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You are here: Home > Business > Small Business > Customer Loyalty Means Bigger Profits – 5 Tips For Repeat Business |
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Actual for You - Customer Loyalty Means Bigger Profits – 5 Tips For Repeat Business
The Shocking Fact Why Small Businesses Are Scared to Invest in CRM Solutions ght though to my boss and I'm sure this contributed to his company becoming our preferred training video producer. He upgraded to a BMW, all because of a diary.A good Customer Relation Management system gives you the ability to automate the hundreds of steps it takes to stay in contact with thousands of your prospects or clients at the right time with the right information and build the relationship and trust they have in you. Studies show the number 1 reason clients change companies is simply due to indifference. They are taken for granted or never hear from the company they purchased from.What makes matters worse for you as the owner, is that most CRM or SFA vendors (consulting firms) are in the pocket of one or more of the large software manufacturers. Manufacturers leverage the good will of consultants who direct you under the guise of consulting, as to which products you need to buy to better manage your Gatekeepers are important for your business success. Look after them. 5. Don't Discount – Value Add Christine, who owns a day spa and massage therapy business that I write brochures and advertising copy for has a policy of never, ever discounting. There are seven other similar business close by, so competition for customers is fierce. Over the years we've seen a number of these businesses discounting to the point where they're barely able to make a profit. It doesn't take long before they're put up for sale. Discounting attracts customers who chase cheap massages. So how does Christine's business maintain a solid base of repeat customers who gladly pay full price? Value adding. She rewards her repeat customers with add-on services. For example, a loyal customer may receive a gift voucher that entitles them to a free 10 minute hand pamper with their next one hour massag How to Run An Internet Business WITHOUT a Website I always buy my fresh fruit and vegetables from a little corner market, even though it's right near a big supermarket that sells at cheaper prices.My website www.red-hot-copy.com has been down for three long days now. That means no online sales. That means no email. That means brand, spanking new web surfers looking for information about copywriting pull up a “Page Not Found” when they Google my website.I am not a happy camper.But life goes on. It has to. So how can an Internet marketer run an Internet business without a website? Here are a few workarounds to keep you in business while things get straightened out.1) Keep an alternate email address in your back pocket. Sure it looks more professional to have your email address with part of your URL or website listed as the root. But having a free email address is also handy if your website isn’t working. I recommend eith Why am I a loyal customer despite the fact I have to pay more? It's because they remember my name each time I shop there, and if my bag is too heavy, they'll deliver it to my home. The big supermarket does none of these things. If that small business didn't look after their customers, they'd be forced to close their doors within a month. Repeat business is absolutely essential for their survival. It's essential for the survival of every small business. So as a small business owner, how do you make sure your customers become repeat customers? 1. Say “Thank you” It's so simple, so effective, and unfortunately so rare to be thanked when you purchase from a small business. We all like to feel special and so do your customers. I'm not talking about the mindless, 'Thank you shopping at the XYZ store' as you go through the check out. Be sincere and make your thanks specific. "Thank you for buying your weekend newspaper from us. Did you realise you've been coming in for a year now?" You can also send a thank you through the mail. Make it easy by having some cards printed up with your logo and contact details on one side, then hand write a thank you note on the other. Nobody does this anymore so it will have a high impact. 2. Send Reminders Any small business that provides a service or sells a product that can be upgraded can send out reminder notices. Here are a few examples:
3. Be Reliable This is such a basic rule, but it's surprising how few small business people get it right. I interviewed the owner of an award winning electrical firm that gained all of its clients from word-of-mouth advertising. The owner said that the quality of their work was no better than other firms'. How did they do it? The secret of their success was their scheduling method which allowed their employees to always be on time. Word got around very quickly. It's very simple: turn up when you say you will. If you are going to be delayed, have the courtesy to call BEFORE you're late. Allow the customer to make a choice of whether they'll wait for you or reschedule. If you tell your customer their goods will be delivered by Friday, make sure they are. On the other hand, if you find you're running ahead of schedule, call first. Your customer might not want the new office furniture you're delivering to clutter up the reception area if they're expecting a visit from an important client. It's almost too obvious to talk about returning calls and emails. Make a commitment to be reliable and your customers will buy from you again and again. 4. Reward the Gatekeepers By gatekeepers I mean the receptionists, secretaries and personal assistants who may or may not give you access to the boss. Years ago I worked for a big company as a personal assistant to the Managing Director. He used to be given all sorts of freebies from suppliers such fruit baskets, tickets to the opera and bottles of wine. One Christmas, David the owner of a training video company gave me a beautiful diary instead of giving it to my boss. After that, when David called, I always put him straight though to my boss and I'm sure this contributed to his company becoming our preferred training video producer. He upgraded to a BMW, all because of a diary. Gatekeepers are important for your business success. Look after them. 5. Don't Discount – Value Add Christine, who owns a day spa and massage therapy business that I write brochures and advertising copy for has a policy of never, ever discounting. There are seven other similar business close by, so competition for customers is fierce. Over the years we've seen a number of these businesses discounting