- Tracking your customers’ expectations
can pay off in more ways than one.
By Alain J Roy
IN A SLUGGISH ECONOMY, CONSUMERS SPEND LESS AND LESS. This means your company’s
growth will have to come from: 1) retaining your existing customers, and 2) taking
business away from competitors. In order to accomplish these goals, your company’s
top priority should be to listen to what the customer has to say about his/her
intentions and expectations.
We all recognize that the driving force of long-term profitability is repeat
business from loyal customers. To be sure, offering a good product at a good
price at a good location is important, but the interaction between your front-line
employees and your customers is also a critical factor in helping to develop
or disrupt loyalty towards your company.
Although this may sound like a page from “Basics of Business Management” or “Marketing
101,” for most of us, this simple practice can be surprisingly complicated.
In order to attract, satisfy and retain customers, you must know what they need,
expect and perceive in every phase of each transaction—no easy task. We
know that “satisfied” customers are much less likely to remain true
to your company than those who are “totally satisfied.” Measuring
their level of satisfaction is as important as delighting them with your products
and services (exceeding their expectations). Knowing what brought them to you
(their initial expectations) is as important as knowing what they intend to do
after their visit (their reactions—will they recommend your establishment
to their friends?).
In short, when a profitable customer decides to leave your brand, you lose short-term
and long-term profits. You also lose the free word-of-mouth advertising that
a “totally satisfied” customer may provide, not to mention the frequent
visits and premium prices that such a customer is usually prepared to pay.
One solution lies in the phenomenal power of MindShare Technologies’ CONNECT
2.0. CONNECT 2.0 is far more than an efficient and affordable tool for monitoring
customer satisfaction: it is a unique customer feedback solution that allows
you to access, analyze, interpret and solve the customer-service challenge from
several angles.
CONNECT 2.0 can help you to investigate and visualize the following areas of
concern:
1) Customer Expectations - There must be a valuable reason to
explain why this customer elected to visit your place of business. Was it your
marketing campaign that attracted him/her? Was it the sign on the building? Was
it the great food/product/service, great staff, great prices, word-of-mouth,
out-and-out convenience—or was it an act of God?
2) Customer Perception/Satisfaction - Once the customer has
established a relationship with your company, it is fair to say that he/she perceives
your brand has something from which a certain level of satisfaction will be attained.
Now, did you meet or exceed his/her expectations? How will you know for certain
unless you’ve extended your customer an invitation to communicate with
your company?
3) Customer Intentions - Will they come again? Will they bring
their friends? Will they talk about their experience and if so, what will they
say? Answers to these questions are extremely valuable to your business. This
information will allow you to see what marketing strategies work, what products
or services are appealing (or unappealing), what the atmosphere communicates,
and what the employee-customer experience established (or failed to establish).
Whether the economy is weak or strong, your bottom line will always be greatly
impacted by the communication structure between customer and company. (See related
articles on this Web site.) It’s fair to say that few of us have any influence
or control over the economy. We can, however, influence the customer, which will
in turn influence the bottom line—which, after all, is our reason for doing
business.
Do everything in your power to discover what the customer has to say about his/her
expectations, levels of satisfaction and intentions—and then, act on that
valuable information.
Tools such as CONNECT 2.0 can be of great benefit, triggering instant improvement
in customer communications (employees/management), which in turn can trigger
improved engagement on the part of your front-line employees, in turn leading
to superior performance. The final results? Significant improvement in daily
operations, management duties, customer loyalty—and of course, increased
revenues!
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Mr. Alain J Roy has worked as an employee-customer relations consultant for
more than 20 years, helping business leaders to solve customer service, personnel
and operations problems. As a leader in the customer service field, Mr. Roy
has developed an effective approach which values the “intangibles” by
showing the true contributing factor between specific frontline personnel investments,
marketing expenditures and bottom-line results. In his upcoming book, The Employee
Accountability Factor, Mr. Roy redefines the all-important concept of face-to-face
employee-customer interaction.
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