customer retention | Customer Service Solutions, Inc. - Page 10

A Simple Phrase to Transform Your Customer Feedback Approach - 2/18/25


I went to a restaurant called Big Ed’s (no relation) in Raleigh, NC recently.  It’s basically country cooking with fantastic breakfast options!  On the menu there was a quote that said: If you enjoyed your meal, tell a friend.  If not, please tell us. That was an excellent statement that embodies Read more

What Phones and Football Have in Common - 2/11/25


Congratulations!  You made it through weeks/months of hype for football’s Super Bowl!  You made it through hundreds of pregame shows and podcasts, endless debates on things endlessly inconsequential, 10 hours of pre-game shows on Sunday, what seems like 100 commercials designed specifically for the “Big Game,” and the longest Read more

Create Awareness of Alternatives - 2/4/25


Sandy was hungry, and she was on the move.  Driving between meetings, she saw the restaurant sign and pulled in.  The fast-food restaurant had two drive-thru lanes.  One was for any customer who wanted to place an order on the spot. The other was for mobile orders only.  The Read more

Listen with Your Eyes - 1/28/25


Out of the corner of his eye, Patrick saw the customer enter the lobby.  The customer was carrying a large shoulder bag with several papers in her hand.  The customer was shuffling the papers and looking down; then she stopped, looked up, and saw the staff navigator sitting at Read more

When You’re the Educator, What Should You Teach? - 1/21/25


The best customer service professionals are also excellent educators.  Not only within the organization, but I’m talking specifically about the role they play as educator with their customers.  With all the self-service options that technology provides, customers often have the opportunity to do things on their own, to investigate Read more

Wrap It Up Right: Why Follow-Up Communications WOW Customers - 1/14/25


Dena had some questions about her water bill, so she looked for answers on the utility’s website.  She didn’t find specific answers, and she really didn’t want to get on the phone with somebody at the time and risk staying on hold.  She had lots going on, but she Read more

From Conversation to Connection: Defining Customer Engagement - 1/7/25


Maggie was sitting in the Service Excellence Training class, and the instructor kept talking about staying engaged with the customer.  Proactively engaging the customer.  Being fully engaged in the conversation. After hearing this same phrase (“engage”) used in various ways, Maggie raised her hand and asked a question probably several Read more

Self-empower for the New Year - 12/31/24


Jeff joined the company, in part, because he loved their approach to culture.  Leadership tried to create an empowerment culture.  They tried to develop an environment where, within certain parameters, individual team members could make a decision and feel confident that they would be supported by leadership. The reality was Read more

2024 Holiday Poem - 12/24/24


I sometimes hear it said That things have never been like this before. That challenges are unique, That stresses seem like more.   I sometimes hear it said That we're asked to do much more with less. That workloads are increasing, And we're resource-constrained at best.   And others often say That things are really very good. That they enjoy those Read more

Is Their Poor Planning Your Emergency? - 12/17/24


Have you ever heard the saying:  Your poor planning is not my emergency. I’ve heard it said often – not necessarily directly from one person to another.  More typical is that I hear it from the person having to drop everything and do something immediately because someone else didn’t think Read more

Don’t Turn Your Clients Into Prospects

Posted on in Business Advice, World of Customer Service Please leave a comment

Many years ago I was consulting with a client in the financial services industry. This credit card provider would send out literally 2-4 million marketing pieces at a time with the hopes of getting a fraction – under 3% – to respond. The client would then initiate a sales process with that 1-3% and hope to close a certain percentage of those. While I was helping them on the operational aspect of one area charged with this process, I couldn’t help to be awed by the waste…and the fact that they were using generic marketing messages on existing customers.

A customer is not a prospect, but this client was treating them like one.

In the world that we prefer to work in today – that of customer service, the patient experience, season ticket holder retention, and account growth – you view retention and growth as 1-on-1. You view it as me (the employee) knowing you (the customer) so personally, so specifically that I know how you prefer that I communicate with you. I know whether you’re thinking of staying or leaving for a competitor. I know whether you’re likely to be a good candidate for cross-sell/upsell, and I know the best way to do that. I know whether it’s okay to ask for a referral. And when you form your opinion of my organization, I know what are those main opinion-drivers.

Being successful in the customer service, client experience, customer retention world requires that you never start thinking of a client as a prospect. Once you do that, you give up the competitive advantage of having a deeper, more personal relationship with that client.

Don’t turn your clients into prospects.

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Retention-Driving Data (Know Your Numbers…and Your Customers)

Posted on in Business Advice, World of Customer Service Please leave a comment

Here’s a quick article on using data analytics for client retention (Analytics Boost Customer Retention for Ohio Mutual). Although I like the article because of its obvious retention-focus, some of the key nuggets relate to the metrics that Ohio Mutual utilizes including:

  • Retention/renewal rates (historically 87%)
  • Profitability of the renewal business (15%-20% higher than the profitability of new customers)
  • Identifying premium increase opportunities (upwards of $175 annually for some clients).

Does your organization have similar metrics? If not, just take a minute to think of how your strategies and decisions would be different if you knew retention rates, profitability of renewal v. new customers, and specific dollar increase opportunities with existing clients.

If you can’t afford a SAS solution, we’ve worked with many organizations on analyzing retention rates, at-risk profiling, retention and growth strategies, client exit interviews, etc. without using some high-end system. It’s not about the system. It’s about you, your customer, and the methodology to uncover retention opportunities and act on them.

Know your numbers to better target and achieve retention and growth with current customers.

For more information, check out: http://cssamerica.com/cssstrategy.htm


For BRE, Get Your Hands on the Plans

Posted on in Business Advice, Government Please leave a comment

If you deal with a customer base of businesses, you have a very specific opportunity not enjoyed by those whose customers are consumers. We’re talking about getting your hands on their plans.

As an example of this, go to this BRE Sample Surveys/Reports page, and click on “Raymond Terrace.” This includes a PDF document that provides the results of a Business Retention & Expansion (BRE) survey conducted by an economic development organization in Australia. On Pages 16-18, there are questions of local businesses asked about the companies’ business plans, succession plans, and marketing plans. It’s important for BRE professionals to know if these plans exist because that can be an indicator of potential company success or impending change – key pieces of intelligence if you’re trying to retain and grow your local businesses.

But even more important than knowing that these plans exist is for these BRE professionals get their hands on those plans. What do the plans tell you about a company’s Vision, strategic goals, anticipated changes, potential supplier needs, facility constraints, and perceptions of how much their future involves your community?

Anybody wanting to save and grow relationships with their business clients needs to think long-term. A sales mentality is often focused short-term, on getting a transaction closed. A service and retention mentality is focused on keeping who you have over time. And one of the best ways to put that long-term mindset in place is to best understand your business client’s long-term plans.

Get your hands on the plans.

For more helpful BRE information, go to http://brebuzz.com/


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