February 15, 2010

Client loyalty takes customer service to a whole new level.  It isn’t just about providing exceptional service.  It is about creating an entire experience for your clients.  Here’s why it is essential to solidify your customer’s loyalty:

  1. While a growing business needs to constantly capture new clients, the focus and priority should be on pleasing your existing client base.
  2. If your company fails to nurture your existing client base, your business will pay the price.
  3. You will also be limited in your ability to attract new clients if you can’t hold onto and satisfy your existing clients and clients.
  4. Referrals among repeat clients are 107% greater than non-clients.
  5. It costs six times more to sell something to a prospect than to sell that same thing to a client.
  6. Nurturing your existing client base is a strategy that will move you forward in increasing your sales by 50% without increasing your budget.
Thanks and let us know your thoughts. I encourage you to leave your comments or questions below.

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Article by Kelly K. O’Neil, Million Dollar Marketing to the Affluent Coach and Creator of the Marketing to Millionaires™ Programs

One Response to “The 6 Essential Reasons You Must Create Customer Loyalty”

  1. Bruce Brown Says:

    Good post, Kelly.

    Not only is it more effective to build your business by servicing and enhancing the experience for your existing clients, it also provides focus and clarity so you’re not distracted by wondering which of an infinite number of methods or technologies you could/should use to attempt to attract new clients.

    Bruce Brown
    http://beingbrucebrown.com

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