Youve Got a Great Business, but Nobody Cares!
I would like to share a disturbing little secret with you. Almost 70% of the people you do face-to-face Business, with will never speak to you again! It's not that they didn't like you or get value from your services, but they just don't care. They have other things on their minds. The kids need new clothes, the furnace needs repairing, and the car is making that strange knocking sound again, and, of course, there is a big report due tomorrow. These are the things that take up your customer's bandwidth. They haven't thought about you since you last spoke to them weeks ago. So, why wouldn't they think about you? Didn't that last marketing campaign garner great results? As the available research suggests, it's not that they don't like you, but rather, they simply forgot about you. They have other things on their minds and there wasn't any good reason to think about you. By the way, popular research suggests that, in general, only about 8% of customers are dissatisfied with the product or service they received. To illustrate this, I recently worked with a company that has served over 3,000 clients in the past 3 years. In this same period, they have never sent out a 'thank you' card, email or direct mail piece to these former clients. What's more surprising, is that they were still getting a third of their new business from referrals. So, why are they not reminding happy, satisfied customers that they are still around and looking to make even more happier, satisfied customers? The answer is simple: they are just too busy with managing the day-to-day Business, to create marketing pieces to reach out to the customers. Instead, they spend hundreds of thousands of dollars on expensive shotgun-style advertising to get the attention of potential customers. It's much easier to call up the Yellow Pages and place a year's worth of ads, than it is to create a meaningful relationship-based campaign. relationship-building campaigns take time and energy; something we don't often have much of once the daily workload is taken care of. To change this, a campaign was conceived which would thank the 3,000 past customers for their Business and remind them that referrals had been the key to the company's success. The campaign also provided each past customer with both online and offline tools to pass on consistent referrals. At the same time, the company reduced its print ad placements to ensure results were not overshadowed by alternate forms of lead generators. The result: this company was able to triple revenues in just 12 months, almost solely attributable to referrals. In Business, there is no better way to grow than through referrals, which are the most effective form of marketing/advertising for many reasons. Firstly, they are the most cost-effective way of generating Business and revenues. Referrals generally make decisions more quickly and are likely to purchase more often. The best part is that less negotiation and convincing is required to enroll them, because they already trust you and have seen your results, first-hand. But referrals don't happen by accident. They are the product of a great customer experience, including sales, marketing and customer support efforts. What we sometimes forget, though, is that we have to remind customers how great their experience was, so that they will be more willing to make further referrals. 'Out of sight' is definitely 'out of mind', in this case. So, how do you remind your past clients of their experience with you, without becoming just another telemarketer? Th |
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