Showing posts with label Database Marketing. Show all posts
Showing posts with label Database Marketing. Show all posts

Saturday, 16 January 2010

Email Marketing: An Evolutionary Tale

I suspect 2010 will be all a twitter (pun intended) regarding social media, and how it purports to enhance your relationships with your clients. A lot of it is hype, but no doubt, the way we communicate with our clients, and the manner in which we promote ourselves has evolved enormously.

In the beginning, well almost, we interacted with prospects face-to-face (an expensive, but active method), and obtained their contact information, which we then loaded into a database.

Eventually we realised, hey, we can also obtain this information via our websites (an affordable, but passive method), and have it automatically load into our database too.

This was when email newsletters exploded, and the premise upon which most email service providers (ESPs) established their businesses.

But the problem was that the process was one-way, and all communications were in the form of bulk messages. It was assumed that all prospects were at the same point in the sales cycle, and that they all had homogenous needs.

Fortunately that has all changed; we have evolved.

STOP

We have?

Well okay, most of us are still stuck in 2005. I frequently hear that many people would like to migrate to a communication strategy that is social media aware, but they cannot figure out what is relevant, how to go about it or who to turn to. Let's discuss these important points.



Consider the above diagram, which was a tough task to keep simple, as the true form is more matrix like. There are many hundreds of social media sites, serving a myriad purposes; I have chosen a few of the more common ones, to demonstrate how an evolved communication strategy should be established.

Online marketing serves the same purpose as traditional marketing, namely to perform as an effective component of your marketing mix. More specifically, to contribute to your promotion efforts (remember the 4 P's of marketing?) in a cost efficient way. Additionally, it serves to perpetually sustain top-of-the-mind brand awareness, so as to facilitate repeat business.

So how do we create and/or maintain this awareness?

Well for starters, get you head around the fact that you HAVE TO engage in dialogue. You need to offer value-adding information in exchange for actionable data. This is done through a combination of social media sites and direct communication. There are two mediums, used effectively, to gather actionable data; email (through the use of surveys) and telephone (through the use of a live operator). I know you can use two-way sms, but it isn't a medium of choice, due to recipient billing sensitivity. All your efforts must ultimately lead to the collection of actionable data, through the heavy use of these feedback mediums and finally, a transaction.

Now, as regards your combination of the myriad social media sites. These must all play a supporting role, all in a somewhat different way. Their primary purpose is brand promotion and awareness, and although you can do all of these things on your website, you will never get the same kind of search engine exposure. So it's kinda like investment diversification; spread it around. One of the end results must be the capturing of prospect contact details, which will allow your nurturing campaign to kick in, ultimately progressing towards a transaction. 

Instead of a newsletter, which is effectively lost to the outside world, you use a blog (Blogger, Wordpress or other). The search engines do a great job at indexing blog articles, so this already places you at an enhanced advantage. Let's not forget that a blog can also use a subscription form, to capture prospect contact details, which can be automatically loaded to your database.

When you research for your blog, invariably it involves reading a lot of source material. Some of this would be of interest to your prospects. So use a reader (Google Reader or other), bundle your sources together and share these articles with your prospects. Your public page gets indexed by the search engines as well.

Then convert your blog articles to pdf, and host online (Calameo, Scribd or other). These articles also get indexed; yes, there is a duplication, but it will catch prospects that do not find you via your blog. Plus, it gives the added advantage of providing a downloadable version. Also, don't overlook providing powerpoint presentations or pdf documents that may be of use to a prospect; manuals, expert opinion, case studies, surveys etc.

Anything that you do, be it blogging, uploading documents, hosting an event, launching a new product, remember to post a one line notice to Twitter. Twitter is an enigma to many. It is simply a 140 (designed for mobile use) character way of sending brief messages. Unlike sms, your twitter messages get indexed by the search engines. So if clearly written, and using a url shortener (Bit.ly or other), prospects can click a link and be diverted to a site of interest.

