Category: Business Resources

Growing your business is important. Establishing a brand identity, promoting yourself and growing your customer base is imperative for growth. But, do you know what is even more critical to growing your business? Making sure your loyal customers remain satisfied and are treated with the best services and experiences possible. You simply must nurture your current network to experience growth.

Think about the last book you read or new restaurant you took your family or clients to. Did you make those purchase decisions based on an advertisement in a newspaper or did you make those decisions based on the recommendation of a person that you know and trust? Chances are you based your decisions from a friend’s recommendation because word-of-mouth messaging is so strong.

Studies show that the probability of selling to an existing customer ranges between 60 to 70%, where the chance of selling to a new customer is only 5 to 20%. Furthermore, it costs more than six times more to acquire new customers than it does to keep current, happy customers. So, keep your current customers pleased, and they will likely start singing your praises to others in their circles, who might also become your customers.

Steven Shapiro, an innovation consultant and speaker writes, “I’ve found that sometimes simply calling or writing a past client to say hello is enough. In doing so, when a new need arises, they think of me first. I often introduce clients to one another so that they learn about innovation from a peer, not just me. Sometimes I’ll send a small, personal gift. Or if I find a relevant article, I mail it. The key is not to sell to these customers, but to provide value. You want them to view you as an ally, not a vendor. And this repeated, friendly contact keeps you front and center in their minds. Should they (or a colleague) require someone with your skills, they will think of you first.”

Providing value is just one way of nurturing your network. When you provide value, your customers will remember that. Providing them a quality product that helps them reach their production goals is another way to provide value, as is delivering products, staying open later one or more nights a week and reminding customers when it is time to order certain products for specific production cycles.

A happy customer is the best marketing tool you can have to grow your business. Perhaps you could offer a customer loyalty program, where a loyal customer receives a gift or percentage off for referring a set amount of business or so many new customers. A satisfied customer will sing your praises to their friends and neighbors. However, they will likely share their discontent even louder, so make sure to keep your customers happy. Nurture your network and watch your business grow.

It’s easy to get caught up in the everyday life of selling products to help your customers achieve their goals. But do you know what can make your marketing efforts more effective and simplified? Testimonials from loyal customers or respected industry individuals will go a long way in selling your goods and services. Testimonials are unbiased, often unprompted and come from peers in the industry that have often faced that same challenges as your prospective customers. Yes, you can relay all the benefits of a product, but those benefits become more meaningful when your prospect hears that the Rocking S Ranch improved its conception rates to 97%, especially in a year of drought.

There are several ways to incorporate testimonials into your marketing strategy. You can use testimonials in your advertising campaign. Post them to your website, even having a dedicated space for testimonials like BioZyme® Inc. does. You can feature testimonials on your social media each week using the hastag, #TestimonialTusesday. Or, often satisfied customers are glad to talk to others on behalf of your company and your brand at events like trade shows or producer meetings.

When compiling a testimonial, there are a few things to keep in mind to keep it genuine and effective. Remember, the purpose of testimonials is to create reliability and to convert prospects into new customers. Follow this 5-step approach to build up your testimonial strategy.

1. Be Selective. 

The key to testimonials is that they include specific product benefits that help prospects decide if they want to try your products or not. Therefore, your testimonials need to include specific information, not just “I like VitaFerm® Concept•Aid® and my cows do too.” Provide a testimonial that tells the benefits of the product: “We have been feeding VitaFerm® products for several years. VitaFerm Concept•Aid® plays an important role in the performance of our breeding cows and heifers, as well as our bulls. We see increased conception rates of our embryo pregnancies by 23%, and on our bulls, we see an improvement in semen quality.”

2. Add a Face.

Remember to include a photo to each testimonial to give it a persona. We might not always remember Tim Smith’s name, but when we see the man in his signature pearl snap shirt and beat up hat, we remember him as the guy who gets top dollar at the sale barn each year. Adding a face to your testimonial makes it more real and significantly increases the trust factor. Research has shown, that on web-based testimonials, adding a picture increases your click-through rate significantly.

