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The Most Important Part of Your Business
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| Guest post by: Danny Brown |
Article Overview: If I asked you the most important part of your business, what would you say? PR? Marketing? Perhaps advertising or sales? Now what if I said they’re all irrelevant? What if I said you don’t need sales to be successful?
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Free Download - Sorry, Social Media, But Marketing Is Still Cool By Danny Brown |
The Most Important Part of Your Business
If I asked you the most important part of your business, what would you say? PR? Marketing? Perhaps advertising or sales?
Now what if I said they're all irrelevant? What if I said you don't need sales to be successful? You'd probably say (fairly sarcastically), "Why not just hand my business over to my competitors while I'm at it?".
And you'd be right - if I were serious.
Of course PR, marketing, advertising and sales are relevant, and hugely important parts of your business. But they're not the most important part.
"But they're the ones that bring the customers and make money, and money equals profits!" you might say. And again, you'd be right. But take a look at that sentence again.
"Customers... make money and money equals profits."
That's both sets of customers, new and existing. So why are so many businesses concentrating on the new and forgetting about the existing? Is the mindset, "Well, they've stuck with us so far, they must be happy"? If it is, be prepared for a wake-up call.
Just because a customer has stuck with you doesn't mean they're satisfied. They may be tied into a contract or they may feel it's too much effort at the minute to find a new vendor. But satisfied? Not necessarily.
Be Vocal
Have you asked them lately how they're feeling? Have you asked how you can improve your service (don't fall into the trap that your service has reached its plateau - nobody's that good)? You do have ways of asking these questions, don't you? If you're not sure, ask yourself the following:
As important as your sales team is, or your marketing team, or your PR team or your advertising team - as important as all these elements are to your business's success, they all cost money.
Your customers, on the other hand? A happy customer is your sales, PR, marketing and advertising teams rolled into one. Your most loyal employee. Your most vocal supporter - and they don't take wages from you. So look after them.
Be Pro-Active
If you collect contact information, use it. Call your customer up and ask how they're finding their time with you. Ask how you can improve and what you can do to make their lives easier when shopping with you.
Don't collect information initially? Fine - have a feedback form on your site and have that (or a customer feedback phone number) printed on your receipt. Encourage interaction and communication.
Or, if you have a Twitter account, have "Don't forget to tweet about us on Twitter" printed on your receipt and then monitor your mentions. And this works both ways - you can salvage a negative impression immediately or emphasize a positive one.
Start a forum on your website where customers can chat with each other about how you're doing, and how you can improve. Involve your employees throughout the company on the forum, and talk to your customers like human beings instead of just sales figures. Sure, you can advise on what employee can say what, but at least offer the voice to open up to and converse with.
The key thing is, sales and marketing and the rest of the new business team is exactly that - new business. And you absolutely need that. But you also need existing business to build on and let you have the means to go after the new. Your customers - and by association, your customer service - are the real profit makers.
Isn't it about time you treated them accordingly?
Related ArticlesAnd you'd be right - if I were serious.
Of course PR, marketing, advertising and sales are relevant, and hugely important parts of your business. But they're not the most important part.
"But they're the ones that bring the customers and make money, and money equals profits!" you might say. And again, you'd be right. But take a look at that sentence again.
"Customers... make money and money equals profits."
That's both sets of customers, new and existing. So why are so many businesses concentrating on the new and forgetting about the existing? Is the mindset, "Well, they've stuck with us so far, they must be happy"? If it is, be prepared for a wake-up call.
Just because a customer has stuck with you doesn't mean they're satisfied. They may be tied into a contract or they may feel it's too much effort at the minute to find a new vendor. But satisfied? Not necessarily.
Be Vocal
Have you asked them lately how they're feeling? Have you asked how you can improve your service (don't fall into the trap that your service has reached its plateau - nobody's that good)? You do have ways of asking these questions, don't you? If you're not sure, ask yourself the following:
- Do you have a customer feedback form on your website?
- Do you have a proactive approach at asking your customers what they're thinking?
- Do you collect your customer details and use that information to personalize your relationship?
- Do you have some form of customer service performance in place?
As important as your sales team is, or your marketing team, or your PR team or your advertising team - as important as all these elements are to your business's success, they all cost money.
Your customers, on the other hand? A happy customer is your sales, PR, marketing and advertising teams rolled into one. Your most loyal employee. Your most vocal supporter - and they don't take wages from you. So look after them.
Be Pro-Active
If you collect contact information, use it. Call your customer up and ask how they're finding their time with you. Ask how you can improve and what you can do to make their lives easier when shopping with you.
Don't collect information initially? Fine - have a feedback form on your site and have that (or a customer feedback phone number) printed on your receipt. Encourage interaction and communication.
Or, if you have a Twitter account, have "Don't forget to tweet about us on Twitter" printed on your receipt and then monitor your mentions. And this works both ways - you can salvage a negative impression immediately or emphasize a positive one.
Start a forum on your website where customers can chat with each other about how you're doing, and how you can improve. Involve your employees throughout the company on the forum, and talk to your customers like human beings instead of just sales figures. Sure, you can advise on what employee can say what, but at least offer the voice to open up to and converse with.
The key thing is, sales and marketing and the rest of the new business team is exactly that - new business. And you absolutely need that. But you also need existing business to build on and let you have the means to go after the new. Your customers - and by association, your customer service - are the real profit makers.
Isn't it about time you treated them accordingly?
Article Tags: customers, important business, pr marketing, retention
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About the Author: Danny Brown RSS for Danny's articles - Visit Danny's website Co-founder and partner at Bonsai Interactive Marketing, a full service marketing agency offering integrated, social media and mobile marketing solutions and applications. I'm also the founder of the 12for12k Challenge, a community-driven social media charity initiative to connect globally and help locally that's raised over $100,000 since inception in 2009. My blog is featured in the AdAge Power 150 list as well as Canada’s Top 50 Marketing Blogs, and won the Hive Award for Best Social Media Blog at the 2010 South by South West festival. It's also syndicated by the Social Media Today, Social Media Informer, WebProNews and Newstex business networks. I've worked with some of the biggest companies in technology, digital and consumer markets, including RIM, British Telecom, Orange, Microsoft Canada, IBM, Ford Canada, FedEX, Scotiabank, Vodafone, Dell and LG Electronics, as well as solo entrepreneurs and SME's. I've spoken at TEDx and am regularly quoted in publications and news media, including Marketing Magazine, Canadian Marketing Association, Fast Company Magazine and City News Toronto. Click here to visit Danny's website From Stats to Strats |
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