Category: Customer Engagement

Are you Focused on your Customers?

On today’s episode of Solopreneur Success Strategies, it is all about the customer. Are you focused on your current customers?  Developing your customer retention rate can increase your bottom line easily. If you focus on your current customers rather than trying to get new customers ever day, you can recommend or upsell new products or services to your current customers.

It is 10X harder to acquire a new customer than to sell new products or services to your existing customers.  Connect and follow up with your current customers to make sure they are happy with your customer service or there are ways to improve your customer service.

By spending more time on your current customers, you can increase your profits without extra advertising.

For more on customer acquistion and retention, join The Business of At Home Business community at http://boahbtips.com/members. 

Conditioning Your Prospects and Customers

When you have prospects and customers, it’s important to stay in touch as often as possible. Get them on your email lists, segmented according to where they are in the buying cycle so that you can target your messages accordingly.

* Tell Them What to Expect – When someone buys from you or signs up for one of your email lists, send a thank you note with an explanation of what to expect from you in the future. How often will they hear from you? What about? Make some promises and assurances to them.

* Do What You Say You’ll Do – It’s very important that you do whatever you said you’d do. For example if you say you will send them a newsletter every Friday, send them a newsletter every single Friday. If you skip days or switch the days, they may be confused. A lot of people actually forget they signed up for a list and when you don’t stay active they will report you for spamming them.

* Remind Them of What You Said – Periodically, within other messages, be sure to remind your prospects and customers about your previous promises and assurances. This will help them remember who you are, and what you said. It will build more trust.

* Let Them Know When You Follow Through – When you do something you said you would do, tell them. “I told you I would send you an update on my xyz product, as promised, here it is.” This again, reinforces the point that you stick to your word and can be trusted.

* Ask Them for Input and Opinions – Once in a while invite your prospects and customers to submit their ideas and input. If you have a new product idea, tell them about it. Ask them what they think. Ask them what they’d pay for such a product or service. Ask them if they would like to see something from you that you’ve not delivered.

* Tease Them about New Products – Never pass up an opportunity to give them some hints and small bits of information about a new product, service or event. As you hint about it, make them really want it by explaining what’s in it for them.

* Thank Them for Buying – When someone buys something from you (or answers any call to action), be sure to thank them. The thank you is always a nice thing to do, plus it gives you just that little bit more real estate to give them more information about you and your products and/or services.

* Follow Up Regularly – Even after someone has purchased, and you’ve thanked them, it’s not over. It costs a lot less to create a repeat buyer than to turn a lead into a buyer. Cultivate your relationship with buyers even more consistently than you do leads and prospects.

Using the pattern of telling them what you’re going to tell them, tell them, and then tell them what you told them will do wonders for all your marketing. Most people need to hear things multiple times before it sinks in. The more you stick to your word and the more value you can provide your audience, the more they’ll look forward to whatever you offer them.

Expanding the Lifetime Value of Your Customer

You probably know that each customer has a lifetime value in business. This is called the CLV, customer lifetime value. It translates into the amount that you can earn on any one customer as they enter your product funnel. Understanding your CLV can help you determine how much you should spend on marketing, and also help you determine ways to expand your CLV.

* Become More Customer Centric – Customer service is one of the most important parts of any business. Even if you have the best products or services in the world, if your customer service is lacking you won’t last long. If you want repeat buyers, treat your customers with the importance they deserve.

* Build Targeted Upsells – With technology like LeadPages.net you can easily create an automated system to build upselling into the buying process. For example, you can do it in the shopping cart, or you can do it through follow-up emails.

* Create Logical Cross-Sells – A cross-sell is a just selling a different product to a current customer. It should relate to your audience, but it doesn’t have to relate to the first product that you sold them the same way an upsell does.

* Be Responsive – It’s imperative that you set up a system that makes you seem super responsive to your customers. Whether that is a ticketing system, a 48-hour answering policy, or open office hours doesn’t matter. But, you need to be perceived as very responsive to keep your customers happy.

* Over Deliver – Every product or service that you deliver should be better than the customer expects. The fact is, you won’t please everyone all the time, but you can shoot to over deliver. If a customer is unhappy, you can over deliver with your solution to fix their problem.

* Create a Referral Program – Let your customers earn money or points by recommending you to other people. Often, when people can earn enough money to support their buying habits, they’ll be more likely to spend money with you. It’s a win-win all the way around.

* Stay Connected – Find ways to stay connected with your audience, such as social media, email, teleseminars, and webinars. The more ways they can connect with you, the happier they’re going to be and the more your CLV will expand.

