New Leads or Existing Customers?

New Leads or Existing Customers?

Is it Better to Chase New Business or to Look After Existing Customers?Deciding whether to stick or twist isn’t just a problem for card players. It’s also a common dilemma for small and medium-sized businesses.

On one hand, you need to expand your sales efforts to attract more leads and open up new customer groups. On the other hand, you don’t want to neglect your loyal customer base and end up causing them to go elsewhere next time they need something.

So what should you do? Stick with your client base and focus on repeat purchases, or throw caution to the wind and constantly appeal to new customers? The right strategy is to balance the two.

Perfect Your Sales Funnel to Generate a Stream of Incoming Leads

Every business needs to have a lead generation and conversion strategy. You can’t survive forever by cultivating a few high-value customers and hoping that they will remain loyal.

In a competitive business environment, customers are constantly shopping around. With this in mind, you need to position your business to appear on the radar of potential customers.

This means building an online sales funnel that attracts attention to your products, draws people to your website, entices them to connect with you, and converts that interest into concrete sales. It doesn’t matter how much effort you put into treating your customers well if you don’t have any customers in the first place. Put some effort into attracting leads and it will really pay off.

Make the First Impression a Lasting One

We’ve just covered how crucial new customers are. However, let’s now focus on your existing customers. A stream of new clients is great, but only if they are treated well when they interact with your company.

A business that attracts a lot of attention and then fails to satisfy its customers soon develops a notorious reputation. Treating your customers like cattle is not the route to sustainable revenues, and it never will be.

Instead, when customers connect with your company, they want to be provided with useful information. They want your service to exceed their expectations.

Think about it. As people, we often develop opinions about others based on how friendly they are when we meet them; customers’ initial interactions with your business are no different.

Link Lead Capture to Customer Management

Let’s assume you have collected a large pool of leads and many of them have already made a purchase. What now? Here’s where you need to do to balance long-term Customer Relationship Management (CRM) with an agile sales funnel.

Not unlike newly sprouted seeds, your converted leads have to be nurtured and protected. They require regular updates via e-mails, social media and newsletters, and they want to be listened to when they have a complaint or suggestion. All of these things go a long way towards creating a community of regular purchasers, and many of these tactics can be automated via CRM software.

The truth is, you can’t base sustainable business success on fresh leads or loyal customers alone. Both of them should be priorities for a thriving business, rather than marginal concerns.

The challenge is to find a solution that chases new customers and retains them when they make a purchase, which is exactly where Flowbird can assist. If you are looking for CRM and lead capture expertise, we will provide the advice and solutions you need.

Reasons Why Your Sales People Won’t Use a CRM?

Your guide to overcoming sales staff aversion and increasing CRM adoption rates

Let’s get real: your CRM system was expensive. You invested time and money into researching, purchasing, rolling it out and renewing it. Thus, staff CRM adoption is not an option. It is a mandate. Your CRM is your portal into your company’s operations, and sales data and your sales team agreement are required to meet its full potential. Yet CRM avoidance is a real thing, and crafting a plan to manage reps who shirk your system is something you’ll have to do.

Most CRM systems are not doing enough to help in the sales process. Salespeople avoid it because it doesn’t advance their interests. So what features should you shop for to get engagement from your salespeople?

Please complete the form to download

5 Reasons Why Your Sales People Won't Use a CRM

Unless, of course, you roll out a CRM application your salespeople will want to use.

This free e-series provides valuable insight into the minds and preferences of salespeople and highlights the features your CRM must have to encourage use.

Our free e-series will help you:

  • Understand the difference between a bulky CRM and a workable one
  • Balance management requirements and sales team reporting priorities
  • Recognise the importance of data capture on mobile devices

Find out why your salespeople won’t use a CRM today and start improving adoption today.