by jaakkomannisto | Aug 2, 2019 | General
Great sales representatives and marketing managers understand the importance of customer feedback and how it helps them to build a brand, create loyalty, and make sales. But many of us tend to use positive feedback as a way to reinforce our decisions and look at negative feedback as an inherently negative force. Many don’t realize that, in a company of any size, both positive and negative feedback allows you to bring a huge amount of value to your company, so long as you know how to leverage it.
Organizations invest the lion’s share of their customer-service energy tending to client complaints. And of course, negative criticism needs to be addressed as a way to retain customers and prevent issues from happening again in the future. Positive feedback is often overlooked. “Hey, look at what this customer said about us. Good job guys” – and that’s it. This is a wasted opportunity.
But both positive and negative criticism can have a positive effect on your sales… If you act on them in the right way. The fact is that taking advantage of positive customer feedback that comes your way can yield incredible benefits. You can turn that positive client feedback or positive rating into new sales and income.
Give customers a way to leave feedback – and make it easy
The first step in turning positive feedback into dollars is to bridge the gap between a client’s compliment and your web site or retail stores. That may sound like an obvious step, but it’s often overlooked. Clients may enjoy your product/service, and they might glow with praise if only you ask them how they feel about it. But you have to ask. Give them some way to let you know, or the only profit you’ll make is the satisfaction of a job well done.
Making it possible for customers to pay you a compliment you means making it easy. Make the customer feedback process simple and convenient. Most customers don’t mind pausing for a moment or two to give you feedback if they truly had an exceptional experience. But if they have to jump through a lot of hoops or end up drumming their fingers while your system churns away for who knows how long—forget it. They will decide it’s not worth their time.
On the other hand, if you devote the necessary time and care into crafting a speedy, inviting, simple way for your clients and customers to leave input, odds are they will soon be supplying you with praise.
Ask Customers To Tell You What You Need Them To Tell You
With the goal clearly in mind of profiting from positive feedback, you should be able to obtain the kind of feedback you need, then use what customers tell you for all that it’s worth. All too often, though, companies do not design their online studies and polls with advertising and marketing in mind. So they call a golden opportunity to turn praise into profit at the drawing-board stage.
It’s fine to use what customers tell you to improve how your organization works so that you can better satisfy those customers. But instead of using all the information you gather only to tinker with your organization from within, use the information to expand its reach. Gather the kind of feedback that you can use to fortify your marketing campaigns—and then use it that way.
When customers tell you what they like about your business and its product or service, cite those statements. Repeatedly. Quote their eager endorsements again and again and again in your ad copy and other marketing materials. Make sure your current customers see those endorsements. Make sure prospective new customers see them.
Display Customer Feedback On Your Web Site
Whether it’s criticism about how your clothes fit or acclaim for an exceptional customer service experience, you need to show the world that your business is appealing, responsive, and easy to use. A persuasive way to do that is by posting customer reviews on your site.
A new buyer may doubt the copy in your product descriptions. But he’s more likely to give you a try if previous clients have been turning to you to solve their problems and credibly singing your praises.
Just as you post client reviews on your own website, so you should find ways to publicize the great things about your business on other sites. Review sites like Yelp and Angie’s List can be a huge help in boosting your sales. There are hundreds of industry-specific directories that you may find more useful for your specific company and even B2B directories like Capterra and Trustpilot.
Once again, enlist the services of your own customers as marketing specialists by encouraging them to be ambassadors. Research the different platforms that would be appropriate venues in which to discuss what your company does. Urge clients to leave reviews anywhere and everywhere it is possible to do so. Then re-post those reviews on your own website as well. This is a successful approach that has been proven to help drive sales.
Use Feedback To Explore New Opportunities
Your feedback collection should not be a series of unrelated tactics. It should be a strategy. Do you have organizational or operational goals? You should, and your customer feedback should help you get there more efficiently. For example, if you have an ecommerce store and you want to improve the conversion rate of your checkout funnel, you could sample users at each step of the checkout process and ask for workflow-related feedback via a website survey. You will get some great insight about your website that will translate directly into actions to improve the funnel.
This is a specific example, but the process can be applied to basically anything. Keep in mind a strategic goal, and create your customer experience strategy around a series of surveys to help you make the best decisions.
Harness The Megaphone Of Social Media
Does your company enjoy a favorable position in social media, and are you taking full advantage of it? Facebook is one way to exploit your positive feedback potential. Positive reviews are compelling on social media platforms like Facebook because such platforms so effectively harness the power of testimonial advertising.
Linkedin is an excellent place for B2B businesses to establish themselves as thought leaders in their industry. This can be combined with a publishing platform of your choice – like Medium, Quora, or your own blog. There are numerous examples of companies who produce and publish excellent and valuable content and use this as a means for lead generation. When it is done well – it works.
