CUSTOMER LOYALTY SHOULD NOT HAVE AN EXPIRATION DATE

It’s well recognized amongst all business owners that it cost more money to find new customers than to keep the customers we already have while trying to attract more clients to climb aboard our growing organizations. No matter how we try to dazzle, the golden rule of presenting the best product and doing it right, continues to successfully align our future for growth and success.

The ultimate satisfaction for customers is receiving the best product at a reasonable and competitive cost. We must strive to deliver all that we have promised on our websites, in our flyers, and on social media. To add to the best product or service we can supply, can we then deliver more? How do we step out of the box to help our customers realize the extra mile is what we are anxious to provide? Most of us have experienced customer service at its best and its worst. I treasure the shoe store where the salesperson knows me by name, knows what I like, and sends me a quick email when new merchandise comes into the store. And when I get a moment and arrive at the boutique, I am greeted with a big smile by my name and can always be assured the best is yet to come.

Now on the other side of the customer service grid lies the company only interested in viewing me as a dollar sign. “Look around, and if there’s anything we can help you with, just holler,” was the only interaction I received after having been in the store for 15 minutes. Those were the words the salesperson uttered as she looked up from the customer she was assisting seemingly annoyed; as if I was going to interfere with her lunch break.

Studies have shown that retail and restaurant customers will spend 40% more if the service provided is outstanding, so everyday we as business owners, should try to do better. Understanding their reality and adapting our programs, efforts, and products to enrich our customers lives show how we value each person.

Here are the Golden Rule suggestions of showing customers how much we value their business:

• Treat all customers equally. Of course, some customers may spend more than others, but the referrals are what help us to succeed and grow. One never knows who just might walk into your store one day or call upon you for your expert services.
• Value each customer and make everyone’s experience as efficient and as pleasant as possible.
• Appreciate people and show them your appreciation by being on time, listening, acknowledging them as they walk into your store even if you are with another client, be polite and smile, and be well informed.
• Have a process formulated to thank your customers; whether you send out personal thank-you notes, email appreciation letters, small gifts, or coupons for discounts on subsequent business.
• Use loyalty reward programs. Especially useful now during the holiday shopping season when customers are plentiful, plan something special for after the holidays when business slows. Take that time to work on customer retention.

Although it is human nature to cater to the top tier of our business customers, we must never forget that earning the trust and respect of everyone is what helps us to succeed.

Written by Krassi Genov