Customer Retention & Satisfaction
Make Them Come Back Again
Effective marketing is really all about satisfying the customer. A satisfied customer is much more likely to buy something (again & again), and is therefore more valuable to a business, then any amount of customers who have been deceived by high-pressure tactics into buying something they don't really want.
More importantly, satisfied customers are much more likely to say something good about their experiences with that business, to their friends and acquaintances. This, in turn, can influence others in their network, to buy products or services that are recommended.
When practiced with these thoughts in mind, marketing should be a process of developing and maintaining long-term relationships.
Relationship Marketing emphasizes customer retention and satisfaction, by building long-term relationships, while developing and retaining customer loyalty. It is the marketing methodology that matters the most over time.
Measure Their Satisfaction
To find out what it takes to satisfy your customers, your business needs to be able to measure:
Satisfaction - Every business needs to let their customers know that they are committed to communicating with them, and that they care about what customers have to say.
Quality - Customers want to let your business know how they feel about the quality and reliability of your services, or the courtesy of your staff, or your company's reputation or business practices. They also want to know what kind of price they must pay to get what they want.
Results - Finding out what your customers think, will tell you what to do in order to improve your business, or what is already working great to make your business successful.
Ongoing Actionable Feedback will reveal customer satisfaction levels and preferences. Having a constant flow of customer feedback will allow your business to chart your progress when changes are made, and be your guide in making improvements that will positively impact your bottom line.
