To Fight The Great Resignation, Businesses Need Empathy Driven Innovation

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Technology today presents us with a paradox, both as consumers and professionals. Increasingly, the productivity and communication tools we’ve become so reliant on are negatively affecting our well-being and personal development and hindering our professional growth. While most of us are constantly connected by technology, an alarming number of people feel more disconnected and isolated than ever.

One place where technology’s unintended consequences can be most dramatically felt is the business world. The challenges of two years of the pandemic have left people wanting authentic connection in all parts of their lives, including with the companies they do business with. Customers are no longer buying on brand, product, or price alone.

They’re demanding more than a transaction—they want a relationship, and the conveniences that technology provides aren’t enough to fill the gap. At the same time, employees are buckling under a growing epidemic of stress and burnout, which is driving The Great Resignation.

This combination of forces—greater expectations from consumers and increased burnout from employees—is why companies have seen the lifelong loyalty they thought they’d earned disappear with little more than a tap in an app. Employees and customers alike are unplugging from companies who refuse to care about them.

The most common response by big business to market challenges like these is to double down on efficiency, even if it means de-emphasizing customer or employee experience. Make things faster or cheaper than the competition, the thinking goes, and better business outcomes will follow.

That’s exactly the wrong approach—one that was outdated even before the pandemic began. What the world needs now is empathy-driven innovation. What if empathy—a company creating an employee and customer experience by putting itself in its employee’s or customer’s shoes and relating to their unique experience—drove successful business outcomes more than simply focusing on efficiency?

Everything changes when companies make the conscious decision to design person-centric instead of business-centric experiences around empathy for their employees and customers. Efficiency and effectiveness then become loyalty-creating metrics instead of cost-cutting measures, and empathy emerges as an exponential force multiplier.

The old ways are dying. Organizations that invest time and resources into driving short-term, company-focused efficiency and effectiveness without empathy will fail to survive in this new, incredibly interconnected era.

No matter the industry, empathy can and will be the defining variable that creates trust. And trust builds loyalty. businesses operate. Fundamentally. Empathy, not efficiency, is the answer to burnout and the way for companies to avoid finding themselves on the losing end of The Great Resignation. It’s also one of the most underleveraged assets in building meaningful connections with consumers.

We won’t solve talent attrition with more technology that only drives people to work faster and deliver more work. Flexibility, paid time off and work perks are great, but businesses need to go further. Well-being is not a perk—it needs to be embedded into the workflow itself. That’s the only way to prevent stress from becoming cumulative, which is incredibly damaging to health and well-being.

As dangerous as cumulative stress is, the solution is deceptively simple: Take short breaks throughout the day. Neuroscience shows that even 60- to 90-second breaks are enough to break the cycle of cumulative stress.

One example of putting this into practice is a first-of-its kind solution by Thrive and Genesys, a software company that specializes in cloud customer experience orchestration. The solution delivers science-backed, 60-second “Resets” to contact-center agents at companies that use Genesys software—in real time when they need it most. In addition to improving agents’ well-being, allowing them to reset in real time empowers them to create a more empathetic connection with customers.

Companies need more human-focused technology with empathy as the purpose—not efficiency. We’re calling on businesses to rebuild their relationships with their employees and create a workplace that puts employee well-being front and center.

With the right focus on what really matters most, we can use technology to de-stress, unclutter, reset and recharge. We can rebuild the relationships that are critical for all of us to live healthy and productive lives. And by tapping into our empathy, we can create experiences that bring us together like never before.

By: Arianna Huffington and Tony Bates

Source: To fight the Great Resignation, businesses need empathy-driven innovation | Fortune

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Makeup That Breakup: 6 Tips For Wooing Back Lost Retail Customers

Here are six ways to win back lost customer love....getty

Seven in 10 relationships reportedly fail within the first year. Are retail-customer relationships any better?

This is the right time of the year to think about it, when millions of people are celebrating their love and relationships. Because for millions of others, this time of year serves as a reminder of love lost, or love never found. And retailers don’t escape this reality.

Retailers and brands are, in fact, in a constant state of wooing, tasked with convincing every single customer that she or he is special; perhaps “the one.” Sometimes they hit the mark, sometimes they don’t. (Case in point: those out-of-the-blue, “Just for you because you’re one of our very best customers” emails to customers who haven’t shopped with them in years.)

Yet the customer retention rate in retail is just 63%, compared with 75% in banking and 78% in telecommunications, according to the payments services company Paddle. After all, it’s relatively easy to leave one retail site or store for another, and oftentimes, the customer has a good reason to shop somewhere else – price, lack of convenience, lack of product, or just general disappointment.

