Attracting new customers versus retaining existing customers

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When we think of marketing our businesses, most of us focus our attention on getting new customers. It always feels more constructive and is more financially appealing to gain new customers, but unless your business is a new one, it is worth looking at how to gain more value out of your existing customers too.

New customers

ID-10058851Who are they? You may want to attract new customers to build your customer base. In order to find those elusive ‘first time buyers’, you need to think about who you are trying to attract. What kind of customer does your business appeal to? Is it men, women, families, people who like sport? Think about who you need to target.

Where are they? Once you know who you are targeting, you can look at where they are and how you can contact them – are they online or offline? Are they in a particular area? If you are selling sports items for example, you know that you could find your potential customers at the gym or at health clubs.

How do you contact new customers? If your customers are online, you could target them through social media, blogs and forums. You can advertise online in business directories or online publications.

For offline customers, you could advertise in local free papers, put out flyers in places you know they will be, such as gyms, health clubs, hairdressers or beauty salons, for example. You could also attend networking meetings or conventions where you can meet new people face to face. Always carry your business cards, so you can give them out or leave a small stock wherever you go.

Solve a problem

ID-10018705You need to be seen as an expert in your field, so try and solve a problem for potential customers. Think of something that your products can do for them – this gives them a reason to try your products. It might be that you sell beauty products and you have the latest ‘big thing’ that makes wrinkles disappear! Sell your product as a solution to a problem and people will want to try it. This could be done face to face, or you could write a specific blog on a particular product or service you offer.

Collaboration

It might be that your products or services work well alongside another product or service. So, team up with another business and sell your products or services together. For ID-10086506example, if you sell beauty products and you know a hairdresser, you could team up as a full beauty package. Link to each other on your websites and mention each other in your blogs.

Obtaining new customers is all about building new relationships, so take every opportunity to do just that.

Retaining existing customers

We all want to grow our customer base, but if you focus on growing your existing customers, you are more likely to keep them. If you have lost customers, have you ever taken a step backwards to work out why? We all spend a lot of time and effort trying to get new customers, but we must never lose sight of keeping a relationship with our existing customers.

Repeat sales

Once the initial sale has been made, it’s important to build on that relationship….thank them for their custom and remind them why it was such a good decision to buy from you in the first place. Getting to know your customers and giving them what they want will create loyalty and they will return to you again and again. I once employed a general ID-100283685builder to lay a patio…whilst laying the patio, he mentioned that he was Corgi registered, so I promptly booked him to service my gas boiler. He always arrived on time, cleared up after himself and was chatty and friendly and made me feel that my custom really mattered to him. So, when the massive wall that surrounded my property partially came down in very high winds, he was the first person I called. My point is that from doing a small job, he ensured I knew what else he could do, left a card, and was so friendly, I remembered him. I knew he could solve the problem I had and trusted him to do the work well.

Bringing back old customers

Do you have customers that you haven’t heard from for a while? These customers know you and your products already, so it’s a matter of getting back in touch and reminding them that you’re still here. You could ask them why they’re no longer buying from you, ID-100148914endeavour to overcome any problems, and show them that you still value their business. Sometimes, all it takes is to reintroduce yourself – a customer may just have forgotten that they had bought from you in the first place and immediately be interested in other or new products you have to offer. If you sell gift items, contact them in plenty of time to buy gifts for Christmas…and of course, that can be your opening gambit!

Customer Service

ID-100245378I know that I bang on about customer service in most of my blogs, but it is so important to every aspect of your business. If your customers have an exceptional experience, they will come back for more. Helpful, friendly, go the extra mile – all these things, along with an excellent product that solves their problems, will keep your customers happy…. and happy customers are loyal customers.

 

Images courtesy of 1) renjith krishnan 2) Salvatore Vuono 3) David Castillo Domenici 4) hywards 5) Mister GC 6) stockimages at FreeDigitalPhotos.net

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