If your business is based on sales, every day is critical. Whether
you’re in real estate, finance, or you own a restaurant or hair salon, the customers
and potential client information that you receive today, could very well be in
the hands of your competition tomorrow.
That is why I can’t stress enough the importance of collecting
customer data, in order to stay present in the mind of those customers to get and stay leaps ahead of your competitors.
The thought process of the average customer is to shop
around for a product or service, gathering ‘intel’ on what’s available, so they’ve
usually put the word on the street that they are on the market for a particular
product or service.
If you’re in a field like real estate or finance, and someone
within your professional circle gives you a qualified lead, it is very likely
that this customer has made friends and acquaintances aware of their interests
in a particular product or service, which happens to be yours. Odds are that
their name and phone number is being passed around in more than one
professional circle.
The timing with which you make contact with this prospective
client is so important that the moment you receive their information, it’s to your absolute advantage
to make contact as soon as possible.
By not acting on a lead, and staying top of mind once you
do, you have two things working against you; for starters, you are allowing for
your competition to get in front of you in the mind of your prospective
customer. And secondly, you are giving your potential customer the time and opportunity
to seek out someone else who will provide them with the product or service they
are looking for, a product or service that you
can provide.
I once had a friend who worked in the banking industry. He
belonged to a few networking groups, and when he received the business card of
a prospective new client at one of his weekly meetings, he would go back to his
office, pin the lead onto his calendar and let it sit there for two to four
days.
When he finally got around to calling the customer, he
always received the same response. They would inform him that they were no
longer interested, because they were by that time, working with someone else.
He would then hang up the phone and complain that he had the
worst luck when it came to landing new clients.
In the case of the restaurant owner who doesn’t have a way
to contact those who eat at his restaurant once they leave, the same is true;
he’s giving his competition the opportunity to get in front of his business
with regard to getting and staying present in the mind of those customers.
I think the message here is clear.
By putting off contacting a new contact and prospective
client, you are guaranteed to lose that client. By not collecting customer
data while they’re in your restaurant or hair salon, you’re allowing your competition the
opportunity to push you to the back of that customer’s mind.

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