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Marketing Principles - Know Your Customers

The old adage of “Timing is Everything” applies to one of the most basic marketing principles.

An effective marketing strategy is all about bringing the right message to the right person at the right time!  That sounds so simple and yet a lack of customer understanding is the reason most marketing programs fail.

So what can you do to improve the results of any marketing program and maximize your investment?

Careful planning should be at the top of the list! 

Before you begin you must be able to answer these three important questions.  If you cannot answer these questions, then you need to do more homework.

Question One:           Who are my customers?

Question Two:           What do they need?

Question Three:         What is the solution that I'm offering to my customers?

Unfortunately the word "solution" has been overused in marketing. By definition, solution is an answer, explanation or resolution.  All of these require a question, problem or need.

So, you can't promote your products or services as solutions if they're not solving any real problems, needs or answering any questions for your customers.

It’s imperative that you understand how your customers perceive the value of your products or services if you want your marketing investment to pay off.

Here are some additional points for you to ponder and questions to answer to help you more clearly “Know Your Customer!”

< Find out who your customers are.  What are their needs?  What are they looking for?

< Profile your customers by their occupation, income and age.  Different groups tend to buy for different reasons.

<  Do you know (not think you know) the reasons your customers buy from you?  Is it your service, your price, convenience, quality, dependability, hours, uniqueness, competence or your availability?

<  Do you know what your USP is?  Your Unique Selling Position.  Can you clearly and easily explain to anyone what makes you better and different than your competition? 

<  Can you step into your customers’ shoes and identify the benefits of your products or services?  Remember to do this from the customer’s point of view!

<  Does your staff understand that customer service is marketing!

<  Do you have a system to keep track of who your customers are and the qualities of service that are most important to them?

<  Are you measuring your results?  When a customer calls and inquires about a product or service, does your staff ask them how they heard about that product or service?  Do you have a way to measure your marketing investment to know whether or not it generated any results?  And if so, what were they?

Remember . . .  if you can’t measure it, you can’t manage it!

MEASURE-X
6227 North 15th Street, Phoenix, AZ 85014
888-644-5499 www.measure-x.com
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