Fueling Growth Through Customer Insight ™ 

CONNECTIONS Newsletter: Vol II, Issue 3 - May/June 2004  

Resources:

 

> The One-to-one Future: Building Business Relationships One Customer at a Time

 

> One Size Fits One : Building Relationships One Customer and One Employee at a Time

 

 

Marketing Maven Test:

 

Q: Where did the following statement originate?

 

"It costs a company six times more to sell a product to a new customer that it does to sell to an existing customer." 

 

A: Click here for the answer

 

Why the Golden Rule Won't Make Your Business Shine

by Paul Schwartz

 

Many of us learned the golden rule early on life, perhaps in grade school or from our parents.  "To do unto others as you would have others do unto you,” or for the business world "to treat others (customers) the way you want to be treated.”  That’s a pretty good rule and it has stood the test of time.  Many businesses train customer-facing staff to refer to this rule when dealing with prospective and current customers.  It’s a good business philosophy and many businesses could probably improve customer relationships just by following this rule.  However, this rule will only get you so far as it is based on two false assumptions when it comes to dealing with customers:

 

That all your customers are the same.

and

That all your customers are just like you.

 

To help you stand out above the crowd and differentiate your business or organization, I’d like to introduce CONGRUITY's Platinum Rule for building lasting customer relationships:

 

“Treat your customers the way they want to be treated.”

 

This involves a deep understanding of your customer and it's critical to building the trust and loyalty that sustainable businesses rely upon (see our past issue on building T R U S T for more info).  It starts at the very beginning of the sales or buying processIt puts the customer first, makes them feel special and unique, and strengthens the relationship with them over time.  Reaching this level of customer insight requires some real direct dialogue and in-depth research with customers.  If you are not ready to engage customers at that level, let me offer you some guidelines from Grokdotcom that allow you to account for the differences in the way different types of customers make buying decisions and how best to approach them:

Personality Attitude Question Asked Best Approach
AMIABLE Personal, activity oriented Why is your solution best to solve the problem? Address values and provide assurances, credible opinions rather than options
ANALYTICAL Businesslike, detail oriented How can your solution solve the problem? Provide hard evidence and superior service
EXPRESSIVE Personal, relationship oriented Who has used your solution to solve my problem? Offer testimonials and incentives
ASSERTIVE Businesslike, power oriented What can your solution do for me? Provide options, probabilities and challenges

 

If you are ready to engage your customers at a deeper level, please contact us for an introductory discussion to see how CONGRUITY can help strengthen the relationship you have with customers.  Please visit us on the web at www.congruity.biz


Copyright © 2004  CONGRUITY.

 

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