18 Steps to A Better Website
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Need Better Marketing Materials?
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Losing Customers?
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“Next Level accepted and completed a difficult project with severe time constraints for our financial services firm. They did an exceptional job with a high amount of creativity and professionalism.”
James Carroll
Managing Director at Hunter Wise Financial Group, LLC
Whether we admit it or not, all firms are compared to companies like the Ritz Carlton, Walt Disney and Federal Express. These organizations and others continually set and raise the performance bar for customer service.
Do you “wow” your customers every time they deal with you?
Customer retention is vital to the growth of any business and customer retention is based upon positive experiences with your company. So how do you manufacture these positive experiences with your customers and use them to grow even beyond what retention brings? The answer to that is the successful implementation of Customer Touch Strategies.
Customer Touch is the systematic events your company does when interacting with customers. They are the thousands of little things you do that make dealing with your company different from any other company.
They include all points where your company touches the customer: anything the customer hears, sees, feels, reads, smells or touches. They include your lobby, the coffee you serve, your marketing materials, phone conversations, e-mails, product displays, sales people’s appearances, etc. Customer satisfactions are derived from the outcomes and the process of dealing with your company.
In Customer Touch Strategies, the key to realizing the complete lifetime value of a customer is to enhance the experiences between your company and the customer through a customer development process that turns customers into advocates for you. Only by maximizing your customer experiences will your company achieve World-Class Customer Service.
Moments of Truth
How do you manufacture Advocate Customers? The answer to that question comes by answering another question. Why do customers leave? The answer for 68 percent of companies is “Perceived Indifference.” They don’t feel that they are important or treated the way they expect to be treated. Therefore, to manufacture advocates you need to wow them! Focus on the business activities that directly touch good customers.
These are Moments of Truth. Use them to exceed their expectations, differentiate your company, reaffirm why they buy from you and make the customer feel important. The problem is that you do not know the standards or expectations that you must meet. Your customer’s expectations for quality customer service may be set based on their experience with other industries or businesses. Your challenge is two-fold:
To make matters worse, each customer has different expectations and those expectations are changing all the time. If your strategy is to be the low cost provider, you only need to meet minimum expectations.
If you want to differentiate yourself as a premium provider you must exceed expectations. To do that, you must first know what your customers like and dislike in dealing with you and what their expectations are for customer service.
Once you understand the Customer Expectation gap, you can work on closing it.
The marketing objective here is to develop a way of doing business that retains customers and provides so high or unexpected value that a prospective customer will leave a modestly satisfactory relationship with another company to get it.
Commitment to world-class customer service and Customer Touch Strategies starts at the top of the company but must penetrate to every team member. You must examine and control each of the customer touch points. To the extent possible, they must be controlled to facilitate and enhance the customer’s experience in working with your company. Where to start is as individual as your company is to the next one. Here are some ideas to help.
Many companies, in an effort to keep costs down, spend minimally in customer service. The problem is that the cost of high quality customer service is tangible, but the cost of going the extra mile is intangible. What you can’t see doesn’t hurt, right? Wrong. While profitability is the consequence of high productivity and cost containment, real gains in profit growth over time is only achieved by focusing on attracting and retaining customers.
By working ON your business, growth almost becomes inevitable. The opportunity for Customer Touch Strategies exists in every company. Look carefully. If you like to take your business to the Next Level, we can help. Give us a call.
What You Will Need:
In their book, A Passion for Excellence, authors Tom Peters and Nancy Austin outline 22 characteristics of a customer-centric business. We think these are a good start. We are sure that you will come up with more.
The process of growing your business mandates that you continually improve your knowledge, skills and experience. The following list of resources is by no means all inclusive of what you need but do represent resources that have helped our firm get to the Next Level.
Related Articles:
Resources and Articles
Ready to take your business to the next level? Please e-mail or call us at (630) 665-4440.