Many companies are now doing the majority or even all their business online and foregoing the “Brick and Mortar” storefront. It is easy to see why that trend has happened. For one thing, the cost of setting up such a business is relatively inexpensive and easy. There is no need to pay for the overhead of a physical building. Also, the cost of maintaining a Web site is minimal. Moreover, the Internet provides a convenient and efficient way of marketing products. As more and more people are spending time on the Internet, the market of online customers continues to grow.
But when businesses shift from face-to-face customers to anonymous online customers, there is a loss of personal connection and trust. All the online spamming and scamming hasn't helped the matter at all. That has eroded the trust in E-commerce and the credibility of many companies. How are you gaining and maintaining customer trust? What are you doing as an online vendor to communicate to your customers?
In an online world, business just doesn't stop after hours and on weekends. What are you doing to answer your customer's questions? Here are a few things that you can do to improve communication with your customers:
1. Offer a Frequently Asked Questions (FAQ) page and online product support information. This is an excellent way of answering basic questions that may otherwise flood your support email. For example, our voice-changing product, MorphVOX, has a FAQ on the common issues that customers may come across. We also have provided detailed online documentation on topics that users may want to explore more. This takes care of roughly 95% of the questions people may have.
2. Add a support email link on your Web site for issues that can't be resolved by the Web support. At Screaming Bee, we try to answer our customer questions within one business day. More often, we'll answer questions within an hour of receiving the email. I believe that we have gained many loyal customers because of our aggressive efforts to meet needs in a timely manner.
3. Provide a message board or forum for customers to voice their opinions, add comments, and interact with each other. Remember that people are social creatures and like to be heard. This also helps to build up a community of users that are empowered and have a say in the products and services that you provide.
4. Write a personal email to each customer. Have you followed up on your customers after they have made a purchase of your products or services? This is essential, not only from the perspective of getting feedback on how to improve your offerings, but more importantly, maintaining the trusting, long-term relationship with your customer. Send them an email within 3-4 weeks of the first purchase. In this way their experience with your products and services is fresh in their mind. Remember a customer who is ignored is a customer who is lost.
Spending time and effort on better communication with your customers will pay off. Your company will rise and fall not on the customers you gain, but on the customers that you don't lose. Loyal customers will be the ones that give you the best testimonials. They also provide you with the richest, organic, word-of-mouth marketing. Remember that every happy customer is a testament of your company's success.
Safer Food Better Business
Price equals efficiency
One thing to consider when you are looking at insurance and how it improves efficiency is the cost. The cost of an item directly impacts how efficiently the creation and distribution of the product is. The less risk, the lower the price of an item, while the higher the risk, the higher the price. If you are too concerned with the risk of a product, the whole system slows. Take away some of the risk, and you are able to focus on the smaller details that help a business to run efficiently.
An example – exports
Let’s pretend that you have decided to invest in an exporting business. You know that the business will be successful and that you will easily make your money back and then some. However, you then think of all of the risks entailed – what if the ship catches fire or sinks? The delivery trucks are robbed? Products are damaged by the weather? Now the investment seems more like a gamble. With insurance, however, these risks are eliminated and you can invest freely without worry.
Many businesses would not want to risk shipping their items across the ocean if they didn’t have some form of insurance, similar to the idea that somebody would not want to drive across the country without some kind of cheap auto insurance. It also goes further than that. No one would trust money or important duties to someone else, wasting valuable time doing the jobs themselves. Small businesses would go under with one workman’s comp claim.
Employers and employees
Thanks to insurance, business partnerships are more attractive. This is because the heirs of a business may not want to continue if one partner dies. They would then ask for their share of the assets. Without insurance, the partners would have to try to come up with money, which could lead to difficulties for the business. However, if the business owner had a life insurance policy, the heirs are able to collect their money immediately without putting the business at risk.
In addition, some businesses opt to pay for insurance for the employees. This often causes the employees to believe that the company is interested in their well-being, which can lead to improved employee retention and productivity.
Merchants and loss
If a company extends credit to a customer, they are making the assumption that the customer will pay them back. They know that this doesn’t happen, however, and a certain percentage of money will be lost. Therefore, the smart business thing to do is to factor this loss into the cost of the product.
However, there is always the worry that the cost increase will not match the losses. One or two bad customers can cause an otherwise good business to go under. By having a credit insurance policy, the business owner can help reduce this risk and make sure that his business continues to operate.
All forms of insurance, whether it is no medical exam term life insurance () or private health insurance, can help a business to work more efficiently. By reducing risks and reducing fears, insurance can help a business take bigger risks that lead to bigger profits.
Both Mark Ramirez & Sarah Martin are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Mark Ramirez has sinced written about articles on various topics from Health, Laptops and Birth Control. . Mark Ramirez's top article generates over 14800 views. to your Favourites.
Sarah Martin has sinced written about articles on various topics from Wine and Spirits, Acne Treatment and Finances. Sarah Martin is a freelance marketing writer based out of San Diego, CA. She specializes in business, finance, and insurance. For please. Sarah Martin's top article generates over 301000 views. to your Favourites.
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