Majority of the business owners of small companies think that he is the sole identity in the business. In a way, it is true. If the business owner wasnít there, the business would not be there. This mainly holds true for small scale businesses. However, it can also apply to large scale businesses where a number of people are included.
In the process of building up your business, increasing sales and marketing of your company, the most powerful tool is your database. The main concern about database is not whether you prepare it in the form a simple excel spreadsheet or on a complex database software. The important part is that you should have a database containing all the contact details and history of purchase of your current clients, customers of the past and prospective customers.
The fastest way of making any business grow and flourish is keeping a track of existing clients and regular follow-up. You can be sure of the fact that those customers are happy with your products and they will continue to buy from you. They will be very co-operative whenever you inform them about your new offers. They trust you and there are chances that whenever they require your product, they will approach you.
According to a survey, around 80% of customers approach another company rather than the company they previously approached just because they felt neglected. They are obviously not discontented with your product. Hence, it is pretty simple to win their trust back in you just by an attractive promotional scheme. As soon as they start approaching you once again, give them the necessary attention and build a long-lasting bond with them.
You should have an exclusive list of prospective clients which havenít yet become your customers. If you are sure that they are interested in your products, you can market your products to them and wait for them to be your customer.
You must have realized that it is extremely important to have a perfectly sorted database to ensure that you are marketing to the right people. Your sales depend on how well your marketing works and how effectively can it convince the customers to approach you.
If your company lacks a database or has poorly segmented database, it is high time you modify your database system and convert it into a properly sorted one.
More information at: http://www.made-from-india.com/article/Database-Marketing-as-the-fastest-way-to-enhance-your-business-1142.html
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