The same can be said of Facebook and LinkedIn; although you are usually more circumspect regarding the type of news that you upload to these sites. Facebook is usually better for interacting with prospects, and has the added advantages of being able to be an active medium (it can email fans), and it can capture prospect contact details, via a subscription form. LinkedIN has similar advantages, but is best used when targeting a business audience.

Then, of course, a picture tells a thousand words. It always enhances your communicaion if you can include a link to a video (You Tube or other), or to pictures and/or photos (Picasa or other) of relevant material. With photos, it is usually a good idea to show pictures with clients interacting with your brand.

Summary

You need to put it all together in a way that it simple enough for you to maintain. The glue is your email marketing. You use the social media sites to promote your company, and to drive prospects to provide you with information. This information, in turn, feeds your communication campaign, which perpetually encourages your prospects to engage with your brand. But do not restrict yourself to email only. Vary your contact media; use snail mail for birthdays for example. Don't allow your communication strategy to become predictable and mundane.

Finally, if it still remains overwhelming then contact Dialogue Marketing. We will put it all together for you, show you what and how to maintain the strategy (or do it for you).

Find a downloadable copy of the article here.

Monday, 4 January 2010

Drip Marketing: What Is It?


Geez, it seems marketers like to busy themselves coining new phrases, as if they have discovered a new light bulb, when in reality all they have done is highlight the obvious.

Drip Marketing is another of those phrases; as is Closed-Loop Marketing, but we will discuss that one next time.

Quite simply Drip Marketing is the technique that is applied to prospects, to nurture them towards a state where they are ready to transact. You might recall we discussed lead nurturing previously.

Essentially, Drip Marketing is a planned series of timed messages, that are dispatched to a targeted set of prospects. These dispatched messages could be in any form; the most common being email, sms, postcards, snail mail and the like. The purpose is to communicate product information and/or helpful advice, in order to keep your brand top-of-the-mind, so that when the prospect is ready to transact, they will be more inclined to remember, and select you.

That's it, short and sweet.

The good thing about Drip Marketing is that it forces you to actively create a system that caters for your prospects; which means actually thinking about the process.

Usually you would be best advised to use an automated service, due to the affordability thereof. It's also good to select a service provider who can help you establish you Drip Marketing strategy, and who will be able to customise your effort. Nobody likes to get messages that appear to have been designed for the masses. Make a little effort, and personalise them a tad.

Dialogue Marketing: Keeping Email Marketing Efforts Effective


There are so many Email Service Providers (ESP), that the product has almost become a commodity, where only price is the issue.

At the same time, a lot of businesses already have some form of email campaign or other. And in the midst of all of this we have email recipient fatigue, with declining read rates, reduced click throughs, increased unsubscribes, and all around reduced effectiveness.

What now?

Well, for starters, it never was about the technology. The technology was, and is, only a facilitator. The technology is almost at the point where you can expect a certain minimum, like CAN-SPAM compliance, unsubscribe and bounce functionality, auto-responders, customised fields, and such like. So now it is up to you.

Email was never the panacea, or the silver bullet. Like everything else, it boils down to your strategy.

The Strategy Centres Around Dialogue

You cannot rely on mass email alone, and expect to simply blast out message after message, expecting business to come flooding in. If you did expect that, then you clearly still believe in the Tooth Fairy too. Even segment, batch and blast has lost its shine.

You can only reverse the trend through dialogue. Yes, two-way communication. But you will surprised how many people don't get it, are too lazy to get it, too arrogant to listen or are just stupid. I have repeatedly explained the process to many businesses, only to have them email me their standard monthly newsletter, or their standard monthly specials. Sigh.

However, email marketing is still the most effective marketing tool available, but it cannot operate in a vacuum. You have to combine it with other mediums and strategies, incorporating fax, voice, sms, web, blogs and snail mail.

You have to engage in conversations, and you have to nurture your contacts to the next stage, whatever that may be. All of this requires a well devised communications strategy that dictates when and how to deploy these instruments.

