The Foundational Big Three to Acquiring and Keeping Customers

Wednesday, June 9th, 2010

Trust, Credibility, and Rapport. Customers don’t care if you have the best technology, have the best location, or hang out with movie stars. You won’t survive if your foundation is weak. If a customer catches you lying just once they question everything you say in the future. If your advice is out of date, they ask your competitor. If you just don’t quite gel with them and talk their language, they rather not spend time with you. Establish trust, credibility, and rapport to create your network of great customers.

Over the past two weeks while attending the MFSA(Mail & Fulfillment Services Association) and IPMA(In –Plant Printing & Mailing) Annual Conferences I noticed sessions were focused more on customer relations and less on technology. Keynote speaker, John Foley, President of InterlinkOne, presented at the MFSA Conference in Charleston, SC and stressed the importance of social networking to share knowledge, help others, and stay connected. John is successful because he lives by the three foundational principles of trust, credibility, and rapport. Next stop was IPMA’s annual conference in Albuquerque, NM where the keynote, Bill Farquaharson, President of Aspire, explained why customer loyalty isn’t dead, unless you do it to yourself. He stressed the importance of you showing customers how much YOU care. Show them the love!

Yes, you are only as good as their last experience with you, but build up an “emotional bank account” or reserve with your customers. You make a deposit in this emotional bank account every time you go the extra mile, give great advice, connect with a customer in special ways, or whenever they feel unique and special. You withdraw from your account every time you stretch the truth, miss commitments, give poor advice, have awkward communications, or ask them to jump through hoops.

Trust:
Trust involves your honesty and integrity. Trust takes much time to earn and little time to lose. Just ask Tiger Woods. Compare Tiger Woods to John Wooden. Both sports super stars, yet in my opinion, complete opposites. Today while flying back from IPMA I am reading all the John Wooden testimonials and stories in USA Today. During his 99 years with us he touched so many lives in special ways. Tiger is incredible to watch on the course, but John Wooden had such integrity and honor. What a remarkable person. What an emotional bank account he established with so many! What are you doing to build trust? Are you ALWAYS honest with your customers and employees, leading by example under ALL instances, both personal and in business. Trust goes a long way toward building that emotional bank account. Sounds simple, yet how many of us are challenged to remain trustworthy when under stress to perform? Don’t waiver on this core principle. Stay strong!
How can you build trust?
* If you mess up, claim it.
* Always explain facts and don’t stretch it
* Respect confidentiality under all conditions
* Don’t gossip or others will wonder if you will gossip about them

Credibility:
Credibility is a proficiency issue or how good you are. This involves being proficient at your craft, is measured through performance, and expressed by the company you keep. Pick your friends wisely and do things right. Know your customer’s business or industry to help add credibility and be more helpful. Roll out services and products only after you perfect them or have piloted first. Tell the guinea pigs that they are just that. Show honesty and set expectations upfront. Credibility is conveyed to customers by offering great advice, and delivering quality products and service. How can you drive credibility with your customers?
* Continue to learn. Never stop.
* Invest in education and show them what you are doing.
* Hang out with people who are credible
* Offer advice in areas you are proficient.
* Get to know your customer’s business and internal processes

Rapport:
This is extremely challenging and what is called the soft stuff. You want customers to like you and want to be around you. Most know what trustworthiness is and how to be credible, but rapport building doesn’t come natural to most. Rapport is how you connect with your customers and communicate on their wave length. Style flexing is changing your communication style to meet the needs of each customer. Not easy. Don’t show sensitivity toward George Steinbrenner when the Yankees are losing, or don’t get right down to business with Woody Allen. What can you do to build rapport with customers?
* Get good at style flexing. Practice.
* Get good at reading people and adjusting your communication style
* Change your mindset from one of “customers just need to get to know me better” to “I need to know how my customer is wired to be effective”.
* If you can’t style flex, then pick customers who appreciate your one size fits all
mentality.
* Don’t expect customers to change their communication style to fit yours.
* Get psyched about your customer’s business and get personal.

In summary, deliberately watch your emotional bank account with customers. You must earn their trust, prove you know your stuff, and be someone they connect with. Get all three in line and everything else falls into place. Don’t forget the best way to monitor these foundational principles is to ask customers through an effective, ongoing survey process.

Yeh, but what about survey burnout? We get so many.

Tuesday, January 26th, 2010

Recently there was a discussion between business owners who were concerned with surveying their customers and causing a negative reaction. They shared how much they hate getting surveys. In a Business to Consumer relationship many times we get pounded with surveys and get numb to them hitting “delete” as quick as we can. But, I would warn you not to generalize. Know thy customer!

