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Turn Customer Feedback into Profits

Did you know that 55% of consumers state they would not do business with a brand again if their feedback remains unnoticed?


New info, right?!


Many businesses ignore customer feedback because they either don’t want to read negative comments, or they feel they don’t need to reply. However, responding to both good and bad feedback isn’t just necessary, it is also potentially profitable and for sure necessary.


Getting to know the customer


Customer feedback allows you to get into the mindset of the buyer. A key to running a successful business means having a good understanding of the customer. This type of information allows you to continue gaining success within your business.

It also allows you to better serve them, which in turn, makes them continue to do business with you rather than switching to your competitors.


Inspiring innovation


Innovation is another essential component for today’s business. However, it can be tricky coming up with new ideas. That’s where customer feedback can help. You get to see what they want, what they currently aren’t happy with and what outcome they want.

You can use this to come up with fresh ideas that are likely to please not only that person, but your other customers too.


For example, a customer may leave feedback stating they wished it was easier to shop with your company. You can take this information and use it to develop a more innovative, easier shopping experience.


Similarly, they may feel a product could be improved in some way. Understanding the limitations and flaws of an existing product can help you to come up with a solution to fix it. The more innovative you are, the more profits you’re going to earn.


Making the customer feel valued


When you respond to customer feedback and actually take notice of what they’ve said, it makes them feel valued. This builds up loyalty and provided you address and resolve any issues brought to your attention, they are much more likely to come back and do business with you.


Customer feedback is a powerful tool. If you aren’t already doing so, now is the time to start encouraging customers to tell you what they think. If you take the time and effort to use this information effectively, you’ll soon be rewarded with a substantial increase in customer loyalty.

If you want to learn more about how a Virtual Assistant can be of benefit to getting customer feedback for your business, book a FREE consultation with me HERE!

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