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"Your Home Business Coach Ezine"
Published Tuesday & Thursday
Lena Sanchez - Editor
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Lena
928-636-9425
Tuesday April 4, 2006
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This Ezine is available by subscription only. Your
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can be found at the end of this issue. The Mission of this
Ezine is to help you grow in business and in health!
============================
=> IN THIS ISSUE!
============================
<> Editors' Remarks
<>Motivational Thought!
<> Spotlight of the Day
<> Paid Ads Week/Month
<> Business Tip
<> Advertising Links
<> Business Coach of the Day
<> Change Your Life Information
================
EDITORS' REMARKS
================
Greetings and thank you for being an
optin subscriber.
I do hope this
finds you happy, successful and full of life... Am I getting
rich with my home business? Not on your life, but I'm loving
every minute and make enough for two people to live
comfortably. Can you say the same for your life? I certainly
hope so, if not you really need to make some changes in your
life NOW! Life is just too short to not enjoy it... Check
out our Library of Resources and find your niche in life!
Click Here for Business Library
Business Coach Of
The Day column is a very timely topic... Since about 75% of
my orders come by phone I can relate to the fact that phones
can be distracting and difficult to hear with so if you are
in business or thinking about going into Home Business pay
attention to Mike today!
Do what you must to be successful as
long as it's honest, something you enjoy and doesn't hurt
anyone.
Lena
Reminder:
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======================
MOTIVATIONAL THOUGHT
======================
"A
friend or associate telling you a product or service is good
is vastly more effective than even the most expensive
network TV commercial. We believe what friends tells us and
often act on their advice. I don't have any scientific proof
that this is true, but I strongly suspect that doing
something nice for someone is a major source of good word of
mouth."
~ Dr. Kevin Nunley
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BUSINESS TIP
==========================
Make Customers
Come Back - Winning Customer Retention Strategies
By Trevor Marshall
Customer Retention marketing is a tactically-driven strategy
to keep relationships with customers going and increase
customer interest. This strategy relies on the study of
customer behavior. Here are the basic tenets of a marketer
that seeks to increase customer retention:
1. Past and Current customer behavior
This is the best predictor of how customers will behave in
the future. They are the characteristics marketers should
most often look at. Analyzing customer tendencies and trends
allows the marketer to anticipate, if not predict, the
customers reaction to different situations. The marketer
must take note that behavior is action oriented, not a
description. For example, being a 35-year-old woman is not a
behavior; it's a demographic characteristic.
For example if you know from history that customer A is
likely to make a purchase if presented with a discount
promotion, then you might want to change your marketing
tactics to include promotional selling when approaching this
customer. A great deal of observation is needed if you
desire to predict your customers' behavior. This involves a
great deal of notetaking as well as watching what reaction
the customer has to different
situations.
2. Active customers are happy customers
Happy customers are retained customers. If your keep your
customers involved, they develop a sense of contentment from
the fact that they are in control. Marketers will take
advantage of this by offering promotions that allow these
customers to exercise this feeling of control. The most
common means of achieving this kind of relationship with
your customers is to offer promotions such as discount
cards, discounts, sweepstakes, coupons, and customer points
that can be converted to prizes.
Remember, if the marketing is not active, then the customer
is not active as well. And as we said earlier, active
customers are happy customers. Inactive customers on the
other hand are lost customers. So activity on the part of
the marketer is very important. Customer retention relies
heavily on satisfying your customers.
3. Customer Retention depends on:
- Action
- Reaction
- Feedback
- Iterate
This is a cycle that the marketer should perpetuate. If the
marketer fails to continue this cycle, more or less, they
will start losing the customer. This process makes for a
constant improvement in customer relationship and in
marketing power. It also optimizes the marketers? strategy
toward the customer. Remember that not all customers are
alike, so adapting your strategy to fit the unique types of
customers is vital in improving customer retention.
- Listen -
It's funny, but it's not the marketer who does all the
talking. If you expect to have your customers to listen to
you, you must also learn to listen to them. Remember that
marketers are trying to present products or services that
the customer desires. The marketer will never learn the
right approach towards addressing these desires unless he
listens to his customer.
- React -
Watch for the customer's reaction to different situations
and note them down. If the customer shows favorable reaction
to a particular type of pitch talk, try that approach again
next time. If the customer shows a negative reaction to,
let?s say, too much talking by the marketer, the marketer
should take note of this.
- Feedback -
Knowing what goes on in the mind of your customer is very
important. Usually they will be glad to have their thoughts
regarding your service known. The marketer may receive this
feedback through suggestion forms, interviews, and other
methods.
4. Allocating Marketing Resources
Customer retention is not free! You should consider customer
retention as a major activity. And all major activities
require resources. If customer retention is not given proper
attention, it will fail. Customer retention needs resources
to be effective.
You should not be afraid of its costs because customer
retention pays its own dividends. Remember that is easier to
keep a customer than to win new ones. And that it is easier
to lose one than to gain one. Lost customers will probably
never come back. And to top that, they spread negative
publicity about you. On the other hand, customers that are
happy attract more customers to your service or product.
Customer retention, therefore, should be an integral part of
any business plan.
***About The Author: For more great customer retention
strategy related articles and resources check out
http://retention.hrhaven.com
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===========================
BUSINESS COACH OF THE DAY
===========================
Does Your Telephone Sound Like
Donald Duck?
By BIG Mike
McDaniel
In business, what you say on the phone is important, sure,
but how that telephone conveys your thoughts can be a deal
breaker.
It all began when Judge Harold H. Greene ruled AT&T a
monopoly in 1982 and broke it into pieces. When that
happened, the vice grip hold on telephone ownership was
broken. No longer did you have to pay the phone company
monthly rent on a 5 pound black telephone.
