Insight into digital marketing and cross-selling trends for banks and credit unions.

Blog Topics

Insight into digital marketing and cross-selling trends for banks and credit unions.

Blog Topics
Published
September 15, 2010

Trust = Higher ROI

This month’s focus is all about Rocking your ROI! Let’s begin with a simple equation:

TRUST = Higher ROI

Let’s break down this equation. What is Trust?

  • It is the dependability of your company’s integrity and its abilities – This doesn’t mean that you have to be perfect or error free. This means that even when an error is made your customers know you will do all you can to correct it. When you have this kind of trust, you keep your customers and in turn your profits.  They also come to you for a solution when a new challenge for them arises. Can you say up sell?
  • It is being able to rely on or to have confidence in your company and your products, not only now, but in the future – It is so important that your customers see that you care about your own products and that you are committed to making them better and better as time goes on. Not only will this keep them loyal, but they will feel confident in referring you to their associates and friends.
  • It is boosting your customer’s confidence that their dependence on you is well placed – If you have confident customers then you have happy customers and happy customers are loyal customers and your best champions!

How do you know if your customers trust you? It is easy. Do you have the three R’s – Retention, Repeat Business and Referrals? If the answer is yes, great job! You are already an ROI Rock Star! If the answer is no, time is of the essence. Take the steps now to earn back your customer’s trust. First make good on any promises that haven’t been kept, then add simple steps like keeping your customers updated and informed of new enhancements or products. Most importantly make sure they are receiving exceptional customer service. It is also helpful to ask their opinion. What would they like to see? Ask them how you can improve.

Now go Rock Out!