to the point where they're barely able to make a profit. It doesn't take long before they're put up for sale. Discounting attracts customers who chase cheap massages. So how does Christine's business maintain a solid base of repeat customers who gladly pay full price? Value adding. She rewards her repeat customers with add-on services. For example, a loyal customer may receive a gift voucher that entitles them to a free 10 minute hand pamper with their next one hour massage Public Relations - The Press' Power to Influence ic. "Thank you for buying your weekend newspaper from us. Did you realise you've been coming in for a year now?"It’s amazing how powerful a bit of advertising in the press can be. The public seems to take the printed word as the gospel truth! If you manage to get your work published, you’ll find that your credibility goes up enormously. It’s been proven that coverage by the media is more powerful than advertising in the press by 100% at least.TV shows like “A Current Affair” have a massive influence on people’s perceptions and buying habits. A while ago, one of our clients appeared on “A Current Affair”. He runs a large mortgage introduction company. After his organization’s phone number was quickly flashed up on the screen, the phones rang hot.As a result of that TV appearance, they received 10 times as many phone calls for the month and, even some four You can also send a thank you through the mail. Make it easy by having some cards printed up with your logo and contact details on one side, then hand write a thank you note on the other. Nobody does this anymore so it will have a high impact. 2. Send Reminders Any small business that provides a service or sells a product that can be upgraded can send out reminder notices. Here are a few examples:
3. Be Reliable This is such a basic rule, but it's surprising how few small business people get it right. I interviewed the owner of an award winning electrical firm that gained all of its clients from word-of-mouth advertising. The owner said that the quality of their work was no better than other firms'. How did they do it? The secret of their success was their scheduling method which allowed their employees to always be on time. Word got around very quickly. It's very simple: turn up when you say you will. If you are going to be delayed, have the courtesy to call BEFORE you're late. Allow the customer to make a choice of whether they'll wait for you or reschedule. If you tell your customer their goods will be delivered by Friday, make sure they are. On the other hand, if you find you're running ahead of schedule, call first. Your customer might not want the new office furniture you're delivering to clutter up the reception area if they're expecting a visit from an important client. It's almost too obvious to talk about returning calls and emails. Make a commitment to be reliable and your customers will buy from you again and again. 4. Reward the Gatekeepers By gatekeepers I mean the receptionists, secretaries and personal assistants who may or may not give you access to the boss. Years ago I worked for a big company as a personal assistant to the Managing Director. He used to be given all sorts of freebies from suppliers such fruit baskets, tickets to the opera and bottles of wine. One Christmas, David the owner of a training video company gave me a beautiful diary instead of giving it to my boss. After that, when David called, I always put him straight though to my boss and I'm sure this contributed to his company becoming our preferred training video producer. He upgraded to a BMW, all because of a diary. Gatekeepers are important for your business success. Look after them. 5. Don't Discount – Value Add Christine, who owns a day spa and massage therapy business that I write brochures and advertising copy for has a policy of never, ever discounting. There are seven other similar business close by, so competition for customers is fierce. Over the years we've seen a number of these businesses discounting to the point where they're barely able to make a profit. It doesn't take long before they're put up for sale. Discounting attracts customers who chase cheap massages. So how does Christine's business maintain a solid base of repeat customers who gladly pay full price? Value adding. She rewards her repeat customers with add-on services. For example, a loyal customer may receive a gift voucher that entitles them to a free 10 minute hand pamper with their next one hour massag Get Discovered Through Press Releases minders to patients who haven't visited for six months to come in for a free spinal check up.Do you have a service or product that you want to get in front of the masses? Maybe you have reached a new milestone in your existing business that you want to shout out to the world. Well, the easiest way to get the message out is through the power of a press release.Press releases have been around for awhile and can be a powerful tool in your marketing arsenal. If you have a little experience writing, you can create one on your own. If not, you can hire a professional to write one for you. It is well worth the money to get a professional job done.There are several elements that comprise a press release.1. The contact information, this allows the press to contact you for a possible story or for potential customers to come to your site to see 3. Be Reliable This is such a basic rule, but it's surprising how few small business people get it right. I interviewed the owner of an award winning electrical firm that gained all of its clients from word-of-mouth advertising. The owner said that the quality of their work was no better than other firms'. How did they do it? The secret of their success was their scheduling method which allowed their employees to always be on time. Word got around very quickly. It's very simple: turn up when you say you will. If you are going to be delayed, have the courtesy to call BEFORE you're late. Allow the customer to make a choice of whether they'll wait for you or reschedule. If you tell your customer their goods will be delivered by Friday, make sure they are. On the other hand, if you find you're running ahead of schedule, call first. Your customer might not want the new office furniture you're delivering to clutter up the reception area if they're expecting a visit from an important client. It's almost too obvious to talk about returning calls and emails. Make a commitment to be reliable and your customers will buy from you again and again. 