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Ten Strategies for Adding Value and Creating Customer Loyalty
by Bea Fields
Today’s
customers are demanding, and their expectations are furiously
escalating. Everyone wants value, and they want it now! They
want convenience, and they want their needs and requirements
met. You don’t have to look very far to hear what customers
are saying: “I want my Dell Computer with Windows XP
and a Zip Drive, and I want lifetime customer service with
it,” or “I want my Honda with navy leather seats,
and I want to be treated like royalty when I come in for my
30,000 mile tune-up.” Adding value is key to business
success, and
these ten strategies will make your customers
love you and will keep them coming back for more.
(1)Ask Your Clients What they Value.
Value
is often in the eye of the beholder. If your customers say
they don’t value price, and they continue to buy a lower
priced item from your competitor, you cannot ignore this fact.
If people say they value good service, and your service is
stellar, and they are still not buying from you, the big question
is WHY? It is important to perform a needs analysis to clearly
determine the pains and challenges of your target market.
A survey tool such as AdvancedSurvey.com can provide you with
quick answers to questions such as “What is the thing
in life that is your biggest challenge right now?” or
“If you could change one thing about your business right
now, what would you change?” If the majority of people
say “A lack of money,” you know that price is
going to be a determining factor in their buying decisions.
If they say “A lack of time,” then providing quick
service will be of paramount importance to your company. If
they say “In my business, I would improve my customer
service,” then it is your job to deliver a way to improve
customer service. Go deep with your needs analysis, and then
quickly deliver a solution to your clients’ most pressing
needs.
(2)Personalize
the Customer Relationship.
Your
relationship with your clients is more than just a sale. It
is building a connection with someone who has trusted you
enough to buy from you. This relationship cannot be taken
for granted. Greet your customers with enthusiasm, charm,
energy, an optimistic attitude, and be LIKABLE. People do
business with people they like. They don’t do business
with people who are nasty and rude.
Take
thorough notes about the lives of your clients. Make a note
not only their birthdays and special occasions but the birthdays
and special occasions of their spouses, children, parents,
and pets (yes…their pets) and make sure to contact them
on these days of celebration. Start out each conversation
with the question “How is your son/wife/partner/mother?”
or “Tell me about your week-end. What did you do that
was great for you?” A key question to constantly ask
yourself is “How can I make my customers happy?”
The answer: Be real. Be human. Be connected. Be curious. Be
genuinely interested. It works!
(3)Use
Assessments to Create an Emotional Bond with Your Client.
Assessments
have been used for years as a tool for developing people in
organizations. By understanding behavior differences, organizations
can align employee’s values and motivations with the
company’s mission. This same approach can be used with
your clients and customers. With a tool such as Assessment
Generator, you can create custom assessments which can create
an emotional connection with your buyers while looking closely
at how your customers motivations align with your mission.
As an example, if you are a Certified Financial Planner, you
could build an assessment by the title of “Assess Your
Family Wealth,” or you are a Skin Care Consultant, and
you build a “How Young is Your Skin?” assessment.
Both titles create an emotional pull of family wealth and
the subject of aging. Once the assessments have been completed,
look for trends in responses. Are most baby-boomers concerned
about the future financial wealth (or health) of their families?
If so, provide a program or package on solving this dilemma.
Are most women concerned about sun damage? Provide a month
spa package which includes instruction and articles on the
proper use of sunscreen and how to avoid over exposure to
the sun.
(4)Provide
a “Free Gifts” to Your Customers Offering Upon Purchase.
This
is one of the oldest yet most successful marketing techniques
in the history of the world of business. People LOVE free
stuff! Customers usually will flock to your business if they
know they will receive a gift, an offering, or something extra.
The trick here is to add ongoing value to the lives of others.
