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Selling Essentials: Managing Customer Experience
`
This course will explain:
▪ How good customer experience can contribute to customer retention, sales and
business growth
▪ What are the causes of customer dissatisfaction
▪ How online marketplace helps in managing customer experience
▪ How sellers can contribute in ensuring good customer experience
Objectives
1. Today’s customer
2. Overview
3. Road map
4. Customer dissatisfaction: Root cause
5. The Real Danger
6. Estimated Customer Erosion
7. What can we do?
8. What is Customer Experience?
9. Advantages of ensuring good Customer Experience
10. Touch points affecting Customer Experience
10.1 Pre-purchase experience
10.2 Purchase experience
10.3 Post-purchase experience
11. Guidelines to manage Customer Experience
Outline
Today’s Customer
Consumer today knows better about What they want, How they want it, and Who
they want it from
Well informed, with access to
mobile web, online reviews,
social media channels etc.
Demanding and seek
convenience
Better access to product and
pricing information
Technologically advanced
Can share their feedbacks,
ratings about the product
Overview
The customer has a
single consolidated view of our business
Customers expect your
Value Proposition to be consistent
Online marketplace is committed to creating an
Integrated Channel for customers
Active participation from sellers is necessary in
proactively reaching these goals and growing our
business together
Overview
Road Map
Product Service Experience
Inward-focused company
“We love that it works”
Brand-focused company
“We are safe if customers
are satisfied”
Emotionally-intelligent -
ecosystem-aware company
“We can win long term profit in
a competitive world with
sustained customer
engagement”
▪ Wrong expectation
▪ Customer error
▪ Fails to follow policy
▪ Attitude
▪ Product and services don’t
meet expectations
▪ Marketing miscommunications
▪ Broken processes
Customer
(20-30)%
Employee
5%
Product &/or Service
(70-75)%
Customer Dissatisfaction: Root Cause
▪ Packaging & Product Quality combined
exceed 60% reasons of dissatisfaction
▪ Order to Delivery Lead Time: Delivery in
excess of 5 days, breaches in
procurement or pick up timelines is
another factor
▪ Pricing: High prices, un-realistic discounts
▪ If product specification in the catalog and
product image are wrong, the purchased
product will be perceived “Not As
Described”
Product
Quality
35%
Packaging
Quality
25%
Order to
delivery time
30%
Pricing
10%
Customer Dissatisfaction: Root Cause
(1% - 5%) Complain to Management
Most that complain (5% - 25%) go to front line
person
(75% - 95%) Encounter a problem but do not
complain
The Real Danger
Number of customers who do not complain BUT also do
not repeat purchase, damages seller credibility by 4x times
Estimated Customer Erosion
2,00,000 customers with
problems
Estimated Customer Erosion
50,000
complain
2,00,000 customers with
problems
Estimated Customer Erosion
2,00,000 customers with
problems
50,000
complain
25,000
satisfied
Estimated Customer Erosion
2,00,000 customers with
problems
50,000
complain
15,000
mollified
25,000
satisfied
Estimated Customer Erosion
2,00,000 customers with
problems
50,000
complain
10,000
dissatisfied
15,000
mollified
25,000
satisfied
Estimated Customer Erosion
10,000
dissatisfied
15,000
mollified
25,000
satisfied
1,50,000
do not complain
Most
Repurchase
Some
Repurchase
Few
Repurchase
Some
Repurchase
2,500
(10%)
6,000
(40%)
9,000
(90%)
37,500
(25%)
Customers not
repurchasing
Total of 54,500 customers at risk
To be successful in the online marketplace, it is imperative for a seller
▪ To provide highest level of service to the customer at every touch point, and
▪Ensure best Customer Experience
What can We Do?
What is Customer Experience?
It is the sum of all the experiences that a customer has with the seller.
Ensuring a good customer experience gives various advantages to a seller.
Advantages of Ensuring Good
Customer Experience
Strengthen your brand Boost revenue with incremental sales from existing
customers and
new sales from word of mouth
Improve customer loyalty (and create advocates)
through valued and memorable customer
interactions
Lower costs by reducing customer churn
Online marketplace is committed to ensure
best experience for it’s
customers
Sellers should join hands and participate
actively to grow their business
Purchase
experience
Post-purchase
experience
Pre-purchase
experience
Pricing Catalog Payment
options
Order to
delivery time
Packaging Product
quality
Returns
& Replacement
Feedback
Online marketplace ensures optimum customer experience at each of
these touch points.
