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How then, do you pinpoint a good customer against a bad one? What kind of information do you need to know about your customers? Here are 8 critical but very basic information that you must gather:
1. Who are they? 2. What do they buy? 3. When do they buy? 4. How do they buy? 5. Why do they buy? 6. Where do they buy? 7. Are they satisfied? 8. What is their buying power like?
One way of getting
information that you need is to simply conduct a survey on your mailing list. Hot tip! Make it easy for your subscribers to fill up
survey and give them an incentive to do so!
The same pareto principle should apply to your online business:
80/20 rule. The principle just means that 80% of your sales are generated by 20% of your customers.
If this is
the case, instead of spending huge sums on customer acquisition, it may be a more prudent measure to spend resources on knowing and understanding more of this 20% segment. Cultivate good relationships with this 20% segment and reward
customers here for staying true to you. (Again, this knowledge is only possible if you have surveyed or kept track of your entire customer base.)
All in, having happy, loyal and satisfied customers will result in a business that prospers. And you can achieve this through direct marketing and knowing what, where and how to please your customers!
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Evelyn Lim is the publisher of weekly newsletter "Mapping You to Success". She aims to equip her readers with skills to acquire multiple sources of online income. To subscribe to her newsletter, please visit http://www.e-BizMap.com . Or, read her blog "Online home business journals from Singapore" at http://www.EvelynLim.com for more information