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Recovering Old Customers

In my review of

The Incredible Profit Pulling Power of Client Reactivation

by Everte Farnell posted on Amazon.co.uk, I gave this book Three Stars. This means it is Worthwhile.

Here is my book review.

The two sections that don’t fit together

What we have here is a book with two parts.

The first is a short report by Everte Farnell on how to use direct mail to get back in contact with customers who have stopped buying from you with the intention of getting some of them to start buying again. These old customers are an important source of potential profit and, while what is written here is useful, much more could be said.

The second is an introduction to a book by Dan Kennedy which has been licensed by Everte Farnell. Kennedy says that he’s boiled down success to ONE ingredient but he’s not going to tell us in this book, just give us clues. Napoleon Hill did the same trick by referring to a hidden secret in “Think & Grow Rich” but that had plenty of content. This just has a simple message of “get into action”. That may be Kennedy’s main message too.

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in Other Business Books

The Single Easiest Way to Grow by Forte Consultancy Group

The full title of this book by Forte Consultancy Group is

The Single Easiest Way to Grow – Winning Back Lost Customers

In my review posted on Amazon.co.uk, I gave the book Three Stars, this means it is Worthwhile.

Here is my book review.

Some good ideas but little real detail

This is very short – just 5 pages according to Amazon and while it has a few good ideas, it has little real detail.

A more substantial book is needed on this topic since the book title describes it as “the single easiest way to grow”.

So much attention is given to attracting new customers and plenty has been written about customer loyalty and retention but winning back customers who have stopped buying, for whatever reason is a neglected area.

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[sos]

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in Other Business Books

Recovering Lost Business by Timothy F Bednarz

In my review of

Recovering Lost Business

by Timothy F Bednarz posted on Amazon.co.uk, I gave the book Three Stars, this means it is Worthwhile.

Here is my book review.

For sales people

This book is written for sales people rather than business owners. The difference is bigger than I would have thought before reading because the sales person has so little control. [continue reading…]

in Other Business Books

Cut Costs and Increase Profits by Richard Tunnah

The full title of the book by Richard Tunnah is

Cut Costs and Increase Profits Using Customer Reactivation Campaigns

In my review posted on Amazon.co.uk, I gave it 3 Stars.

Here is my review.

Good for explaining why customer loyalty is important but the title doesn’t describe the book

The author makes a strong case using various statistics to explain why encouraging customer loyalty is such an important issue. It then lists five reasons why customers might stay loyal and six reasons why customers might stop buying from you. [continue reading…]

in Other Business Books

This is the second marketing tip in a series based on

>>> Being Good At Marketing Isn’t A Nice-If But A Must Have

Marketing Tip 2 – Contact Your Old, Lost, Lapsed Customers

You need to see your old, lost and lapsed customers as a potential source of profitable opportunities (assuming that you didn’t part on really bad terms).

I talk about what is a customer in my article…

>>> How To Get More Customers 

There are only three reasons why customers stop buying: [continue reading…]

in 6 – Revenue Regeneration

What Customers Want

In the rush to sell products and services, too many businesses make the mistake of creating marketing materials without first focusing on what customers want.

I like customer value thinking and the idea that we buy based on a hierarchy of product attributes, expected consequences and desired goals. These concepts pass between rational and emotional justifications and between the conscious and unconscious minds.

That makes answering the question “What do customers want?” complicated but if you want to different your business and make your marketing more successful, it is worth spending the time thinking through what customers want and carrying out research to find out what customers think they want.

People buy items not for what they are but what they do and what they say about themselves (to themselves and to others).

What Customers Want

In the article I intend to bring together various insights into what customers want and what motivates them to buy including references back to the motivation theories developed for employees and how that relates to buying decisions.

Beware The Concept Of The Average Customer

First I want to break the idea that you should find out what customers want on average and set out to provide that.

There’s no such thing as an average customer but instead segments of typical customers, some of whom are more typical than others.

This is most vividly demonstrated by the example of people and how we are split into two genders, male and female. The average person with one testicle and one ovary doesn’t exist.

It reminds me of the joke about the statistician who had one foot in a bucket of freezing water and the other foot in a bucket filled with very hot water and said “On average I’m fine.”

Creating Customer Personas To Reveal What Customers Want

In face to face selling, we have the option to continually adapt our message to what the other person says which is a powerful advantage although it does open the door for manipulation and deceit by the unethical.

In marketing, we usually lack the ability to adapt the message based on responses on a one-to-one basis but we can create personas or avatars based on typical customers and how they think, feel and act.

What Customers Want According To Rich Schefren

One of my Internet marketing mentors, Rich Schefren, recently sent out an email which included a list of 25 human needs and desires. Hopefully he won’t mind that I’ve shared them with you.

1) Add More Fun To Their Life
2) Avoid Criticism or Embarrassment
3) Escape Physical Pain
4) Be A Good Parent
5) Be More Efficient
6) Be Healthier
7) Be Fashionable
8) Be Independent
9) Satisfy a curiosity
10) Be More Popular
11) Be Proud Of Their Possessions
12) Be Recognized As An Authority
13) Satisfy Their Ego
14) Escape Shame
15) Express A Personality or Creativity
16) Fulfill a Fantasy of an Adventure
17) Gain Confidence
18) Gain Knowledge
19) Save Time or Money
20) Work Less
21) One-Up Others
22) Overcome Obstacles
23) Protect Oneself And Family
24) Relieve Boredom
25) Renew Vigor And Energy

Rich doesn’t claim that the list is everything that customers want but it is a good starting point.

The exercise he suggested was to take each item and to look for connections with your product or service so that you can see how you help customers satisfy a deeper need.

What Customers Want – The 37 Livingston Emotional Benefits

Another or my Internet marketing mentors, Glenn Livingston, introduced me to the work of his wife, Sharon Livingston and the 37 Livingston Emotional Benefits.

1. Feeling Loved
2. Feeling Attractive
3. Sense of Adventure
4. Feeling Financially Secure
5. Sense of Accomplishment
6. Feeling Caring or Nurturing
7. Being Altruistic
8. Being Assertive
9. Feeling Brave or Courageous
10. Feeling Creative
11. Excitement or Liveliness
12. Feeling Fair, Just, or Ethical
13. Feeling Luxurious or Pampered
14. Feeling Healthy
15. Feeling Athletic
16. Feeling Flexible or Adaptable
17. Feeling Free
18. Being a Good Friend
19. Enjoying Humor
20. Feels like a Good Teacher
21. Being In Control
22. Feeling Independent
23. Being Insightful
25. Feeling Wise or Intelligent
26. Taking a Leadership Role
27. Peaceful – Relaxed – Calm
28. Having a Sense of Power
29. Being Productive
30. Feeling Respected
31. Feeling Spiritual
32. Feeling Sexy
33. Feeling Romantic
34. Feeling Safe
35. Sense of Belonging
36. Feeling Trustworthy
37. Feeling Unique

What Customers Want – To Be Continued

This looks like it will be a very long article, so I want to take my time putting it together provided there is enough interest shown in the topic.

If you’d like to know more about what customers want, leave me a comment and share your ideas and thoughts.

in 3 – Your Strategic Positioning, 4 – Lead Generation, 5 – Lead Conversion, 6 – Revenue Regeneration, Great Business Questions