Monday, October 27, 2014

Keeping the Customer-Centric Business Model in Focus



Businesses cannot succeed without their customers. That’s an obvious statement of fact yet many businesses are not upholding this core value. In order to succeed, it is vital for companies to activate a customer-centric business model.

The Financial Brand recently posted an article highlighting today’s typical customer service representative’s mindset. Most associates in the workplace are showing lack of care or empathy for customers. They simply do the minimum task of answering a client's questions with an inadequate answer. Very few are really going above and beyond to make the business succeed. Reasons for this can be attributed to low wages, poor positions, and lack of training. Businesses need to be equipping representatives with the skills that allow them to handle day-to-day client interactions effectively. These skill sets help to empower representatives which results in them being proactive and attentive in helping out customers. This, in turn, attracts and builds more business.

One major contributor to low work ethic is the constant changes occurring all around. Representatives on the frontline are forced to adapt to quickly changing company standards as well as shifting product lines. At the same time, they are charged with learning to handle a clientele base that is always changing its preferences. This prevents representatives from forming a solid relationship with their customers.

A recent survey indicated that 30 percent of industry representatives do not believe that their companies put customers first. They believe that products and sales are the primary concern of a company. While it is important for a business to ensure a steady cash flow, it should never lose site of where the revenue is coming from – customers!

Companies can immediately benefit by enforcing a more customer-accommodating sales practice. Offering solutions with a client-centric approach, as opposed to a product-first approach, is what will transform new clients into long-term clients.





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