The single most important part of any service-based business is client relations. Don’t believe me? Gartner predicts Customer Relationship Management (CRM) increasing to a 36.5 billion dollar worldwide market by 2017.
My career started in a customer service department, and I have applied the skills I learned there to every other position in my career. It was in that job I learned that client relations is much more than “the customer is always right,” and it often requires quality communication with a generous dose of finesse.
In the years since, I have seen more business relationships crash and burn because of poor communication than anything else. One relationship was ruined by an unexpected $500 over-service charge. Rather than having the presidents of the companies speak on the phone to sort out the miscommunication, emails went back and forth between account managers for weeks until there was a bad taste in the mouths of all parties involved. Eventually business decisions were made based on emotions instead of rational thinking, and the two companies parted ways on terrible terms.
There is something to be said for letting account managers manage their accounts and handle their clients. But there comes a point when emails are not appropriate, phone calls aren’t enough, and the decision makers need to get involved. When an agency president won’t drive two hours to meet face-to-face with an unhappy client, it’s bad business.
Among the many driving forces behind lacking communication, money stands out. Secrecy, misinformation and overcharging have contributed to the majority of instances where companies allowed bad communication to sink business relationships. Is gaining $500 now worth the potential of earning $5,000 later? I would argue no.
In B2B and B2C marketing there is an expectation of legitimacy that is difficult to rebuild once it’s been proven false. My goal is to operate on the foundation that my clients value my work and are willing to compensate me appropriately. I also allot my clients’ budgets as if they were my own. It’s no secret that there are elaborate parts of marketing that aren’t as functional as they are flashy. With limited budgets, I council my clients on the must-haves and make sure to allocate my time to the action items that will have the biggest ROI. Increasing a client’s revenue is the fastest way to increase my own budget.