4. Reward the Gatekeepers By gatekeepers I mean the receptionists, secretaries and personal assistants who may or may not give you access to the boss. Years ago I worked for a big company as a personal assistant to the Managing Director. He used to be given all sorts of freebies from suppliers such fruit baskets, tickets to the opera and bottles of wine. One Christmas, David the owner of a training video company gave me a beautiful diary instead of giving it to my boss. After that, when David called, I always put him straight though to my boss and I'm sure this contributed to his company becoming our preferred training video producer. He upgraded to a BMW, all because of a diary. Gatekeepers are important for your business success. Look after them. 5. Don't Discount – Value Add Christine, who owns a day spa and massage therapy business that I write brochures and advertising copy for has a policy of never, ever discounting. There are seven other similar business close by, so competition for customers is fierce. Over the years we've seen a number of these businesses discounting to the point where they're barely able to make a profit. It doesn't take long before they're put up for sale. Discounting attracts customers who chase cheap massages. So how does Christine's business maintain a solid base of repeat customers who gladly pay full price? Value adding. She rewards her repeat customers with add-on services. For example, a loyal customer may receive a gift voucher that entitles them to a free 10 minute hand pamper with their next one hour massag How To Manage Six Sigma Teams ait for you or reschedule.Six Sigma is a continuous procedure, which can help companies reduce the over all expenses and expenditures, and increase profits by streamlining operations, improving quality and eliminating all the problem areas. Not only does Six Sigma benefit an organization, but also the organization can benefit Six Sigma by managing it. Management must be led by highly qualified and trained individuals.Managing a Six Sigma team is not an easy task and it is fairly impossible for a single person to manage a Six Sigma project on their own. Six Sigma is a team process that requires teamwork at most levels. Managing a Six Sigma team starts from the uppermost levels of the organization. The company's leaders must provide resources to the teams and the authority to apply t If you tell your customer their goods will be delivered by Friday, make sure they are. On the other hand, if you find you're running ahead of schedule, call first. Your customer might not want the new office furniture you're delivering to clutter up the reception area if they're expecting a visit from an important client. It's almost too obvious to talk about returning calls and emails. Make a commitment to be reliable and your customers will buy from you again and again. 4. Reward the Gatekeepers By gatekeepers I mean the receptionists, secretaries and personal assistants who may or may not give you access to the boss. Years ago I worked for a big company as a personal assistant to the Managing Director. He used to be given all sorts of freebies from suppliers such fruit baskets, tickets to the opera and bottles of wine. One Christmas, David the owner of a training video company gave me a beautiful diary instead of giving it to my boss. After that, when David called, I always put him straight though to my boss and I'm sure this contributed to his company becoming our preferred training video producer. He upgraded to a BMW, all because of a diary. Gatekeepers are important for your business success. Look after them. 5. Don't Discount – Value Add Christine, who owns a day spa and massage therapy business that I write brochures and advertising copy for has a policy of never, ever discounting. There are seven other similar business close by, so competition for customers is fierce. Over the years we've seen a number of these businesses discounting to the point where they're barely able to make a profit. It doesn't take long before they're put up for sale. Discounting attracts customers who chase cheap massages. So how does Christine's business maintain a solid base of repeat customers who gladly pay full price? Value adding. She rewards her repeat customers with add-on services. For example, a loyal customer may receive a gift voucher that entitles them to a free 10 minute hand pamper with their next one hour massag How To Get Competitive Advantage At Internet Marketing ght though to my boss and I'm sure this contributed to his company becoming our preferred training video producer. He upgraded to a BMW, all because of a diary.Introduction:There are literally millions of sites out there on the World Wide Web and many sites are being launched daily. In this environment of extreme competition, it is essential for you to gain an edge over the others in your area. It is important not to become complacent about your fantastic idea and forget to market yourself to prospective clients. No matter how great your product is or how customer-friendly your service is, if you can’t convert people into customers, you will not make any money. So remember that the key to success is great marketing. Now how do you market your site?Creativity:First we take for granted that you have a viable product or service that online customers are looking for. Now, get creative. Try various metho Gatekeepers are important for your business success. Look after them. 5. Don't Discount – Value Add Christine, who owns a day spa and massage therapy business that I write brochures and advertising copy for has a policy of never, ever discounting. There are seven other similar business close by, so competition for customers is fierce. Over the years we've seen a number of these businesses discounting to the point where they're barely able to make a profit. It doesn't take long before they're put up for sale. Discounting attracts customers who chase cheap massages. So how does Christine's business maintain a solid base of repeat customers who gladly pay full price? Value adding. She rewards her repeat customers with add-on services. For example, a loyal customer may receive a gift voucher that entitles them to a free 10 minute hand pamper with their next one hour massage. What's more, the customer often enjoys the extra treat so much that they're happy to pay for an add-on service next time. Remember my corner market? They don't even try to compete on price with the big supermarket. They value add by making home deliveries for their customers. Repeat Customers = Profitable Customers Have you ever worked out how much it costs you to gain a new customer? A rule of thumb is that attracting new customers costs you five times more than keeping your current customers. Focus on keeping your existing customers happy and loyal, and you'll save on expenses and increase your profits.
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