If Your Shoppers Come Back to You, They’re Yours

But customer disappointment doesn’t have to last forever. Retailers can redeem themselves of the common mistakes most likely to cause a customer breakup. Following are six of those breakup triggers, and makeup tips.

  1. You forgot about the date. A retailer doesn’t have to be a Romeo to know that when shoppers show up at the store – by its own invitation – they expect the goods to be there. Yet in late 2022, Chain Store Age reported that 71% of consumers said they were frustrated that out-of-stocks are worse now than before the pandemic. Nearly 60% just switched brands when that happened. Makeup advice: The leading causes of out-of-stocks include inaccurate forecasting and inventory counts, according to Oracle Netsuite. Hey, we all make mistakes, and shoppers may forgive them when the retailer owns up to them. Signage can post online order information for out-of-stocks, so shoppers can get what they came for (ideally, with free shipping).
  2. You were late. Shoppers are increasingly less tolerant of late deliveries. In a 2022 survey by Voxware, 65% of consumers said they would completely abandon a retailer after two or three late deliveries. Makeup advice: Update, update, update. By email, by text, by phone, if necessary. Whole Foods and Amazon set an example to follow with their two-hour delivery service. It sends notifications when the order was placed, when it is being packaged and when it goes out for delivery. Further, tracking options allow the shopper to see exactly where the delivery is en route, and how many stops it is from its destination, so no surprises.
  3. You’re a bad communicator. Any retailers that request customer contact info should be sure it’s got Cyrano-level communications skills. Know your audience – don’t send sweet offers to Roxanne that make no sense to her. And work on your topics of conversation. If you send the same types of messages, over and over, she’ll stop listening. Makeup advice: Choosing the right word requires retailers and brands to first listen and hear what is important to their best customers. Keyword searches, competitive research and customer service correspondence can provide guidance. Cyrano de Bergerac had a great nose, but even better ears.
  4. You forgot your date’s name. Even if a retailer is a good communicator and sends promotions that engage the customer, that retailer loses credibility if it addresses the offers to “Dear Customer.” The shopper may continue to take advantage of the deals, but nothing else, because it’s clear the retailer can’t be bothered to even remember a name. Makeup advice: Use loyalty programs and memberships to personalize customer correspondence. Retailers can train team members to use the shopper’s name when it is available. Hotels are very good at this, because their employees know their customers are really guests. Retailers would do well to adopt the same mindset.
  5. You were used. This tends to occur when retailers woo new reward program members with generous signup perks. This can be an effective enrollment tactic, but a good number of new members may never be back. Makeup advice: In the best relationships, it’s understood that you can’t be all things to one person. Retailers can show one-and-done shoppers that there’s much more to them than meets the eye. Co-branding reward program partnerships, such as those between Kroger and Shell or Target and Ulta, offer a more complex and enriching program relationship.
  6. You were boring. Look around at the competition, retailers. Dollar General has glammed up its look with the youthful chain Popshelf. Walmart is testing interactive concept stores. Amazon has stopped rolling out Amazon Fresh stores until it figures out how to distinguish them from the competition, RetailWire has reported. Makeup advice: A retail experience that stays exactly the same is reliable, yes, but it can become so ho-hum. This is where retailers can spot shoppers who come for habit, not for loyalty. But loyalty can be won if the retailer follows its shoppers and makes small adjustments to help them feel more important. These do not have to be expensive tweaks. Walmart’s concept store includes improved lighting, a simple effort that can extend a shopping date.

Lastly: You Didn’t Call Back!

Look, pretty much every shopper transaction is tracked today, so the capabilities exist to send even in-store shoppers a text or email after a purchase to thank them and ask for feedback (maybe another shopping date?).

These follow-up communications must stand up to scrutiny. They need to be thoughtful, complimentary and generous in sentiment. Like Tesla did in 2016, when it sent buyers of its Model 3 hand sketches of the vehicle. Or how beauty brands do, when they send free samples with online orders.

However, retailers should not act desperate. The whiff of desperation is real (looking at you, Bed Bath & Beyond). Profitable courtships take momentum, while on-again, off-again shopper relationships can cost a lot. Know when to let go.

https://i0.wp.com/onlinemarketingscoops.com/wp-content/uploads/2023/02/400x0-14.jpg?resize=66%2C66&ssl=1

I have been building and sharing expertise in the retail industry for 20+ years. My wheelhouse includes customer relationship management, shopper

Source: Makeup That Breakup: 6 Tips For Wooing Back Lost Retail Customers

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Why You Should Always Be Thanking Customers

As an ecommerce merchant, you’re probably wondering what you can do to show your customers some gratitude for their continued loyalty. After all, without your customers your store is just another website!