Depends on the relationship one has with the specific supplier, how important that supplier is to their business, how long the survey it, and most importantly if the company responses quickly the first time the customer shares their thoughts. If I have a good ongoing relationship with the supplier as a partner, they are important to my well being, the survey is short and covers points most interesting to me and not you, and the company responds quickly maybe even call me, then I feel it is a way to get things changed and get a reaction. I will fill out surveys for them.

Example, if I have a partnership type relationship with my printer, rely on them to perform to drive marketing efforts, the survey takes a minute, and they call to discuss, then I DO NOT get survey burn-out.

If you are just another printer, who puts out average work with no skin in my game, the survey doesn’t respect my time, and you do nothing when I gave feedback of any kind in the past, then I hate to get your survey, wouldn’t take it, and WOULD get survey burnt out quickly. I would be burnt out the first time I got a survey and maybe even use it as an excuse to stop using you because I was thinking of moving on anyway and needed a reason.

We get so many surveys, but the ones I take are the ones where I respect their business, enjoy working with them, they know me, or I know they will do something with my information.

I would argue that burnout is an indication that the supplier is missing something in their relationship with the customer or they lack an understanding of how frequently to go to the well for feedback or how to approach customers for feedback.

Survey Advantage & printLEADER enter into strategic partnership

Wednesday, September 9th, 2009

Jamestown, RI– September 9, 2009 – Survey Advantage Inc, announced today a partnership with printLEADER, the developer of commercial printer MIS solutions. printLEADER users now have the ability to generate referrals, identify areas to expand client share, and preserve recurring revenues through continuous customer feedback and reporting. By developing the necessary functionality printLEADER has enabled customers to implement the Survey Advantage Printer CustomerPulse™ program. On-line reports are delivered daily with sales leads, performance indicators, and printer customer loyalty benchmarks.

 

Survey Advantage’s services enables printers to keep a “thumb on the pulse” of each print buyer, and alert management when a print buyer is dissatisfied, is open to discussing other opportunities, or shares a referral. printLEADER offers a full suite of integrated print MIS modules for the commercial printing industry and is considered one of the premiere vendors of print MIS in North America. Survey Advantage focuses on the printing industry and their products give printers and graphics communications businesses a complete customer feedback process. CustomerPulse™ streamlines the entire process.

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Survey Advantage rolls out on-demand training to meet executives busy schedule

Friday, August 14th, 2009

Survey Advantage now is offering busy managers the ability to view recorded trainings focused on customer retention, client share expansion, and referral generation, on-demand.  Many times managers and business owners are unable to make the specific days and times of our webinars due to their busy schedule. 

 

We have released several 7 to 8 minute, recorded trainings to explain how to survey using different printer MIS installations; PrintSmith, Printer’s Plan, Technique, Enterprise Print Management Solutions, Printer’s Plus, and a session on how to survey using all other MIS installations.   To view the on-demand library and select your specific printer MIS, visit www.surveyadvantage.com/printers.

 

 

We are planning to release several new trainings in the future focused on our other verticals; marine services, association research, business services, parking facility feedback, manufacturing, education, finance, and healthcare.

Survey Advantage to share knowledge at Print ‘09

Monday, July 27th, 2009

Print ‘09, the largest printing show in North America, will be in Chicago from September 11-16th.   Survey Advantage president Michael Casey has been asked to lead a presentation on Monday, September 14th from 2:15PM to 4:00PM.   Please read the overview below or visit www.myprint09.com for more details.  

 

Topic: Creating and managing a customer retention strategy

 

On average 5% of a printer’s revenue is directed to the marketing budget to capture new customers through tradeshows, advertising, and get your name recognized on the cluttered field of printers.  Printer’s with an effective, deliberate customer retention strategy benefit from lower marketing expenses through higher client share and customer referrals.  Rarely does a printer lose an account completely, but many will lose client share if they don’t have an effective early warning system in place when a specific job goes out with a problem.  This session will discuss ways printers have implemented programs to retain customers by driving loyalty, proactively gathering print job feedback, customizing services, and making their customers feel unique and special.  Multiple studies have proven how much more profitable it is to grow revenues with existing accounts versus pursuing new accounts.  Retaining customers is the best way to keep your business healthy, reduce marketing budgets, and drive referrals to your door.

 

What you will learn
• Effective customer retention strategies
• Printer loyalty programs
• Printer referral programs
• Printer loyalty benchmarks to shoot for
• The importance of surveys
• Best practice survey techniques
• Low cost customer feedback process
• Customer service processes to consider

 

Presentation for Executive Management, Owners, Customer Service Directors and Managers, Sales and Marketing Directors and Managers

Survey Advantage & Technique Group enter into strategic partnership

Monday, June 22nd, 2009

Jamestown, RI– June 19, 2009 – Survey Advantage Inc, announced today a partnership with Technique Group, the developer of commercial printer MIS solutions. Technique users now have the ability to generate referrals, identify areas to expand client share, and preserve recurring revenues through continuous customer feedback and reporting. By developing the necessary tools Technique has enabled customers to work closely with Survey Advantage to implement the CustomerPulse™ program. On-line reports are delivered daily to deliver leads, monitor performance over time, and benchmark with the industry.