3. Use them Everywhere.

Once you’ve got a testimonial, use it. You can add it to your print advertising, post it to your website, use it on social, make posters to hang at businesses around town, and even use it in mailers and texts.

4. Remember your Audience.

Be sure to capture testimonials for each potential customer you are trying to reach. You are trying to grow your market share in the cow-calf sector, be sure to get some testimonials from cattle producers. Perhaps, there are several horse farms in the area. Talk to an equine enthusiast who uses the product to get a testimonial from them. It doesn’t do any good to have one testimonial for one product line when you are selling multiple lines.

5. Never Be Fake.

The most important thing to remember is that testimonials are designed to establish trust and credibility. The most important rule in sharing testimonials is to use real testimonials from real customers. It’s not worth the risk to fake anything in your marketing plan, especially testimonials.

Testimonials are a great way of using established relationships and growing your customer base. Follow these simple steps to create your own testimonials and convert prospects to new customers.

Any time you get a group of like-minded people in a room to talk about solving their challenges, you will likely have a successful producer meeting. However, you can use the relationships you have already established to create an even more fruitful meeting. There are a few ways that using existing relationships when planning your next producer meeting can help build your business. Let’s explore.

• Cooperate with another agricultural company.

Have you considered co-hosting your next producer meeting with another complementary agricultural company? Sure, the companies might have some overlap in customers, but you each will likely have some unique customers who could benefit from the other company’s products and services. Perhaps you could partner with an animal health company. And, for those young producers who are interested in show livestock, you might feature the Sure Champ® and Vita Charge® products during a youth workshop co-hosted by one of the show supply companies.

Area Sales Manager Ty McGuire said he likes to work with animal health companies who have the same goals for their customers as he does when planning a producer meeting. He adds that another benefit to cooperating with hosting these meetings is the cost savings since both companies will be sharing in the meal costs.

Building on these already established relationships gives you a leg up. It shows your potential customers that you are easy to get along with. It also provides an unspoken endorsement on the products and services you provide.

• Encourage your customers to bring a guest.

Your customers are already likely attending, but you could offer an incentive for bringing a guest who has the potential to become a new customer. McGuire said he will go through his contacts the week before a meeting and text everyone within a 30-mile radius with a reminder about the meeting and encourage them to bring a guest. He likes to raffle off a product at the end of the meeting, which serves a dual purpose. First, it gets the attendees excited and engaged; next, it provides McGuire and the host dealer new names with contact information to follow up with.

“I like to raffle something off. It gives everyone an incentive to bring a guest. A 50-pound stress tub is the perfect raffle item. It’s something everybody can use,” he said.

• Engage with the audience.

McGuire said he has a pretty good handle on the crowd before the meeting starts because he has either built a relationship with the customers through the dealers or met the customers during the meal. Once he starts his presentation, which he always begins by talking about Amaferm®, he will use the attendees’ names and engage with them during the presentation. He said calling them out by name and talking about their specific operation – cow/calf, club lamb, etc. – helps build trust and respect between those in attendance and himself.

• Call upon your allies.

Word-of-mouth and testimonials go a long way in building trust and securing new customers. McGuire said he likes to have a veterinarian who either uses the products or is familiar with the products at each meeting and will extend a personal invitation to ensure his or her attendance. Veterinarians are trusted resources who will speak up about a product’s benefits and substantiate how the products work. It is also a good idea to have a well-respected producer who has had good results give a testimonial if they are attending. McGuire said he’s found he can build trust with prospects because of his own experiences in his own cattle operation.

Producer meetings are an efficient way to show appreciation to current customers and establish relationships with potential customers. Building on current relationships at these meetings makes them even more effective and gives the dealer a leg up in building their business. Like any other enterprise, use your resources, count on your relationships and use those relationships to grow your customer base.