Don't Grow Bankrupt When Your Clients Grow Up (Or, How To Adapt To Your Clients' Changing Needs)

Written by Tatiana Velitchkov


Say you've established trust with your prospects, and they've initially bought and used your products.

Later they turned into satisfied customers, and now you're developing wonderfully long-term business relationships with them.

But a few months/years later they turn to you and suddenly say,

"I'm starting to need new features on this product." OR "I need something done, and although I know you don't usually do it I think it's within your expertise, so I was hoping you could berepparttar one to do it for me."

What if what they're asking for is really something you're not ready to offer yet? And what if they reachrepparttar 121336 point where they badly need it NOW, and are forced to make a choice between staying with you and going somewhere else?

Do you just tell them "I'm sorry, but we can't offer that right now." and sadly let them go?

Or do you realize that it's much easier to keep these valuable clients loyal than to spend more money attracting new ones, and find ways to give them what they need?

There are no hard & fast rules for answering this kind of question, but it's a situation most business owners will eventually have to face.

It's calledrepparttar 121337 CUSTOMER GROWTH PHENOMENON -- and if you prepare yourself early on in order to meet its challenges, it could meanrepparttar 121338 growth & success of your business as well.

Evolving Customers = Evolving Needs ----------------------------------- General Motors understands that their customers inevitably change, and so created their different car models to adjust to those changes.

While their clients are young and have generally moderate incomes, GM offers themrepparttar 121339 sturdy & reliable Chevrolet. But as these consumers grow older and get better jobs, GM capitalizes onrepparttar 121340 trust they already established by offering themrepparttar 121341 performance-driven (and more expensive) Pontiac. A few more years later GM assumes they have climbedrepparttar 121342 corporate ladder and feel deserving of a well-earned break… so they use their same established relationship to sell them onrepparttar 121343 luxuries ofrepparttar 121344 high-priced Cadillac.

Inrepparttar 121345 same spirit of customer retention, soft drink manufacturers have come up with low-calorie diet versions of their products, while breakfast cereal manufacturers createdrepparttar 121346 executive "power breakfast bars."

The fact is, these businesses owners know that marketing isn't just about getting new clients to notice them and buy their products ONCE.

5 Strategies for Getting Market Feedback (While Effectively Marketing Yourself)

Written by Tatiana Velitchkov


Running a successful business doesn't simply involve selling or providing a great product or service.

It also means knowing exactly how your clients feel about your current offerings, so you can changerepparttar way you do things and better serve their needs.

The beauty ofrepparttar 121335 Internet is that it makes this necessary feedback mechanism more speedy & convenient for bothrepparttar 121336 business owner andrepparttar 121337 surfer -- especially when conducted over a dynamic business website.

So why are many companies still inrepparttar 121338 dark about what their customers REALLY want, and end up saying goodbye before they can even ask why?

If you'rerepparttar 121339 kind of business owner who wants his current clients to stay, then consider these 5 strategies for getting their valuable insights & feedback... while endearing yourself to them as someone who actually listens and cares:

1) Polls / Surveys

Most people want their opinions to count. That's why most surfers are inclined to cast their votes whenever a website politely asks them to.

You can use this to your advantage by using polls & surveys to know your potential clients' preferences, particularly when it comes to your products & services.

When conducting any kind of poll online, just remember 3 things:

1. Make it QUICK.

Keep in mind that your surfer has other things to do (like fill out your order form), so limit most polls to just one question each.

2. Make it CONVENIENT.

Create drop down menus or radio buttons for your surfer to click on, so they won't have to waste time typing in repparttar 121340 whole answer.

3. Make it WORTHWHILE.

If you wantrepparttar 121341 most number of feedback inrepparttar 121342 shortest possible time, offer a prize for specific "lucky voters," withinrepparttar 121343 range of respondents that you expect for your survey.

If you have 1,000 prospective voters, for example, you can award voter number 500 with your premium service package at halfrepparttar 121344 price, and grant voter number 1,000 repparttar 121345 entire package for free!

Just make sure you have allrepparttar 121346 contest rules clearly stated before you ask for their votes... or they might vote against you & your business forever.

2) Message Boards

Message boards hold their own appeal for surfers truly interested inrepparttar 121347 topics your website usually covers.

When moderated properly & promoted regularly, they can become "virtual hangouts" where people:

- share their knowledge & opinions - offer advice / ask for help - or simply meet other people withrepparttar 121348 same interests.

Although some clients with tight surfing schedules find that "having to go online and visit a specific URL" is rather taxing, you can makerepparttar 121349 idea more attractive by:

- stimulating dynamic discussions in your board by raising current & compelling issues

- regularly telling your casual surfers aboutrepparttar 121350 hottest ongoing debates & topics inrepparttar 121351 forum

- and directly asking people to offer their own insights, while providing an easy-to-click link or URL.

3) Mailing List

The mailing list is very similar torepparttar 121352 message board, in that it encourages discussions among your clients & would-be clients. The only difference is that everything here is done through email, and members aren't required to go online to interact.

Just likerepparttar 121353 message board, however, there are 3 secrets to effectively using mailing lists to gain useful feedback:

1. Keep all discussions FOCUSED onrepparttar 121354 same general topic -- preferablyrepparttar 121355 field/industry you're doing business in.

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