Uploaded on Oct 7, 2024
Discover how effective customer experience management can significantly enhance customer satisfaction, improve customer retention strategies, and drive revenue growth for your store. Learn more about how to improve customer experience with insights from Expert Village Media. For more information, read our blog.
How Great Customer Experience Drive Revenue, Retention & Customer Satisfaction For Your Store
How Great Customer Experience Drive
Revenue, Retention & Customer
Satisfaction For Your Store?
Customer Experience or customer satisfaction is way more critical than it sounds. Its
importance in ecommerce cannot be overstated. For any ecommerce business looking to thrive
in this intense competitive environment, providing an extraordinary customer experience is no
more a nice-to-have, but a must-have thing.
As online shopping witnesses an upward trend, customers expect a seamless and personalized
experience because they have more options than ever before. Failing to meet this expectation
can hit hard on any business and damage its brand’s reputation.
It is crucial to improve customer experience as it is not just about keeping your browsers happy
throughout their journey in your store but creating lasting relationships with your customers to
drive the bottom line of your business.
For driving sales, building strong reputation of your brand and increasing customers loyalty, a
seamless and positive customer experience is just the way through.
But what exactly does a great customer experience mean? Why does customer experience
management hold so much importance in ecommerce business?
This article aims to dive deep into the importance of providing great customer experience and
how it can boost customer satisfaction, revenue and retention that will ultimately help in
thriving your business.
Common Mistakes That Ruin Customer Experience
1. Poor website designs – unattractive designs of your online stores, confusing navigation, slow
load time and lack of clear call-to-action all these can put off customers and make it difficult for
them to search for what they are looking for.
2. Lack of understanding the actual target audience – when an online store fails to understand
its customers preferences and needs, it ultimately lands up delivering poor customer
experience. Being unaware of how to market your product, what products or services to offer
to customers at what time and how to provide good customer support,all these hurdles crop up
when you have poor understanding of your target audience.
3. Inappropriate Customer Service – Not responding to customers queries in time and
effectively, not providing clear and concise information to buyers, not resolving their issues all
create negative experiences of customers in your stores. This negative experience results in loss
of trust in your brand.
4. Overstating omni channel communication – Not providing consistent services and
information across all channels and not responding to customer inquiry on different channels
leads to fragmented and baffling experience for customers.
5. Poor Marketing plan – failing to use the right channel to communicate with your customer or
not having a clear strategy to reach or retain customers affect business badly. When your
marketing plan is not solid enough you will lack visibility of business growth and will also lose
on engaging with your customers.
6. Disappointing payment and delivery experience – hassle in payments, unclear information
about the exact delivery of the product makes your customers disappointed and ultimately lose
trust in your brand.
7. Paying no heed to social media – Shoppers these days take social media to express their
views either bad or good. Not being responsive to their comments, inquiries and complaints on
social media gives a bad impression about your brand.
Businesses striving to avoid these mistakes and putting their best to improve customer
experience and provide a seamless and positive shopping throughout builds trust and long term
relation with their customer.
Customer Experience Strategies That Boosts Customer Satisfaction, Revenue and Retention
Boost Customer Satisfaction
1. Personalized the experience – personalized interactions with shoppers in your store such as
customizing product recommendations based on customers likings and preferences make them
feel valued. Customers appreciate when businesses understand their needs and preferences
and getting this level of attention enhances their satisfaction.
2. Offer multi channel support – It should be hassle free for customers to reach business
through any method preferred by them be it phone, email, chat or social media. Hence, it is
important to provide support across multiple channels. This not only reduces friction but also
resolves issues efficiently and ensures higher customer satisfaction.
3. Provide quick and seamless service – When all of it is about customer satisfaction then
quick response time and efficient service is the main and major, and why it shouldn’t be, after
all speed matters when we all live in this fast paced world. Customers when heard promptly for
their issues perceive a positive outlook of your brand.
Improves Customer Retention
1. Gracefully handle issues – No business can perform with utter perfection. Problems and
issues are inevitable and will arise, no matter how hard you try. And, it is how you handle your
business issues with your customers that makes or breaks your relationship with them. To
reinforce customer loyalty and to flip the negative experience into a positive one, your business
must resolve the problem promptly, effectively and empathetically.
2. Active involvement with customers – To keep your customer engaged and feel connected to
the brand it is crucial to be proactive towards them. Show your customers that you care about
them and strive for a continuous improvement by regular follow-ups, check-ins and feedback
requests. Having a proactive approach rather than reactive, when engaging with customers,
leaves a significant impact on customer retention.
3. Work to build trust and loyalty – the foundation of customer retention is set on the pillars
of trust and loyalty. To develop this sense of loyalty towards your brand you need to provide
your customers with positive experiences consistently. Once a trust is built, it translates into
long term relation with customers, reducing churn rates and maintaining a steady stream of
revenue.
Drives Business Revenue
1. Word-of-mouth marketing – they say that the best marketers are your happy customers.
They provide invaluable WOM marketing by sharing their positive experiences with their family
and friends. It is the most powerful marketing strategy as seen as the most credible and
trustworthy. Unlike traditional marketing campaigns, it attracts new customers and drives
business revenue without any high cost associated with it.
2. Working on Customer Lifetime Value (CLV) – A good customer experience can increase their
lifetime value with your business. Customers when satisfied with a brand are sure to return and
make repeat purchases. They are also less price sensitive and are ready to pay a little extra for a
better experience.
3. Cross Selling and Upselling opportunities – offering positive experience to customers gives
you opportunities to upsell and cross sell which is more likely to be accepted. Customers
consider buying additional products and services when they trust brands and feel valued.
Hence, good customer experience in combination with well timed recommendations and offers
can help boost business sales without appearing pushy.
The Road Ahead …
Positive experiences for customers in your store are powerful drivers of business success.
Customer experience strategy is a necessity in this competitive environment and not just a
good-to-have thing.
If any business works on enhancing customers satisfaction, improving customer retention
strategies and driving revenue growth, it can significantly improve its bottom line.
Businesses that invest in providing great customer experience find themselves amidst happy
customers, greater loyalty and more revenue. It’s a win-win situation that pays off in both the
short and long term.
Therefore, for an ecommerce store it is crucial to focus on delivering exceptional experiences at
every touchpoint and watch your business thrive.
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