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MLM Relationship Marketing

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					MLM Relationship Marketing

Simply put, relationship marketing puts the word custom back in customer.
Seems simple enough doesn't it? Almost a no brainer, but relatively rare
in many marketing circles. The focus now is on attracting customers
rather than keeping them - a term referred to as offensive marketing.
It's slowly changing over time, but how bizarre is that, to not try and
keep your existing customers? Relationship marketing will make all the
difference in the world, not to mention it can save you and your business
money.

Relationship marketing evolved from direct response marketing in the
1960's, emerging in the 80's to become a system that places emphasis on
building longer term relationship customers rather than on single
transactions. This marketing philosophy means, understanding customer's
needs as they go through their buying life cycle. Put another way,
offering a range of products/services, as your customers actually need
them.

Why would focusing on your existing customers be more profitable? If
you're constantly spending money and resources to land new clients, you
aren't paying attention to your loyal customers - the ones who are
keeping you in business now. Ignore them at your own peril. This is
called churn, or the customers who won't come back to you if you alienate
them. Another term for trying to keep customers and increase their
loyalty is called defensive marketing. Customers who have already bought
something from you are your bread and butter, your key to continued
profitability. Bottom line? You NEED them and can't afford to lose
them. They're your assets. And you value assets and treat them
accordingly. Customer loyalty is worth money to your business, since the
cost of keeping an existing customer is only about 10 per cent of the
cost of getting a new one. Lesson is? Pay attention to your present
customers and your MLM business will have a solid footing for the future.

				
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posted:8/2/2011
language:English
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