* Develop an Inner Circle – One way to expand your CLV is to provide a fee-based inner circle that certain customers can join. It can be on a private forum or even be run by Facebook. You can use a private Facebook group or create your own forum with native software.

Nothing is more important in your business than your customers. The more you can study what they need and find a way to deliver it to them, the longer they’ll stick with you. But, you have to keep creating products to keep those who’ve bought from you interested and wanting more. You also have to deliver exceptional service and quality so they get past the first product in your funnel.

How the Emotions of the Customer can affect the relationship with your business

The old way at looking at the customer business relationship was that the customer made the decision on whether they bought your product or service based on cold hard facts, features and benefits.

The emotions of the customer are playing in as a greater factor in purchase decision making than previously thought.

Behavioral economics has shown that rational decision-making accounts for approximately one-third of people’s decisions and behavior. Feelings influence engagement and engagement boosts sales, as engaged customers buy 90% more frequently and spend 60% more per transaction. by Unlock the Key to Customer Engagement with Virtual Reality

As new technology and our use of the internet is making how we connect more intimate with a business  (or more anonymous as “Fake News” and social media have no accountability for slander or negative reviews). A customer can instantly register a review on your business positive or negative depending on their experience in all of the social media platforms. They don’t have to pick up the phone to complain to an agent. A negative review can be spread 10x faster than a positive. 

According to Jay Baer in Forbes article, a business should respond to any complaint on social media whether true or untrue.

As (Jay) Baer puts it, “A lack of response is a response. It’s a response that says, ‘We don’t care about you very much.’ from the Forbes article Top 3 tips for acing customer service in the age of social media.

So what is a business to do to create the engagement and emotional connection that the customer wants? 

A few ways to engage and connect with your customer include:

1/ Connecting your business with an Influencer that your customer follows

customers

An oldie but a goodie is that  we, as customers, pay attention to the hero’s or heroines that we admire who tell us how wonderful is a new detergent soap or insurance company.

Today, we have new influencers we follow and some of them are celebrities but more often now, it can be influential people on social media that we follow and we pay attention to their recommendations. There are brands who pay celebrities to use and post an Instagram picture using the product now. There are brands who see the large engaged followers of a celebrity in the media and they offer a product line to them to create in that celebrity’s style.

The new pet lifestyle brand taps Ellen’s distinctive design sensibility and PetSmart’s pet know-how to create exciting new products for pet parents everywhere. by PetSmart Gets Big Customer Engagement Assist from Ellen DeGeneres

2/ Connect with their customers on social media

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Public Domain from pixabay

All you have to do is have a look at the Instagram accounts for Levi’s, Mercedes Benz with 8.1 million followers or Levi’s with 9.1 million followers or Ben and Jerry’s (benandjerry’s) with 600,000 followers and you can see how simple photos can still be engaging for any business.

If you can humanize your brand and products, and provide something for your customers to identify with, you are likely to build loyal fans. by How Customer Engagement Can Benefit Your Business – Due

3/ Have great responsive customer service

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Even a small business should have great customer service. A loyal customer will buy from you again and again if you provide a great experience.  Just something as simple as support@yourwebsite.com can be an easy way for a customer to connect to you on a personal level. I have discussed great customer service over on my youtube channel Solopreneur Success Strategies channel at http://jgtips.com/youtube if you want to get a few ideas.

4/Keep up to date on the new technology coming for customer business relationship

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For example, Virtual Reality technology is coming to the customer purchase experience according to this article (well worth looking at what is enterprise VR) as soon you’ll be able to view a product in a catalogue from all three sides, flip it over and measure it to see if it will fit etc. to answer all your questions on whether you need it. It is coming!

Enterprise VR empowers customers to interact with products and content in virtual reality and preview in 3D, touch, flip, and customize the products they are interested in. by Unlock the Key to Customer Engagement with Virtual Reality

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As well, how a business will communicate with a customer may change as text messaging becomes more acceptable as communication link to get questions answered or specials broadcast for the business.

An eWeek study revealed that 52% of consumers would be likely to exchange text with a live customer service agent and that the same number would actually prefer it to their existing channel of communication. by Increase Customer Engagement by Delivering Text-Generation Customer Service

To keep up to date on trends follow The Business of At Home Business

Understanding Customer-Centric Marketing

The entire idea behind customer-centric marketing stems from the fact that only customers make money for your business. Because of that, all marketing just like product development and content creating should place the focus on them instead of elsewhere. In order to learn to place the focus on the customer in marketing, it’s important to understand why.

1. Customers Bring All the Money to the Table – It seems like an obvious statement but sometimes companies forget the fact that the only way to make money is to get customers to buy. Customer-centric marketing always remembers this fact.

