When you outsource business development, it’s a good idea to bring customer experience (CX) into the mix too. If you’re already familiar with the term then you’re on track for successful business development. But if it’s new to you, or it’s not something you’d considered before, now is the time for you to find out more about it so you can take your business to the next level.
In this blog, regional director Sarah Yandell explains customer experience and shares her knowledge of the 80/20 rule too.
What is customer experience?
Sarah: Customer experience, sometimes abbreviated to CX, is the whole experience that a customer has of your business. Customer service is part of it, but CX is broader. For example, standards like answering a phone call in five rings or sending communications promptly are good customer service. But customer experience covers things like how easy it was to find the phone number, and whether good FAQs removed the need for the call completely.
The choices you make about your CX should reflect your customer base. For example, if you hear from most of your customers via social media, prompt replies to direct messages are more important for CX than manning the office phoneline.
Why does customer experience matter?
Sarah: CX is an important part of business development. In order to grow your business, you need to ensure that every one of your customers has the best experience possible. This is because your customers are your greatest asset. They are the ones who will buy your products and services; they’re also the people who will recommend you to their wider network. If a customer has a good experience, they are more likely to buy from you again.
I’ve run a number of businesses over the years, including heading up the Suffolk and Essex office for Get Ahead. One of the most valuable ideas I’ve picked up is the 80/20 rule, which we can apply in a variety of different situations.
In the case of customer experience, we need to remember that 80% of our business comes from 20% of our customers. It’s important to look after all of our customers, but place our biggest focus on the top 20%. This is because the top 20% are the ones who will help our businesses to grow.
Who makes up the top 20% of customers?
Sarah: Who these customers are depends on your business. A good CRM (customer relationship management) system will usually show you who your best customers are and how much they spend with you. However, it’s important to remember that CRM is only an enabler. Your CRM system will show you who your best customers are but it’s up to you to use that information in the correct way. This will help you make any customer interaction as personal as it needs to be.
For example, if you offer business coaching, your CRM might show you that your top 20% are employed by big organisations. Their individual coaching sessions might grow into all-day workshops for whole teams, bringing you more work. In this example, you would tailor your customer experience to meet the needs of people in the corporate world.
Or you might run a café at a leisure centre, and note that your top 20% are parents bringing their children to after-school clubs. While a leisure centre setting suggests you’d be making money from bottled water and bananas, this is not the reality. Instead, comfy seats, good coffee and staff who like a chat will create the right experience for your best customers.
What does CX mean for business development?
Sarah: Once you’ve identified your 20%, you can use your knowledge of them to improve CX and develop your business. You might like to think about what customers expect from your website and how they like to communicate with you. Think about what their overall goals are and how you can help them achieve them. This information will help you come up with the business development strategy that most likely to work.
For example, networking is an important part of my own business development. I’ve seen that this is where I meet clients who end up using services from Get Ahead in a regular, ongoing way. I believe it’s because they get to meet me face to face – an important customer experience that helps us both build trust and establish a strong working relationship.
Outsource business development to Get Ahead
If reading Sarah’s insights have got you thinking about how you could improve customer experience and develop your business, Get Ahead can help. Our experienced business development managers will delve deep into your operation, finding out what makes it tick so they can find the best way to move it forward. They might also make suggestions for how you can strengthen your CX, boosting your business at the same time.
Follow us on LinkedIn to find out more or contact your local regional director today.