Thanks for the post Bob. There is the notion that it is five times easier to monetize an existing customer than it is to find and sell a new customer. CRM (Customer Relationship Management) is an area that is incredibly undervalued by most businesses, even though it can provide the largest returns.
We should all be thinking each day about how we are extending value to existing customer relationships. Part of the benefit is that happy customers recommend us to new customers. And referral business is always the best. I would much rather answer the phone from somebody who was pre-disposed to use my services than to try and sell somebody cold.
However you look at it, a focus on the customers you already have just makes great sense.
Thanks for the input.
Steve