Marketing Roadsigns
the
e-newsletter companion to the Marketing Roadmaps blog
Happy
Spring!
With this issue, Marketing Roadsigns is
officially moving to a bi-monthly publishing schedule.
To make up for the reduced frequency, I am changing
the format. From now on, the lead article will be exclusive to
the newsletter. This month, it is an article on customer
loyalty.
I also review two new blogging books,
Naked Conversations by Robert Scoble and Shel
Israel, and Blogging for Business by Shel Holtz
and Ted Demopoulos.
The Marketing
Roadmaps blog is still updated two to three times per
week, so please check it out for my freshest news and views.
I hope you enjoy Marketing Roadsigns. Thanks for reading!
Susan Getgood
Feature Article
Customer Loyalty
I recently attended a webinar on Maximizing Your
Share of Customer Loyalty. While the program was mostly
about developing BIG customer loyalty programs, there were
some nuggets for companies of any size.
Identify your most profitable customers. They
are the ones from whom you want more loyalty. You certainly
don’t want a lot of loyal but unprofitable customers. Use your
CRM system to segment your customers and prospects according
to potential: what do they have, what do they need, what is
the potential for an up- or cross- sell, how profitable is the
relationship.
Be aware of how much (more) loyalty a customer can
give. No matter what your product is and how much the
customer LOVES you and your organization, if they already have
everything, the potential for additional sales is probably
limited. Likewise, if they LOVE you but use of your product is
not convenient, they just can’t give you any (more) loyalty.
In the webinar, the example given was Delta Airlines. The
speaker likes Delta just fine, but Delta doesn’t have the
flights she needs from her home airport. Even though she is
willing to give Delta more loyalty, it doesn’t make
sense.
These two points offer a great foundation for a
simple three-point loyalty program.
- Start by identifying the best opportunities for new or
repeat business. These are profitable customers who still
have loyalty to give. Now that you know who you want more
business from, you can use the data in your CRM to provide
unexpected customer service to these key, high potential
accounts. For example, note key dates like birthdays and
anniversaries, and send cards. Note hobbies and interests
and forward articles in the paper or from the Web that your
customer might enjoy. Even if she already saw it, she will
appreciate the effort.
- Don’t neglect your happy customers who already have
everything. They are your best advocates and you certainly
don’t want them to succumb to a competitive offer. But don’t
waste time trying to squeeze blood from a stone either. If
they aren’t in market, they aren’t in market. Just make sure
customer service levels stay high high high for these
accounts. And stay in touch. More than likely, they will
need something someday. Maybe even soon. Or somebody they
know might need something. A happy customer is the best
referral.
- Be an active advocate for CRM. Keep it updated. Make
sure others do as well. It is the key to providing stellar
customer service at all levels, in all locations, across all
lines of business, to your valuable customers. Nothing makes
your organization look worse than when one hand doesn’t know
what the other is doing. An example. We recently refinanced
our home. The day after the closing, the mortgage company
called. A courtesy call? Nope. It was someone calling to
find out about our mortgage needs. Ouch. Not that big a
deal, but what if that call came before the close? Might
have made us think twice about the firm. By the way, it took
more than a month for the actual courtesy call.
But how do you motivate others to keep that CRM
goldmine updated? Thank them tangibly when
they do. When they provide a service or answer a question for
your customer, and update the CRM, send them a $5 Starbucks
(or Dunkin’ Donuts or whatever) gift certificate. A small
gesture that will return far more than the gift certificates
cost you.
Do you have additional ideas on how to maximize
customer loyalty? I’d love to hear them. Email me at sgetgood@getgood.com,
and please be sure to include your contact
information.
Book Review
Naked Conversations by Robert Scoble and
Shel Israel, and Blogging for Business by Shel
Holtz and Ted Demopoulos
First off, both books would be excellent additions to
your business bookshelf. But they deliver very different
things, so let’s set the proper expectations.
Naked Conversations is blog evangelism, full stop. Well
written, and generally backed up with good examples, but it
starts, and ends, with the premise that blogs are
intrinsically a good thing for businesses. While I don’t
disagree, I do think the authors somewhat gloss over the hard
proof that many businesses will want before they jump into
blogging with both feet.
Don’t get me wrong –I truly believe in blogs for
businesses. But I also believe that most business managers
need to put this new thing in the context of existing business
goals before they are willing to devote significant resources
to the effort. Just saying that blogs are transforming markets
and you ignore them at your peril (while true) is not going to
be enough. You need to show how the blog delivers on an
existing business imperative. How does it fit in the business
plan? If you are looking for this information, or how to build
a business case, you won’t find enough of it in this
book.
Blogging for Business covers much of the same ground as
Naked Conversations, but it is less philosophical, and more of
a handbook for developing a business blog. It covers all the
steps you’ll need to address once you’ve decided to do a blog.
In my opinion, it is a worthy successor to Rebecca Blood’s
Weblog Handbook, providing up-to-date resources with a
business perspective.
Neither book is really strong on how to build your
business case, and I am not sure that any book could be, as
this needs to be done on a case by case basis, and grounded in
the specific business requirements.
However, in both books, you will find great case
studies and anecdotal material to support your business case
for blogging.
My recommendation:
- If you’ve already decided to do a blog, Blogging for
Business has a great how-to approach that will be very
helpful for the person doing the work.
- If you are trying to understand the blogging landscape,
you can’t go wrong with either book. Buy both – they are
good reads.
Associated blogs:
Recommended Blogs
International
Association of Nobodies: a group of PR and communications
professionals worldwide who are more interested in social
media and communications than they are in rank. We are all
nobodies. Everybody is somebody. Just think about it.
Marcom
Blog – an endeavor spearheaded by Robert French PR
professor at the University of Auburn that brings together
marcom professionals and his students. I was honored when
Robert asked me to be a contributor.
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