Capturing
the interested customers with a perfect marketing strategy can be a difficult
task for companies, on a daily basis. So, these companies have started
segregating the customers into different categories on the basis of their
satisfactory feedback levels.
Primarily six categories have been
identified that fit into the customer hierarchy. It includes:
- Endorsers – These are the people, who
have bought and used the product/service offered by an organization. They
are highly satisfied with the offerings and are willing to share their
delightful experience with other people about the organization. Usually,
new customers are highly capable of falling in this category.
- Buyers – These people are frequent
buyers of the product/services from an organization, but would hardly
advocate it to anyone else. This clearly shows that due to some unpleasant
experience the customers have downgraded from Endorsers category and is no
longer willing to vouch for the product. It is a great loss for an
organization and would take at least 20 positive touch points to bring
back the loyalty.
- Satisfied Mutes – These people fall in
this list because they buy products/services, but would never interact
with the organization to give any kind of feedback. Most organization also
do not worry about their opinion, as they keep on buying the same product
again. Nothing can deter their choices and everything is just fine with
them.
- Dissatisfied Mutes – These are the
people, who have downgraded from the satisfied mutes’ category and the
organizations do not know about it. The simple reason behind this change
is lack of communication. It would take ages to ask these people and
upgrade to endorsers category.
- Grumblers – Every organization has these
set of customers and they know it. But it is hard to admit that nothing
can be done to earn a positive review from them. In the past, they have
experienced so many negative incidents and are unwilling to change their
perception.
- Complainers – They constitute a very small
number of customers, but can cause really good damage to any brand. They
make sure that they share their unpleasant negative experience with others
and spread the word.
All the above analysis was meant to simplify
the equation that it takes six times more effort to make a new customer, than
retaining the old one. If the problems experienced by the customers are
resolved immediately, they will continue to buy from you 96% of the purchase.
Going by the orthodox methods, organizations
still capture the customer orders and inquiries using papers and excel sheets
print out. In the long run, this entire process becomes so confusing and time
taking that it spoils the customer experience.
As a result, there are some major
consequences that are widespread among the customers. They are illustrated
below:
- Lack of process visibility –
- As all the customers’ orders and
inquiries are recorded in papers and spreadsheets, it becomes very hard
for the organization to budget the process. No plan can forecast the
demand of the customers.
- Organizations often complaint about
limited control over the entire process and there is high probability of
non-compliance with the audit purposes.
- It is impossible to identify urgent
orders without extra effort.
- Any update about the order status
inquiries is very hard to obtain.
- High Order Processing Cost –
- Organizations allocate very little
amount of budget for the R&D’s and order fulfillment processes.
- As a result, they continuously miss out
on opportunities for gaining the competitive edge.
- Order Processing Errors –
- Any delays caused by the production
& imbalanced inventory levels can incite huge misconception and
eventually loss of orders.
- In order to rectify the errors,
organizations often resort to skilled resources and invest heavily in
problem solving.
- Slower Processing Cycle –
- Any delay in the order placement and
dispatch slows the processing cycle.
- As a result, the customer experience is
damaged and SLA’s are not met.
In order to combat all the above
consequences, paper should be immediately replaced with a dynamic catalog
management system.
Catalog Bar,
is a dynamic catalogue management system which can solve all the above
problems. The mobile application in the offline mode can also be used in remote
areas to capture sales order and inquiries. This will make the old methods of
record-keeping obsolete and simplify the customer experience.
Visit here : https://www.catalogbar.com/
+91-9871037091
sales@catalogbar.com
B - 4,
Sector 6, Noida, UP - 201301,India.
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