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The greatest goal in business is securing long-term, high-quality clients. A business should always be looking for the clientele that sticks with you for decades and continues to remain loyal when the newest craze or competition come calling. It’s this customer loyalty that keeps your name expanding and building – without having to implement steep discounts or promotional items. Unfortunately, for many businesses, the belief that quality product will be enough to spread your name among family and friends is both misleading and false. While your product or service might be the best in its class, it’s important to understand that many times, their purchase isn’t enough to secure a long-standing partnership.
Showcase Loyalty with Branded Products and Promotion
For instance, there are many companies offering cleaning services within your area. However, many times clients will switch from their current provider to another company –without a second thought. This is especially true for clients looking for great deals or price-based purchasing alone. The service these patrons receive is nothing short of exceptional, however; trying to justify the service when another company charges substantially less is impossible.
Individually, these clients might not seem like a major loss for companies. Over longer periods of time, however; these individual lost sales and purchases can add up to thousands of dollars ever week. Whether the loss is affecting a small business just starting or a multi-million dollar corporation, the cost of losing customers is not attainable long-term.
Understanding Product Promotion and Your Customers
For those companies with a strong understanding of the importance of long-term clients, using branded promotional products offers innovative marketing messages to clients, in hopes of retaining the current clients for a longer period of time.
It’s important to recognize a consumer’s behavior within the industry, before attempting to keep them on board long-term. Customers can often be persuaded into loyalty when offered various products free, when they use your service or purchase additional items. For the cleaning company (used from our example above) looking to secure long-term clients, offering a free item like a branded coffee mug filled with chocolates, shows a level of customer service other companies are missing.
Identify Crucial Areas for Product Promotion and Maximize Return
Likewise, leaving stationary items like pens, paper, and pencils are fabulous ways to keep your brand name in the house hold; giving the opportunity for sharing among their social network. A recipe put on your notepad reminds grandma to check out your services when she’s feeling overwhelmed at Christmas time.
Essentially, mixing paid service and identifying appropriate times for free promotional merchandise is a simplified way to ensure your customers remain loyal to your business and brand throughout the years. While other companies might try to undercut your pricing or practice, having previously built a relationship built on trust, integrity and that extra step most companies are lacking will ensure you stand strong, regardless of the pricing.
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