If your long-term customers are leaving--and not coming back--you're probably making one of these mistakes.
Your most profitable customers are almost always long-term customers. Don’t lose them by making any of the following mistakes:
1. Change too many players. It’s tempting to assume long-term customers love your brand. More often than not they love your employees.
Customers don’t buy from companies. They buy from people—your people.
Since relationships are the lifeblood of a small business, don't
rotate salespeople, customer service reps, or key contacts unless you
have to. Do everything possible to protect and foster the relationships
your employees forge. Employees are rarely interchangeable where strong
business relationships with customers are concerned.
2. Treat new and existing customers too differently.
Offering discounts or incentives to land new customers is often
necessary, but existing customers can quickly resent the fact their
loyalty is not rewarded.
Think hard about the carrots you offer new customers and make sure
you “reward” existing customers just as much—if not more. Never forget
that while new customers create an immediate top-line impact, sales to
existing customers typically result in a bigger impact on your bottom
line.
3. Focus too heavily on price. Being the low-cost provider is a definite competitive advantage.
Good luck maintaining that advantage. Somewhere, someone is planning to steal your customers through lower prices.
Your goal is to provide the best value. Value is an advantage you can
maintain through a combination of price, schedule, service, and
relationships. If your marketing focuses mostly on price you'll train
customers to constantly look for a lower price, both from you and your
competition.
Spend at least as much time finding ways to increase value as you do finding ways to lower costs and prices.
4. Push too hard to grow same-customer revenue. Trying to sell
more to existing customers is smart, but don't do so blindly. First
know what each customer needs and only then try to meet those needs.
Never suggest a product or service a customer doesn't need.
And never ask, “Is there anything else we could do for you?” unless
you already know the answer and are ready to provide a great solution.
Otherwise you're just pushing, and customers hate being pushed.
5. Accept high employee turnover. While high turnover is a fact of life in a few industries, in most cases employees leave because they aren't treated well.
So do customers.
Unless systems truly drive your business, you can’t expect to have
long-term customers unless you first have long-term employees. If
turnover is high, find ways to fix it. Otherwise customer turnover will
always be high, too.
6. Forget what keeps the lights on. Every business has
principal products or services that form the foundation of the business.
Every business also has key customers that form a foundation.
Over time key products and services—and key customers—can get taken
for granted while newer, sexier, higher profile initiatives get all the
focus.
Make a list of the customers you can't afford to lose. Then list what
those customers buy. That list is the foundation of your business.
Never forget what keeps your lights on.
7. Reward the wrong employee behaviors. This happens most
often in sales, like when commission rates are much higher for new
customers than existing customers. If that's the case and I'm a
salesman, why should I work to maintain existing accounts when I get
paid a lot more to find new ones? That approach only works if your
systems ensure someone else takes over the responsibility for forging
great relationships with existing customers.
Think about the incentives you provide and goals you set for your
employees, and make sure they encourage the outcomes you really want.
8. Make problem resolution painful. Policies and guidelines
are great for ensuring that employees comply, but a customer with a
problem doesn't care about your policies. She just wants her problem
fixed.
Let employees use complaint-resolution policies as guidelines rather
than rules. Give employees the freedom to make judgment calls.
Resolving a customer problem or complaint can help your business
establish an even stronger customer relationship when you give employees
the freedom to make that happen.
http://www.inc.com/jeff-haden/8-reasons-why-youre-losing-customers.html
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