Hi, and welcome again to this week’s marketing tip.
I want to thank those of you who have emailed me with topics you would like me to cover. You will read my strategies to help you solve those problems in coming issues.
Now, to continue on this important topic.
This week, I will go over the first two reasons customers stop buying.
- The customer no longer needs your product or service and,
- The customer had a bad experience with your company or product.
Let’s start with the first reason…
The customer stopped having a direct use for what they perceived to be your basic product or service. There are two possibilities here.
The problem could simply be a matter of perception. You may never have communicated to them that you have other complementary or more advanced products or services.
Let’s say you’ve just signed up a new customer or distributor. Most of the time, we tend to think that this is the end of the process — that once they’ve joined or purchased, the job is done.
But as many of you know, that’s not really true. There are countless things that can influence whether that person stays active, keeps ordering, or even starts building their own team.
If they don’t realize that you can help them with more than just the initial product or enrollment, they won’t think of you as someone who can truly guide them. Or as a leader who helps solve their challenges.
Let’s use product usage and motivation as an example. You know that people’s excitement and consistency can fluctuate depending on what’s happening in their life, their goals, or even their confidence.
By staying in touch, offering encouragement, sharing results, and reminding them why they joined in the first place, you keep their energy alive.
So when they’re ready to reorder, attend an event, or start growing their team, you are the first person they turn to.
And if you’re proactive, reaching out before they drift away, you don’t just keep a customer or team member…
You build loyalty, duplication, and a community that grows with you.
There are many things you can do to make your customers believe that they will always need you.
The solution is very easy. Better education of your customers. If you’ve got more advanced products or services, don’t keep them a secret. Never assume that a customer isn’t interested in something else that you might offer.
But, let’s suppose that you actually only have one category of product or service, and some of your customers really no longer have a need for it. How can you continue to profit from them?
Let’s not forget about referrals and joint ventures. Your best customers, even those who no longer need your product or service, are still your best source of new customers.
Another way to profit from customers, who no longer need your services, is to set up a joint venture with a business that offers different or more advanced products or services. You can offer them the names of your inactive customers in return for a portion of the revenue they generate.
Now let’s get to the second reason customers might stop purchasing from you…
The customer had a bad experience with your company.
By communicating with your inactive customers to express your concern, you should also ask them if they had some negative experience dealing with you or your company.
Most customers aren’t complainers. They just stop doing business with you, but if you communicate with them, they will let you know if there was a problem.
A negative transaction is the second most common reason people stop doing business with a company. Many things can go wrong in the mind of the customer.
In the recruiting or onboarding process, it’s possible that you or someone on your team didn’t handle everything perfectly, even if it wasn’t intentional.
Maybe a message went unanswered. Maybe someone felt rushed or pressured to join. Or perhaps a promise was made that wasn’t followed up on exactly as expected.
These things happen… but recognizing and addressing them quickly can turn a small mistake into a moment that actually builds trust and loyalty.
Like I said above, most customers won’t complain directly to you.
Instead of calling and complaining about the negative experience, it’s possible they simply dropped the relationship with you.
Your job is to express to them when you communicate with them, that if there was anything unsatisfactory, any problem, any disappointment or anything wrong with the purchase they made, that you want to hear about it and correct it immediately.
Explain to them that, if that’s the reason they haven’t purchased from you, you feel terrible and are committed to doing whatever it takes to make the situation right.
Above all, you want to make certain that, even if they never buy again from your company, they can honestly say that the last time they purchased from you was a satisfying one.
Depending upon the business or profession that you are in, making up for your customer’s dissatisfaction may mean you fix the problem immediately.
It might mean that you replace something, or you can give them some additional free items or services to make it up.
The important thing is to do whatever it takes to make them happy and aware that their well-being and satisfaction are of the utmost importance to you.
Ultimately, the chances are great that you will win them back as customers again. But even if you don’t, you will gain a valuable insight into areas of your company that need improvement and you will prevent the problems from ever happening again.
Well, that’s it for this issue. If you need step-by-step instructions on how to implement this and other ideas I give on creating customers, simply go to this training page.
Feeling Stuck In Your Downline?
Check out my new book Stellar Marketing. I reveal new ways to tap into the hidden psychology of customer desire. Do this and you’ll turn even the most skeptical prospect into a loyal, raving fan.
Also, my business E-BOOKS are now available for you to download. (Download the e-books here…)