We all know it’s easier and more cost effective to keep a customer than to find a new one, yet when it comes to customer retention, we’re often too busy running the business to build that relationship. Yet, it’s easy to do, after all, the customer, or client, that has already bought from you is prequalified, likes you and should be easy to win over when it comes to the next sale. More importantly, if you can get them to love you and what you do or offer, they can help you grow your business, for little cost.
Big brands such as Nike, Apple, Waitrose or Boden spend a lot of time and money on their existing customers. Whether it’s ensuring the customer experience and interactions with the brand are exactly as they should be to encouraging existing customers to come back, engage and purchase again. It’s a continuous cycle where the brands are encouraging their customers to get involved and become more entwined with their values, ethos and what they stand for. When the customer reaches a certain point, measured in a number of ways, they become an “advocate” and will happily promote the brand over and above the competitors. (Continue reading…)