Building Long-Term Profitable Customer Relationships, Part 1: Are You the Restaurant Owner?

The lifeblood of any FBO is building loyal customer relationships. The success of these relationships can be measured in two ways:

Are they long-term, and are they profitable?

Studies on consumer behavior show a loyal customer:

• Keeps coming back
• Is willing to pay more, thus providing better margins
• Loves your FBO and tells other pilots, aircraft owners/operators
• Lowers your customer “churn” rate — you don’t have to replace a satisfied loyal customer
• Boosts your long-term revenue and prevents profit erosion so you outperform your competitors

In the end, the effort we put into building these kinds of relationships will pay high dividends year after year, so let’s examine the process.

Click to read more ...