Before we begin looking at the reasons you should be thanking your customers, I would like to start with a quote about customer experiences that came from a rather unlikely source:

“Kind words can be short and easy to speak, but their echoes are truly endless.”…Mother Teresa

While there are many ways this quote can be interpreted, here is my take on it: sometimes, we can forget how easy it is to make someone’s day. A simple thank you or personal note can have a lasting and meaningful impact on a customer, and help create an emotional connection they won’t soon forget.

So what’s the impact of thanking customers in the world of ecommerce? I’m sure you already know that you should be thanking customers all year round and not just around the holidays, but you may not know the reasons behind supporting this line of thinking.

Reasons to be thanking customers

Your customers want to feel valued

No one likes being in a one-way relationship – the kind where you’re the only one committing any time or attention to keeping it going.   When you’re always giving and never receiving, it’s easy to feel unappreciated and undervalued.

60% of businesses have lost a customer because they feel the business is indifferent to them…Customer Experience Insight

The same is true in ecommerce. When customers are committed to your brand community, they want to feel like you care about them as individuals.  Otherwise, you run the risk of them taking their business elsewhere. This is one of the biggest contributing factors to a customer choosing to shop with another brand.

While you might assume that most customers choose competitors based on prices and products, 9% of customers leave because of what a competitor is offering while 60% of businesses have lost a customer because they feel a company is indifferent to them. Clearly customers expect a little gratitude in return for their business.

In order to avoid losing them, the simplest thing you can do to make a customer feel valued is to continually thank them for being part of your community.  Through email communications, social messages, and handwritten notes, you can remind customers that you are aware of their business and appreciate it. Trust me – you’ll be glad you did, and you may even create a couple of brand advocates in the process!

Thanking customers has financial benefits

If making your customers feel valued isn’t enough motivation to thank them, maybe the fact that gratitude has financial benefits will be!

Studies have shown that 38% of customers attribute a good customer experience to personalization, and a good customer experience is what will keep delighting your customers.  When your customers are happy, they’re bound to come back to your brand, join your community, and make more purchases as a result!  In fact, shoppers are willing to pay more in order to get a better customer experience, meaning your gratitude has the potential to skyrocket your profitability.

86% of shoppers are willing to pay more for a better customer experience.
Oracle

If we put those two points together, we can see that customers want a personal, emotionally driven customer experience. As a result, building a personalized experience leads to a better customer experience which customers are willing to pay more for.

If you want to increase profitability, start getting personal!

When you acknowledge each of your customers individually for being engaged members of your brand community, you demonstrate a desire to get to know them and continue building that relationship. This personal attention goes a long way towards endearing customers to your brand, so making sincere “thank yous” should be a key component of your ongoing business model.

How to start thanking customers

Now that you know why thanking customers is important, it’s time to start doing it! Since there are an infinite amount of ways to thank your customers, it’s important to find a way that makes sense for your business, your brand, and above all your customers.

Here are 5 simple ways that you and your business can start thanking your customers.

1. Include a thank you note with every order

This is by far one of the easiest and most effective strategies to start implementing, and can take any number of forms. Whether you thank your customers on social media or with a handwritten note inside the packaging, you can brighten their day by acknowledging their business every time they place a new order.

Besides making your customers smile, this will also help set your business apart. Most ecommerce packages are only shipped with the product, some packing peanuts, and an invoice – an experience that feels completely impersonal. When you include a personal message, you turn the entire experience (even after the sale!) into an opportunity to strengthen your relationship with the customer. This turns a simple order into an exchange among friends.

2. Provide customers with value-add content

Value-add marketing is an extremely powerful tool to help improve your customer experience. Not only does it provide extra value for your customers, but it also becomes a valuable resource for your not-yet-customers! So what does value-add content look like?  For starters, you can provide customers with a learning centre or knowledge base where they can increase their knowledge about your product or industry.

A fantastic example of this is Bare Biology, who offers customers access to an online magazine that discusses everything from fitness to beauty. This lets Bare Biology highlight their industry expertise while also helping customers find articles related to a brand they love.

This type of content will look different depending on what your business does.  For example, if you’re a fashion retailer, you could offer customers a style guide on your site that inspires their next outfit.

Whatever you choose to do, this additional content acts as value propositions that improve your customer experience and position your brand as the industry expert. These considerations demonstrate your commitment to helping customers get the most out of your brand at no additional cost.

3. Think of the individual as well as the group

As I’ve already mentioned several times, customers love personalization! This means that you need to start thinking about your customers as individuals who belong to your larger brand community.

This individual personalization can take a number of different forms.  For starters, you can address customers by name in your marketing and post-purchase emails, or even thank them for another year of business every year on their birthday.

