One of the key factors in customers remaining loyal is their level of emotional attachment. (Refer to customer loyalty ). Consider those customers that have become old friends, or even members of the family: the higher their emotional attachment to you and your business, the stronger - and more robust - is their loyalty.
The emotional attachment achieved through the strength of your customer relationships is built in many different ways. We have outlined a few examples here:
A good starting point to effectively managing relationships
is to identify those areas that increase the strength of relationships in your
case. Next, it's important to focus on the most valuable customers/groups to
your organisation, and then think about how to accelerate the development of
emotional attachment.
It has proved to be extremely helpful to apply measures
to this area, which is why Imonic have developed "account strength"
indices to enable a consistent approach to be used across separate divisions
and even global regions serving the same or different customers. (Refer also
to key account planning section).
The strategy implemented to accelerate the development of customer relationships,
depends very much on your unique situation. However, one key aspect is to understand
how effective your customers' internal communication systems are. Consider the
propensity for bad news to filter to the decision makers within your different
key customer organisations, where bad news travels at speed and with ease through
various offices, divisions etc. the harder robust emotional attachment is to
achieve. Choosing where you spend effort and time building relationships is
critical in these instances.