Archive for the ‘Customer Communication’ Category
Tuesday, September 5th, 2017
Customer relations is a crucial aspect of any business strategy. And for good reason. Amy Gallo of Harvard Business Review writes, “Depending on which study you believe, and what industry you’re in, acquiring a new customer is anywhere from five to 25 times more expensive than retaining an existing one.” The importance of customer relations is especially true in the B2B context. Typically, B2B companies are working with a smaller pool of customers than B2C companies, and each customer, therefore, makes up a larger share of revenue.
McDonald’s doesn’t want to lose customers, but it’s a lot less painful for McDonald’s to lose a customer than for Boeing to lose one. Similarly, many businesses serve both consumers and businesses. Consider a rental car or hotel company. They obviously have many individual consumer customers, but they also serve large organizations, such as corporations with staff who travel regularly.
So how do you maintain those crucial strong relationships with B2B customers? Here are some tips. (more…)
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Tags: B2B, B2C, Business development, customer engagement, customer relationship management, customer satisfaction, retaining customers
Posted in Business Development, Client Relations, Customer Communication, Customer Service | No Comments »
Tuesday, August 8th, 2017
A frequently quoted “formula” in the field of customer relations tells us: “expectations – reality = disappointment.” While this may seem simplistic, don’t relegate it to the ranks of witty sayings or bumper sticker slogans. There is a great deal of truth in this straightforward equation. Most business owners, managers and customer-facing employees have dealt with unhappy customers. It’s part of the job. But all too often, that customer frustration or disappointment can be avoided by properly managing expectations. (more…)
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Tags: Business development, client engagement, customer engagement, customer expectations, customer satisfaction, managing customer expectations, realistic sales preview, sales process
Posted in Business Development, Client Relations, Customer Communication, Customer Service | No Comments »
Thursday, July 20th, 2017
No company retains every customer they do business with. There is a natural ebb and flow of customers over time, whether your company provides a product or a service. Understanding that ebb and flow is important. Calculating the lifetime value of your customers, anticipating potential losses and determining how much time and effort to spend on prospecting for new customers are all very important elements of running any business. (more…)
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Tags: Customer Service, lifetime value of a customer, losing a customer, losing customers
Posted in Business Development, Client Relations, Customer Communication, Customer Service | No Comments »
Tuesday, June 20th, 2017
In an article for the American Marketing Association (AMA) titled “How Effective Is Social Media Marketing at Driving Brand Loyalty?”, Lawrence Crosby discusses the numerous ways in which social media can be used as a great tool for increasing customer engagement and – hopefully, as a result – customer loyalty. Much of the article deals with customer engagement in terms of creating online communities and serving up useful content to keep customers coming back to your business through its various channels, online and otherwise. (more…)
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Tags: appeasing customers, customer complaints, customer engagement, customer satisfaction, Customer Service, relationship management, social engagement, Social Media
Posted in Client Relations, Customer Communication, Customer Service | No Comments »
Thursday, May 18th, 2017
Every business will gain and lose customers over the course of the business’s lifetime. Of course the hope is that there will be more gains than losses; however, sometimes businesses find themselves in the opposite situation and struggle to understand why their customers are leaving. While creative companies could come up with a myriad of creative and complex metrics and measurement techniques to try to gain some insights, one of the best ways to determine why customers are lost is to ask them! (more…)
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Tags: B2B marketing, B2C marketing, customer appreciation, customer retention, Customer Service, lifetime value of a customer, lost customers, Marketing
Posted in Business Development, Client Relations, Customer Communication, Customer Service, Healthcare, Healthcare Communication and Marketing | No Comments »
Monday, March 27th, 2017
Let’s face it. Not all businesses are as flashy and exciting as manufacturing high-end sports cars, groundbreaking technology or exquisite luxury items. The marketing for some products is as simple as letting people know the product exists. Unfortunately, that’s not the case for most companies, and this means they may need to work extra hard or be extra creative in making sales. As Ryan Holiday writes for The Huffington Post, (more…)
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Tags: Marketing, marketing practices, marketing strategy
Posted in Customer Communication, Internet Marketing, Marketing and Branding, Marketing Communication | No Comments »
Wednesday, March 22nd, 2017
Most of us understand the value of positive customer reviews. Especially in the world of online retail, a positive product rating on Amazon can represent a big boost to sales. Data suggests that roughly 90 percent of Amazon users believe positive reviews influence their purchase decisions, while 86 percent say the same of negative reviews. (more…)
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Tags: Amazon review, customer references, customer reviews, positive reviews, testimonials, Yelp
Posted in Business Development, Client Relations, Content Marketing, Customer Communication, Marketing and Branding | No Comments »
Thursday, March 2nd, 2017
What event or events would you say have had the greatest impact on the United States during YOUR lifetime? It’s a question put to 2,025 adult survey respondents in a mid-2016 Pew Research Center poll, the results of which were covered by Claudia Deane, Maeve Duggan and Rich Morin. Before looking at the article, try to answer the question yourself. What are the 10 historic events during your lifetime that have had the greatest impact on the country? (more…)
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Tags: Customer Communication, historical events, marketing research, shared experiences, understanding your market
Posted in Customer Communication, Marketing and Branding, Marketing Communication, Marketing Research | No Comments »
Thursday, January 19th, 2017
By now, most business owners and business professionals have accepted the value that social media can have in helping to raise awareness, create preference and drive traffic to websites and to brick-and-mortar establishments. But, unfortunately, not all are communicating effectively through these channels.
We often see two common missteps, which we try to advise clients against doing: (more…)
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Tags: B2B marketing, B2C marketing, business communication, copywriting, Marketing, writing effective copy
Posted in Brand Management, Content Marketing, Customer Communication, Healthcare Communication and Marketing, Marketing, Marketing and Branding, Marketing Communication, Strategic Communications | No Comments »
Thursday, January 12th, 2017
Sometimes clichés can become so pervasive that we fail to think critically about their meaning or the full implications of the statement. A classic example in business, generally, and customer service, specifically, is “the customer is always right.” To state the obvious, the rationale is that no matter how difficult, rude and unreasonable a customer may be, that customer is paying the bills — and you should do whatever it takes to make that customer happy. (more…)
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Tags: business referrals, customer experience, customer relations, Customer Service
Posted in Business Development, Client Relations, Customer Communication, Customer Service | No Comments »
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