Throughout history, providing great prices and a robust selection of goods can only do so much for a company. Competition means that good customer service will also impact a company’s long-term performance. Even in an era when shopping happens online more than ever, customer service goes a long way toward building a business.
Car enthusiasts are known to be pretty loyal, so it’s no surprise that MbenzGram (MBGRAM) is focused on customer service. Selling products to make upgrades and keep cars running since 2013, they’ve seen many benefits to quality customer service. These benefits stand out above the rest and serve a purpose for any type of business.
If a customer receives outstanding customer service, it’s going to stick with them. Nearly all customers say that a positive experience influences future purchases. A negative experience can be even more impactful, as many vow to never shop at a business with terrible customer service again.
From a business perspective, it’s much more cost-efficient to invest in retaining customers instead of searching for new ones. A loyal customer base can help out with long-term success.
It’s easier than ever to recommend a business to someone else. Sending a link to a website takes seconds, but word-of-mouth will also be beneficial. Businesses rely on recommendations to grow organically.
Customer service helps increase the likelihood of a recommendation. People trust those closest to them when recommending options out there. Even people who might not get a direct recommendation will be able to read customer reviews and suggestions from anonymous sources online.
Many small businesses have taken off without a huge marketing budget. Instead, they rely almost entirely on recommendations.
High Conversion Rates
Getting a potential customer to a website for a business is the easy part. Anyone intrigued will click on the website and browse around. Getting a conversion is a challenge. Customers feel influenced by customer service, and they are afraid to back out of a purchase if they don’t feel like they receive proper treatment.
Other factors play into conversion rates, but many questions need to be addressed in one way or another to improve customer satisfaction. Having detailed resources on the website can also help provide answers.
Businesses start to gain a reputation in their industry based on a variety of factors. Customer satisfaction is high up there on the list, and no one wants to be on the bad side. That’s starting off on a bad foot with any potential customer.
Even the best companies have mistakes they go through once in a while. Companies with excellent customer service are much more likely to weather the storm and stay on track.
If a business is already dealing with poor customer service reviews and they make a mistake, it can be a devastating blow to the company. Having a bit of a cushion and handling mishaps correctly won’t hurt a business that much. If the business already has terrible customer service, a mistake could sink them entirely.
Quality customer service helps the consumer in obvious ways. However, they can also have an impact on employees. Those working for a business known for quality customer service will start to build confidence as time goes on. They feel empowered because they are keeping customers happy.
This all leads to fewer complaints and other issues that might pop up with poor customer service. Existing employees have confidence, and those applying for a job will feel confident that they are going with a company with a solid reputation.
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At the end of the day, this is a huge motivator for any business. Quality customer service proves time and time again to increase profits and help businesses grow their revenue. Even a slight change in customer service can increase a business’s revenue by 5% to 10%. That might not seem like a huge amount of money initially, but it can be a difference-maker between a company surviving growing pains and having to close doors too soon.
The great thing about increasing profit this way is that quality customer service doesn’t cost any extra money. It just involves getting the right team to answer questions and be cordial to customers every step of the way. It’s a little bit more of an effort, but owners especially should do what it takes to make it a reality.
Keep in mind that a business might not always have the answers, but doing what it can for customers will show effort. As long as a customer feels like the business cares for them, the likelihood of a sale increases.
How MbenzGram (MBGRAM) Creates a Competitive Advantage
High-quality customer service from MbenzGram (MBGRAM) helps contribute to a competitive advantage against others in the car industry. The business builds relationships with existing customers, and they return the favor by sticking with them as repeat customers.
Having a large selection of products helps out, but MbenzGram (MBGRAM) goes above and beyond to help find options for customers. Since a lot of customers know they are in a very niche market, they feel extra confidence sticking around.
Customer service requires a specific mindset to gain a competitive advantage. Any business can do it, but it takes an extra bit of effort to go above and beyond expectations. Once businesses find that sweet spot, it’s relatively smooth sailing from there.