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Bank Accounts For Business

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Ok, you’ve located the prospect, qualified the lead, made the contact, secured the appointment, made the presentation, presented the proposal and finally closed the sale. You now have a customer; that is someone who has done some business with you.



But now what do you do? How do you turn that customer into a loyal CLIENT? Understand this: creating long-term client relationships is not as easy as it once may have been. Today’s consumers are sophisticated, educated, savvy buyers who have a whole world of information at their fingertips. Add the fact that your competition has become fiercer and are constantly trying to “buy" your customers and the result is buyers who are far less loyal then in the past and stand ready to “trade up" the moment you miss a beat. You must know how to build “relationships" and become an integral partner in such that you transcend the lure of a discount.

In reviewing your account base for more business remember three words: Care, Cultivate and Consult!

Care – for the Customer

The dictionary definition for “to care" means to be concerned. The first thing you must do is demonstrate that you are concerned; you care for your customer and their business. Note the word I used was “demonstrate" and not “talk about." You can tell the customer how much you care but you have do actually show that in what you do. How often do you call to ensure their needs are met? Not to see if you can get another order; but to see if you can be of SERVICE? As you work with your base, you want to contact your customers and show that your concern for their well being and success goes beyond the commission you already spent.

Send an email asking new questions, continuing to sell your services and the fact that you are always available.

“Hi Miss Customer; of course you know we sell software solutions, but I noted the last time I was there that you were having some problems with your file and print servers. I was just wondering if I may be of some help."

Let your customer know that you are there to assist even in areas were you do not get paid to do so. Keep notes in your CRM database, keep your eyes open for industry news that may apply to the customer and ask questions. Listen, you did things like this when you were trying to impress the prospect to get the first sale—now keep it up!

Cultivate – the Relationship

Most sales people believe that the way you cultivate and build a relationship is to go out of your way to become drinking buddies or golfing partners with your customers and while such may sometimes be the end result, it is not the path.

The correct path to a deep relationship is to continually provide valuable services, solve problems and become a close “partner" to your customer. By doing this, the personal relationship will automatically develop—but it will be sincere! Look, people are not going to remain loyal to you just because you sent a bottle of scotch or ‘butter them up’ with false flattery every time you see them. Be sincere and help them.

“Mr. New Customer, I came across this article on international mortgage rates and I know you are looking for a new location, so I thought you could use this information…"

A good way to cultivate is to ask the customer to explain and boast about their achievements. As they do this, it gets you deeper in to the company and closer to the client. “Miss New Customer, since you took over IT at XYZ, you increased efficiency 85% and I am glad I was able to help with our software solutions. But I would really be interested to know how you overcame so many other challenges like high turn over at the help desk. Could I buy you lunch and…"

Consult – Always

Continue to be a consultant, which means to give advice; to be a counselor, industry authority and mentor. “Mr. Customer, there is a conference next week on international shipping; it might be a good idea if your shipping manager could be there."

“Mrs. Customer, I know you have a booth at the upcoming convention and I would like to give your sales team a few extra tips on using our CRM that will help them maximize the amount and quality of the leads they capture…"

For solid account management: Show you care. Cultivate and broaden the relationship. Continue to be a consultant.
Bank Accounts For Business
One of the perks of being financially independent has something to do with that warm glow you feel as soon as that first paycheck comes in. Unfortunately this perk comes coupled with a dilemma. What do you do with such a significant amount of money? Probably the best way to deal with this is to keep your money in a bank account for safekeeping. You can be sure that it would be secure, all the while giving you the freedom to dispense of it as you please. You can entrust it in either a savings account or a checking account. Your decision on which kind of account to open depends on how you would like your money to work for you.

A savings account enables you to keep money on deposit while accumulating interest on it over time. If you really want your money to grow, this is the better type of account to go with. But you are in a slight disadvantage when it comes to pulling out funds, since you would have to go to a bank or an ATM (if the bank offers you this option) every time you withdraw cash. If you are the penny-pinching, thrifty type, this account works well for you. The minimum balance for opening it is very reasonable, and your money multiplies as long as you sit on it. You need to talk to your bank concerning interest rates and transaction fees, just to make sure that you'll know what you're getting into. Do business with banks which offer the highest interest rate possible, while giving you as much freedom to release your funds as you would like to.

On the other hand, a checking account works well for you if you're a practical spender. With a checking account, you can deal with transactions such as paying your utility bills and house mortgage with relative ease through the use of personal checks. This eliminates the need to go to a bank every time cash runs out. You can spend your money through checks anytime you please; you should be careful enough to track your spending, though, as there is a possibility that you could overdraw your account. Writing and releasing a check without the funds to back it up results in a bad credit rating. The bank will charge a penalty for the transaction and will return the check to you; this is called a bouncing check. It affects your credibility when you apply for loans or a credit card in the future, and in worst cases, a felony charge may be file against you.

Obviously the issues that you have to contend with in choosing which account to open with varies with how you plan to do away with your money. Do you want the profitability of a savings account? It lets your funds grow, and you are in no danger of overdrawing your account. Do you want the freedom and convenience of a checking account? It's a safe and convenient way of liquidating your funds, but there's that danger of writing that bad check. Your decision depends on your attitude towards money and how you would like to use it. If you're in a situation wherein you constantly need to release substantial amounts of money, then you'll need a checking account. If you want your money to sit tight for long periods of time, and you can deal with cash most of the time, you would go well with a savings account. There are advantages and limitations to both types of accounts mentioned. It's for your own financial ease that you weigh and consider your options before you open with any of them.
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About Author
Both Sean & Thomas Winn are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.

Sean has sinced written about articles on various topics from Sales and Negotiation, Social Bookmarking and Online Business. Sean McPheat and his team provide sales training across the UK, Europe, US and the Middle East. Visit his. Sean's top article generates over 9900 views. Bookmark Sean to your Favourites.

Thomas Winn has sinced written about articles on various topics from Sales and Negotiation, College Student Loan and Computers and The Internet. Thomas Winn is a freelance writer for many small financial blogs. With years of experience as a financial advisor, Thomas enjoys managing finances. Other than his advice, Thomas recommends a new financial site that provides. Thomas Winn's top article generates over 8100 views. Bookmark Thomas Winn to your Favourites.
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