10 Concepts To Help You Uniquely Define Your Favorite Customer

0
94

Share on LinkedIn

If you don’t already understand that your business is customer driven and that it all starts and ends with the customer, then you need to read this. I am going into ten concepts that will help you define who your favorite customer is and what makes them tick. The fact that they all start with “C” as in customer should not be lost on you.

1. Commonality

You need to understand what specific elements they have in common – their demographics (age, sex, race, marital status, household size, occupation, income level, religion, education) individual consumers or companies (type), their geographics (distance, urban/suburban, rural) their psychographics (lifestyle choices, attitudes and behaviors that influence buying habits) and their quantity.

2. Congregation

What causes them to get together. Do they share similar characteristics (women shop differently than men, weekday shoppers buy differently that weekend shoppers, different ethnic group may have different product preference interests (Latinos choose different colors than Caucasians).

3. Communication

What key words and phrases they use to describe their pain and how they think your product or service will relieve that pain. When you communicate with them thes are the words and phrases you will use to relate your product to their point of pain.

3. Clarification

Clarify the specific problem they are trying to address and if they need one or more of your products to do so. Exactly what product mix they need and exactly how will your product or service make their pain disappear.

4. Countenance

Are they buying your product to save face? Do they really need your product, is it optional, or even more so is it considered a luxury item? This also determines how much they will spend on the purchase.

5. Cost

What are the factors that influence their decision to buy: price, quality, warranty, service, color, size, weight? Are discounts and terms important to them?

6. Compromise

Is the buyer the same as the user? Who makes the decision, how many levels of approval does the purchase have to go through and how long will it take to get a decision.

7. Consistency

Is their buying period tied to a season or a specific time of the month or week. How often will they buy the item? How often will they be using the goods/services they buy? This helps you to pick out repeat buyers and understand their buying frequency.

8. Credit

Do your customers pay in cash or by credit card. Will they want to pay in installments and will they want to put advances on a purchase and have you place the item on hold.

9. Contact

You need to have specific employees responsible for regular customer contact because customers always need and treasure follow-up servicing.

10. Competition

How do they compare your products to your competitors’? Do they consider your products unique and not available elsewhere. Does your competitor’s product fit the customers’ model for fitness and use.

Remember that it all starts and ends with the customer. If you don’t understand your customer and relate to him/her you will not be in business very long.

Republished with author's permission from original post.

Jim Smith
YCHANGE International
Jim Smith mentors entrepreneurial start-ups and counsels small to mid sized companies that are looking to expand or are under performing or under capitalized.

ADD YOUR COMMENT

Please use comments to add value to the discussion. Maximum one link to an educational blog post or article. We will NOT PUBLISH brief comments like "good post," comments that mainly promote links, or comments with links to companies, products, or services.

Please enter your comment!
Please enter your name here