Drew's Marketing Minute header image 1

Concentrate on the old this week

July 23rd, 2007 · 7 Comments · Customers/Clients, Strategy

Customer_2 Current or past clients are a goldmine of potential new sales.  Here are some of the advantages of selling to someone who has already bought from you:

  • They know who you are and trust/like you enough that they've done business with you
  • They are more likely to take your calls than a prospect
  • You'll be able to get past their gatekeeper
  • They've already experienced your product
  • They are also great referral sources
  • They are the source of testimonials
  • If they had a good experience, they will want more

Of course, if you fade away and lose touch, they will lose interest.  So you want to be sure that an element of your marketing/sales plan include staying in touch with these very valuable customers.

Of course, you're going to have to talk to them differently.  It's like the difference between talking to a stranger and talking to your cousin.   

If you are like most businesses, you spend a disproportionate amount of your time chasing strangers and not enough time talking to old forgotten cousins. 

Do you have a cousin or two that you should reach out to this week?  Do you have something relevant to say?

Reblog this post [with Zemanta]
Share |

7 Comments so far ↓

  • sherry Borzo

    You’ve inspired me with your challenge and your ideas Drew. I updated my sendoutcards database so that all my members and merchants are there and I can send them mailigs.

    For example, I will have a free coffee gig in September for all of them.

    I’m starting my directory of locally owned businesses with a goal of mid 2008 because of your ideas too.

    Great suggestion to work on the relationships with your existing customers. After all, they spread the word better than I can. Especially in my case since my goal is to build community.

  • Rush Nigut

    What a great reminder, Drew. It’s amazing how when I call old clients I almost always get new projects. It is by far the easiest way to get work.

    Rush

  • Becky Carroll

    Drew, I agree with you 100%. Most companies focus so much on “new” customers they forget about taking care of the “old” ones. Yet these customers are an organization’s most valuable asset.

    Thanks for keeping the issue visible. You rock!

  • Drew McLellan

    Sherry,

    If a company has a small budget for marketing, they should always spend more heavily on their current/past customers.

    The ROI and speed of the return will outweigh prospecting every time.

    Drew

  • Drew McLellan

    Rush,

    What would happen if you called 2 old clients a day?

    Drew

  • Drew McLellan

    Becky,

    It’s easy to get lured away by the shiny new toy. But we all need to remember that the love and money comes quicker from those who know us.

    What’s your best “current customer” strategy?

    Drew

Leave a Comment

Thanks for wanting to join in the conversation here at Drew’s Marketing Minute. We want to hear what you have to say. But, if you don’t use a real first and last name (as opposed to your company, your product or something you’re typing in for SEO back links) then please know I will delete your comment immediately.

CommentLuv badge