6 Ways to Retain Customers

Sitting at home on Sunday, browsing the newspaper, one offer in particular caught my attention. $10 off haircut and style – new clients only. I had been to this particular salon in the past, so I wasn’t the new type of client they were looking for, and I couldn’t help feeling unappreciated. As a marketer, I also wondered if they knew customer retention is cheaper than new customer acquisition.

Studies have pinned the cost of acquiring a new customer at five to 30 times that of keeping current customers happy and engaged. The cost of new customer acquisition varies by industry, but in any case, it’s in the best interest of a business to keep current customers coming back. Here are six tips for customer retention:

1.    Deliver consistently on your promises. Business promises come in many forms, including not just specific product or service deliverables, but also consistent business hours and customer experience.

2.    Don’t get too comfortable. It’s easy to get comfortable and complacent with long-term customers, mistakenly thinking a missed deadline or less-than-stellar experience will be overlooked. It won’t go unnoticed.

3.    Invest in your customers’ happiness. Whether you’re selling advice or hardware, be committed to your customers’ success and happiness. When a customer feels cared for – as in, I care more that your sink is leaking than how much you’re going to spend to fix it – they will be back.

4.    Listen! We’ve all heard that feedback is a gift. If you’re lucky enough for a customer to express their concern, rather than simply walking away, take advantage of the opportunity to make things right.

5.    Invest in your employees. Often, relationships are formed between customers and individual employees. When a key employee leaves, there is serious risk that customers will leave as well. Invest in your employees and reduce turn-over to maintain a consistent customer experience.

6.    Appreciate your current customers! It’s fine to create an offer to draw new customers in, but don’t leave current customers feeling left out and unappreciated. If they can’t take advantage of your weekly deal, they may go someplace new – where they can use the coupon too.

It can be exciting to sign a new deal or kick off a shiny new project. Just remember to appreciate and care for your current customers while welcoming new ones.

Can You Substantiate That Claim?

As marketers, we make a lot of claims about product or service performance and how we make customers' dreams come true. Let's face it, it's just more fun to write marketing copy without worrying about the legality of it all. But the truth is, careful steps need to be taken to protect yourself and your company from legal issues caused by claims made in marketing content. I spent four years leading claim substantiation efforts at a large, global corporation. Here are some things I learned:

 

• Claim Substantiation is the process of proving and documenting that the claims you plan to make are true. You must have reasonable proof and appropriate documentation in place before you make a claim.
• Some claims are explicit, meaning you have directly said them. Other claims are implied, meaning you didn't say it directly, but a reasonable person would assume it based on other statements you have made, or images you have used.
• Marketers and lawyers generally have different agendas. A marketer's job is to sell products or services, while a lawyer's job is to protect the company. When in doubt, run claims by your legal counsel. If they have a concern, listen!
• Marketers often make claims without realizing it. A claim is any statement you make about your product, service or business in an effort to generate sales for your company.
• You may be called upon to provide substantiation (proof of evidence) by customers, the government, or your competition.
• The level of required substantiation may be dictated by the level of risk associated with your product or service offering.
• Claim substantiation is required by the United States Federal Trade Commission (FTC). It is not optional.
• Businesses should have documented Claim Substantiation processes in place to ensure claims are tested, documented and reviewed before being published.

For more information about FTC requirements, visit the Truth in Advertising media center.

 



 

 

Kristina Marsh, founder of Marketing Flexibility, spent four years leading claim substantiation efforts at a large, global corporation. To contact Kristina with questions or to schedule your business process review, email kris@marketingflexibility.com. 

Looking for Some Holiday Sales Inspiration? Take a Tip from Major Retailers.

The holiday season is upon us, and shoppers are looking for more than a place to spend money. They want a holiday experience.

The major retailers have done their homework to determine what drives holiday traffic, sales, and the customers’ perception of the shopping experience. As a small business, you can leverage that insight to create a holiday experience your customers will enjoy, which means more dollars spent. Here are some tips:

·         Consider hosting a holiday open house as a way to welcome the community into your business. Set the stage for an enjoyable holiday experience with music, refreshments, holiday lighting, entertainment and special offers.

