A customer’s expectation is how they perceive your product or service based on their previous experiences, advertising, and word of mouth. Their expectations directly impact how they respond to your business. If their expectations are met, your customer will likely become a repeat customer. But if they are not met, it is highly likely that they won’t become repeat customers. Retaining customers begins with managing their expectations from their first interaction.
Types of Customer Expectations
When it comes to managing expectations, it’s essential to understand your customers’ expectations for your product or service. Customer expectations can vary wildly, depending on the type of business you’re running and your target market. There are a few common types of expectations customers have across industries:
Ease of use
Customers expect your product to be easy to use. This includes technological products as well as physical products. If your product isn’t easy to use, customers won’t want to keep using it.
Customers expect your product to be of high quality. A low-quality product isn’t worth the money you’re charging for it in most cases. Customers will likely walk away or have to replace the product often. In either case, they won’t be happy with their experience.
Why is Managing Customer Expectations Important?
There are various reasons why it’s necessary to manage customer expectations. First, managing customer expectations shows that you care about providing them with a great experience. If you don’t manage their expectations, they may walk away feeling disappointed or unsatisfied. But if you manage their expectations, you can sway them from feeling this way and turn them into repeat customers. Managing customer expectations also gives you a chance to set realistic goals for your product or service.
Ways of Managing Customer Expectations
Monitor Your Brand Constantly
Whatever brand you own, you should be monitoring it constantly to ensure you’re meeting customer expectations. This means keeping tabs on social media, forums, and other channels where customers discuss your brand. It also means tracking specific metrics, such as the number of customer service requests you receive. You can quickly identify areas where the customer experience could be improved by monitoring your brand.
Respond to Feedback Immediately
Never ignore complaints or negative feedback. Instead, prioritize addressing each issue as quickly as possible. Doing so shows customers that you take their concerns seriously while also providing an example of your brand’s honesty and transparency. If you can’t immediately solve a customer’s problem, let them know when they can expect a solution and follow up on that promise. If a customer asks you to change your product or service, be transparent about why you made that decision and what you plan to do next.
Establish Trust with Transparency
While it’s essential to meet customer expectations in every area, it’s just as important to be transparent about why you made certain decisions. To build trust with transparency, take full responsibility for your actions and mistakes. When someone encounters a problem with your product or service, be honest and upfront about what happened and let them know what steps you’re taking to prevent it from happening again.
If your customers expect certain things from your business, you want to meet those expectations. Meeting these expectations will help you develop loyalty more quickly and keep your customers returning. Managing customer expectations is all about finding a balance. You want to exceed your customers’ expectations, but you don’t want to go above and beyond their wildest dreams. Meeting your customers’ expectations will help you win their loyalty, while going above and beyond may make it difficult for them ever to go back to your competitors.
Avoid Customer Frustrations
Customers expect your business to work the way they want it to. If it doesn’t, they’re likely to feel frustration. Avoiding customer frustrations is all about setting realistic expectations. If you promise to send a package within seven days, you shouldn’t take longer than seven days. If you do, you’re likely to cause frustration for your customer. Setting realistic customer expectations also gives you the chance to avoid frustrations.
Communication is an essential part of managing customer expectations. If you have customers frustrated with your business, it’s necessary to communicate with them effectively. You can use business texting to customize your communication with each customer and send out automated messages. Text messages can help you achieve these goals, from onboarding new customers to delivering service alerts and responding to feedback.
Track Key Performance Indicators
You can use customer expectation KPIs to understand how your customers feel about your product or service. If your customer is experiencing low satisfaction with your product, they may be experiencing a low score on your KPI. Use surveys to understand your customers’ expectations. Surveys are an excellent way to track your KPIs, as they allow you to ask questions about what your customers are thinking and feeling.
When it comes to managing customer expectations, there is no one-size-fits-all approach. Every business is different, and so is every customer. While you can follow some general rules, the best way to manage your customers is to pay attention to them. Keep track of your customers’ expectations and use this information to improve your product or service.