Weak Customer loyalty and low profit margins are a serious
problem for many yacht service companies.
Every business has a “Secret Sauce” that affects their Customers,
whether it is intentional or not. Often
the actual “Secret Sauce”, as Customer’s perceive company performance, drives
Customers to try other service providers or encourages them to bargain for lower prices.
When speaking with yacht service company
owners, I define business “Secret Sauce” as the unique blend of their
skillset, vision, goals, and personality as expressed by their company’s
capability to deliver products and services that can transform Customers into more
loyal and more profitable Customers.
Discovering and deploying “Secret
Sauce” to transform Customers is a deliberate
process, the goal of which is identifying the best Customer segments in which
to gain the Customer / Trust and Confidence.
Customer Trust / Confidence is gained by consistently demonstrating Competence
and making decisions in the Customer’s Best Interests, as perceived by the
Customer.
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