Thursday, February 27, 2014

5 Tips to Keep Customers Coming Back For More

Creating a large pool of loyal customers is extremely important to the sustainability of a business.  Having loyal customers allows you to up-sell your products at a more successful rate.  Great products and excellent customer service are key to creating loyal customers.  No matter what industry you are in, issues always arise; it is how you deal with these issues that can really make or break your relationship with your customers.  Customers want to find that one brand they can really trust.  Once that trust is built, they’ll continue to come back for more!  Check out these 5 tips on building customer loyalty for your business:

Fine-tune Your Product: This might seem obvious, however, it is extremely important to make sure you work out every possible kink in your product or service.  Planning ahead for any possible issues that might arise is also important.  Customers want to know that they can trust you to deliver on your promises.  A positive experience with your business will keep them coming back! 

Speedy Response: As we all know, nothing is perfect.  Issues come up whether we like it or not.  However, it is how we deal with these issues that really matters.  When dealing with customers, listening to their concerns is very important.  Take the time to make sure you really understand the issue of your customer; this even may require restating the problem at hand multiple times to make sure everyone is on the same page.  Once you really understand, deal with the issue in a timely fashion.  Customers are impatient and do not enjoy waiting.   In addition, check social media constantly!  Customers are turning to social media to complain about problems.  Follow up immediately with anyone complaining about your product via social media.  Reaching out in this manner will also add a personal touch to the interaction, making the customer feel special.

Interactive Touch Points: From sales to training to implementation to providing customer service, there are many different touch points with a customer.  Break down each point of interaction and find ways to fine-tune them.  Create a plan to make sure that each of these touch points are strong and practically fool proof!  This will give the customer a sense of consistent service, which is extremely important in terms of building trust.  A negative experience at one single touch point can ruin the overall experience for the customer, regardless of how positive the experiences at other touch points may have been.

Focus On the Journey: Once you have worked on fine-tuning each point of interaction, take a step back and look at the big picture.  Focus on the overall journey of the customer and see if there is anything that can be done to make the entire experience, as a whole, better for the customer.  This may include adding or removing a step in the journey or even reorganizing the flow of interactions.  See what can be done to make the entire experience great!

Feedback: The most important step in keeping loyal customers is asking for feedback, both on your product and in customer service.  This gives you the opportunity to see how things can be improved from an outside perspective.  When changes are made based on feedback, customers feel as though they are being listened to and have a say in what is going on.  Even being able to simply contribute feedback is a nice personal touch.


Now, take a step back and see how you can improve your business process to increase customer loyalty!

Tuesday, February 25, 2014

How Millennial Are You?


As Millennials continue to become a hot topic of discussion, you may ask yourself if you fall into the category of being a Millennial. Pew Research Center created an online survey to help you identify your generation. The 15 part questionnaire prompts questions ranging from how frequently you text to if you have a tattoo or not.  Take it here


If this survey doesn’t cut it for you, here are some more statistics that will help you accurately categorize yourself.

How often do you drive?  Millennials drive about a quarter less than their counterparts did eight years ago.

How many phones do you have?  41% of Millennials aren’t connected to a landline.

Use an alarm clock?  83% of Millennials sleep next to their mobile devices.

How badly do you want to own a house?  18% of Millennials say owning a house is a very important life step.

Married?  A fifth of Millenials in their 20’s are married, compared to roughly half of the boomer population at the same age.

Do you commonly bring a lunch into work?  Millennials are the driving force behind the growing fast food sub industry.

Dine out often?  Millennials dine out 20% less than their peers did five years ago.

Thursday, February 20, 2014

Infographic: Shocking Employee Engagement Statistics


An interesting infographic by Officevibe captures popular misconceptions regarding employee engagement in the workplace. It stresses the importance of having committed employees and the overall impact they have on the success of the company. 

http://cdn2.business2community.com/wp-content/uploads/2014/02/10-shocking-statistics-about-employee-engagement_52e82c76b45cb_w1500.jpg



We can see that many employees quit because they don’t like their boss, while only a fourth of managers try to engage their employees. Surprisingly, 90% of bosses agree that engaging employees is crucial to the company’s success. As long as this gap exists, companies will suffer from a brain drain of their most talented and motivated employees. With the knowledge that 87% of employees are less likely to leave if they are happy with their organization, the time is right for companies to focus on creating innovative employee engagement strategies that include feedback mechanisms and communications tactics that clearly articulate the company’s strategic goals.