Episode Transcript
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Speaker 1 (00:00):
Hey everyone and
welcome back to the Rainmaker's
Edge Perspective.
You know, today we're divingdeep into something super
important for all you localbusiness owners out there.
Yeah, client retention Huge,absolutely huge, especially in
2024 and beyond.
And you know, it's saying itcosts more to get a new customer
than to keep an existing one.
Right, well, it's true, itreally is, it is.
(00:20):
Studies show that acquiring anew customer can cost like five
times more than keeping anexisting one.
Speaker 2 (00:27):
Crazy right.
Speaker 1 (00:28):
Wild, and that's a
huge difference.
So that's actually why we builtRainmaker Reputation AI CRM to
make client retention way easierand way more effective for you
guys.
Speaker 2 (00:39):
That's really where
the magic is.
Speaker 1 (00:40):
Yeah.
Speaker 2 (00:41):
You know, even if you
make small improvements in your
client retention, it can have amajor impact on your bottom
line.
Yeah, you know, if you increaseyour retention rate by just 5
percent, wow, you can boost yourprofits by 25 to 95 percent.
Speaker 1 (00:55):
That's insane.
Speaker 2 (00:56):
Just think about what
that can mean for your business
More revenue, more stability,more freedom to focus on what
you do best.
Speaker 1 (01:03):
I love that.
Yeah, I love that, yeah, I lovethat.
And you're right.
This is something that I thinka lot of times we overlook when
we're so busy chasing those newleads.
Speaker 2 (01:11):
For sure.
Speaker 1 (01:12):
All the time.
Speaker 2 (01:13):
Yeah.
Speaker 1 (01:13):
So let's talk about
Rainmaker Reputation, ai CRM.
Speaker 2 (01:16):
Yes.
Speaker 1 (01:17):
And how it can help
you unlock those profit,
boosting retention rates.
Speaker 2 (01:21):
Exactly, and what
really sets Rainmaker Reputation
AI apart is that it combines atraditional CRM with the
intelligence of AI.
So it's not just about managingyour contacts.
It's about really understandingyour clients on a deeper level
and building those long-termrelationships that drive growth.
Speaker 1 (01:42):
Okay, I'm interested,
so break it down for me.
What are some of the keyfeatures that make this so
effective for client retention?
Speaker 2 (01:48):
Well, one of the
things that people really love
is the automated communication.
I know you've probably spent alot of time crafting emails and
trying to schedule follow-upsand just keeping track of all
those client interactions.
Rainmaker Reputation AI takesall of that off your plate.
Speaker 1 (02:03):
So it's like having a
personal assistant who's always
Right On top of clientcommunication.
Exactly, you set it up once andthen the system automatically
sends personalized messages,reminders, follow-ups, at the
right time through the rightchannels.
Speaker 2 (02:15):
Yeah.
Speaker 1 (02:16):
That way, you're
staying top of mind without
having to lift a finger.
Speaker 2 (02:20):
Oh.
Speaker 1 (02:21):
No more missed
opportunities.
Yeah, no more forgottenfollow-ups.
Speaker 2 (02:24):
That's huge,
especially for busy business
owners.
Speaker 1 (02:27):
Absolutely.
Speaker 2 (02:28):
Like us who wear a
lot of hats.
What about all that client data?
How does Rainmaker ReputationAI help us organize and utilize
that information?
Speaker 1 (02:37):
That's where the
centralized data feature comes
in.
So instead of having all thatinfo scattered across different
platforms, differentspreadsheets Rainmaker brings it
all together in one easy toaccess place.
Speaker 2 (02:57):
You can see a
client's purchase history,
communication, preferences, pastinteractions everything you
need to really tailor yourapproach.
So instead of just sending likegeneric email blasts.
I can personalize my messagesand offers based on each
client's history and what theylike Exactly, and
personalization is key.
Studies show that 80 percent ofcustomers are more likely to do
business with a company thatoffers those personalized
experiences.
