When we narrow down the current COVID-19 economic situation, we’re all in the same boat. No matter who we are or what we do, getting back to doing business hinges on having customers. Whether we like it or not, there is no guarantee they will be there. Although it may be disconcerting, here is why: • Some […]
Get Instant Access to This Article
Become a Central New York Business Journal subscriber and get immediate access to all of our subscriber-only content and much more.
- Critical Central New York business news and analysis updated daily.
- Immediate access to all subscriber-only content on our website.
- Get a year's worth of the Print Edition of The Central New York Business Journal.
- Special Feature Publications such as the Book of Lists and Revitalize Greater Binghamton, Mohawk Valley, and Syracuse Magazines
Click here to purchase a paywall bypass link for this article.
When we narrow down the current COVID-19 economic situation, we’re all in the same boat. No matter who we are or what we do, getting back to doing business hinges on having customers. Whether we like it or not, there is no guarantee they will be there. Although it may be disconcerting, here is why:
• Some customers will decide they don’t need us. Their situation will have changed and they have moved on.
• Others will have found new solutions. Competition will be fierce with appealing options popping up everywhere.
• Core customers than we dare imagine will have simply disappeared, whether individuals or companies. For one reason or another, they aren’t around anymore.
• Many clients will be far less accepting and far more demanding than they were in the past. They have had time to rethink what’s important to them and have established new priorities.
• Others are so stressed and preoccupied with their situation, they’re unable to make decisions, let alone move forward. They cannot shake it off.
This may not be where we would like customers to be, but it’s where they are now. As frightening as it may appear, we cannot expect them to dust themselves off and pick up where they left off. Just saying these words sounds pessimistic. This isn’t the way we see ourselves. We’re optimists down to our DNA. We face danger squarely and we welcome challenges. To even suggest that a virus, of all things, could possibly disrupt our lives goes against the grain. It’s more than a mere slap in the face; it’s the ultimate humiliation.
So, what are we to do? How will we deal with the cards we’re left holding? Hope for the best? Keep our fingers crossed? Turn on the optimism and bring back a pop tune from the 1940s:
You’ve got to accentuate the positive
Eliminate the negative
Latch on to the affirmative
Don’t mess with Mister In Between
That’s us — or is it? The words seem weak and out of place today. Here is the point: rather than trying to pick up where we left off or hoping for the best, we will be better served by recognizing that we have all been through a lot and a lot has changed.
Here is a checklist for reaffirming relationships with existing customers and building new ones with prospects. This is anything but easy. But it can happen.
1. Customers perceive us as being authentic. Citing Growth from Knowledge’s (GfK) Coronavirus Consumer Pulse findings, Marketing Insider’s Stacy Bereck says that “85 percent of U.S. consumers feel that the way brands behave during the COVID-19 crisis will affect their desire to do business with those companies in the future.”
2. We let them know we want to understand their situation. Call it empathy or whatever you like. Consumers want to feel they are doing business with those who are interested in them and not just making a sale.
3. We introduce ways for customers to stretch their money. It’s more important than ever. Here is how the Betty Crocker folks are responding to this obvious challenge. “Impossibly easy dinners for $2.50/serving. Dinner doesn’t have to be spendy to be delicious. These fuss-free recipes are big on flavor and easy on your wallet.” Right upfront they make it clear why their recipes are a good fit. They use the right keywords: easy, inexpensive, and delicious. A winning combination.
4. We help them avoid making purchasing mistakes. I can hear someone say, “That’s not a salesperson’s job. I’m there to make a sale.” That was then. Now, it’s the smart salesperson who takes time so customers can arrive at an informed buying decision who will get the business — and be remembered.
5. We focus on helping customers. Explore options with them. Not good, better, and best; not low, medium, and high prices, but options you and your customer develop together such as poor fit, good fit, and best fit. In other words, options that make sense to clients.
6. We try to pull customers rather than pushing them. This will take a lot more listening than talking, a great deal more patience than persuasion, and much more understanding than ever before.
7. We don’t think we can pick up where we left off. Let’s face it, there is not much worse than being unwillingly slowed down, sidelined, and told to stay home. We may be charged up and chomping at the bit to get going. Even so, it’s not like coming back from vacation. All of which is to say we need to give both ourselves and our customers time to adjust to a new and different situation.
8. And, finally, our customers will stay with us if we let them know we’re depending on them. Some will see this as a sign of weakness and take advantage of us. But if we believe in building relationships, it’s a chance worth taking.
In the past months, we have learned there is much that is out of our control. Even so, that’s not the last word. What we do next when it comes to our customers and prospects is up to us.
John Graham of GrahamComm is a marketing and sales strategy consultant and business writer. He is the creator of “Magnet Marketing,” and publishes a free monthly eBulletin, called “No Nonsense Marketing & Sales Ideas.” Contact him at jgraham@grahamcomm.com, (617) 774-9759, or visit: johnrgraham.com.