Showing posts with label customers. Show all posts
Showing posts with label customers. Show all posts

Saturday, April 11, 2009

Customer Loyalty: 6 Tips to Gain Client Trust and Retain Client Trust

1. Promise - And Then Deliver More

You should stick to your promises and deliver even more in terms of quality than what your clients expect from you. This will ensure that they are pleasantly surprised every time that they deal with you.

Stick to delivery schedules, and in case of the odd slip-up, make sure that you inform your clients well in advance of the delay. This will at least convey the message that you are working hard to rectify the problem.

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11 Strategies to Keep Customers Coming Back

The customers you need to grow your company may already be doing business with you

It's a simple fact of business: Most companies are obsessed with getting new customers. They advertise, plead, cajole, bribe, bend over backwards and sometimes beg to get a new customer.

And after all that, once they get them, they ignore them.

"Most companies spend a lion's share of resources to attract a new customer," said Theodore Kinni, co-owner of The Business Reader, a Williamsburg, Va., business-to-business bookseller. "At the same time, more valuable, already profitable existing customers are walking out the back door unnoticed and uncared for."

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Friday, April 10, 2009

Getting Your Boss to Pay Attention to Customers

While management and the team below them are key factors in the customer world, that is not to say that the higher up officials of your company shouldn’t be involved in some way when it comes to your customers. Afterall, the high boss is benefited just as much as you are by those customers. So how do you convince your boss to pay attention to the customers?

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Wednesday, April 8, 2009

How to Get Your Customers to Say "Wow"

Show Genuine Happiness

For excellent client service, you should be happy at the arrival of each new client and should also show it. Your smile and interest in your customers should be genuine. Listen to what your customers are trying to convey before you start showcasing your products or start your sales pitch. This is a good business client tip to follow.

Be calm and polite but firm at all times. Radiate energy and enthusiasm through your body language. Your employees should be equally active and interested in their jobs.

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Intentions vs. reality — what are your customers telling you?

One of the most interesting dynamics we have discovered in working with and educating entrepreneurs is that what they say they need or want — and what they actually use or attend — are often two different things. For instance, many tell us that they want to attend sessions on human resources, but we have difficulty filling the room when we offer that instruction.

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Tuesday, April 7, 2009

Managing Customer Expectations

The following steps will help you assure that customers know what you can offer - and at the same time, help you know what their expectations are.

Know What Customers Value

You may already be aware of the required mix of speed, quality, and price for optimizing your small business operations and for assuring that these correspond closely to your customers’ expectations.

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Thursday, April 2, 2009

Managing Customer Frustration

In business our number one goal is to keep our customers happy at all times. The timeless classic of “the customer is always’ right” comes into play here. But there are going to be time’s when there is more then one customer on the phone-one of them will have to hold. Or there is more then one customer in line-the other’s will have to wait.

To cut down on the frustration that the customer may feel at this point, try giving them something that will keep them entertained even just for a few minute’s. Rather then have that boring classical elevator music that we all love so much on the phone, try a comedy station, or maybe a trivia station.

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Tuesday, March 31, 2009

6 ways to turn customers into partners

The idea of partnering with customers is often confused with providing good customer service. But they're hardly the same thing.

Working to build partnerships with customers is a considerably more consultative process than delivering satisfactory point-of-sale transactions.

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What Customer Data Should You Keep--And Toss?

Heartland Payment Systems, a credit card processor, may have had up to 100 million records exposed to malicious hackers. Payment processors CheckFree and RBS Worldpay, and employment site Monster.com, have all reported data breaches in recent months, as have universities and government agencies. Experts at Wharton say that personal data is increasingly a liability for companies and suggest that part of the solution may be minimizing the customer information these companies keep.

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U.S. Consumers’ Mood Improves Slightly

U.S. consumers’ mood brightened a bit in March, nudged up by increased confidence in government economic policy, but overall sentiment remained near an all-time low, a survey showed.

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Saturday, March 28, 2009

Customer relations and etiquette: simple rules on maintaining loyalty.