·         Create a holiday atmosphere, where customers can enjoy a leisurely shopping experience throughout the season. Music, lights, sparkly displays, and fragrance put shoppers in a nostalgic mood, increasing the spirit of giving (and spending).

·         Consider coordinating and promoting a charity collection point at your place of business. This will bring traffic into your location, and strengthen your position as a member of the community.

·         Increase traffic with limited time, seasonal offers. Consider new product launches, trunk shows, and product demonstrations as a way to generate excitement and get your event booked on shoppers’ calendars.

During the holiday season, shoppers are looking for personal connections and memorable experiences. After all, shopping is part of their overall holiday experience. Create a warm, enjoyable holiday atmosphere where they can linger, experience and reminisce.

A Professor and a Marketer Walk Into a Bar…

I love infographics! Those wonderful, visual graphics break down complex concepts and data into pretty pictures and one line statistics. What’s not to love?! So, imagine my surprise when I plopped a new infographic in front of a friend and she bristled. “I hate those things,” she said. Say what?...

Infographics are currently the little black dress of marketing – everyone’s go-to design. They’re everywhere, and I mean everywhere. Just enter “infographic” on a Google image search and you’ll see what I mean.

But here’s the trouble with the current infographic craze- not everyone is a visual learner. Marketers could take a lesson from professors who pay heed to adult learning styles in order to deliver content that’s meaningful to everyone. So, in the interest of continuous learning, here’s a breakdown of the most commonly recognized adult learning styles:

The Visual Learner

The visual learner absorbs information most easily from, you guessed it, visual sources, such as charts, symbols and graphs. Does this mean visual learners love infographics? You bet we do! About 60% of the population can be categorized as having a strong visual learning style.

The Auditory Learner

The auditory learner absorbs information most easily when it’s heard, spoken and discussed. Think of them as explorers of their environment. They listen, they discuss, and I’m guessing they’re lovers of music. About 25% of the population can be categorized as having a strong auditory learning style.

The Kinesthetic Learner

The kinesthetic learner absorbs information most easily with a hands-on approach. They learn by doing, so don’t expect them to read your instruction manuals. If your product requires instructions, you might take a cue from Ikea and keep it simple. About 15% of the population can be categorized as having a strong kinesthetic learning style.

The Read / Write Learner

A sub categorization of the visual learning style, the read / write learner needs to go beyond visual cues to application. You know the co-worker who still takes hand written notes in the meeting? Yep, they’re probably a read / write learner. I can relate. You can talk to me about something all day, but until I read it myself or write it down, it’s just not relevant.

So, what does this have to do with marketing? A lot! As marketers, a big part of our job is educating the target audience so they understand how great our products are, why they should buy them, and how to use them. If you’re only integrating one technique, you may be missing a large piece of your target.

The next time you have a brilliant idea for an infographic, go ahead and design it. But be sure to build a fully integrated plan around it to ensure relevance for your auditory and kinesthetic learners as well.

Curious to know your personal learning style? Take the free online VARK assessment.

 

It Takes a Village

I work daily to educate clients on the difference between graphic designers, marketers, copywriters and web builders. It takes all of those elements to create great marketing and it can be confusing to sort out just who does what. Some business owners expect to get it all from one person. In reality, the chance of finding someone who can do it all effectively is slim. Here is the most simplistic explanation I’ve come up with:

·         Graphic Designers are educated in art and aesthetics

·         Marketers are educated in business and strategy

·         Copywriters are educated in communication and grammar

·         Web builders are educated in technology and computer programming

Every once in a while, you’ll find that rare gem of a person who can do more than one of those things effectively. More often, it takes a village to create great marketing. What you don’t often see is what happens behind the scenes. A good marketer can set clear business objectives, analyze your market and financial data, research to fill the gaps, develop a strategy and plan to meet those objectives, and measure, measure, measure to ensure success. Once the strategy and plan are developed, other experts are brought in to effectively execute the plan. Copywriters write compelling copy, graphic designers create beautiful artwork, and web builders code that copy and art into functional websites.

