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Building customer relationships means spending a little less time chasing the next customer, and a little more time appreciating the one you already have
Print out the 10 Truths

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By Rufus Mudsucker (bio)
Rent to Own Maven
Print the 10 Truths

Four score and a 47 million BOR ago, our fathers brought forth to this continent a new industry. They held these truths to be self evident...

  • Customers may rent because they have to...they will only rent from you if they want to.
     
  • Customers have two lists; One they have to pay, and one they want to pay. Which list are you on?
     
  • The merchandise you rent is not unique, you are.
     
  • Relationships are built, not bought
     
  • A new tie, fancy signage, and uptown location will not extend an agreement a single day.
     
  • The value of your multifaceted advertising campaign vanishes the instant you open your mouth.
     
  • Regardless of what your accountant says, the most valuable asset you own is not your inventory, it's the relationship with your customers.
     
  • You can maximize Turn or Relationship...but not both.
     
  • The most important customer you have is the one standing in front of you.
     
  • Customers rent from a person, not a company.

Building and maintaining a good relationship does not mean letting collections suffer, or becoming friends with customers; both of which will cost you money. It means spending a little less time chasing the next customer, and a little more time appreciating the one you already have. And the best part...It's free.

RTO Online is the official channel for Rent-to-Own Industry News and the only independent source of news for the rent-to-own, rental-purchase, lease-purchase trade. RTO Online (Rent to Own Online) represents the choice of the entire RTO Industry for trusted information, as it happens.

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