Steady Clients: Passion or Passivity?
Most people in business assume that a steady client is a good client. From some views, that is absolutely correct: you lower your cost of acquiring a new customer while increasing the customer's lifetime value, or the amount of money the entity spends with you over the span the two of you do business. In short, the more money you make over time from a customer, the more efficient your marketing becomes, the more time and resources you can invest in building the future of your business, and the greater return on your previous marketing time and money investment.
Not all steady customers are the same:
- Some like doing business with you. They will seek you out, at least for the types of work they perceive you as doing well.
- Another group does business out of convenience. They have experience with you, so you become the devil they know, rather than the one they don't. That's not to say that all clients in this category consider you a devil, but we all have our weaknesses. On the balance, they find that doing business with you is a reasonably move on their parts.
- Third comes clients that work with you out of habit or inertia. They may not particularly like your work, business model, or style, but it's not enough to drive them off immediately.
- Fourth is the captured group that does business with you because they feel that they have no other choice, but they are actively interested in finding a replacement.
I know we'd all like to think that all of our clients love us, but it's simply untrue. Look back over your career with some honesty, and you'll remember companies that flushed you out, or that took some work but didn't seem overly interested in having you do anything additional. There may have been some companies that kept a relationship only to get through a project - they were captive at the time - and beat a hasty retreat at the first possible moment.
Looking at your clients this way isn't to enter the land of blame, but of assessment. It may be that you and a client were or are simply incompatible, and that further business would run counter to either of your interests. The client might have been so unrealistic that a reasonable business effort would never have sufficed, and that there would never be enough forthcoming compensation to justify the exertion. Or it could be that you need to improve something - writing, business practices, areas of knowledge, or so on.
It generally takes time to know yourself well enough to begin making these judgment calls. I remember many, many years ago screwing up royally on some work and trying to blame the other party, but in my heart I knew that I was at fault. In a case like that, all you can do is work like hell to get good at what you do. Over time, the better you are, the more business starts coming your way, and the more you are able to command in the market. If you can get better faster, more power to you. If you're behind, why not work at getting better? Over time you might be able to increase a client's enthusiasm, and the chance that it will be around tomorrow.
Labels: clients, marketing, relationships, strategy



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