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Monthly Buzz #15
May 2003

Be Picky When It Comes to Your Customers

That's right. It's your job to make them want you as much as it is to give them what they want. It will be a whole lot easier if you know exactly whom you want. 

If you haven't done so already, be sure to clearly define the type of customers you want to have. Be as precise as you can in identifying them. For example: We serve family and individual outdoor recreational enthusiasts of the greater Boston area. Our customers are likely to be in the middle to top income bracket, will likely shop the Internet and are drawn to the latest and greatest gadgets, equipment and outdoor sports. An example that is too general would be: Our customers are campers. 

Like everything else, success requires communication. Be sure that everyone on your team knows who they are serving and why they were chosen to work for you. Membership as a customer or an employee is a privilege. 

Think about your most desirable customers. How would you describe them? What characteristics do they share? It pays to know this when you consider that the majority of business comes from repeat and loyal customers.

Feature:  Organizing Your Collections Processes

The Tax Bracket:  Home Office Deduction

Business Development Corner:

 

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