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Author Soranno Valerie - Discount Store NewsTitle Customer profiles are key to loyalty February 8 1999The author makes a very good point in that understanding the drivers behind customer loyalty can be an important step in increasing earnings and profits I agree in the fact that you need to sell products that your customers value and need in order to be successful Although that concept seems simplistic companies still try to market products that it thinks the customer valuesDetermining what the customer wants is critical in the business world because if you have a product that nobody wants then youre out of business So determining what the customer wants becomes very important to you and it is necessary in making business decisions The process of keeping the organization competitive in the market and determining what the market wants and needs can be done by using customer profilesCustomer profiles give you the ability to understand the consumer and allows you to better fill the wants and needs more fully By identifying what your customers want and need you can market your product to target those areas As the market becomes more and more competitive the companies that have a clear understanding of their customers will become market leaders As customers become more familiar with your business you need to focus on other areas that can create loyalty Providing helpful and friendly service will increase customer satisfaction as will increasing the ability of the customer to find what they want quickly An area where companies can go wrong is when they dont look for what the customer wants but focuses on what the company thinks is best Instead of concentrating on attracting and retaining customers companies often end up alienating the customer If companies would take an empathic approach and try to get close the customer and understand their needs they could sell them anything By pressuring the customer to buy its products or trying to make
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