Posted by ASHLEY LITTLES
March 15, 2017
It’s natural to spend a lot of time focusing on how your staff communicates with customers. But your very success as a small business might depend just as much on your internal communication. You don't want a staff working out of sync with your mission and vision.Read More
Posted by NANCY BAKANOWICZ
March 10, 2017
It was just a generation ago, most customer and merchant interaction was face to face. Sure, there were times retailers took phone orders, but business was in person, and any after-sale services were limited to that store location. That seems quaint by today’s standards, when thanks to the internet, we have access to an endless supply of tools that provide customers and merchants with plenty of opportunities for interaction, including search engines, social media, connected devices, email, and newsletters.Read More
This digitalization is visible in every aspect of our daily lives, to the point where being connected 24/7 is no longer the exception; rather, it’s the norm. We use apps on our mobile devices to contact Uber and do our grocery shopping, and we even use apps connected to devices in our homes, like thermostats that help ensure our homes are at a comfortable temperature when we arrive home from work.
Digital mobility is transforming consume services and provision. Our smartphones have become extensions of ourselves, by our sides 24/7 and always ready to do our bidding. This digitalization is also changing the merchant/consumer paradigm, resulting in a new era of relationship that is more open and accessible than ever before.
This shift to digitalization of the merchant/consumer paradigm is shaping the new face of the customer relationship. Not long ago, brands were the only ones delivering messages to the masses, mostly through print and broadcast advertising. Today, customers are active participants in the customer-brand relationship, and they have unprecedented access to brands through social media that would have been unimaginable just a few decades ago.
Today’s customers are empowered to ask questions, give reviews, provide recommendations and even lodge complaints against products and companies, all of which have the potential to influence the purchasing decisions of total strangers. Companies have had to adapt their strategies to include the customer influence and involvement throughout a brand’s life cycle.
Businesses adapt to this new digital consumer era by actively listening to their customer’s concerns, wants and needs. Digital platforms, especially social media, give consumers the power to drive the strategy of their favorite brands by enabling (and in some cases, ennobling) them to discuss their desires directly with the brands themselves, or with other fans and detractors of the brands. This concept, dubbed “social listening,” guides brands into making more proactive decisions by addressing dicy conversations and customer dissatisfaction before it gets to the point of no return. It is easier to be on top of things, and deal with a couple of unhappy customer posts before being caught in a deluge of negative customer experience posts. In fact, the resolution of the first handful of posts can help flag potential issues early and prevent further complaints.
Posted by JEREME SANBORN
February 24, 2017
Did you start your business without taking money from an outside investor or bank? If you got your business up and running on your dime, what you’re doing is known as “bootstrapping.” This approach to funding your business has its advantages. For one, you are unequivocally your own boss. Plus, you aren’t dividing up your profitability pie down the road. Of course, the main disadvantage of going it alone is that your resources will be a little more limited. So, how do you keep your head above water without the help of angel investors and venture capitalists? We have a few ideas:Read More