Channel Daily News

Stop the mindless pursuit of data and get closer to the customer

Despite what Amazon, Google, Yahoo and Facebook do to convince companies that they represent the pathway to the future; the success/failure of a company is not about the mindless pursuit of data.

Successful companies – really successful companies – focus on the creative interaction individuals have with individuals.

You know day-in, day-out; all the time, every time.

Here are two examples (one storefront, one ecommerce):

The Auto Experience

Maybe it’s unfair to pick on cars; after all, they only represent your second biggest expense so should it really be pleasant?

Still:

I won’t name names because I was used to the ongoing joking, “You really need two cars – one to drive while the other is in for repairs.”

I was used to 2-3 visits to the service department to solve one problem. They always find a new issue that’s … not covered by/out of warranty!

When Ford owned the brand, quality was improved but the channel remained the same.

Because of the experience, I have to find another brand when I begin my search for a new set of wheels.

That ticks me off!

They couldn’t believe the female in the family makes the final decision.

If the guy made the decision, most of the cars on the road would be burnt orange convertibles.

Instead, they’re black, white, silver 4-doors or mini-SUVs.

You know … practical.

Guys may “buy” the car but wives “let ‘em.”

It doesn’t take a rocket scientist to figure out how family purchases work.

Maybe Tesla’s Elon Musk had a similar experience and said, “Not on my watch!”

Monitored, Circulated Feedback

The CEO I mentioned  – we’ll call him Larry – reads almost every prospect, customer comment/feedback posted on the web site and social media.

He’s been doing it since he started the business more than 25 years ago.

Issues, questions go to the appropriate people.

Compliments go to everyone – in every area

Why?

Nothing reinforces the importance of the customer like congratulating individuals in private and publicly. Recognition is more powerful than money, free time, a new title or a bigger desk!

“I give a dam about you” trumps Likes, CRM systems and Big Data, analytics every day of the week!

Success is measured by creative human activity and interaction, not by data hoarding.

Consumers aren’t stupid.

They’re not targets of opportunity.

They have the same tools a company has to evaluate manufacturers, products, reputations … and they use them.

Companies that don’t build strong communities can’t achieve their full potential without reaching and empowering everyone in the solution chain, including channel partners and customers.

Social and data silos don’t cut it.

As Stewart Brand said in the late ‘60s, On the one hand information wants to be expensive, because it’s so valuable. The right information in the right place just changes your life. On the other hand, information wants to be free,”

Nothing is more valuable than customer feedback.

Nothing is more expensive than feedback that isn’t shared.

In today’s always-on, always-connected world it’s not difficult to figure out the consumer.

He/she will tell you!

Earn It – If you’re interested in building a strong, lasting relationship with customers – business and consumer – all you have to do is ask them … they’ll tell you. Or, you can do something even more difficult – ask yourself what you would want if you were sitting on the other side of the desk or screen.

Today’s customer has big expectations that manufacturers – and their channel partners – have to address every day of the week.

Every step of the customer journey, from consideration all the way through the post-sales service phase, isn’t just important … it’s mandatory.

Gone are the days of 24-48 hour response times.

Consumers expect instant interaction, action.

Delivering on consumer expectations of immediacy requires:

–        Managed automation that immediately delivers routine product information

–        Presence with the customer across the entire purchase cycle

–        Transparent, constant sharing of information across the manufacturer/consumer ecosystem

Simply getting more social business tools and analytics won’t deliver solutions to the expanding, changing networks of connected people.

Selling Tools – Marketers love the Internet and all the tools it provides to interest, entice, sell more stuff to more and more people. Unfortunately, service isn’t high on the priority list because it’s an expense, right? Wrong!

Ironically, the recent Evergage study didn’t put service/support as a firm’s top social objective.

Simple one-to-many and one-to-one approaches would provide the answers if management/team members would simply ask themselves what do they want when they’re buying something:

–        FAQs, how-to written, video assistance, guidance

–        Public answers on Twitter, Facebook, individually when a question is asked

People value shopping as an experience, and not just as a transaction.

Focusing on more data, more analytics limits that experience.

Make that first encounter the best you can possibly deliver and it can lead to many more first dates and something special.

I have to think about what car I’ll buy in a year or two … at least I have a little time to do the research – online!

Just hate the idea of not supporting the British/Indian economies any more.

 

 

 

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