There are two domains - things we can create and things we have to adapt to. We can agree, that to some extent, the economic environment we find ourselves in falls into the latter. While we adapt and realign our posture to match the times, we also ought to examine the things that we have creative control over. One such issue is how we interact with the world around us.

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Wednesday, March 25, 2009

Forget Happy. Are Your Customers Satisfied?

by: Rieva Lesonsky

Every business owner wants happy customers, right? Actually, Barry Moltz, a serial entrepreneur, angel investor, and author of
You Need to Be a Little Crazy: The Truth About Starting and Growing Your Business and Bounce! Failure, Resiliency, and Confidence to Achieve Your Next Great Success, advises us to stop pursuing the impossible dream of trying to make our customers happy. Instead, we need to leave them satisfied.

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Sunday, March 15, 2009

Slump Batters Small Business, Threatening Owners' Dreams

By: SIMONA COVEL

After spending nearly 20 years building her own business, Cookie Driscoll thinks it might be over.

Ms. Driscoll owns C. Cookie Driscoll Inc., of Fairfield, Pa., which sells animal-themed gifts and office-promotional products. In the past year, she has seen nine of the mom-and-pop shops that buy her goods shutter -- often without paying their outstanding invoices. Her bank revoked her credit line. She expects revenue to be under $60,000 this year, down from a peak of nearly $230,000 a few years ago. She is taking almost no income from her business and paying bills with the last $16,000 from her retirement account.

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Thursday, March 12, 2009

Marketing?

A business will never work out if marketing will not be included in your prospect. It is just too tough to go on with the flow of the business without employing direct marketing. Not all trades flourish because costumers come to you.

There are times when you will be the one to go after these customers. Now if you are dead serious with earning profit and making your commerce work out, you will be geared towards direct marketing.It is important that you gather your leads and once you did this, ensure that you keep them in close touch. One form of direct marketing is via direct mail.

You can encourage prospect customers to avail of your service or your goods by mailing to them directly. If you are successful in convincing them then you can be rest assured that your trade will work out well.

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Wednesday, March 11, 2009

How To Tell Which Ads Are Working

If you're like a lot of small-business owners, you probably believe your advertising efforts are working because you're making sales. But do you know which ads are working?

If not, it's time to get a better handle on your advertising's ROI. After all, why waste money buying advertising that isn't working?

You need to look at two things: which specific ads bring in customers, and which advertising media results in new business. An ad placed in a weekly shopper-type publication may draw new business week after week, while the same ad place in a local, tabloid-format newspaper may not attract any new customers. Or, vice versa.

You can find out which ads and media are producing customers by tracking responses to your ads.

One common way to track ads is to code coupons so you know what publication or mailing they came from. For instance, if you're running a 15%-off coupon in several local publications, change the ad slightly for each publication by including the initials of the publication or some other identifying information in very small print just inside the coupon dotted line. Be sure you or your employees collect the coupons; at the end of the promotion, tally them up to see which local publication produced the most new customers.

If you discover a significant difference in response, then consider dropping the publication with the lowest response rate and substituting another in its place.

If customers call your business rather than sending in coupons, you can track advertising results by telling people to call special extension numbers or to ask for a specific individual. For instance, your radio ad might say, "Call Jack for details." Your print ad, however, might say to call and ask for extension 25. The person who answers your phone should keep a list of all incoming calls, noting which extension or name was requested.

You can track pay-per-click advertising, too. Most pay-per-click ad networks let you include a tracking code on the end of each ad you write. (You put a slash at the end of the URL, and following the slash, enter the tracking code.)

Track your ad results until you have enough data to make an informed decision. Then, analyze the data to see which ads and which placements work best for you. Reallocate your ad spending accordingly.

Source: http://www.smallbizresource.com/blog/main/archives/2009/03/how_to_tell_whi.html;jsessionid=SFDJROEUU4OJWQSNDLPCKHSCJUNN2JVN

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Wednesday, February 25, 2009

How to help your small business survive in a recession

Bad news: We’re officially in a recession.

Worse news: It’s not likely that things will get much better any time soon.

Good news:  If you’re running a small business and are passionate about persevering and succeeding in this tough economy it is absolutely positively possible to do.

