Customer Loyalty Playbook: 10 things you should do!

In a world where your competitors are just one click away, customer loyalty is a really important asset. Today’s customers have at their disposal an endless amount of information about your business, and research shows that they are ready to stop dating around and stick with a company that goes above and beyond fantastic customer experience. Discover here the 10 things you should do to create true customer loyalty!

In a world where your competitors are just one click away, customer loyalty is a really important asset. Today’s customers have at their disposal an endless amount of information about your business, and research shows that they are ready to stop dating around and stick with a company that goes above and beyond fantastic customer experience.

Start engaging with your customers one on one. Check on them, hear what they have to say, let them know that they matter to your business. To a truly engaged customer, you are the only business in your industry – the only choice they have. All the other brands don’t even come to their focus. Like someone in love. Loyal customer has eyes only for you!

People who are skilled at generating loyalty understand that loyalty must be earned. Therefore, the underlying process of every conversation or interaction that your company has with a customer or a potential one should be to create loyalty by strengthening your personal relationship with those customers. True customer loyalty means making the relationship more important than making the sale.

Building customer loyalty requires hard work and thoughtfulness, but it is under YOUR control, while so many aspects of the business are out of your control, such as exchange rates, international tension, technological changes etc. The single most important process, namely creating loyal customers, is in your own hands and you and only you is responsible in making customers loyal.

Creating such relationships requires both the right attitude and the right behaviors. Here’s some things you should do to excel in customer loyalty:

1. Make relationships your priority

Put the relationship first and treat it as more important than making a sale. We can assure you that customers will sense that you’ ve got their best interests at heart.

2. Get curious about people

People are drawn to the ones that demonstrate a true interest in them. Honest curiosity helps you understand how you can better help your customers, while at the same time it gives you the opportunity to learn new things about your business and make new connections.

3. Be consistent and reliable

People offer their loyalty to those whom they trust. Trust is not something that comes from day 1. Trust must be earned and most of the times it is difficult to earn it but it is worthwhile the effort. Customers decide whether to trust you based upon your day-to-day behavior. If your behavior is unpredictable they will shy away. If it is consistent over time, they’ll know you can be countered on.

4. Let yourself be vulnerable

Pretending to be a superhero just alienates people. Building a relationship requires discovering the areas where you and your customer can work best together. This can only be possible if you’ re willing to admit your weaknesses and limitations.

5. Keep an open mind

If you talk to customers and you are absolutely convinced that a specific customer needs your offering, the customer will sense you’ re close-minded and become close-minded in return. Behaviors and feelings tend to be transmittable during human relationships. Therefore, an open-mind helps the customer to be open in that relationship.

6. Be willing to recommend other companies

When you are open to the idea that customers might be also served from another company and therefore, suggest one, your customers will begin thinking of you as a trusted advisor and consultant rather than a cold salesperson trying to create numbers for the company.

7. Have real conversations

A customer interaction should result in a conversation and never sales call. Spend more time listening to the customer rather than talking to the customer.

8. Be a professional

Customers want to do business with individuals who are serious and professionals in what they do, and willing to take time to achieve a deep understanding of their product, their industry and how the customer’s business works.

9. Cultivate fearless integrity

You should never be afraid to take a stand, even when it’s not popular with your customers or your company’s culture. That does not mean starting unnecessary fights but it means to be willing to make decisions based upon what you know is right.  

10. Decide to make selling more fun

Building great relationships is not just good business, it is also great fun and it is based on an outstanding customer experience. Consider the following and you will understand why selling should be made more fun. Wouldn’t you rather spend time with people whom you like and feel good around them, rather than trying to manipulate people into buying stuff they don’t need?

The strongest the relationship between you and your customers, the stronger and long lasting your business will be. Creating enduring, loyal and human relationships with customers it’s the most prominent way to escape market elimination and climb even higher in the competition ladder.

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What about Customer Loyalty?

Customer Loyalty. Two single words yet one powerful asset for every business, regardless of its size and industry. Do you agree with me?  Keep reading to discover more about customer loyaltly!

Customer Loyalty. Two single words, yet one powerful asset for every business, regardless of its size and industry. Do you agree with me?

Customer loyalty can be seen as the result of consistently positive emotional experience, satisfaction and perceived value of a buying experience.

Consider who you are loyal to. I am sure that you will answer family and friends. Have you ever considered why? The answer is simple. Because of the emotional bond you have with them. Your family and friends might do things you don’t like, but still you stay loyal to them because of that bond. The same applies with customer loyalty. To excel in customer loyalty, you must build an emotional bond with your customers.

