The Reds had looked well set to challenge for the Premier League title this season after a strong start to their campaign but have been unable to sustain that early momentum.
Liverpool will kick-off against Manchester City on Sunday 14 points behind league leaders Chelsea with a top-four finish the best the Merseysiders can now hope for.
Despite seeing Liverpool's hopes of a first league title since 1990 fall apart, Klopp maintains his belief that he can re-establish the club as the dominant force in English football and says he retains the backing of everyone associated with the club.
"When you reach a target, it's fantastic," Klopp told Sky Sports News. "If you don't get it, it doesn't mean you are bad or not the right person. Come on, let's try it again.
"I always think about alternatives. Is there somebody else who could do it better? If I knew somebody who could do it better I wouldn't be here.
"I am really convinced about the circumstances and the basis we have. How long it will take? I have no idea but everybody should see we tried every day really hard.
"I feel supporters still think I'm the right person in the right place so we feel that trust and faith. We have to use it but around us is a lot of quality. We need to respect this."