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Creating An Exceptional
Customer Experience
How Businesses Stand Out Today
Pamela Herrmann, Founder
The Paragon Effect
www.TheParagonEffect.com
Reminders
“How Can I Use the Internet To
Grow My Sales?”
Customers Are Asking Themselves
• Did I make the right
decision?
• Can I trust you?
• Will it turn out like I
expected?
• 32% of new customers will leave within the
first year.
– Over 20% of those people leave without
conducting a single transaction
– Over 50% of those people leave within the
first 100 days
Banking
46% Churn Rate
Cell Phone Industry
21% of people who sign a 2 year commitment
break the contract in the first year.
Software As A Service
20% of their customers are leaving within 100
days
Most businesses don’t know how
many customers they’re losing in
the first 100 days.
20-60% Attrition Rate Worldwide
Across All Sectors Every Year
“80% of businesses surveyed believe
they deliver ‘superior’ customer
service.
Only 8% of their customers agree.”
Lee Resources
Most Businesses Don’t Know The
Lifetime Value Of Their Customer
What’s sad is
that most
businesses are
making it
worse.
A Few Simple Tweaks Can Have A Huge Impact
On A Businesses Bottom Line
Perfect Customer Lifecycle
Customer Marketing
The Purpose Of Business Is
To Get & Keep Customers
Yet most businesses are treating
customers like a single transaction
The Paragon Effect
For Customers,
Feelings Are Fact!
52% of Small Business Report Moderate to High
Revenue Growth From Customer Marketing
And here’s why…
It costs less to market to your existing
customers than it does to acquire a
new one.
Companies who are engaging both their
customer AND their employees see a
240% increase in performance related
outcomes.
“Pam, I’m not that creative and
wouldn’t even know where to start.”
Stagecoach Coffee
Cooperstown, NY
Know The Lifetime Value Of Your Customer
Creating A Pattern Interrupt
• Was it expected?
• Was it necessary?
Matt was successful in
creating rapport &
relationship in a 7
minute transaction.
Trust & loyalty in two
transactions.
Total cost: $2.00
How We Grow Sales
The most interesting thing about the way the
Internet is shaping business is being driven by
consumer behavior online.
Think of a time when you relied on online
reviews to make a purchasing decision
Office Depot
Resulted in a 40% increase in customers who
purchased something before leaving the store.
So now you see why it’s important
to master the greeting
“Are you a
member of our
loyalty
program?”
The Main Street Advantage
Being excellent is highly
profitable:
7 out of 10 customers said
they were willing to
spend more with
companies that provide
an excellent customer
experience
.American Express Survey, 2011
Question
Across all touch points, how do you make someone feel welcomed?
How Are You Engaging With Your
Customers Across All Touch Points?
• Phone
• In person
• Website
• Email
• Social Networks
5 Keys To The Welcome
• What you say
• How you say it
• Your body language
• Be interested, not interesting
• Anticipate needs
What Customers Are Deciding
“When people believe they share
values with a company they
become loyal to their brand”
~Howard Schultz, CEO Starbucks
Main Street Businesses
Don’t Get A Hall Pass
Think about how businesses in your
community are creating an exceptional
customer experience
RATE YOURSELF
What are 3 things that your program or business
is doing right based on this presentation?
So now you know…
• Where opportunity for sales growth lies
• How to create a buying experience that results
in lasting loyalty
Our success stands for it self, so let’s chat!
720. 480. 7655
Pamela@TheParagonEffect.com
Your next step…
Please complete the session evaluation on the conference app
before you leave the room.
Thank you!

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National Main Street Annual Conference - Exceptional Customer Experience

Editor's Notes

  1. How many of you love a death defying ride? Look around the room, about 50% of you have your hands raised. Small biz owners are a rare bunch and are risk takers by nature. But if you ask the average person out there, it’s like 5-10% The average person doesn’t like roller coaster rides AND YET that’s what you’re subjecting your customer to every single day when they do business with you.
  2. When a customer begins to interact with you, the clock starts ticking.
  3. They are making decisions very quickly and they’re asking themselves… The seeds of lasting loyalty are planted in this first few moments and whether they germinate, take root and thrive it is all on you. This is what we’re going to cover today.
  4. There is all of this and there is some overlap, but we only have time today to focus on this one part, Engagement, because this is really the front end of a transaction, right? This is how we greet someone to our business and when they are making early decisions about whether they like you.
  5. Tie this back to Employee Synchronicity Paragon
  6. So while you may be looking to expand your brand awareness through mobile marketing or social media ads, the low hanging fruit and the fastest way to cash is actually with your existing customers.
  7. Let me show you the first thing you can do to start this process. If you focused on this one area of welcoming, there’s gold.
  8. Transition statement of how the welcome leads to increased sales