Customer Intimacy
Customer Intimacy
What is Customer Intimacy?
Customer Intimacy is going beyond simply building a stronger relationship with your client base to seeking ways to build solid win-win relationships. It means finding COMPLETE solutions not partial ones, for your ideal clients. It means not reacting to every whim of the customer but becoming an indispensable partner. It means moving from a simple transactional mentality to an investor in the customer's success.
This is not a new concept, and certainly it has proven to work well in good times, as well. But when your marketing dollars are limited to begin with, and you see your market is shrinking, customer intimacy becomes THE KEY strategy to ensuring survival.
Why is it such a powerful technique?
Well for a start 1 in 3 market leading companies across a vast spectrum of industries have become prominent by focusing on this concept. Secondly it's proven to be WILDLY successful with small businesses. Finally it forces a smaller organization to focus on their profitable clients and attract more of them!
So how do you harness the power of customer intimacy?
The sky is the limit on how to embrace this powerful concept, so I suggest you do some reading to acquaint yourself with the many ways it can be utilized. Three superb resources are:
• Customer Intimacy, Fred Wiersema
• Hug Your Customers, Jack Mitchell
• Strategies of Market Leaders, Vadim Kotelnikov
In the meantime, here are some quick ideas:
1. Invite your best and most profitable customers for a group dinner or lunch with a good facilitator. Now ask them one question and let the facilitator do their magic. The question is, "if you ran my business as of today, what changes would you make?"
2. Look at your best and most profitable customers and see if there is some way you can help them strengthen their businesses. Do you know someone who might need their services? Do you know of a great resource or person that you could connect them with who could help them? Can you partner with them to strengthen both businesses?
3. Work with your customers to revamp your offerings. Is there a product you can add to a service offering or a service you can provide to a product offering that would make the package more powerful for your customer.
4. Is there an opportunity to educate or support your clients better so that they can get the most out of your product and service offerings?
This is a time to swing open the doors of communication, and I don't mean YOU speaking to your customers. This is the time to GET them to SPEAK to you and find ways to adapt better to their needs. Help them through these more challenging times. It could very well define your place in the market a year from now!
Customer Intimacy - To learn more about this author, visit Cidnee Stephen's Website.
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It's often said that good times can hide fundamental problems with a company. This might be everything from a high debt/equity ratio, to inferior products to poor customer service. Some of these problems are harder to fix than others, especially when the economy takes a turn for the worse. Therefore, it becomes important to focus on those activities that you will provide you with the best results. One key area that you can control, that also has proven to show significant results for small companies in leaner times is Customer Intimacy?
What is Customer Intimacy?
Customer Intimacy is going beyond simply building a stronger relationship with your client base to seeking ways to build solid win-win relationships. It means finding COMPLETE solutions not partial ones, for your ideal clients. It means not reacting to every whim of the customer but becoming an indispensable partner. It means moving from a simple transactional mentality to an investor in the customer's success.
This is not a new concept, and certainly it has proven to work well in good times, as well. But when your marketing dollars are limited to begin with, and you see your market is shrinking, customer intimacy becomes THE KEY strategy to ensuring survival.
Why is it such a powerful technique?
Well for a start 1 in 3 market leading companies across a vast spectrum of industries have become prominent by focusing on this concept. Secondly it's proven to be WILDLY successful with small businesses. Finally it forces a smaller organization to focus on their profitable clients and attract more of them!
So how do you harness the power of customer intimacy?
The sky is the limit on how to embrace this powerful concept, so I suggest you do some reading to acquaint yourself with the many ways it can be utilized. Three superb resources are:
• Customer Intimacy, Fred Wiersema
• Hug Your Customers, Jack Mitchell
• Strategies of Market Leaders, Vadim Kotelnikov
In the meantime, here are some quick ideas:
1. Invite your best and most profitable customers for a group dinner or lunch with a good facilitator. Now ask them one question and let the facilitator do their magic. The question is, "if you ran my business as of today, what changes would you make?"
2. Look at your best and most profitable customers and see if there is some way you can help them strengthen their businesses. Do you know someone who might need their services? Do you know of a great resource or person that you could connect them with who could help them? Can you partner with them to strengthen both businesses?
3. Work with your customers to revamp your offerings. Is there a product you can add to a service offering or a service you can provide to a product offering that would make the package more powerful for your customer.
4. Is there an opportunity to educate or support your clients better so that they can get the most out of your product and service offerings?
This is a time to swing open the doors of communication, and I don't mean YOU speaking to your customers. This is the time to GET them to SPEAK to you and find ways to adapt better to their needs. Help them through these more challenging times. It could very well define your place in the market a year from now!
Customer Intimacy - To learn more about this author, visit Cidnee Stephen's Website.
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David AchesonDavid Acheson is the founder of DCJA Consultancy. DCJA Consultancy is a management consultancy business specialising in B2B sales consultancy. They offer bespoke and packaged sales consultancy including Sales Optimisation Review, Interim Sales Management, Sales & Marketing Review, 1:1 Sales & Management Staff Analysis, Management Training, Solution Sales Training, Creation of New Pay Plan, KPI's, run Customer Feedback Campaigns, assist with Recruitment, Coaching, Appraisals and set up Strategic Marketing Campaigns. David spent his early career in accountancy and then moved into sales in 1982, working in Office Equipment, IT, Advertising, Training, Outsourcing and Consultancy. He has held many Senior Positions in SMBs and Global Organisations including Head of Sales Operations & Head of Business Development. His knowledge, skills and great experience of the Sales Industry has led to David making keynote speeches and running educational sessions to key businesses through organisations including The Chamber of Commerce and Business Link. - Visit David Acheson's Website |
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