The Best Thing A Business Can Recycle

Recycling is a huge part of our culture now.  We recycle paper, plastics, metals, electronic equipment, the list goes on.  Recycling can be very very beneficial for a business.  The best thing a company can recycle is their customers.

Let me explain.  As a business owner you know that it takes a lot of work to get a customer to do business with you.  With almost any product or service available at the click of a mouse it’s a battle to get them in the door (or virtual door) let alone get them to come back.

So where do our customers go?

  • Approximately 1% of your customers will not return or refer others because they will die. Well you can’t stop that one!
  • Roughly 3% of your customers will move away and unless your a national chain you will lose that business also.
  • About 5% develop other friendships.  You may be the best realtor in town but if your customer marries another realtor your luck has run out.
  • Approximately 14% of your customers will leave because they are dissatisfied with the product.
  • Around 68% of your customers don’t come back because they perceive an attitude of indifference from you, they don’t feel appreciated. It’s the silent killer of your business. This is the single biggest reason why customers don’t come back. Often you don’t even know it’s happened.

So there you have it.  About 3/4 of your customers leave you because you have failed to show them that you appreciate their business.

Here’s the big question, and yes you already know the answer.  Is it less expensive and frustrating to try to get new customers to buy from you? or to simply recycle the ones you have and get them to come back?

Take a minute to send a card, give a gift or just tell them to their faces that you appreciate them doing business with you.  That simple thing will keep them coming back for a very long time.

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About The Author:

Mike Liddicoat is a Husband, Father, Speaker and the Sales & Marketing Director of AttaBoy! Solutions. His goal is to help businesses maintain relationships, ensure future business and acquire new referrals through appreciation marketing. Throughout this blog you can sign up for updates, news, special offers, discounts and more. So take a look around, leave a comment or two and enjoy.
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Resolve for a GREAT 2011

As we exit one year and enter another it is important that we look back at how our business has grown and evolved over these past 12 months.

If your business has grown and expanded as planned that is fantastic, I congratulate you.  If you failed to see the growth you had anticipated, don’t give up, simply reset those goals.  Take a hard look at what worked and what didn’t and make those course corrections.

It doesn’t matter if you are resetting goals or reaching for new ones, one thing that never changes is the fact that your customers want to be acknowledged and appreciated.  So what ever plan you are implementing be sure to incorporate a plan of appreciation.

Throughout the year take time and make plans to send thank you gifts to your customers.  A small gift, personal letter or email can make all the difference between a casual shopper and a loyal engaged customer.

Take the time to recognize your customers and show them appreciation for their business and they will be loyal and will be the best form of advertising you could ever ask for.

Make it a great year!
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About The Author:

Mike Liddicoat is a Husband, Father, Speaker and the Sales & Marketing Director of AttaBoy! Solutions. His goal is to help businesses maintain relationships, ensure future business and acquire new referrals through appreciation marketing. Throughout this blog you can sign up for updates, news, special offers, discounts and more. So take a look around, leave a comment or two and enjoy.
Contact Mike

PLEEEASE Come Back!

Often times we feel like we are begging our customers to do business with us.  And with companies who perform the same or similar  service as you  do being just a Google search away it’s easy to see why we feel we have to beg.

Well put your begging cup away because there are other options.  When you are desperately trying to keep your customers coming back you look exactly that way, desperate, and your customers can see that.

Instead of begging them just appreciate them.  Thank them when they enter and exit your business or, if your don’t have a physical location, whenever you speak to or meet with them.    Gather as much of their personal information as possible, name, address, email, phone number, birthday, etc.

When you have that information you can send them thank you emails or notes.  You can send special offers to them for their birthdays or anniversaries.  You can even send them  “Just thinking about you” emails and notes.

By simply showing your customers that you appreciate them through acknowledgment both verbally and physically, with gifts and notes you will create not only customers that come back to you but customers that send their friends and relatives to you.

After all everybody likes to get an attaboy sometimes.

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About The Author:

Mike Liddicoat is a Husband, Father, Speaker and the Sales & Marketing Director of AttaBoy! Solutions. His goal is to help businesses maintain relationships, ensure future business and acquire new referrals through appreciation marketing. Throughout this blog you can sign up for updates, news, special offers, discounts and more. So take a look around, leave a comment or two and enjoy.
Contact Mike

Customers Creating Customers

Many business owners and managers think that the only reason that their business exists is to offer a product or service to their customers at a fair and competitive price.  And while that is in  fact true, your job is also to create customers to buy those products.

But getting customers in the door to spend money is just half of the battle.  The real goal is to get your customers to be happy enough with you that not only do they come back, but that they create more customers for you.  You need to create customers who create customers.

So how do you get customers to come back and bring friends and family?

First, stay in touch with your customers.  Newsletters, personal emails or cards, questionnaires or a simple phone call.  Personal emails or cards, I feel, are the best.  Having customers fill out questionnaires either in your store or on email is fantastic.  What better way to find out what your customers want than to ask them?  Personal phone calls can be a challenge with todays lists of  phone call opt-outs, however there are professional companies that can make those call for you.

