Marketing Words of Wisdom on Customer Retention

Keeping Good Customers

The world in which marketing takes place has changed, and continues to change at a rapid pace.

Customers, customer needs, and the motivations for making purchasing decisions are also changing. Often at an equally rapid pace.

Plus, the natural loyalty of customers is becoming a thing of the past, not just because customers have become more fickle but also because a large majority of organizations do not exhibit tendencies that deserve customer loyalty.

Here are three pieces of advice from our new book Marketing Words of Wisdom that I regularly give to clients on how to build customer loyalty and keep good customers:

Rational marketing ignores half a customer’s brain.

Customers buy for both rational and emotional reasons. Persuade by reason, motivate through emotion.

This is the Yin and Yang of marketing.

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The secret to Customer Retention Marketing is TLC (think like customers).

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A person or business is not your customer until the second time they buy. The first time they purchase they are merely a trial user.

 These are three steps that any business — particularly smaller businesses and start-ups — can put to immediate use to build a loyal customer base and convert trial users into good customers.

For more of my thoughts on how to use marketing as a business driver, Marketing Words of Wisdom is available at Amazon in both paperback ($5.88) and Kindle ($2.99) formats

Note: Marketing Words of Wisdom will be specially priced at just $0.99 in Kindle on July 28 – August 1.

Marketing Words of Wisdom

Marketing is not rocket science.

In fact, marketing is more art than science, though there are some scientific and measurable aspects to marketing. But what to measure?

Here are three quotations from our new book Marketing Words of Wisdom containing advice I regularly give to clients on what to measure and how to differentiation advertising from branding:

 

There is a misplaced focus on marketing metrics today.

The number one thing to measure is your customers’ propensity to repeat their business with you.

Secondly, measure how likely are they to bring to you new customers or to refer potential customers, colleagues, and friends to you.

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A competitive advantage is what you do different from and/or better than your competition.

It is the service, product, brand identification, guarantee, or anything else that motivates the customer to give you his or her money because price is no longer the main issue or the deciding point of differentiation.

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An advertising campaign should be timely. A branding campaign should be timeless.

 

Now I realize that this is not how many of the big agency firms approach these topics. But my focus is more on helping non-marketers, business owners, and entrepreneurs get a firmer grasp on how to build their businesses and retain good customers.

For more of my thoughts, Marketing Words of Wisdom is available at Amazon for just $5.88 in paperback and $2.99 in Kindle.