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What Does It Mean To “Really Add” Customer Value?
Blog / Entrepreneurs / Aug 24, 2016 / Posted by Meridith Elliot Powell / 3691 

What Does It Mean To “Really Add” Customer Value?

The experts are telling us that in today’s economic environment if you want to keep and build your customer base then you need to learn to add value. Value is your differentiator, value is what will make you standout from your competition. So what does that mean to “really” add value? Isn’t it enough that you deliver a high quality product or service to the prospects and customers who want it, why do you have to add value?

Because in today’s economy what you sell, your product or service has become a commodity. Think about it, from the customer’s point of view, in this day and age of the internet and global competition, it not the product your customers are buying it is the service. In other words the extra added value they believe they are getting. So no, it is not enough to just to deliver a high quality product or service.

What these experts really mean when they say we need to add value is that you need to more proactive, more tuned in, and more action oriented when it comes to creating the customer experience. You need to create the opportunities to provide the kinds of things that make your customers say wow, makes them tell their friends about you and best of all keeps them coming back.  You need to add value in a way  that makes them emotionally connect to your company, and do things that make them realize (without you telling them) that you are different from your competitors.

Adding value is more art than science and to do it well you need to do it consistently and seamlessly for your customers. Let’s take a look at an example, a missed opportunity to add customer value. Last week, I received a letter from the attorney I use for our legal services. The letter was asking my husband and I to contact their office to set up an appointment if we had any questions or concerns about our estate. The letter also asked that if we preferred to be contacted by email to simply call the office.

Well, that sounds like a pretty good letter right? I mean they were proactively reaching out to their client base to make a connection. They were offering to help if we had questions, and even went so far as to ask how we would prefer to communicate in email, call or in person. Well, let’s look a little closer, while they technically did everything right, they missed the opportunity to really add value.

Here is the rest of the story. I have been clients there for over three years, and I always communicate through email. I made it clear right from the start, with any of our service providers, that the best way to communicate with us is through email or via cell phone. Part of adding value is being easy to do business with, and understanding (and remembering) how your customers communicate is a big part of that.

As I did have questions, I went on to email the office to schedule our appointment asking for a Friday about three to four weeks out. The response that I received via phone call was that our attorney was not available on that date, and I was given some Tuesday and Thursday mornings she had time to meet with us. Now again, I have been clients for three years, and each time I schedule appointments I have to remind them that I see clients each day Monday through Thursdays 8 a.m. to 5 p.m. And I can only meet after hours or on Fridays.

Lastly, my attorney’s assistant let me know that I needed to grab one of those dates she offered as soon as possible, as my attorney is very busy and she could not guarantee the availability of those dates.

I trust that my attorney, by sending this letter and having her assistant calls me, wanted us to feel valued and engaged as clients. But, at the close of this letter I felt more emotionally disconnected than I had before I received it. Why? It is clear to me they do not really listen to what I say. The very fact that I got a letter asking me if I would prefer to communicate in email, after I have already told them I do. The very fact that I have shared my schedule with them over and over, yet they still try to schedule me on Tuesday and Thursday, and lastly the reference to how busy my attorney’s schedule is made it sound as if they are doing me a favor in setting this appointment. I mean I am paying for it, shouldn’t accommodating my schedule be more important?

So what could our attorney and her assistant have done to “really’ add customer value, and what can you do to use value to stand out from your competition. First, make a commitment to get to know your customers and listen to them. Take notes, make lists of what is important to them and what they need to feel important. Two, remember! If you asked a question about how they want to be serviced, then remember it. While asking questions is part of adding value, listening and following-thru as it relates to their needs is what completes the process. And third, be proactive. Offering ideas, strategies and ways to improve your clients experience before they ask is what really makes you standout from your competition and makes your clients go WOW.

Again, in this economy competition is fierce, the consumer is far more selective, and the available cash to spend on services is limited. Do yourself, your business, and most importantly your customer a favor, and listen to them, acknowledge their needs, respect their time, and remember the details and unique aspects of your relationship with them. Your return on investment will be well worth your time.

About Author

Voted one of the Top 15 Business Growth Experts to watch, Meridith Elliott Powell, CSP, is an award winning author, keynote speaker and business strategist. She helps her clients decrease stress and increase profits through her work in sales, leadership and employee engagement!

Author's Publications on Amazon

For sales people, business owners, and executives who need to know how to identify the right prospects; build quality relationships, and maximize their sales efforts, this book provides solid, actionable answers.
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Whether you work in sales or sales leadership, this book is—hands down—the resource you need right now. Comprehensive strategies. Straight talk. Brilliant insights that can transform your career.
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Every organization needs a plan for leadership succession, but few leaders know how to start the process. "Who Comes Next?" solves that problem and easily guides you through the steps of creating and implementing a viable succession plan.
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