Establish Some Goals

The goals are obvious, establish how many phases there are to the sales cycle, and then design a communication strategy for each phase. Use a combination of communication mediums, and create opportunities to communicate with your contact within each phase. Use these opportunities to re-affirm your relationship, and to gather information. This gathered information should advance your awareness of the contact, and should, in turn, lead to new opportunities to communicate.

The collection of meaningful data, and the creation of relevant communication opportunities will greatly reduce unsubscribes, and all the other myriad problems, but at the same time produce revenue producing opportunities.

The Key Ingredient

The magic is you. You have to be completely dedicated to your strategy, and once you implement, you have to persevere. I have seen too many businesses with fantastic communication strategies, the best of technologies BUT no will to support the vision.

Too many commentators and ESPs go on about the details, like dealing with bounces, or the subject line, or the correct time to dispatch a message. These are important, but too many assume complete competency on the part of the business. Without you engaging in the process, there can be no dialogue. So go on, you be the champion.

Sunday, 6 December 2009

Using Dialogue To Nurture Your Leads


Related Articles:
Do You Expect To Close On Your First Contact?
Alternatives To A Newsletter .... Demystifying The Mystified

This week I was helping a prospective client establish a communication strategy to acquire new business. The process sometimes seems confusing, so I have taken this opportunity to explain it in more detail.

It is extraordinarily rare that a prospect is ready to purchase, when you happen to make contact. Assuming you have a market, of course; usually you will make contact with a prospect somewhere in the sales cycle, just not where you need them to be. This can be best described as harvesting green bananas; and may account for 95% of your leads.

What this means is that if you do not nurture this prospect, until they are ready to transact, chances are they will be lost to a competitor. It is suggested that 80% of marketing expenditure, on lead generation, goes to waste, due to lack of discipline and commitment.

So what to do?

Well, that is the point of meaningful dialogue. You need to engage prospects consistently, and through value-added exchanges. I intentionally use the word dialogue, and exchange. There is no point simply blasting out newsletters, or emails. All this does is create work for you, and you end up operating in a vacuum. You never become better informed as to the state of the prospect; and you could well be hurting your brand.

So the objective is to share information with the right people, and in so doing establish a relationship. Ultimately, the ongoing, timely sharing of information maintains a brand awareness, which leads (pun intended) to a transaction. Dialogue marketing is more than just having a salesperson call every so often, to find out if a prospect is "ready to buy yet."

It has been demonstrated that 69% of buyers are more inclined to transact, where a salesperson has assumed the role of advisor. This means that it is important for you to share knowledge, and educate your prospects. Forget the scripted sales pitches; the cheesy verses that interrupt my dinner. Become the trusted advisor that your prospect calls, when they are ready to transact.

But how to do it?

Here we are going to refer to my diagram, above.

You probably have a source of leads; this could be advertising, trade enquiries, seminars, trade shows, or any myriad of sources.

Make sure you add your website and blog, to those sources. But ensure that your website and blog provide the ability to collect prospect information. This information, together with information sources from other areas, should be fed into a centralised database.

Now, and this is where the confusion comes in, there is always a tendancy to want to blast off a message, telling the prospect everything you can do. This is wrong. If you tell them everything upfront, not only are you pressure selling, but you haven't shared any knowledge and you destroy your the opportunity to communicate in the future, without repeating yourself.

You need to nurture them; gently. You send a message which discusses a topic relevant to their situation (call this Dialogue 1). Included therein could be a link to a related blog article, where you can lay the subject out in more detail. An important part of the dialogue, is to include an online (or email embedded) survey. If the survey questions (never more than 3) are answered, these give you an insight into the state of the prospect, and may provide a selling opportunity.

So, if you have 5 key areas that could cause a prospect to transact, instead of mentioning all 5 upfront, you break them up into 5 or more seperate communications, which are dispatched at timed intervals. Each contact relates to one of the key areas, which is supported by a blog article and an online survey. Last week I discussed Dialogue Marketing for Financial Services; this was one example of a value-added exchange.

