Categories
Customer Service

5 Cost-effective Customer Service Strategies Your Business Needs

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Article Contributed by Morrys Sarmiento

Let’s face it: not all entrepreneurs can afford to outsource their customer service necessities to other companies. If you’re one of the business owners who doesn’t have the capability of farming out your customer assistance just yet, we have good news: it doesn’t have to cost you an arm and a leg just so you could. While outsourcing has a lot of advantages particularly in the convenience side of the business, it’s not the path for everyone to take. There are still a lot of entrepreneurs who are willing to take it upon themselves to learn the ropes by doing every imaginable task involved in making their business flourish and one of those is attending to customers.

So the question is this: If you’re bent on providing exceptional customer experience despite limited funding, what are the techniques that require the least financing? You don’t have to look anywhere else for here are five strategies you can employ to boost your customer service department that are proven effective and easy on the pockets.

1.      Start with a good product.

Contrary to what you might think, customer support doesn’t begin when your customers tap you for assistance or when something goes wrong with the product they bought. Real customer service starts with producing top of the line merchandise. If you think about it, coming up with products that actually meet the needs of your customers minimizes the incidents where your customers approach you to either fix something or file a complaint.

Make this deal sweeter by ensuring that you have a competent team who does the selling and rendering of customer support. Ensure that everyone is properly trained as knowledgeable crew members are essential to making the whole customer experience complete and satisfactory.

2.      Open up a live chat support

On the other hand, there will still be times when not all odds are in your favor and one or two customers have issues with the product you thought your company has already perfected. This is where other channels of support come in and live chat is one of them. This method involves the installation of a live chat support widget on your website and from there accommodate any concerns your customers might have. You can either run this channel 24/7 or you can simply allot a specific period for accepting customer inquiries.

Though the integration of live chat support in your customer service arsenal may require you to shell out some money, the returns are definitely worth every cent. By catering to your customers this way, you afford them the convenience that phone calls and emails may not be able to give immediately. As such, you don’t risk losing customers just because you weren’t able to attend to them right away. Live chat support also eliminates your need to outsource your customer service arm since you or a portion of your staff can simply do it in the office.

3.      …as well as email support.

Despite quicker responses through live chat and phone, sending emails remain a viable means to offer customer support. In fact, this is a proactive method of providing customer service since a lot of business owners adapt the practice of sending their customers’ emails, whether they wish to inform, promote, or answer queries. 

Just like live chat, email support can be done while attending to more than one customer at a time, making your investment in technology and labor be commensurate with the yield. The thing with email assistance is that there are some entrepreneurs who are not able to reply to customers immediately. If you must enlist this option in your chosen customer service channels, do your best to answer your customers’ questions or concerns the soonest possible time.

4.      Employ your social media networks.

Nearly every social networking site offers free membership and a wealth of features to boot making it a reasonable and practical method to sustain your customer service pursuits. In addition, a lot of people depend on social media counterparts of the brands they patronize to stay updated, make inquiries, and alas, recount grievances. 

If you really want to save on providing assistance to customers, social media is one of the best outlets you can find. The mobility feature of social media is also an asset you can take advantage of. If, for instance, you have customers sending questions to you using a social platform, you can easily respond by using your smartphone or a similar device.

5.      Put up a blog and FAQ page on your site.

If you don’t have the luxury of time to answer queries the moment they come in, you can still secure go-to pages on your website to take care of your customers while you’re still away. Do this by assigning a resources category in your website and put up an FAQ page that your customers can check for self-administered troubleshooting. Depending on the products you’re selling, you can create a variation of tutorials, user guides, and tip articles which you can compile in the resources section; just make sure that it’s prominently displayed on your site and that you’ve mentioned its existence adequately on social media and email correspondences. Furthermore, you can also write blogs teaching your customers how to maximize the merchandise they bought from you. This way, you can still be of assistance even if you’re offline.

Customer service is all about giving your patrons the best product and gratifying aftersales aid. As such, it’s always best to take in the perspective of customers whether you’re designing for them a whole new range of merchandise or a means to attend to their needs once the purchase is made.

About the author:

Morrys Sarmiento is a business writer whose main interests are small businesses and online marketing. Among his interests outside the profession are football (Andrea Pirlo and Arsenal F.C fan here), theories of personality, philosophy, gaming, and creepy stories. Follow him on twitter @morrysxi

Categories
Finance & Capital

Are You Considering An Investor In Your Company? Ask These Questions First

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The choices you make when raising seed capital from an angel investor will have considerable positive or negative impact on the long-term success of your company.

So obviously it’s important to find investors who will add value over and above the dollars they invest in your company. So take extreme care in their selection.

Pick your partners well and do real due diligence on your angel!

Ask these five key questions, and examine the answers closely!

