Why companies should consider improving their CX / Customer Experience strategy


Why companies should consider improving their CX / Customer Experience strategy

Why companies should consider improving their CX / Customer Experience strategy

When customers think of a particular brand or business, what do you think is the first thing that comes to their minds? Apart from products or services, many would often remember the customer experience they had with the brand. As a business, it’s important to make sure that you’re always providing quality customer experience (CX). You can achieve this with the support of a CX service provider.

What is CX, and why is it essential for businesses to improve their customer experience strategy? Let’s find out below.

What Is Customer Experience?

CX is a customer’s overall perception of the quality of interaction they had with a business throughout their customer journey. It includes checking out a brand’s website or social media pages, going through the buying process, and post-sale support.

Why Is It Important to Improve CX?

Providing top-quality CX is crucial for any business. Apart from closing sales, the kind of customer experience service you provide to your customers could lead to your business gaining brand advocates. As a result, you would be able to expand your reach and improve brand trust.

Here are other reasons you should consider improving your CX strategy:

1. Increases sales

CX could significantly influence sales. A CX survey conducted by Harvard Business Review shows that customers who experienced exemplary CX spent 140% more than those who experienced terrible CX. 

If you want to improve sales, don’t just focus on marketing your products and services. Think about enhancing your CX too! With a positive experience, even new prospects would have fewer reasons to say no to your brand.

2. Strengthens customer relationships and trust

Gaining your customers’ trust and building relationships with them is essential for brand growth. An effective strategy for building customer relationships is by providing personalized customer experience service for them.

When your customers feel special, and you let them know that they mean more to you than the sales they bring, they would always choose you over other brands.

3. Boosts customer loyalty

Did you know that it’s more expensive to acquire new customers than it is to keep your existing ones?

Boost your customer loyalty by improving your CX strategy. Remember, happy customers mean loyal customers.

Look into your customer journey and identify areas that you may need to improve on. Not sure where to get started? A CX service provider could help you analyze the quality of experience you provide and spot improvement areas.

4. Encourages brand advocacy

When customers are happy with your brand, you won’t have to ask them to refer their family and friends. They would gladly do this for you, as they’d want their friends and family to experience the same thing.

When you think about it, focusing on your CX strategy is an economical way of getting the word out about your brand. After all, word-of-mouth is still a powerful factor in choosing brands that customers would trust.

5. Improves up-selling and cross-selling

When you’ve developed a good relationship with your customers, you won’t have a hard time cross-selling or up-selling to them.

They already know what to expect from you. They trust that any subsequent interactions or sales would give them the same experience.

6. Increases competitive advantage

Every day, it’s getting more difficult to market to your target customers. With new brands popping up daily and bigger firms spending a fortune on advertisements, how could you even compete?

The secret lies in the quality of CX you provide. Customers these days spend time reading reviews and listening to the experiences of their family and friends. Focus your strategy around your CX, and you won’t have to worry about standing out.

7. Sustains business growth

Spending money on ads isn’t always sustainable. A better strategy is to build a group of brand advocates that could help you sustain your growth.

How do you do that? Improve your CX strategy! Ensure that customers have top-notch experience throughout their customer journey — from the Awareness stage to the Retention stage. 

How to Measure and Improve Customer Experience

1. Perform a CX survey regularly

A CX survey allows your customers to let you know what they think about their interactions with your brand. Additionally, it is a way to discover your strengths and weaknesses. It also helps you identify parts of your customer journey that need more work.

2. Analyze trends on customer support issues and queries

Don’t take incident reports and complaints for granted. They could help you understand how your customers feel about the experience you provide.

3. Ask your customers how you can further improve your products or services

Let’s face it; there is no perfect service or product. Make it a point to ask your customers how you could further improve your brand. Give your customers the chance to offer suggestions and look into them.

Customer experience and customer service go hand in hand. To stand out in an ever-increasing competitive business environment, consider improving your customer experience strategy. Inspiro can help. We are an expert CX service provider with a range of CX services, from contact center solutions and omnichannel services to CX analytics and insights. Fill out our contact form for more information on our services.