Client relationships are the key to long-term success in any business, and they take time to build.
Developing and maintaining client relationships requires constant attention to stay on top of potential opportunities and ensure that you provide excellent service at all times.
Most of your sales will come from repeat customers and referrals, so it’s essential to ensure you’re doing everything possible to foster these relationships. This article outlines how to develop and maintain client relationships for business success.
Why Is It Important To Build Relationships With Clients?
Customer relation refers to a relationship between a company and its customers. The company may be a retailer, wholesaler, service provider, or manufacturer. Enlightened businesses know how to utilize customer relations management (CRM) effectively.
CRM is a process of managing customer relationships to build customer loyalty. It can be used by businesses of all sizes, from small local shops to large multinational corporations.
CRM aims at maximizing customer satisfaction through improved communication, increased understanding of customers’ needs, and better personalization of products and services.
In addition, building and maintaining client relationships should be a top priority because it offers recurring revenue, high satisfaction levels, and positive referrals.
Best Practices for Client Relationship Management
To make sure that your business thrives, you need to take care of your existing clients and get new ones on board. Here are seven tips that will help you develop and maintain client relationships.
If you want your clients to stay happy with your services, communicate often. Your communication can take many forms, such as:
- Email newsletters
- In-app Messaging
- Personal phone calls
Whatever medium you choose, keep in touch regularly. In addition to keeping your client base informed about what’s going on with their account, regular communication will help them feel like they’re an essential part of your business.
Make sure that each interaction is beneficial for both parties involved. You don’t want to spam your clients with too much information. Instead, send out valuable tips or newsworthy updates that they might find interesting.
The more helpful info you provide, the more likely your client will continue using your services.
Develop a unique knowledge base that helps make you more marketable. Your client should understand your area of expertise and how it can benefit them specifically.
It’s up to you to help them see how your services can solve their problems or give them opportunities they wouldn’t have otherwise had access to.
When you pitch a new project or service to a client, they already know what to expect from you. Your portfolio acts as an excellent resource for people who are unfamiliar with your work.
If a portfolio isn’t available, consider writing an ebook about a particular topic relevant to your business and offering it as a free download on your website.
To develop meaningful relationships with clients, create a sense of accountability. The more active their involvement with your services, the stronger their commitment.
Set expectations early in your relationship to know what you do, how you do it, and when they can expect results. Then make sure you deliver on those promises.
Your business relationship will grow as both parties see positive results from working together. Accountability builds trust, which is essential for any long-term relationship.
Even if something goes wrong or doesn’t work out, it’s an opportunity for growth and learning to strengthen future client relationships.
Personalize Client Relationships
You want to treat each client as an individual. The key to client loyalty is understanding your clients’ needs, business goals, and unique culture.
Try following up after meetings with emails that reinforce some of what was discussed or writing notes of gratitude on how much you value their business. Simple gestures such as birthday cards will also do the trick.
Clients will always appreciate it when you take an interest in them as individuals rather than just another customer or source of income for your business.
Maintain a Positive Attitude
One of the best ways to keep your clients happy is by maintaining a positive attitude. Seeing yourself as optimistic, conscientious, and able to take charge makes you more likely to succeed in business. So make sure you always focus on maintaining a positive outlook, even in challenges.
When you are upbeat with clients, it goes a long way in building rapport and maintaining that valuable relationship. It will show clients how much you believe in yourself, and it will provide them with peace of mind that they’re doing business with someone they can trust.
Use Project Delivery Tools
Any service-based business needs to have a great project management tool in place. To achieve consistent success with clients, you must have a way of keeping everyone informed, on task, and accountable.
Project management tools are fantastic for making data-driven decisions in every part of your services.
Tracking tasks in real-time ensures that no one falls behind or forgets about a specific piece of work. They also provide file sharing, time tracking, invoicing, expense tracking, and reporting. As long as all parties know what they’re responsible for, it will be easier to maintain client relationships.
Pay Attention to Feedback
If you develop a good connection with your clients, they’ll be more than happy to give you helpful feedback on how you could improve your services. Review sites are also great places to read what other people think about specific businesses.
Keep an eye out for client-specific complaints or praise, and use that information to help better tailor your products or services for future customers.
Take advantage of plenty of online forums where business owners can share their experiences and advice. Responding to reviews is a great way to show potential clients that you care about customer experience.
Relationship building takes time, commitment, and consistency. To maintain any relationship, you need to focus on your target client, offer them value, be responsive, and keep an open mind. Establishing relationships with clients is a two-way street that requires both parties to work hard to make it last.
How do you maintain your business relationships? Share with me on social using #businessrelationships. Twitter, Facebook, LinkedIn, or Instagram
About the Author, James Webster
James Webster, founder and Executive Chairman of ROK Financial has almost two decades of experience within the financial services industry. His passion for helping small business owners and his innovative way of thinking, has allowed him to run multiple successful businesses including National Business Capital & Services. Under the National name, the team was able to help secure over $1 Billion in financing for small businesses nationwide.