1. What value and connections will you bring to the mix?

Does the angel have expertise directly related to your start up focus? Have they cashed out successfully from a company in a similar space and/or with a similar business model to yours? Even experience indirectly related to your space can be valuable, especially when the angel has connections through their network, which will be valuable to increase your customer or client base. Check out their network; make sure it is real and not just a façade.

Partner with angels who are passionate about what you do, and show they plan to invest more than money in your success. A true-shared passion can lead to good advice and intros even during your first meeting.

2. How much time will you dedicate to my start up?

How many other angel investments does your investor have, and where are they? How many hours a week will they be available for direct or phone consultation. What other expectations for involvement do they have; such as progress (milestone) reviews, and introductions to customers, clients, vendors and other investors.

You want and need quality time with your Angel; they need to be as dedicated as you in order to advance the goals for the success of your company.

3. How much money will you bring, now and later?

This will be based on a mutually agreed valuation between the Founder and the Angel. (the short answer).

Often, the initial investment does not stretch as far as everyone thinks/hopes it will, so find out up-front how willing your Angel will be to add to his initial investment, and how willing and able he is to make the appropriate introductions to VCs when the right time comes. Also discuss what the incremental cost to you will be!

Delay in getting that first cheque is often an indication of future difficulties. Paul Graham, Y Combinator’s founder, will often advise startups to go with whoever will write a cheque with the least hassle, however this may determine a less than optimum selection of an Angel investor/partner for you, all other needs considered.

4. How much control do you want?

You will find there is a fine line between help and control, and often an area of great misunderstanding. This is something that needs to be addressed very clearly in your term sheet.

Be careful when your Angel wants control by taking a board seat (when that’s inappropriate), and doesn’t demand 50% of the company for an angel investment. You should be structuring things so that all the angels in aggregate should take 5-20% (ideal world). Don’t give away the ship for one check.

5. What is your track record as an Angel investor?

Have previous investments failed? Discover why? Check references with past companies, which your angel has invested in; check both failures and successes.  Find out from past investments, if they kept money in reserve and were forthcoming to add to their investment when needed. Was their attitude supportive or negative? Try to speak directly with other entrepreneurs they have invested in.

Just as the Angel does due diligence to invest in you and your company, so should you take the time and effort to do due diligence on your Angel; make sure that you are both clear about and understand each others intentions and expectations. A good Angel will be supportive of your investigation, just as you will be supportive of their investigation.

This was originally published on Entrepreneurs Questions http://eqli.st/five-key-questions-to-ask-investors/

Categories
Work Life

10 Lessons Learned in 2013

10 Lessons Learned in 2013

2013 has been a good year for me. I introduced many new products, created new relationships, and had a total knee replacement. I learned much and as I reflect back I want to share the top 10 learning’s I experienced. As you plan your goals, dreams and aspirations for next year, I thought I would share some lessons early in the hope you will think differently about personal growth, wealth and health going into 2014.

10. Life planning as well as business planning is essential. Create a life plan and get really focused on what is important, what makes you happy, and what provides peace of mind. Life is an experience to be lived and not a lesson to be learned.

9.   I like learning. It does not matter what it is. I realized it is important to me to bring value to every relationship and I give away too much. Not sure I want to change this too much.

8.   People who get both knees replaced (AT THE SAME TIME) impress me, I think. I know how much work it was to recover from one knee replacement, I could not image doing two at the same time!

7.   I now see the medical industry as a customer service organization. The positive service I experienced, at the hospital was extraordinary; from the nurses to the nutritionist to the physical therapist was incredible. Made the whole stay that much more pleasant and I believe my recovery time faster.

6.   I realized the value of good friends. Several stepped up to help out when I was in the hospital. I was amazed and impressed that people would be so open and sharing with their time, talent and money. What was really cool was I did not have to ask!

5.   One of our dogs died this year. The other became very depressed. It is very clear to me they need company and create deep relationships that benefit all.

4.   I love being greeted so warmly by my dog when I come home. I will take time and allow him to greet me when I walk in the door and I will greet them with the same level of love and enthusiasm (this was on the list last year.)

3.   Honesty, integrity and common sense make me tick. I love business and personal relationships with people where I know what makes them tick. I want to know what is important to you. I can always get better at communicating my intent and cultivating valuable relationships. Some people will love you and some won’t. Some feel it is ok to criticize because they can do it anonymously and no one will know. Relationships can be difficult. Always give them the benefit of the doubt and trust that when the time is right, things will be ok.

2.    Nothing is as valuable as your health. Having experienced a number of health challenges with a new knee make me aware of how I value mobility, sleep and activity. It is amazing how my attitude got better when the body feels better. Enough sleep is essential to great health and a positive attitude.

