Before the Sale: Craig Arthur on Profitable Relationships – Part 1
Relational buyers are more profitable and make a long-term commitment.
Relational buyers are more profitable and make a long-term commitment.
The customers won with a single flashy pick-up line often don’t stay long.
We miss the vinyl era because music back then was relational, not transactional. So what can we learn?
How to attract word-of-mouth referrals and repeat customers.
Surviving (vs. Thriving) buyers are naturally more “transactional.” Their goal is to find the lowest price overall.
Use too much fertilizer and your business will smell like manure.
The only way you can have a clear message is if you speak the same language as your customers.
The only advertising that gets customers immediately is through discounts. I’ve seen this picture before, and I don’t like the ending.
The answer is to get better at identifying and closing more sales of both Transactional Shoppers and Relational Buyers.
Price is the easiest to match. Competitors will drive you out of business using this strategy when they have more money than you.