Sellers should actively support this endeavor
Touch Points Affecting Customer Experience
Customer
service
Touch Points Affecting Customer Experience
Pre-purchase
experience
Pricing Catalog
Seller should
▪ Ensure that their product is priced competitive
▪ Provide low shipping fee
▪ Not resort to negative strategies like ‘high
MRP with high discount’
▪ Seller should provide correct information
related to product price, description,
color, image etc.
▪ Ensure good presentation of information
Touch Points Affecting Customer Experience
▪ Provide multiple payment
options(cash on delivery,
credit card etc.) for a buyer
to choose from.
▪ Do not ask irrelevant
information
Ensure the best quality
packaging by using quality
material and following the
guidelines.
▪ Have products ready or
available within hours after
orders are confirmed
▪ Send email notifications to
buyer
▪ Provide hard timelines rather
than estimates
Purchase
experience
Payment
options
Order to
delivery time
Packaging Product
quality
Ensure that the product is
genuine and exactly as
mentioned in the catalog.
Touch Points Affecting Customer Experience
Offer an easy and convenient
returns policy to buyers.
Post-purchase
experience
Returns
& Replacement
Feedback
Gather, analyze and act upon
sellers feedback to improve
offering.
Customer
service
Be prompt in replying to customer
queries and provide correct
information.
▪ Do not miss a chance to make the customer feel special (send a festive gift, or a thanking note along
with the ordered product)
▪ Price it Right
▪ Use correct images/resolutions
▪ Use packaging as per guidelines
▪ Always set right customer expectations
▪ List inventoried products only
▪ Don’t breach pick up promise
▪ Empower your teams to take quick
decisions
▪ Understand the root causes
▪ Prevent unpleasant surprises by
proactively working on improvements
▪ Focus on scalable & sustainable
solutions
Guidelines to Manage Customer
Experience
Process R&DProduct Quality
THANK YOU

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Selling essentials_Managing Customer Experience

  • 1. Selling Essentials: Managing Customer Experience
  • 2. ` This course will explain: ▪ How good customer experience can contribute to customer retention, sales and business growth ▪ What are the causes of customer dissatisfaction ▪ How online marketplace helps in managing customer experience ▪ How sellers can contribute in ensuring good customer experience Objectives
  • 3. 1. Today’s customer 2. Overview 3. Road map 4. Customer dissatisfaction: Root cause 5. The Real Danger 6. Estimated Customer Erosion 7. What can we do? 8. What is Customer Experience? 9. Advantages of ensuring good Customer Experience 10. Touch points affecting Customer Experience 10.1 Pre-purchase experience 10.2 Purchase experience 10.3 Post-purchase experience 11. Guidelines to manage Customer Experience Outline
  • 4. Today’s Customer Consumer today knows better about What they want, How they want it, and Who they want it from Well informed, with access to mobile web, online reviews, social media channels etc. Demanding and seek convenience Better access to product and pricing information Technologically advanced Can share their feedbacks, ratings about the product
  • 5. Overview The customer has a single consolidated view of our business Customers expect your Value Proposition to be consistent
  • 6. Online marketplace is committed to creating an Integrated Channel for customers Active participation from sellers is necessary in proactively reaching these goals and growing our business together Overview
  • 7. Road Map Product Service Experience Inward-focused company “We love that it works” Brand-focused company “We are safe if customers are satisfied” Emotionally-intelligent - ecosystem-aware company “We can win long term profit in a competitive world with sustained customer engagement”
  • 8. ▪ Wrong expectation ▪ Customer error ▪ Fails to follow policy ▪ Attitude ▪ Product and services don’t meet expectations ▪ Marketing miscommunications ▪ Broken processes Customer (20-30)% Employee 5% Product &/or Service (70-75)% Customer Dissatisfaction: Root Cause
  • 9. ▪ Packaging & Product Quality combined exceed 60% reasons of dissatisfaction ▪ Order to Delivery Lead Time: Delivery in excess of 5 days, breaches in procurement or pick up timelines is another factor ▪ Pricing: High prices, un-realistic discounts ▪ If product specification in the catalog and product image are wrong, the purchased product will be perceived “Not As Described” Product Quality 35% Packaging Quality 25% Order to delivery time 30% Pricing 10% Customer Dissatisfaction: Root Cause
