Wednesday, 14 September 2016

Creating a Customer vs. Making a Sale

Image courtesy of www.shutterstock.com




So the aim of your company’s marketing communications programme should be to define your brand, identify new markets, generate leads, secure and increase sales and of course, build great customer relationships.  How do you build lasting relationships with the new kind of customer who is smart, in-tuned with technology and who has the power to share their opinions any and everywhere? Well, the emphasis must be placed on creating customers rather than just making a sale.

The fact is that today’s businesses are built on customer loyalty.  A satisfied customer is one of the best assets to your business.  That customer is not afraid to share his positive experience with other potential customers as well as provide you with suggestions as to how you can make the customer experience even greater.   

As a startup, you must recognize that consumers are more discerning in their tastes and more importantly they now have access to multiple channels through which they can access the same products and services at much better prices from other companies that are willing to go above and beyond to satisfy their needs.

It therefore follows that in order for your business to survive in today’s market; it must be customer-centred.  A customer centred business will identify what the customer wants, find a way to get it to them at the cost that they’re willing to pay and provide that product in a timely manner.    

This is a persistent challenge for online businesses in particular as they have to constantly keep ahead of the curve in order to meet customer needs.   Features such as 24/7 live customer service contact and the offer free two-way shipping are just two of the ways that these businesses keep their customers fully engaged. 

Likewise offline businesses engage in activities such as customer rewards programmes, loyalty discounts and customer referral programmes to get and keep clients.  Companies also utilize other elements of their marketing programme such as their corporate social responsibility initiatives and sponsorships to endear customers to them.

So while the most important reason for starting a business is to make money; building lasting customer relationships will ensure that continuously increasing revenue is a constant in the business.

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