Telecommunications — Putting the brakes on churn
What it takes to succeed in telecommunications today
Technology isn't everything/Part I - As brilliant as your development team
may be, you won't always be on the leading edge. There are just too many other players,
variables and unknowns. Fortunately, many of your customers aren't just slaves to
the latest and greatest. They recognize that things change quickly and you'll have
a comparable offering not too far down the road. So, to them, it's often not worth
the "change cost" to switch providers at the drop of an app.
Technology isn't everything/Part II - However, your customers will not tolerate
bad customer service. If their relationship with you goes south, there's no reason
to stick around when you're not the flavor of the month. It's critical that you
empower all of your customer-facing personnel with the ability to make things right,
immediately, no matter what the problem is. If you do that, you'll pick up customers
from your competition when you're on the leading edge. And when you're not, you've
eliminated a key reason customers give up and leave.
Hold hands while you run - The advances of one group or department won't
spell success if the rest of your organization isn't in the loop. Your brand is
composed of all the messages sent by your company. If each of those voices is saying
something different, your brand may appear to be schizophrenic - not the most attractive
quality to a customer. So swallow your pride, stop being territorial and ensure
that everyone is walking... and talking... in step.
Treat your customers like hardware - Your service offering may be largely
based on your ability to identify a specific device and know what data it should
receive. But do you apply this to marketing communications too? Instead of segmenting
your customers and sending only relevant information to each one, are you blasting
generic messaging to everyone? Are existing customers getting "New customers only"
offers? If your core competency is supposed to be data mastery, that's a sure fire
way to make your brand look incompetent.
We've Helped Build the Businesses and Brands for:
DIRECTV (2004-2009)
Hughes Communications
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