Casual Articles
#1 in Business Subscribe Email Print

You are here: Home > Business > Sales > Your Diamond Mine: Past and Present Customers

Tags

  • sports
  • maintaining
  • timehere
  • special offers
  • purchase histories

  • Links

  • Finding Quality Financial Advice Online
  • The Dental Infections,Root Canal Infections - Bacteria and Other Microorganisms Are Involved
  • Business Sales Leads
  • Casual Articles - Your Diamond Mine: Past and Present Customers

    Over The Top Sports Fund Raising Ideas Discovered
    With schools running on such tight budgets these days many schools are faced with the problems of cutting out programs because of lack of funds. Often sports are one of the first programs to go and so it is necessary to raise extra money to keep these programs going. Sports fund raising can be a lot of fun because there are so many different options to choose from. Many people recognize the importance of sports not only to keep our young people healthy, but off the streets a
    >3. Regularly Communicate: No matter what business you are in, find methods to stay in regular communication with your customers. Ideas include a newsletter, ezine, holiday cards, coupons, and special offers. For some businesses, it may work to take a client out to lunch or send a hand-written note. And, don't forget the telephone!

    4. Offer Proof: Provide case studies and testimonials to show how you have helped other custo

    Private Labeled Bottled Water for the Hospitality and Lodging Industry
    The Hospitality and Lodging Industry in the United States is booming with strong growth in overall revenues and average price per room. Notwithstanding external factors such as international terrorism and the rapid rise in fuel costs, most industry forecasts predict continued growth in revenue.Recent studies show however, that the industry suffers from a considerable loss in revenue and profits because of ineffective differentiation of service offerings and branding.
    In the early 1900s, Reverend Russell Conwell - founder of Temple University - gave a popular speech called “Acres of Diamonds.” In it, he said:

    "Your diamonds are not in far distant mountains or in yonder seas. They are in your own backyard if you but dig for them."

    Whether you are a business owner, marketing professional, or other entrepreneur, it is crucial to remember your backyard diamonds are your past and present satisfied customers. You may currently be focusing most of your efforts on front-end sales. Once a sale is over, many businesses move on to getting the next new customer.

    The big mistake is not developing a continuing stream of sales from existing customers – ignoring their lifetime value.

    Your real diamond mine is in the continuing stream of sales that can be realized over the lifetime of your existing and past customers. Plus, it costs much more to acquire a new customer than maintaining a relationship. When you ignore customers you've already served, it's like throwing money away.

    Once you’ve made a sale, your customers know, like, and trust you and are more likely to buy from you a second time.

    Here are some tips for you to effectively mine your “acres of diamonds:”

    1. Organize Contacts: You have to be able to get back in touch with your customers again to be able to market and sell to them. Maintain a centralized database to organize names, addresses, and phone numbers. Keep track of purchase histories and interests.

    2. Collect Information: Depending on your business, there are a variety of ways you can collect customer data such as sign-up sheets, website forms, postcards, and so on. Be creative - use free offers, VIP programs, and contests to provide incentives.

    3. Regularly Communicate: No matter what business you are in, find methods to stay in regular communication with your customers. Ideas include a newsletter, ezine, holiday cards, coupons, and special offers. For some businesses, it may work to take a client out to lunch or send a hand-written note. And, don't forget the telephone!

    4. Offer Proof: Provide case studies and testimonials to show how you have helped other custom

    2007 Thoughts And Entrepreneurial Insights For The Over Achiever
    Do you have what it takes to win in business? Are you a hard charger, kick butt type person and an over achiever? Well here is some good news; in no other human endeavor does the over achiever have more of an advantage than in entrepreneurial pursuits. The over achiever who is willing to press on and remain committed and dedicated to persevere in their mission will indeed excel past their peers and fly over the nay sayer who proclaimed their mission impossible.Over ac
    customers. You may currently be focusing most of your efforts on front-end sales. Once a sale is over, many businesses move on to getting the next new customer.

    The big mistake is not developing a continuing stream of sales from existing customers – ignoring their lifetime value.

    Your real diamond mine is in the continuing stream of sales that can be realized over the lifetime of your existing and past customers. Plus, it costs much more to acquire a new customer than maintaining a relationship. When you ignore customers you've already served, it's like throwing money away.

    Once you’ve made a sale, your customers know, like, and trust you and are more likely to buy from you a second time.

    Here are some tips for you to effectively mine your “acres of diamonds:”

    1. Organize Contacts: You have to be able to get back in touch with your customers again to be able to market and sell to them. Maintain a centralized database to organize names, addresses, and phone numbers. Keep track of purchase histories and interests.

    2. Collect Information: Depending on your business, there are a variety of ways you can collect customer data such as sign-up sheets, website forms, postcards, and so on. Be creative - use free offers, VIP programs, and contests to provide incentives.

    3. Regularly Communicate: No matter what business you are in, find methods to stay in regular communication with your customers. Ideas include a newsletter, ezine, holiday cards, coupons, and special offers. For some businesses, it may work to take a client out to lunch or send a hand-written note. And, don't forget the telephone!

