In Alvin Toffler’s world of information overload, our businesses have a constant struggle with diminishing attention offered by customers. To tackle this the creation of a per customer communications profile can help. The metaphor is a pre-nuptial. It specifies how your relationship will exist between your business and your customers. How you create this communications profile can vary from a social unwritten contract like a retailer has with their customer or it might be more explicit like a form your customer fills in to specify when and what correspondence they want to receive from your business.
Every piece of communication you send to your customer demands their time. There is an equation that roughly says the more you demand then the less attention the customer will probably give your demands. If you annoy them too much, they stop listening and reading. So logically you can attribute a cost to each piece of communication. This attention economy is all about treating this attention like a commodity. Every single email, letter or phone call is an exchange of value. If you are selling something and not giving anything then you are spending a large piece of the attention dollar the customer affords you. If you give education then it is lower. If you solve a problem or save their time then you will probably be adding to the attention piggy bank you have with that customer. They will want more.
So you can design this relationship so both you get more attention and the customer gets more value. If you can monitor customer behavior and reaction so as to understand how they would like to relate to your business rather than how much, then you can grow the attention piggy bank. The customer will give you more time because you have created a bespoke or targeted approach to their communication needs, to solving their problems or giving them the actual information they want rather than fire the 12 gauge information shot gun at them. The catch is that this costs time or else money to automate it.
There are many approaches to move to a communications profile model and some very interesting business models are springing up to help businesses achieve this. Companies like Datarati are dealing with medium enterprise in this area using bleeding edge technologies like Marketo. It’s a data driven approach that at the end of the day will have a robustness above the implied or gut feel approach that most business owners currently rely on. Other simple things that can be done by small business are forms that asks customers what they want from your business when they become a customer. Many inexpensive email systems now have features built in to give you insight into customer behaviour so you can provide them with just what they want and when they want it without even asking them.
This is all about the customer deciding rather than the business. Put the customer first, then the business and sales will follow. Listen and watch their behaviour or ask them what they want rather then serve up an overload of communications and information.
All business will be done this way in the future so it really is just about how fast you get there.
Yes, “Customer is King”. Since if he gets annoyed by the services which we offer to him then definitely he will leave our business and is on the look out for another service provider who provides better service and also values his opinions.
This method of asking the customers through in a fill up form will definitely help us in understanding their feedbacks which might be positive or negative and will help us in evaluating our product effective and serve them better.
This is what every service provider should keep in mind before attending its customers. when you really care about your customer only then they will stick to you and will not switch over substitutes