Modeling Nordstrom, Disney, Amazonkwselect.weebly.com/uploads/4/8/5/6/48566859/...serving the...
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Modeling Nordstrom, Disney, AmazonStrategies to Keep Customers Coming Back
Bruce Hardie
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Bruce Hardie
Spokane, Washington
Regional Director
Operating Principal
KW International Master Faculty
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What can we learn from
Nordstrom, Disney, and
Amazon?
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FAMILY REUNION
2016
1. Empowerment a. Use your best judgment when it comes to
serving the customer.
2. Standardsa. Come out from behind the counter with the
customer’s purchase.b. Handle purchases without having the customer
stand in line at the counter.c. Answer the phone on no more than the 2nd ring.
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FAMILY REUNION
2016
1. Exceed expectations
2. Focus on making emotional connections
• Emotionally engaged customers tend to be:• At least three times more likely to recommend
• Three times more likely to repurchase
• Less likely to shop around
• Much less price sensitive
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FAMILY REUNION
2016
1. Serve the needs of the customer
2. The Empty Chair
3. Don’t be afraid to apologize
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Can we make use of any of
these ideas?
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Show CX video
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TRUTH:
You would have no business
without customers!
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MYTH TRUTH
Defined by you
Starts and stops at the end of a
transaction
Meets the customer’s needs
One size fits all
Addresses customer’s specific
issues as they arise
Does not happen organically
Success is based on feelings alone
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TRUTH:
Customers are more apt to share
a negative customer experience
than share a positive customer
experience.
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FAMILY REUNION
2016
• 25 percent will switch providers
• 357,000 negative shares
• 19 percent lose trust
• 59 percent have NO relationship!
Source: http://www.thunderhead.com
The Cost of a Bad Experience
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FAMILY REUNION
2016
- Martin Bouma,
Ann Arbor, Michigan
“Take care of the people who take care of you.”
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FAMILY REUNION
2016
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FAMILY REUNION
2016
- Gary Keller,
Chairman, Cofounder
Keller Williams Realty
“If you want extraordinary results in your life, you cannot be average.”
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FAMILY REUNION
2016
Value of a Customer over 20 Years
Year Transaction Price 3% Commission
1 1st Home Purchase $208,500 $6,255
101st Home Sale
2nd Home Purchase
$280,207
$350,258
$8,406
$10,508
202nd Home Sale
3rd Home Purchase
$470,718
$588,397
$14,122
$17,653
Total Value $56,942
Value of A Customer
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FAMILY REUNION
2016
Value of Your DatabaseRepeat and Referrals – 21% (NAR Statistic)
Step Transaction Example
A Number in Your Database 1,000
B Average for Repeat Customers (A X 21%) 210
C Average for Referral Customers (A X 21%) 210
D Total Repeat + Referral (B + C) 420
E Value of one client (from previous table) $50,000
What is the value of your database? (D x E) $21,000,000
Value of a Database
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FAMILY REUNION
2016
Your CX System
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FAMILY REUNION
2016
5S CX Model – 1. SET
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FAMILY REUNION
2016
1. Have Standards“Your clients aren’t loyal to you; they are loyal to the standards you represent.”
– The Millionaire Real Estate Agent
2. Leverage Technology• KW Mobile Search App, your website
3. Leverage People• Your team• Vendors• Allied Resources
5S CX Model – 2. SERVE
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FAMILY REUNION
2016
1. Check in frequently.
2. Ask for feedback with surveys,
reviews, and testimonials.
3. Track your “CX score.”
4. Make improvements.
5S CX Model – 3. SURVEY
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FAMILY REUNION
2016
5S CX Model – 4. SURPASS
1. Don’t just meet expectations;
delight your customers by
surpassing expectations.
2. Do unexpected things in
unexpected ways.
3. Elevate your service.
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FAMILY REUNION
2016
1. Stay top of mind.
2. Gain repeats and referrals.
3. Reward.
5S CX Model – 5. SUSTAIN
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FAMILY REUNION
2016
1. Understand the
customer and set
expectations.
2. Deliver on expectations.
3. Check in on the
experience.
4. Surpass expectations!
Systematic Approach
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FAMILY REUNION
2016
• For the Agent
• Repeat and referral business
• For Keller Williams Realty
• Family of customer-centric agents delivering top-
notch experiences
• Known throughout the real estate and service
industries as the pinnacle of customer
experience
Benefits of a CX System
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