Helping Small State Businesses and economies grow, through research, strategy, marketing and innovation
Friday, July 22, 2011
Watch your words, even when they are written
Temporalmente sera pa motibu di problema ku kassa!!!!
Translated: temporarily closed due to problems with the cash register!!!!
So I wondered:
1. Why all the exclamation points?
2. An apology for the inconvenience would have been nice.
Tuesday, August 28, 2007
Wanted: Mystery shoppers
Because of our increased mystery shopping load, we are looking for more mystery shoppers.
A mystery shopper poses as a customer, visits an establishment, and later evaluates the product and service of the client establisment using a standard evaluation form.
Mystery shops take anywhere from a few minutes to a few hours to a few days, at varying times, depending on the client. Shoppers are paid for their efforts in cash and/or kind. It's a fun way to make extra money or get something free.
Mystery shopping, also known among others as shopper audits, and secret shops is an efficient way to:
- measure is service is being performed according to the establishment's standards
- determine training needs
- compare competitors
Shoppers must have internet access every day and be over 21 years of age. Please send an email with: name, gender, age, telephone number to info@markstra.com.
Monday, May 7, 2007
Do you know what your customer REALLY values?
This is a story to show how sometimes companies emphasize some aspects of service that have no value to the customer and neglect the ones that do.
Two weeks ago on a Thursday morning, I called a company where I am a client to make, what I considered, a routine request for a document. I was in a session all afternoon, but my cell phone kept ringing off the hooks, showing a number I did not know. I came to the office to find several messages. My document was ready... already! This speed was way beyond my wildest expectations for I am not now (or will ever be) a VIP client.
"You can pick it up tomorrow", they said. "Well, thank you," I said, "but picking it up is quite inconvenient for me. Can you mail, fax or email it?" "No,", they said. "For xyz reason that's not possible."
So, a few days later I went to pick it up. It wasn't there! Actually, it was there, I later learnt, but it was with the person responsible for VIP's. And it just happened that that person had gone to the bathroom when I got there.
I picked up the document last Thursday: 2 weeks later!
The lessons?
- I didn't care to be treated like a VIP. I just wanted that document mailed, faxed, delivered, emailed to me. Or, if all else failed, not have to make the trip twice. That is what was "valuable" to me, what helps me. Do YOU know what your customer finds valuable? It's not always what you think.
- All this investment in "speed" at the front end, and the client still got the benefit two weeks later (and is "blogging about it), because you did not control the whole delivery process. What did it cost you to control that additional step? US$ 1.30 maximum?
- Make sure the "VIP client" knows what to do when the "employee-in-charge-of-VIP's goes to the bathroom.
Thursday, April 26, 2007
Bid on a mystery shop: support hospitality scholarships and outreach
MarkStra has donated two (2) mystery shops: A two-day shop for hotels and one for other types of organizations. Sorry, shops can only be done in Curacao. A lot of the other prizes can be bought by anyone, though.
What can you use a mystery shop for?
- to find out if service standards are being adhered to. Are the phones being answered as agreed? Are customers greeted and thanked appropriately? Do they get the correct information? Are complaints handled in a way that customers would find pleasant? Do employees try to up-sell and cross-sell? Do customers feel that they got the product and quality that you advertised and they paid for? Do they get receipts, without asking for one? Etc.
- to find out what the customer's total experience is, if this is good enough or if it has that "wow" factor. Do your procedures make sense? Is the atmosphere pleasant to the customer? Do employees have a pleasant attitude? Do all these issues reflect your brand's attributes?
- to find out how your service and experience compares with the competitor. What do you do better? Can you use this as a selling point? What might you want to copy? You may not use the CHATA bid for this type of shop, though.
Who can benefit?
- any organization with face-to-face contact, including retail stores, hotels, car rentals, banks, brokers, restaurants, airlines, touristic attractions, etc.
- call centers: reservation, help desks, information
- organizations with an online presence. How do prospects experience your site? Does it convince them to buy?
What are the "procedures" if you win?
Together with you we will:
- determine what you want to know or improve
- develop a questionnaire with ample space for comments
- send a certified representative to your location, who will pose as a true customer or guest
- within 5 to 10 days of the shop we will be ready to discuss the reports and comments with you
To clarify: if the shop involves a purchase, the deal is that we will advance the purchase and that you will reimburse us afterwards.
Hurry: Auction closes Wednesday, May 2, at 11am.
7 ways to use market research
Often we think of market research as a way to get insight from customers with regard to our own company. But, that's not its only use. Here are some ideas:
- measure, rank and score yourself on issues that are important to your organization (Key Performance Indicators) or the customer (Customer Core Values). Don't bother measuring things that are not important to either you or the customer.
- check out your competitors. So, you know who to copy (and in which way), whose customers to go after (because they are dissatisfied) or leave alone (because they are way too loyal). Maybe you are uncomfortable asking about your competitors, but an independent researcher is not.
- find out if the perceptions that employees have of their organizations matches the perception of customers and make adjustments when and where necessary.
- establish a common starting point (a common data-backed assumption) in your organization with regard to opportunities. This, so that innovative ideas are not shot down or delayed just because of different suppositions. This is especially true when the decision-makers have varying degrees of experience with the issue or look at it from different angles. An example: the director and supervisor may have different assumptions. Whose is most likely to be correct? Whose is most likely to "win" without independent insight.
- determine desired ROI. For example: Based on the research data, can you gain 5% market share? What would be the source of this growth? How much would it cost? Is it worth the effort?