Social media is all about giving people easy and easily amplified ways to report what they do, what they think, what they buy, and what they think about what they buy—including what you are selling. The easiest way to get started is to regularly post customer feedback and reviews to your social media accounts. This way you will also create transparency, loyalty and, as a result, more paying customers.
Take the opportunity to create and support a public relationship with your clients. It will yield many dividends. When the client is your main focus, your business is on the right track.
by jaakkomannisto | Aug 2, 2019 | General
There’s a lot of buzz right now about customer experience (CX), and why it’s the next big thing for companies to differentiate themselves in a competitive market. But what are people really saying? By dedicating themselves to a better customer experience, companies can reap many benefits including higher revenues and retention, happier employees, more recognition, and a chance at thriving even when their industry is not. Examples of these companies are seen all over business magazines and they line the business bookshelves of the world. Southwest Airlines, Starbucks, and Whole Foods Market are revered icons of this paradigm. So how did companies like these mold themselves to become models of great customer experience?
Customer service is not the same as customer experience
When we discuss “the customer experience”, people assume we’re really talking about two things: face-to-face or call center interactions. And believe me, when people get started on call centers, there’s no stopping them! (Note to companies: customers hate dealing with auto-dialer menus that loop or lead them to powerless call center reps. We hate it – with a capital H. But I digress… Customer experience is really a lot more than that. It’s the series of interactions and exposures a customer has with your company that cumulatively creates the customer perception. The customer perception is how an individual customer feels about associating with your company. The customer’s perception is the reality of the customer experience, not your intention or assumptions for the customer. Case in point: No matter how many times SBC’s advertising tells us they are going ‘beyond the call,’ we don’t believe them as we don’t experience it when dealing with their company. Our perception is the reality.
Why is customer service important?
Well we all know instinctively that customer service has to be good for a business, but why? What are the tangibles that good customer service delivers a business? Here are some ideas to help your business case for developing your customer service and overall customer experience.
Why is customer experience important?
Customer Experience isn’t just about Customer Support, nor is it about the buying process. It’s a holistic view of a customer becoming aware of you, your products and services, his experience in the buying process, his experience in the consumption process, his experience in support, his experience in sharing the same with his friends and family. Now, you can understand how one single customer can significantly influence your business. Each customer will have many experiences with touch-points, product & services, and he has several touch-points elsewhere (his friends, colleagues, family etc).
So, Companies that are very customer focused (well, every company has that focus, isn’t) ensuring that all the touch-points are sufficiently optimized to offer a compelling, consistent customer experience is very important to your business. All it takes is just one bad user experience to drive hoards of customers (and his contacts) away from your business.
One small user experience fix can lead to significant business results!
Recently, while speaking to a Hotel Manager, I learnt an important aspect of customer experience from a real life customer case. While the Hotel offered a great in-room service that the customer really enjoyed, the checkout process wasn’t that smooth. The guest was made to wait a long time before the checkout happened and the guest had to rush to the airport to catch his flight
The Hotel Manager was able to spot and fix the problem using customer experience mapping software. Now, the Hotel has increased its number of loyal guests, who frequent the hotel not because of the reward points for repeat visits, but because of great customer experience. That’s true loyalty.
Measuring and Improving your customer experience is important if you want to build a loyal customer base. Loyalty is about emotional engagement. We are redefining loyalty to help convert your most loyal customers as your sales force and grow sales.
by jaakkomannisto | Aug 2, 2019 | General
What is upsell in the first place? This is a term you hear bantered around in the internet marketing world. Truth be told you live with upselling consistently; you might conceivably not be tuned into it. This article clarifies what an upsell is and how you can utilize it to profit from anything your sell…or give away. On the off chance that you are hoping to make your client happy then you have to comprehend what upselling is and how to utilize it appropriately.
Many individuals accept that customer service professionals have little involvement in the business procedure other than managing administration issues; however, their part is exceptionally instrumental. The reason they can frequently more easily increase sales is that they aren’t seen as sales staff. Most of the time the clients “guard is down” when talking with a customer service rep since they aren’t hoping to be sold, but to just furnish them with data. All in all, what are two or three strategies that can be utilized to urge your staff to do upselling/cross offering on an everyday basis?
Initial, an imperative part is to evacuate the idea design that reps are offering. Regularly, customer service reps need no part in the business procedure; in the event that they did, they would be salesmen. Attempt to inspire reps to think about the procedure as simply offering extra services, not selling else they will oppose the procedure. A straightforward yet imaginative approach to get around this is to have a data-gathering contest. Let them know that whoever can discover the most data using addressing their customers will win. This will get them into the attitude of thinking about the business procedure as data assembling as opposed to selling. The easiest example is to make them ask feedback and about the experience their customers had.