1.    Getting back to “my why.” For years I had a strong spiritual practice. I got away from it due to family obligations, business challenges and other reason. I changed and my spiritual practices did not change as I changed. I will implement practices that keep me grounded and focused on what is important. When the “why” is clear, life gets easy.

Bonus Lesson: The same challenge will keep showing up in your life until you learn the lesson life is presenting to you.  You would have thought that I would have learned that by now!

Another bonus lesson: Be Grateful. Share your gratitude.

Happy New Year

Categories
Work Life

3 Ways to Cure Holiday Overwhelm at Work

3 Ways to Cure Holiday Overwhelm at Work

Has your to-do list grown overnight?

Yes, it’s “the most wonderful time of the year”…and yet many of us miss the wonder of it all due to the overwhelm at work that accompanies the holidays.

Here are 3 ways to cure your holiday overwhelm at work starting today:

Focus on Positive Strengths

From Madison Avenue to Your Street, you are shoved toward an impending sense of lack during the holidays. This scarcity mentality afflicts you at work as well, shifting your focus to the negative.

Today, make a list of what’s going well with your business right now. Jot some notes about the strengths of 2013. Include percentage growth of revenue, significant product developments, additional team members, customer problems solved, and new referral relationships.

Begin your work day by reading over this list. This single strategy pivots your mindset from negative—what I don’t have—to positive—what we’re doing well. Since you see what you’re looking for, you will add to your list daily as you discover more positive strengths.

Focus on Positive Situations

Overwhelm produces anxiety which shuts down our strategic ability to focus on positive situations. We see Mt. Everest in its entirety instead of the first step that leads to the second step which gets you to the summit. Rather than focusing on what you can do, you shut down because you can’t do it all at once.

Today, make a list of what you can do. Think of these as positive situations from which you leverage the kind of forward motion your business wants to reach your goals. Focus on this list and prioritize it. Pick one activity and do something to check it off. Keep building on the positive momentum you gain from this activity and move forward some more.

As you achieve more, your focus on these positive situations sharpens like a laser. You discover more positive situations and your attitude shifts from overwhelm to accomplishment.

Focus on Positive Signals

Overwhelm emerges during the holidays more as a reaction to the realization that the year is about to end than anything else. You reflect on what wasn’t done, how little time you have left to do it, and the impending sense that it’ll be undone as you begin 2013.

Honestly evaluate what you accomplished toward your 2013 goals now. Strategically act on the positive situations you can now using your positive strengths accrued through the year. Determine what barriers prevented further growth.

Then assess the positive signals emerging as 2013 nears completion that will serve as your springboard to positive growth in 2014. What are the positive strengths? What are the positive situations? How do these project positive signals in 2014?

Focusing on these positive signals gives you excited anticipation for the upcoming new year, curing the holiday overwhelm, and helping you truly enjoy this most wonderful time of the year!

About the Author:

Dr. Joey Faucette is the #1 Amazon best-selling author of Work Positive in a Negative World (Entrepreneur Press), coach, and speaker who helps business professionals increase sales with greater productivity so they can leave the office earlier to do what they love with those they love. Discover more at www.ListentoLife.org.

Categories
Operations

Increase Your Sales by Making Payment Easier

Increase Your Sales by Making Payment Easier

The quicker the payment process is, the more sales you’ll get. This goes for everything from waiting in line in the supermarket to filling in endless fields buying online. So if you’re looking to sell (and who isn’t) then the first thing you need to do in 2014 is to streamline your payment process.

Diversify Your Methods

Providing more than one way to pay makes it more likely that customers will buy. While it’s not practical or advisable to offer lots and lots of different payment types, you should do your research into your target audience and see which they prefer. This is true whether you’re asking for payment in a shop or online, and is even true for traditional cash payments like taxis.

Ecommerce retailers can easily offer a variety of payment methods, but you can make your site especially lucrative if you allow for mobile payments too.

Don’t Over Complicate It

One of the worst things that you can do with online payments is to ask a potential customer to make an account before they buy. While it might be a good way to build up your email marketing list, it’s a major turn off for potential consumers. Not only does it make it take longer to buy anything, the anticipation of a flood of marketing emails is enough to make anyone abandon their basket. It isn’t essential for buying in a physical shop, so why is it necessary for online payments?

Instead, offer the option to buy without creating an account, and make it quick, easy and unobtrusive to buy products from you.

You can still offer the option to create an account – it is often beneficial for returning customers – but make it as easy as possible. Their email address and name should be all you need.

Don’t Forget About the Shop

It’s easy to talk about making payment easy online, and forget about making it easy in your high street shop too. Having as many payment terminals as possible is essential, so why not use something like Card Cutter’s mobile credit card terminals to make your customers’ lives as easy as possible. They work just the same as the ones you see on trains or in restaurants, so you can take payment from your customers anywhere on your shop floor. This means that customers don’t have to queue, and can walk away happy and likely to return.