2206: 8 Undeniable Tips To Keep Customers For Life by Brian Tracy on Customer Retention

[00:00:00] Observe. The North American Dad. 50s. Great Polo Collection. He enters his vehicle information on Carvana. An offer appears in minutes. Remarkable. He squints, reads it again, smiles and says, dang, that's a good offer. The highest form of approval. No haggling. No hassle. No one called him boss. He's still on the couch. Astonishing. Sell your car today on Carvana.com. Pickup fees may apply.

[00:00:30] Pink Pantheress here. Coach and Spotify are teaming up to bring music and style together, and they want you to be part of it. Grab your friends and head to the Tabby Tour, hitting cities around the country with live performances from special artists, exclusive experiences, and personalized products. And discover custom playlists on Spotify, built just for you based on who you are and how you listen. Live your story with Coach. Learn more at Coach.com.

[00:00:55] This is Optimal Work Daily. 8 Undeniable Tips to Keep Customers for Life by Brian Tracy of briantracy.com.

[00:01:08] If you asked your customers to rate their satisfaction with your service, would they give you wonderful reviews? A direct sale to a customer today can cost more than $400 in terms of time, travel, advertising, lead generation, and other expenses. Acquiring a customer at this cost can put a company out of business.

[00:01:28] Unless that customer buys again and again. The best salespeople and the best companies implement strategies to acquire customers and to keep them for life. Your goal must be to help you in the future. Your goal must be to develop long-term customer relationships and then hold on to them in the face of ever more aggressive competition. When you install a customer acquisition and retention strategy, you must do more to build and maintain long-term customer relationships than ever before.

[00:01:56] By continually thinking in terms of customers for life, your success in sales will be assured. I want to share 8 of my favorite tips with you so you can increase customer satisfaction and keep customers for life. 1. Always focus on the second sale The first sale with any customer is always the hardest and most expensive, but it's the second that is the most important. The second sale is the proof that you have delivered on the promises you made during the first sale.

[00:02:26] In reality, you actually go out each day and you sell your promises to people in exchange for their money. You promise that your product or service will give them certain benefits that they are not currently enjoying. When they come back and buy from you again, they are putting their stamp of approval on your offerings and confirming that you did deliver on your promises. 2. Resales and referrals are almost free

[00:02:52] Resales to satisfied customers are 10 times easier than new sales to new customers. A resale only requires one-tenth of the time and effort to achieve. This is why most successful companies measure their success by how often their customers buy again. A referral from a satisfied customer is 15 times easier to sell to than a cold call. Selling to a referral requires only one-fifteenth of the time, cost, and effort to make.

[00:03:18] In fact, if you have a good referral, the sale is 90% made before you walk in the door. 3. Create a golden chain of satisfaction and referrals Once you have made the sale and the customer is happy, develop a golden chain of referrals by asking everyone to refer you to other interested prospects. Ask confidently. Ask expectantly. Ask courteously. But always ask customers and even non-customers if they can refer someone else to you.

[00:03:48] When asking people for a referral, assure them that you will put no pressure on the person whose name they are providing. People are hesitant about sharing referrals until they are convinced that the friend or associate that they are referring will not be unhappy or angry with them for giving you their name. 4. Generate word-of-mouth advertising The most powerful method for you to generate referrals in today's competitive marketplace is by triggering word of mouth on the part of your happy customers.

[00:04:16] Your aim is to make your customers part of your sales force by getting them to actually sell for you when they talk to other prospective customers. Do you want to know how to motivate them to do this? The way that you motivate your customers to sell for you is by giving them outstanding customer service. The most important element of outstanding customer service is always speed. Speedy response to questions, concerns, and inquiries is a key measure of how many referrals you are likely to get.

[00:04:44] Fast, continuous customer care are essential tools for getting referrals. Practice the golden rule of selling. Serve your customers the way you would like your suppliers to serve you. Serve your customers the way you would serve your spouse, your mother, or your closest friend. Go the extra mile. Always do more than is expected. 5. Ask the ultimate question

[00:05:07] Fred Reicheld of Bain & Company studied the elements of excellent customer service for many years before finally concluding that theirs was one single question that was more indicative of the way that they were not going to be. The willingness of customer satisfaction and referral business is the highest level of customer satisfaction. He called it the ultimate question. Based on your experience with us, would you recommend us to others? The willingness of a customer to recommend you to others is the highest level of customer satisfaction.

[00:05:35] Very often, if you form a good relationship with non-customers, they will like and trust you so much that they will recommend you to others even if they do not by themselves. 6. Always ask for a review At the end of the sales conversation, you can ask this question. On a scale of 1 to 10, would you recommend us to others? Of course, your goal is to get a 10. When your customers give you a 10, they will become a raving fan. They will become a customer and brand advocate.

[00:06:06] And they will tell all of their friends to buy from you as well. But what if you receive a grade of less than 10, say a 7 or 8? You say, thank you for your answer. Then immediately ask, what would we have to do to earn a 10 from you next time? Keep asking your customers, how are we doing? And, how could we do better next time?

[00:06:27] The highest paid and most successful salespeople are those who develop a series of satisfied customers who buy from them again and again, provide faster and easier sales, are less price sensitive, and form the basis for the growth of any business. This is your goal as well. 7. Improve your customer service strategy. Develop a customer sales and service strategy that enables you to get and keep customers for life.

[00:06:54] This customer service approach does not happen by accident. It requires careful planning, discussion, and training of everyone who deals with your customers. All successful salespeople and businesses are known for how well they treat their customers. This must be your goal, always. 8. Take action. What one action can you take with every customer and prospective customer that will cause them to want to refer other prospects to you?

[00:07:22] Determine the one action or behavior on the part of anyone in your company that might reduce customer satisfaction and referral business. How could you eliminate it? And how fast? You just listened to the post titled, 8 Undeniable Tips to Keep Customers for Life by Brian Tracy of briantracy.com. Observe. The North American Dad. 50s. Great polo collection.

[00:07:51] He enters his vehicle information on Carvana. An offer appears in minutes. Remarkable. He squints, reads it again, smiles and says, Dang, that's a good offer. The highest form of approval. No haggling. No hassle. No one called him boss. He's still on the couch. Astonishing. Sell your car today on Carvana.com. Pickup fees may apply. Pink Panther is here.

[00:08:18] Coach and Spotify are teaming up to bring music and style together, and they want you to be part of it. Grab your friends and head to the Tabby Tour, hitting cities around the country with live performances from special artists, exclusive experiences, and personalized products. And discover custom playlists on Spotify, built just for you based on who you are and how you listen. Live your story with Coach. Learn more at coach.com. And thanks so much to Brian for letting us read this post today.

[00:08:47] Brian Tracy is the chairman and CEO of Brian Tracy International. He and his company help people achieve personal and business goals quickly and easily. Brian has studied, researched, written, and spoken for 30 years in the fields of economics, history, business, philosophy, and psychology, and is the top-selling author of over 70 books.

[00:09:08] His talks and seminars on leadership, selling, self-esteem, goals, strategy, creativity, and success psychology are super effective in creating not just immediate changes, but also long-term results. Brian is also active in community and national affairs and is the president of three companies headquartered in Solana Beach, California. So come by his site, BrianTracy.com. And again, a big thank you to Brian for letting us share his work. Hope you enjoyed it.

[00:09:37] And please do hit subscribe or follow in your podcast app if you haven't done so yet. That really helps us a lot in terms of keeping this show going. So enjoy the rest of your day and I'll see you right back here tomorrow where your optimal life awaits. If the updates this show because I want to turn down to 0,060,940,919,020,019 docs and allows theimportant support to content to share that number well.