035 Sabotage is RIFE within YOUR business
Description
I'm more than a little concerned about the sabotage I'm witnessing every day in your business!
I'm not talking about the intentional damage caused by hooligans, or those who have a set agenda to ruin you. No, I'm talking about the unintentional damage being caused by you and everyone associated with your business by failing to spot the opportunities to create WOW moments for every client, customer, connection and supplier!
Today, we are uncovering the distinct lack of Customer Experience, and the need to appoint a VXO champion within your business!
Without customers you do not have a business; repeating custom is the backbone of most businesses. Repeating custom is either different customers buying the same product or the same customer buying the same product or the same customer buying different product offers in your business. For repeating custom: your business needs to develop and maintain good customer relationships and satisfy the needs of the customer, developing loyalty from your customers. Customers make it possible for businesses to exist and grow.
The cost of apathy
It is estimated that it costs five times more to win a new customer than it does to keep an existing customer. If your business does not look after your customers and they look elsewhere, it will not only cost your business five times as must to attract a replacement customer but your business has lost the lifetime value of the departing customer. Loss of customer focus is commercial suicide.
6 reasons why businesses lose customers:
- Losing Customer Focus. Not investing the time and money to hire and train efficient and professional service providers.
- Taking a One-Size-Fits-All Approach. Today’s customer base is far more complex and diverse with specific preferences and needs…
- Failing to Allow Front-Line Problem Resolution. Empowered to handle instances in which the traditional approach or policy does not work.
- Using a Situational Approach to Service. Offering customer incentives to stimulate short-term sales goals without tying it to a long-term effort to market products and services in a manner that will encourage continued customer loyalty.
- Forgetting to Measure Service Levels. You must regularly gauge how well your service initiatives are doing.
- Ignoring Your Service Providers. Give opportunities to be involved in decision-making and discussions about issues that impact them and their customers personally.
What is the Solution?
Businesses that focus on their customers consistently outperform their competition. Customers make it possible for businesses to exist and grow. Make your customer the centre of your business:
- Analyse your customers and understand their similarities and differences to segment them with care.
- Create offers that will develop a long-term relationship and satisfy the differing needs of each segment.
- Create opportunities to exchange information with your customer.
The core of not just customer focuses in business but in business. Is to understand we are all customers of each other. And to remain PEOPLE-centric, with an of service attitude, not selling yourself as a service. And to understand the customer and their expectations and consistently deliver an outstanding customer experience.
To learn more, visit our online client portal, and (after registering for free) access the WINNING TEAM resources within the QM Stores