Monday 31 October 2011

HOW TO HOLD ONTO YOUR CURRENT AND PAST CLIENTS


Existing Clients


Your existing clients are your best source of work. Everyone knows that! So why do firms constantly find themselves having to look for new clients? If you are able to retain your clients they will provide you with a solid foundation to build on. Client retention is paramount!
Why? Because its cheaper to hold onto existing clients than it is to win new ones and it provides the firm will a continuous supply of work.

So why not ask your clients what it is that they like and what they dislike about your firm, the way it operates and performs, how responsive and innovative it is and how user friendly are your staff and associates. Honest feedback from clients (and your supply chain) will help you to deliver the results they want and need i.e. how we can help to improve their lives and business performance. Such information will give you an opportunity to make any necessary changes and improvements which will in turn provide you with a fighting chance to retain their goodwill and friendship, and that will give you the business continuity you desire.

Ensure you are in sufficient contact with your clients i.e. be on their minds not on their nerves, so that they cannot forget you and are always abreast of the progress and improvements you are making.




Past Clients


With regard to your lost or ‘orphaned’ clients you should make a definite decision to go back to them to reactivate your business relationship. After all these people once knew you, liked and trusted you, that is why they entrusted you to do work for them in the first place. This can be done in many ways. Perhaps the easiest is just to pick up the phone and ring someone. You will find out if they are still buying what you provide and whether or not someone else has taken over from where you left off.

It’s unlikely that you will be able to get back into their good books easily and quickly. But if you make that first call and keep in touch you are likely to be given another opportunity at some point in time. So keep knocking on their doors. May be you should do some of the following:

  • Send them valuable pieces of information that will help them, this will make them realise that you consider them to be important and worthy of the extra effort.
  • Invite them to attend business seminars and events that are likely to be of interest to them
  • Keep track of the communications you and your colleagues are having with your past client. Use some form of Customer Relationship Management system to track the evolving extent of the progress you are making.
  • In a planned and coordinated way produce information that will help to build knowledge and trust.
  • When an enquiry or opportunity to tender is received ensure that it is given the appropriate level of consideration and attention. You don’t want anything to spoil all your hard work do you!

  
Summary


You should at all times strive to:

  • Deliver excellent service that exceeds the clients expectations
  • Keep in touch at all times by using a variety of methods
  • Actively speak to clients to keep abreast of their progress and any changes that are likely to come about. This will give you an insight into their changing nature of their various landscapes i.e. the industry they are in or are serving, and the challenges they are facing.
  • Send them useful information about their industry and about their competitors.
  • Provide them with copies of all your promotional and technical literature
  • Treat them as human beings, be personal and always be helpful and responsive.
  • Keep your promises at all times, never let them down but if you do immediately be open, honest and constructive. Put things right, don’t argue who is right!
  • Record all communications and transactions between you and your client.

  

If you are having any problems in these areas you know a man who can help you.

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