I attended a webinar this week, and the speaker gave a quote that is so true:
“No one owns the customer anymore, but someone owns their moment of opportunity…”
Essentially, given the age of technology, customers are not as loyal as they once were to a brand, and they tend to go where they can do business on their terms, using their preferred method, when they are ready to buy. For some, this means going into a store after careful product research; for others, it means picking up that item they’ve thought about buying but they made the leap because of a timely email from a company.
As a business, you may not “own” the customer anymore, but you can make changes and evolve your strategy to “own” their moment…that moment when they are ready to make a purchase and choose to do so with you. While you may be CEO of your company, you are no longer the boss: your customers have taken over that role, for better or worse.
Below are some tips for ensuring your customers are getting what they need, and that you’re first in mind when the moment of opportunity arises….
1. Find out what they want: just because all of your competitors have recently rolled out an app, should you? It depends on your customers. Unless you ask though, you won’t know for sure. Replace (or enhance) your current customer feedback survey to incorporate some more generalized questions, such as “how would you like to best make purchases from us?” and “what is your preferred method of communication when you need help?” The insight you will get can be invaluable in helping you develop new offerings and strategies to best serve your customers.
2. Take some time to dig deep and get to know your typical customer: while this sounds daunting, utilizing a social media monitoring program can give you all of the information you need. Take the conversations collected and find out what people are saying they like/dislike about your brand? What are they saying about your competitors? If there are “wish list” items customers are talking about, take a closer look at them. Your customers may surprise you!
3. Focus on values, not features: show your customers the value of doing business with you. They can likely find any product they need anywhere, whether its in your store, a competitor’s, or online. Make them see why it’s good to do business with you, whether it’s a great loyalty program, real time incentives while customers are browsing the aisles, free shipping with no minimum, mobile shopping, or anything else that makes it easy to get what they need.
By building value, engagement, and ease of doing business with your company, you will be better equipped to stay in front of your customer so that when their moment arises, you will own it like a boss.
