Open Cloze
Gap-fill exercise
Fill in all the gaps, then press "Check" to check your answers.
4 Ways to Weed Out Rotten Clients and Grow Your Business
grow a successful business, you need
best, most-promising customers. But you
can't effectively serve 100 completely different clients. Some have
to go, and you've
to give them the boot. I liken the process to
of the giant-pumpkin growers. They follow the kill/nurture process and turn
prizewinner after prizewinner.
Removing less-promising pumpkins
the vine is standard operating procedure
those farmers. There is no mercy here,
"Aw shucks, it may grow big one day." They just kill it -- fast. This is the system I followed
helped me build my own multimillion dollar companies. And if you
nothing else, this process will help grow your business and get
life back.
You might
thinking, "I cannot afford to lose a
client, so I'll just focus
growing my relationships
my top clients."
Buzzzzzz! (That's the sound of my annoying game-show buzzer going
.) You can't devote yourself
everyone all the time. When you keep rotten clients, you can't
the work needed to grow those good relationships.
It's
to remove the diseased pumpkins so your
top clients, and other new clients, can blossom. If this step freaks you
, find the client who is the biggest pain and
, when fired, will have the
financial impact on your business. Fire that one first.
If you're still feeling nervous, remember, you can always go
to the jerk. They'll give you the old "I told you
," take you back, and treat you like garbage, as they
before. So know this, if I
wrong (which I'm not), you can easily get diseased clients
(which you shouldn't) . . . if you
want to (which you won't).
So how do you fire a client?
are four ways to do it, without straight-up telling them.
1. Eliminate services. To get
of clients who are downright nasty, just telling them you no
offer one service so they don't
back and ask for your other services may not work; you may
to go about it differently. For
, you might eliminate a specific service or servicing a specific type of company (the same type of company your sucky client has . . .
a coincidence). To do this, use the industry expertise trick. Explain
"We have shifted all of our resources to serve an industry
than yours, and we can no longer help
."
2. Prioritize the stars. When the good clients call, they get serviced first. The cringe- worthy clients
pushed to the back of the line. When you're
the phone with a cringemeister and a star client calls,
(politely) hang up on the cringe client and move
to the good guy. The cringers will
the hint. Sure, it's a little bit Mean Girls, but it gets the
done.
3. Raise prices. If you really
to see bad clients run for the
, raise your prices. And I don't mean a measly 10 or 20 percent. Increase
fees until it becomes prohibitive for the client.
rare cases, some clients will just
to the occasion, paying you seriously good money just to keep working
you. Now they can't afford you failing, so they'll likely
all nicey-nice and help you.
4. Refuse to two-time. Another way of breaking
with a diseased client is to say you have an agreement
a major client that prohibits you from servicing them
longer. I am not suggesting you actually create a contract; the goal is to have
explanation for the break.
give your major client a heads-
—and get their nod of approval—that you are going
pin your breakup with a bad client
serving them (your good guy) better.
After you're through
the awful clients, it's time to
rid of the ones who simply aren't a good fit. Even great, friendly customers need to go
if they are unfit for your offering. When the nice folks want to
business with you, but are unfit, introduce
to another vendor who can serve them.
are giving them great service by introducing them to someone
who is the right fit.
Remember, just
in a pumpkin patch, weeding is a constant process. Companies change and clients come and
. Block off a day or
to evaluate customers and
the tough decisions. You never know when a pesky
weed or diseased pumpkin might worm its
in and take over your entire patch.
Adapted from: entrepreneur.com, June 26, 2012.
Check
Hint
OK