I am a member of several event related ning.com groups. This question was presented for discussion “The ENVI team would like to know is it necessary to host client appreciation events for your customers or is that just another way for the company to spend money unnecessarily?”
My brief response was:
I believe client appreciation events are extremely important. The hard part of sales is convincing someone to buy from you the first time. Once they have already purchased they are 70% more likely to purchase from you again or recommend you to someone else. If you nurture the relationships you have already spent time building the reward for your business can be huge!
Let me expound upon that here. Most businesses spend a lot of their resources prospecting, and moving prospects through the sales cycle. It can take both time and money to woo a potential client enough to motivate them to purchase. Where many businesses fail is believing that that relationship ends following the delivery of the final product or service and a token of your appreciation.
By not continuing to court your clients after you have sealed the deal you are allowing a competing business to come in and steal them away. Afterall, you have already identified the need for your product or service why let someone else reap the residual benefits. And, even if they don’t have an immediate need to purchase from you again are you top of mind when their friends and relatives ask if they know anyone in your line of work? If they never hear from you after the final “thank you” chances are you are not.
The reaction from most small business owners when I mention holding a client appreciation event to nurture the relationships you have with existing clients is “I’m a small business or soloprenuer, I can’t afford to hold a client appreciation event.” This mindset is generally based on previous exposure to large-scale client appreciation events. You don’t have to send your clients to Hawaii or host a huge golf tournament to say thank you. Why not hold a small reception with wine and hors d’oeuvres to say thanks? Or a picnic in the park? You can offer a raffle or contest, give away free products and services, there are tons and tons of ways to host a successful customer appreciation event that won’t break the bank.

Popularity: 7% [?]
Hi, I’m Brandi Starr the owner of
Welcome to Starr Studded Small Biz! An effective marketing strategy can mean the difference between your businesses success and its failure. Marketing should project your brand image, prove to the client that they have a need for your product or your service, and display the passion you bring to your business. So what does small business marketing have to do with event planning?