2. Repeat Customers Bring Most of the Money to the Table – Customer-centric marketing understands that 80 percent of all purchases are made by the same customers and remarkets to these customers via email lists.

3. Customers Can Be Divided in Segments – By segmenting customers into different groups based on various criteria such as demographics and where they found out about your products or which product they entered your product funnel with, you can increase repeat sales.

4. Is Focused on Individuals instead of Groups – The individual is important when it comes to customer-centric marketing. This is led by research into the customers that purchase and by creating personas that represent the customer.

5. Leads to Increased Customer Satisfaction – Customers are more satisfied after their purchases when they made a choice to buy based off customer-centric marketing messages. The messages aren’t hyped, so the customer feels as if they had enough information to make a sound choice.

6. Assists with Developing Long-Term Economic Viability – The importance of customer satisfaction shows in the marketing statements that a business makes to potential customers. They don’t seek to use any of a customer’s behavior to try to sway purchase decisions; instead they craft products that sway decisions.

7. Values the Customer and Respects Their Worth – A company that uses customer-centric marketing knows that the only way to make money is if a customer purchases their product or uses their services. All marketing reflects this fact.

8. Keeps Promises – Companies who participate in customer centric marketing don’t make promises to their customers that they cannot keep. In fact, they always under promise and over deliver. Customers know that when you tell them something, you stand by it.

Customer-centric companies seek to create communities that show how they value the customer above all else. They have an open-door policy with their customers where the customers know for sure that they are important and come first. When customers feel appreciated they end up very loyal to the brand. It’s only when the brand fails to be customer centric that the customer moves on to the competition and loses brand loyalty.

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How and When to End Your Business Relationship

When it comes to being a service provider, sometimes it becomes necessary to end a business relationship. It doesn’t necessarily mean that something is wrong with the person as a human being, but it may mean that you’ve both outgrown each other. Or some other reason may have arisen that causes you to want to end the relationship.

Reasons to End a Client Relationship

* You’re Suffering from Scope Creep – When you started with the client, you had well-defined responsibilities which you’ve allowed to get out of control. You’re now doing work far outside of your niche and you don’t enjoy it. You’re not being paid enough to outsource, and you’re starting to feel resentful.

* They Make Unreasonable Demands – Remember that what is unreasonable to you is reasonable to them, so it’s best not to confront them on this behavior but rather try to set limits. If you try to set limits and they won’t let you, it may be time to end the relationship because you are a bad fit.

* They Keep Trying to Make You Reduce Your Rates – Anyone who agrees on a rate, then keeps trying to talk you down, doesn’t respect your business. They may even think of you as an employee or a liability instead of a partner in their business, which may cause them to feel resentful of paying you at all. If the issue of pay comes up a lot, it may be a good idea to move on.

* They Are Slow Payers – Any client who won’t pay on time on a consistent basis is a liability to your business and your cash flow. As a service provider, you need to get paid for the work you do on time. If you have an agreement to get paid in a certain way, you should get paid. Give your client a warning and set a three strikes and you’re out rule.

* They Don’t Listen – When a client hires you as an expert in your niche but they will not listen to anything you have to contribute, yet they still want you to be responsible for ROI, you have a serious problem that has to be fixed. If you cannot fix it, let them go.

* They Are Unresponsive – If you ask for information and they won’t ever give it to you or are often late with the information, and it affects how you perform your duties, it may be best to let the client go. Their unresponsiveness can ruin your schedule and affect not only the work you do for them but also the work you do for others.

* They Are Disrespectful – You know when someone shows you contempt or disrespect. You are a business owner now and you don’t need to put up with any of that. When you feel as if someone is disrespecting you, ask them if they’re saying what you think they are saying so that they can clarify. If they are being disrespectful, it’s time to part ways.

The Best Ways to End the Client Relationship

* Look at Your Contract – Check the contract to see what the rules and methods of ending the relationship are and stick to that.

* Keep It Business Related – Even though sometimes ending a client relationship feels personal, it’s best if you don’t get personal but keep it all business. Only address business things in your notice. Don’t get personal. If you must be vague rather than detailed to keep it professional, do that.

* Give Notice – In most cases it’s best to give notice according to the contract. In most cases you can safely give a month’s notice, which is longer than a typical employee relationship because it may take them time to find a replacement. But, if the relationship is contentious you may try to end it sooner.

* Refund Money – If you work on a retainer, be sure to refund any part of the money you’ve not yet earned. Even if your contract says you will not offer refunds, it’s better to do that as you’ll leave on a higher note.

