For any business, regardless of size, customer service is a critical aspect of being successful. Customers are the lifeblood of the business, and no matter how successful your business may be in other regards, whether advertising, promotion, marketing, branding or price, if customers are not served well, they become disgruntled and will leave. It is several times harder to gain a new customer than it is to retain an old one, and it costs businesses significantly more to attract a new customer than to gain an order from an existing customer.
Whichever way you look at it, your past and present customers represent better value. You have a higher probability for gaining more business from them than from new customers. You must make sure that the service which your customers receive, from sales to support, is first rate and succeeds in pleasing the customer. If you provide good quality and helpful customer support, recommendations, positive reviews and good testimonials can dramatically increase sales at no further cost to your advertising or promotion departments.
What sets businesses aside in terms of either good or bad customer service? Can you recall the last telephone call you had with a customer service department? Think of all the things which irritated or displeased you. In many cases these might be small matters, but the small matters have a habit of stacking up, and it can take very little to upset a customer and turn them against you.
Remember, many customers who call your support department will be reporting a problem or a concern. They are calling because there is an issue – and it is the duty of your customer service department to solve the problem to their full satisfaction.
Anything less than that and the customer will continue to feel displeased. With the competition breathing down your neck, the customer only has to turn their head and they will see a barrage of adverts encouraging them away from you. Get it right, and you could win a loyal customer who'll bring more customers to your doors in future; get it wrong and you could lose out to your competitors and never do business with that customer again!
One of the first things that annoy many customers today is over familiarity. Businesses should behave in a professional way, and not assume that a customer is happy to be on first name terms from the beginning. Too many customer service representatives talk to customers as though they were close friends already.
Wait until you are invited to use the customer's first name. In some cases it will be clear what the customer prefers, either because of the way they address you, use your name or the way they sign their letters or emails. It is hard to move from first name familiarity to formal deference, but much easier and more natural to go the other way when appropriate.
This courtesy should also extend to the language used. In a recent survey it was discovered that only half of customer service departments ever use the words “thank you” in conversation. Using such politeness takes little effort, but thanking the customer is important. After all, without the customer, the customer service representative wouldn't have a job! Using courteous pleasantries can make a business stand apart and it could tip the balance in your favour.
Think about telephone menus. If a customer has called you to complain about a problem, having to listen to a robot offer half a dozen options, then a further four or five, then another two or three, before eventually sticking them in a queue is unlikely to do much to ease their frustrations. It is likely to create a much harder challenge for the representative who eventually answers the call. Instead, why not make sure that customers waiting to call your customer service department have little or no time to wait. A single menu option or a direct number will go a long way to appeasing an irate customer!
Customer service is as much an art as a skill and science and a little bit of extra effort can bring a tremendous amount of benefit.
The Guest Customer Service
Fulfilling the needs of clients is not always an easy task. For the best of banks, it's the singular motivator to success. Endless studies have been conducted on the results of good customer service and the outcome is undeniable. Meet the needs of your clients effectively and repeatedly and you will have earned their trust and loyalty. Customers treated with concern and respect will become even more loyal – inevitably recommending their bank to others.
A bank with a clear mission for customer service recognizes it actually costs more to attract new customers than it does to retain their loyal clients. In fact, a study conducted by a research program for the U.S. Office of Consumer Affairs found that it can cost up to five to six times more to attract new customers than to keep loyal ones. These satisfied customers, the study reveals, will tell between three and five people about a positive experience. The bottom line? Clients want to feel cared about and respected. If these conditions are met, the customer is more likely to develop a relationship of loyalty to, and spread the word about, the bank's excellent customer service.
A bank's effective customer service program is achieved in various ways. Serving the financial needs of an individual is privilege that the best banks recognize is based on trust and service. At every point of contact, a bank's interaction with a client is the prime opportunity to provide the client with a personal sense of satisfaction. Representatives take the time to ask customers what they want. This can often be different from what they expect. Many will focus on being treated well and what this looks like can vary. Effective bank customer service programs encourage their representatives to learn what it means to their particular set of clients.
The best banks also have a clear understanding of their specific mission and this is represented through the bank's products and services. It's not possible to be all things to all people. Trying to do so only ends in mediocre service. Successful banks have a unique set of resources that gives it a competitive advantage. In the best possible match, what the bank has to offer overlaps with what the client desires – a combination of what the bank does best with what the customer wants. From this grows a standard of customer service. This is used to communicate to people why they should do business with a particular bank and what to expect from the business banking relationship.
Satisfied clients also feel bank representatives actively listen to their needs and concerns. This can only be accomplished when employees work hard to hear what customers are saying. Increasing customer loyalty requires a special effort on the part of a bank's representatives to hear what is being said about the bank, products and services. Opening the lines of communication positions the customer as a partner. This only happens when banks create opportunities for a steady flow of quality feedback.
In turn, that feedback is acted on by banks seeking to serve their client base. Why not all of that communication will be acted on – remember the most effective banks know they can't be everything to everyone – the feedback is used to help the bank focus on what they do best. Customer ideas are used as bridges to close the gaps in service. Making clients aware that their feedback matters helps them stay involved as the bank's partners.
As with all things, people and situations change. Consider the developments in convenience banking in just the last 20 years. The traditional brick-and-mortar bank has now come to represent so much more. While the branch serves as the base, the emergence of ATMs and online banking has revolutionized how and when people bank.
The most effective banks have worked hard to stay ahead of this curve – anticipating turns in the road and providing clients with the convenience the 21st century affords. The savvy banker knows the job is never done. It's a never-ending process of learning, sharing and working together. With that, clients will see they truly are the focus and will have little incentive to go elsewhere.
Both Naz Daud & Rita Lowman 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.
Rita Lowman has sinced written about articles on various topics from Finances, Banking and Finances. provides a wide array of personal banking and business banking options and banking solutions tailored to your individual needs. For more. Rita Lowman's top article generates over 1830000 views. to your Favourites.
City Break In Europe Sports fanatics who fancy something a little less bloodthirsty for their weekend break in Madrid can head there to watch Real Madrid or Atletico de Madrid, Spains most famous football teams