So Rainmaker makes it easy todeliver that level of
personalization, whichultimately leads to higher
(03:20):
retention.
Speaker 1 (03:22):
OK, I'm starting to
see how powerful this can be.
Speaker 2 (03:24):
Yeah.
Speaker 1 (03:25):
But how does AI
actually play into this?
Speaker 2 (03:27):
That's a great
question, because we all hear AI
.
Speaker 1 (03:29):
Yeah, it's a buzzword
.
Speaker 2 (03:30):
Right, but what does
it actually mean for local
businesses?
Well, in Rainmaker ReputationAI, it means having a secret
weapon that helps you anticipateyour client needs, identify
potential problems before theyarise and make smarter decisions
about your retention strategies.
Speaker 1 (03:46):
Okay, give me an
example.
How does this AI actually work?
Speaker 2 (03:49):
Okay.
So one of the most impressivefeatures is predictive analytics
.
Think of it as a crystal ballfor your client relationships.
So Rainmaker Reputation AIanalyzes all your client data,
looks for patterns and trendsthat indicate a client might be
at risk of leaving.
So, for example, let's say youown a pet grooming business, the
(04:12):
AI might notice that clientswho haven't booked an
appointment in the last sixmonths and who usually buy a
specific type of shampoo, are atrisk of churning.
Speaker 1 (04:17):
So instead of waiting
for them to go somewhere else,
I can reach out to them first.
Speaker 2 (04:20):
Exactly.
You can step in before theyeven think about leaving.
It's all about being proactive.
I like that Rather thanreactive, and the best part is
you don't need to be a datascientist to use it.
Rainmaker does all the heavylifting for you, provides clear
insights and actionablerecommendations.
Speaker 1 (04:35):
This is starting to
sound less like a CRM and more
like a magic wand for clientretention.
Speaker 2 (04:40):
I like that.
I like that a lot.
Okay, so we talked aboutpredictive analytics.
I like that.
Speaker 1 (04:42):
I like that a lot.
Okay, so we talked aboutpredictive analytics.
What else does this AI bring tothe table?
Speaker 2 (04:46):
Okay, well, aside
from predicting churn, AI also
enhances personalization.
We talked about using clientdata to personalize
communication, but AI takes it astep further.
It analyzes behavioral patternsand preferences to suggest the
most effective communicationstrategies for each individual
client.
Speaker 1 (05:05):
So it's not just
about what I say, it's about how
and when I say it.
Speaker 2 (05:10):
Exactly.
For example, it might suggestsending a text message instead
of an email, because aparticular client is more
responsive to texts.
Or it might recommend reachingout on a specific day of the
week when they're most likely toengage.
Wow it's all about connectingwith clients on their terms in a
way that feels really naturaland personal that's some
(05:32):
next-level stuff.
Speaker 1 (05:33):
I'm really starting
to see how powerful this AI can
be yeah.
I bet our listeners are tooyeah but we've got a lot more
ground to cover, yeah, includinghow rainmaker reputation AI
helps with those all-importantlong-term client relationships.
So we'll save that for part two.
Stay tuned.
Speaker 2 (05:47):
Welcome back,
everybody.
Speaker 1 (05:48):
Okay, so long-term
retention.
Speaker 2 (05:51):
Yeah.
Speaker 1 (05:52):
This is where things
get really interesting for me.
Speaker 2 (05:55):
Yeah.
Speaker 1 (05:55):
We've talked about
keeping clients happy, but how
do we make sure they stay happyfor years to come?
Speaker 2 (06:02):
Right.
Speaker 1 (06:02):
What are some of the
features that help with that?
Speaker 2 (06:04):
Well, one of the key
features is reputation
management.
We all know that word of mouthmarketing is like super powerful
Wow, and online reviews play ahuge role.
Speaker 1 (06:13):
Huge.
Speaker 2 (06:13):
In shaping a
business's reputation.
Speaker 1 (06:16):
Absolutely Positive
reviews are like gold.
