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Greetings!
This month's newsletter is focused on customers -
thanking them, quantifying them, and finding them.
As we approach the end of the year it's a good time
to take stock, reinforce whats working and fix what's
broken.
I hope you find it helpful.
Giving Thanks
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The focus of November is the Thanksgiving
holiday. Giving
thanks is more than just a casual ?thank you?. We all
tend to
thank people without thinking: ?Thank you for the
referral?; ?Thank you for returning my call?; ?Thank
you for stopping in?. When was the last time you
really gave a gift of thanks to those who have put
you where you are today, something personal,
specific, and heartfelt? That?s what it really means to
give thanks.
I?ll go first. To my clients, thank
you for sharing your dreams, your fears, and your
ideas. You have given a gift to people you haven?t
even met because what I have learned from our
experience allows me to be a better coach. To my
readers, thank you for your support and feedback
because it validates, improves and energizes my
efforts.
Now it?s your turn. How can you give
a meaningful ?thank you? to your customers? First,
how thankful are you? Make your thanks relevant. If
more than 50% of your revenue is from just a few
clients you should be very thankful because without
them you would be lost. Next, what would they really
enjoy? Is it a card, a calendar, a gift basket or
something even more unusual? Finally, how will you
make it more personal and significant? Putting your
name on it might help them remember your name. A
handwritten note makes it even better. But, picking
something they would truly appreciate will help them
remember your service. And, delivering your thanks in
person gives you an opportunity to reinforce the
message. Above all, make sure this is something
heartfelt. Don?t do it just because you should, do it
because you truly enjoy it.
Happy thanks
giving!
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Focus on Sales
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You might think from my articles that my focus
is on relationships. It is. But we measure success in
business with numbers. Think about these different
ways of measuring, and improving, your success:
- Customers per contact - How many contacts do
you need to make to land a customer? Are you
making the right contacts?
- Revenue per customer - Are you focused on the
right customers? Can you grow the revenue from
existing customers?
- Retention - What percentage of your customers
are you able to retain?
- Lifetime value of a customer - What is the total
value of an individual customer based on revenue
plus the value of referrals less the cost of
maintaining that relationship over time? How
important are referrals to your success?
The numbers should give you a good idea of why you
are where you are. If you don?t like the numbers,
take action now to begin to change them.
It
really is about relationships.
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Networking Tips
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From now through the 1st of next year we'll
spend a lot of time at parties. For those of us who
are optimists, that means more networking. How can
you transform yourself from disinterested participant
to extraordinary player? Do what any good host
would do. Try to make sure the other guests feel
welcome, comfortable, and have an opportunity to
meet interesting people. What's important to your
success is not so much who you know, but who
knows you and how they remember you. Can you
think of a better way to impress the people you
meet?
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