6 Jul 2018
Discover a 5-point strategy to effectively manage customer feedback, enhance customer loyalty, and boost your company's profitability. Learn how to encourage, respond to, and leverage feedback for business growth.

The future of every company depends on the satisfaction of its customers. Greater satisfaction means greater loyalty and greater profit for your business.
What customers think about your company is important, and it's right that you find out. We briefly summarize the most important elements of your feedback management. By following them, you will increase customer connection with your brand. Enhanced customer loyalty will, in turn, increase your company's profitability.
More and more companies are actively doing this. They use every customer contact to get their opinion on the quality of service. The feedback received is used to improve services, and consequently, to increase customer satisfaction and loyalty. If your company is not yet collecting feedback, we recommend that you start as soon as possible. When doing so, try to make it easy for the customer to submit feedback and don't be too pushy with your request. Explain why you want their opinion and what you will do with it. State that your goal is to improve the services and products you offer.
Customers who take the time to write feedback expect a quick response. Especially if it's criticism of your business, you must offer your response as soon as possible. A late response can ignite even more customer anger. If it makes sense, respond publicly to public posts, as other potential customers may have read the customer's opinion.
This way, many of your potential customers will learn about the experience your customers have had with your company and will encourage their purchases from your company.
Potential customers also look for experiences from existing customers on your website. These help them decide if your company is a good choice for them. Highlighting feedback will give a positive impression of your company, especially if customers praise your services, products, or employees.
Some feedback will come in handy in the future. Positive feedback can be used as examples of good business practices, and negative feedback can be used to highlight areas that need improvement. Many can be used for posts on your company's blog or social media. This gives you the opportunity to move the story forward, present your own perspective, and leverage customer communication for marketing purposes. The future of every company depends on the satisfaction of its customers. Your customers will best tell you how to further increase satisfaction and, consequently, customer loyalty. Get their feedback and use it as a basis for implementing improvements.