Premier Flooring Retailer FF PFR Q317 | Page 22

FLOOR ED Don’t Kid Yourself, Customer Loyalty Doesn’t Have to be A Thing of the Past Y Lisbeth Calandrino An industry veteran, Lis Calandrino has more than 50 years in the flooring industry. She has worked at all levels of the industry, from retail to manufacturing. She has served as business coach, trainer and keynote speaker. She is also a con- sultant, writer and blogger. Lis provides top notch training in the areas of customer service, sales, change, building ou’ve given the customer a great shopping experience, and now you’re at a loss. What should I do next? Despite the fact, we know it costs “ten times more to get a new customer than keep an old one,” most businesses still focus on the “chase.” You know what you have to do. Unfortunately, like many companies, you’re not doing anything. You’re relying on the customer to remember you. Our statistics tell us that after three months out of your store, the customer doesn’t know where they shopped or the salesperson’s name. If you’re relying upon their mem- ory, you’ve got a problem. Have you ever been in a store, about to write a check and had to ask the salesperson for the name of the store? When will your customer need you again? I know when they’ll need you; they’ll need you when they’re ready! Your job is to be there when they’re ready. The only way this will happen is if you consistently stay in touch, so they can find you at the right time. If you don’t do this, you are leaving your business to chance. That means that a more aggressive company may be around to entice your company at the right time. Don’t leave your business strategy to “mind reading.” Mind reading is an “iffy” sci- ence. Every industry has statistics on when customers buy again; there are many factors that come into play. As we’ve often heard, timing is everything, but whose timing? Sure when the fall comes, people clean out their junk, have tag sales and look for ways to make the winter more bearable. However, this isn’t a science either. competitive advantage, using social media to build your business, creating the customer experience, and building the customer’s “According to Greg Incardona, Vice President of followyourcustomer, a customer relation- ship marketing tool, (CRM), “The only logical way to get someone to think of you when the time is right, is to make sure they think of you whenever it’s appropriate. They need to be constantly aware you exist.” “moment of truth.” 20 Premier Flooring Retailer | Q3 2017