Archive for category Good Business Practice

Going the Extra Mile Wins Customers

Posted by on Thursday, 12 November, 2009

That anecdote about a Rolls-Royce owner who got his 2-year old Rolls stuck in deep muddy snow unable to start its engine and the response he got from the RR company always figure in my mind as the best example of customer care that lets your customer know how valuable you are to them. 

Rolls dispatched a mechanic right there via a rented helicopter within an hour of the customer calling for help.  Now, can you do that for your customer?  Of course, you’re not in the same business but how far will you go to help a customer with a failed product bought from you? 
Every business should follow this example.

Unless you have a really shoddy product that fails miserably, going the extra mile will bankrupt you faster the setting sun.  But if you are fully confident about the product you are selling, consider going the extra mile as an investment in customer relationship management.


It’s the Time of Year Once Again

Posted by on Thursday, 12 November, 2009

Just a reminder, Christmas is just around the corner.  Even a greeting card goes a long way as a marketing tool for your business.  For frequent patrons, a decent food basket, desk organizer or even a lowly desk calendar won’t dent your finances at bit.

Client gifts never fail to add some mileage to your marketing effort as a reward to customers who have given you good business during the year. And customers appreciate this more than you think, putting you at the top of their consciousness the next time they think of getting product or service you carry.

So start making a list and buy those customer gifts if you have not done it already.  You have about a month to do it.  Bear in mind that the gift giving period should happen before Christmas Eve, or it would be too late.


Rewarding Customer Loyalty

Posted by on Thursday, 12 November, 2009

Airlines have been at the forefront of rewarding loyal passengers with those frequently flier clubs that entitle big fare discounts based on the mileage they’ve traveled with them or their partner airlines.  Yup. Those mileage points pile up if you travel with airlines that are part of their alliance. 

Can small business with small profit margins take the same route? Why Not?  Customer loyalty should always be rewarded.  Frequent buyers or even first time buyers appreciate an email or two that remind them how wonderful it was to get their business with even token discounts or special products that are in the same league as their previous purchases. 

Amazon does this form time to time.  In fact, the site knows your last purchases and recommends new items the next time you visit their site.  I think it pays a lot to get something like this offered in your business.


Making Business Relationships Last

Posted by on Thursday, 12 November, 2009

Companies can’t be standalone islands.  Just like any human being, and because companies are social entities, they need to create and nurture relationships with both people and fellow companies in order to grow and prosper. Ed Wallace has come out with a book entitled Business Relationships That Last that dramatically emphasizes this. 

With more than 25 years in corporate America, Ed Wallace chronicles his proven principles on building and maintaining lasting relationships. His books essays five steps that can transform simple contacts into business partners with real-life anecdotes and insights from his own experience.  It’s a program any company large or small that looks at networking as a business opportunity to add to his corporate library.


Give Your Customers a Break These Holidays

Posted by on Thursday, 12 November, 2009

It’s not altogether unusual to give sales discounts during holidays.  Online retailers can take a hint from their brick-and-mortar siblings who normally give thanksgiving, Christmas, Valentine or Mother’s day discounts to their patrons.  One option online retailers can take is to offer a Free Shipping Day on those holidays.  This means a lot to online shoppers as shipping costs are a major add-ons to online purchases.

FreeShipping.org is an online free shipping coupon site designed to ensure online retailers can take orders up to the last day before the holiday sets in and still guarantee product deliveries on Christmas.  Studies have shown that online orders decline starting the 12th of December in anticipation of shipping delays due to the volume of orders that many shoppers fear won’t get to them in time for Christmas if they order any closer to it.

Offering free shipping somehow alleviates this concern and shoppers won’t mind ordering up until Christmas Eve if they can be guaranteed free shipping.

A lot of online shops like those from Bloomingdales and Macy’s took advantage of this and saw their sales spike on Christmas Day itself. Knowles expect a repeat of this Christmas with more than 500 retailers getting on board.  If you can afford to shoulder the shipping cost just for one day, you get advertising mileage as well with your company logo and free shipping posted at the FreeShippingDay.com site.