Speaker 2 (06:18):
They are.
Speaker 1 (06:19):
Especially for local
businesses.
Speaker 2 (06:20):
Yeah.
Speaker 1 (06:21):
People rely so
heavily on those reviews when
they're deciding where to spendtheir money.
Speaker 2 (06:26):
Exactly and Rainmaker
Reputation.
Ai makes it so easy to requestreviews from your satisfied
clients.
It automates the process, sendsout personalized requests at
the optimal time to increaseyour chances of getting those
testimonials.
And remember those glowingreviews aren't just great for
attracting new customers, theyalso reinforce the positive
(06:49):
feelings that your existingclients have about you.
Speaker 1 (06:52):
It's like a positive
feedback loop.
Speaker 2 (06:54):
It is.
Speaker 1 (06:54):
Happy clients leave
good reviews which attract new
clients who become happy clients, and so on.
But what about those times whenclients need a little extra
support?
We all know how frustrating itcan be to juggle all those
communication channels email,phone calls, social media
messages.
Speaker 2 (07:09):
Right.
Speaker 1 (07:09):
It's a real headache.
Speaker 2 (07:11):
It is, I agree, and
that's why Rainmaker offers
integrated support.
All of your communication,whether it's email, social media
or even phone calls, iscentralized within the platform,
so it streamlines everything,allows you to respond to clients
super quickly and efficiently,no matter where they're coming
(07:31):
from, and faster response timeslead to happier clients.
Speaker 1 (07:34):
Makes sense.
It's all about making thingseasier for the business owner
and the client, for sure.
But businesses aren't one sizefits all.
Speaker 2 (07:42):
Right.
Speaker 1 (07:42):
What about those of
us who have unique processes or
need more flexibility in how wemanage client interactions?
Speaker 2 (07:49):
That's where custom
workflows come in.
So, you can create specificsequences of actions tailored to
your unique business needs.
For example, let's say you're apersonal trainer and you want
to set up an automated welcomesequence for new clients.
You could create a workflowthat automatically sends a
welcome email, followed by atext message with a link to
schedule their first session,and then a reminder email a day
(08:11):
before their appointment.
Speaker 1 (08:12):
So it's like having a
virtual assistant who knows
exactly what to do and when todo it.
Speaker 2 (08:16):
Exactly, takes the
guesswork out of it.
Speaker 1 (08:17):
I love it.
Speaker 2 (08:18):
Yeah, and it makes
sure that nothing falls through
the cracks.
Speaker 1 (08:21):
Frees up so much
mental space to focus on other
parts of the business.
And let's not forget abouttargeting.
You know different clients havedifferent needs, different
preferences.
Speaker 2 (08:31):
Right.
Speaker 1 (08:31):
How does Rainmaker
Reputation AI help us tailor our
communication to thosedifferent segments?
Speaker 2 (08:38):
That's where client
segmentation comes in.
Rainmaker lets you categorizeyour clients based on things
like their purchase history,their engagement level, even
demographics Whatever's relevantto your business.
Speaker 1 (08:50):
So I could create a
segment for my most loyal
customers yeah, another forclients who haven't purchased in
a while and another for newleads, and then I could send
them different messages.
Speaker 2 (08:59):
Exactly, it's all
about maximizing the impact of
every interaction by deliveringthe right message to the right
person at the right time.
Speaker 1 (09:07):
Love it.
Okay.
So we've covered a lot here,from automated communication and
centralized data to AI poweredpredictions and custom workflows
.
It's clear that RainmakerReputation AI is packed with
features, but features alonedon't guarantee success.
Speaker 2 (09:23):
You're right.
Speaker 1 (09:24):
How do we actually
use all this to boost client
retention?
What are some best practices wecan implement?
Speaker 2 (09:32):
Great question.
So let's talk about maximizingclient retention with Rainmaker
Reputation AI.
One of the most importantthings is consistent and
valuable communication.
Speaker 1 (09:43):
Okay, consistent
communication makes sense.