It’s definitely not easy. Believe me, I’ve seen how hard it is for small companies to survive during a down economic cycle when I was a venture investor and even more so as an entrepreneur myself as the founder of Work It, Mom!. Your customers start spending less money and there are less of them. Your suppliers want to get paid sooner. The free barter deals you might have struck with other partners – say, getting some free web design work in return for some of your own services or products – might not be so free any more, as other small businesses you’re working with need to charge for their services to make ends meet. It’s tough.

But it’s not impossible and I thought I’d share some tips I’ve learned along the way to help your keep your small business going and perhaps even growing during this difficult time:

Focus, focus, focus. This is good advice at all times but particularly when things are tough. If you’re selling several products, focus on just those which are selling well and are profitable for you. If you’re trying to reach a broad audience with your website see if you can make your audience target much more specific .

Spend less money. The less money you spend the longer runway your business has to make it through the tough times. Take a really hard look at all of your expenses and evaluate whether there are some you can cut. Anything that is not essential should go, but be careful to not cut things that are key to your business. For example, be careful when cutting your marketing expenses during this time – sure, you want to save money, but you also need to continue to bring in new business. Look at office, travel, supplies expenses first.

Negotiate reduced rates. If you use suppliers for your business this is the time to re-negotiate what you pay them. Most would rather keep you as a client who is paying them less than lose you entirely. You might not find this easy to do but do it anyway.

Get creative with free marketing. Marketing is the key to your business, to finding new clients. But when you don’t have a ton of money to spend on marketing, you have to get creative. You know those barter deals that might be tough to keep? Seek out new partners for them. For example, if you sell things on your website find another site with a similar audience and offer to exchange free advertising. Find sites and online communities, like Work It, Mom! for example, where you could contribute tips and articles that contain a link to your site or product.  Find blogs which target your audience and get involved by commenting – although never ever just leave a comment to promote your business.

Hang on tight to your existing customers. Your customers – who have bought your product or visited your store or your website – are essential to your business success, especially now. It takes a lot of time and money to bring a new customer to your business and once you have them you need to invest time and money into keeping them. If you don’t already, offer a regular newsletter subscription – and make your newsletters relevant and interesting, by highlighting special deals or content your customers might like. Write a regular blog, where you can talk about things related to your business and make it more personal , more relatable to your customers. (It’s also a great way to network online with other similar businesses and to get your customers more involved with your business!) Send special thank you notes to your customers after they purchase a product from you.

Have hope. Yes, this sounds like some cheesy card, but it’s not easy to stay optimistic during tough economic times like these. Remind yourself about what you love about running your business, what you find so rewarding.

Source: http://www.workitmom.com/articles/detail/6495/how-to-help-your-small-business-survive-in-a-recession/2















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Tuesday, February 24, 2009

In Search of Customers

Who is your ideal customer? Apply the tried and true 5 W's technique to find yours.

Who is your ideal customer? If your immediate response is "everyone" we need to do some work. Marketing research shows that you are more successful in selling your product or service when you market to a specific group called a "niche". This niche is based on such factors as age, income, education etc.

By applying the 5 W's you can quickly determine your marketing niche.

Who?
  • Who are your customers? Narrow it down to specific age group(s), sex, education and income level, etc.
  • Who is your competition?

What?
  • What do they spend money on?
  • What are their hobbies?
  • What types of groups do they belong to?
  • What makes you different from your competition?

When?
  • When do they need your product or service?
  • When do they buy?
  • When will you be open? (hours of operation)

Where?
  • Where do they live? 
  • Where do they shop? 
  • Where do they go to church?
  • Where do their children go to school?

Why?
  • Why do they buy? 
  • Why should they spend money on your product or service?
  • Why should they buy from you instead of your competition?

Having a great product or service that you are sure a lot of people will need isn't enough. Instead of trying to be all things for all people, take time to identify your ideal customer. Every year businesses spend millions of dollars on marketing and advertising. Know who your customer is and then develop a solid plan to reach that customer.

For help on developing your marketing plan, call or visit your local SBDC office today.

