Why You have got to maintain a Steady Stream of New Customers

WakingThoughts:

This morning (on the day this was written), I wrote, "You are not a serious business if you do not have a system in place to respond to enquiries and close sales."

As a business, you've got to maintain a steady pipeline of new customers for the following reasons:

1. In a competitive market, every new customer is market share stolen from your competitor.

2. A steady stream of new customers creates cash flow.

3. New customers provide a buffer from lost sales, when old customers leave.

4. A satisfied new customer leads to recurrent sales, which reduces your cost of marketing.

5. A constant stream of new customers guarantees your generational relevance and pushes you to innovate, as your business matures.

Never respond to new sales enquiries in a distracted, lackadaisical manner. They should command your best attention, as you seek to turn those prospects into paying customers.

By: Subomi Plumptre

Comments

Popular Posts

Relationship Series (Introduction)

Let's talk about Olajumoke Adenowo

Success Story: How I went from a CGPA of 2.29 to 4.00 within a Semester

Quotes for this Week

If You Believe in Yourself, You will give Yourself the Best!

Eye health: Keeping healthy Eyes (Part 2)

The Word of God is not judged by Speed but by State

Trust Equity

How I got out of paid employment in 11 months