what a crazy statement and yet it seems to be the norm in so many business. We all know customers are the life blood of a business and yet why do approximately 60% of customers go to another supplier.
Research suggests the main reason is because business do not stay in touch i.e communicate with their customers. The customer in a nut shell thinks we don’t care and they forget about us.
Only yesterday I was speaking to the manager of restaurant here in Dubai, He has just returned after 9 years to the bar he opened back in 2001. The bar is nowhere near as successful as it used to be, competition is moving in every where and their numbers are down. My friend decided to do some research and find out what happened to his old loyal clients.
His answer was simple and I think of no surprise:
1 The new mangers and staff began to change so regularly that the customers lost a relationship with the staff.
2 The venue stopped communicating about up and coming events with the customers.
3 Key customers in the Latin community ( a huge influencer for customers to date ) had not received a communication or update in 7 years since he left
4 I myself had to fight to be included on an email from the venue. which finally happened twice and now they have stopped again. ( I have been a customer myself for 9 years )
This scenario is not unique to this restaurant many business have a very poor database management system. It’s not enough just to have a database it must be managed and used strategically.
As a referral marketing expert I know that the best source of referral is not necessarily the existing client ( the best is a proactive contact sphere relationship) . They can, however, provide us with lots of referrals and of course repeat business.
If you are not reading this and do not know who your best client was 5 years ago or have not been in touch with them in the last 6 months I would suggest something maybe missing.
For people in Dubai, if you do need to sort out your database I would recommend the services of Strategy Marketing and it’s owner Corrina Cross I have seen Corrina produce immediate results during this recession for her clients. If you are new in business why not get your database and communications set up from the beginning. Kill the monster while it is little.
We need to keep our customers (who are part of our network) speaking and thinking about us, this is part of the BUZZ we need to develop in the market about us and our products. And boy is it a HUGE part.
Who cares about their customers? hopefully you do:)