Skip to main content

Building Customer Trust and Loyalty

Customers are the reason why businesses exist. Without customers, there will be no business. That is why the adage that ‘customer is a king’ cannot be disputed. Building customer trust and loyalty is not only based on strong brand but the company’s promotional programmes and their customers’ treatment.
Both selling and influencing suffer from the similar misconception that success requires a company to aggressively or cleverly push a product or idea. This misunderstanding leads to inappropriate behaviours. For example, people can become evasive, aggressive, or overly talkative and agreeable.
Selling and influencing depends on getting behaviour right, by moderating openness and assertiveness with warmth and competence. Combined with a great product or brand, this goes a long way to building customer loyalty.
Knowledge of customers’ needs and appealing to customers’ emotions is a key factor in building trust and bond with customers. This trust is used to develop stronger bonds and greater profits in a virtuous circle. This requires delivering customers with a consistent experience each time they deal with your business.
Be clear about the value proposition; that is what you are offering your customers. Provide incentives for new customers to return and reorder for more products from your company. Reward loyalty for established customers. You see telecomm companies doing promotional offers from time to time to reward both new and old subscribers. This is a strategy that keeps their customer glued to their services thereby creating brand loyalty.
Be competitive – what seems like a good deal to you may not match your competitors. This is also more noticeable in the communication sector as they try to outsmart each other in both service delivery and promotional strategies.
Make the customer’s experience an easy and enjoyable as possible. People pay for convenience more than the satisfaction, for they experience the convenience first before the satisfaction, which is derived from convenience.
Reassure customers with a reliable service and product offer. Continuously improve the process, based on customer’s feedback. Have a consistent customer care unit that should have a listening ear to the needs, wants and worries of the customers. Deliver reliability by working with partners and investing in resources. With this, you will your customers as long as your business exist!

Comments

Popular posts from this blog

Future Trends and Techniques in Segmentation

Segmentation consists of group of buyers or a process of identifying groups of buyers who share similar set of need and wants.  It is the breakdown of the market for a particular product or service into segments of customers, which differs in terms of needs, wants, lifestyle, religion, income level, gender, buying process etc, and their response to marketing strategies. Today’s organisations need fresh thinking on how to operate and compete in the new economy characterised by hypercompetition, customization and digitalisation. An organisation cannot serve all the consumers in the entire market, the consumers are too many and are too diverse in their buying process.  An organisation therefore, needs to identify the market segment(s) it can best serve. Organisations been aware of these facts has been segmenting their products offerings to target a particular segment(s) of the market rather than using the old method of mass-marketing.  ...

Marketing Planning: doing it right

There is an adage that ‘he who fails to plan, plan to fail’. This statement is as true as tomorrow, because whether you like it or not, tomorrow must surely come – unless you are dead! Planning is the integral part of our daily activities. If you don’t plan your day before going out, no wonder you failed everyday! For marketers planning is an essential task that must be continually undertaken. As we will see, shifting market conditions, including changing customer needs, advance in technology and competitive threats, almost always insure that what worked in the past will not work in the future, thus requiring a new strategy on how a product is marketed. Marketing planning is also important since it is often a prerequisite for obtaining funding whether one is a marketer in a large corporation seeking additional money for his or her department or is part of a small start-up company looking for initial funding. The 21 st century business environment...

Where to get Ideas that will put Money into your pocket

Ideas it is said, rules the world. This statement is as true as the spoken words of God. Ideas put food on the table, ideas puts money in the pocket. Ideas sets one apart from the crowd. Ideas are vital ingredients that the soup of this world cannot do without. So where can you get ideas that will put money into your pocket? The first place to get good ideas is within you. You hear me right – within you is full of ideas that can make you one of the richest person the world has ever known. Lets look at it this way, when God created the world, did He created us with the cars we drive today? Okay, lets look at it another way, when God created us, did He created us with the light bulb we are using today? I am sure you are understanding yourself now. When God created us, did He created us with the computer? So if God did not created us with these things, where did they come from? They were all hidden within us. Some hundred years back, Henry Ford has an idea within him that he wants people ...