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Would you do business with you?

| Posted in Bank Blogs

As a business owner, you know better than anyone how competitive it is out there. When it comes to where to spend their money, your customers have plenty of choices. And winning their business is just one part of the picture – you must win their long-term loyalty, too.

But to accomplish that, you really need to understand your business. Sure, you understand how your operations work, the unique features of your products, and the financial picture that your customers don’t see.

But what you need to do to win business and loyalty is to look at your business from a different perspective – through the eyes of your customers. To accomplish that, you need to ask an important question: Would you do business with you?

Here are some questions you can ask to determine that:
  • What’s your first impression of your business? There’s an old adage that you never get a second chance to make a first impression. It holds true in business. If you came upon your storefront or your website, what would be your first impression? Would you find your presence welcoming? Professional? Easy to navigate?

    Next, look at all your touchpoints with your customers, including your customer service, emails, and checkout. Are those interactions positive and easy? Did you experience any inconvenience or friction that may prompt you not to make a purchase?
  • How do you compare to your competitors? In addition to looking at your customer touchpoints, look at those of your competitors to see how you stack up. Compare things like quality, pricing, delivery, and customer service. After reviewing your competition, ask yourself: What do they do better than we do? And what do we do better? Then, look for ways to improve and build on your strengths.
  • Would you recommend your business to others? After you go through the process of ordering and receiving your product or service, you’ll have a good idea of the experience and whether it’s worth recommending to friends, family, and colleagues. Ask yourself why you would or wouldn’t advocate for your product or service.
  • What are other customers saying about you? In business, your reputation matters, especially in today’s world of social media and rating services. Review and respond to customer reviews and ask yourself, Would I want to do business with this company based on these reviews and comments? You can also use these reviews and comments to identify your business strengths, as well as areas for improvement.

So, after considering all those questions, it’s time to ask: Would you do business with you? Looking at your company through the eyes of your customers can help you gain a fresh perspective. Then you can make improvements that will not only win business but build that all-important long-term loyalty.

As a business owner, you know better than anyone how competitive it is out there. When it comes to where to spend their money, your customers have plenty of choices. And winning their business is just one part of the picture – you must win their long-term loyalty, too.

But to accomplish that, you really need to understand your business. Sure, you understand how your operations work, the unique features of your products, and the financial picture that your customers don’t see.

But what you need to do to win business and loyalty is to look at your business from a different perspective – through the eyes of your customers. To accomplish that, you need to ask an important question: Would you do business with you?

Here are some questions you can ask to determine that:
  • What’s your first impression of your business? There’s an old adage that you never get a second chance to make a first impression. It holds true in business. If you came upon your storefront or your website, what would be your first impression? Would you find your presence welcoming? Professional? Easy to navigate?

    Next, look at all your touchpoints with your customers, including your customer service, emails, and checkout. Are those interactions positive and easy? Did you experience any inconvenience or friction that may prompt you not to make a purchase?
  • How do you compare to your competitors? In addition to looking at your customer touchpoints, look at those of your competitors to see how you stack up. Compare things like quality, pricing, delivery, and customer service. After reviewing your competition, ask yourself: What do they do better than we do? And what do we do better? Then, look for ways to improve and build on your strengths.
  • Would you recommend your business to others? After you go through the process of ordering and receiving your product or service, you’ll have a good idea of the experience and whether it’s worth recommending to friends, family, and colleagues. Ask yourself why you would or wouldn’t advocate for your product or service.
  • What are other customers saying about you? In business, your reputation matters, especially in today’s world of social media and rating services. Review and respond to customer reviews and ask yourself, Would I want to do business with this company based on these reviews and comments? You can also use these reviews and comments to identify your business strengths, as well as areas for improvement.

So, after considering all those questions, it’s time to ask: Would you do business with you? Looking at your company through the eyes of your customers can help you gain a fresh perspective. Then you can make improvements that will not only win business but build that all-important long-term loyalty.

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