Second, an awesome recommendation is the point at which they are looking into data for a customer, they can specify, “while we are sitting tight for my pc to come up, how has it been with your new house. Is there something you would like us to know?” Or, they could even make a proposal, for example, “I see that you mentioned an enthusiasm for acquiring another car and you do have your home loan with us, what are your arrangements to finance that buy?” Then, simply go ahead and propose a portion of the diverse choices that your organization offers ought to there be an interest.
Third, upselling and cross-selling fortifies the connections that you have with clients. At the point when a customer support representative offers a recommendation or an ancillary service that could profit the client, the client feels that somebody is paying special mind to their best advantages. In this manner, making a better relationship and future deals for the organization not far off. It is a win-win for both sides.
At last, make sure that reps are asking great questions when they are chatting with clients and imminent clients. Open-ended inquiries that start with “what” and “how” will empower them to have more accomplishment in adding extra items and services to their deal. The more they are presented to the procedure, the more agreeable they will get to be. Never, ever rebate the estimation of a good customer service rep, their position can be critical to the achievement of the organization.
In the end, the trick is to show the customer that you care about them. This way also upselling becomes a tool to grow your customer satisfaction and customer loyalty. Simple as that.
by jaakkomannisto | Aug 1, 2019 | General
Getting new customers is difficult, time-consuming, and expensive. In fact, it is 5 times more expensive than nurturing existing customers. So why not put more energy into keeping the customers you already have? You know them already. You know what they want. You know what they expect of you.
Or do you?
Your company is facing fierce competitors who build vibrant customer communities and who aggressively compete on price. Which means that you too must invest substantial energy and effort into maintaining your customer base. Providing a great product or service is crucial. But it is rarely enough by itself to keep your customers coming back for more. It’s the authenticity of your customer interactions that matter most, not the frequency.
You need to create genuine customer loyalty.
You want loyal customers. But how can you measure loyalty? Loyal customers are much more likely to make a repeat purchase. In more concrete terms, loyalty can be measured by looking at your customer retention rate. According to research by Bain & Company, increasing customer retention rates by 5% increases profits by 25% to 95%.
It is tempting to concentrate on making new sales or pursuing bigger accounts. But paying attention to your existing customers, no matter how small they may be, is essential to maintain a thriving business. That being said, In order to reach the fabled exponential growth that all SMEs strive to reach, you must succeed in both maintaining existing customer relationships and creating new ones.
The secret to securing repeat business is to follow up in a way that has a positive effect on the customer. Effective follow-up begins right after the sale. Get in touch with customers to say thank you and again to find out whether they are pleased with your product or service. Everything begins with customer feedback. When problems arise, fix them – and then identify the root cause to make sure they never happen again.
But it doesn’t end there. You also have several other effective methods of engaging your customers.
1. Let Customers Know What You Are Doing For Them
This can take the form of a newsletter mailed to your customers, or it can be more informal, like a phone call. Whatever method you use, the key is to dramatically point out to customers what excellent services you are giving them.
If you never let customers know all the things you’re doing for them, they may not notice. So make a phone call to let them know they don’t have to worry about a given chore because you have already taken care of it—completed the paperwork, called the attorney, or double-checked the shipment. One less thing they have to worry about. While you are letting them know about what you are doing for them, this is a perfect opportunity to ask for feedback. What are you doing right? What can be improved? Etc.
What you’re doing here is closing the feedback loop. When you’ve gotten your customer’s feedback, it’s then important to let them know what you are going to do with that feedback. Does the paperwork have an error? We will make changes to our review process. The shipment was delayed? Let’s look into our shipping provider and check alternatives.
2. Take The Time To Write Handwritten Notes To Your Long-Time Customers. And Do It Often.
“I was just sitting down at my desk when your name popped into my head. Are you still having a great time flying all over the country? Let me know if you need another set of luggage. I can stop by with our latest models any time.”
Have you run into an old customer at an event? Follow up with a personal note: ”Great seeing you at the CDC Christmas party. It’s been a while. How about we do lunch soon? I’ll give you a call early in the new year to schedule something.”
In a world where digital communication dominates our personal and professional interactions. There’s something special about a handwritten note. When done correctly (with the right tone to the right customer), it’s shocking in the best possible way. Handwritten notes create that “wow” factor that can turn a neutral customer into a promoter. Or turn a disloyal customer into a loyal one.
3. Keep It Personal
Voicemail and email make it easy to communicate, and they’re important. But don’t treat these methods as the only legitimate way to follow up with your customers. You also want a more personal touch.
Don’t let the secretary barrier stop you. If you’re having trouble getting through, leave a voice-mail message saying that you want to talk to the person directly or that will stop by his or her office at a certain time.
When writing your handwritten thank-you notes, take that little extra bit of time to make it unique. Referencing a past conversation or asking how their family is doing.
