To understand this we also need to understand why they stop buying!

One of the important lessons we have learned from past periods of political uncertainty is that we must continue to market and sell regardless of what is happening around us.

Those that market; gain and retain customers. 

Sales and marketing

I recently heard someone say, to stop spending on marketing to save money is as ridiculous as stopping your watch to save time!

Successful companies win during the periods of uncertainty and perhaps more importantly, they win even more when things have settled down. 

With this in mind, I thought I would share the results of a definitive marketing survey completed in 1997 and again in 2011 and again in 2016.

It ranks the reasons people buy from the people they buy from. This gives us an important insight into how to gain and retain customers. 

In reverse order, the top five reasons were as follows: 

5. Price:

During uncertain times, contrary to what some might say, price is even less important. Customers do become much more value focussed though. If your customers are arguing the price either they either can not afford you (so stop selling) or they do 
not see the value in what you are proposing. 

4. Range or Selection:

Having an enormous range is not the point here. Make sure you understand your customers well enough to offer them the choice they want. 

3. Product / service quality

The features of the product or service are important to your clients. They want to know how it will deliver the benefits highlighted in your marketing campaigns. Make sure you are good at what you do.

2. Customer service

Specifically, this means doing what is required to make sure your product or service does what it says on the tin. Sometimes we fall short and this is the time to go the extra mile. 

1. Confidence

Here we are – the biggest reason people buy from us is because they have confidence in us to meet their need better than our competitors. You need to maintain this confidence with regular contact so your customers remember that you care. Our own research has shown that 68% of customers who leave, do so because of perceived indifference. If you care about your customers; make sure you show it.

What Next:

Thanks for taking the time to read this article.

When you’re ready, why not schedule up a call with Johnny to discuss how to put the steps in place to accelerate your business growth plans.

A first chat costs nothing and we’re always keen to explore ways to help you achieve sustainable profitable growth…

Just click this link, it will show you availability in my calendar – just grab a slot that suits you and it will automatically set up and schedule a Zoom meeting and send all the necessary invitations to calendars and email… 

https://bit.ly/meetingwithjohnny


 

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