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How to Turn Your First Time Customers into Repeat Customers?

Editor's Note: Take a look at our featured best practice, Organization Design Toolkit (103-slide PowerPoint presentation). Recent McKinsey research surveyed a large set of global executives and suggests that many companies, these days, are in a nearly permanent state of organizational flux. A rise in efforts in Organizational Design is attributed to the accelerating pace of structural change generated by market [read more]

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santa_wants_youIt always takes more to retain customers than to create new in a highly competitive marketplace. With the growing customer awareness and their increasing demands, it is highly important for the business owners to provide high levels of customer satisfaction. Customer satisfaction is a simply a measure of a particular product or service’s ability to meet or exceed the buyer’s expectations. In several studies and analysis, it has been shown clearly that customer satisfaction is the only key to create a loyal customer base and retain them. Given below are a few ways how you can create your first time customers into loyal customers and increase the market value of your business.

Work With The Right People

It is highly essential for a business organization to hire the right people with the right skills to cater to their customers. The customers are literally the life blood of the business and an unskilled employee can make the customer highly dissatisfied. Make sure your employees not only possess the qualifications to do the required job but are also experienced to deal with the customers who are often highly demanding.

Listen To The Customer’s Needs

It is highly essential for a company to listen and understand the customer’s needs to provide them with the best product or services. It is the customer’s demand that creates business opportunities in the first place. Thus, it is important for the business to design their products and services which provides a fitting solution to the customer’s product or service for the best results.

Distinguish Your Product Or Service From The Competitors

It is highly essential for the business to provide a unique product or service to the customers to retain their interest. The marketplace is highly dynamic in nature and the customer’s demands can change in an instant. Keeping your brand distinguished from your competitors is highly essential to create an iconic standing in the market and maintain the customer’s loyalty.

Figuring out your product?  See The Complete Guide to Product Adoption, a discussion of various product adoption and product strategy frameworks, from the Product Life Cycle to the McKinsey Customer Decision Journey.

Post-Sales Service

It is common for customers to experience problems with the products or services they have bought. It is highly important for the companies to keep up with the customer’s feedbacks and queries and resolve their problems as quickly as possible. When a product fails to meet the customer’s expectations the organizations must make sure to take note and resolve the customer’s problem in an efficient and prompt manner.

Keeping In Touch With The Customers

Customer loyalty is vital for the success of any business and business owners must take proper measures to keep in touch with the customers after they’ve used your products and services. Feedback provide important data for the businesses to maintain the quality of their services. Special offers and birthday discounts can not only make the customer feel more special, but will maintain customer loyalty and increase a company’s market value.

Review Your Business Regularly

Are your employees and representatives treating your customers nicely? It is an important part of every business owner’s workflow to keep a close eye on how their employees deal with their customer. Put yourself in the customer’s shoes before creating a workflow. A mistreated customer due to a non-sympathetic response to his problem can result in customer dissatisfaction and hamper your goodwill.

Thanking The Customer  For Choosing Your Services

It is highly important for the business to be grateful to the customer to choose your product or service from the several available options in a competitive marketplace. A thank you after the customer buys your product or service makes the customer feel special and gain more trust in your services. Business owners must ensure that their representatives greet the customers in a gentle manner and appreciate their choice and trust in your products or services.

Customer Service is critical for any organization.  Learn how to Deliver Service Excellence in this instructional guide from Operational Excellence Consulting.

Customer satisfaction is one of the prime goals of a business to achieve the maximum amounts of profits and increase the value of their organization in the market. Due to the highly dynamic nature of the market and the changing trends, it is important for the businesses and services providers to maintain high levels of customer satisfaction to keep up with their competitors.

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The Business Case is an instrumental tool in both justifying a project (requiring a capital budgeting decision), as well as measuring the project's success. The Business Case model typically takes the form of an Excel spreadsheet and quantifies the financial components of the project, [read more]

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About Luke Peters

Luke Peters is an avid reader of books and other literature related to finance, law, marketing and lifestyle. He is also the content contributor for several websites that provide RTB Advertising for Financial Services Companies and provide information on the said topics.

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