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Video on How Can Customer Loyalty Building Make You More Money?

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How Can Customer Loyalty Building Make You More Money?
Ashley Lichty
Most businesses don't even think about creating a customer loyalty campaign. Although similar to lead follow-up, building customer loyalty is new ground for many companies. First things first is making sure you've got yourself a quality product or service.
Providing REAL quality service is the first step of customer loyalty building. The second step is to never let your customers forget about you. Too many businesses cut contact with their customers the moment the sale is made - as though that is the end of the transaction. In reality, your company's interaction with customers should end until - well, until the customer dies, honestly!
Now you can see the value in customer loyalty building, so what's stopping you from building your won plan? A consumer that buys once will most likely buy again and again. There are different ways to go about building customer loyalty, but coming up with a plan is first and foremost.
As with all marketing, in customer loyalty building you must consider your target audience first - take each and every customer, list what they bought and when they bought it. Usually it will be best to break them up into the time frame in which they bought the product. The shelf life of your product will determine how long it will be before they want to buy again. For example, someone who purchased light bulbs will probably be ready to buy again before someone who just bought a home.
You also need to come up with excuses to stay in contact with past clients. The more creative and unique the idea, the better off you are. Holiday and birthday cards are always a great excuse, and informational packets, free giveaways and even product updates are good excuses. Develop the content for your customer loyalty building campaign and you're well on your way.
You also want to systemize your customer loyalty building. This will help you be as efficient as possible. Map out a timeline of email, phone calls and direct mailing to send to your clients as part of your customer loyalty building. A CRM system (client relationship management) can really help out with this.
Your customer loyalty building plan will often mirror your prospect follow-up - both should definitely employ CRMs at the very least. Prospect cultivation and customer loyalty building are just different ways of turning leads into customers. Of course, at least with past clients, they already know what an amazing product you have!
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