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Lets Make a Deal

Price sensitivity is increasing amongst consumers. they want the best price and they are willing to trade in convenience if it will keep dollars in their pockets.  This is a harsh reality that retailers must grab by the horns. Remaining idle is not an option in this lagging economy.  Consumers regardless of their income will seek out the most value for their hard earned dollars!  Shoppers perceived purchasing power has decreased, and as a result price sensitivity has increased.  With the growth of smartphones, tablets and other mobile computing devices, searching for and finding the best value is a practice that is now cemented in a consumers path to purchase.  This make a deal mentality can be met by retailers investing in their own mobile loyalty app.  An app is where marketing and customer service can come together by;

1)  meeting your customers changing needs

2) providing customers the ability to connect with you

3) provide a consistent experience, whether it is in store, online, phone or your app

4) being available to your customers on their schedules

An app is  very cost effective and gives the price sensitive customer a positive experience. By offering high value cash back in the form of loyalty rewards or other incentive based systems that add value perceived by the customer reflecting the interests of the business. Since the attitudes of the majority of consumers have changed to a more “deal seeking” variety,  it is essential that your customer feel valued.  Even Forbes magazine listed ist Business Essentials to include, a Website, a phone number, and a Mobile App.  Mobile Apps are the most current and easiest way to connect with people on an intimate basis.  A mobile message or push notification is opened 98.7% of the time, while an email gets an open rate of 20-25%.  The mobile market is far too big to ignore, so get your mobile strategy in place now!

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How to Increase your Company’s Customer Satisfaction Rate

The businesses that rank extremely high in customer satisfaction, implement a strategy called “implementation of intentions”.  This is “if then planning.”   For example if a business is late with the delivery of an item to its customer, it can offer a token gift to reset that customers internal clock.  Most customers are more sympathetic when a solution to their problem is trying to be reached, and therefore becomes more accommodating.  By being proactive many complaints could be avoided.  This approach also can be used if the circumstance is less then ideal for the customer; i.e. A salesperson must, especially in smaller retail environments, be able to assist their customers, helping them find sizes, staying past closing times… A sales person must always use good judgement in all customer interactions.

Sometimes the sales staff may have to be innovative, to show what lengths they are willing to go for their customer to have a satisfying experience.  By being attentive to a customers needs, staff should develop practices for meeting those needs.  If a customer is unable to find an item that the outlet usually stocks, then that customer should be contacted when those items are re stocked.  The customer now feels his needs have been acknowledged, and is pleased with the service he has received.

There are no shortcuts to anyplace worth going.  Companies that seize their opportunity to deliver outstanding customer service will likely earn customers for life.  If a business is just as concerned about the next transaction, as it is with the current one, they are likely on the right track.

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