    4. Offer Proof: Provide case studies and testimonials to show how you have helped other custo

    Effective Promotions Through Local Classified Sites
    Today's online marketplace is extremely competitive. People want to market their products and services with the most cost effective manner possible. Some will market the old fashion way by placing ads in local newspapers while others will aggressively market on the Internet for less money. There are many online resources for marketing but the most attractive marketing medium is free online classifieds. The reaso
    ch more to acquire a new customer than maintaining a relationship. When you ignore customers you've already served, it's like throwing money away.

    Once you’ve made a sale, your customers know, like, and trust you and are more likely to buy from you a second time.

    Here are some tips for you to effectively mine your “acres of diamonds:”

    1. Organize Contacts: You have to be able to get back in touch with your customers again to be able to market and sell to them. Maintain a centralized database to organize names, addresses, and phone numbers. Keep track of purchase histories and interests.

    2. Collect Information: Depending on your business, there are a variety of ways you can collect customer data such as sign-up sheets, website forms, postcards, and so on. Be creative - use free offers, VIP programs, and contests to provide incentives.

    3. Regularly Communicate: No matter what business you are in, find methods to stay in regular communication with your customers. Ideas include a newsletter, ezine, holiday cards, coupons, and special offers. For some businesses, it may work to take a client out to lunch or send a hand-written note. And, don't forget the telephone!

    4. Offer Proof: Provide case studies and testimonials to show how you have helped other custo

    Why Do You Have a Job? Five False Beliefs That Lead People Into Jobs They Hate
    If you find yourself stuck in a job that you don’t enjoy or in a company that isn’t fun to work for, the first step to making a change is asking yourself, “How did I get here?” Your being here at this time in your life is not a random event. You have made choices and decisions along the way to get here. Your individual journey has led you to this exact point.And you are not broken. You don’t need to be fixed. No one is to blame. You have made choices based upon belief
    gain to be able to market and sell to them. Maintain a centralized database to organize names, addresses, and phone numbers. Keep track of purchase histories and interests.

    2. Collect Information: Depending on your business, there are a variety of ways you can collect customer data such as sign-up sheets, website forms, postcards, and so on. Be creative - use free offers, VIP programs, and contests to provide incentives.

    3. Regularly Communicate: No matter what business you are in, find methods to stay in regular communication with your customers. Ideas include a newsletter, ezine, holiday cards, coupons, and special offers. For some businesses, it may work to take a client out to lunch or send a hand-written note. And, don't forget the telephone!

    4. Offer Proof: Provide case studies and testimonials to show how you have helped other custo

    Hiring a Human Resources Consulting Firm Could Significantly Improve How Your Business Operates
    Human resources consulting firms have been helping companies for years training employees. Many firms advertise on the internet. When a company needs help in conflict resolution, time management, and other human resources responsibilities, they find a firm that will conduct a one or two day seminar to teach the human resources department new skills that will benefit the company. Human resources consulting can breathe new life into any human resources department.Here a
    >3. Regularly Communicate: No matter what business you are in, find methods to stay in regular communication with your customers. Ideas include a newsletter, ezine, holiday cards, coupons, and special offers. For some businesses, it may work to take a client out to lunch or send a hand-written note. And, don't forget the telephone!

    4. Offer Proof: Provide case studies and testimonials to show how you have helped other customers. In your communication, you can provide helpful information, offer seminars, and provide useful tips to keep your business on the top of your customers' minds and to remind them of how your company can help them.

    5. Testimonials Sell: For word-of-mouth, there is no one that can sing your praises like a satisfied customer! Nothing speaks louder to a potential customer that a peer. Ask for testimonials. Post these on your website or feature them in your newsletter. Remember, if you don't think to ask, they may not think to offer.

    6. Cross-sell and Up-sell: Make sure customers know the entire range of your products or services. Once your customer is in your sales funnel, they are much more likely to buy larger-ticket items from you. Based on their past buying habits, offer them the deluxe model, more options, or premium services.

    As you start to work your backyard diamond mine, I can't emphasize this enough - take good care of it. Appreciate your loyal customers by offering them special deals and incentives. You need customers more than they need your business.

    There will always be about 20% of your customers who will give you 80% of your business. These are the people whom should receive most of your attention, energy, and time. By concentrating on your best customers, your marketing efforts will become more efficient and cost effective. It also rewards these customers because they are getting the most personal attention.

    Keep in contact with your customers and keep them delighted. In return, they will continue to give you their business.

    HTTP = HTML link (for blogs, profiles,phorums):
    <a href="http://www.casualarticles.com/article/37710/casualarticles-Your-Diamond-Mine-Past-and-Present-Customers.html">Your Diamond Mine: Past and Present Customers</a>

    BB link (for phorums):
    [url=http://www.casualarticles.com/article/37710/casualarticles-Your-Diamond-Mine-Past-and-Present-Customers.html]Your Diamond Mine: Past and Present Customers[/url]

    Related Articles:

    Performance Metrics - Create a PNL Statement for Analysis

    Aircraft Cleaning Business; Soaps, Chemicals, Waxes and Products

    Building Clientele With Coffee And Tea

    Bookmark it: del.icio.us digg.com reddit.com netvouz.com google.com yahoo.com technorati.com furl.net bloglines.com socialdust.com ma.gnolia.com newsvine.com slashdot.org simpy.com shadows.com blinklist.com