Source: http://www.ccccd.edu/sbdc/searchofcustomers.html















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Monday, February 23, 2009

How to Jump Start your Sales in a Downturn

by: Daniel Morales, MBA


With the current challenging economic conditions it’s suddenly become much harder to win new customers and more business. But going back to basics can help jump start your business performance while your competitors struggle.

Even in today's economic conditions, growing your business must likely be your number one goal. However, in the current economic downturn your ability to develop new sales can be harder.

How do you increase your bottom line when your finances continue to be challenged? How do you continue to cultivate your client base when even your most loyal customers are cutting back on their own spending?

Here are a few things you can do today to help jump start your sales even when the economy is tanking:

Look at your business from the inside out

This is simple enough but is something many businesses fail to do until there is a problem. Remember to work on your business, not just in it. Look at what is working and what is not working.

Positive Attitude

Don't wait for business to come to you. Be proactive, focus your efforts on growing your customer base. Turn off the fear machines. Associate with positive attitude people. Look for the silver lining in all crisis or challenges.

Allocate resources wisely

Don't cut your sales and marketing budget, as a matter of fact, increase it. While your competitors are cutting back you should be more effective in your marketing efforts.

Attract new customers

An economic downturn brings uncertainty. Do not underestimate the importance of winning new clients. New business is the lifeblood of a healthy bottom line.

Nurture Existing clients

Treat each client as if they are your only one and you only work for them. Expand your offering and rebuild the relationship. Give your clients more value for their money and they will find it difficult to leave.

Listen to your customers

You were given two ears and one mouth for a reason. What are your clients really saying? What do they really want from you? Don't assume you know what your clients want; listen and they'll tell you what they need and what they want.

Get more business from old clients

This is the most cost effective way to increase your sales at the least cost. Find ways to get more business from previous customers. Building up a good rapport with existing clients will unlock the door to further business. Ask your clients for referrals.

Your value proposition and elevator pitch

Take the time to construct and learn a 30-40 second pitch for your company and your product or services. Tell them about the benefits you deliver and what is your value proposition and what you can do for them. Be ready to market your business at any time and any place. You never know when or where a new business opportunity may present itself. Be ready to sell always.

Qualify your clients

Do not waste your time and money on leads that are unlikely to end in a sale. Qualify each new lead. Being smart with your prospecting may also uncover a new market for your product or service

Do these things and you will jump start your sales and grow your business while others are left kicking themselves out wondering what happened.

Source: http://www.mtsacsbdc.com/web/index.php?module=article&view=43















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Thursday, February 19, 2009

Website Resources To Help Improve Your Business

Recently I did a presentation about online tools that can strengthen your business.  During the presentation I highlighted several websites that a small business owner can utilize in order to help them out.  I personally use the websites that I will tell you about. 


The first site is www.surveymonkey.com.


Survey monkey is a great site that enables business owners to be able to survey their customers for a variety of puposes including market research, customer evaluations, as well as any other thing you may want to know.  You can create a 10 question survey in literally minutes and be able to post it to a website, upload email addresses to send, or send a link through an email from youself.  The website is secure as well as the information that you collect. 


There are many types of question formats that you can choose from including essay, multiple choice, or just about anything else that you can think of.  One of the best things for you the business owner, is that the first 1,000 responses collected per month on your account is free.  If you pay their nominal fee, you can have advance reporting features, more options, unlimited responses and custom content.


I recommend that you create a customer evaluation that will be sent to your customers after a sale.  You can see how you are doing and will probably recieve valuable content that can help your business grow for years to come.  


In these present times, it is also nice to have a resource for free!  Please note that their are alot of online survey companies, I just personally have used this one over the past few years. 


Tune into the next posting where I will go over another great online resource to help out your business.


*The SBDC in no way endorses the website listed above.  It is simply a suggested site that others have used successfully in the past.


URL: http://georgiasbdc.typepad.com/georgia_sbdc/2009/01/website-resources-to-help-improve-your-business-1.html


Foundations to Marketing

Marketing is one aspect of running a business that companies know is important but find challenging to implement effectively. It is difficult to see results from the costs incurred for marketing. Even defining marketing is difficult. For purposes of this discussion, marketing is defined as the process of getting and keeping more of the right kind of customers. There are many components to this, so let's look at the marketing processes that are regularly evaluated and improved.

