What is the return on investment for customer feedback? How does RFG Marketing go about gathering feedback? What if my customer base is small? How do you handle potentially sensitive issues? How can customer relations be turned into a competitive advantage? |
What is the return on investment for customer feedback? We can find out what issues may be causing customers to look elsewhere. By knowing this, there is a chance to address them before a customer moves on. Since you undoubtedly know what is costs to replace a customer, the dollar value of this information should be easy to calculate. Customers who are surveyed periodically, have been shown to be more loyal and profitable. Moreover, what you learn about current customers' needs can be used to win new customers. The dollar value of new customers and better tools to attract and keep them is the additional return on your customer feedback investment. |
How do we go about gathering feedback? Our first step is to make sure we ask the questions that matter most to your customers, your employees, and you. Our approach is different every time as each of our clients face a unique environment that changes over time. There are situations in which interviews are the best tool. Structured interviews can be valuable but only if they ask the right questions in the first place. Standard questionnaires ca be useful if delivered in a manner your customers can easily handle. We work with you, our customer, to figure out the best methods of obtaining the information that will lead you to a competitive advantage. It is also common to find different groups of customers with different needs. This could be based on their size, frequency of order, product classification, or industry. We have the tools to pull out any significant differences so you can act on them. |
What if my customer base is small? For small customer bases simple but structured interviews may be the better approach. They address what you need to know while giving your customers a chance to tell us what matters to them. You get the advantages of a survey combined with those of an interview. There are times when you will want feedback only from your largest customers. In a way, they are a smaller customer base. While you care about every one of your customers, this group may be one whose needs are unique. |
How do we handle sensitive issues? We understand the importance of handling customer inquiries gently. If there seems to be a particularly sensitive issue to be researched, we jointly decide the most tactful way to learn more. We will keep you informed of the hot buttons we encounter as the project goes forward. In general, customer satisfaction has two tiers. The first one is those elements that make a customer want to come back repeatedly. These are factors that will make them happy or what motivates a move to a competitor. The second set is made up of those elements customers view as "givens." They don't necessarily make customers happy but failure to deliver results in irritation. Let's make sure we have a good grasp of the hot button issues. |
How can customer relations be turned to a competitive advantage? The one thing your competitors can't copy is who you are. The aim of our process is making customer service and relationship management work well or even better for both you and your customer base. We have worked with companies with limited experience as well as those who have been in their respective businesses for years. |
What are the advantages of gathering feedback internally? Of course you talk to your customers and pay attention to the feedback they give you. However, there are advantages to having a "second pair of eyes" take a look at the process. Customer comment cards, surveys you send out yourself, and face-to-face- encounters have some limitations. Your customers know they are speaking directly to you and that colors their responses. Since we have no stake in what the research tells us, we will give you unbiased information. Since we work with a variety of companies, we can bring new ideas to the table. As a first step, we look at the questions you are asking as well as the format. Seemingly minor tweaks can improve the quality of information you have to act upon. |
