Knowing how to gather and use customer feedback is what can eventually turn a small business into a multinational corporation, and there are statistics to prove it. Customer feedback can have the similar impact on the auxiliary services on college campuses as well. As we all know, loyal customers can grow a business much faster than regular sales or marketing can. It is because it’s 5 to 25 times more costly to acquire a new customer than to keep an already-existing one happy. Secondly, the no.1 source of new leads is customer referrals. And lastly, loyal customers purchase 90% more and spend 60% more than new customers.
While these statistics don’t mean that you shouldn’t be trying to get new customers, they do, however, reinforce that keeping your existing customers and students happy makes good business sense. And to do that, you will need to center your entire business strategy on customer feedback.
So, here is the most efficient way to build a long-term strategy around customer feedback.
https://www.touchwork.com/how-to-build-a-long-term-strategy-around-customer-feedback/
When you use the phrase “capturing the voice of the customer”, many immediately think you’re referencing a survey designed for direct feedback. But today there are more channels than ever for the customer to engage with brands. Although survey feedback can be nicely packaged and easy to digest, it’s important to make sure you’re listening to customers in all of the many ways they give feedback.
http://customerthink.com/heres-what-you-can-learn-from-even-the-craziest-customer-feedback/
Customer feedback is the best source we have for collecting the consumer insights we need to improve our businesses. Asking for feedback, analyzing it and implementing product/service fixes where necessary can make all the difference for building brand loyalty and achieving success.
In fact, the most successful businesses today take the thoughts and feelings of their customers seriously. It's been clear to me, offering my company's, Varidesk's, products through Amazon that that retail giant sets the standard. It gathers customer insights, data and feedback, then uses that information to drive innovation in operations.
https://www.entrepreneur.com/article/315805/
Are you getting the most out of your customer feedback? How can you ensure your feedback will transfer to solid actionable insights that make a difference to your business?
Here, I share some common mistakes I’ve seen companies do when collating and analyzing feedback, in my role as CEO for Thematic, and beyond. Make sure you’re not committing these faux pas. Once you’ve got the deep insights that are also accurate, they can transform your business strategy.
The biggest mistakes you don’t want to be doing:
http://customerthink.com/12-big-mistakes-when-collecting-and-analyzing-customer-feedback/
The old adage “the customer is always right” may frustrate some companies, but getting to the heart of the customer voice through robust data aggregation and analysis tools has never been easier. Social media has now given everyone a feedback channel that customer service organizations can harness to improve offerings and stay competitive.
Perficient recommends a solution that captures not only the customer voice but the employee voice as well. After all, large service-based organizations such as cable, telecom and satellite providers often distribute service to their own employees.
In addition, employees may hold valuable customer trends not evident in customer feedback surveys. A feedback environment should be created to welcome and reward constructive feedback. It is also critical the organization act quickly and efficiently on that feedback to implement positive change.
https://www.cuinsight.com/four-steps-to-successful-improvement-through-customer-feedback.html/
Customer engagement has evolved to encompass much more than enticing shoppers into your store with flashy signs and gimmicks to encourage them to spend more. In an increasingly omnichannel and mobile retail world, the potential for customer engagement has expanded to channels outside the four walls of your brick-and-mortar store. Pointofsale customer at checkout customer engagement
Digital channels like social media, your website and email marketing are ways you can connect with your customers even when they’re not right in front of you. In fact, 15 years ago consumers averaged just two touchpoints when buying an item. Today, the average is six. Although technology has helped increase the reach of your brand, it’s still up to you to deliver valuable content and a positive customer experience at every one of those touchpoints.
https://pointofsale.com/Loyalty-and-Rewards/Boost-Customer-Engagement-with-These-5-Tips.html/
Consumer tastes can change on a dime.
The attitudinal undercurrents can be mystifying, difficult to detect, alien to interpret, dangerous to place a sizable bet on, and visible only in retrospect.
Can research help marketers anticipate these shifts and get ahead of the curve to identify trends?
https://www.forbes.com/sites/paultalbot/2018/06/20/keeping-up-with-change-how-marketers-give-customers-what-they-want/
When you first start selling online, receiving negative customer feedback can feel like a real kick in the teeth. You’ve put in all the hard work to get the order out but have fallen short of your customer’s expectations and are now worried about your reputation, not to mention how it might affect your metrics.
With experience though, you start to realize that negative customer feedback is just part of selling online and shouldn’t be taken to heart. In fact, if you use it creatively, it can even present you with an opportunity to shine.
https://www.xsellco.com/resources/negative-customer-feedback-amazon-ebay/
Customer feedback has become increasingly important as time progressed. The days of customer complaints or praise remaining in-house are long gone. Thanks to the ubiquity of the web, it is easy for customers to make others aware of their experiences and opinions. In particular, customer feedback has become essential to managed services marketing. Take advantage of customer feedback and it will be that much easier to convince prospective clients to pay for your services.
http://mspbusinessinsights.com/customer-feedback-important-managed-services-marketing/
Many would say Toys R’ Us failed because of financial mismanagement and delusions of grandeur. That’s true.
But it also failed because it didn’t value the opinions of its customers. It didn’t listen to what customers wanted quickly enough, and by the time they acknowledged the problem, it was too late.
Customers needs and wants were evolving with technology. They wanted speed and accessibility online. They wanted great customer interactions and experiences in the stores, and they wanted an emotional connection to the brands they support.
https://medium.com/swlh/gather-customer-feedback-and-use-it-like-your-life-depended-on-it-8cfdf867b9a6/
Bookmarks on this page are managed by an admin user. 
