Proven Methods of Customer Business Retention

January 2nd, 2010 by Bob & Carole Gardner Leave a reply »

It is accepted business retention wisdom that a returning customer (or a working recruit) is the best kind. In a competitive market where people have so many choices, customers who keep ordering and/or working to duplicate their efforts, indicate that they are satisfied with their initial purchase or home business decision and that they trust you.

Trust is an invaluable component in any home business retention relation.

If maintained and nurtured, is an assured asset which will yield returns over and over again. If you are running a Network Marketing Business it’s crucial that you do what you can to lead your customers or recruits to success and that they are happy with the products they purchase.

So an important part of home business retention for your existing customers is to keep them thinking of their business.

You cannot afford to neglect or ignore them at any stage if you want them to stick with you. You have to make provisions for free trainings etc. and make arrangements for keeping them informed to sustain their interest and improving customer satisfaction.

It is easy if your customers come through Internet campaigns, because you can then use email lists to keep them informed, interested and ordering on a regular basis. But, in the more traditional brick and mortar world, this is a bit more taxing and cumbersome. You may have to invest in print or media ads and direct mailings, this is one of the best customer retention strategies.

If you use only email, you need to be especially careful and make sure that you are providing your potential customers sufficient reason to continue being on your list. You could try and make available to them significant information about their interests and preferred topics. If you are able to bring them to your website through your email, you could introduce them to other products and offers.

Business retention is to connect with your customers and make records about their interests, wants and preferences.

You can then provide customized training and information for their guaranteed success and satisfaction. This will keep them motivated.

Another simple and effective way to build business retention is to send them e-cards or greeting cards containing a simple expression of your appreciation for them. Make them feel special and help them understand how they can benefit by staying active in your program.

The advantage of greeting cards is that they are more discreet  and more personal and warmer.  Things that your customer may remember you by that we called customer business retention.

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5 comments

  1. Customer retention is the idea of making a point to maintain a long term relationship with your clients and listening to what they need from your product and/or service.

    Service after the sale is critical in the ongoing success and growth of your business. Your happy customers will become your advocate and bring more to your door. Those that speak highly of your services and products will do more for your bottom line than the best sales person.
    Implementing a client retention program is a key strategy that each and every CEO should institute. This may include the following areas:

    • Customer User Groups
    • Periodic Surveys
    • Review of Support tickets to identify patterns and business opportunities
    • Focus Groups to discuss future product direction
    • Social Networking or Blog management

    http://myprvideo.com/retention-customer-ideas/

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  3. awesome post thanks for that

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