Ending a relationship is never easy, but once you do let go of clients who aren’t ideal, you’re going to free up space to attract your ideal clients. Plus, once it’s over you’re going to feel so much better about your business and yourself.

Overall Customer Experience Optimization

Today, brands have to go a lot further to please their customers than in the past. The experience of each and every customer is important to the point of brands having to consider the experience of one user over the masses. After all, you want each customer to come away with a relevant experience that they want to tell others about.

How a customer experiences your brand has a lot to do with various aspects of your offerings and at what level they entered your product funnel. You want each customer to feel that you thought of them throughout their entire journey regardless of where they entered, in a way that differentiates you from the competition.

1. Know Your Customer – You hear it all the time, and you’re likely tired of it; but the fact is, if you don’t know who your customer is and what they stand for, you’ll have a hard time creating products, services, information or platforms that resonate with them.

2. Talk Their Language – If you want to be relevant to your customer then you need to speak their language. Spend time in communities with your customer to find out how they speak to each other so that you can comfortably talk to them the way they talk to each other.

3. Be True to Your Brand – Know your voice, and which images evoke the feelings that you want your customer to feel. If you remember to tell your story with the focus on the customer, you can both be true to your brand and your customer.

4. Deliver Enormous Value – In order to truly improve your customers’ experience, deliver the best value you can afford to deliver. Under promise and over deliver for every product or service you create for your audience, every single time. If your sales pages promise the moon, make sure to include the stars too.

5. Make It Timely – You want to be sure to deliver the right product at the right time. This happens with continuous research into what your audience wants, needs, and expects, as well as a good understanding of the technology available to you to make delivery better.

6. Provide Options – Most consumers today like having options. If you can provide your customer with different options including delivery methods, formats, and price points, you’ll have much happier customers.

7. Let Your Customers See You – Let your customers in on who you are, and what your voice is and what you stand for. If they can get to know you and feel as if they know you, you can build an entire community of fans waiting to buy your next product.

8. Ask for Feedback – Don’t skimp on getting feedback from current customers at every stage of the buying process. The more you ask, the more answers you’ll get, and the better your presentation and product can become.

Poor customer experience is a main factor in lack of repeat purchases among previous customers. Even if your product delivered what you said it would, if getting it was difficult, or navigating your website was hard, they’re not likely to want to do it again. It’s up to you to ensure that each customer’s experience is optimized from end to end in order to maximize potential earnings – because getting a new customer costs a lot more than keeping the ones you have.

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Expanding the Lifetime Value of Your Customer

You probably know that each customer has a lifetime value in business. This is called the CLV, customer lifetime value. It translates into the amount that you can earn on any one customer as they enter your product funnel. Understanding your CLV can help you determine how much you should spend on marketing, and also help you determine ways to expand your CLV.

* Become More Customer Centric – Customer service is one of the most important parts of any business. Even if you have the best products or services in the world, if your customer service is lacking you won’t last long. If you want repeat buyers, treat your customers with the importance they deserve.

* Build Targeted Upsells – With technology like LeadPages.net you can easily create an automated system to build upselling into the buying process. For example, you can do it in the shopping cart, or you can do it through follow-up emails.

* Create Logical Cross-Sells – A cross-sell is a just selling a different product to a current customer. It should relate to your audience, but it doesn’t have to relate to the first product that you sold them the same way an upsell does.

* Be Responsive – It’s imperative that you set up a system that makes you seem super responsive to your customers. Whether that is a ticketing system, a 48-hour answering policy, or open office hours doesn’t matter. But, you need to be perceived as very responsive to keep your customers happy.

* Over Deliver – Every product or service that you deliver should be better than the customer expects. The fact is, you won’t please everyone all the time, but you can shoot to over deliver. If a customer is unhappy, you can over deliver with your solution to fix their problem.

* Create a Referral Program – Let your customers earn money or points by recommending you to other people. Often, when people can earn enough money to support their buying habits, they’ll be more likely to spend money with you. It’s a win-win all the way around.

* Stay Connected – Find ways to stay connected with your audience, such as social media, email, teleseminars, and webinars. The more ways they can connect with you, the happier they’re going to be and the more your CLV will expand.

* Develop an Inner Circle – One way to expand your CLV is to provide a fee-based inner circle that certain customers can join. It can be on a private forum or even be run by Facebook. You can use a private Facebook group or create your own forum with native software.

Nothing is more important in your business than your customers. The more you can study what they need and find a way to deliver it to them, the longer they’ll stick with you. But, you have to keep creating products to keep those who’ve bought from you interested and wanting more. You also have to deliver exceptional service and quality so they get past the first product in your funnel.