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What response rate should I expect from my surveys?

Wednesday, June 17th, 2009

Associations, corporations, non-profits, small business owners always ask this question.  It is a loaded question, but here are a few things to consider.  Response rates can vary from <10% to >80% depending on a lot of things and how you approach the study.
 
1) Topic is very important.  How important is it to them to share their brain and heart??  Get inside their head and know their appetite for the topic you are throwing at them. 
 
2) Positioning is important.  You must sell the idea to participate.  I am not saying with incentives, but tell them why it is important TO THEM. 
 
3) Know your audience.  If your members are really engaged with you, you share lessons learned from previous surveys, then you have a great foundation for high response rates.  
 
4) If you don’t send out a survey a week to members then you have a good foundation.  Surveys should have meaning and pick your battles when asking members for help.
 
5) Try to keep them short whenever possible and tell them that.  “This is a five question survey that will only take 2 minutes”.  That will get better response then “This is a 125 question survey that will take you what feels like forever”. 
 
6) Think about each question before you send it to them.  Wording, clarity of purpose, understanding what information you want back and what format should be taken into account.
 
These all may seem obvious, but it is amazing how many surveys I get that start asking my gender, marital status, and income when frankly there is nothing in it for me, it is wasting my time, and I wonder what they plan to do with that information to get at me!   I just received a birthday card last week for a trip to the Virgin Islands.  It was my birthday the week before and that scared the *&*() out of me because they don’t know me, I don’t know them, it was a scam mailer, and I wonder what else they know about me.   Be relevant and respect your audience.

ABBRA posts Boatyard Customer Satisfaction report on ABBRA.org website

Monday, June 1st, 2009

Today ABBRA posted how to obtain copies of the ABBRA Boatyard Customer Satisfaction Benchmark report.  This report was created by Survey Advantage in cooperation with ABBRA.  Customer Satisfaction for facility quality, boatyard service and customer service were benchmarked from boater survey results collected in cooperation with ABBRA members using ABBRA CustomerPulse(TM) and ABBRA HealthCheck(TM), two programs managed by Survey Advantage to help boatyards stay connected with customers.   To read the general summary and learn how to obtain your own copy of the benchmark report please visit   http://www.abbra.org/customer-service-index.

Membership retention starts way before renewal letters

Friday, May 29th, 2009

Without getting long winded on this issue, membership retention communications starts with truly understanding their opinion on a regular basis rather than when renewals go out. I may be biased toward the survey model, but I have seen this as very effective if resources are dedicated to watching for those answering neutral or negative on questions relating to future action such as rejoining, recommending, or overall value of the association. This can be done on your typical annual assessment, but it isn’t timely.  Short, 5 question surveys delivered after transactions, events, or any experience can uncover their feeling about the association at that moment. Why not address a membership need 6 months before renewal or right after a horrible experience so you can make it right immediately? Response time on issues is what helps retention, plus understanding what the expectations are and delivering on them.

 

Associations that understand membership needs and then hone their offerings to fit like a glove have the highest retention rates.  Not rocket science, but just throwing stuff out there without assessing the value is a mistake.

 

 

I am probably stating the obvious, but hopefully it helps someone.     Back to the coffee.     Take care,

Automate the referral collection process

Wednesday, May 20th, 2009

Many of us are timid to ask our most loyal customers for referrals.  We feel uncomfortable asking or don’t want to alienate an already loyal customer.  Sometimes we feel the loyalty may go down by being direct and asking the question “Do you know someone we could help as we help you?” 

 

A more subtle way to capture referrals is to tie the request for referrals into a customer feedback survey.  The way it works is that you send a customer a very short five question survey after your complete a job, complete a service, or ship a product.  One of the questions asks the ultimate question “How likely are you to recommend us to a colleague, friend, or family member?”  For all customers who click “Very Likely”,  you now know they are loyal, love you, are passionate about what you do for them, and are the customers most likely to recommend you.  They have self qualified themselves!  At that point when they click submit on the survey you direct them to a landing page to highlight your referral program along with any gift you want to offer.  It is that simple.  I have seen up to 5% of those filling out the survey offering referrals to help their supplier or vendor.  What an opportunity!   Just don’t forget to call them or thank them for the referral.  It is only common courtesy and it will feed the referral process.  

 

Just last week a small printer closed a $1,000 initial order with a referral by using this process and the newly acquired customer appears to be ready to give them future orders for other printing needs.  This process isn’t just for printers, but can work with insurance agencies, any service organization or business that relies on referrals to grow and prosper. 

 

So, don’t leave your loyal customers just buying from you.  Engage them in the selling process and expand your selling force.