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KnowingYour Customers

Once you've been in business for a little while you will have a pool of existing or past customers. This pool is one of your biggest assets and one way of using this asset is to find out more about these customers, their experience with you and what they think.

The reasons for doing this is are several:

  • Your customers have already bought from you; you want more people like them;
  • Your customers know how well you did; you need to know this too;
  • Your customers know what you do well; you need to know this to improve;
  • Your customers have probably bought from your competition; they can compare and tell you;
  • Your customers will buy from you again if they think you are constantly improving.

Finding out about your customers should be an on-going activity. Follow-up with customers who have made major purchases, include questionnaires with bills, make a point of personally speaking with some of your customers from time to time and make sure complaints are handled well. But even if all this is being done there will be gaps. Even small businesses which have the intention of carrying out all these activities will occasionally fall behind with their customer information.

One way to up-date your files is to send out a questionnaire to all your customers or at least to your best customers. It should deal with your services, the customer's work, the customer's satisfaction with your company and a comparison with other companies. To increase the response rate you will probably have to offer a discount or other small gift but, once the information is in, you can target your existing customers for new business and you will have a much clearer idea where your new customers are likely to come from.

FIRST PUBLISHED AT SUITE101.COM