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Monday, March 17, 2014

Have You Spotted New Customer Trends?

While reading the February issue of Quirks Magazine, I stumbled upon the article “4 customer experience trends for 2014,” and it got me thinking about how with each New Year, new trends are tracked and researched and the things of 2013 are no longer “cool.” This is true with every industry, especially fashion, which turns around new styles each season (sometimes a couple times a season). But how do these new trends of 2014 affect you?

A customer’s experience is the make-or-break for their loyalty with a company. According to the study from New York customer experience management company, LivePerson, consumers are willing to wait an average of 76 seconds for customer service support when visiting a website. That’s 76 seconds for a customer to see if they like, or don’t like, your company.  

Because you only have 76 seconds for a customer to decide your fate, there are some steps you can take to improve the outcome and maintain customers. 

The first is there is always room for improvement. No matter how good one person is at something, there can always be tweaks to make it spectacular. The same goes with any company. In today’s society, consumers are quick to go somewhere else if a deal, service, or product is better – it’s the name of the game. According to Anurag Wadehra, blogger for LivePerson, 33 percent of consumers struggle to help or locate customer service, whereas 49 percent of consumers find websites to be difficult to navigate. By stepping-up your game, those 76 seconds can be a life-changer.

The second is brand trust and loyalty. People tend to stay with or go with companies that have a good reputation and can provide a good quality service. With that said, 78 percent of consumers agree that they will be loyal to a company that provides real-time, one-on-one support. 

The third is, speed and efficiency, especially with our fast-paced society today. Everyone expects to have everything at lightning speed, no matter what the situation. This is especially true with consumers. About three-quarters stated speed and efficiency were the most important factors in creating a great experience.

The last, but not the least, is high-impact moments. How does this affect you? Consumers are looking for anything to help them during their times of need, especially when navigating a website. If you provide the right support, it will be a “high-impact” moment because of the willingness of your company to help them. According to the Quirk’s article, 35 percent of consumers say the actual moment of purchase is when they need the most help. Does your company have an easy, turn-key check out process?

Though this article is driven by trends in the online sector, I thought it was important to write about it because our society is so focused on technology and the impact of this is huge when it comes to companies. It is important to come into the 21st century and adapt to the changes popularized by Gen-Y, since one day they are going to be your biggest customer. As a Gen-Y myself, I know how important it is to have an easy process from navigating a site to check out. I want it to go smoothly and efficiently, and any hiccup makes me go elsewhere. This is true for mostly everyone of my generation because we are used to having everything at the tips of our fingers. How is your company dealing with the shift in technology? Do you think your company is up-to-speed on all of the latest social media, such as Twitter, Facebook, LinkedIn, blogging? Maybe it’s time to analyze the inner-workings of your company and see what your employees are saying about this. 

Let Tweed-Weber, Inc. help your company find its strengths and weaknesses to make your “New Years’” resolutions a reality. Call us toll-free at 1-800-999-6615, email us at mail@tweedweber.com and/or visit us on the web at www.tweedweber.com. Also, be sure to follow us on LinkedIn (Tweed-Weber, Inc.) and Twitter (@TweedWeber). “With every new year, comes a new you.” We have all heard that saying each time another year flies by, but now with the end of the first quarter quickly approaching, it’s time to look to back and see if the new year really did bring a new you.


About the author: Gretchen Koch has been with Tweed-Weber, Inc. since 2012 and serves as Operations Manager. She oversees office processes and provides quality control on all market research reports and strategic planning documents.

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