|
|
Like this article? PLEASE +1 it! |
|
profitable customers Tagged Articles
|
Develop Customer Centricity with CRM
| |
| Contrary to popular belief, Customer Relationship Management (CRM) is not a system, or a technology, or a simple application. CRM is a holistic strategy that places customers at the center of all business operations. Some call this customer-centricity; others coin this approach as listening to the “voice of the customer.”
Regardless of semantics, CRM is the integration of people, processes, and technology, which allow a company to leverage its information assets to identify, attract, and retain profitable customers. CRM applications should not be viewed as the Holy Grail that will fix all your business challenges; they are simply facilitators.
|
|
|
Build Your Boats Before You Need Them
| |
| A lot of folks thinking about starting a business spend all their time doing the typical start-up stuff like incorporating, finding office space, and designing business cards. All good and needed steps mind you, but don’t neglect the most important step. |
|
|
Are You Waffling?
| |
| Politicians are often accused of waffling between stances on issues in an attempt to broaden or redirect their appeal.
Well, I’ve run across a small business or two plenty guilty of the same. |
|
|
Jedi Mind Tricks: How to Get $250,000 of Advertising for $10,000
| |
| In December 2008, well-known marketing consultant John Jantsch asked me what my small business predictions were for 2009. This was my answer: |
|
|
The Top 10 Common Pricing Mistakes Most Companies Make
| |
| Price strategy is emerging as the most important resource for companies to increase their competitive advantage. The vast majority of companies have spent years achieving gains through cost cutting, outsourcing, process re-engineering and the adoption of innovative technologies. However, the incremental benefits from these important activities are diminishing, and companies need to look at other areas to improve their business results. Savvy companies are implementing price optimization schemes and focusing on building their organization to serve their most profitable customers. |
|
|
Five Ways to Increase Profitability By Doing The Right Thing
| |
| Ethics is actually more profitable! Author and consultant Shel Horowitz, founder of the Business Ethics Pledge, shows how taking the ethical high road-and forming partnerships with your competitors-increases revenues and lowers costs. |
|
|
Assign marketing budgets that break the bank!
| |
| That's right, break the bank with profit. Profit is achieved by maximising your margin on increased sales. Spending money on marketing wisely will mean your costs can be contained, while sales revenues increase. But how do you do that? This article discusses why measurement of everything, marketing that you do, is so vital. |
|
|
CRM: Who are your most profitable customers?
| |
| By knowing the answer to that question, you will discover how to multiply your profits. Let e ask you another question, if you knew who they were would spend most time with them? Now be honest, have you ever thought to really look at who your most profitable customers are, what similar characteristics they have, what made them be your best customers. |
|
|
How to Increase Sales Is Process Driven and Begins with Existing Customers Not New Ones
| |
| So you want to know how to increase sales? Maybe you are looking in all the wrong places as that old song goes. Have you considered revisiting your existing customers to begin a process to help them grow instead of focusing on your sales growth? |
|
|
How Many of Your Customers Are Profitable?
| |
|
The provision of value should be a two way street. If providing value to your customers is essential for long-term prosperity, then so is accurately measuring the value you receive in return. This article explains how to calculate the profitability of one’s customers, and offers some thoughts on how to treat the profitable and unprofitable.
|
|
|
Your Profitability is Determined by the Customers you Keep
| |
| We've all heard the adage "not all business is good business". With that being said, we are all trying to keep cash flow robust and are challenged to turn any business away. So what can be done in situations where we know the business is not good for long-term profitability and will demand the continued commitment of precious resources? |
|
|
Medium is Beautiful
| |
| Who are your best customers? It’s a question I often ask my clients. And the answers I most often get are either “the big ones” or “the small ones”.
But is this really so? My experience has show that in fact, it's often the "medium sized" customers who are the most valuable.
|
|
|
Getting Recommended By Others Will Increase Your Profits
| |
| Over the past 30 days you have purchased many items and services. If you are like most of us you are completely satisfied with the products and services you purchased. But how many of the sellers have you recommended to your friends, family and colleagues? If you are completely satisfied why haven’t you recommended the sellers to other? I know you are busy; it is not at the top of your mind. Not a priority. You have come to expect satisfaction from the sellers you buy from. You just have not thought about it. |
|
|
‘Aggressive’ is not a 4 letter word
| |
| Aggressive Marketing and Selling is the key to selling success
in your fierce competitive market |
|
|
Increased Aggressive Selling = Increased sales
| |
| Aggressive Selling IS the key to selling success in your fierce competitive market
|
|
|
Is Your Business a Front-runner?
| |
| Creativity in marketing is crucial if you want to join the ranks of the front-runners.
• A front-runner business constantly improves its selling skills and techniques.
