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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Get the opening right to your sales pitch

As you know if you make outbound calls as a part of your job role, the people you contact are likely to be receiving many calls each day, all trying to interest them in a range of products or services.

So, your opening has to be well structured, and well delivered. I believe that your opening should consist of 3 things. You start with your name, the name of your company and the reason for the call. This will all take around 8 seconds. This is a good formula as it ensures you know what you’re talking about ! And of course it lets the other person know what the call is about. You will then get more from the other person – if they understand your motive for calling.

These calls you receive occasionally that start with the line “I’m not trying to sell you anything” are the opposite of this. They’re just rubbish because you know they ARE trying to sell you something !

So be professional, honest and upfront, and then the next thing you do is ask them a question. This is a good device as it brings them into the conversation. They will appreciate this. We cover this during our training on the directing the conversation module. We have also now got an audio learning CD that covers this easy to use 2 stage technique, called “How to get to where you want in communication.” Follow the link to http://www.associatedlearningsystems.co.uk/product_detail.asp?ProdID=11 

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telesales training

The key thing about making outbound calls is that you haven’t got long to get the job done. So don’t spend ages with people who aren’t the decision-maker. If you can’t get hold of the person you need to speak to, find out when they are next likely to be around and then arrange to call back.

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