The relationship you develop with your customers, combined with the personal information you are constantly collecting, can be a goldmine for future business. The fact is most business professionals spend a significant amount of money marketing to people they don't know in an effort to procure new business.

Wouldn't it make more sense to go deeper with your existing clients – to really understand their needs – and spend your marketing dollars on people you already have a relationship with?

In Bill Gates' book, Business at the Speed of Thought, he states:

"How you gather, manage and use information to serve the needs of your customer will determine whether you win or lose in your business."

This is a terrific definition of database management. Database management is about gathering information about your customer so you have an understanding of their relevant needs. From there, you can proactively structure a plan to give them exactly what they want.

Have you ever provided excellent service to a client only to have them turn around and use the services of one of your competitors without even giving you the opportunity to make a bid for their business? When this happens, it happens for a reason. The fact is, your client had a need and you weren't there to fulfill it for them, probably because you didn't even know they had a need.

We now have the ability to run reports and analyze the information you have about your customers. You can then use that information to put yourself a step ahead of the competition. By proactively serving your clients' needs and interests, you will no doubt become more successful.

 
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3 Comments on The Art of Database Management: Working Smarter

OCT
02
5 Featured Posts Outside Blog

This sounds like a good strategy, Darrell, but, more and more, people have the attention span of a flea. While you're analyzing their needs, they spot a realtor's sign and call the number from their cell.

9:04am • #1
OCT
04
867,760 Points 68 Featured Posts Outside Blog

Sometimes the simplest things can get you repeat business. Sometimes agents are so focused on themselves and selling the house, they don't bother to find out what their clients actually do for a living and try to send them business. Selling a home should be looked at as just another networking opportunity.

Todd Clark - www.LivingBeaverton.com

6:48pm • #2
OCT
24

Nice post.  You should link this post to your featured posts.  Not everyone will dig them out like me.

6:53pm • #3

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Darrell Walters

Newnan, GA

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Integrity Mortgage Funding

Address: 395 Millard Farmer Ind Blvd, Suite A, Newnan, GA, 30263

Office Phone: (678) 648-5626

Cell Phone: (678) 326-0417

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