How to nurture your customer relationships

Customer relationships are just as important to the business as good finances – after all they go hand-in-hand. Building long-lasting relationships with your customers, creates a solid customer base who’ll think of you first when they’re looking for the product/service you offer. In order to create these type of customers, you need to nurture the relationships, but how do you keep your customers happy and satisfied? And what are the best ways to build and maintain a trusted and beneficial relationship with everyone in your sales book?

Here are a few key points for nuturing your customer relationships:

Communicate well with your customers

Any good relationship is based on honest and open communication. So it’s important to have the best possible channels for two-way communication, feedback and promotion. Talking directly to customers, and allowing them to communicate with you, opens up a dialogue and gets a conversation started. And when customers are willing to have that conversation, you can be confident that they’ll be open to your marketing, emails and other points of contact.

You could achieve this by:

Making use of the full range of digital channels – some customers will check out your website before making a purchase. Others will follow your updates on social media. Some will prefer email newsletters and updates. Find out what your customers prefer and prioritise using the channels that have the best feedback, engagement and conversation rates.
Putting some effort into your social media channels – social media platforms are a great way to communicate directly with your customer base. But you need to make the time to post regularly, reply to queries and respond to praise (and criticism too).
Know your customers inside out – where possible, getting to know your customers face-to-face is invaluable. Digital channels are incredibly useful, but they can’t replace chatting with your customers in person. Hold customer events, go to conferences & events and ask your team to represent your brand in a friendly and engaging way.

Ask for feedback and comments

For your products and/or services to improve, you need honest feedback from your customers. Ask for feedback on your delivery, your customer service, waiting times and prices etc. And, crucially, find out how you can do better. The root of any product development lies in knowing what your customers want, and how their needs are evolving. If you can gather those opinions and information from your end users, that’s invaluable data on which to base your decisions.

If you’re selling a physical product, ask the customer to answer a few quick questions when completing their warranty details online. If you’re selling a service, then follow up any project with a ‘How did we do?’ survey that asks for high-level feedback on their experience. The more you ask, the more you will know – and that knowledge really is power in the business world.

Keep customers in the loop with new developments

When you’re starting your next round of product development, stop for a moment and think about who this product is for. Ultimately, you’re designing and evolving something to meet the specific needs of a certain customer demographic. So, who better to ask about the direction of your updated product or service? Talk to the end user and ask them what they want.

As a business, it’s very easy to get lost in the internal, in-house viewpoint of your development. A new idea could result in what’s seen as an excellent new product feature – but have you asked the end user if they want this feature? Aiming for a positive customer experience and meeting your customers’ needs should ALWAYS be your core aim. So get your end users involved in the development process and your beta testing of products.

Reward your best customers with perks and benefits

We all like to know that our custom is valued. When you form an attachment to a brand, and give the company your hard-earned cash, you want to know that this is appreciated. One way to make your customers feel valued in this way is to offer them perks and benefits – something that only your long-term customers will have access to. This could mean:

Giving valued customers early access to new products or services
Offering customers a healthy discounts on purchases, or giving away freebies
Introducing an ‘Introduce a friend’ scheme, where the introducing customer gets a gift
Running events for existing customers to build on their feelings of community

The more you can do to make each and every customer feel special, the more chance you have of building a great relationship – and turning these people into advocates for your brand.

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How to prepare for the end of financial year

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The end of the financial year is fast approaching, so if you’re balance date/end of financial year is 31 March, there are a few things you need to do to help us prepare your financials. Take a stocktake If your business sells products or has stock, you’ll need to do a stocktake on 31 March. If you’re a business that sells products, then you need to take a stocktake of your physical inventory. If you’re a farmer, then you need to take a physical livestock tally. Send in your EOY papers Compile a folder (digital or hard copy) with a copy of the following documents: Bank statement that shows the balance on 31 March 2025 for all your bank accounts and loans. Insurance invoices. ACC invoices. Loan statements for the year (if applicable). Any new loans or refinancing documents. Invoices for assets purchased and sold. GST workings and reports. Submit the online questionnaire You’ll also need to fill out and submit the online questionnaire. You should receive an email from us in April/May, with a link to fill out and submit the questionnaire. If you haven’t received an email with the link by the end of May, let us know.

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