Speaker 2 (09:45):
Yeah.
Speaker 1 (09:45):
But what do you mean
by valuable?
How do we make sure we're notjust bombarding clients with
messages they don't care about?
Speaker 2 (09:52):
You want to provide
content that your clients
actually find useful,informative or maybe even
entertaining.
Okay, so it could be thingslike sharing industry news,
offering exclusive discounts,sending birthday greetings,
providing helpful tips relatedto your services or just simply
checking in to see how they'redoing.
Speaker 1 (10:11):
So it's not just
about selling yeah, it's about
building a relationship andproviding value beyond the
transaction.
Speaker 2 (10:16):
Exactly.
You want your clients to feellike you're invested in their
success.
Speaker 1 (10:20):
I like that.
Speaker 2 (10:21):
Not just your own,
and this is where personalized
interactions become so important.
Remember all that client datawe talked about.
Use it.
Tailor your messages to eachclient's individual needs and
preferences.
Speaker 1 (10:34):
So instead of a
generic happy holidays email, I
could send a personalizedmessage based on what they
bought before or what they'reinterested in.
Speaker 2 (10:42):
Exactly.
For example, if you know aclient is interested in a
particular product or service,you could send them a targeted
offer or some helpfulinformation related to their
interest.
Make them feel like a VIP.
Speaker 1 (10:55):
That makes sense.
Personalization goes a long way.
Speaker 2 (10:58):
It does.
Speaker 1 (10:58):
Speaking of loyalty,
let's talk about those
AI-powered retention triggersagain.
Speaker 2 (11:03):
Okay.
Speaker 1 (11:04):
I'm still fascinated
by this idea of predicting churn
before it happens.
Yeah, how exactly does thatwork?
Speaker 2 (11:10):
So it's like having a
safety net for your client
relationships.
Speaker 1 (11:13):
Okay.
Speaker 2 (11:14):
Rainmaker constantly
analyzes all of your client data
, looking for those signs ofpotential churn.
Those signs could be thingslike a decrease in purchase
frequency, a decline inengagement with your
communications, negativefeedback or even changes in
their online behavior.
Speaker 1 (11:31):
So it's not just gut
feeling or intuition anymore.
Speaker 2 (11:33):
Yeah.
Speaker 1 (11:34):
It's about using data
to identify those early warning
signs.
Speaker 2 (11:37):
Exactly, and once the
system detects a potential risk
, it automatically triggers apreset action.
Speaker 1 (11:45):
Right.
Speaker 2 (11:45):
Like sending them a
personalized email with a
special offer, or maybeprompting you to reach out
personally, or even adding themto a targeted re-engagement
campaign.
Speaker 1 (11:56):
It's like having a
personal assistant who's always
looking out for thoserelationships and taking
proactive steps to keep themstrong.
Speaker 2 (12:03):
And speaking of
keeping relationships strong,
yeah, one of the most valuablethings you can do is get client
feedback.
Speaker 1 (12:08):
Feedback is crucial.
It helps us understand whatwe're doing well and where we
can improve.
But how does RainmakerReputation AI help us gather and
use that feedback Right?
Rainmaker Reputation AI help usgather and use that feedback.
Speaker 2 (12:18):
Right.
So Rainmaker has built-in toolsthat make it easy to collect
feedback through surveys, polls,online reviews.
Speaker 1 (12:25):
It can even analyze
all of that feedback for you to
identify common themes andtrends, and so instead of just
getting a bunch of individualcomments, we can see the bigger
picture and understand what ourclients are saying as a whole.
Speaker 2 (12:37):
Exactly.
This lets you identify areaswhere you're excelling and areas
where you might need to makesome adjustments.
Speaker 1 (12:44):
Makes sense.
Speaker 2 (12:45):
It's all about
turning feedback into action.
Speaker 1 (12:47):
That's incredibly
powerful, but the business world
is constantly changing.
It is what works today mightnot work tomorrow.
Speaker 2 (12:56):
Right.
