Two Steps to Increase Retention in Your Business

2 Steps To Increase Retention In Your Business

Do you find that you’re super pumped about your business?  You’re out there getting people signed up in your business, you’re adding customers, and it’s growing, but then all too often your retention is just super low? 

Are you finding that either your team members are dropping like flies or customers who are coming in aren’t staying on their products, and they’re dropping off too?  

Two Steps to Increase Retention in Your Business

 

 

I’ve dealt with it.  I’ve had the issue, and I want to tell you exactly what I did and the processes that I went through to hopefully help you really increase your retention as well. 

Disclaimer:  No matter what you do, obviously, you’re not going to have a 100% retention rate.  But, you can drastically increase the retention rate just by doing these two steps. 

First step – Troubleshoot  

What I mean by “troubleshoot” is you want to find out where and why people are dropping off.  

Do you find that business partners are bringing them in, but they’re quitting and leaving and not really doing anything with the business?  Maybe they are very confused, they’re overwhelmed, or maybe they’re feeling lost?  Or maybe they don’t have clear goals set? Do they not feel supported?  

Obviously, this is something that you can ask people. So, go to your team if you see that someone who is not working, or if they’ve decided, “This isn’t for me.” Ask them some questions, and try to dig a little bit deeper.  

This is no different than customers as well.  So if you’ve got customers who are ordering, but you find a lot of times they’re not reordering, try to find out where the problem is lying.  That way, you can maybe set some better expectations for future customers.   

Second step – Brainstorm

Try to come up with a solution and implement it.  I’m going to give you an example in my own business, so maybe this will help.  

I stumbled across a marketing system back when I was a total spammer.  I love it because it provides training and also the tools and resources to help you build your business.  For example, you can get a blog up and running.  Also, they have what’s called “funnelizer” which allows you to create capture pages to start building your email list.  You can check out a review I did on it here.    

However, one thing I noticed, is that I would get people in, but then they would do it for thirty days or sixty days, and then they would drop off. 

So what I did was I teamed up with two other leaders inside of this community.  We started brainstorming like, “Where are people falling off?” and “Why are people falling off?”  

I noticed many people who were coming in were very overwhelmed, and they weren’t getting their systems and everything set up.  So they weren’t taking full advantage of what this marketing system provided.

In order to combat that, we started seeking a solution.  

1. We created a private Facebook group.

So anytime somebody brings in a new member, they can be added to our private Facebook group.  If they have any questions or they ever feel confused, we are there for them.  My time is very much spent inside that private Facebook group helping those members. 

Keep in mind, the more you can develop and deepen a relationship with somebody, the better off you’re going to be.  And, it’s more likely they’re going to stick around because a lot of people want that community. 

2.  Again, I teamed up with the other two leaders.

By working together, we were able to create a full-blown training course.  This drastically decreased people’s overwhelm!  We tell them that it’s very much completed in phases. It is step-by-step, and it might take three weeks to do this one activity, or it might only take a week. We very much support the people inside the group.

So, let’s say you sell a weight loss product.  People are just falling off because they don’t have that accountability. So maybe what you can do, is create a private Facebook group for customers where you have healthy recipes in there, you’re giving people tips, and you can allow people to pick accountability partners. 

You could also have different challenges for people in the group.  Give away different prizes, and make people feel they’re a part of something.  This is exactly what we did when I teamed up with these two other rockstars.  

Obviously, it took some time to put everything together.  We very much poured our heart and soul into it, and because of that, our retention has drastically increased.

So when people are dropping off and people are quitting, don’t be bummed about it.  Instead, use that to your advantage. Find out where that disconnect is coming into play, and then start seeking solutions.  

More Resources:

The Tools I Use to Build My Business:

Was that helpful? If so, I would greatly appreciate if you commented below and feel free to share it with anyone who might benefit.

txt me @ 731-926-6412

Email: Sherri@SherriBrownCoaching.com  

Facebook: Sherri Brown Coaching

Subscribe to my YouTube Channel: Sherri Brown Coaching

P.S. If You Aren’t Generating Leads Into Your Business and Your Upline Doesn’t have An ONLINE Marketing Blueprint In Place, Click Here For Access. (Unless you have too many leads already)

See Ya Next Time!

 

About The Author

Sherri Brown

Sherri Brown Teaches and Inspires Network Marketers how to create the freedom they deserve!  CLICK HERE for more resources to help you grow YOUR Business. 

5 Comments

  • Larry Hochman

    Reply Reply July 12, 2017

    Smart stuff. No one will have 100% success in keeping people in the pack.

  • Dr. Lisa Thompson

    Reply Reply July 12, 2017

    You just gave me a new idea for a Facebook group for healthy living…

    Thank You!

    Dr. Lisa

    • Sherri Brown

      Reply Reply July 13, 2017

      waaaaahoooo!!!

  • Destrie Monis

    Reply Reply July 13, 2017

    Retention can be an issue with our businesses. Loved the idea of giving away prizes! Everyone wants to feel like they are part of something. Awesome share Sherri!

  • Dereco Cherry

    Reply Reply July 13, 2017

    Great article Sherri, building that community making people feel like they are a part of something helps big time with your retention. Teaming up with other leaders to create training courses was an excellent idea as well. With so many shiny objects out here, it can be easy for some to feel overwhelmed.

Leave A Response

* Denotes Required Field