Another definition of customer loyalty focuses on the choice of consumers to use a particular business or buy a particular product/ service over and over, rather than use other businesses or products. As a result, it is widely seen as a key determinant of a firm’s profitability.

According to the above definition, customer loyalty can be differentiated between behavioral and attitudinal loyalty. Behavioral loyalty refers to customers buying exclusively or mostly only one brand. On the other hand, attitudinal loyalty is all about having an emotional attachment to a brand, liking it more than other, and even loving it. True loyalty requires both loyalty dimensions!

Why customer loyalty is so important?

Retaining customers is found to be less expensive than acquiring new ones. Customer experience management is the most cost-effective way to drive customer satisfaction, customer retention and customer loyalty.

Loyal customers will ensure sales, but they will also reduce costs associated with consumer education and marketing, especially when they become ambassadors of your brand and business. Moreover, a loyal customer base will generate more predictable sales, steady cash flow and improve profit stream.

Is there a correlation between customer satisfaction, customer value and customer loyalty?

Customer perceived value is the consumer’s overall assessment of the utility of product, based on perceptions of what is received and what is given. Better customer value as compared to what the competitors deliver will make customers feel satisfied and in turn will drive them to be loyal. Therefore, customer satisfaction almost always leads to customer loyalty.

According to Kotler, “a highly satisfied customer generally stays loyal longer, buys more as the company introduces new products and upgrade existing products, talk favorably about the company and its product, pay less attention to competing brands, and is less sensitive to price, offers product or service ideas to the company and costs less than new customers because transaction is routine”.

Last but not least, customer loyalty can be enhanced by creating an outstanding customer experience throughout the whole buying journey of your customers.

To conclude…

We have a question for you…. What does the butterfly customer need to become loyal? Is there anything crossing your mind?

Well, they need just one thing, to find you worthy of their trust.

Win loyalty, and profits will follow as night follows day!

Want to know how to create true customer loyalty? Read more:

Why you shouldn’t be afraid of negative reviews and how to deal with them!

Online reviews are vital for a business’s success. However, traditional logic dictates that good reviews equal more business, while bad ones’ drive customers away. Yet, when considering yourself as a consumer you may identify that bad reviews are actually beneficial! Keep reading to know more…

Online reviews are vital for a business’s success. However, traditional logic dictates that good reviews equal more business, while bad ones’ drive customers away.

Yet, when considering yourself as a consumer you may identify that bad reviews are actually beneficial for building integrity and credibility. Imagine that you are searching for a certain product and you find only good reviews. Wouldn’t you be skeptical? Wouldn’t you think that some of them are fake or that the business is most probably deleting the bad ones? Would you doubt the authenticity of the business?

There are 2 kinds of businesses in today’s world. Those you have received a negative review and those that will. At some point everyone will get a bad review.  Therefore, it is not the end of the world if your business gets a bad review. In fact, they might be beneficial as they can help you see the consumer’s viewpoint.

Furthermore, a negative review provides an opportunity for optimization and further discussion with an unhappy customer. This discussion is vital to your business as you have one more chance with an unhappy customer, before he/she leaves your business for good, to try and turn him into a happy one.  

How to deal with negative reviews:

  • Respond promptly and don’t get into an argument.
  • Be real and admit your mistakes.
  • Correct inaccuracies.
  • Write like a person, not a corporation. Empathize with the customer.
  • Take it offline.
  • Offer to make thing right.
  • Be consistent.
  • Follow up to check if the issue has been resolved and whether the customer is now happy.

Doing business in the digital world ideally leads to digital engagement. You shouldn’t be afraid of online reviews because they mean you have connected to a consumer. Therefore, each review, positive or negative, provides an opportunity – a chance to pat your team on the back for a job well done or to refine your strategies.

Your customers are online every day. They are looking for solutions to their problems and reviews help them with their buying decisions. Make it easy for them and in turn, they will reward you with their loyalty.  

Discover more about online customer reviews: 

How Important are Customer Reviews to Consumers?

Have you ever wondered how important are customer reviews to consumers? As it turns out, they are very important, and they also support consumer’s buying decisions! Are you interested in learning why customer reviews matter?

Have you ever wondered how important are customer reviews to consumers? As it turns out, they are very important, and they also support consumer’s buying decisions!

In fact:  

  • 90% of consumers read online reviews before visiting a business and
  • 88% of consumers trust online reviews as much as personal recommendations.

Enjoy this beautiful infographic that demonstrates the importance of online customer reviews to shoppers!

