Boosting your Business in a Slow Economy

When customers arrive early
Do you force your customers to wait outside your establishment until the minute you officially open? Worse, do you rush them out the door or bar them from entering as closing time approaches? Ever seen customers standing outside a business pointing at their wrists to store employees, trying comparing whose watch is right?

Fortunately, there is a helpful tip on avoiding this hassle that I learned at a convention where I was the opening keynote speaker and the other presenter was Roly Morris, CEO of Krispy Kreme operations in Canada. Roly explained they have a practice called ten before ten after... meaning they are open for business (and answering phones) ten minutes before they say they are open, and they remain open (and answering phones) ten minutes after posted closing. Of course, you have to pay employees for the staggered times, but the good will and extra revenues you'll generate make this a worthwhile investment.

When making buying decisions
Are your customers faced with too many choices? It's fine to have a large selection to attract customers, but forcing customers to make too many decisions creates stress and buying resistance. As products and services become more complex, customers are increasingly afraid of making the wrong decision. Fortunately, your employees can reduce this customer stress while boosting your revenues using the rule of 3. Here's how it works.

If you offer your customers only two choices, they may simply opt for the less expensive. However, using the rule of three, your employees would consider all the products and services you offer and narrow them to the top three most suitable for that customer. Interestingly, if you offer three choices from least to most expensive, customers will typically choose the middle option. That means that offering three choices not only helps your customer make easier buying decisions - it also helps steer them away from choosing the cheapest item. Less hassle, more buying. Everyone wins.

When there's a problem
Can your customers return products to your location, or are they expected to have kept the original packaging and ship it to the manufacturer? Do they face a huge waiting line at the ‘customer service' desk that's understaffed and over-grumped? Do you give customers any compensation or even an apology for the inconvenience of having to return a defective product?

Some managers appear to believe that making dissatisfied customers run a gauntlet discourages product returns. Actually, it discourages your customers from returning. If you plan on keeping customers over the long term, you know that sooner or later they're likely to have a problem. That's an opportunity for you to demonstrate that you are indeed different from your competitors.

So how did your company do in this quiz? For most organizations there are at least some opportunities to reduce the hassle factor for customers. The good new is these types of adjustments to customer service are simple. They reduce complexity and bureaucracy. Our corporate clients report that the payoff is worth it in terms of strengthened customer loyalty, increased spending per customers, and enhanced team spirit. Not bad for simply making the customers' buying experience hassle free.