The majority of the time, people will place value on something
financial, emotional, or functional. Over ten years ago, an
insurance company sent me a jar opener as a “free gift,”
which I did not think was valuable, but it has saved me a
great deal of time and energy in the kitchen. I have used
it for ten years, and if someone takes my jar opener, I have
a tendency to get “testy.” I have come to rely
on the jar opener in my every day chores in the kitchen, and
I still remember to this day who gave it to me…The Insurance
Company. The gift was functional, and I did not even know
I needed it, but now that I have it, I can’t live without
it!
(5)Provide
a Frequently Asked Question Page Backed Up by a Special Report
or Article.
With
your FAQ page, you can not only answer questions which are
often asked, you can add value in process.
Example:
You are a Registered Dietitian or Nutritionist, and a frequently
asked question is “How quickly will I lose weight?”
Rather than simply say “I don’t know” or
“That depends on how closely you follow the diet”
or “Your success depends on both your diet and your
exercise,” answer the question by providing a paragraph
explaining your answer and backing it up with a special report
authored by you. An example of a special report might be “The
10 Habits that Can Kill Your Chances of Losing Weight.”
Not only have you answered the question, you have added value
in a way which demonstrates your expertise.
(6)Package
and Present Your Materials to your Client with Professionalism and Elegance.
The
more professional and attractive your packaging, the more
the perceived value of your products and services will be.
This packaging not only includes the presentation of your
products but includes the look and feel of your website, business
cards, stationery, your physical office, and the way you dress
and present yourself to others. If people see beauty, elegance,
confidence, and professionalism, they will immediately feel
as if the experience they are buying is one of rich value.
(7)Be
an Information Broker.
Some
people call this an information maven. I call it being masterful
at what you do, staying current in your industry, and being
able to answer any and all questions as they come your way.
I recommend that you go one step further by providing a resource
library and an information hotline for your clients and customers.
There is nothing more attractive than a person who is in the
“know.” This resource library can include magazines
(both hard copy and online articles,) books, great websites,
audios, CDs, and anything which can provide your customers
with ready access to information. It is best to include a
wide variety of resources, including access to information
on food, clothing, travel, health, decorating, pets, and self
improvement. The more diverse you are, the more you will appeal
to a wide variety of people, which is quite attractive and
makes you much more interesting.
(8)Share
Your Network.
In
a world of resource constraints and intense competition, business
owners and organizations of today are employing a variety
of cooperative relationships to achieve their goals domestically
and internationally. Through the power of shared networks,
it is possible to grow a business more quickly and at a much
lower cost and risk. By sharing your network with your clients,
you offer them a chance for their business to grow exponentially,
which is a huge value added proposition.
(9)Send
Your Clients Referrals.
What
would your business be like if your customers were your walking
billboards, driving hundreds of customers your way every day?
Sounds great, right? You bet it does! One of the best ways
to achieve this goal is to first send your clients business.
That’s right…send them business first! It is probably
the best value added service possible, and it models the process
of sending referrals. In order to get referrals, you must
first be willing to give. It’s that simple.
(10)Custom
Build It! Quickly!
Customers
of today want products and services that meet their unique
needs and requirements, and as a business owner, it is important
to know how to deliver custom built products and services
quickly (without sacrificing quality.) Customers also see
speed as valuable, which can mean receiving a document by
overnight delivery, delivering a proposal within hours of
its request, or bringing a new fashion or piece of furniture
to store shelves within 7-10 days of its design. People all
over the world are custom building products or services to
create a competitive advantage, and it’s time for you
to do the same. Be smart, be quick, be hip, and you’ll
win the value game.
Bea Fields is an Executive Coach and the
President of Five
Star Leader Coaching and Training. She is a Consultant,
Trainer, Public Speaker and author of the Five Star Leader
e-course. Along with Mitch Meyerson, Founder of Guerrilla
Marketing Coach, she is the co-leader of the Guerrilla Marketing
Coach Certification program. She is the co-author of the Marathon
Marketing E-Course for Coaches and Business Owners. For more
information on the Marathon Marketing Course, visit: The 90
Day Marketing Marathon.