1. Customers and Market Knowledge

This addresses how the company understands the needs of customers and the marketplace. High-performing companies target specific groups of customers or markets, learn everything possible about what is important to those groups or customers and measure their satisfaction. Many companies tap into their market base accidentally and never proactively seek out those to whom they should be selling. Instead, they divide up their existing customers into groups. This approach causes the company to end up with the wrong customers.

Far too often I hear from companies that their service is what separates them from their competition. There is nothing wrong with this strategy, but applying it as a blanket policy for all customers can mean a death sentence to the company. You may find that your most satisfied customers are not paying enough to cover the cost of your services, and those who can pay for the service are not very satisfied.

After examining segments of its customer base, Customer Research, Inc., a small market research and consulting company, found that some customers took advantage of their excellent customer service policies, which used a lot of company resources. Through their analysis, they discovered that these clients had very similar characteristics and began to target other groups of customers. Their new focus allowed them to understand their customer needs better and more accurately target similar customers in their marketplace. By doing this, they were able to increase their profit margin, achieve higher satisfaction ratings from their customers and greatly increase their customer loyalty.

Here are some customer and market knowledge questions to answer:
- How do you determine or target customers, customer groups and/or market segments?
- How do you listen and learn to determine key customer requirements and their relative importance/value to customers' purchasing decisions?
- If determination methods vary for different groups, what are the key differences?

2. The Competition

Though understanding your customers is critical, this cannot be done without considering the strengths and weaknesses of your competition and how they satisfy the needs of their customers. This includes understanding the market niches they are pursuing and why their customers are choosing to buy from them. In a free market, people have choices, and companies that evaluate their products or services without considering those alternatives will find themselves falling behind in the race.

Here are some competition questions to answer:

- Who are your competitors?
- Why do people buy from them?
- What are the main strengths and weaknesses of your competition?
- What methods do you use to continually evaluate the competition?

3. Customer Relationships and Satisfaction

Now that customer groups and markets have been identified and you understand your market strategy in context with the competition, you should develop strategies to build customer loyalty. Part of loyalty is understanding what drives buying behaviors. The other part is consistently delivering on those requirements. Strategies in several areas will build strong customer relationships that lead to satisfaction and loyalty.

Here are three areas in which you should develop processes and measure your company's performance:

- Customer contact requirements. This requires your company to determine its key customer contact requirements and how they vary for different modes of customer access. For example, one mode of contact may be an 800 number; your customer requirement for this access point may be to promptly and efficiently handle these incoming calls. What are your customer contact requirements?

- Complaint management. Accumulating information from customer complaints can be invaluable in understanding customer needs. Your complaint management process should include how you ensure prompt and effective resolution and how complaints are aggregated and analyzed for use in improving your company.

- Customer follow-up. A strategy to follow-up with customers after recent transactions will build your relationship with customers, help you learn their level of satisfaction and provide you feedback that leads to improved product or service features. How do you acquire information from customers after a transaction?

4. Pricing

Products and services must be priced properly to keep the company profitable as well as to support your position in the market. Pricing must incorporate your true costs (which includes both direct and indirect costs), market factors, perceived value and customers' alternatives.

Here are questions to answer to develop a pricing strategy:

- What are the direct costs for your product/service?
- What are the variable costs or overhead costs for your product or service?
- What is your break-even point?
- What is the price of similar products/services in your marketplace?
- What are your prices?
- Why will people buy your product/service at the price you are charging?

5. Promotions

You can have the best product or service offered at a price that people are willing to pay, but if people don't know about it, you won't sell anything. If your message is off the mark and does not appeal to the needs of customers, you will just be throwing money out the window. If you have done a good job in the four areas above, you will know what your customers want. With that knowledge, your promotional message will appeal to those needs and attract more customers.

- Whom do you want to hear your message?
- Where is there a large number of them to whom you can direct your message?
- What are your strategies to reach those concentrated groupings of customers?

Source: http://www.missouribusiness.net/cq/2003/foundations_to_marketing.asp