Professional Documents
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largest account. What factors would make it relatively easy for you to get a larger share of that
customer’s business, and what factors would make it harder?
Personalized product offerings: Since we already have 60% of the client’s account, we
can use CRM software to study their historical purchase data and determine what
products/offers will be most appealing and relevant to them.
Investment in R&D to boost innovation and quality, which would enhance a diverse
portfolio.
Special incentives for key accounts such as this one, like rewards, more discounts, longer
payment cycle, reduced order fulfillment time, effortless returns, etc.
Strengthening customer relationship with personalized follow-ups. A satisfied customer
would likely provide more share of their business, and chances of losing out to
competitors are reduced.
Listening actively to the client about what they want, their experience so far with your
company, and providing them with value-added strategies to meet their needs. Bridging
the expectancy and communication gap between the company and the client is the key.
Factors that would make it harder to get a larger share of the customer’s business.