Any response by a prospect, that produces a selling opportunity, takes the prospect to a different database, and a new series of messages.

It is important to place yourself in your prospect's position, think through what is important to them, and then create a meaningful communication strategy.

And The Results?

Close ratios are higher, sales pipelines are stronger, brand awareness is stronger, customer retention is 50% higher, and nurtured prospects produce 250% more qualified sales leads, than unnurtured prospects.

Sunday, 29 November 2009

Dialogue Marketing for Financial Services

This week I thought, "Enough with the theory and background explanations, lets share a real world example". So that is what we are going to do, work through how technology can assist somebody in, say, the financial services industry.

We all know about the financial services industry; it is much like the pre-owned car industry for the most part. You are faced with high pressure sales people, who palm themselves off as financial advisors. Everytime you hear from one of these guys, it is usually over dinner, or when you least want to hear from them. What is more, they have one purpose in mind; to sell you another product, and then, poof, not to be heard from again.

I have rarely dealt with the same financial advisor twice.

So the relationship appears lopsided, or asymetric. Now I know I am generalising. There are some excellent advisors out there, but for the most part that is not what people experience.

As a professional advisor, you have the opposing problem. How do you manage to prospect successfully when the perception people have is a poor one? All you want to do is be given the opportunity to show what you are capable of, but you need to secure an appointment first. How do you do this?

Surely there must be a way to finesse both sides of a strained relationship; where everybody gets what they want?

The answer is a resounding yes.

Imagine not having an advisor breathing down your neck. Imagine being able to have your situation assessed in private, and yet at the same time being provided with information that is valuable to you; like how much you may need to save each month.

But at the same time, imagine being the advisor, where you don't have to face telephonic rejection daily, yet are still able to engage in a dialogue; where you can still offer a valuable service, and at the same time be notified of potential opportunities.

This "win-win" situation can be accomplished with some imagination and the use of Dialogue Marketing. So without spoiling the fun, watch the video to see what is possible.

Friday, 20 November 2009

Alternatives To A Newsletter .... Demystifying The Mystified


My recent post on the newsletter being dead, begs the question; "What is a better alternative?"

Well the buzz, seemingly all over the place, is social media; and social implies a buddy buddy symbiosis, a relationship. But let's be frank here, you are running a business. It is all about marketing and profit maximisation. You don't want to get so caught up in being your customer's best mate, that you forget your marketing. Everything needs to be viewed through the marketing lens. Anything else is disingenuous, so don't pretend. I urge you to read a recent article on "What Is Relationship Marketing?" Let the gurus pontificate on about the wonders of social media, but until the business case is solid, and proven, don't panic.

Now that we've got that out of the way, let's seperate some of the wheat from the chaff.

Newsletters are becoming redundant for a number of reasons, but this doesn't mean that you shouldn't be communicating with your customers. Of course you should. But are newsletters relevant to existing customers? Perhaps in a slower repeat sales cycle business, they are, in order to keep your brand "top of the mind"; otherwise messages triggered by customer/company interactions, or the lack thereof, are much more relevant.

As an acquisition tool, I don't know. To send a newsletter is to presume a relationship. That isn't a good idea. Smaller, value added articles are more relevant; and if written correctly, they give you a reason to engage a prospect repeatedly, thereby priming them to transact with you. Remember, we recently discussed developing a communication strategy, to engage a prospect multiple times.

For the most part, newsletters are painstakingly planned, designed and delivered via email. This is usually in one of two ways, either a well designed and graphically intense html email, or as a well designed pdf document as an attachment to an email. But once they are delivered, that is it. Either the client reads or discards it. Unless you created an online archive of past newsletters, there is no way potential customers (or prospects) can view these. Also, because these communications take place outside of the internet, they aren't indexed by the major search engines, and therefore are lost. If you are one of the "enlightened" few that happen to have an online archive, unless you invest in a website content management package, you have to rely on outside help to maintain the website, a costly exercise and another hassle to think about.

