Why Your Customer Retention Levels Are Getting Worse

It’s one thing encouraging customers to buy your products. It’s a whole other thing trying to convince them to stick around for the long haul. Customer retention is an important part of any business, and it must be monitored carefully. When it starts to falter, it can happen for a variety of reasons.

Customer Retention Levels

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We’re going to assume you’re in this position, so let’s take a look at how to get you out of it!

Your Customer Service Isn’t Responsive Enough

There’s one surefire way to get rid of a customer. Poor customer service. At the end of the day, a customer isn’t going to wait around for you to get back to them. If they’re angry, they’re expecting and often demanding a quick response. If your call center systems are slow or you don’t respond to emails, they’ll just become irater. This isn’t going to do your company any favors!

Your Supply Chain Management Isn’t Up To Scratch

The customer expects to be treated in a special manner. If they want next day delivery on something they’ve ordered from Spain, they expect it. After all, you’re the one that’s offering the service! Everything that happens between the order and the delivery needs to be perfect. So, your company’s supply chain solutions should make it easy for you to fulfill your requirements. If you start delivering late or failing to meet standards, you’re in trouble.

You’re Not Promoting Your Brand

This is incredibly easy to solve, but you’d be amazed at how many companies ignore it entirely. When you sell something, you’re selling the product or service and your brand. What good is a sale if no one can identify the company it came from? You should be utilizing marketing and design tips to make sure your company is recognizable. Otherwise, you’re not likely to be getting repeat business anytime soon!

You’re Not Taking Advantage Of Digital Marketing

There are a handful of companies out there that still haven’t delved into the world of social media. Is yours one of them?! It’s time to switch. When it comes to digital marketing, there are all sorts of possibilities for customer retention tactics. Facebook and Twitter are great ways to start, providing reminders and reaching new customers. Email marketing is also important for this purpose, as are websites. If you’re not taking advantage of digital marketing, you’re needlessly missing out.

You’re Boring Them

Guess what? Customers don’t care to check out what you’re offering if you’re boring them. You might create a professional-looking Facebook page, but what about your posts? If they’re dull and uninteresting, you’re not going to capture someone’s attention. The same goes for your products and services. If they’re dull, and you don’t provide support or a willingness to improve them, why would they buy from you again? Sometimes, poor customer retention isn’t due to ineptitude, but a lack of interesting innovations.

You’ve now got the knowledge to take control of your customer retention levels and steer them back on track. We wish you every success!

    Takis Athanassiou is an IT Consultant, Blogger, Trainer & Writer, active in the areas of leadership, business consulting, e-Learning and social media. He aims at the development of people, business and assets! You can check out his blog, add him in Google+ and follow him on Twitter.

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