Customers For Life by Brian Tracy
I am delighted to bring you another posting from Brian Tracy, thanks to the kind permission of Brian Tracy International.
Never Worry About Money Again
What is the purpose of a business?
Every time I ask this question during a business seminar, the immediate answer that I get back is, "To make a profit."
The Real Purpose of A Business
But this answer is wrong.
The purpose of a business is to create and keep a customer.
If a business successfully creates and keeps customers in a cost-effective way, it will make a profit while continuing to survive and thrive. If, for any reason, a business fails to attract or sustain a sufficient number of customers, it will experience losses. Too many losses will lead to the demise of the enterprise.
Why Businesses Fail
According to Dun and Bradstreet, the single, most important reason for the failure of businesses in America is lack of sales. And, of course, this refers to resales as well as initial sales.
So your company's job is to create and keep a customer, and your job is exactly the same. Remember, no matter what your official title is, you are a salesperson for yourself and your company. And the best way to increase your value as a salesperson is to build your customer base.
"Learn how to build loyal customers who buy from you over and over - and tell their friends!"
A satisfied customer is 10x easier to sell to than a new customer. A referral from a satisfied customer is 15x easier to sell to than a cold call.
Now you can develop a customer service strategy that will get people to buy from you over and over again, increasing your sales, income and profitability.
Customers for Life
The highest paid salespeople and the most profitable companies have the best reputation for customer service. You learn a series of low-cost, no-cost ways to get customers to buy from you, buy again, and tell their friends.
Buy Customers for Life today!
Why Businesses Succeed
The two most important words to keep in mind in developing a successful customer base are Positioning and Differentiation.
Positioning refers to the way your customers think and talk about you and your company when you are not there. The position that you hold in the customer's mind determines all of his reactions and interactions with you.
Your position determines whether or not your customer buys, whether he buys again and whether he refers others to you. Everything that you do with regard to your customer affects the way your customer thinks about you.
The Key to Competitive Advantage
Differentiation refers to your ability to separate yourself and your product or service from that of your competitors. And it is the key to building and maintaining a competitive advantage.
This is the advantage that you and your company have over your competitors in the same marketplace - the unique and special benefits that no one else can give your customer.
Select Your Customers Carefully
When you begin to think about acquiring and keeping customers for life, you need to think about the particular types of customers for whom your competitive advantage is so important that they would be poorly served by using anyone else's product.
You need to then emphasize again and again that the special features and benefits you offer are so important that they should not even think of going somewhere else. If, for any reason, you fail to do this, you may lose the customer and all the work you've done in building that relationship in the first place.
Action Exercises
Here are two things you can do immediately to put these ideas into action.
First, determine exactly what your current positioning is today with your customers. How do they think about you and what do they say? How could you improve your positioning?
Second, determine your exact competitive advantage, your area of superiority in what you do. How can you increase in your area of excellence and then convey it better to your customers?
You can learn more about Brian Tracy and his techniques for business building and development at Brian Tracy International and the Brian Tracy University.
Everything I have seen and heard from Brian has been of a very high standard and I particularly like his Secrets of Success Series. You can tell from the above article that he covers a very wide area of business advice.
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