As our industry continues to grow, so will the entrance of certified trainers, competence is no longer a point of differentiation, but merely the price of entry. Meaning, our client’s decision to retain us will not be based solely on the efficacy of our offering and the ability to produce results, but the outcome our offering provides - coupled with the experience it’s packaged in.
Case in point is IBM. If you purchased hardware from IBM in the 1960’s and 1970’s, they would provide your company with a full implementation plan, at no cost. In conjunction with the hardware purchase they provided a peerless service plan that encompassed the necessary service’s to maximize customers return on their investment.
This earned them the slogan, “IBM Means Service.” IBM dominated their competitors. However, as customer demand began to exponentially increase and the justice department began intervening in the company’s operations, IBM began to charge explicitly for their service and give away their hardware. They found, that their customers were willing to pay a premium for their services. It wasn’t the hardware or operating systems that customers valued, but the benefits of peace of mind and the increased performance of their business. In short, delivering what customers expect in the first place is no longer enough.
The growth of our industry has resulted in numerous choices afforded to our prospective clients; leading to greater expectations and demands.
We are up against two emerging forces in this industry. They are, the growth of information and competition. In order to position yourself as the preeminent option available to your prospects, you must have a systematic approach to the individualization and implementation each component of your programming strategy. In addition, the cultivation and preservation of professional relationships are indispensable to your success.
Retention is important because:
Therefore, an investment in your clients can yield a substantial return. In part one of this series we will explore the interpersonal dynamics related to building relationships that lead to greater retention. In part two we will examine specific practices that will cultivate reciprocity and assist you in establishing a point of differentiation in the mind of your clients. Each of the following components will increase your ability to retain your best clients long-term.
University of California researcher Paul Ekman, demonstrated that certain postures and facial expressions have a profound impact on emotional state. Using an Electroencephalogram (EEG) subjects showed more activity in the left hemisphere, the part of the brain associated with feelings of happiness, when they produced a sincere smile. When they ceased to perform the pattern of movement consistent with a sincere smile, the activity in the left hemisphere diminished. Doctor William James of Harvard, stated in his book The Principles of Psychology (1890), that emotions are the result of our physiology or body language.
“…We feel sorry because we cry, anger because we strike, afraid because we tremble, and not that we cry, strike or tremble, because we feel sorry, angry or fearful…”
Researchers Cacioppo, et al (1992) & Rome, et al (1990), have recently reported similar conclusions. In addition, Hatfield, Cacioppo & Rapson (1992) propose that not only does our body language and facial expression control out emotional state, but is contagious to others as well. People have the
tendency to unconsciously mirror our body language. Therefore, be aware of how you show up to your sessions? If you are in a negative emotional state, your body language will reflect that; and that means you may adversely affect the state of those around you. We desire to be around people who make us feel good. If your client experiences a negative state change most of the time they are with you, obviously this can hurt retention. Conversely, if every interaction with you promotes positive feelings and associations, their view of you as an invaluable component of their life their life increases. The maintenance of any relationship depends largely upon the feelings that two or more people associate to each other. Therefore:
Take nothing for granted, determine:
Finally, emotional engagement results from challenging our clients beyond their current scope of possibility. What separates leaders from laggards and excellence from mediocrity is vision; the ability to see our clients beyond who they are, but rather, as who they could be. The greatest contribution you can make in your clients life, is to help them in creating that vision for themselves as well. Continually challenge and encourage them. Help them set and achieve goals slightly beyond their current self-expectations. That gives them a glimpse of the possibilities within them, which in turn alters their self-concept. By altering ones self-concept you can far exceed incremental progression to their goal, you can create a substantial shift in your client’s self-concept.
Our clients are inundated with solicitation of innumerable products and services on a daily basis. Therefore, the only thing that they will notice as a point of differentiation is something that goes far beyond a typical point of contact. Essentially, uncompromising customer service is what we are willing to do beyond what’s required. Performing a session with professionalism, excitement and delivering superior program design and coaching, ultimately resulting in the achievement of their goals is not extraordinary. It’s simply the minimum measure to be retained. The word uncompromising means that you’re adamant, rigid and unwavering in your commitment to do whatever it takes to ensure an optimal experience and maximum results for your clients; so long as it doesn’t undermine your business.
This doesn’t mean offering things like a free session for every ten that they purchase. If you gave away one session per every 10 package sold, you would lose the cost of the session, in addition to the time slot you could have booked someone else. Don’t forget the hour you could have been prospecting to build your business. That’s at the least twice your hourly compensation, for an experience that’s no different in your clients mind than the past 10 sessions!In addition, it will eventually become expected by your clients, not appreciated. If the value of your services is worth what you are charging, a free session is not an added value.
Industry consultant Tom Plummer says, “Never discount, always enhance!” Instead, do something special that they will remember. Patricia B. Seybold in her book “The Customer Revolution” suggests that we consistently exploit opportunities to do things for our customers (clients) that make them feel important and appreciated. Some effective ideas include periodically rewarding purchases, re-signs and incremental achievements with things like:
Look out for Part 2 –in our August newsletter Don’t receive our newsletter? Simply become a member of PTA by filling out the form on the website.