Building Your Customer Base (Part 5): Customer Loyalty

Customer loyalty: How to generate repeat business

It’s always a great feeling to get a sale and though one-off sales are fine, the chances are you will want every customer to buy from you again and again. The most obvious way to achieve this is to provide a good product or service at a good price, along with excellent customer service. It has never been more important to treat your customers well, since almost half of all consumers now put more importance on customer service since the start of the recession.

Customers love being valued and treated like VIPs. Many shoppers today will not stand for a poor retail experience.

An ‘Insites Study’ revealed 36% would not give a business a second chance if they didn’t feel it was up to scratch.

But generating customer loyalty goes well beyond service at the point of sale.

Take time to find out what customers really value about your business – and give it to them. Involve them in your business. You can even do this by letting them get involved in helping you develop new products and services.

There is always a market for anything that saves people time or money, makes their lives easier, or simpler or cheaper. When providing something like this, make sure your costs are very competitive and you are giving customers exactly what they want, rather than trying to tell them what you think they want. You have to be absolutely focused on delivering something of real value to them.

 

Missed the earlier posts in this series? Check out: Customer ProfilinLeveraging Existing CustomersHow To Engage After The Sale, and Acquiring New Customers