• A front-runner business is the customer’s first choice.
• A front-runner business is designed to make a profit. |
|
|
To Romance or Not To Romance
| |
| Like most endeavors, there is more than one way to do things. When I asked longtime married couples how their relationship started and grew they unanimously told me, “We started slow, got to know each other and built a lasting relationship. “Now, I am not a romance consultant. I am a marketing consultant, but the same technique that works to sustain long and happy marriages for a lifetime of happiness, works for gaining and retaining your most profitable customers for a lifetime of profitable selling. |
|
Other profitable customers Related Articles
|
Measuring Customer Profitability
| |
| How does a business measure the profitability of their customers? It’s not easy. Learn about several methods that could help you focus more energies on those profitable customers while avoiding wasting your valuable resources on the unprofitable ones. |
|
|
Top 10 Ways To Create A Hot Customer Loyalty Program
| |
| Having loyal customers is highly important in many businesses today. Repeat business can make the world go around as well as the highly profitable word of mouth advertising. Face it, if your customers are telling others about the great experience that they had with you then you are going to get some customers that did not cost you a dime in advertising costs. But the question is, how does one build top notch customer loyalty?
|
|
|
10 Ways To Improve Customer Loyalty
| |
| Having loyal customers is highly important in many businesses today. Repeat business can make the world go around as well as the highly profitable word of mouth advertising. Face it, if your customers are telling others about the great experience that they had with you then you are going to get some customers that did not cost you a dime in advertising costs. But the question is, how does one build top notch customer loyalty? |
|
|
To Romance or Not To Romance
| |
| Like most endeavors, there is more than one way to do things. When I asked longtime married couples how their relationship started and grew they unanimously told me, “We started slow, got to know each other and built a lasting relationship. “Now, I am not a romance consultant. I am a marketing consultant, but the same technique that works to sustain long and happy marriages for a lifetime of happiness, works for gaining and retaining your most profitable customers for a lifetime of profitable selling. |
|
|
How Many of Your Customers Are Profitable?
| |
|
The provision of value should be a two way street. If providing value to your customers is essential for long-term prosperity, then so is accurately measuring the value you receive in return. This article explains how to calculate the profitability of one’s customers, and offers some thoughts on how to treat the profitable and unprofitable.
|
|
|
Entrepreneurs – Remember Your Customers So That They Don’t Forget You.
| |
| Customers are expensive and difficult to find. Repeat customers are far more profitable than new customer as you have already paid to obtain them. So when you have good customers how do you hold on to them? Here are a few strategies for you. |
|
|
List Building – Using The Power Of Article Writing.
| |
| After looking after your customers, list building should be the most important business task that you undertake. Without customers you are lost. With repeat customers you are more profitable. Your list is so important that a large responsive list can be place on your balance sheet. So how can you build your list using article writing? |
|
|
CRM: Who are your most profitable customers?
| |
| By knowing the answer to that question, you will discover how to multiply your profits. Let e ask you another question, if you knew who they were would spend most time with them? Now be honest, have you ever thought to really look at who your most profitable customers are, what similar characteristics they have, what made them be your best customers. |
|
|
Why customer lifetime value is the most important measurement in your business
| |
| When I ask, all the people that I meet in business, if they know their top 10 customers, most proudly announce that they do. Then, when I then ask who their top 10 most profitable customers are, it is normally a very different look. Do you know? And why would you care? This article explores the importance of knowing the lifetime value of your customers and how to calculate it. This way, you can spot trends as they happen, and make the most from them.
|
|
|
Be a Friend to Your Customers
| |
| By being a friend to your customers you can build your business. Learn how one business owner practices this basic rule of success to attract more customers and help make his business more profitable. |
|
Featured Article
Sources of Financing for Working Capital Cash flow in Canada
by: Stan Prokop, Canadian Business Financing
Newsletter
Get advice & tips from famous business
owners, new articles by entrepreneur
experts, my latest website updates, &
special sneak peaks at what's to come!
Get advice & tips from famous business
owners, new articles by entrepreneur
experts, my latest website updates, &
special sneak peaks at what's to come!
Popular Articles
Good News Travels Fast
4 Steps To Hypnotize Your Business Prospects
Providing Feedback
Good News Travels Fast
4 Steps To Hypnotize Your Business Prospects
Providing Feedback
Suggestions
Email us your ideas on how to make our
website more valuable! Thank you Sharon
from Toronto Salsa Lessons / Classes for
your suggestions to make the newsletter
look like the website and profile younger
entrepreneurs like Jennifer Lopez.
Email us your ideas on how to make our
website more valuable! Thank you Sharon
from Toronto Salsa Lessons / Classes for
your suggestions to make the newsletter
look like the website and profile younger
entrepreneurs like Jennifer Lopez.