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Why focus on relationship
marketing?
Customer relationships are the lifeblood of every good company.
Relationships between a company and their customers, distributors,
employees, referral sources, are vital to continued, sustained growth, and
stability. Loyal relationships with these valued individuals make for a
strong bottom line. So, why do so few companies focus of customer
relationship marketing? That's a great question, and probably the most
frequent answer is lack of understanding of the potential profits in keeping
existing customers happy versus constantly acquiring new ones.
When you consider that two-thirds of customers switch from one company to
another because of a perceived attitude of indifference from the former
company, it makes sense to focus as much attention on customer retention as
you do on customer acquisition. Don't be a victim of indifference. Develop a
good relationship marketing program that takes into consideration both
customer relationship marketing, and customer acquisition through
relationship marketing. With well-planned relationship marketing efforts,
like a greeting card campaign using our system, you can impact retention --
and that will impact the bottom line.
According to customer relationship management experts, companies can
increase revenue by 50% if they retain only 5% more of their customers.
Don't you want your share of that revenue? Our system is the way to put the
process of keeping those dollars on autopilot.
Solidify loyal relationships with your most valuable customers.
Business owners tend to be driven, both financially and philosophically, to
make cold calls, pursue new contacts, and acquire new customers. But often,
little thought is given to nurturing relationships with the customers they
already have. Given that acquiring a new customer can cost five times more
than retaining an existing one, this can be a costly approach.
Customers who are continuously courted, interacted with, and reminded of
your company's presence are less likely to go racing off when competitors
come calling. Making those customers feel recognized, known and appreciated
can go a long way toward locking up their loyalty. And, it's also a great
way to get them referring others.
Restore broken relationships and win back business.
Regardless of how effective your customer retention efforts are, some
relationships will inevitably break down. For various reasons, certain
customers will suspend their relationship with you and your business. But
those relationships aren't lost. You can win back these once-valuable
customers.
Often times, repairing a broken relationship is more efficient than trying
to build one from scratch. But many companies make the mistake of attempting
to re-acquire lost customers in the same way that they acquire new ones. But
failing to use what you know about those past customers -- and what they
know about you -- to your advantage can cost you time and money. Our
automated greeting card system lets you minimize the potential for losing a
client or customer, and also streamlines the process of acquiring new ones,
all at a cost that cannot be matched in any other customer acquisition or
retention system. So, if you have not formulated a marketing plan that
includes a focus on relationship marketing with an automated tool like ours,
you owe it to yourself and to your business to try it out today.
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