- If your organization is not yet into ROI, you can use the data to set quantifiable and realistic objectives. Example: if the research shows that you have a 50% market share, is it realistic to set an objective of 25% growth over the next 12 months? In other words, you need to know what your market share is. Otherwise you can't determine if your growth objective is realistic.
- create a unique value-added experience. Nowadays it's not just the product that is important. It is the experience when purchasing or perusing the product, online or offline, that is. Through research (mystery shopping) you can find out what customers find a "wow" experience.
Which market research method when? A quick guide
But, in reality there are several methods of research. In this post I will give a quick run-down of three methods and a quick guide on which to choose when.
In a small market when the incremental benefit/profit from the research findings for your organization may be limited, it is important to make the right choice. It is also important to know in advance how you are going to use the data and to make sure you have the resources to use the findings.
3 Basic Market Research methods
- quantitative research - mostly to measure in a numerical way. The result will be a score, a ranking. It will reflect issues such as frequency, (average) amount of usage, market share, preference.
- qualitative research - mostly to explore the breadth of opportunities, innovative ideas, possible service improvements, possible next trends. This can be done through questioning or observation (looking at how exactly customers use a product).
- desk (secondary research) - using existing data, public or private, local or international to extrapolate, draw inferences and make forecasts.
When to use quantitative research?
- when you already have some relevant specific information. For instance, if you already know what guests find important in a hotel (the core values), you can then measure how your hotel scores with regard to those core values.
- when you plan to do the same research regularly in the future. For instance, if you are going to invest in customer service training, you can measure over time if and how much this has improved service. Or, if you plan to increase your rates, you can measure, over time, how this affects your occupancy and guest satisfaction and perhaps that of your competitors.
- when producing a number, a score or a rank is important because "the boss" wants to see a number or the organizational culture expects to see a number. That's a quite valid reason.
When to use qualitative research?
- When you have no information at all. For instance, you have no idea how and based on what people choose a hotel, restaurant or car rental. Sometimes the reasons customers act the way they do are by no means obvious or rational.
- When you want some customer insight, feedback, suggestions, ideas with regard to innovative product or service improvements, branding, pricing.
- When you really want to understand the customer's deeper thought processes. Qualitative research is most often an interactive conversation, sometimes in a group. Ideas, reasons, perceptions and preconceptions can be challenged, probed, explained further, enhanced, struck down. As markets become more saturated, it is the deep understanding of the customer's motives that provide ideas as to how to target the customer better. Knowing this well and being the first to know, provides a competitive advantage.
When to use desk research?
- when you are in the orientation or initial phase of a new product or service idea. Often you have no information at all. And, since you are not sure whether the idea will fly, you may not want to make a large investment.
- When you know that a lot of data is already available, locally or internationally. You can always draw preliminary conclusions based on data that is not your own. The Internet is a tremendous help for you (and both a colleage and a competitor for us). An often overlooked source are market research agencies. They have insight into many industries based on previous work. Yes, MarkStra does too, especially with regard to (alcoholic) beverages, health care and pharmaceutics, banking and Caribbean markets in general.
- When, quite simply, you don't have the budget to collect your own primary data.
Sunday, March 4, 2007
Consistent Customer Care
People often wonder how some companies achieve consistently good service. One way is through careful recruiting. Another way is by setting standards for employees. This ensures that what they say, how and to whom are within what the company finds acceptable. This, in turn, ensures a consistent level of service every time. A consistent predictable level of service is also part of your brand.
Setting standards
Does your company have standards? Do your employees know how and how fast you expect phones to be answered and within which time limit to return calls or emails? When to speak to shoppers wandering in the store and what to say? How you expect them to deal with angry customers? To thank for the business and how to do so?
You can also set standards to ensure more up-selling and cross-selling. Some companies’ associates consistently ask: “Would you like dessert with that?” Do you realize that that dessert could add 25% to the sale?
Measure, reward or retrain
Setting standards or providing training without measuring if the standards or training lessons are being applied, is throwing money down the drain. Do you measure if employees are applying what they learnt? Mystery shopping is one way to measure. The results show if you must reward or retrain your employees.
Customer feedback forms
These are also extremely useful, if you use them consistently and with specific goals in mind. For instance, it is better to make sure every customer gets a card and most fill it in on a specific day, than to have 20 cards filled out by chance over a period when you no longer remember what was going on. Do it the first way and you will know where to make changes or which changes were effective. Do it the latter way and all you have is data you don’t really want to process and analyze.
MarkStra can help
- Setting customer care and sales standards
- Setting up and executing mystery shopping programs
- Developing customer feedback programs and processing the forms
Wednesday, January 31, 2007
Mystery shopping and the customer experience
While mystery shops are great for checking out the competitor, auditing prices, and checking the integrity of team members, I believe the thrust has been to measure quality and whether team members adhere to certain standards when providing service.
But now, companies are going a step further, to use mystery shops to help them develop a unique experience or to measure if they have been successful in providing the experience they sought to create.
An example: Some time ago I walked into the lobby of a hotel. One of the first things my eyes rested on was a garbage can: a clean, empty and neatly placed garbage can. In traditional mystery shops that would not necessarily be counted as a negative. After all, nothing was done wrong and nothing was filthy. But when trying to map (or create) the customer journey, it certainly will because who wants to have a view of a garbage can.
And, by the way, creating a unique experience is as easy in a small market and for a small business as it is in a large market and for big business.