Yes, I did promise you a post on Baby Boomers, Gen X and Gen Y, but I am still completing it, as I was anxious to publish the latest edition of the JF Journal yesterday – hope you received your copy? No? You can sign-up here - there is a great FREE gift for you too.

So today, I am going to write about the formal account review, because this is the time of year when you should all be assessing your 2009 performance with all of your customers.

Obtaining continual feedback against a set of established criteria is vital if an organisation is to retain its existing top clients and seek to improve its standing and the quality of its service levels to them.

There Are At Least Seven Benefits Of Regular Feedback.

 Feedback reveals your customer’s current and future plans.
 Seeing your business from your customer’s point of view allows you to answer the question “would you do business with you?” – if not why not?
 Feedback allows you to tailor your service levels so that you enjoy maximum customer satisfaction at a minimum cost.
 If you don’t ask you’ll never know how you are doing until it’s too late! Feedback is magnified by the ‘ice berg factor’ making it more critical than it originally appears.
 Feedback can reveal what your competition are doing helping you to be a consistently strong contender.
 Gaining a reputation for wanting to hear feedback can actually make money for you.

How Often?

This will depend entirely on the importance of the account and revenue levels being achieved – or anticipated.

Assessing The Feedback You Receive

If the feedback you have been receiving to-date has not been useful ask yourself the following questions.

 Do I ask enough questions?
 Do I ask the right questions?
 Do I communicate effectively about why I am asking the questions?
 Do I ask the right people?
 Do I know how to use the data I collect?
 Am organised to respond to the information?
 Do I value and trust the information I receive?

Remember:

The Account Review Process -
 Is a non-threatening meeting –
 It is a fact finding session not a sales event in the short term.
 But It is highly likely that during this meeting you will uncover additional short, medium and long term opportunities.

Today’s News:

The Sales Lead Association announced the results, and I am pleased to confirm that Jill Konrath made it into the top 10.

Full results here

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