the best way to connect with customers and clients
DESCRIPTION
http://kevinoefelein.com Today we’ll pick up where we left off, talking about newsletters and how they can help separate you from your competition. Newsletters are probably the number tool any business should be using in their marketing arsenal. When done properly, a newsletter can… Establish your authority Demonstrate your expertise Give you a better connection with your clients and prospects We’ve covered the first two, establishing your authority and demonstrating your expertise, in this message, linked below: http://kevinoefelein.com/3-ways-to-separate-yourself… Now let’s talk about number 3, giving you a better connection with your audience—your prospects, leads, and clients. But first, here’s a quick question: Do you know the number one reason a customer or client leaves a company? Perceive indifference on the part of the business. That’s right. Most customers and clients don’t leave because of under-performing or unsatisfying products or service. They don’t leave because of the competition is cheaper or of higher quality (God forbid). And only about 1% leave because they die (sorry there’s no helping that one). Most leave because they don’t feel wanted or needed by the company their currently doing business with. Now think of this… What’s your current customer or client retention rate? Even the best run companies in the world have 20% attrition, and most companies have 40%+ rates of attrition. Do you understand what that means? Even the best companies in the world have 100% turnover in just 5 short years. That means they can nearly double their business in 7 years, just by slimming that number down to an attainable 5%. For the average business with a 40% attrition rate, improvements to the bottom line can be astronomical if small changes are made and a slightly higher number of customers and clients are retained. And newsletters are probably the best tool at doing this. I want to cite one more stat that makes this point pretty well. The average business loses 10% of their customer bases’ response rate for each month they don’t make any meaningful contact with the customer or client. 10% a month! That’s huge… and it’s proven. Now, a monthly newsletter sent out to customers, clients, leads, and prospects is a meaning contact. And it’s a contact that sends a message. That message is… “We care, you’re needed, and we value you.” Just think of how much a simple and inexpensive newsletter can do for your business, when the majority of customers and clients leave because of indifference. I’d say this could easily improve your retention and put miles between you and your competition. What do you say?TRANSCRIPT
The Best Way to Connect
with Customers &
Clients
The Best Way to Connect with Customers…
Today we’ll pick up where we left off, talking about
newsletters and how they can help separate you from
your competition.
The Best Way to Connect with Customers…
Newsletters are probably the number one tool any
business should be using in their marketing arsenal. When done properly, a
newsletter can…
The Best Way to Connect with Customers…
1. Establish your authority
The Best Way to Connect with Customers…
1. Establish your authority2. Demonstrate your
expertise
The Best Way to Connect with Customers…
1. Establish your authority2. Demonstrate your
expertise3. Give you a better
connection with your clients & prospects
The Best Way to Connect with Customers…
We’ve covered the first two, establishing your authority
and demonstrating your expertise, in this message,
linked below:http://kevinoffline.com/link3
The Best Way to Connect with Customers…
Now let’s talk about number 3, giving you a better connection with your
audience—your prospects, leads, and clients.
The Best Way to Connect with Customers…
But first, here’s a quick question:
Do you know the number one reason a customer or client leaves a company?
The Best Way to Connect with Customers…
Perceived indifference on the part of the business.
The Best Way to Connect with Customers…
That’s right.
The Best Way to Connect with Customers…
And the key word there is “perceived.” It doesn’t even
have to be actual, real indifference on your part.
Just perceived indifference.
The Best Way to Connect with Customers…
Most customers and clients don’t leave because of under-performing or
unsatisfying products or service.
The Best Way to Connect with Customers…
They don’t leave because of the competition is cheaper or of higher quality (God
forbid).
The Best Way to Connect with Customers…
And only about 1% leave because they die (sorry
there’s no helping that one).
The Best Way to Connect with Customers…
Most leave because they don’t feel wanted or needed
by the company their currently doing business
with.
The Best Way to Connect with Customers…
Now think of this…What’s your current
customer or client retention rate?
The Best Way to Connect with Customers…
Even the best run companies in the world have 20% attrition, and
most companies have 40%+ rates of attrition.
The Best Way to Connect with Customers…
Do you understand what that means?
The Best Way to Connect with Customers…
Even the best companies in the world have 100%
turnover in just 5 short years.
The Best Way to Connect with Customers…
That means they can nearly double their business in 7
years, just by slimming that number down a very
attainable 5%.
The Best Way to Connect with Customers…
For the average business… with a 40% attrition rate,
improvements to the bottom line can be
astronomical…
The Best Way to Connect with Customers…
If just a few a tiny changes are made, they can bring about a higher number of customers and clients are
retained.
The Best Way to Connect with Customers…
Meaning more bottom line profits.
The Best Way to Connect with Customers…
And the part is, this is extremely do-able!
The Best Way to Connect with Customers…
And newsletters are probably the best tool at
doing this.
The Best Way to Connect with Customers…
I just want to cite one last stat that illustrates this
point pretty well.
The Best Way to Connect with Customers…
The average business loses 10% of their response rate from customers for each
month they don’t make any meaningful contact with the
them.
The Best Way to Connect with Customers…
10% a month!
The Best Way to Connect with Customers…
That’s huge… and it’s proven.
The Best Way to Connect with Customers…
Now, a monthly newsletter sent out to customers,
clients, leads, and prospects is a meaningful contact. And
it’s a contact that sends a message.
The Best Way to Connect with Customers…
That message is…
The Best Way to Connect with Customers…
“We care, you’re needed, and we value you.”
The Best Way to Connect with Customers…
Just think of how much a simple and inexpensive
newsletter can do for your business, when the majority
of customers and clients leave because of
indifference.
The Best Way to Connect with Customers…
And the average business out there is not even
thinking about making meaningful contacts.
The Best Way to Connect with Customers…
I’d say this could easily improve your retention and put miles between you &
your competition.
The Best Way to Connect with Customers…
What do you say?
Until Next Time…
Until next time,
Kevin Oefelein
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