Speaker 1 (12:57):
How can we make sure
our strategies stay relevant?
Speaker 2 (12:59):
So that's where data
analysis and continuous
improvement comes in.
Speaker 1 (13:03):
Okay.
Speaker 2 (13:04):
Rainmaker provides
you with those reports and
analytics that track all of yourkey metrics, like engagement
rates, churn rates, clientsatisfaction levels.
Speaker 1 (13:14):
So it's about
monitoring, analyzing and
adapting based on the data.
Speaker 2 (13:18):
Exactly.
Speaker 1 (13:18):
There's no set it and
forget it solution when it
comes to client retention.
Speaker 2 (13:22):
Right.
The business landscape isalways changing, so your
approach to client retentionneeds to be flexible too, and
Rainmaker gives you the toolsand insights to stay ahead of
the curve and ensure that thoseclient relationships stay strong
and profitable.
Speaker 1 (13:37):
Wow, I'm feeling
incredibly inspired.
I'm already starting to see howRainmaker Reputation AI can
transform the way we approachclient retention.
But we've got one more part tothis deep dive and it's all
about why you are listeners andwhat all of this means for your
business.
So stay tuned for our finalthoughts and some key takeaways
to help you take action andstart building those lasting
(13:57):
client relationships.
All right, so welcome back tothe final part of our deep dive
into client retention withRainmaker Reputation AICRM.
We've talked about the power ofAI, the importance of
personalization, the need forthat consistent and valuable
communication Right, but nowlet's bring it all home.
What does this all mean for you, the local business owner?
Speaker 2 (14:17):
Well, it means you
have the opportunity to build a
business that's not justsuccessful, but truly
sustainable.
Speaker 1 (14:24):
Okay.
Speaker 2 (14:24):
A business that's
built on those strong client
relationships that drive repeatbusiness referrals and,
ultimately, long-term growth.
Speaker 1 (14:31):
You know, we've all
heard the saying happy customers
are your best salespeople, andit's so true.
It is, but with RainmakerReputation AI you can take that
to a whole new level.
Speaker 2 (14:43):
Yeah, imagine a world
where you can identify your
happiest clients, predict whomight be at risk of leaving and
automate personalizedcommunication that keeps them
engaged and coming back for more.
I like it.
That's the power of Rainmaker.
It's not just about managingclients, it's about creating a
thriving community around yourbusiness.
Speaker 1 (15:04):
It's about turning
those one-time transactions into
those lasting relationshipsthat benefit both you and your
client.
Speaker 2 (15:12):
Absolutely.
Speaker 1 (15:12):
And the best part is,
you don't have to be a tech
expert to use it.
Nope, it's designed to beintuitive and user-friendly, and
there's a whole team of expertsready to support you every step
of the way.
Speaker 2 (15:22):
That's right.
Speaker 1 (15:23):
So, to wrap things up
, I want to leave you with this
what would it mean for yourbusiness if you could retain
more clients effortlessly?
Speaker 2 (15:30):
That's the question.
Speaker 1 (15:31):
How much more could
you achieve if you had the time
and resources to focus on whatyou do best, knowing that those
client relationships are beingtaken care of?
Speaker 2 (15:40):
Yeah, it's an
exciting thought.
The future of business is allabout connection, and Rainmaker
is the tool that empowers you tobuild those connections and
create a business that thriveson loyalty and lasting
relationships.
Speaker 1 (15:54):
If you're ready to
take your client relationships
to the next level and reallyunlock the potential of your
business, I encourage you tocheck out Rainmaker Reputation
AI.
We'll include links in the shownotes where you can learn more
and try it out for yourself.
Speaker 2 (16:07):
Don't miss out on
this opportunity to transform
your business and build a loyalfollowing that will set you up
for success.
Speaker 1 (16:16):
Thanks for joining us
on this deep dive into the
world of client retention withRainmaker Reputation AI.
Until next time, keep thoseconnections strong and your
business booming.