Your Clients Aren’t as Loyal
as They Used To Be
By Lenann McGookey Gardner
Loyalty. It’s a great idea - clients who appreciate you for what
you do, and who wouldn’t think of retaining someone else to do that
type of work for them. It’s kind of a quaint notion. Loyalty’s
mostly dead.
Let’s
check this out: are you loyal? Think of the people who
provide services to you; do you continue to patronize them, without
even thinking about it? Or do you “shop around?” America - and
much of the rest of the world, too - has evolved into a culture that
shops. People are always looking - for a better deal, a lower
price, or some miracle that will allow them to get acceptably good
services for much less. They may not seek out other bidders, but
when an amazing offer comes their way, it’s hard to ignore!
In a
world in which loyalty isn’t the norm, where the best clients are
often seeking competitive quotes just to keep current suppliers
“honest”, what can be done to grow a firm’s revenue base? Here are
5 simple ways for you to increase your customers’ loyalty and
encourage repeat purchases:
1.
Have a Plan for Sustaining Relationships: If your clients aren’t
hearing from you, they’re probably not thinking about you - but they
are thinking about the people who’ve called them today,
proffering a better deal for the services you currently provide.
Do you
have a system for getting in touch with your clients, on a regular
basis? You should! A minimum of one contact per quarter is
essential, more if there are legitimate reasons for you to call. If
nothing else, send an article likely to be of interest to them, and
put a personal note on it, saying that you’re thinking of them, and
would be happy to discuss the subject of the article, their
situation, or overall progress with them sometime soon. Say you’ll
call them next week to set up a time for that chat, if they feel
it’s appropriate.
2.
Stay Aware of Your Value, and Make Sure Your Clients Do, Too:
Whenever possible, calculate return-on-investment: that’s the
increase in profits, not sales, net of the expense of paying
for your service or product over a reasonable period of time. If
your services or product are likely to help your clients grow their
sales, it’s fairly simple to compare their sales before working with
you to their sales after doing so. Other services and products cut
expenses; be sure you collect information about their expenses after
working with you, and compare those figures to expenses prior to
your arrival.
Your
value may be difficult to calculate, but you should work hard to
quantify something. What’s their savings - if not in money, then in
time, even just reduced hassle, as a result of their decision
to work with you?
3.
Share the Story: When you have made a significant
difference for a client, create a case study — the story of a
client’s experience with you, written out in narrative form.
Explain to your client that you do this as a matter of course; you
keep the case studies, like client testimonials, for the benefit of
others who are considering working with you, so they can understand
the kinds of results you’ve been able to help people achieve. When
your clients read a case study of their own success, there’s
an ego boost there, and that contributes to that elusive loyalty we
all seek.
If you don’t have the time to put
together a case study for each of your successes, there are
companies that can help you.
4.
Bring Them Clients: Your prospects are in business, too,
and there’s probably nothing you can do for them that will be more
appreciated than buying from them yourself, or sending others to do
so!
5.
Earn the Business: Set aside time every single week to
communicate with at least a few of your clients - set up a schedule
so such contacts are made regularly - and always act on any requests
you uncover, even if they’re not your normal line of work. Might
you refer them to someone you know who can be of help? That’s
better than their seeking a supplier in the Yellow Pages! Could you
locate some information for them? Can you help in any way at all?
If so, then do it! Going out of your way to help a customer might
cost you a little in the short term, but in the long term that extra
effort you put in will be noticed by the client.
It’s
naďve to expect that clients, no matter how satisfied, are likely to
be loyal, long-term, to any supplier of services. Clients are
forever alert to the possibility that they may be overspending -
and, on top of that, there’s an appeal to anything that’s fresh and
new! But it’s easier to respond to the solicitation of someone new
- someone who says he can do the same job and do it for less - when
the relationship with the existing supplier has been allowed to
deteriorate.
It’s
true that it’s much easier to generate dollar #2 in business from an
established client than it is to get a new client to spend dollar #1
… but nurturing relationships is necessary for that, and, in a busy
world, the only way such nurturing occurs is if you schedule it and
make it happen!
Read other articles and learn more about
Lenann McGookey Gardner.
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