The Use of Blogs

But now we have blogs, which are basically web pages where the content can be easily updated and maintained yourself. They are very easy to set up, and can be linked to your website. Today it makes sense to reduce your newsletter to a few bite sized articles, and to regularly post these to your blog. The benefits are that the content is very quickly indexed by the search engines, thus attracting interest outside of your normal mailing list. So instead of the painstaking effort to develop a regular newsletter, you simply build an archive of blog articles. This makes your emails more deliverable, as they aren't loaded with html graphics or attachments, and you simply provide a link to the relevant blog articles.

Also, newsletters tend to be blasted out to everybody on a mailing list. It is rare that businesses segment their mailing lists properly, so it is not unusual for email recipients to receive irrelevant mail at inappropriate points in the sales cycle, with potentially damaging effects. In other words, the content is not determined by the recipient. With an archive of blog articles, it is relatively easy to set up a Sequence™ of email messages, each linked to a relevant blog article. So new contacts entering your mailing list, with disparate needs, will trigger the despatch of emails with links to relevant articles, as determined by the recipient.

So the use of a blog is definitely a great idea, and superior to the use of newsletters. What is more, you can update your blog postings to facebook, LinkedIN and Twitter (and probably a hundred others), but these aren't a huge imperative just yet. A good idea would be to include an "Add This" button to your blog, allowing any visitors to share your articles via a myriad social media outlets.

Abandon Those Email Attachments

As regards attachments (newsletters or other), don't do it unless it cannot be helped. Attachments tend to be virus red flags, and often result in your message being deleted; at best you affect your email deliverability. A better option is to use a third party file hosting company, like Calameo or Scribd. Then you insert a link in your email. This way, your email recipient can safely view your email, and then elect to download the documents if necessary. By way of an example, a client of ours, in collaboration with a wine distributor, recently hosted a wine tasting event. He wanted to send out a comprehensive program as an attachment, explaining, inter alia, how to buy tickets, what was on offer and where the event would be held. We hosted the attachment elsewhere, and placed a link in the despatched email. Not only did this ensure a higher deliverability rate, but we were also able to view how many people diverted to the attachment.

So, not only is it easier to use a blog, and place links to the relevant articles, but the public nature of a blog will expand your network of interested contacts. Of course, all of this needs to work in conjunction with a well thought out communication strategy, unless the foolhardy blasting of links to your blog articles is your thing. For assistance on establishing your blog and building a customised Sequence™ of messages, that will trigger messages based on recipient determined choices, contact Dialogue Marketing.

Download a printable version here.

Wednesday, 18 November 2009

The Newsletter Is Dead ..... Let It Go Already


Okay, maybe not dead, but it definitely has lost its shine. You wouldn't say so though. I can hardly go to a website these days without being invited to join their mailing list. Now building a database is a business imperative; don't get me wrong. But what is so compelling about wanting to read your verbose newsletter?

In the early days, say 1995, not many people were into newsletters. So it offered a differential advantage to the early adopters, and was a way of delivering company news, with some really neat graphics.

Problem is, the newsletter became ubiquitous. Every schmo has one; and that's okay, as long as it isn't your only or primary method of keeping in touch with your clients.

I spend a fair amount of time going to networking events, and they are all very similar. You usually meet the same ever so accomplished, ever so successful, ever so on top of everything kinda person. Cool.

Now, as soon as I explain how technology can enhance your efforts at relationship marketing, you can see the thought process, "Ah, email and newsletters".

What is even more enlightening, is what happens after these events. Invariably you get plugged into a standard email newsletter system, and you get bombarded with meaningless junk, not even remotely connected to your interests, until you unsubscribe. It's like, hello, there is a disconnect here.

