Customers are the lifeblood of any business (whether it's online or offline). So it makes sense to look after your hard-earned customers and give them excellent value for the cash that they hand over to you. It's not about you. It's about the customer and their wants and needs. Giving value will increase the conversion rate of leads to sales, number of transactions and average $ sale. This results in greater profits for you for less work.
You should provide products and services that you can be absolutely proud of and that you would have no hesitation in selling to family or friends. This leads to happy customers. Happy customers will buy more from you, more often. Happy customers will recommend you to other people. On the other hand, unhappy customers won't buy from you any more and they will tell everyone of their bad experience with you? not so good for your business
A business transaction is a simple exchange? cash is exchanged for your product or service. The customer needs what you have (the product or service) MORE than the money that they give you. It stands to reason then that the product must be of EQUAL or GREATER VALUE than the dollars that are given to you. Greater value is always better because this adds the WOW factor to their purchase. The product should be loaded with benefits? not just ?so-called? benefits in the sales copy but real benefits that the customer will really appreciate from you.
With every customer, you should endeavour to ?go the extra mile? for them. A lot of people will be questioning whether it's really worth going to ?all of this trouble?. But just consider that going the extra mile for your customers will turn most of them into profitable ?lifetime customers?. This is actually a lot ?less trouble? than continually looking for new customers. So consider some really easy methods like ?thanking? your customers, staying regularly in touch with them, giving them free tips and help (rather than just selling to them all time), and giving away free items of value (such as good e-books) for being such a great customer.
What if you get complaints from a customer? Even in this situation, you can turn this around and convert them into a loyal customer? if you handle it properly. If you get a difficult customer or someone with a complaint, stay calm, breathe (I'm not kidding), don't take it personally or attach emotion to the situation. Do your best to listen to what the customer has to say. If you treat them with respect and show that you are trying to help them, this should go a long way to resolving the problem? and keeping them as a customer. Obviously, some people are never happy no matter what you do, so you may have to just ?move on? in this particular instance.
It's always easier and cheaper to sell to existing customers than to find new ones? that's common knowledge. Bottom line is: if you don't give your customers good value, they will simply return the product which isn't good for your profits or reputation.
Creating Value For Customers
Now you may be saying to me, 'I am already working 18 hour days! How much harder can I possibly work?' Or if you are working for somebody else you may be thinking, ' this does not apply to me. As an employee, my hours of employment are fixed from 9am to 6pm. I do not get paid more for working longer hours.'
Well, when I talk about increasing the time you spend creating value, I do not necessarily mean that you must work longer hours. Rather, you must spend more of your time only on activities that create the greatest value that generate the most profits for your company.
Whether you are an entrepreneur or an employee, you will have a list of things that you must do daily as part of your role. You will find that not all the things you do create the same amount of the value. There are some activities that create high value while some activities are low in value. I
In fact, I have discovered that for most average income earners, they only spend 20% of their workday doing truly high value creation activities while they spend 80% of their time on low value activities like checking email, attending unproductive meetings, chit chatting, complaining, waiting, finding lost item, stuff that does not generate profits or help clients meet their goals.
High-income earners are the opposite. They tend to spend 80% of their time on high value creation activities like business development, closing sales, innovating new revenue streams, marketing strategy, following up with prospects, strategizing on how to improve productivity, managing projects, getting feedback from client, stuff that lead to high customer satisfaction and higher profits!
If you can find a way to help people get what they want, they will pay you for it. If you can help your boss or company get what they want (i.e. higher profits), then you will be rewarded for it.
Why is Bill Gates the richest man in the world? This is because Gates has created the greatest value in the world. Because of Microsoft products, millions of people have been able to work more efficiently and achieve their personal & business goals.
So start keeping track of how you send your time each day and focus more of your time on high value creation activities and your income will increase.
Spend your time on high value activities and you will maximize you income, making you a millionaire in no time. Focus on serving people first and give them what they want. When you do that, I can guarantee you that will create a lot of wealth in your life. Create value for others and you will create wealth.
Both Andrew Jones & Adam Khoo 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.
Adam Khoo has sinced written about articles on various topics from Recreation and Sports, Web Development and Computers and The Internet. Adam Khoo is an entrepreneur, best-selling author and a self-made millionaire by the age of 26. Discover his million dollar secrets and claim your FREE bonus report 'Get Out Of The Rat Race Now' at. Adam Khoo's top article generates over 90500 views. Bookmark Adam Khoo to your Favourites.
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