Sunday, 20 March 2016
Keep Your Customers Coming Back For More
Anyone in business surely has learned the importance of making sure their customers keep coming back for more. No matter how many times you have heard it said that 80% of your business comes from 20% of your customers, it never hurts to hear it again (and again, and again!). This means that it is extremely important to keep this "20%" happy enough that they keep coming back for more, and it is important to convert new customers into repeat users! One area where a lot of businesses fail is by focusing too much on the new trying to get them in and trying to get them to come back. New customers are certainly important, but they are not your main source of profit, and so they should not be your first priority. There are several ways to keep your repeat customers happy, but the best way is to find out what they say! By getting to know your customers, you will get to know what their opinion is regarding your business. Find out what they like about the way you run things, and find out what they would like to see changed. A lot of large businesses avoid this step, thinking that it is impossible to get to know customers; and while this is true when it comes to getting to know them "individually," there are still such ways as customer surveys, customer service, and online response forms that will allow you to get to know what your customers are thinking. Once you have built a good foundation for keeping your current customers happy and loyal, you can begin to go after new customers. This is where advertising comes in handy, but the best way to keep these customers once they come to you is by creating loyalty! This is easy for small companies, as - again - you can get to know your customers as individuals, and your business will continue to grow! And if you are a large company, create a sense of familiarity and community with your new customers, and they will keep coming back. It is not difficult to make your business fail; but if you learn how to keep your customers coming back, it is also not difficult to succeed!
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