“Where were we Watson,” started The Detective.
“I believe you were just going to start a further explanation of point two from a previous discussion, sir. Lost Customers to be precise.” I quickly replied.
“Quite Right. Actually, this one in a way, is self-explanatory. It astounds that more business people don’t see it.
“You see Watson, in the haste to get new customers, because everyone knows they are the life-blood of a business, business people often forget they already have a source of said ‘life-blood’: people who have already bought from them. Unfortunately, too often they either take them for granted – assuming that because they were so impressed with the service and/or product they received, they will come running back when they need something additional, or they don’t think of them at all, acting as if all customers are new customers. Of course, the result is the customer does not think of them either.
“A truly ‘lost’ customer must be approached cautiously. After all, there has probably been no real communication for some time. But you must find a way to reestablish contact. Direct mail, email, the method may depend on the data you have. Here is where caution comes in. Suddenly pummeling them with reminders that you are still in business and why the heck have they not visited you, or the same old flyers you send out would be counter productive. These are people who have done business with you before. They want to – and may already, think of themselves as special, as having done you the kindness of having done business with you – no matter that you may feel you saved their business, made them look good to their client or boss, or simply given them a great deal! Your perception is irrelevant.
There must be some kind of offer to entice these lost souls. It needn’t be anything large, just something of value. After all, they were your customer once, if you provided a quality product and good service, they probably would most likely welcome the contact; a much easier sale I would say. In all probability it wasn’t that they did not want to do business any longer, but, like for most of us, life simply got in the way, and since the business did nothing to reestablish the relationship, it slipped away like an old High School friend,” finished The Detective with a flourish.
“How poetic!” I exclaimed.
“Yes, well, sometimes it is easy to get carried away Watson, let us not dwell on that,” replied The Detective sheepishly.
“Of course, sir. Shall we take a break before going into another mystery?” I asked, giving him an opportunity to slip away from the subject.
“Excellent idea, Watson, Excellent idea!”
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