Good Residual Income Comes From Repeat Business
The large corporations know and believe in repeat business. It is much easier to get returning customers than trying to get new ones. It is also easy to build upon a repeat customer base and use it to create new custoners. Every business owner will say that this is essential to his success.
Repeat business is basically when a customer returns to a business to buy again. They have already been there once, liked what they got and came back. Chances are they also told some friends or family about their experience, too. Referrals are a big business builder too. People are more likely to shop somewhere if they were referred by a trusted friend or family member than simply through a response to advertising.
When customers come back to purchase more products it shows the business owners they are doing something right and that they have great products. Those who get a lot of return customers are going to be successful because they are building up a customer base of loyal people who believe and trust in their business. When customers become loyal they are usually customers for life.
Customers who keep coming back provide a residual income stream that is secure and guaranteed. There is no other thing more important for providing a steady income than repeat business. An owner who is trying to discover the secret to success can stop when they discover the importance of this concept.
To capitalize on repeat business one must understand how important it is. They have to treat these customers with the same loyal attitude they have. Many businesses have implemented customer cards that provide discounts and benefits to loyal customers. This is one example of a business capitalizing on return customers. They are showing the customers they are appreciated and that they recognize their importance.
Overlooking repeat business and its impact on business is a fatal mistake any business owner can make. Business owners need repeat business to have that residual income stream that will make them successful. Every major corporation makes a large percentage of their profits from repeat business, which just goes to show how important it is. If the big guys are using it and benefiting from it then it obviously is an important factor in business success.
Related Tags: residual income, making money, repeat business
Larry Bregman is an online entrepreneur who can show you several good home business opportunities that can generate extra income.Visit my website at http://www.topprofit.net for details. Your Article Search Directory : Find in Articles
Recent articles in this category:
- Is SEO Optimisation Important Today?
Those who have tried setting up their own websites know just how competitive the online market reall - How to Shop Fearlessly, Look For Bargains, And Save Time and Money on the Web?
With the advent of online shopping, going to outlets and discount shopping centers may become an act - Roll Up Stand Changing Vendor Booths
Most people have been to trade shows, home shows, state and county fairs and other places where ther - Achieving Your Advertising Goals With a Roll Up Stand
Advertising is a common function of a business. However, it requires creativity and hard work to ens - Trade Show Displays and Expos
Trade Shows and community business Expos provide a captive audience for your business, to get the wo - How to Make Sure Your Newsletters Are Sent Out on Time
There are three key elements to making sure your newsletter is delivered on time: People, planning, - Portable Displays - Trade Show Displays
Portable Displays are the best option for exhibitors when it comes to Trade Shows. Portable Displays - Banner Displays - a Great Portable Display
Banner Displays are considered one of the most portable displays when used for trade shows. They com - Small Business Reputation Management - Your Small Business Information Could be Wrong
Bad information could be out there circulating on the Internet this very minute about your business - Eight Guidelines For Writing Newsletters That Engage Your Readers and Build Your Business
Want to write newsletters that engage your readers and help to build community? Whether you are a sm
Most viewed articles in this category:
- Adsense Is Making Me Rich
I want to talk to you about the power of Google AdSense and how you can use it to generate not hundr - How to Increase Your Business Using the Esoteric Science of Radionics
As a small business owner, there are an amazing number of difficult skills I need to master so my bu - 14 Top Lead Generation Tips
According to former Harvard Business School professor David Maister, typical marketing practices are - More Marketing Dope
Direct marketing can make you very successful, but you’ve got to understand the basics. Here a - The State Of Paid-To-Surf Programs Today
What a difference a year can make. 12 months ago, auto surf programs were at their peak. More an - Should You Open Up An Ebay Store?
Ebay has provided some amazing opportunities for many people to earn online. This widely popular au - Is Adsense A Good Idea?
For many webmasters, Google AdSense has become a great revenue generator. Since the program pays th - The "Coat Of Arms" Revisited
Recently I listened to a interview with Mark Joyner and Gary Halbert about Gary's famous "Coat of Ar - Brand Loyalty
It's a challenge getting consumers to remain loyal to a particular brand. Unlike the good old days w - The Hottest Affiliate Ebooks Out in the Market Today!
Affiliate Project X is a great affiliate marketing ebook. Totaling only 50 pages you could have your
