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Darrell's Small Business Info Blog

By Darrell Zahorsky, About.com Guide to Small Business Info since 2002

Nobody's Fool

Wednesday April 2, 2008
 Business Clown/Chad Baker/Adam Crowley - Getty ImagesPhineas Taylor Barnum, the founder of the Ringling Bros. and Barnum & Bailey Circus is often credited with the phrase "There's a sucker born every minute." Barnum was the quintessential entrepreneur, operating multiple businesses including a store, auction business and even dabbling in real estate.

His business acumen was less a result of tricking customers and more of understanding how to build a loyal fan base in an intensely competitive market. In fact, P.T. Barnum never uttered the famous "sucker born" quote. It was merely a smear tactic of his jealous competitors. Any business owner in today's market would benefit from using Barnum's focus to constantly "wow" customers and create a loyal following. There is no better time to focus on customer loyalty than customer loyalty month. Don't be an April fool.

Comments

April 3, 2008 at 8:20 pm
(1) Jim Juris says:

Hi Darrell,
I agree with you that customer loyalty is very important.

It is not easy to obtain new customers. Once someone becomes your customer you should try to keep them for life.

Repeat business from someone is always nice to have.

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