sportCX – the My Customer Lens newsletter 6 – Customer listening

Leading off

Welcome to the sixth edition of sportCX, the fortnightly MyCustomerLens newsletter. This week’s topic is listening to your customers. Done well, customer listening can significantly improve retention and hence fuel participation and revenue growth.

Listening to customers – the foundation of successful customer retention

How many customers did you lose last month? How much will it cost you just to replace the members/revenues you already had? Why did those customers churn? If your first thought is “too many”, “too much” and “we’re not sure” then the solution is listening to customers.

Customer retention remains a challenge in many industries, but while the products and language vary, the underlying reasons are remarkably similar. The majority of customers churn because their needs or expectations changed and the organisation didn’t realise. The organisation had data, research and segmentations; but they weren’t actually listening to customers.

Click here to read about making customer listening the foundation of your business improvement  processes

Outside-in

GAP respond to feedback from a 5-year-old customer

A nice story that shows that great customer feedback can come from anyone/anywhere. Of course you can’t hear these ideas if you’re not listening..!

Click here to read the full story on Inc.com

Constructive feedback is your most powerful asset. Use it.

Receiving feedback can be difficult, especially when you’ve already worked hard to develop or deliver something. But successful innovation can be fuelled by listening to and collaborating with your target customers.

Click here to read the full story on Inc.com

Are team’s relationships with fans becoming just transactional?

Should sports teams care about the loyalty of their fans?! Interesting article from Seth Godin on the NFL’s decision to let Oakland move to Las Vegas. It asks whether teams should expect, and hence cultivate, a long-term relationship with its fans. Or have bums on seats become more important than who’s in those seats?

Click here to read Seth Godin’s article

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By |2017-12-12T14:25:36+00:00April 3rd, 2017|MyCustomerLens newsletter - Customer Insider|0 Comments

About the Author:

Paul Roberts is CEO & Co-Founder of MyCustomerLens. While MyCustomerLens is a start-up business, the idea has arguably been developing for 20 years. During this time Paul has worked in the UK, Australia and New Zealand; within the sport, banking, telecom and energy industries. The common thread has been his passionate belief that the secret to achieving customer and revenue growth is having a rich and shared understanding of your customers, and then using it to make faster and more informed decisions across the organisation.