Friday, November 20, 2009

10 tips to build consumer loyalty

Good evening all, today i would like to publish about some useful business rules.
in my mind, the key to a successful business is a steady customer base.

After all, successful businesses typically see 80 percent of their business come from 20 percent of their customers. Too many businesses neglect this loyal customer base in pursuit of new customers. However, since the cost to attract new customers is significantly more than to maintain your relationship with existing ones, your efforts toward building customer loyalty will certainly payoff.
Here are ten ways to build customer loyalty:

1. Communicate. Whether it is an email newsletter, monthly flier, a reminder card for a tune up, or a holiday greeting card, reach out to your steady customers.
2. Customer Service. Go the extra distance and meet customer needs. Train the staff to do the same. Customers remember being treated well.
3. Employee Loyalty. Loyalty works from the top down. If you are loyal to your employees, they will feel positively about their jobs and pass that loyalty along to your customers.
4. Employee Training. Train employees in the manner that you want them to interact with customers. Empower employees to make decisions that benefit the customer.

5. Customer Incentives. Give customers a reason to return to your business. For instance, because children outgrow shoes quickly, the owner of a children’s shoe store might offer a card that makes the tenth pair of shoes half price. Likewise, a dentist may give a free cleaning to anyone who has seen him regularly for five years.

6. Product Awareness. Know what your steady patrons purchase and keep these items in stock. Add other products and/or services that accompany or compliment the products that your regular customers buy regularly. And make sure that your staff understands everything they can about your products.

7. Reliability. If you say a purchase will arrive on Wednesday, deliver it on Wednesday. Be reliable. If something goes wrong, let customers know immediately and compensate them for their inconvenience.

8. Be Flexible. Try to solve customer problems or complaints to the best of your ability. Excuses — such as "That's our policy" — will lose more customers then setting the store on fire. Read our 60-Second Guide to Managing Upset Customers for more information.

9. People over Technology. The harder it is for a customer to speak to a human being when he or she has a problem, the less likely it is that you will see that customer again.

10. Know Their Names. Remember the theme song to the television show Cheers? Get to know the names of regular customers or at least recognize their faces.

2 comments:

Unknown said...

You mentioned it only briefly, but our customers always say they're impressed when we send greeting cards. If you can do a handwritten card it goes a LONG way with customers. No one hand writes anything anymore. It’s a great touch and it helps keep our business at top-of-mind. I use Hallmark's hallmark.businessgreetings.com, but I'm sure there are tons of sites out there. Great post all around, btw! I think #4 is the problem I run into the most as a customer.

Unknown said...

As part of a independant retail
organisation we have just embarked on measuring our customer loyalty using the net promoter score. Just wandering if anyone else has experience using this measurement.
I think the 10 tips are great, and essential for building loyalty.