Sunday, November 27, 2016

By Ann Turner


The days when certain big businesses dominated the market are long gone. These days competition is fierce and companies have to woo their customers. They have options, and if they are not happy with the service they receive from one company they simply move their business to another company. Businesses therefore have to keep their existing clients satisfied, but this is easier said than done. With a comprehensive strategy for client relationship management NY corporations try to keep their customers content.

Satisfied customers offer many benefits. Not only will they continue to support the company, but they also likely to recommend the company to friends and other businessmen. Dissatisfied customers, on the other hand, can cause immense damage. They will communicate their dissatisfaction to others, cause bad publicity and eventually have a very definite impact upon the profit margin of the company concerned.

The responsibility for fostering clients and creating a high level of customer satisfaction lies with each and every employee of a company. However, many large corporations have senior managers tasked with the sole responsibility of running programs and strategies aimed at keeping customers loyal and satisfied. Such programs can be rather complex and normally have an influence on anything the company plans or does.

Large businesses have thousands, even millions of customers, making it very difficult to judge the attitudes all those customers harbour about the company. Most large companies have clients that make a significant contribution to their profit margin and many other clients that are deemed, business wise, to be less influential. The effort of maintaining customer satisfaction must, therefore, be focused on the bigger clients. The secret is to identify these customers.

Most large companies therefore use sophisticated software to gather data about their clients and keep a record of all interactions between the customer and the company. Most software programs can produce a wide variety of reports that can be used to recognize changing buying patterns, to identify the popularity of individual products and services and to pinpoint potential problem areas. A proper analysis of customer data can help the company to act quickly.

Neglect is one of the main reasons why customers move their business to another company. They do not always state their reasons, but failure from a sales representative to keep promises, calls that are not returned, lack of feedback and a failure to attend to complaints are common causes for customers to go elsewhere. A customer satisfaction program must provide for effective and speedy resolution of any conflict.

Bigger companies go to great lengths to make sure that all their employees understand their personal roles in ensuring customer satisfaction. Even employees that never deal with a customer directly can have either a positive or negative influence on the attitude of the customer. The customer may not always be justified in complaining, but he remains the customer and his concerns have to be treated as serious.

There can be no doubt that a high level of customer satisfaction is one of the most important corner stones of success in the modern business environment. Satisfied customers are assets that should be jealously guarded. Keeping customers satisfied is most certainly worth the time and effort it requires.




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