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Tuesday, April 10, 2012

5 Tips for Creating and Maintaining Customer Loyalty


1.  (1)     Make customers love your product: Your product must have tremendous value, provide ease of use and enjoyment for your customers and ensure that there is strong support by providing solutions as well as guiding your customers.

2.  (2)      A Customer Success Team: Assign one executive on the team to be responsible for customer success.  Their duties will be to help clients discover the value they subscribed for as well as to provide training steps.  The key is to retain your customers for the long run to ensure growth and increased revenues.

3. (3)       Create a Customer Health Score: Implement a technology to define, track, and monitor your services relative to how the customer is utilizing them.

4. (4)      Nurture Your Paying Customers:  Acknowledge your customers and treat customers in poor health and good health differently.  Consider active users to take part in case studies or referral programs.  For customers in poor health, send them success stories or information that they can find useful to engage their interest.

5. (5)       Learn From Churn:  Create a churn database so that you have statistics on the customers that leave or cancel from your services.  It should have three sections which include, reason, membership duration and engagement trends.  This will help you to learn what is not working and create the most value for the most favorable amount of customers.          
     
       For more info visit: http://mashable.com/2012/04/09/customer-loyalty-tips/


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