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Customer Connection: Building A Long-Term Relationship
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Customer Connection: Building A Long-Term Relationship
Originally published: 07.06.20 by Synchrony
Connecting with customers is more than just communication. Connecting is a strategic effort to create relationships beyond the initial transaction. It involves communication, but it is so much more.
Why is connecting important? Because connected customers tend to become repeat customers, and repeat customers are vital to business success. Also, it is less expensive, and therefore more profitable, to KEEP a customer than to create a new one. Connected customers may not need to be enticed to come back, they come back because they want to. They may make more frequent purchases and become advocates for your business.
Connection is a two-way street. Both parties, you and your customer, have different perspectives and different needs. You each seek something and you both have something to give.
What do you want from a customer relationship?
- A sale, reasonable profit, loyalty and referrals.
What about your customers? What do they seek from you?
- Quality/value, honesty, information and support.
If your business provides what the customer wants, it is far more likely the customer will give you what you want.
Initiate
The customer connection begins even before your first personal interaction. The image of your business plays a role in how you are initially perceived. If you present your business as
The first actual meeting, the initial in-person selling experience, is an important factor in customer loyalty. This is where the connection begins, so it is essential to provide a great experience wherever that first encounter takes place: in the home, in a showroom, on the computer, or on the phone.
The key to a successful initial meeting is listening. Ask questions, get to know the customer and find out their actual need, not just what they are looking to purchase. Their need is why your business exists, so meeting that need within their budget and to their satisfaction is essential for sales success. Remember that consumers typically want options, both in product choice and payment options. In your discussion, help the customer avoid potential problems, provide value and assure them of support after the sale. And, make sure they do a fair share of the talking.
This first encounter sets the stage for future interactions, so it is important to establish trust. If they trust you, they could be more likely to buy from you and perhaps become a repeat customer. They may also provide their contact information, which is extremely valuable in establishing a connection.
Communicate
If they are willing to share their contact information, then you can begin to communicate with them on an ongoing basis. It is important that you do not abuse this privilege. Overcommunicating is a turn off and can kill the connection. When you communicate, here are three things to remember:
- Provide useful information — a special sale or discount, new product offering, seminar or something else of real value to the customer.
- Make it personal — use their name and pronouns such as “you” and “I.” Write as if you are writing to a friend, and keep it brief. And remember to acknowledge their birthday, purchase anniversary and other milestone dates.
- Online communication can be an effective way to connect with your customers — although which channel may depend on the age demographic. Younger consumers may prefer Instagram or a text, while older customers make prefer traditional email or Facebook.
Responding to customers is a powerful connectivity tool, too. If they reach out to you with a question or complaint, get back to them right away, the sooner the better. A same-day response is best, but certainly within 48 hours. In the customer’s mind, the swiftness of your reply reveals the value you place on their business.
Educate
You are an expert in your business. You know more about your products than anyone (or you should). Customers look to you for answers. Become their trusted advisor. But also beware; make sure you know the correct information. Make sure you’re up-to-date on all the latest industry innovations, trends and local news.
You can become a trusted advisor by sponsoring or participating in events. Host seminars or webinars. Become a media contact for your area of expertise. Use social media to create friend groups relevant to your business. The goal is to make your business a hub of information and activity for your area of expertise. This will encourage customers to value their connection with you.
Validate
It is great to feel appreciated. Show your customers their value by reinforcing their behavior through connectivity.
Service after the sale is a great way to connect with customers and make them feel appreciated. Any time you can solve a problem or make something right for a customer, do so, even if it doesn’t make complete financial sense for you. Going out of your way to make a customer happy can reap significant rewards for your business. Your customers will feel special, it adds value to the purchase and it enhances your reputation for honesty and integrity.
Commit
Connecting with customers is not a campaign, it is a commitment. It is a business philosophy that impacts every aspect of your organization every day. Consumers are always looking for businesses they can trust. Earn their trust in that initial visit then grow it through strategic and consistent communication. Stay connected and you will make customers for life.
About Synchrony
Synchrony (NYSE: SYF) is a premier consumer financial services company. We deliver a wide range of specialized financing programs, as well as innovative consumer banking products, across key industries including digital, retail, home, auto, travel, health and pet. Synchrony enables our partners to grow sales and loyalty with consumers. We are one of the largest issuers of private label credit cards in the United States; we also offer co-branded products, installment loans and consumer financing products for small- and medium-sized businesses, and healthcare providers.
Synchrony is changing what’s possible through our digital capabilities, deep industry expertise, actionable data insights, frictionless customer experience and customized financing solutions. For additional information, visit toolbox.mysynchrony.com/hv
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