These days businesses must work harder than ever to earn customer loyalty. Ubiquitous online commerce has enabled consumers to access the world’s products and services一whatever the quality, price, or location. Basically, switching between brands costs nothing.
If today’s brands are to be successful in this environment they must engage in meaningful ways with their customers. Through the marketing, sales, and post-purchase cycles, businesses must continuously add value to the customer experience.
Should I Focus on New Business or Retaining Existing Clients?
That’s not a question for most sales-focused organizations–and not for the reasons you might think. Sure, we all know that it can cost up to five times more to acquire new business than to retain it. But no business ever went to market promising to acquire a couple of lifelong customers and then shut up shop.
The truth is that you have to do both–often at the same time. If you’ve ever been in a sales role, particularly at a smaller organization, you’ll know all about the pain of trying to balance your communication and outreach to existing clients while simultaneously following up on inbound leads (and probably trying to figure out some low-effort, high-touch outbound outreach into the bargain).
The good news is that SMS can help you to streamline your processes, have more effective conversations, and close more business. You already know that your current and future customers are using it: according to Pew research, some 83% of US adults owns a cellphone, with 73% of those using it to send and receive text messages.