May 21 2010
Love Your Customers
Lurking somewhere in your email list and hiding among your web analytics data, your best customers are waiting to be discovered.
This Saturday I received a letter in the mail. The envelope was nondescript and the return address was a P.O. Box I did not recognize. It looked and felt like the type of envelope that contains a new credit or ATM card. When I opened it up I was pleasantly surprised — inside was a letter from the Director of Customer Care at The Home Depot and a $50 gift card. The letter was thanking me for my online business during the past year!
I have to admit, I did spend a lot of money at The Home Depot over the last twelve months. I was in the midst of a variety of large scale home improvement projects that required the purchase of a washer, dryer, refrigerator, barbecue, sinks, cabinetry plus much more — all bought online. Before I received this letter I did not feel especially loyal to The Home Depot, despite having spent a lot of money with them. But if something better came along, I would not think twice about purchasing from a competitor.
I put some thought into it and determined that I bought from The Home Depot for four main reasons:
- They have competitive prices.
- They have a strong online presence.
- They offered free shipping and other great offers in their emails.
- They have online ratings and reviews. I want to read what others think about a product before I purchase it.
What is the moral of the story?
- Know your best customers.
- Thank your best customers often and appropriately. The Home Depot not only thanked me with this letter, but they gave me a gift card, a VIP email address and VIP phone number to their customer service if I ever need it.
- Don’t assume that your best customers will always be your customers. Give them a reason to continue to do business with you.
Here is the letter I received from The Home Depot:
 






Brilliant! More companies need to do this…It definitely increases their retention rate. Moreover, putting this information out there makes me want to choose Home Depot over other stores.
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