Effective communication is the cornerstone of ANY relationship, whether personal or professional. That means effective communication with your customers is paramount if you want to be successful. Loyal customers come from building a real relationship with them, not just providing them with one-offs. How do you create that relationship? By providing them with something of value, which will prove to be profitable for you in the long run.
The way to accomplish this is pretty straightforward.
First of all you need to know the value each of your clients. This may sound a bit harsh, but to be successful, you must determine which of your clients provides you with the best return on your investment in order to prioritize your marketing and communications programs with all your clients.
Your customers will generally your customers will fall into one of three categories; high value, medium value, or low value.
Your high value customers are most likely your repeat clients, and will generate the most revenue for you. These are the customers you want to keep in regular contact with, and provide them with some extra value from time to time, in order to keep them as lifetime customers. Medium value customers are often those clients who are currently a very profitable customer who, with proper care and communication, could very likely become a high value client. Read more “How to Effectively Communicate With Your Current Customers”