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Book Description

Closing individual sales, in most businesses, is not enough for success. Success depends on developing profitable lifetime relationships with customers. But gaining customer loyalty requires hard work, care, and attentiveness. In this book, you'll learn to assess the lifetime value of a customer, and why it makes sense to build loyalty among your target customers. You'll also learn to:

- Understand the service-profit chain
- Leverage the interrelationships among customer satisfaction, customer loyalty, employee capability, and company profitability
- Build and refine a process for delivering extraordinary value to your customers

Table of Contents

  1. Cover
  2. Pocket Mentor Series
  3. Copyright
  4. Mentor’s Message: Why Focus on Your Customer?
  5. Focusing on Your Customer: The Basics
    1. The “Three Rs” of Customer Loyalty
      1. Retention
      2. Related sales
      3. Referrals
      4. The three Rs and your internal customers
      5. When marketing budgets ignore the three Rs
    2. Targeting the Right Customers
      1. Finding your target customers
      2. Matching your target customers’ expectations
    3. Understanding How Customer Loyalty Affects Profitability
      1. Calculating lifetime value of a customer
      2. Appreciating the service-profit chain
    4. Sharpening Employees’ Focus on Customers
      1. Understanding the high cost of workforce turnover
      2. Combating turnover
    5. Getting to Know Your Customers
      1. Obtaining feedback from customers
      2. Observing customers
    6. Delivering Irresistible Value to Your Customers
      1. Understanding the customer value equation
      2. Developing satisfaction goals for profitable customers
      3. Establishing customer-friendly processes
      4. Designing effective customer listening posts
  6. Tips and Tools
    1. Tools for Focusing on Your Customer
    2. Test Yourself
    3. To Learn More
    4. Sources for Focusing on Your Customer
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