However, as has always been the case the first rule of entrepreneurial success is “Diplomacy”.
Diplomacy simply has to do with discreet negotiations, more like a win over. A diplomat usually handles every situation with care, always taking into consideration the effects of a mistake on his chosen course or objective and because of this he tries to handle every situation with thoughtfulness and sensitiveness. His tactfulness is always seen to the fore.
Now let’s consider a few straight applicable guidelines for attracting loyal and resourceful clients to your small business
1. Honesty
Honesty has always been listed as the best policy of all times, inarguably this is a fact. An African businessman might want to argue that one cannot be truly successful in business while being honest,asserting that cheating is necessary at times or even always as the case may be.
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Agreeably this could be true to some extent but then for some who intend to be truly successful in life, there’s always been that one factor to look out for which distinguishes you from the masses. If you could let honesty or truthfulness be that factor for you,success,as a matter of fact,is much closer to you than you actually thought it was. And the truth is, honesty in business brings you true wealth and lasting happiness.
2. Be a realist
Realistic expectations from clients help you deal with and attend to them better, thereby keeping misunderstandings at the minimum and paving way for more positive referrals.
Understanding that a client has the right to be displeased with the quality of a certain product he purchased from you which he believed was going to meet his needs but later turned out to be different would help you give the best apologies you can offer and seek for possible ways to make amends thereby maintaining the relationship strain and loyalty.
3. Award bonuses
Nothing keeps your clients closer to you than bonuses, be it bonus services, bonus products or even discounted purchases. Every little penny is valued here. You could choose to place as little is 5% discount for sales on Christmas, New Year or any other notable days of the year.
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If this becomes a norm, customers and clients would be compelled to save up for this day and you’d be surprised at how much referral patronages you might be having on the said dates.
4. Keep prices hike to the minimum
Sometimes there are price fluctuations in the open market and every dealer seems to be affected by this. It could be a net result of the currency exchange rates, it could be an increase in import duties, it could be a result of recent executive implementations, and it could also be a result of a ban on the importation of certain relevant products or their general unavailability.
Whatever the case may be,the truth is some dealers take advantage and stretch the prices of certain products exclusively. This is a bad idea as it keeps customers away. Keeping your price hikes to the very possible minimum is a good way of retaining customers.
Written by Kingsley Umeh.
Kingsley Umeh is a business avid, online entrepreneur that loves sharing new business ideas for new and existing entrepreneurs on how to start, run and manage their business with less risk. He blogs at http://www.gistdeck.com and follow him on Instagram via @Kingsleyumeh1