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Want More Repeat Business & Referrals? Stay In Touch!

Author: Colleen Kilpatrick   |   July 4th, 2010

It’s common knowledge that staying in touch with customers is essential to a thriving business.

Yet, too often savvy business people invest a tremendous amount of time, money and effort trying to find new customers, but zero time staying in touch with the customers they already have.

The consequence: No repeat business or referral marketing done on your behalf.

When you consider that it costs 10 times more to get a new customer than it does to keep an existing customer happy, that strategy doesn’t make a lot of sense. Yet, it’s the standard and it’s causing referral marketingprofessionals to lose a lot of business.

After sharing this in a recent presentation, an audience member chimed in, “Oh, do I know that well!” then proceeded to tell this story.

A painter by profession, he was in the local hardware store when he ran into a customer whose house he had painted 3 years prior.

Their conversation went like this:

Customer: “So, what are you up to these days?”

Painter: “I’m still painting houses.”

Customer: “Oh Man! I wish I had known that! We just had the whole inside of our house painted. I thought you moved to Florida.”

Painter: “Florida? I painted a customer’s condo there two years ago.

Customer: “Oh, sorry, man. I thought you moved.”

The lesson is simple: Stay in touch with your customers before, during and after the sale – and not just with more marketing. Consider the words of Kody Bateman, CEO and Founder of Send Out Cards: “Appreciation wins over self promotion every time.”

Need inspiration? Keep the acronym TRACE in plain sight. It stands for Thank, Recognize, Appreciate, Congratulate and Encourage. Make it a goal to send a greeting card with good tidings to two customers a day and watch what happens!

Colleen

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