Okay, I appreciate that people just don't know that there is a better way. The pathway isn't clear, and it seems so complex compared to a simple newsletter.

So what went wrong?

They Are Boring

Newsletters aren't about the customer; they are about the company. They are generally self-promoting screeds, with mostly useless information. Aside from telling your clients that Susie or Johnny was promoted, or blabbing on about some amazing promotion, there is very rarely anything in it for the customer.

They Treat All Customers As Equal

This is a noble cause in politics, but not in business. Today you can personalise a newsletter, by being clever and inserting a customers name and a few other personal details; but this isn't really identifying the customer as an individual. Essentially everbody gets the some monthly blast.

They Don't Build Relationships

Think about your relationships; there is a lot of give and take, or interpersonal exchanges. They aren't all one way traffic. How can a relationship be forged if you aren't getting to know your clients or prospects any better, where the only information dispensed is yours, and where you determine when to communicate?

They Are A Waste of Resources

Have you ever tried to consistently publish a newsletter? Many have, and I get requests for them all the time. They are time consuming; customised newsletter templates are expensive to design; they are notoriously difficult to get delivered; and continually finding compelling content is a nightmare. My experience is that generally most newsletter efforts become dormant, only to be revived when a quick promotion needs to be conducted.

You could be fooled into believing otherwise, though. There are lots of email service providers, all offering free generic templates and easy terms. The issue isn't them; it is you. You have been lulled into thinking that this is the silver bullet. It isn't. You need to have a clear communication strategy, and this needs to move away from message blasting, and towards timely, personalised and targeted communications, using many of the mediums available to you.

They Never Get Read

We all have a problem with inbox clutter. As we sort through our daily emails, we scan for key identifiers, like names or subject lines. When we get a newsletter, it is sometimes a nice to have, but we usually save it, hoping to return later and read in leisure. But that rarely happens, because the next tsunami of emails has arrived. So your email package may be telling you that read rates are high, but hey, nobody is really reading.

So what now?

My next article will cover some really neat, easy and effective new ways of communicating, that can handsomely compliment a newsletter, or better yet, replace it all together.

Tuesday, 17 November 2009

Do You Expect To Close On Your First Contact?


Are you one of those business people that believes that every encounter with a prospect requires you to close a sale; regardless of whether you have uncovered a need?

No?

Interesting, because I still encounter businesses everyday that use aggressive sales techniques to do business. I guess they don't bother with niceties, such as retention marketing; nor do they have a long term business vision.

Look, we would all like our prospects to transact with us, the first time they hear from us, but that ain't gonna happen. It is unrealistic to expect your prospects to all be primed, and ready to buy, unless you have one helluva "must have" product.

Consider these statistics for a moment.

48% of sales people never follow up with a prospect.

25% of sales people make a second contact, then stop.

12% of sales people only make three contacts, then stop.

10% of sales people make more than three contacts.

2% of sales are made on the first contact.

3% of sales are made on the second contact.

5% of sales are made on the third contact.

10% of sales are made on the fourth contact.

80% of sales are made on the fifth to twelfth contact.

I don't know if these statistics are from a valid study, or whether they have been derived from experience. The point is that it usually takes much more than one contact to close a sale. Think about it, how often have you been contacted multiple times to secure a sale? Very rarely. Even more important, how often have you been contacted by a salesperson you have done business with in the past? Almost never. Prime examples are the auto industry and the financial services sector. Both are reknowned for their high customer churn.

Yet if you analyse the top sales performers, you will notice a common thread, tenacity and perseverance. These stars know that it takes multiple contacts to secure a sale, and they have developed unique processes to cater for this.

In marketing this is commonly referred to as the "Law of 29", where it is anticipated that a prospect may have to view your marketing message 29 times before they transact. This may be excessive, however if we view the above statistics we see that 80 percent of sales are concluded after anywhere between 5 and 12 contacts. The number isn't important, except to grasp that you need to have a strategy to deal with multiple contacts.

