Every
business needs new customers for business growth but the easiest source of new
revenue is with you that mean customers who already know your company and they have
already purchased a product from you that are existing customers.
Mere Customer acquisition is not enough customer retention is also
important.Growing Companies have good customer retention as they retain their
existing customers with good customer service and continue to sell.Post COVID companies
are realizing the importance of retaining customers for sustaining and increasing
their business. Customers with great purchasing experiences that is feel
good factor are most likely to buy from the same company again. The businesses
who focus on investing in customer retention, earn huge profit
Implementing
an effective customer marketing strategy helps
you to identify, track, and sell your product to more customers who generate
long term revenue for the business.
This article will explain about unique customer retention
strategies and why a SalesFundaa CRM system is the right fit for you.
Communicate customer expectations clearly
Different customers have distinct expectations. You need
to communicate what you can do and what you cannot at the earliest. Some
customers expect to receive special treatment for the expensive price they have
paid for the purchase of the product.
Maintain Transparency
Transparency is the most important quality of a good
customer retention strategy. If you give the customer with periodic reports regarding
what the team’s new innovation in products and services, what opportunities lie
ahead, the number of leads generated, expected ROI, etc., then customers will
not say goodbye.
Focus on positives
Generally,we remember bad things more than good because
it ensures our survival. But this can destroy your customer retention strategy
completely. To increase customer retention, it’s important to focus more on
your successes than on failures. While dealing with your clients, do not
communicate too much because if you miss a deadline or fail to deliver customer
expectations, the customer will remember it for a lifetime. People who
have a bad experience will share it with their personal or professional
network.This will hamper the goodwill of the company.
Take prompt action on customer feedback
You
have a golden opportunity to improve your offering and customer satisfaction
rates just by taking prompt action on the customer’s feedback like
customer service, product quality, to improve business.
Understanding why your customers leave your company is
imperative to frame a good customer retention strategy. For this, you should
send customer feedback forms to your clients periodically. It will help you
know what they think about your products, how you can improve your services,
and also why they have decided not to buy from you. The earlier you recognize
this, the better your customer retention strategy will be.
Better re-conversion rates
Existing
customers have already purchased a product from you, so if they are happy with
the product and customer service, they will buy from you again. You’ve already put
efforts to build trust, and confidence in your product, and good customer
relationship them, which makes it easier to identify their business need work
for the achievement of the same.
Customer retention is an important management aspect
of the business that will help you create loyal customers. They will prefer
buying from you thus, ensuring a regular cash-flow and good word-of-mouth. This
is where we can help. SalesFundaa Software we are home to a world-class CRM system that
will allow you to frame excellent customer retention strategies to increase
customer.
·
Target customers with special offers.
Your current existing customers are maybe in a
position to buy your new offer, so make them feel valued by launching special
offers for them without making a loss to yourself. Arrange online meetings with
them and inform them about your new development and take prompt action on
customer feedback.
·
Reward your most profitable
customers.
Everyone likes to be valued and recognized
for their contributions; your customers areno exception for the same.Always
remember to feature your customer who truly helped to grow your business on
your website, social media, or in your next, highlight in-office board.Take valuable feedback from the
customer and make improvement in that and invite them for special events.
·
Personalize your follow-ups
Personalize
your follow-ups with customers by sending by greeting the customer, follow-up
in two weeks, communicate well ask for a referral, value customer feedback; try
for cross-selling of the product.
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