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FREE online courses on CRM - Factors Influencing Customers - Customer Satisfaction

Buyer's satisfaction after purchase depends upon the products performance in relation to buyer's expectations. Satisfaction is the persons' felt state resulting from the comparison of the products expectations. The customer feels dissatisfied if the product falls short of the expectation. The performance needs to match the expectation for customer satisfaction.  Customer feels delighted and pleased if the product performance exceeds the expectation.

Just satisfied customers find it easier to switch over to better option but a highly satisfied customer doesn't desire much to switch over.

How to measure customer satisfaction

The following parameters help to measure customer satisfaction.

·                     Satisfaction score

·                     Loyalty indicators

What satisfied customers have to say

 

Shoppers' Stop Loyalty Plan Pays Off

Loyalty pays, so do loyal customers. Shoppers' stop marketing strategy of hooking loyal customers by offering exclusive sales promotions, in-store events and reward points seem to be paying good dividends. The Rs 276 crore retail chain today has more than lakh loyal customers who contribute more that 45 per cent to the turnover.

A new customer is enrolled as a FCC classic member when we shops for Rs 2,500 or above in a single day and up to Rs 10,000 a year. More than anything else, it is the First Update, a fashion and lifestyle magazine, which seem to be a hit among loyal customers.

 

This August is marked by the launch of ‘skids', a club for youngsters at the retail shop. The club will reward its members for achievements like standing first in their exams besides extra-curricular and co-curricular school activities.

 

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