Make sure everything is as personal as possible. That being said – it is very important to take the nature of your relationship and cultural norms into consideration! Asking about family may be acceptable for American customers but could be totally inappropriate for Japanese customers.
4. Remember Special Occasions.
Send regular customers birthday cards, anniversary cards, holiday cards or small Christmas gifts—you name it.
Gifts are a great way to follow up. Use your creativity to come up with interesting gift ideas that tie into your business, the customer’s business, or his recent purchase. A great idea is to send something that the customer can actually make use of. A branded necktie is not useful. A Moleskine notebook maybe. Use your imagination, but you don’t need to break the bank.
You don’t have to spend a fortune to show you care. And you’ll be amazed by the effect that this simple and thoughtful gesture has on your customers.
5. Pass On Information
If you read an article or hear about a book or organization that a customer may be interested in, drop them a note. Do not spam them with emails. Make your own judgment call on what you deem to be useful information to them.
Of course, you should also share any of your own materials that a customer may find useful. But don’t hesitate to point them to other resources as well. Your customer will appreciate it, and appreciation begets loyalty.
by jaakkomannisto | Jul 18, 2019 | General
Trying to find the ROI behind customer experience investments might be a tricky time to time. Here is one approach that is based on vast studies about companies that excel in listening to their customers and taking that information back to their business to improve it.
Let’s start by analyzing the difference in value between your detractors and promoters. Here, NPS typically has a very high correlation with retention: the happier the customer, the more loyal they are and therefore the more revenue they generate for you during their customer lifetime.
You should look at your customer’s behavior in history. Of the promoters, which you had 1 year ago, how many of them have stayed? How many have left? Most likely these numbers are very different for the detractors.
When you have, based on the historical data, established a clear link between your customer experience metric and churn rate, you can immediately start to understand how big of a financial impact your X-point NPS increase has. A study done in London School of Economics in 2005 found that 7 point NPS increase led to an average 1% revenue increase.
But you shouldn’t assume industry averages apply to you directly.
There are huge industry-specific differences – in competitive industries, customer experience differences easily lead to a situation, where your customer decides to switch vendors. In industries, where consumers have very limited choice, they can stay as your customer for a long time even if they hate you. In B2B the user and buyer can be different persons and the decision-making dynamics therefore complex. Therefore, I warmly recommend knowing your own numbers.
Keep in mind that there are also other ways the customer experience improvement impacts your bottom line. Higher NPS typically correlates with higher advocacy, which brings you more customers and revenue. Your most loyal customers also typically buy more from you. You have a chance to up-sell and again increase your revenue.
The benefit can result from the cost savings as well. The higher your NPS, the smaller the number of customer complaints and returns. This can make you save in customer support and repair costs.
To summarize, there are some standard ways through which NPS improvement (or customer satisfaction increase) translates to financial value. You should quantify at least some of these for your company. Once you have done that, you have a good understanding of what is the financial value of one-point NPS increase – that makes it easy to assess, whether a particular action targeted to drive the NPS up, makes sense or not.
As conclusion, we could say that this model will give you a head start on how to see the financial benefits around NPS. Again not a comprehensive model but will help you out!
by jaakkomannisto | Jul 1, 2019 | General
We believe that everyone deserves to be happy and get better quality experiences every day.
That is the reason why we created a center of excellence and global knowledge base around “The entire journey” which basically means that we had to create the largest global community of Customer experience and Employee experience professionals that helps each other to excel in creating the happiest customers and employees in the world.
Technology has changed the world so that 89% of companies compete purely on CX basis and what we noticed is that only 10% of companies invest enough in their customer experiences.
This said, companies are not able to rely on sololy in investing high technology, even though that remains to be important, the only way to survive is to create exceptional experiences day after day. And who create those experiences? Well, your employees of course. This is another reason why we think that we need to concentrate on discussing and educating ourselves about the entire journey and not just one touchpoint.
Even though CX has taken its place in the professional community of marketers it still remains a very uneducated field of marketing. Very few universities adequately teach about customer experience, employee experience, customer journeys, and above all how to drive business benefit from them and create happier customers.
There is a lot of talks but few deeds – and this is where CXforum comes in. Our goal is to really revolutionize the world of marketing and CX.
At the moment we are building killer content for every CX professional (obviously) but also above that an educational system with certifications to really make sure we can create great CX professionals for companies. We also create CX professional directories for companies to find CX professionals easily. This is topped with the worlds biggest CX events ever made – so that you can have access to the best information out there.
CXforum is an independent network of Customer Experience and employee Experience professionals, companies, and people to bring knowledge and methods together to create better experience unconditionally.
The idea of CXforum was created during one single night when I happened to meet one single-minded CX professional from Melbourne. After a long night of chat, during the first hours of the morning, CXforum was set up and good to go!
Jaakko, Co-Founder of CXforum
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