YOUR BEST FORM OF ADVERTISING

Reblogger Debbie Reynolds
Real Estate Agent with Berkshire Hathaway HomeServices PenFed Realty, Your Clarksville Real Estate Professional TN Broker: 208698

Take care of the clients you have and your business will continue to flourish. Good news passing from one to the other. 

Original content by Grant Schneider

 

Your best form of advertising is your current clients.  That's right, and it is also the most economical.

Peter Drucker said that the purpose of business is to create and keep a customer. It is really that simple. Creating a customer is done through a clear message and marketing but keeping a customer is based on performance. Not enough of us really focus on the retaining customer part of that equation.

How many times have you heard, "what separates us from others is our service."  I hear it all the time but does the speaker really know what that means? And also, too many focus on customer satisfaction to determine their customer service measurements. This measurement does not get to the heart of what separates them.

Some also make a mistake in the method of measuring the voice of their customer. Asking people to write a rating on social media is MARKETING not measurement. Measurement is consistent, private, and asks for the good, the bad, and the ugly. This gives management a dashboard for continuous improvement.

Satisfaction surveys are unable to predict customer behaviors because they are built on faulty foundations. Many organizations assume that high levels of satisfaction translate into customer loyalty when, in fact, customer satisfaction ratings are more closely linked to your customers’ perceptions of your products or service attributes rather than to the value gained by those products or services or your product or service compared to competition.  It is all about the perceived value proposition.

Satisfaction is a measurement of, “I expected it and I got it; therefore, I’m satisfied.” If this were translated into a grading system, satisfaction could easily translate into a grade of “C” on any report card. The desired score is obviously an “A” and A’s always equate to loyal customers. A’s imply that customers got more than they expected and their expectations were exceeded in some way. Based on what is truly important to customers, they received more value from you than from your competitors.

Perceived value as defined by customers (as opposed to being satisfied) creates loyal customer relationships, and customer loyalty is the best predictor of your future strength and growth potential. The value you provide to your customers is always compared to the value your competitors provide; therefore, value is your customers’ perception or your relative to similar real estate agents or other service providers—your competitors!

 

Great Leadership

The best way to create perceived value in the eyes of your customer is to always exceed their expectations.

In summary, create a system to survey every customer on each transaction or service. You will know if you are continuing to exceed expectations and if the measurement starts to fall you can immediately make adjustments. Loyal customers are your least expensive form of advertising and it can best be summed with the survey question, “How likely are you to recommend us to your friends?”

For a similar post on our web site see HOW DO YOU DEVELOP A LOYAL CUSTOMER BASE?

 

Need help in creating a system to measure the voice of your customer?

Contact Us for a Free Consultation

or call 914-953-4458.

 

Real estate expertise provided by Grant Schneider on ActiveRain

 

Business Coach - Strategic Plans - Sales and Marketing Coach

Grant Schneider- Personal and Professional business coachGrant Schneider - Leadership and Business Coach Creating Successful Business Outcomes

President Performance Development Strategies

- Business Coach

- Business Performance and Strategic Business Plans 

- Sales and Marketing Coach

- Organizational Effectiveness

- Time Effectiveness and Organization

914-953-4458, Armonk NY 10504 grant@pdstrategies.com

Visit my website www.pdstrategies.com for information on how you can obtain quantum leaps in your business performance.

Helping businesses go from "good to great"

 

Perfomance Development Strategies - Westchester NY

Active Rain Top Blogger Award

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Best Practices

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
3,641,458
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Thanks for sharing this post from Grant, Debbie.  I think he is absolutely correct.

May 18, 2017 04:39 AM #1
Rainmaker
1,220,862
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good Morning Debbie - thank you for the re blog.  Have a great day.

 

May 18, 2017 04:56 AM #2
Rainmaker
2,503,040
Sheila Anderson
Referral Group Incorporated - East Brunswick, NJ
The Real Estate Whisperer Who Listens 732-715-1133

Good morning Debbie. Great choice for a re-blog and I agree. Now off to tell Grant.

May 18, 2017 06:48 AM #3
Rainer
72,752
Shahar Hillel
Augusta Financial Inc. - Stevenson Ranch, CA
Mortgage Consultant, Loan Officer.

Debbie good afternoon.

Thank you for the re-blog. Excellent post.

 

May 18, 2017 01:19 PM #4
Rainmaker
3,058,371
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Debbie

Great choice to re-post Grant Schneider post.

Good luck and success.

Lou Ludwig

May 18, 2017 08:16 PM #5
Rainmaker
3,951,780
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

This is an excellent selection for a reblog. I recommend the blogs by Grant Schneider

May 19, 2017 08:37 AM #6
Ambassador
1,948,703
Debe Maxwell, CRS
www.AtHomesCharlotte.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

I missed this one, Debbie but, it applies to us all and it is SO true!  And, it's far easier to cultivate an existing relationship than work towards new business strategies!  Give them what they want, exceed their expectations and they'll be raving fans!

Have a great Sunday, Debbie!

May 20, 2017 09:00 PM #7
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Ambassador
3,071,521

Debbie Reynolds

Your Dedicated Clarksville TN Real Estate Agent
Clarksville and Real Estate are my specialities! May I help you?
*
*
*
*
Spam prevention

Additional Information