Importance of Customer Reviews to Consumers_Infographic

Source: invespro.com

It is evident, that customer reviews can create trust to your brand and can increase customer engagementThere are so many reasons why consumers want to stay informed through product reviews! Let’s dive into the most critical ones:

1.  Need for authenticity

When shopping online, it is not possible to physically see, touch and feel a certain product. Knowing the experience of other shoppers becomes of outmost importance as, shoppers want to know if other shoppers are buying this product, what others think of it and whether they will get what the company promised.

2. Need to know they are spending their money right

No one wants to waste money. Considering the number of brands that offer the same benefits, it is almost impossible to choose one and make sure that your money is being spent right. Access to reviews makes it much easier to judge the quality and authenticity of the product/ service on offer.

3. Help in making a quick purchase decision

These days there is so clutter in the market that deciding on buying anything can take a considerable amount of time and effort. The way to reduce this time and effort is through knowing what other consumers are buying, which products/ services are trending, which products or brands are genuine and whether they will provide everything they have promised.

Online shopping is probably one of the biggest game changers. Therefore, the need to have online customer reviews is rising and it is of great importance for every Business that wants to succeed in today’s competitive market.

 

Hey! You can discover more about online reviews in the following articles: 

 

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    7 Reasons Why Customer Reviews are Important

    Online reviews have created a new field of marketing and communication that bridges the gap between traditional word-of-mouth and a viral form of feedback that can influence consumer’s opinion. Do you know the exact reasons why customer reviews are important?

    Online reviews from customers have created a new field in marketing and communication that bridges the gap between traditional word-of-mouth and a viral form of feedback that can influence consumer’s opinion.

    Maybe you are already on board, collecting customer reviews about the level of the service you provide and responding to the valuable feedback of your customers, but let’s take a step back to enumerate some reasons that highlight the importance of getting customer reviews for your business.

    7 reasons why customer reviews are important!

    1) Better Understand your Customers & Improve Customer Service

    Analyzing reviews left by your customers, helps your company understand overall customer satisfaction, as they can provide your business with feedback regarding what your customers truly want.

    By using this insightful information as input, you will be able to improve customer service by quickly and efficiently resolve the issues that consumers faced, thereby creating a positive experience for the consumer and keeping your focus on their needs.

    2) Credibility & Social Proof

    No doubt, we are social creatures since the moment we come to this world and we are interested in knowing what other say before we make our buying decisions. Much like we would ask friends and family for recommendations, review sites allow us to do this online with just some clicks.

    3) Fight with experience to save margins

    Reviews enable new businesses to stand shoulder to shoulder with more established competition, and potentially gain a positive niche in people’s estimation and expectations. Look at it this way…which company would you rather buy from: one with 50 3-star reviews or one with 5 5-star reviews? Voila! You just took the discussion away from the discount and price!


       

      4) Allow Consumers to Have a Voice and Create Customer Loyalty

      Consumers that take the time to leave an online review for your business are far more likely to feel a certain loyalty to you and keep coming back. Through the act of leaving a review and establishing a relationship with your business, it allows consumers to feel like they have a voice even behind a desktop and/or mobile and/ or tablet screen and are able to provide feedback in a positive and meaningful way.

      5) Improve Rankings

      Reviews appear to be the most prominent ranking factor in local search. It helps businesses rank well, even if they have low quality link profiles.

      According to SEJ, “pages with reviews which mention a keyword and/or the name of a city, were found to have higher rankings in Google’s local pack. At a high level, having a keyword you are trying to rank for, and a mention of a city you are working to rank in, in reviews has a high correlation with high ranking Google My Business results”.

      6) Consumers are Doing your Marketing for You

      Positive online business reviews are worth a great deal and can offer your business benefits that a simple marketing campaign can’ t. In a nutshell, they are like micro – marketing campaigns that keep working long after the online review has been posted, providing, thus, a constant positive image to potential customers and creating a continual brand awareness that benefits the business for both the short and the long term.

      7) Reviews Generate More Reviews

      When a business has already received online reviews, it encourages other visitors to leave their own feedback. Just the appearance of several reviews seems to be enough to give new customers the incentive and confidence to submit their own opinion on a particular product or service.

      Online customer reviews are here to stay, and the longer you wait to start encouraging them, the more you stand lose. Online customer reviews appear to be a great avenue for grabbing consumer’s attention and increasing sales. The importance of customer reviews is tremendous as they are very helpful to a vast majority of consumers and they are also responsible for securing your online visibility in search rankings. Furthermore, as they increase in importance and more competitors are encouraging customer reviews, your involvement is only going to become even more necessary.

      Discover more about online customer reviews…