December 8, 2022
In this series we explore common industry phrases and explain what they really mean.
We’ve come to the final instalment of our live event series, Reinventing Outbound. Over the past couple of months MOJO-CX©'S CEO & Co-Founder Jimmy Hosang and Senior Solutions Consultant Paul Banks have joined forces with guests, this time Al Hughes of Fab Outsourced Solutions, and Marianne Withers of The Verity Centre, to discuss the often-missed opportunities when it comes to outbound contact.
We’re summarising and expanding upon some of the key topics, this time focusing on customer retention and resolutions. With customers being more transient than ever before it is vital that organisations of all sizes do what they can to retain as many customers as possible and increase the ever-important customer lifetime value.
Businesses need to be smarter and faster than ever, knowing what the customer wants or needs before they know they want it (consider how successful businesses like Amazon are in leading customers to products that end in a purchase thanks to accurate predictions of customer wants and needs).
Traditionally, outbound contact is one of the first areas that is dismissed when we see a peak in inbound contact levels, or during cost-cutting activities. However, if businesses can focus more efforts on outbound contact, then you can make sure you are ahead of this in the first place – potentially reducing customers’ need to get in touch through inbound contact.
To start to get ahead of the curve you need to build an entire contact model that helps you understand your customer journey from start to finish. Equally important as building the model is testing it and continuously improving it – in fact, it is highly unlikely that the first plan you build will be sufficient.
Try A/B testing and using conversation analytics to see what drives positive or negative sentiments in your agent scripts. The key is understanding not just the reasons your customers stay, but why other customers leave, so you can focus on what you’re doing right and fix areas where it goes wrong.
It’s not a secret that companies can, and do, retain customers without a perfectly planned outbound contact strategy. But it’s not just enhancing retention further that organisations can benefit from when creating a plan for better outbound customer service.
Consider this – Are you retaining customers because they truly love your brand and are big fans of your organisation and products/services? Or are you simply getting by because your offering is a bit better than most of your competitors? If we look at Net Promoter Score (NPS), the best customers for your brand need to sit at a 9 or 10 to be classed as a ‘Promoter’. Anything below that and you’re looking at ‘Passives’, or worse, ‘Detractors’.
Many businesses use very little outbound contact, sometimes none at all. It’s time to stop being reactive and focus contact centre efforts into being proactive – reaching out, engaging with customers, discovering first-hand what they like and dislike, and then emphasising the ‘likes’ and fixing the ‘dislikes’.
Take a second to ask yourself, “What is our contact strategy, from the very first time a customer interacts with us, how are we extending customer lifetime value?”. We often find that organisations simply win a customer and then rely on their standard communications, such as a monthly newsletter or yearly survey, hoping it will be enough.
This might be just enough, but ‘just enough’ won’t take an individual from a passive customer to a brand ambassador. Every customer is unique, and your communication with them should reflect that. Consider how to use the customer data from your CRM systems to make people feel like individuals instead of another number:
Plan, organize and have a forecast of what you’re going to be doing so you can schedule it ahead of time. And remember, your CRM system is a fountain of knowledge and you should be analysing it, structuring it, and using it to improve your customer relations.
There is no such thing as bad contact; Recent findings showed us that customers who contacted a company with a query ended up going on to purchase three times more (when the query was resolved effectively) than customers who had never contacted the business – so don’t leave these people behind, reach out to them instead.
In a time when other companies are making steps to reduce the amount they speak to customers by using chatbots and self-service, differentiate your brand by being the one to get in touch with them. Build a clear contact strategy from day one, test and re-test, improve it, and test it even more.
If you have already read and implemented advice from our three previous write-ups from the Reinventing Outbound series (all linked below), then you are likely already making huge steps in creating the perfect outbound contact strategy.
Make your contact experience stand out with the latest tips, tricks and insight from MOJO-CX©.