Developing Customer Retention Strategies

September 2nd, 2010 Filed under: Customer Service Tips — Customer Service Author

Looking for new customers is quite expensive when compared to maintaining the old ones. Customer loyalty is very important in any business. If your business wants to grow in the future it has to provide quality customer management and effective strategies to realize all these goals.

There are a lot of customer retention strategies that can be applied in a business but the most important and the first that every company should do is to understand and know first their clients including their expectations, satisfaction, geographic location, likes and dislikes. If companies are able to understand their customers they may also decrease the tendency to have rivalries and increase the customer loyalty rates.

One strategy that is effective is using client surveys because they provide an easy way to find problems in the services and products provided by the company. Some common problems include lack of proper service and high price of products and services. It is necessary to analyze these customer surveys in order to understand customers who are not satisfied with the services and products offered by the company. Understanding will enable you to apply preventive actions to prevent or at least resolve these problems.

If companies are able to identify their clients who are thinking about shopping somewhere else then they are also in the position to be able to implement actions in order to prevent the customers leaving. Some ways to do this include analyzing customer segments, developing customer profiles, and building models that will predict the possible problems that may arise.

Analyzing customer segments includes their geographic, demographic, and other factors relating to them. This method uses analytical tools that will identify the number of the customers and amount of sales that the business has. Developing customer profiles, on the other hand, will not only reveal customer segments but it will also reveal the reasons why customers are leaving the business. Gathering customer information is really a challenging task and using analytical tools can also help to identify customers who have a problem with the company’s products or services. Developing a model that will predict the number of customers who are dissatisfied with the company is quite an eye-opener as well.

Customer retention strategies are very helpful in the business. The most important strategy is to know and understand your customers. The better you know your customers, the less likely they are to leave and shop somewhere else.

Mr. Wallace has spent a lot of time in and out of the classroom thinking about ways to keep customers coming back for more. He believes that companies need to put more emphasis on their customer retention strategies if they want to have higher loyalty rates. He also thinks that more companies need to invest in customer service tracking technology so they can at least know how they are doing on the client service front.

Outsource Your Call Center The Right Way

August 30th, 2010 Filed under: Customer Service Tips — Customer Service Author

In a difficult economy and a global marketplace, many corporations are looking at ways they can cut overhead without compromising their level of service or causing too much pain for their clients. One common way of achieving those goals is to outsource call centers to do much of the support work.
Global Response’s niche is outsourced support. Their services include, among others:

· Brand care
· Quality assurance
· Tech support
· Account management
· Data and document processing
· Call center support
· Fulfillment (picking, packing, inventory, warehousing, shipping)
· Recruitment and training
· Email and live chat support

Global Response boasts an impressive client base, including Puma, JC Penney, Vera Wang, Anthropologie, National Geographic, Toyota, Crate & Barrel, Blue Cross/Blue Shield, Toyota, American Eagle and many others.
The site itself is easy to navigate, clearly-worded and features photos of many of Global Response’s actual team members (rather than models or stock photos), giving the company’s image a personalized touch. The personalized aspect is enhanced by a lengthy section on Global Response’s culture, discussing the company’s management style, policies, procedures and work environment. Considering that support, customer care and brand care are focused on one-on-one dealings between customers and care specialists, it’s good to know the caliber of people who will be dealing with your customers.

The “Why Global Response” section gives some real-world examples of how the company’s services can be a custom-fit solution for customers’ problems. Considerable space is also devoted to recruiting criteria, training (including continual, ongoing training) and the “emotional IQ” that recruiters are looking for in their applicants.

Inbound Sales, live chat, fulfillment, loyalty programs, consumer affairs, email response, internet marketing, and “level-X” technical support are all given their own separate pages, each with a complete breakdown of services and a photo of one actual Global Response team member. There’s also an About Us section and an application form for people who might be interested in a career after perusing the site.

In a field where many company’s websites are hopelessly bogged down in jargon and industry-speak, Global Response’s site is clear, direct and friendly in its tone. They do a good job of getting GR across as a company you’d like to do business with (or even get a job with).