Do you have customers that leave suddenly? You've been doing this outstanding job for them, lavishing them with truckloads of service and yet they're gone without a word.
The key operating factor here is 'without a word.' That's the scary part! The silent ones are always the most dangerous. If you would like to learn how to keep your customers, you've first got to keep them noisy. Read this article to find out just how you can make complaining clients one of your biggest assets.
Imagine you run a pizza parlour. You have all these neighbourhood families that pop in at least once a week for some pizza, garlic bread and Coke. On an average, one customer spends about $30 per week. But let's assume they spend just $20. Imagine you did something that bugged this customer, but he or she never told you about it. What would you stand to lose if they left?
Its simple math: You lose $20 x 50 weeks. That's equivalent to $1000 a year.
If you lost just 10 such customers per month, you'd lose about 100 clients a year.
That's $100,000 that could be in your back pocket if you were a little complaint-conscious.
That Doesn't Happen in our Business: The Denial Syndrome
Overtly it won't. In a Bain & Company survey of major corporations, they found that on average, U.S. Corporations lose half their customers in five years. Notice, it wasn't 'one year' or 'suddenly'. Clients have a tipping point. They get unhappy bit by bit and then its camel-back-breaking time. So if you think that all your customers are happy with you-they aren't. It's a basic fact of life.