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The importance of your business reputation

by Eric Menzies

Your business's reputation is the greatest factor determining the long term success of the entirety of your company's efforts. Your reputation is recreated each day with everyone your business interacts with. However, you have not one business reputation, but many reputations that are given birth in the minds of people who interact with you in the execution of your business movements. Equally important to understand that you have a reputation with people who have never done business with you but have heard about you from others.

Joan Jett wrote a song from days past that is called 'Bad Reputation.' Joan was a popular musician of her day, but she also had good marketing sense. She made herself as the bad girl of the rock world, and the song 'Bad Reputation' proved a hit. In the ever edgy scene of alternative rock, a woman happy with her bad reputation was in demand. She probably bent the truth a little when she sang 'I don't give a damn about my bad reputation' as she in fact cared much about her bad reputation, it was her marketing strength! She used that image to gain immortality.

Unluckily for the majority of us, a unacceptable reputation is not a viable marketing goal to grow our business. The few contradictions to this rule other than musicians might be trial lawyers, repo men, or bail bondsmen who are known and valued for their aggressiveness and sometimes abrasive personalities. For the rest of the world it just doesn't work.

You need to be very aware that all of your actions, and everything your workers do, in the name of your business contributes to your reputation. No Mulligans exist in business. You can strive to make things right that might have put your business reputation in a bad light. Really, remedying problems appropriately can help your reputation. However, you can never undo the memories of the events that caused someone to think badly of your business.

Each time you interact with people in your business has one of three outcomes with your reputation at the core. Of these outcomes, there are two that are not pleasant, the other one is excellent!

The first is an experience you have with a client, or potential client, where you don't fail horribly, but you also don't distinguish yourself from the next company. You may not think this is the worst outcome, but it isn't far from it. At best, you will be considered standard in the mind of a customer. The customer will probably forget you, but if they do remember they'll consider you as someone who was average last time.

Result number two takes place when you, or your employee, has erred massively enough to insure the customer is enraged at you. It can get no worse for your business. In addition to estranging a customer, you have make sure you have lost those who learn of your business through that client. The negative potential is gigantic. If you as a business owner know allowed this to occur, then you deserve the evil to come. However, often the business owner knows nothing of what has happened if the problem was the employee's mistake, or out of their own interactions with the customer. You can't assume that dissatisfied clients will take the time to let you know what happened. Many times they just never come back and there is no way to make it right. If you do become aware of the problem, but neglect to fix it, then again you deserve the unfortunate reputation it makes. However, if you take the initiative to go correct the situation, you will have used found an opportunity in business - to demonstrate to a customer that you want their loyalty and will go the extra mile to demonstrate concern.

The third ending is what everyone who owns a business should strive for in every interaction with others. You aim to make the customers, and potential customers, believe that in addition to furnishing high-quality services or materials, you have a devotion to how those products or services provide for a customer's desires. It is about establishing a trusting relationship with your patrons so that they know you are competent, fair, and focused on meeting their needs. When successful in this goal you have grown a loyal customer who's value surpasses any purchase they make.

Aiding you in learning the secrets of creating such loyal customers is our services' focus. Hopefully if you have an interest developing your business based upon our tactics you will think about employing our services.

BizRave Inc. provides marketing consulting and internet marketing services for small businesses. Please visit BizRave.com for more information and articles on customer relationship based marketing.

Published May 31st, 2007

Filed in Business, Home Business, Marketing

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