Here’s an interesting point: It seems that many businesses value a bird in the bush much more than they value any two customers in the hand.
What does that mean? Well, businesses work very hard to earn a customer. They perform expensive research, evaluate demographic data, and they analyze same in detail. Then, they spend a lot of money on advertising. All this, just to earn new customers.
But what about the customers they already have?
Back in the day, it occurred to me that if I never lost a customer, if I kept the ones I had happy and satisfied with the service I supplied, well, I would never have to work hard to replace them. This meant, to me, that recurring revenue was the best revenue.
Don’t get me wrong, I was constantly working to earn new customers, but I made time every day to make sure that my existing customers were satisfied, happy, that they felt valued. I lost a few customers, but very few, and I never had a problem making my sales quota.
These days, I’m a customer much more often than I am a supplier, and I see it all the time: vendors, suppliers, businesses, take their existing customers for granted. They treat us as though we owe it to them to give them our trade. Yet, they’re out there advertising like crazy.
For a few years, my wife and I used to go to Santa Fe for Christmas. We stayed at one of the finer spa / resort places up there. Let me tell you, it wasn’t cheap, but service was psitively abysmal. I’d go down for coffee in the morning, and they wanted to charge me five bucks for a couple of cups from the bun-o-matic. Then, we’d go down for breakfast, and they wanted reservations. “I’m staying in the hotel!” I said. “No one told me that we’d need reservations for breakfast.” “I’m sorry, sir. No tables are available. I can put you down for lunch.”
The last time we went, there was a ruckus in the next room. A 100 screaming Irishmen constitutes a ceilidh (kaylee), I’m told. If that is so, in the next room, they were having one. I called down to the front desk and complained. After all, it was near midnight, Christmas eve. The guy at the front desk told me that if I kept complaining, they would throw me out of the hotel. Needless to say, I got my shoes and socks on (not in that order) and went down to have a chat with the manager, in person. The short of it was: They were to have given me a credit for that night’s stay, as well as a free night the next time I came, but, again, needless to say, there never was a next time.
Since, I’ve gotten all kinds of flyers in the mail from this prestigious establishment in Santa Fe. They could’ve saved the postage, and my patronage by maintaining reasonable service.
It’s too bad really, I loved the bar in that place.
Now, The other day I called the place that cleans our windows. It had been a couple of years since I had them done, but the guy I talked with found my records right away. He said, “Repeat business is the best business.”
I agree with that guy. How about you?



