Friday 20 November 2015

Some opportunities for creating value with your customer base


Customer
·         Give customers reasons to trust you. Not just once, but repeated over time
·         Make customers happy, make their lives easier (not more complicated)
·         Segment customers and develop value propositions for target segments, based on needs and behaviors
·         Measure and improve customer loyalty, across product lines
Process
·         Rethink processes from a customer experience perspective and create a superior customer experience
·         Optimize processes to present a seamless face to the customer across all products and channels
Channel
·         Rethink branch operating models and branch network footprint
·         Incorporate all channels into an integrated customer experience.
·         Use technology to provide multi-channel, more convenient access to products and services
Product
·         Create more transparent products (for assets, liabilities, off-balance products)
·         Offer the right products to the right customer segment based on their risk profile
·         Bundle products and services relevant to a target segment to reward customers for keeping more products with you
·         Build a strategic pricing framework that drives relation deepening and customer loyalty
·         Train front staff to be able to describe products simply and clearly, rightly target them and take new clients properly on board
Service
·         Improve service operation excellence. Train staff to delight your target customers.
·         Develop personalized relationships with your most valuable customers. Redirect front staff time to relationship-building with most valuable customer segments; automate standard transactions through remote channels to gain efficiency
·         Align the service model with the value that customer segments bring
·         Innovate your sales systems; improve cross-selling and retention rates





aAbout Author: The author of this blog has a passion for writing and has written many blogs related to bpo, business solutions, customer service, outsourcing.


No comments:

Post a Comment