| When you think of growing your business or of increasing
your profits, do you immediately think of finding new clients? If
so you are not alone.
Obviously if you are a start-up, bringing in new clients
is likely to be a preoccupation for you. However, StreetSmart Marketers
know that bringing in new customers is a most time consuming
and expensive way for any organization to increase their profits. They
look for ways to grow without spending gobs of money on expensive
marketing campaigns.
Their first focus is on maximizing their customer
database. They know that the database consists of new prospects
not yet sold, existing customers to whom you can sell more and past
customers who are not currently buying from you, plus a certain
number of incorrect records.
The names of those people who you haven't serviced
or sold to in the last few years represent one of your most valuable
assets and an almost instant path to sales.
Many of us wrongly assume that past customers no longer
buy from us because we have upset them in some way, however
many customers stop buying for other reasons:
- Their needs changed and they haven't thought about
you as a supplier for their current needs
- They forgot about you
- They are busy and haven't gotten round to contacting
you
- They are simply procrastinating
- They think they can’t afford what you sell
There are as many reasons as there are clients, but each
group represents a path to immediate sales. Each issue will
require a slightly different approach, so you should experiment
with a variety of different approaches to bring them in. Try writing
letters with interesting offers to bring them back, try following
up with individual telephone calls to each lapsed client. When you
find a way that works keep repeating it.
One key to getting a great response from these kinds
of letters and calls is intimacy. I believe it is one of the most
overlooked strategies in not only professional services marketing
but all marketing. So whatever you say or write, build caring
into your promotional activities and materials. Make sure that your
USP (Unique Selling Proposition) figures prominently.
If you build caring into your marketing over time,
by using personal language such as gentle, kind and caring
you will build empathy with your clients and this will result in
long term loyalty. Long term loyalty is the best source of
profit I know.
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