  • 10. (1% - 5%) Complain to Management Most that complain (5% - 25%) go to front line person (75% - 95%) Encounter a problem but do not complain The Real Danger Number of customers who do not complain BUT also do not repeat purchase, damages seller credibility by 4x times
  • 11. Estimated Customer Erosion 2,00,000 customers with problems
  • 13. Estimated Customer Erosion 2,00,000 customers with problems 50,000 complain 25,000 satisfied
  • 14. Estimated Customer Erosion 2,00,000 customers with problems 50,000 complain 15,000 mollified 25,000 satisfied
  • 15. Estimated Customer Erosion 2,00,000 customers with problems 50,000 complain 10,000 dissatisfied 15,000 mollified 25,000 satisfied
  • 16. Estimated Customer Erosion 10,000 dissatisfied 15,000 mollified 25,000 satisfied 1,50,000 do not complain Most Repurchase Some Repurchase Few Repurchase Some Repurchase 2,500 (10%) 6,000 (40%) 9,000 (90%) 37,500 (25%) Customers not repurchasing Total of 54,500 customers at risk
  • 17. To be successful in the online marketplace, it is imperative for a seller ▪ To provide highest level of service to the customer at every touch point, and ▪Ensure best Customer Experience What can We Do?
  • 18. What is Customer Experience? It is the sum of all the experiences that a customer has with the seller. Ensuring a good customer experience gives various advantages to a seller.
  • 19. Advantages of Ensuring Good Customer Experience Strengthen your brand Boost revenue with incremental sales from existing customers and new sales from word of mouth Improve customer loyalty (and create advocates) through valued and memorable customer interactions Lower costs by reducing customer churn
  • 20. Online marketplace is committed to ensure best experience for it’s customers Sellers should join hands and participate actively to grow their business
  • 21. Purchase experience Post-purchase experience Pre-purchase experience Pricing Catalog Payment options Order to delivery time Packaging Product quality Returns & Replacement Feedback Online marketplace ensures optimum customer experience at each of these touch points. Sellers should actively support this endeavor Touch Points Affecting Customer Experience Customer service
  • 22. Touch Points Affecting Customer Experience Pre-purchase experience Pricing Catalog Seller should ▪ Ensure that their product is priced competitive ▪ Provide low shipping fee ▪ Not resort to negative strategies like ‘high MRP with high discount’ ▪ Seller should provide correct information related to product price, description, color, image etc. ▪ Ensure good presentation of information
  • 23. Touch Points Affecting Customer Experience ▪ Provide multiple payment options(cash on delivery, credit card etc.) for a buyer to choose from. ▪ Do not ask irrelevant information Ensure the best quality packaging by using quality material and following the guidelines. ▪ Have products ready or available within hours after orders are confirmed ▪ Send email notifications to buyer ▪ Provide hard timelines rather than estimates Purchase experience Payment options Order to delivery time Packaging Product quality Ensure that the product is genuine and exactly as mentioned in the catalog.
  • 24. Touch Points Affecting Customer Experience Offer an easy and convenient returns policy to buyers. Post-purchase experience Returns & Replacement Feedback Gather, analyze and act upon sellers feedback to improve offering. Customer service Be prompt in replying to customer queries and provide correct information. ▪ Do not miss a chance to make the customer feel special (send a festive gift, or a thanking note along with the ordered product)
  • 25. ▪ Price it Right ▪ Use correct images/resolutions ▪ Use packaging as per guidelines ▪ Always set right customer expectations ▪ List inventoried products only ▪ Don’t breach pick up promise ▪ Empower your teams to take quick decisions ▪ Understand the root causes ▪ Prevent unpleasant surprises by proactively working on improvements ▪ Focus on scalable & sustainable solutions Guidelines to Manage Customer Experience Process R&DProduct Quality

Editor's Notes

  1. Point 5
  2. Remove discounts, bullet 2