The market was flooded with new telephone companies and
telephones. As deregulation continued, even the wiring in
your office or home was no longer covered or maintained by
the phone company.
What that means today is, your business phone and the
impression it makes is now your responsibility.
How many phones in your business? It makes no difference if
you use a multi phone computer driven PBX or have two phones
plugged into the same jack, they MUST sound good.
You have no doubt talked with someone in business who, for
whatever unexplained reason, just didn't sound right. It's
more psychological than anything, a nagging that something
is amiss. That little alarm bell may have changed your
impression of the person on the other end. All because of
the quality of the telephone voice.
Electronic prices fall daily as more and more little chips
take the place of traditional components. Computers are
selling for one quarter of their prices 3 years ago. Some
telephones now cost less than 3 dollars.
The difference is the way the telephone processes your
voice. The telephone wires, to use a cyberspace term, have
very limited bandwidth. If you have a good set of earphones
and listen to your favorite CD., you can expect your headset
to deliver 20 to 20,000 cycles of music. Your ears may not
even be able to hear that range. 20 is a really deep base
and 20,000 is a really high treble. 20 to 20,000 is the
standard. With the telephone wire, the range is more like
100 to 8000. Enough to hit the range of most voices, but
that's it.
With the telephone bandwidth limited, your phone must be at
its very best using that space. Remember that conversation
that your subconscious said was just not right? It wasn't
what was said, but how it sounded. On a good telephone, the
other party comes across crisp, sharp and clear. On some
cheaper phones, much of the processing has been left out of
the little chip, keeping the price down with the quality.
There must be an edge to your voice on the phone. The last
impression you want to give is that of talking through your
handkerchief or holding the phone at arm's length.
Lets hit some basics:
Your business telephone should be in two pieces, the
telephone itself and the handset. Forget about trendy one
piece $9.95 models.
Your telephone should be connected to the telephone system
by a wire. Plugged into the wall with one of those little
plastic connectors on the end. Don't use a cordless phone
for business communication.
Your telephone should fit your face. Here's a test. Next
time you are in any store with a big display of telephones
(even Wal Mart has a line of demos eight to ten feet long)
pick up the handset of every phone and put it to your ear.
Some just don't fit. Don't fit your ear, don't fit your
hand, don't feel right. If the phone doesn't fit, how can
your business conversation be any more than walking on a
blister from new shoes.
Another test, for the next week, carefully listen to the
"sound" on incoming telephone calls. Its your subconscious
that has been doing the listening up to now, but move it to
the front. Listen for a crisp sound. No muffles. Listen for
a presence; see if it sounds like the party on the other end
is right there in your ear not off someplace. Listen for
clarity, no static, no hum, Think about your comfort level
with the conversation. When things aren't right, the level
drops and maybe the business relationship as a result.
Cell phones do it all the time, low levels and the dreaded
drop out. Yet many believe it is because of the
infrastructure of the cell network, not the phones. On the
other hand, we believe the structure of Ma Bell's old
network to be sound and solid, so any departure from the
very best must be shoddy equipment on the caller's end,
right?
Impressions are everything and a crummy phone can impress in
the wrong direction.
When you hear a phone that sounds good, tell the caller you
are considering new phones and his sounds especially good,
what brand and model is it. Say it no matter how is sounds,
(compliment to get the order). Soon you will have a list of
phones you like and phones you don't want.
When you buy your new phone, be sure the clerk understands
you might bring it back tomorrow if it sounds bad when you
plug it in and there is no way to know until you do that.
Have someone in your office or family, plug it in and call
you. Listen for first class quality. If it is not there,
take it back.
Many people use headsets and headset telephones in business.
Even four-thousand phone call centers use headsets. The same
quality concerns come with headsets. When you are doing your
incoming call survey to see who sounds great and who
doesn't, you will get several on headsets. If they say they
are on headset, ask if it an over the head type, one ear
covered or two. Ask if it has an adjustable arm that moves
the mic near your mouth, or if it is an in the ear model
with a two inch stick across your cheek. In no time you will
develop you own opinions about which headset is best for
you.
Some headsets plug into your regular phone, some are
telephones made especially for headsets. Most have
amplifiers. The best have two amplifiers, one for your ear
to better hear the caller and another for your
mouth, so the caller doesn't have to strain to hear you
(that control is an adjustment you make when you set up the
phone by calling a few associates who understand the value
of being prepared).
The stores with the phone selection will also have a headset
collection, but they will be in sealed packages so you can't
fit them to your head or hear them work. Once you narrow
your selection, be sure the clerk understands your testing
policy or don't buy from that store.
Cell phone headsets are especially tricky. In an effort to
keep them mobile, they make them smaller which makes it
difficult to get good quality. Buttons in the ear and a pin
size microphone on the little cord are common, but the
little cord must be near your mouth or you sound like you
are calling from under Niagara Falls. There is even one with
the little microphone built into the ear button. Your voice
has to go out your mouth and make a 180 turn and follow your
cheek to your ear to be heard. How good can that sound?
What you need is for your business conversations to sound as
sharp and clear and professional as you are face to face.
You get that by avoiding the cheap phones and searching for
those that sound great to you. Take your survey, do you
research and your phone will soon match your
professionalism.
©2006 BIG Mike McDaniel, All Rights Reserved BIG Mike is
a Business Consultant and Professional Speaker. His BIG
Ideas Group helps business grow with promotions, special
reports, mastermind groups, seminars and consulting.
Subscribe to "BIG Ideas for Small Business" Newsletter
visit
http://BigIdeasGroup.com
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