So many businesses spend their time and resources continually chasing new customers in a bid to expand their company to enjoy increased sales and larger profits. But, this approach is not without its problems. Providing incentives to attract new customers to your business and entice them away from your competitors can leave your existing customers disgruntled. When new customers are offered the best prices and get the best deals, current customers have little incentive to remain loyal to your company.
Every business wants to grow its client base and enjoy the benefits of being a market leader, but striking a balance between maintaining customer loyalty and attracting new ones is essential for your business to be sustainable.
Constantly pursuing new customers can be an expensive exercise. When you factor in incentives, advertising costs, and the admin involved, chasing new clients is far more costly than retaining existing ones.
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While you may be keen to increase your market share and keep a step ahead of your competitors, this should never be at the expense of sacrificing your existing clients.
Spending time figuring out how you can provide your customers with the very best service is time well-spent. There are many ways to improve the customer experience that will help ensure your customers return to you time and again. Here are some ideas you could try to improve your customer retention and ensure every customer has a positive experience with your business:
Make Communication Simpler
A lack of communication is something many customers find frustrating, especially when they have an issue that needs to be resolved. Ensuring you communicate effectively with customers each time they contact your company will remedy this problem.
Trying to make contact with businesses and failing to have their calls answered, and receiving no response to emails is a problem customers often face and one that can lead to many complaints. In this situation, customers may resort to contacting you on social media and leaving poor reviews to try and seek a resolution to their issue. Providing methods for customers to contact you quickly and easily will alleviate this problem and ensure every customer receives the help they need promptly. Getting on board with modern solutions such as video chat for businesses will allow your customers to speak with one of your team promptly and provide a positive experience.
Listen to Feedback
Hearing feedback about your business is excellent when it is positive, but getting negative comments can be harder to handle. Although it is difficult to hear criticism, it can be a helpful way to improve your customer service. Asking for feedback from customers and then using this to make improvements can elevate your service and ensure your customers feel valued.
Train Your Staff
Perfecting the basics of good customer service is essential. Equipping your team with the skills and knowledge required to deliver the best service to every customer is vital. When every customer has a positive experience, retaining customers and attracting new ones happens organically.
Photo by Andrea Piacquadio