Probably. It feels that way to loyal customers sometimes, thanks to customer rewards reserved for those walking in the door. Those shiny, new customers get all the perks, not the old dusty ones paying their bills on time each month and providing most of the company revenue.
When customers feel neglected, they take to the Internet, and on these companies’ very sites I found dozens upon dozens of customers voicing how frustrated they felt.
“Now, they’re offering rebates to new customers, while my bill has practically DOUBLED after more than 5 years with them. This is truly outrageous!”
“I saved $120, but very unhappy I could not get the new customer deal.”
“Yet again, I tried to get the deal. Yet again, they asked if I’d like to cancel. So much for caring about customers.”
Honestly, I can’t believe this still happens. Companies are driven by the NEW to the point of ignoring the leak in the bucket. What is the point of forcing customers to drop your service and resign a year later? Entire web sites and online communities are dedicated to these practices. Each time a customer leaves and returns, it costs the company money.
And not to mention the word-of-mouth fallout from poor customer service. There are the famous examples now of fed-up customers doing everything from posting flaming sites to picketing outside the corporate office. As frustration builds from poor service or unmet expectations, those ads luring new customers become salt in the wounds.
Random acts of kindness go a long, long way. Loyal customers want to be recognized, appreciated and respected. A few recent examples I’ve experienced:
Loyal customers want to be recognized, appreciated and respected.
It’s great to welcome new customers with something special. Onboarding is a critical stage in the relationship. But don’t make that the only time you’re thoughtful. Get excited when you see those regular invoices being paid. Say thank you to those customers who AREN’T the squeaky wheels. A little can go a long way.