Three Arguments for Considering Customer Feedback

Nastja Slak

By Nastja Slak

8 Nov 2018

Learn why actively listening to and implementing customer feedback is crucial for product development, customer satisfaction, and building lasting trust in your business.

Considering customer feedback will help develop your products and services, increase your customers' satisfaction, and strengthen their trust in the company.

Your customers know exactly what they want from your company. If you give them the opportunity, they will gladly provide recommendations for improvement. Considering customer feedback will prove to them that you value their opinion. At the same time, you will also improve your product or service, thereby increasing sales.

To meet your customers' needs, you must first know what they need. Give them the opportunity to tell you their wishes and use them to improve your products or services. This will increase customer satisfaction and strengthen their trust in your company. We've already written that as many as 91% of dissatisfied customers leave without telling you why. If you discover and resolve their feedback loops in a timely manner, you will retain customers who would otherwise leave.

1. For Product and Service Improvements

By considering your customers' feedback, you will ensure that your products and services become the answer to their needs. Customers will gladly contribute to the development of products and services, as they will receive exactly what they need. Companies that do not gather customer feedback are not actually working for them, but for a "fictional" target group. Such an approach leads to the loss of "real" customers in the long run.

2. For Measuring Customer Satisfaction

Depending on the nature of the products or services you offer, you will likely gain insight into customer satisfaction only when a customer leaves a compliment or complaint. Asking them for their opinion after every purchase or service rendered is the ideal way to monitor their satisfaction and discover any previously unnoticed errors in a timely manner.

3. For Building Trust

The closer your relationship with customers is, the more they will trust you. Customer trust is an important building block for a company's success. Customers appreciate your efforts to resolve received complaints. They will return to a company that cares about their satisfaction.

Complete the Feedback Loop

After obtaining customer feedback, categorize it. Collect suggestions for improving products or services and hand them over to the development department. Look for feedback related to employee-customer interactions and give it to the management of the relevant departments. For each piece of feedback, find the right recipient and ensure the message reaches them. It is also important to respond to the customer: acknowledge that you heard them and that their opinion has been forwarded. This will show the customer that their time taken to provide their opinion was not in vain and that you heard their voice. This will increase their satisfaction and strengthen their trust in your company. It is beneficial to continuously gather customer feedback to consistently monitor the growth of your customer satisfaction.