| Table Of Contents
Volume I: Introduction 3
Technique #4 – Treat Your Customers As If They Mean Everything To You, Because THEY DO! Customers can actually be frustrating and they often don’t make it easy for you or your employees to treat them nicely. You need to remember where all your revenue and sales come from for
your business. Every dollar in sales that your business gets comes from
these customers that can sometimes be so frustrating. The old saying, “The customer is always right”, really isn’t true. But they are still the customer. One unhappy customer, through word of mouth, can translate into a lot of lost customers. Don’t think just because customers aren’t telling you about a problem that, “Everything must be okay.” They may not come to you and say, “Gosh, that was a horrible experience”, but they might tell their family and friends. Silence is not golden. It’s been said that an unhappy customer will tell a minimum of 10-20 people about their negative experience. Think about that! 10-20 people automatically not doing business with you. That might change the way you respond to someone. Think about a receptionist having a bad day and being rude on the phone - that person telling 10-20 people about that and they will never do business with you. The first step to a better relationship is to realize customers aren’t any different from anyone else. They are people with feelings and reactions, wants and desires. They’ve been studied this information for the last 100 years is available to you. It’s your job to understand human drive, passions, emotions, fears, and target those emotions as they apply to your customers. You want to always be looking for a response from customers - good and bad. Every bad response you get from a customer is an opportunity to improve. Always have your customers ... Technique #9 – The Dollar Value Of A Customer
What is the current worth
of one of your customers? It’s the
total profit of an average customer over the lifetime that they do
business with
you. That includes all subsequent sales minus advertising/marketing
and your fulfillment expenses. You reach the $975 by adding the $75 initial profit to the 3 other purchases each year of $300. Only $150 is profit, so $150 times 3 equals $450. If they do that for 2 straight years, that’s $900 plus the original $75. If this is your average customer and they’re worth... |