Saturday, October 31, 2009

The Value of a Customer


from Art:

This Week's Tip:
Preventing Huge Losses

Greetings!

While sharing some customer service horror stories,
a seminar attendee told me he quit using a certain
airline because he had an encounter with a rude
telephone rep. He spent about $50,000 a year
with the airline. Fifty grand. Gone. One bad
call. Wow.

Perhaps you've experienced the sting of having
a valuable customer of yours jumping ship. You
can't do much about it once it has happened.
Oh, sure, you can call and grovel ... asking for
another chance, but we know that does little good.
The damage didn't occur overnight. It festered over
time. Best case, after the fact, we can learn from
our mistakes to prevent it from happening again.

The best route is Preventive Customering.
That's simply paying attention to your customers ...
performing routine maintenance so they don't pack
up and leave when you least expect it.

And it really is simple and fundamental. But
sometimes those are the things that fall by the
wayside, just like in other types of relationships.

When other sales reps call your customers, you
want the customers to say what you might have
heard before when prospecting: "I'm satisfied
with (your company)." Here are some incredibly
simple, but time-tested truths to help
keep customers.

=================================================
FIRST IMPRESSIONS ARE LASTING
Go out of your way to leave an indelible
pleasing memory after the first sale. Underpromise
and overdeliver when it comes to delivery times.
Throw in something free as a welcome gift. Mail a
handwritten thank you note. Call after the order
has been delivered with additional useful information.
Reinforce their wise buying decision.
=================================================

LEARN THEIR BUSINESS AS IF WERE YOUR OWN
The bottom line is the bottom line. There's a lot
to be said for building relationships on a personal
level, but the best way to become truly indispensable
is to be an integral part of their business. The more
you know about them, the better-equipped you are to make
profit-building recommendations. If you're looked at
as a sales-boosting consultant as opposed to a
salesperson, customers will never consider listening
to the overtures of competitors attempting to stick
their foot in the door with promises of lower prices.

=================================================
PROVIDE VALUE EVERY TIME YOU CALL
Don't call to "just touch base," to "check in," or,
"to just stay in touch to see if they need anything."
Customers could potentially view these reactive,
no-substance contacts as a nuisance. Make it policy
that every time you call you have a value-added reason
for doing so. Answer this question: What information
can you call with that would cause the customer to
say they were better off after taking your call
than they were before it? Any kind of industry or
product news they might find interesting, notification
of sales or promotions, or ideas you feel they could
use are all value-added reasons for calling. Come
up with your own.
=================================================

ASK THEM WHY THEY CONTINUE BUYING
This is so incredibly simple, yet it's rarely used
by companies. What you might think is a great benefit
of doing business with your company could be meaningless
to your customer; they might buy for a totally
unrelated reason. My dry cleaner might like to believe
she gets my business because she does superb work and
has competitive prices; I use her because she calls
me by name when I walk in the door. She has never asked.

Ask your customers, "Pat, I want to make sure we continue
providing you what you want. What is it you like best about
doing business with us? What else would you like to
see?"
=================================================

BUILD PERSONAL RELATIONSHIPS
With new customers, at appropriate points during calls
(such as the end), ask innocuous questions about their
plans for the weekend, or for the summer. Listen
carefully to the answers, and react accordingly,
sharing of yourself as well. If they mention they're
going to curl up in a beach chair with a good book,
find out more about what they like to read, and what else,
if anything they do at the beach. Again, common sense
stuff, but this works. One word of caution: I've seen
reps who were everyone's best buddy, but rarely sold
anything. Likeable, yes. But also very easy to get
rid of by customers, and reluctant to directly ask for
business, fearful of being too "pushy." Build
relationships, sure ... in the context of business.
=================================================

KEEP YOUR NAME IN FRONT OF THEM
You don't need to call every week, indeed you shouldn't,
if you don't have a valid reason for doing so.
However, in between your calls, stay in touch in other
ways. I've received postcards from sales reps' personal
vacations. Well-read reps clip industry-specific
articles from any and every appropriate source and photocopy
and send them to customers with a note attached.
Send a fax to customers with confidential news of an
upcoming sale. E-mail them. Advertisers call this
strategy getting your piece of "mindshare," meaning
they'll think of you if they have a need before your
next contact, or when a competitor comes courting.
=================================================

CONTINUE ROMANCING THEM
Some sales reps are passionate about chasing the
business, but lose interest once the relationship
has begun. You need to be committed to the relationship,
and be fanatical about service. Otherwise, nothing
else matters.
=================================================

QUOTE OF THE WEEK
"Vision without action is merely a dream. Action
without vision just passes the time. Vision with
action can change the world."
Joel Arthur Barker

Continue having your best week ever!

Art

Contact: Art Sobczak, President, Business By Phone Inc. 13254 Stevens St.,
Omaha, NE 68137,
(402) 895-9399. Or, email:arts@businessbyphone.com

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