Showing posts with label loyalty. Show all posts
Showing posts with label loyalty. Show all posts

Wednesday, August 29, 2012

A Boy and His Dogs (5 Ways to Create Loyal Customers)


We started a fun new chapter of our lives last Friday when we got two new dogs.  Yes, TWO!!!!  What was I thinking?!?!

It got me to thinking … we’re starting new relationships from scratch.  Kind of like you do with customers every day.

So here are a few things that I’ve learned about loyalty from my dogs … and who knows loyalty better than a pooch?

Kindness
This one goes without saying – well, until now.  But, like pups, customers respond to a kind voice and gentle demeanor. 

Consistency
Dogs and customers both have a short memory.  They are most likely to remember their very first and very last encounter with your institution.  So you and your staff must be on stage and on-point with every single interaction.  You can “say” you have great service, but it’s the consistent application of great service changes behavior and breeds loyalty.

Immediate response
Things don’t always go as planned.  With our youngest puppy, I’m ready to hang a sign in the house that says, “XX Days Accident-Free.”  For the record, this morning the sign dropped back down to 0.

When “accidents” happen, address them immediately.  Errors are an opportunity for you to pro-actively address an issue and actually build a better relationship.


Focus on the experience
Certainly my dogs are becoming loyal because we love them.  But having fun certainly doesn’t hurt!  Every day, we make a point of playing fetch and wrestling and letting them chase the kids (in a fun way).  My shepherd and I are quickly becoming great trail-running partners. 

I’m not expecting your customers to want to chase a Frisbee, but understanding what drives your customers – when they’re not in your branch – will help you to build a better relationship.  How do you accomplish that?  LISTEN.  You need to talk to your customers about their lives, not just their banking.

Positive reinforcement
Whether you're teaching Fido to sit on command or training a customer to use their debit card more times per month, rewarding good behavior works.  You don’t necessarily need a detailed rewards program – though there are many great ones out there.  But a simple personal touch, like a hand written “thank you” note for every new account opened goes a long way.

By following these five, simple ideas, you can become the Dog Whisperer of your customer loyalty program.

Tuesday, June 5, 2012

If We Could All Be Like Boy Scouts


I just spent 2 nights camping with scouts … someone get me a huge mug of java and two aspirin!!!

Aside from the obvious crick in my neck from sleeping on rocks and roots, I took something useful away from the experience.

Wouldn’t we all be better off if we were more like scouts?  Think about how successful you and your organization would be if you were more:
 
Trustworthy: If a scout says, “On my honor, it is so,” that means it is so.  In our industry, in this time in history, what could possibly be more important?

Loyal: A scout will stick with you through thick and thin.  If that means we need to restructure a loan to help someone make ends meet, so be it.

Helpful: When in difficulty to know which of two things to do, scouts ask themself, “Which is best for other people?”

You see where this article is going.  Now imagine a world were we all follow the rest of Scout Law as:
  • Friendly
  • Courteous
  • Kind
  • Obedient
  • Cheerful
  • Thrifty
  • Brave
  • Clean
  • Reverent 


As you move further into your day and attack the remainder of this month and conquer the rest of the year, please try to be more scout-like and to do what you can to move your institution that way too.

Take care,
Eric

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