11
Jun

Account management on the telephone

Account management on the telephone is becoming increasingly important. Selling costs are going up and in many markets there are fewer customers. Consequently it is important to focus your time on where you are likely to get the best return.

Telephone account management - growing business area

Telephone account management - growing business area

As one of our latest batch of audio products, we have a CD that guides you through all the things you need to know to add more customers and clients and equally importantly – keep the ones you’ve currently got.  How often do sales business models focus and reward exclusively new business accounts. You can find the audio training CD by following this link http://www.associatedlearningsystems.co.uk/product_detail.asp?ProdID=32

It guides you through understanding what the function of account management is, how to do the key parts of the job effectively, and how you are the single biggest factor in determining outcomes !

Interestingly, 5 out of the last 7 people who have bought this audio CD, also bought the audio CD on time management too. Running your customer portfolio is partly about being well organised yourself of course too. Find more details here http://www.associatedlearningsystems.co.uk/product_detail.asp?ProdID=24 All CDs are currently £34.99 + VAT and payment is easy through PayPal. You can use your credit card too.

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23
Apr

Customers are the most likely future customers

Customers are the most likely future customers. There are many studies that show this to be true. They are cheaper to acquire than new customers, and this is partly because they are easier to influence. After all they are already in the habit of buying from you.

We came across an article by Karl Bryan the American trainer who covers this area. This is some of what he says on the subject ;

“….. many businesses focus solely on attracting new customers, but you NEED to spend a good chunk of your time retaining current and former customers.  These are people you already know to be a good sales potential. They’ve already bought from you!”

So it is important to take the time to market and sell new products to your existing and lapsed customers. Spend less time trying to sell old products to new customers, and you will see improvements in sales, customer quality and brand position. Karl Bryan offers this useful list with some added notes from us to make sure you retain your current customers ;

1. Stay in contact: This means by phone, email, e-newsletter, and in person. Keep them posted on what you are doing : new products and services etc.

2. Post-Purchase Relationship Building: This means you need to follow up with customers. Your customers need to feel  you have a genuine interest in them and their experiences with your product or service.  How many times do sales people lose interest the minute they get the order. Something as simple as a Thank
You note with your contact or customer service information can go along way in retaining a great customer.

3. Deals & Guarantees: Always offer your current customers the best deals and guarantees you have. Show them you appreciate their business and help them to get the best deals and advice. You can also do this with a preferred pricing option if their spend warrants it. It’s about making them feel special, valued. It all helps.

4. Integrity: Using good business practices and simply upholding integrity, dignity and honesty go along way with customers. Let’s face it, there’s a lot of half-hearted rubbish sales people. So the more they can trust you to do waht you say when you say you’ll do it, the more the relationship will build, and the more they will trust you.

There are three cornerstone ideas to a successful business:
. Quality product/service
. Offering useful products/services that solve a problem for or enhance the life of a customer
. Offer subjects your customers find interesting

Use this approach of educating your customers and offer them real information and insight and you will be rewarded with loyalty and success. Don’t waste all your time on new prospects while your current customers become someone else’s new accounts.

As the well known motivational speaker Jay Abraham says, “Your best prospects are your existing customers. If you’ve been putting all your marketing efforts into acquiring new customers, stop and divert some of your resources into reselling, upselling, cross-selling to those same customers.”

Good words Jay.

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