Tuesday, 25 August 2015

Business Tips: Measuring Customer Satisfaction

For most businesses, retaining existing customers is 
cheaper than acquiring new customers. Customers become repeat purchasers usually because they believe that the products or services they buy are good value for money and the service they receive when contacting the firm is at the very least satisfactory.
So the question is: how do you measure if the service a customer receives is of an acceptable standard?
With a limited budget there are a number of actions that a company can take to obtain data about how satisfied their customers are with the company's products and services. These include:
  Examining recent correspondence customers have sent to the company. What you are looking for here is the frequency with which certain topics are being raised and the language customers use in their correspondence:
Items relating to regulatory matters that are usually out of your control (but if they arise frequently it suggests there is a need to provide better communication on the subject and how limited one is to be able to influence it); items relating to policy decisions (which being under your control you may choose to change) or items relating to operating procedures (again which are under your control).
If they use a lot of emotive words then it reveals the depth of their concern with this matter.
If customers mention that they are writing/emailing because they have been unsuccessful in getting through to you on the telephone or in person, or that they have not yet had a reply to an earlier call or letter, then you can be fairly certain that these customers are not 'satisfied' with the service from your company.
  If you have a call centre, or have outsourced customer service to another company, then you should ask for statistics about the number of calls received, the topics and the frequency with which each of the topics are being raised. It is also worth finding out the average amount of time a customer spends talking with an agent and if this varies by topic.
  Contacting a random selection of customers and asking them what they think of the products and services they have bought, or to follow up on a recent call they may have had from a sales rep to find out how happy they were with the call and the matters discussed. If your business involves subscription purchases, then contacting a sample of customers who have not renewed their subscription to find out why may provide useful information.
  The internet can also provide access to useful information about not only your customers but also about customer opinions about the industry or profession in which your firm operates. You must check that any data is relatively up to date. There are many different sources available, ranging from blogs by individuals about the service they have received (or from employees about their working conditions) through to reports and other materials provided by individual companies, trade associations, etc.
  It is also possible to conduct your own surveys but it may be more cost efficient to outsource this to a market research agency. However, if you do decide to conduct your own survey then consider not only the content of the questionnaire but also its structure and design. In addition, do not underestimate how much time and effort will be involved not only in the pre-fieldwork stages but also afterwards when it comes to analysing and interpreting the date customers have provided.












I hope this helps your business be outstanding.
One more thing before you go...I would like you to do one important thing for me - spread the word about this article.
That is all - 
David

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