Article Directory :: Business - General Articles

Referrals: The Key To Running Your Own Business In A Bad Economy

By Steve Scott

Subscribe to Steve Scott's RSS feed using any feed reader!

Republish: EasyPublish
Published: 05Jul2009
Word count: 602
Viewed: 243 time(s)
Bookmark this article using any bookmark manager!
Get Free Content For Your Site

Very often I get asked: "What can I do to improve my business? The economy isn't good. I have lost customers. It's more difficult to find new prospects, customers or clients." While all of this is a harsh reality for many businesses it is not for many others.

How come? There are many reasons. Maybe the business you are running is in a good market niche. Maybe some of your competition has gone out of business thus bringing more business to you. These are notable but they are all circumstantial. In other words, fate has put some businesses in a good position regardless of the economic situation.

When studying small business growth or success the ones that seem to do well or have the ability to survive, regardless of the economic situation, have one thing in common. They all demonstrate "positive deviance."

What is positive deviance? In this case it is those things that the successful business is doing that the competitors are either not doing or do very little of .

The best example I have seen of positive deviance are the small businesses that offer not just good, but exceptional customer service. To have small business growth exceptional customer service is a reality, not just a slogan.

Think about it. Would you rather ride in coach or first class? Most people would rather ride in first class. And, these successful small businesses make customers and clients feel like first class passengers on their airline.

A second attribute of positive deviance is tied to exceptional customer service. These businesses also practice and have a plan for customer retention and more importantly, stay in touch with the customer after the sale. In short they build deeper relationships that go beyond the transactional relationship of actually doing business. These businesses are adding value to the relationship.

Examples of adding value, which are part of a good marketing business plan, would be a regular newsletter, personal notes or a follow up phone call from time to time to monitor the customer's experience with your product or service.

The result of providing exceptional customer service and staying touch with the customers or clients is that by adding value you can start turning them into advocates for your business. They become your sales force.

And, I have seen it work over and over again. Virtually every small business that wants to grow, whether it is in a bad economy or a good one, must demonstrate positive deviance in relationship building. Exceptional customer service and adding value by staying in touch are two of the cornerstones that will bring you success.

Success in this case is that you will be able to run your business by referral. Depending on your business this will enable you to slash or eliminate your outside advertising. The cost savings to running your business by referral are huge. And, when you run your small business by referral, it elevates you and your business. The focus becomes excellence in doing business, not just doing business.

If your business isn't doing well right now, exceptional customer service and relationship building will help and may give you some short term benefit. A more successful performance strategy is to take the long view.

Start implementing things or processes immediately that will allow you to excel. When you keep this focus you will over time build a business that is virtually recession proof. Growing small business is full of ups and downs. But, when you run your business by referral the downs are much shallower and the ups are much higher. Now that's a positive deviance worth pursuing.

Steve Scott is a business design and development coach who collaborates with and supports business owners and professionals who are committed to having more from their businesses and lives. And, who understand that to have it that different isn't necessarily better, but that better is always different. http://www.stevescottcoaching.com

Bookmark this article using any bookmark manager! Subscribe to Steve Scott's RSS feed using any feed reader!

EasyPublish™ this article - publishers click here

More articles by Steve Scott

Free Report!
Ten Essential Secrets Of Article Marketing ... Grab Your Free
Copy
Now:




We respect your privacy.


Need Content?
Regular Top Quality Content for your Blog, Ezine or Website ...
Delivered Direct,
For Free!

Click For Details



Arts & Entertainment
Automotive
Business - General
Computers & Technology
Finance & Investment
Food & Drink
Health & Fitness
Home & Family
Internet Marketing/Online Business
Legal
Pets & Animals
Politics & Government
Reference & Education
Religion & Faith
Self-Improvement/Motivation
Social
Sports & Recreation
Travel & Leisure
Writing & Speaking

More business articles:

  • Stolen Rolex Watches For Sale - Not If We Can Help It (Lucas Agathocleous)
    As with any high end, luxury product, a luxury watch sometimes comes with unwanted attention and vulnerability due to the high value of the product, and the ease at which a stolen one can be sold. Luxury watches have been a particular target for thieves for many years, due to the fact that they are small enough to conceal and a watch is usually worn on the owner's wrist (after all, that's what they're for isn't it?) making them easy pickings.

  • Why Social Media Marketing Is A Great Business Idea (Stavros Georgiadis)
    Why Social Media Marketing Is A Great Business Idea

  • 3 Easy Ways To Double Your Productivity In 30 Days Or Less (Angela Marshall)
    Are You Struggling To Find Time In Your Day?Are You Looking To Increase Your Business, NOW? If So Then You Must Know These 3 Essential Tips To Exploding Your Productivity And Getting Better Results!

  • 5 Tips On How To Run A Successful Business (Michael Griffiths)
    People start and run their own businesses for a variety of reasons. Some of them may be growing tired of working their backs off, and yet find little financial stability for their future. Some want to fulfil their life dreams, and find that a business in an industry they love is that which is most suited for their wants. Others are driven by one thing - to earn more money. But running a business is not simple.

  • 2 Items To Find Out About Marketing Concepts And Also Techniques (Patricia Strasser)
    It could be very beneficial in any business to understand the fundamental concepts and also best practices of marketing.

  • 3 Essential Things To Know About Humidity And Also Data Centers (Patricia Strasser)
    The items you need to know concerning humidity in data centers are the following: the appropriate humidity rating, when humidity is very low, and when humidity is too high.

  • Steps You Can Take Against The A-Board Bans (Timothy Capper)
    If these alternatives to the banned boards are not feasible, place your ads in the line of sight with promotional flags. Set them up using a holder that is bolted to the side of the building, near the entrance to your business. Use vinyl or another material that can be used with dry erase markers or temporary paints

  • How To Write A Resume That Gets Results (Jeff Schuman)
    There are some things you will need to learn quickly about how to write a resume if you are in the process of looking for a job.

  • MLM Research (Mark Shapiro)
    For my article, I list 10 simple checks one may perform, to study MLMs, before you pay them anything. While not perfect, these 10 checks are simple, and might help test when MLMs a MLM might turn out to be scams:

  • Why Should You Outsource To An Offshore Telemarketing Company? (Belinda Summers)
    It is true that the US is still suffering from the lingering effects of their financial crisis. This could perhaps explain why they are interested in working with foreign B2B lead generation firms.

We Automatically Distribute Articles
To Thousands Of Publishers And Web Sites:

Submit Article
All content is viewed and used by you at your own risk and we do not warrant the accuracy or reliability of any of the information. The views expressed are those of the individual contributing authors and not necessarily those of this web site, or its owner, Takanomi Limited.
 
Copyright © 2012 Takanomi Ltd. Company no. 5629683. All rights reserved. | Privacy | Legal | Contact Information