Tag Archives: customer behavior

Not All Customers Are Worth Doing Business With

Not All Customers Are Worth Doing Business With

GUEST POST from Shep Hyken

In some of my customer service speeches, I joke that some customers aren’t worth doing business with. The way I position it in the speech is funny, but in reality, it’s pretty serious. Sometimes, a customer isn’t worth doing business with because they are truly a bad customer. The result could be choosing to say, “Goodbye,” and sending them to the competition.

While there are many reasons you might end your relationship with a customer, I came up with six obvious ones to get you thinking:

  1. Customers who repeatedly return products. This is often the result of a liberal return policy that some customers abuse. Repeated returns cost money – sometimes more than the profit from the sale.
  2. Customers who make unwarranted complaints about service. You’ve heard the recording: “These calls are recorded for quality assurance.” Not only are recorded calls great for training, but they can also become evidence of a customer who has an unwarranted complaint about the company’s customer service – or any other situation.
  3. Customers who demand unreasonable solutions to problems. If the customer’s demands are unreasonable and they won’t accept the solutions or compensation an employee is offering, it may be time to let them go.
  4. Customers who take up too much time. For example, customers who repeatedly send back products, which takes up too much time and costs the company money.
  5. Customers who are argumentative. Some customers will argue, and nothing will make them happy. When they realize you are about to “fire” them as a customer, they sometimes recognize that they are being unreasonable. But, when they don’t, it’s time to consider saying, “Goodbye.”
  6. Customers who are abusive toward employees. This is more than an argumentative customer – it is taking rude and argumentative to another level. The customer curses, insults or threatens the employee. While we always want to be polite to our customers, sometimes it’s okay to politely transfer them to a manager or, if empowered to do so, politely say goodbye and hang up.

Bad Customer Cartoon from Shep Hyken

Keep in mind that it’s our job to take a negative event or abusive customer and turn the situation around. Another way of saying it is to turn rants into raves. Yet, in some cases – hopefully very few – the customer may truly not be worth doing business with … today. That could change in the future. Keep that in mind. Remember one of my favorite sayings:

The customer is not always right, but they are always the customer.

Consider that saying before slamming the door on an abusive customer. If you feel it can’t be worked out – today – close the door quietly, but consider leaving it open, ever-so-slightly, just in case they realize the error of their ways. Maybe they will come back, apologize, and become a great customer – one that is well worth doing business with!

Image Credits: Pexels, Shep Hyken

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The Power of Personalization

Leveraging Consumer Behavior for Innovation Success

The Power of Personalization

GUEST POST from Chateau G Pato

In today’s fast-paced and highly competitive business landscape, the ability to understand and cater to consumer behavior is crucial for innovation success. One of the most powerful tools at a company’s disposal for achieving this is personalization. By tailoring products, services, and marketing efforts to individual preferences and behaviors, businesses can create a more engaging and fulfilling experience for their customers, ultimately driving growth and success.

Personalization is not a new concept, but advances in technology and data analytics have made it easier and more effective than ever before. By leveraging customer data and insights, companies can create highly targeted and relevant experiences that resonate with consumers on a personal level. This not only increases customer satisfaction and loyalty, but also drives higher levels of engagement and conversion.

Case Study 1: Ecommerce

One industry that has successfully harnessed the power of personalization is e-commerce. Companies like Amazon and Netflix have built their entire business models around personalized recommendations, using algorithms to analyze customer preferences and behavior to suggest products or content that are likely to resonate with individual users. This not only enhances the customer experience by making it easier for consumers to find relevant products, but also drives increased sales and customer retention.

A recent study by McKinsey & Company found that companies that successfully personalize their marketing communications see an average of 10-30% uplift in revenue. For example, clothing retailer Stitch Fix uses a combination of algorithms and human stylists to curate personalized clothing collections for customers, leading to higher levels of customer satisfaction and repeat purchases.

Case Study 2: Starbucks

Another compelling case study of the power of personalization comes from Starbucks. The coffee giant uses its popular mobile app to collect data on customer preferences and behaviors, allowing it to offer personalized promotions and rewards to individual customers. This not only incentivizes repeat visits, but also drives higher levels of customer engagement and loyalty.

Conclusion

The power of personalization cannot be overstated. By leveraging consumer behavior for innovation success, companies can create more engaging and fulfilling experiences for their customers, ultimately driving growth and success. With the right tools and strategies in place, businesses can harness the power of personalization to drive increased revenue, customer loyalty, and competitive advantage in today’s dynamic marketplace.

SPECIAL BONUS: Futurology is not fortune telling. Futurists use a scientific approach to create their deliverables, but a methodology and tools like those in FutureHacking™ can empower anyone to engage in futurology themselves.

Image credit: Unsplash

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