TNNWC ENTREPRENEURIAL PUBLICATIONS

TNNWC Publications And Informational Products Division publishes The National Networker (TNNWC) Weekly Newsletter and The BLUE TUESDAY Report especially for entrepreneurs and early-stage venturers; free weekly subscriptions to these informative publications are available online to all entrepreneurial Members of TNNWC.

Membership in TNNWC is free (it's automatic for any subscriber to any TNNWC Publication) and available at our website. When you arrive there, just click on any of the JOIN US or BECOME a MEMBER buttons or links.

Thursday, March 24, 2011

Best in Class | THE RETENTION FACTOR

Rosanne D'Ausilio, Ph.D.
The Retention Factor with Rosanne D'Ausilio, Ph.D.

  • Best in class? Industry average? Laggard?

  • Customer Service Priority

  • People Process Technology
As you know, customer service is the differentiating factor in today’s economy. Even in the negative economy we are currently in, customer experience is a high priority for consumers.

According to a Customer Experience Impact Report (Harris Interactive), 85% of customers will pay more to the company that provides them better customer service. Are you one of them?

At the same time, 82% of customers stopped doing business with a company because of bad customer service--up from 59% just four years ago—almost a 50% increase. Are you one of them?

The Aberdeen Group reports that of best in class companies:
91% provide customers the ability to track issues over the web 57% measure support center success across email, chat, web, and voice 62% use integrated voice response (IVR)

Are you one of these statistics?

Additionally of best in class adopters:
70% use customer feedback to make strategic decisions 50% of industry-average organizations do 20% of laggards do

Where are you? Best in class? Industry average? Laggard?

Have you made customer service a priority--not only in intention but in action as well?

This column is about retention so it’s important for you to know that 91% of unhappy customers will not willingly do business with your company again (White House Office of Consumer Affairs, Washington, DC).

Now we don’t want to give you a disease without a cure. We believe the cure lies on the people side. While we acknowledge good service is three-fold: people, process, and technology, I believe without the people it doesn’t work.

So a simple solution is to get the right people. Hire for attitude, and then teach aptitude.

Once hired, provide customized, highly interactive, in real time, world class training such that your people have the skills and the ammunition to deal with today’s customer-- who by the way is much more sophisticated than the customer of the past. And don’t do one shot deals. Provide ongoing training to keep morale up, motivate, inspire, and most important, acknowledge your people.

If a customer can handle their request, question, problem, or issue via self service 24/7, they don’t need to speak to a human. However, if they can’t get their needs met through a website, chat or text, then the contact is escalated to a human. By that time the customer is upset, sometimes enraged, sometimes fearful it’s their fault and so they become defensive and the person on the other end of the line needs to know how to handle that person respectfully and in such a way that they can move them to a productive interaction in a timely manner.

As always, your comments, feedback, questions, and suggestions are welcome.

For more information, please visit Rosanne's TNNWC Bio.


Powered By TNNWC Group

For complete tactical and strategic business planning, marketing, media, lead-generation, technological and capital resources, scalable solutions and tools to support every entrepreneurial start-up, young enterprise, small- to medium-sized business and emerging high-growth company, talk to The National Networker Companies™/ TNNWC Group, LLC.

We are a collaborative entrepreneurial, creative organization offering you hands-on, personalized assistance in every aspect of achieving your monetization, profitability and financial sustainability objectives, domestically and globally.

We don’t just coach you or offer you pre-packaged, push-button solutions – we listen to you, analyze your exact needs, and work within your budget to: 1) create your tool kit and 2) work as your partner to implement your plan by supporting you in the most efficient and productive use of every tool.

Visit our website, which is located at http://www.TNNWC.com .

To receive our newsletters, publications, information bulletins and alerts, simply join us as a Member. Membership is free and the benefits are unequalled anywhere.

Just go to our home page, and click on the “JOIN US” button.



Membership is FREE!The NATIONAL NETWORKER™The BLUE TUESDAY Report™The NATIONAL NEWSPICKER™LEFT, RIGHT and CENTER™Customer Experience PracticeSpecialized Financing & Credit EnhancementEmerging Enterprise Venture Capital Program™Merchant Payment Processing SolutionsNews Releases, Publicity and Public RelationsBUZZWORKS™ - Branding and Social Media DominationMarket Research, Surveys and PollsAssessment ToolsBLOGWORKS™ - Expand Your Search Engine Presence, Positioning and CredibilityAdvertise with Us!Selected Service ProvidersInternational Connections Service - Go GlobalIntelligence and Information OperationsInstant Mobile Communications & ApplicationsCooperative Business Community
Visit Our WEBSITE for more!http://www.TheNationalNetworker.com
Capital, Traffic Building, International Customers and unique SERVICES.
The National Networker Publications™ produced by TNNWC Group, LLC

Forward/Share This Article With Colleagues And Social Media:
Share/Save/Bookmark

No comments:

Blog Archive

BNI News Feed

The Emergence of The Relationship Economy

The Emergence of The Relationship Economy
The Emergence of the Relationship Economy features TNNWC Founder, Adam J. Kovitz as a contributing author and contains some of his early work on The Laws of Relationship Capital. The book is available in hardcopy and e-book formats. With a forward written by Doc Searls (of Cluetrain Manifesto fame), it is considered a "must read" for anyone responsible for the strategic direction of their business. If you would like to purchase your own copy, please click the image above.

Knowledge@Wharton













Site Credits:


Featured in Alltop
ALLTOP Business
News Wire. HOT.
Cool Javascript codes for websites
KeepandShare.com(R)  Fabulous Free Calendars

Create FREE graphics at FlamingText.com