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How to build customer loyalty (and why it is important)

How can this benefit my business, and why is it important?

Digging deeper into building customer loyalty may be your next move into creating a bigger client base and successful business. Having loyal customers could leverage your business in your industry and market, but it may also impress potential clients to show interest in your products and services. Whether you are just starting a new business or are unsure of how to engage with customers, investing in them might be the next step you take to become a successful business in the market.

Repeat customers become brand advocates as they are most likely making a purchase from you by the amount of trust they have in your business. As they are in a relationship with your company, it may be necessary to consider giving them special treatment to make them feel appreciated for their loyalty and keeping them as close as you can to the business.

This article explains how your business can gain customer loyalty with your consumers and strategically keep them coming as you continue to grow.

1. Keeping Customers Updated Through Multiple Channels

Your loyal customers are like family members, so staying in touch and informing them of updates to your business, promotions, and offers might be just what they are looking for. They may be seeking this information from your company, so consider announcing it through your email marketing, blog posts, social media platforms or website so that it may be easily attainable for current and potential customers.

Posting any new updates to your business consistently may remind customers about your values and intentions, whether they may be new products, extra promotions, or even new information on a particular topic that might be impacting your industry.

One of the client loyalty strategies you could implement in your plan might be to establish a regular schedule to send out these updates so that they may know when to expect new information from your business. Additionally, posting engaging content on your social media may attract them to check your accounts for the latest info regularly. You may want to implement a mix of different types of content that they might find intriguing to keep them wanting more.

2. Taking Advantage of Customer Feedback

Reading feedback from previous customers could allow you to review and realign your business goals and how you may approach new strategies. Collecting these responses based on products, your website or even through review sites could benefit you in learning new suggestions they would want to see in the future and how you could act on that quickly.

Considering feedback and taking advantage of their opinions by making actions and changes may let your customers know that their voices are being listened to. This could demonstrate that your business cares by investing in its customer’s feedback. Building customer relationships by acknowledging them and responding to their reviews directly may inform them that your business has considered their ideas or needs.

3. Run a Loyalty Program

From exclusive promotions, updates, and rewards, you could build customer relationships through participation and the special treatment that your clients may want. Incentivising loyal customers with effective programs could enhance the value of your offers and motivate them to make their next purchase.

Some of these may include discounts, customer-only promotions, special events, early access, and a point system that could intrigue their interests when considering your business as opposed to others in the market. You may promote your loyalty program strategically by enticing new customers to receive email subscriptions by signing up. Additionally, this may also intrigue them if your email marketing is sent out on a regular schedule so that they can receive messages and updates about your company on a consistent basis.

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4. Connect with Customers

Do you remember when one of your favourite businesses made you laugh from a post? That may be because they were up to date with trends or knew what their audiences had an interest in. Engaging with your customers with topics or trends they may find relevant through your content may be a method your business might want to consider in your next marketing rollout.

If you have extra time on your hands, researching what your customers have an interest in may attract them (or new ones too!) to stay updated with your business, knowing that your content can be relevant or relatable to them. Another idea would be to keep up to date with the trends, replicate them in your content and relate them to your business might entertain your customers. This could be done through content creation on your social media pages through memes, images, or even video trends with trending audio clips. You may even want to research the current shows people are watching or the songs they are listening to right now. Social media and news outlets could be the first location you may look into this to see what may be currently trending.

5. Provide Excellent Customer Service

Similar to customer reviews, providing top-notch customer service may make them feel like they are being treated special by knowing that your business is listening to their opinions and feedback. Treat your customers in a way you would want them to your business in return.

There may be high expectations for customer service, as it is a way for customers to directly communicate with your business in hopes that they receive a response. Resolving issues in a timely matter through customer service may go above and beyond for your customers and make them stay loyal to your company. Treating people with care will go further than you can imagine and possibly have them return to your business, knowing that they can rely on and trust your customer service.

Winning the loyalty of your customers shouldn’t be a challenging venture, and neither should getting protection for your business. Whether you run a business in New South Wales, Brisbane, Victoria or anywhere else in Australia, business insurance can safeguard your business from running into unexpected or negative scenarios that may impact your operations. Purchasing insurance can ensure that your employees and business are covered from particular risks or expensive lawsuits that could potentially lead to the closure of your business. At BizCover, we can help you choose the correct one for your business by comparing multiple quotes online in just minutes. Our main goal is to help small businesses, so get in touch with us today,  and we can guide you in the right direction to getting your business protected.

*This information is general only and does not take into account your objectives, financial situation or needs. It should not be relied upon as advice. As with any insurance, cover will be subject to the terms, conditions and exclusions contained in the policy wording. © 2022 BizCover Pty Limited, all rights reserved. ABN 68 127 707 975; AFSL 501769.

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