May 2005

Contents


  Listen to What Action Clients are Saying


Newsletter Archives


The Action Business Development Owners Report is for and about business owners.  It has one mission - to provide you with a wealth of knowledge, techniques and practical ideas to energize your business.  We believe that being in business should give you more of what you want out of life.  That's why we focus on a program called "Six Steps to Massive Results."  This program helps business owners dramatically increase their profits, create better teams and processes, while having more fun and MORE leisure time.

This Report is published by  Action Business Development Inc

Sandy Kemp and Jim St. James are the primary advisors associated with Action Business Development.  Sandy and Jim are Action International certified business coaches. 

About Sandy Kemp

About Jim St. James

Who Is Action International?

What Is An Action Business Coach?         

Mission Statement & Focus

Could You Benefit from Coaching?

7 Reasons a Mentor Gives You Competitive Advantage

Action Business Development Inc .
7030 Woodbine Avenue,
Suite 500
Markham, ON
L3R 6G2
416-483-9251                   905-943-4265


FREE Reports

To obtain one of the following FREE reports simply click on one of the links below and send us an e-mail.

Six Steps to Massive Results and a Business That Runs Without You!

24 Key Attitudes for Success Beyond Your Wildest Dreams

The 5 Biggest Small Business Marketing Mistakes and How to Avoid Them


Tell a Friend!

If you have a friend that might benefit from this newsletter, we invite you to forward it using the forward button at the bottom of this report.  There is no cost to subscribe to the newsletter and if you should decide that the newsletter is not of value to you, you may unsubscribe at any time by following the instructions at the end of this report  All subscription requests will be honoured.


Send us Your Questions & Requests!

We sincerely want to help you develop your business to get it to where you’d really like it to be.  We invite you to send us your business questions or requests for future topics. Please  click here and e-mail us.


Note

The information presented in the Owner's Report is presented for educational purposes.  Readers should consult their advisor regarding their own specific circumstances.
 

Customers Making Sales for Me…I'd Like to See That!

Create Raving Fans for Your Business

A key strategy to a successful business is getting your customers to come back again and again.  This area of business is vitally important to your overall performance, yet it is one few acknowledge.  Once you have done the "hard work" in developing a new customer, the next task is to keep them as a repeat customer.  Here is where your fortune lies!  Shifting your focus to those who currently do business with you has got to be one of the easiest things you can do; and the rewards can be staggering.

Creating Raving Fans
 
Raving fans are customers who are so over the moon with your business and the service you provide, that they will not only tell all their friends and colleagues about you, but actually bring them to you and help you make sales to them. 
 
It's a frightening fact of business life that we spend six times as much money attempting to attract new customers to our businesses than we do to up-sell, on-sell and generally service our existing customers.
 
Another frightening fact … 68% of customers who stop buying from an organization do so simply because of a perceived indifference.  The business actually didn't do anything wrong, the customer just thought the organization didn't care enough!
 
Would you like your customers to shout your name from rooftops telling people why, if they're not dealing with you, they're missing out on something special?  To do this focus on the ladder of loyalty process (based on "Up the Loyalty Ladder" by Murray Raphel).  You build and develop your customer relationship in steps:


Suspect - someone who fits your target market.  You must be clear on what is the perfect client for your business.  This will help you attract them in your marketing activities.
Prospect - someone who has taken action to find out about you and is interested in buying from you.  In this step, you collect information about them.
Shopper -- has purchased something from you.  You have them in your database and confirm their information details and are able to follow-up with them.
Customer -- has purchased from you a second time or more.
Member -- A customer who feels like they belong.  You have taken the relationship to the next level.  You may have given them a "member's kit" or loyalty benefit or card.
Advocate -- tells others about you.  They feel satisfaction and delight.  They talk about getting more than they expected.
Raving Fan -- does your selling for you.  They actually bring their friends to you and help you make sales to them. 
 
Here are some simple tips that you can introduce in your business today.  They will help advance your customers up the ladder of loyalty, keep them coming back and bringing their friends with them. 

  • Send them thank you cards.
  • Sell them everything they need to gain maximum benefit from the purchase.
  • Use their name frequently.
  • Call them just to make sure everything is going well.
  • Call them when something new arrives in stock that you know they would like.
  • Invite them to clients only events - new product introductions, advanced sales
  • Make them "members." Give them a "member's kit" or some type of member's benefit or loyalty card.
  • Follow-up and follow-up again.
  • Under promise and over deliver.

Try to implement just a few of these tips.   If you care for your customers, your customers will care for you and help you to grow your business.  It is as simple as that.

Would you like to learn more? Click here to arrange for a complimentary consultation (without any obligation).  Or call us at 416-483-9251 or 905-943-4265.


Announcing Action Profit Club

for GTA Business Owners

Are you ready to kick your business up a notch?  Then you'll want to read about this exciting new, cost effective approach to growing your business...  [FULL STORY]