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Definition Of Relationship Marketing

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Below are a few principles to help get your started thinking in terms of how to develop an effective relationship marketing program for your company. The following principles focus on the first stage of relationship marketing, which is often called nurture, because you are nurturing and developing a relationship with a client that will potentially be a long term one.



Identify and Target Prospects Carefully

Most direct marketers will tell you that the quality of your customer list is the single most important factor in determining how effective your marketing campaign will be. In the nurturing phase of developing a relationship marketing plan, it is important to identify potential customers using a variety of personalized tactics including: geographic, demographic, attitudinal, and behavioral attributes of your potential clients. The more narrowly you define your target audience, the more specific your marketing messages can be, and the better results you will have.

Build Awareness

Even though relationship marketing relies heavily on marketing strategies that are one-to-one and generally response-focused, building the awareness of your products and services is an integral part of success in developing potential clients. Customers with a general awareness of your brand will be much more likely to initially purchase your products and to eventually provide you with information about themselves to help you facilitate a more targeted platform than if the potential customer had no awareness of your products and services.

Collect Information

Listening and gathering information needs to start at the very beginning of your relationship marketing strategy. If you've identified and targeted your customers carefully, you probably already know some basic information about your potential customers. But it is important to continue to amend the information you have by asking your existing clients for more specific information, such as email addresses and phone numbers, as well as their feedback on products and services that they have purchased.

Build Trust

Trust is one of two components necessary for customers to perceive you as their "trusted advisor," which is critical maintaining a long-term relationship with your clients. Trust results from a series of small actions taken over time, and must be closely guarded because it can disappear very easily. You can demonstrate trust by demonstrating that the needs of your customers and clients come before your needs as a business owner. Nurturing a successful relationship marketing platform means demonstrating a customer-centered approach to your business. By letting the client know that you are focused on his needs as a customer, more than your own needs as a business-owner, you will nurture and build trusting relationships with your clients.

The nurturing process has only just begun - nurturing a client relationship is something you will continue to do throughout the life of your relationship with the client. These steps will help get you started in the right direction for designing a relationship marketing platform from a perspective of nurturing and developing potential relationships.
Definition Of Relationship Marketing
If you're doing business in the eCommerce universe, it's vital to build a strong network of relationships with your clients. From time to time, it's necessary to gain new business, new clients and new customers to bring into the pool of focus for building this network of relationships. You may be doing all the "right" things, such as newsletters, email marketing campaigns and advertising on other websites, but you still feel that you're not attracting as many new customers, or building as many new relationships as you'd like. Exploring social networks, as a way to form new or expand upon existing business relationships will be worth investigating, if your business has not yet done so.

Social Networking

Popular networks like Facebook are thought of as a place to keep in touch with long distance friends, share photos and stories about your life. But these online social networks are also a great way to make new business contacts. Each network is structured differently so you may want to join several, or investigate the sites on your own before deciding which ones to utilize for business purposes. Implementing consistent social networking can be the next step in a relationship-marketing based strategy for your business. Below are a few of the most popular social networks and what they have to offer from a business perspective.

LinkedIn

When thinking of a social network, many adults assume they are juvenile or the domain of teenagers and twenty-somethings. If you have an aversion to the idea, LinkedIn is the best place for you to start, as it has a mature, professional audience with a combination of social and business networking. When you join LinkedIn, you can list your contacts, both social and professional, and invite them to join. Once your contacts have joined, you then have access to their social and professional contacts and they have access to yours. This is a great way to reach out to new people and make connections because of the mutual friend/associate you have in common.

Facebook

Facebook isn't just for kids anymore, the demographic of this particular social network continues to broaden, and it's a great resource for making contacts and potentially looking for people to hire if and when your business expands. Facebook has a number of useful features and advanced applications, along with a certain level of privacy that doesn't exist in other networks. It also has the sheer volume of numbers on its side: with 600 million searches and more than 30 billion page views a month, there is a seemingly endless pool of resources to tap into.

MySpace

MySpace is perhaps the social network that is geared most towards a younger population. However, try not to let that deter you. The Internet is making it easier for younger, tech-savvy people to create their own online companies, which means there is large market of younger business owners and entrepreneurs, as well as potential customers that you can connect with on MySpace. Young people also have more disposable income than ever before, which means that subscribers to MySpace have money to spend, and they're always looking for unique, niche market products.

Building strong customer relationships as part of a relationship-marketing platform is an important ingredient in the success of your business. Using these social networking sites has the potential to connect you with an extremely talented and professional cross-section of people previously untapped by your business. Part of any successful relationship-marketing platform involves reaching out and building relationships with people with whom you have something in common. These social networks are an excellent way to expand your network of business contacts.

Copyright (c) 2008 Christian Fea
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Christian Fea has sinced written about articles on various topics from Partnerships, Joint Venture and Business Plan. Christian Fea is CEO of Synertegic, Inc. A Joint Venture Marketing firm. He exemplifies how to profit from Joint Venture relationships by creating profit centers with minimal risk and maximum profitability. Join his JV Wealth e-zine at. Christian Fea's top article generates over 22200 views. to your Favourites.
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