Saturday, October 12, 2024

Customer experience is the Wind beneath Successful Business

Customer experience is the Wind beneath Successful Business

By Monica Chege

In today’s corporate world, many businesses and entrepreneurs define themselves by the products or services they offer. From selling books, foodstuffs, accessories, to providing services like insurance policies and consultancies, companies endeavour to create sleek marketing campaigns, train sales teams, and invest in systems that support the sale of these offerings.

However, fewer business leaders stop to ask themselves what their customers think and feel about the goods or services they provide. Successful businesses and entrepreneurs that thrive know that redefining their business from the perspective of the customer is the key to growth because, in truth, your customer is your business. Without customers, products sit idle, and services go unutilized. Beyond that, customers demand more than just a product; they want experiences. To make a lasting impact, businesses need more than just a flashy catalogue.

Co-Op post

Customers choose to spend their money where they feel understood, valued, and supported. When a customer feels overlooked or underserved, they’ll find someone else who delivers what they need. This presents a crucial question that any entrepreneur growing a business must ask themselves: how well do you understand your customer?

One good example of a company that asked this question and reaped the reward of answering it correctly is Netflix.The company started out as a DVD rental service, a viable business model in the early days of the internet when consumers were transitioning from VHS tapes. Netflix could have stuck to its model, but instead, they listened to their customers’ growing desire for convenience. By shifting to video streaming, the firm didn’t just follow a tech trend—they solved a customer problem, making it easier for people to watch what they want, when they want.

This focus on customer needs transformed the company in the space of a few years into one of the most valuable tech firms in the world and a global household name.

Customer Service Week is a timely reminder that customer experience isn’t just a department; it is the entire business. Every interaction—whether face-to-face, over the phone, or online—is an opportunity to redefine how customers perceive your brand.

Another example is Amazon’s rise to dominance. It wasn’t just because of the extensive product catalogue the online store offered in its early years. The firm’s relentless focus on customer service—whether it’s one-click purchases, fast delivery, or seamless returns—laid the foundation for a loyal customer base. Amazon built systems around customer experience with offerings like Amazon Prime, ensuring their business was defined by the value they brought to the customer, not just the products they sold.

Thriving businesses and entrepreneurs learn early enough to move away from merely providing a service or selling a product, to building relationships with their customers. For business executives and owners, this means stepping out of the boardrooms and into the lives of their customers. How do they experience the service? How do they feel when they interact with the brand? Honest answers to these questions provide insights that inform business decisions.

Telkom launches App to enhance T-kash customer experience

While data provides a lot of information, nothing is more powerful than listening to active feedback from your diverse customer pool and transforming it into meaningful action.

I recently attended an Executive Program at Harvard Business School, where we explored strategies that define successful entrepreneurs and businesses. One discussion stood out for me: the real shift in business success happens when companies transition from selling products or services to offering experiences. Reflecting on this discussion, especially as we commemorate Customer Service Week, I see more clearly why it is no longer enough to push sales—successful businesses must put the customer at the center of everything they do.

In a world where a single negative review can spread like wildfire, the question “What is your business?” is no longer a philosophical exercise but a practical necessity. If your customer service is an afterthought, it’s time to reconsider your strategy. Every business today is, fundamentally, in the business of people. The companies that will dominate the future are the ones that redefine success as customer satisfaction, loyalty, and trust.

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