If you’re staffing a marketing department, be sure to hire appropriately for the role and set expectations accordingly. If you’re searching for marketing resource, be sure to ask what kind of village is available to support the project. At Marketing Flexibility, we work with a talented pool of affiliates who are educated and experienced in marketing, design, copywriting and technology. We can put our village to work for you today!

A Picture Paints a Thousand Words...

If you’re a business owner or manager, you’ve likely faced the difficult decision of whether to invest in professional business photography. Hey, I get it. Professional photography can be expensive and budgets are limited. So why not just take those photos yourself? After all, everyone loved the photos you took on vacation last year.

Here’s the truth. A picture really does paint a thousand words, and if you’re not investing in professional photography, you could be sending the wrong message about your business. There’s a reason professional photographers get paid to do their job. A great image requires an eye for composition, light design, f-stops, apertures, and a whole lot of other things I don’t understand. Customers may not be able to explain why, but they know a mediocre product photo when they see one. It sends a message that your company isn’t professional, or simply isn’t established enough to afford proper photography. In either case, it doesn’t create an enticing call to action for potential customers or media.

So, put those iPhones, Droids, and Canon PowerShots back in the vacation bag. That professional light box kit you purchased online? Unless it came with an experienced photographer, you may want to rethink that as well. The investment in good photography will pay off in the brand image you gain.

"What's In a Name?"

“I read in a book once that a rose by any other name would smell as sweet, but I've never been able to believe it. I don't believe a rose WOULD be as nice if it was called a thistle or a skunk cabbage.” I believe Anne Shirley was on to something when she called Shakespeare out in L.M. Montgomery’s book, Anne of Green Gables. The name of your business has the power to make or break you – or at least cost a fortune as you work to educate people on what it means, how to pronounce it, and what exactly your business does! So, today, we’ll cover the basics of how great business names are born.

I’m a creative person, and I came up with some fantastic business names before finally settling on Marketing Flexibility. There were various reasons the others didn’t make the final cut. Here are some serious considerations to make as you decide on a name for your new business.

1.    Is the name flexible enough to evolve as your business grows and changes? Sure, the name needs to clearly articulate what you do, but getting too specific creates a risk of outgrowing the name.

2.    Is the name user and search friendly? Special characters, such as parenthesis, or creative spelling may feel unique and on trend, but trust me, it creates confusion for both your target audience and search engines.

3.    What is the connotation? Testing is critical on this one. Take your potential business name on a test drive with family and friends. Ask what the first thing is that comes to mind when they hear it. The answers will likely surprise you. If you plan to go global, make sure your test group represents other cultures as well.

4.    Can people pronounce it (without explanation)? I once worked with a global brand that hired an expensive agency to select a name. After five years in business, they spent tens of thousands of dollars on a campaign to educate people on how to pronounce it!

5.    Does the name clearly articulate what you do? I know that I’ve already said you shouldn’t get too specific, but the same is true for being too vague. There are businesses I’ve passed daily for 10 years, and I’ve just never figured out what they do.

6.    Is the domain name available? Yes, this is critical. If your business name and domain name are not the same, people will be confused. They’ll search for you online and end up on either a competitive website or one that’s unrelated altogether. Either way, they will be frustrated!

7.    Is the name available on major social media channels? Do a quick search on Facebook and Twitter to make sure someone else hasn’t already adopted the name.

8.    Is the name already taken? Make sure the name is available for use in your state of operations and is not registered as someone else’s trademark.

Naming your business can be an emotional roller coaster. There will be names you love that others shoot down (listen to them!), and names everyone loves that are simply not available. But the hard work and time is worth it when all of the pieces come together and you get it right. Sorry, Shakespeare, a rose by any other name may not smell as sweet!