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19 June 2013

News - Research shows that buyers want self service

By SalesProEd @ 09:55 :: 1272 Views :: 0 Comments :: Article Rating
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Fifteen years ago, companies forced consumers to perform certain tasks themselves. When banks started charging customers for not executing their own transfers this led to widespread protest. Today the world looks very different: a company that doesn’t offer a self-service solution has to suffer the consequences.

In order to create an accurate picture of this trend, I conducted a global survey in collaboration with SSI, who conducted the actual study, and translation agency No Problem!.

The conclusion is inescapable: the majority of consumers favor a self-service solution, including the safety net of personal contact if the consumer so chooses. This trend is even more apparent in countries like China, Brazil and Singapore than is the case in Europe or the US.

Self-service in every step of the customer relationship

When mapping out a self-service strategy it’s useful to consider every single step in the customer relationship. Self-service relates to the pre-purchase phase as well as to the purchase as such and any questions that may arise following the purchase. Pre-sales: consumers make their own enquiries regarding a purchase. Quite often, 70% of the decision has already been made before a consumer contacts a company. 27% prefer to ask commercial questions over the phone whereas 56% opt for the self-service approach.

Sales: the exponential growth of e-commerce shows that more and more people want to stay in control of the purchase process.
·         Post sales: 35% prefer to ask questions over the phone, 48% choose the self-service option.

Strengthening the self-service economy through the use of data

The self-service economy can cement itself through the intelligent use of data. Data can improve the quality of the customer relationship in every phase of that relationship. As long as it’s to their own advantage, consumers are generally open-minded when it comes to giving companies access to their data.

·         48% would like to receive personalized offers
·         43% would like to receive bespoke promotions
·         33% are interested in personalized advertising
·         62% want faster and improved purchase possibilities through the use of client data
Post sales:
·         48% want companies to be able to track data through various channels so they don’t have to repeat themselves
·         81% are quite willing to grant access to data to help cut waiting times

The self-service economy is a win-win

When the self-service principle first started to take root, the underlying motivation for companies was often a search for efficiency. In their desire to create a super-efficient organisation, it seemed only logical to have the client perform certain tasks.
Today, the self-service principle can be much further-reaching. Self-service has the biggest impact when based on a win-win philosophy. The primary goal should always be an improved customer relationship. The advantages for the organisation are efficiency as well as higher profits.
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