I love the chambers ...Here an example from the
Wallow County ChamberThere is plenty of information discussing the impacts of poor customer service on a business. The Harvard Business Review reports that if you can prevent 5% of your customers from leaving you, you can increase your bottom line profit by 25 – 95%.
Upon further investigation, the US News and World Report completed a study revealing that the average American business loses 15% of its customer base each year. From this number, 82% of these customers stop buying from one business and go to another because of poor or indifferent ser-vice. Another 14% leave because they are displeased with prices and ~5% go elsewhere based on recommendations. So, with the Harvard Business Review saying that you can increase your bottom line profit by 25% - 95% if you can prevent 5% of your customers from leaving, and U.S. News and World Reports says 82% of customers leave one business and go to another because of customer service issues...then it becomes clear how serious customer service is to a business. One other detail pointed out in these studies is the sad fact that most of these customers don’t bother to complain.
It’s been shown time and time again that getting new customers into your store is one of the most expensive things you can do to grow your business. Once we have them, we simply can’t afford to lose them.
We can argue that rural areas should not be compared to metro economies. This may be true. Nevertheless, the forces that drive customer behaviors are fairly universal. Exceptional service includes: trustworthy relationships, clerks and employees attentive and courtesy to your customers, and the willingness to go the extra mile — proactive service (page 4). We live in an age of Internet, Wal-Mart's, Costco's and catalogs. You may or may not loose a customer to another local merchant; instead you might loose them to the Internet. ―Shop local‖ and ―customer service‖ are intertwined and both must be present in order to keep our local business community alive and thriving.
Do you know what customers think when they enter your business? How are customers treated in your business when you are not there? Are your employees knowledgeable on how to deliver great customer service? Or are you possibly loosing customers (that 15%) due to poor service or even no service?
Thanks
Wallow County Chamber !