It is not the first business to have collapsed because of customers shifting their purchase base. Reasons are varied as to why a client or a customer might decide to shift his loyalty from one business enterprise to the next. These reasons may include such things as increased product and service prices, poor product and service delivery and delivery systems, poor personal relationships with the clients and lack of basic understanding for product
development, improvement and explanations. In order therefore to maximally persuade the customer to remain loyal to your product, it is prudent that these areas be dealt with effectively.
Pricing is very challenging especially in a competing business environment. Sometimes a business may be required to maintain low prices but sometimes being extremely cheap might mean that your products and services are of poor quality. Therefore, to win the customer loyalty, pricing should be well thought of but when other factors are maximally utilized, it might be found that pricing does not actually dictate the customer loyalty.
Product delivery and delivery systems must be of high quality and efficiency. If a company offering mail delivery services can deliver mails one hour before your delivery system, then the customers will opt for the faster system, however negligent the time frame is. To broaden the customer base and have them loyal to your products and services, the customers must be assured that your services or products meet the highest quality standards. This might force you to invest heavily on modern technology and information system but you might be surprised that an increase in price for your services will not shift your clients to another competing business enterprise.
A poor personal relation is a subject every business man ought to be aware of. If you cannot afford to produce cheap products, and maintain high quality standards against your competitor, then this is the only area you can win the loyalty of your customers. Imagine attending a printing bureau where you are required not to print if your work need printing and doing the same work in a bureau where not only allow you to edit, but also give you appropriate assistance in your editing work. Even if where they offer you assistance might be expensive by few cents, you might still prefer to get the assistance than rudely be chased away from a cheap option.
Product understanding, improvement and development were the sole reasons why the customers of the bureau I used to work in shifted their base once I left the bureau. This was because the new employee who replaced me could not understand the basic principles involved in printing and printing troubleshooting, typing basics and document setting for printing. Though I must say that I lacked the skills for personal relations, it is the ability to troubleshoot problems and explain the principles of pricing and service delivery that enabled my customers to come back over and over again.
Winning customer loyalty requires a lot of investment in service to customers promptly and professionally. It requires that the business employs strategic skills in maintaining the quality and system of product processing and marketing. The customer will have confidence in business that promises to satisfy his needs and will not easily shift loyalty. This has been the case with the products that are produced from well known companies such as the coca cola.
Published by Peris Nduko
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