To Companies Who Need to Retain Existing Customers
This Advice Is Critical In Discovering How Not To Lose Them
Having great customers today does not mean you
will have them tomorrow. Your customers continually evaluate the
benefits they get from you, relative to what they feel they may
get from your competition. If their evaluation is positive they
remain, if negative they defect.
In most companies 20 percent of the customers produce 80 percent
of the revenue, and so developing strategies to retain customers is
a critical component of a strategic marketing plan. Yet, many
companies consider customer retention as something outside the boundaries
of marketing, and so this essential strategy often receives only
a very small portion of the marketing departments attention. We feel
this attitude is suicidal and we counsel against it.
When a major customer defects, you immediately realize how much this loss of revenue hurts you, and is being enjoyed by your more
marketing savvy competition. Often it takes an incredible amount
of additional time and resources to just get back to where you were.
Research shows that the loss of a customer is usually not due to
a single catastrophic event, but to a cumulative series of things
done wrong. You cannot expect these day to day steps to be intuitively carried out by your staff. Rather you must put in place a customer retention program that trains your staff on the correct strategies and tactics to use and then you must implement and monitor this program and hold every person in your company accountable for its success.
What Customer Retention Strategies Do:
- Improve relationship value drivers
used by customers to evaluate you
- Help you stay steps ahead of your competition
in delivering value
- Discovers your customers everyday
experiences with your company
- Puts in place technologies that keep customers loyal
Our customer retention strategies are designed to help you understand and embrace the secrets of a customer retention program that works, and works amazingly well. The result for your company is recurring revenue and profits that serve as the lifeblood of your organization.
We encourage you to discover more about how we can help you develop a commanding customer retention program. What could be better than having loyal customers that consistently produce recurring revenues and unsolicited referrals for years to come.
Let us help show you the best strategies and tactics to use to accomplish
this very important goal. It’s
Your Move!
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