The following is from the December 2011 edition of my Buzz Bulletin eNewsletter (subscribe for free here to get monthly stories, tips and strategies for building your business with word of mouth marketing - I promise that I'll never share your email address)...
"As we express our gratitude, we must never forget that the highest appreciation is not to utter words, but to live by them." - John F. Kennedy
Have you demonstrated to your customers how much you appreciate them?
This time of year, it's typical to develop plans to attract new clients to meet your growth objectives. Yet evidence suggests that focusing on those who have made you successful will have a bigger payback.
The American Society for Quality found that businesses are simply not serving their customers adequately as reflected in a survey about why individuals and companies stop purchasing from a particular provider:
- 1% die
- 3% move away
- 9% switch to competitors
- 14% leave due to dissatisfaction with a product or service
- 68% quit because of a perceived attitude of indifference
The 68% figure jumps out due to its enormity and how easily it can be avoided. For many businesses, simply doing the job for which it was hired is enough to keep most customers satisfied.
But why stop with providing the minimum acceptable level of service? Companies that commit to the good care of their customers and partners will not only retain their current customer base but also expand through positive word of mouth.
In the words of football great and accomplished businessman Roger Staubach, "There are no traffic jams along the extra mile."
November and December is a time when companies send out holiday cards thanking customers. It is equally important to demonstrate gratitude to those who support your business throughout the year.
As I write this on a cold day, I'm keeping warm with a fleece jacket that I received from OCSC Sailing, the country's largest single-location sailing school and our client for the past five years. I love that the words "Team Member" are written underneath the OCSC Sailing logo on the front. This year we landed outstanding publicity for OCSC Sailing in both mainstream and social media, and it feels wonderful to have our efforts recognized.
OCSC Sailing's example has inspired me to reach out to our clients with greater consistency to let them know how important they are and how much we value and appreciate their business. The feedback that I receive in return is uplifting and motivates me to provide even a higher level of service.
With the support of your satisfied customers and those who will rave about you, may you have much success in 2012!