So don't go splash some money on a one time advert. It is a waste. Rather develop an ongoing strategy, where you use a low cost, interactive technology to coax your prospect towards a sale. Why use technology you ask? Well it becomes an impossible task to manage a growing list of prospects, each with different communication requirements and needs.

By the way, I say interactive because unless you are gathering information, and responding accordingly, you will never be able to determine when your prospect has a need.

So, in a nutshell, expect to contact your prospects multiple times. Develop a series of messages, what I call a Sequence™, that are timed and triggered (more on this later). Use multiple mediums, instead of a repetitive and tedious one-way newsletter e.g. fax, sms, snail mail, cards, website and phone calls. But also know when enough is enough; I reckon if you haven't closed the sale after somewhere between 5 and 12 contacts, you probably aren't. So pick a cut-off, say 10 contacts, then call it a day with that prospect.

Tuesday, 10 February 2009

How To Stay Close To Your Customers In Difficult Economic Times


Ouch. Watching your sales revenue plunge, but your operating costs remain stubbornly high, is causing you immense stress. Your margins have evaporated and you need to do something fast or go bankrupt. The natural tendency is to slash anything that you feel is not important, like that marketing budget. But you know that your brand will simply disappear, as your competitors continue to shout their brands from the rooftops. The alternative, if you keep spending on marketing that does not definitively lead to sales, you will be sunk. Does this sound like your dilemma? If it doesn't then you are clearly in a recession proof industry.

Of course you cannot slash your marketing. The key is to concentrate on marketing that builds repeat business, and do it fast.

Most businesses concentrate on attracting new clients and do very little to look after their existing clients after the transaction is complete.

I mean as a consumer yourself, when last were you "Thanked" for your business, or even better, when last were you contacted by a vendor that hadn't seen you for awhile, worrying that you may have defected? I will guess probably never.

Marketing is not directly correlated to sales, unless you are holding a blowout sale, where you are basically discounting your product to make the revenue. A lot of good that is going to do when your margins are already waffer thin. So the key is to keep your brand top-of-the-mind, and achieve this without the traditional marketing expense. The first place to begin is with your existing clients. It is much easier, and cheaper, to keep your existing clients than to pour loads of money into trying to attract new clients. Besides in a recession, the quickest way to land up in the poorhouse is to blindly pursue your mass marketing strategy.

So how do you set about keeping your existing clients? Well for starters you need to ask yourself whether you know who your clients are. Do you have a database of your past clients, or do you simply complete the transaction and let them walk out the door, perhaps never to be seen again? If you don't, then stop wasting time and implement a system that will allow you to gather your clients contact information at your various touchpoints.

So now the data is starting to come in, now what? Once you have started collecting this data you then need to communicate with your clients, and this should start immediately with a simple Thank You. Here communication means developing a meaningful relationship instead of mass emailing that simply erodes your brand value and shoves an endless supply of product down your clients throats. By meaningful relationship I mean use a give-and-take system. Provide value-add information in exchange for information. Everytime you communicate you have a branding opportunity, and if done correctly you slowly build loyalty. Imagine being able to track your individual client's so closely that you will be able to identify who your top spenders are, or being able to identify potential defectors before they go to your competitors. Oh great, I hear you saying cynically. You are not IT literate, you don't have the funds to develop a system and you don't know where to start. What now?

Well this is where Dialogue Marketing fills a niche. Dialogue Marketing provides an affordable system that will start creating your database instantly, and will help you design customised communications that will automatically, and periodically communicate with your clients across multiple mediums like email, text, fax, voice or snail mail. These communications can be fully interactive, gathering more client information for you, which in turn may trigger further communications to the client or internal notifications to personnel. The communications can also incorporate a points system, where points will be communicated via the medium of your choice and can track transactions, highlighting key information. All of this is designed to keep your brand top-of-the-mind and to encourage a repeat sales cycle.

In future postings, I will break the features down and explain them in more details, and what it will accomplish for your business.