Keeping customers
Attracting
customers is traditional marketing. It includes everything
from your location, advertising, promotions and appearance
to word of mouth. Serving customers includes your
product, quality, service, reliability and everything
tangible a customer sees in your operation. It is
your
operational reality. If your operational reality is
not excellent then your business will fail.
Keeping
customers is the challenge that seems to change constantly.
Keeping customers years ago meant having the best
product. Most businesses today make or sell a product
that can be purchased elsewhere, especially with access
to the world market through the Internet which made
that
strategy obsolete.
Subsequently
the requirement to keep customers has changed to focus
on service. Companies fall over each other trying
to improve customer service and increase the value
a customer receives. Keeping customers changed a few
years ago with entertainment as the way to keep customers.
In our world of 104 channels on TV, video games, the
Internet etc., entertainment is no longer unique,
memorable or even different. Marketing people go crazy
trying to find unique aspects of a business on which
to launch a successful campaign because everyone is
offering great service.
The
key to success today still is in keeping customers.
Keeping customers is now about developing a relationship,
not just supplying a product, service or entertainment.
The only thing you can't get on the intent, TV or
by opening your wallet is a relationship. Relationship
marketing, selling AND nurturing is the only way to
succeed today in small business short of developing
a Wal-Mart system
of driving suppliers to near bankruptcy levels to
compete on price. It is the only viable way to differentiate
your company in the market.
That
means traditional marketing is replaced by relationship
building. Selling is about building and nurturing
the relationship. Customer service means treating
customers as you would friends. And nurturing the
relationship means using today's technology to stay
in touch and be there for your customers. One reason
that business is getting more complex and difficult
is that we keep adding new ways to compete. We never
leave the old ways of excellent product, dynamite
service or catchy entertainment behind; they just
get so common they are meaningless. They only have
meaning
if you don't do them!
I
like the commercial where a woman is going nuts over
a kid playing soccer. The viewer finds out the mother
is quietly sitting on the sideline while her financial
planner is actively nurturing the relationship. The
old adage that people buy from people they like was
never truer than today.
We
work with clients to lower the marketing budget and
start a relationship budget. Winning@Business™
requires building the relationship inside and outside
of the company that leads to success. As business
success gets more complex, new ways to organize, manage
and lead your company are required.