The second way is using gifts.  Everyone like to receive a gift and sending personal gifts to your customers makes you stand out from your competition.  I don’t recommend sending out discounts to your store, instead offer a complimentary gift with no strings attached or a physical gift sent to their home.

Third, simply ask for referrals.  Let your customers know that you appreciate referrals and if they are happy with your service you would like them to tell their friends and family.

Another great way to get feedback from and stay in touch with your customers is social media, ie; Facebook, Twitter, etc.  Having a fan page, posting special promotions or customer surveys can be done easily and inexpensively through social media.  If your not using it you are missing the boat.

There are many ways to keep your finger on the pulse of what your customers want and expect and in doing so you will keep them happy and in turn they will tell everyone about you.

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About The Author:

Mike Liddicoat is a Husband, Father, Speaker and the Sales & Marketing Director of AttaBoy! Solutions. His goal is to help businesses maintain relationships, ensure future business and acquire new referrals through appreciation marketing. Throughout this blog you can sign up for updates, news, special offers, discounts and more. So take a look around, leave a comment or two and enjoy.
Contact Mike

Customers Wanted

Almost every business owner or manager will tell you that having loyal customers is the key to a successful business.  If that’s true then what are they doing to keep those customers coming back?

Most will tell you that they send emails or newsletters on a regular basis to keep in touch.  Others will say that they use a discount program to show their appreciation.

It’s not to say that these are bad things but they are not enough.  To create loyalty and get your customer engaged with you takes effort and planning.  Creating strong relationships is one of the most critical ways to retain more of your customers and grow your business faster because happy customers` will use you more and refer friends which will give you a tremendous competitive edge over your competitions.

Here are some statistics showing that challenges that businesses face today:

• Each year the average company loses 10-15% of its customer base
– Bain & Company
• “84% of customers who leave, do so because of poor service”
– Forum Corp
• “A typical business only hears from 4% of its dissatisfied customers—the other 96% leave, 91% for good”
– Jim Barnes, “Secrets of CRM”

By understanding why your customers are leaving you and how you can retain them is priceless information.  The best way to find out what they want is to ask them, read the article ” You Just Need To Ask ” 11/19/2010

The sooner you know what makes your customers tick, the sooner you can begin to cultivate a strong and long lasting relationship to keep your business alive in any economy.

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About The Author:

Mike Liddicoat is a Husband, Father, Speaker and the Sales & Marketing Director of AttaBoy! Solutions. His goal is to help businesses maintain relationships, ensure future business and acquire new referrals through appreciation marketing. Throughout this blog you can sign up for updates, news, special offers, discounts and more. So take a look around, leave a comment or two and enjoy.
Contact Mike

Gift Giving for Dummies

When it comes time to get a gift for a family member or friend how do you decide what to get.  Well you take into consideration their likes and dislikes, hobbies or interests.

You choose something that, based on your intimate knowledge of them, you know they will enjoy.

But what about when it comes to business gifts?  How do you make a good choice when you may not know that much personal information about your recipient?  One way is to guess.  Get a gift and hope for the best.  However, you may not get them a memorable gift or a gift they can use.  It might just be something they will toss away or give to somebody else.

The best  choice for a gift is one that the recipient makes for themselves.  But how do you do that?

Easy!  Our Gift Collections make giving business gifts and incentives easy by offering the Gift of Choice. With these collections, recipients choose their own gift from a wide selection of top-quality, brand-name merchandise by redeeming them online. It’s the perfect solution for small to mid-size businesses – and virtually every budget, occasion, and event!

How do they work?

It’s simple and convenient for your business. You just:

1. CHOOSE the budget range you want to stay within.
2. BUY a Gift Collection on line or from your sales associate.
3. GIVE the gift to the recipient to redeem for their perfect gift!

Then, the recipient:

1. DISCOVERS and browses their Gift Collection online.
2. SELECTS the perfect gift from the many name-brand items.
3. RECEIVES the gift shipped right to their door, free of charge.

Here are some occasions when these Gift Collections work amazingly well:

• Sales incentives
• Holidays
• Employee weddings/new baby
• Customer thank you
• New customer welcome
• Corporate events
• Promotions
• Service awards
• Employee acknowledgment
• Safety awards

Here is what these Gift Collections can do for your business?

They can be given to employees, co-workers, supervisors, managers, customers, business associates, and service providers to help:

• Increase productivity
• Generate sales increases
• Improve morale
• Strengthen employee performance
• Create a safer workplace
• Inspire great ideas and suggestions
• Develop loyalty and dedication
• Enhance work environment

Why give these Gift Collections?

Well they have been rewarding, motivating, and inspiring employees and customers for nearly 40 years, and they are trusted by businesses because they offer:

• 180-day Satisfaction Guarantee
• Easy online redemption
• Popular brand-name gifts
• No minimum order required
• Monetary value not displayed to recipient
• Saves the time and expense of shopping for gifts

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About The Author:

Mike Liddicoat is a Husband, Father, Speaker and the Sales & Marketing Director of AttaBoy! Solutions. His goal is to help businesses maintain relationships, ensure future business and acquire new referrals through appreciation marketing. Throughout this blog you can sign up for updates, news, special offers, discounts and more. So take a look around, leave a comment or two and enjoy.
Contact Mike
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