12 Tenets of Relationship Marketing Effectiveness

Heart Hands - Mari SmithRelationship marketing refers to everything you do to make your prospective and current customers aware of your products and services, position your business in their minds as the obvious choice, and help you to build lifelong, profitable relationships with them.

Whereas the traditional marketing approach is transactional, relationship marketing is relational. Old-style marketing mostly focuses on sales transactions. The new relationship marketing focuses on working hand-in-hand with your prospects and customers to co-create a more meaningful, personalized, and lasting experience.

With the vast range of social media tools at our disposal today, it’s easier now more than ever to shift your focus from transactional marketing to relational marketing. Your customers and prospects want to know that you’re listening, that they are important to you, and that you are striving to improve your brand, products and services as a result of their feedback. You can’t afford to be a one-way broadcast channel. You need to embrace the conversation and, as my friend Brian Solis says, Engage or die. By that, he means it’s those companies who engage with their community that will thrive in the long run.

Relationship marketing best practices

There are certain hallmarks of companies that have successfully integrated relationship marketing. Listed below are 12 best practices, formed as a quick self-assessment. Answer yes or no to all 12 questions; the more yes’s you have, the better!

My company:

  1. conducts regular polls and surveys of our customer database to ensure we understand the currents challenges and needs of our market.
  2. …strives to integrate customer feedback as much as possible in order to improve our products and services.
  3. …understands the power of social media and has active profiles set up on all the popular social sites such as Facebook, Twitter, LinkedIn, and Google+.
  4. …has effective listening and monitoring systems in place.
  5. …has a corporate social media policy in place that lets staff know what can and cannot be said, what actions can and cannot be taken, and how to handle any negative situation.
  6. …generates warm leads from all online and offline marketing efforts on a regular basis.
  7. …utilizes a reliable customer relationship management strategy.
  8. …conducts regular training sessions for all members of staff on proper customer relations and social media best practices.
  9. …stays on the cutting edge by evolving, adapting and integrating new technologies.
  10. …embraces high-tech but always maintains high-touch by reaching out to our customers, prospects, vendors and partners.
  11. …has a very high customer satisfaction rate.
  12. …consistently goes out of our way to let our customers know how much we value them.

By studying and integrating each of these 12 best practices, you’ll go a long way towards improving your success through relationship marketing. Your customers will not only like you, but they’ll love you! ;)

Companies that do really well with their relationship marketing efforts include Zappos, Starbucks, Virgin America, SouthWest Airlines, and Ford. And, great real-life examples of relationship marketing include Alaska Air (their San Diego manager brought me an iPhone charger during a lengthy flight delay!), as I shared in my recent interview with Mike Stelzner.

Also, check out Morton’s Steakhouse as Peter Shankman shared on The Greatest Customer Service Story Ever Told, Starring Morton’s Steakhouse.

Free 4-part relationship marketing webinar series

The New Relationships Marketing by Mari SmithThis article is a brief excerpt from my latest book, The New Relationship Marketing: How To Build A Large, Loyal, Profitable Network Using the Social Web. For a free 4-part webinar series that comes with the book (on the honor system, no need to send proof of purchase!), check out this page. I’ll be teaching many of the principles in the book, along with proven tactics and strategies for making the most of Facebook and other social marketing. You can also download a free chapter of my book here.

Let me know your thoughts in the comments below — do you agree with the 12 tenets? What’s missing? What else would you add? Did you learn something just by taking the self-assessment?

Mari Smith

Forbes Top Social Media Power Influencer | Facebook Marketing Expert | Globe-trotting Speaker, Author | 'Mari like Ferrari' | Bubbly Scottish-Canadian!

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Posted in Relationship Management, Relationship Marketing, Social Media
  • http://cashwithatrueconscience.com/rbblog Ryan Biddulph

    Studying companies which are really good at connecting with folks is the way to go! Obey simple, timeless principles in building relationships, and you and your business are golden.

    Thanks for sharing Mari!

    RB

  • Kamlesh

    Good One… Learn something new…. thank u

  • http://www.rvtechsolutions.com Sarah Kuglin

    Thanks much Mari!  Can’t wait to share this very practical and useful information!

  • http://www.stevefogg.com Steve Fogg

    Interesting post Mari, I wrote about Qantas’s and their failure in their marketing when they grounded their whole fleet on two hours notice and the damage it did to their brand. Do you have any examples of companies that do relationship marketing badly? 

  • http://www.businessandsoftwarestrategyforglobalisation.com Mae Loraine Jacobs

    Engagement, I think, is the main keyword to ensure businesses can establish great relationships with their customers and vice versa. Any type of relationship requires a two-way communication, with both sides talking and listening, but not all at the same time. With this idea in mind, it would then be quite easy for businesses to make the most of the available tools. These include social media, social network, as well as blogs, polls, and message boards.

  • http://twitter.com/ParkwayPress Author David Brown

    Engage or die? Yeah, I like that concept!

  • MetroFax

    Well said! Engagement is key to building your brand, business, and, especially, customer service. Thanks for the insights! 

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    You have described it very well. Now a day, I feel that, no need to go out of the internet because Internet itself, showing many different and unknown information to us. Today I have got an useful information from your blog…

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  • Hardeep

    Great insight. Relationship marketing has always been there as the recipe for success.

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  • ada

    The term shipbroker
    encompasses a wide variety of activities. Taking four of the following, explain
    the main business function s for those in these sectors and in each case
    comment upon the practitioner / principal relationship:

    (a)Port Agency

    (b)Liner Agency

    (c)Ship Operations and Management

    (d)Ship Sale and Purchase

    (e)Dry Cargo Chartering

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  • http://www.wadeharman.com/ Wade Harman

    This is it. I can’t believe I have finally found someone else that is talking about relationship marketing! You are correct when you say that today’s marketing approaches are usually more transactional instead of personal. People tend to think about the next sale or the next website visitor rather than focusing on cultivating that one relationship, no, being a hero to that one individual!

    Very nice to meet you Mari, looking forward to more things from you!

  • fateme

    Good One… Learn something new…. thank u

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