A solid customer retention program costs 1/6 what it takes to acquire a new customer, and the rewards are higher transaction sizes, faster sales cycles, and more referrals. What I’m getting at is, customer retention is a real bargain.
You don’t see Viagra ads during The Tyra Banks
Show, but you do see anti-depressants advertised during the Nightly News. As
far as timing, Viagra ads perk up (so to speak) just before Valentine’s Day,
and Claritin ads hit as allergy season ramps up.
Balance is hard to achieve in marketing. Clients usually contend they want piles of leads, all the time, (you too?) yet fail to realize that keeping customers is of greater importance. It’s less exciting, but more profitable, especially in a declining economy.
Whoo boy, changes everywhere. After my last speaking gig - which are always fun while being nearly permanently exhausting - I reflected on the variety of questions and personalities and found something very interesting.
The manufacturers creating new HVAC technologies are teaching others all about it.
Podcasts
Will Winchester, service manager, Poudre Valley Air, Fort Collins, Colo., joins the NEWSMakers podcast to discuss the latest court ruling about regional furnace standards. We discuss that, the process as a whole, how customers have responded, and much more.
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