Repeat purchase and loyal customers help drive your business success, revenue and profit
How can you tell how loyal your customers are?
You can do a self-assessment and/or bring some experts in to help you benchmark your current state and help you improve it (from where ever you are starting).
Here are some questions you can ask to start your own self-assessment to get a head-start:
- To what extent are your customers repeat users?
- Would they recommend your company? How highly would they recommend you? Why or why not?
- What ties your customers to you?
- How well are you meeting your customer expectations?
- How well do you really know what your customers expect (from their perspective)?
- Do your customers feel like hostages or partners? Are you seen as a vendor/supplier or ally?
- What is the value of repeat sales and incremental sales compared to new sales for your business?
How comfortable are you with your answers to these questions? Are you feeling satisfied and content? Are you feeling like some of the issues may need to take a higher priority for you? Do you feel like you know what to do? Or that you would like some help, or advice and counsel?
Take actions in the direction your answers lead you, whether that is tuning up some things, getting outside help or continuing to do what you’re doing. The point of these questions is to give you insights into how your customers are valuing what you deliver and their likely level of loyalty to you and your services. Then based on those insights, what changes, if any, do you want to put in place so that you have more repeat and referral business that will drive your revenues and profits higher, along with cementing your customer loyalty.
What are your favorite questions to assess customer loyalty and gain these insights? What’s working for you or what’s challenging you the most?
