The Happy Customer Formula

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THE HAPPY CUSTOMER FORMULA No two customers are alike, and no business can risk alienang a single customer with bad service. Vision Crical conducted an original, exclusive study to find out how companies can tailor their offerings to keep customers happy—and coming back. WHEN ASKED WHAT IMPRESSES THEM, RESPONDENTS RANKED THEIR TOP FIVE FAVORITE SERVICE OFFERINGS: 72% of Americans have contacted customer support AT LEAST ONCE in the past 12 months 42% of Americans will stop shopping with a brand aſter TWO BAD SERVICE EXPERIENCES 42% 72% EVERY COMPANY WANTS MILLENNIAL CUSTOMERS They’re a $600 billion market and they'll give their business to companies that make an effort to know their preferences. How do you do it? Results from a study of 1,021 U.S. adults in April 2015. To learn more about strategies to engage with customers and make your business more customer-centric, download: KEY STRATEGIES FOR BUSINESS SUCCESS KEEPING HAPPY CUSTOMERS WWW.VISIONCRITICAL.COM/KEEPING-CUSTOMERS-HAPPY FREE HOME DELIVERY AND SHIPPING 1 A 30-DAY, NO-QUESTION RETURN POLICY 3 A WELL-DESIGNED, EASY-TO-USE WEBSITE 5 A CUSTOMER LOYALTY PROGRAM 2 EARLY ACCESS TO SALES AND PROMOTIONS 4 And generally UNIMPRESSED by the service from: FASHION STORES SPORTING GOODS STORES TRAVEL AGENCIES TAXI COMPANIES SHARING ECONOMY SERVICES & PEER-TO-PEER SITES They’re IMPRESSED with the level of service from: BANKS & FINANCIAL INSTITUTIONS SIT-DOWN RESTAURANTS GROCERY STORES HOTELS ONLINE-ONLY STORES 31% 22% 31% place a high importance on personalized promoons based on purchase history. TARGET THEM AS INDIVIDUALS 22% place a high importance on payment alternaves like mobile wallet. OFFER E-PAYMENT OPTIONS 30% 30% value brands that have their transacon history on file. KNOW THEIR PREFERENCES 16% 16% value brands that ask for feedback directly from their customers. ENGAGE WITH THEM CUSTOMERS DEMAND GOOD SERVICE AND THEY WANT IT NOW WHEN ASKED WHERE THEY GET GOOD SERVICE RESPONDENTS SAID:

Transcript of The Happy Customer Formula

Page 1: The Happy Customer Formula

THE HAPPY CUSTOMER

FORMULANo two customers are alike, and no business can risk alienating a

single customer with bad service. Vision Critical conducted an original, exclusive study to find out how companies can tailor their

offerings to keep customers happy—and coming back.

W H E N A S K E D W H A T I M P R E S S E S T H E M , R E S P O N D E N T S R A N K E D T H E I R

T O P F I V E F A V O R I T ES E R V I C E O F F E R I N G S :

72% of Americans have contacted customer support AT LEAST ONCE

in the past 12 months

42% of Americans will stop shopping with a brand after

TWO BAD SERVICE EXPERIENCES

42%72%

E V E R Y C O M P A N Y W A N T S

M I L L E N N I A L C U S T O M E R S

They’re a $600 billion market and they'll give their business to companies that make an effort to know their preferences.

How do you do it?

Results from a study of 1,021 U.S. adults in April 2015.

To learn more about strategies to engage with customers and make your business more customer-centric, download:

K E Y S T R A T E G I E S F O R B U S I N E S S S U C C E S S

KEEPINGHAPPY

CUSTOMERS

WWW.VISIONCRITICAL.COM/KEEPING-CUSTOMERS-HAPPY

F R E E H O M E D E L I V E R Y A N D S H I P P I N G1

A 3 0 - D A Y , N O - Q U E S T I O N R E T U R N P O L I C Y3

A W E L L - D E S I G N E D , E A S Y - T O - U S E W E B S I T E5

A C U S T O M E R L O Y A LT Y P R O G R A M2

E A R LY A C C E S S T O S A L E S A N D P R O M O T I O N S4

And generally U N I M P R E S S E D by the service from:

F A S H I O N S T O R E S

S P O R T I N G G O O D S S T O R E S

T R A V E L A G E N C I E S

T A X I C O M P A N I E S

S H A R I N G E C O N O M Y

S E R V I C E S & P E E R - T O - P E E R

S I T E S

They’re I M P R E S S E D with the level of service from:

B A N K S & F I N A N C I A L

I N S T I T U T I O N S

S I T - D O W N R E S T A U R A N T S

G R O C E R Y S T O R E S

H O T E L S O N L I N E - O N L Y S T O R E S

31% 22%31% place a high importance on personalized promotions based on purchase history.

TARGET THEM AS INDIVIDUALS

22% place a high importance on payment alternatives

like mobile wallet.

OFFER E-PAYMENT OPTIONS

30%30% value brands that have their transaction

history on file.

KNOW THEIR PREFERENCES

16%16% value brands that ask for feedback directly from

their customers.

ENGAGE WITH THEM

C U S T O M E R S D E M A N D

G O O D S E R V I C EA N D T H E Y W A N T I T N O W

W H E N A S K E D W H E R E T H E Y G E T

G O O D S E R V I C ER E S P O N D E N T S S A I D :