No matter how you choose to do it, approaching each customer as an individual is the perfect place to begin to say thank you on a deeper and more meaningful level.

How to Build Emotional Connections When You’re Separated by a Screen
Emotional relationships don’t have to be hard to build from behind a screen. Learn how value-add marketing and brand communities have the power to connect you to your customers in ways that have an incredible impact on your business.

4. Send a handwritten letter

In a world driven by beeps, clicks, and keystrokes, there are few things as exciting as receiving a handwritten letter. There’s something special about knowing that someone took the time to sit down and address them personally that makes it immediately more valuable. This goes a long way in a world that has become obsessed with automation, and will help you further distinguish yourself from your competition.

Take a look at this example from Jimyz Automotive. This customer experience went viral on Reddit immediately after it was posted, with many Reddit users commenting that they actually knew the business and loved Jim, too.

The customer that received this letter is sure to remember it for a long time, and you can bet that the next time they need car service Jimyz Automotive will immediately come to mind!

5. Throw a thank you event

Nothing is as impactful as a thank you given face-to-face. Even though it can be difficult with customers all over the world, there are ways to do it! You can thank your customers on a much smaller scale without diminishing your gratitude’s impact.

Two great ways to do this is by inviting customers to attend a webinar or a podcast. You can sweeten the pot by inviting a celebrity or micro-influencer to address your customers all at once.  This is a great way to minimize expenses while still delivering an above-and-beyond experience.

Don’t feel limited to only using these ideas, though.  If you have the resources to run an in-person customer appreciation event, do it!  Inviting your customers to spend time with other valued members of your brand community is a great way to make them feel special and appreciated – especially if they’re given a little something extra.

A free gift, special meet and greet, or bonus discount are only three of the ways that you can turn a regular Friday night at your store into a wonderful evening of value for your loyal customers.

A personal thank you story

Now that you have seen some of the many ways you can start thanking your customers, I want to share an example of a business showing me thanks! My example comes from a bank, of all places. I had gone into the bank to convert some money for my upcoming trip to the Dominican Republic, and mentioned to the teller that my girlfriend and I had been dating for 5 years and the trip was our way of celebrating.

When I returned from my trip, I had a hand-written postcard from my bank in my mailbox saying that they hoped my girlfriend and I had a wonderful time on our vacation and thanking me for my business.

This personalized thank you blew me away! It left me feeling valued and important, and guaranteed that I will continue to do my banking with ScotiaBank.

If this small gesture can guarantee my customer loyalty, imagine what a combination of thank you gestures can do for your customer base!  At the end of the day, thanking customers is a huge step towards a thriving brand community that will keep your customers happy and coming back time after time.

By:  Alex McEachern

Source: Why You Should Always Be Thanking Customers

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Related contents:

Want To Save Tons Of Money In Your Business? Focus On Customer Retention Forbes

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The Looming $62 Billion Crypto Contagion

Illustration by Gracelynn Wan for Forbes

In 2017, cryptocurrency exchange Binance created the first of a new kind of blockchain-minted digital asset: BNB coin, designed to reward customer behavior such as trading or referring friends to its own platform. “A model for building a scalable, and impactful cryptocurrency business,” heralded CoinDesk editor Pete Rizzo in 2019, after Binance moved the coin to its own proprietary blockchain. “Unbelievable brilliance.”

Today, the only unbelievable thing about the whole cloth of crypto inventions known as exchange tokens, like BNB, is that they have inflated to tens of billions of dollars in value and in large part have become the foundation upon which the fast-growing digital-assets markets rest.

The weakest link in former billionaire Sam Bankman-Fried’s crypto empire was FTX’s own exchange token, which traded under the symbol FTT. According to Reuters, Bankman-Fried had lent his trading company, Alameda, billions of dollars in FTX customer funds, collateralized by these FTT tokens, which were essentially invented as a way to offer trading discounts and other perks.

“The way that FTT works,” said Bankman-Fried in an August 2022 interview with Forbes, “It is not that you get free FTT for doing things. The way to think about it is that you get free shit for having FTT. So, there’s a bunch of doo-hickeys.”

At the peak in 2021 FTT had a market value of $9.6 billion, but unlike a common stock, which represents legal ownership in the assets of a corporation, FTT does not represent any equity ownership in the FTX company. If FTT had any intrinsic value, it was in the form of discounts that FTX customers using these tokens could get trading on the exchange–as much as 60% for active traders.

You can think of these exchange tokens as being akin to loyalty or reward points you might get as a frequent customer of Starbucks or the UnitedMiles by flying on that airline. They have value, but it’s unlikely that a bank would allow you to use them as collateral if you wanted to purchase a home.

However, in the highly speculative and often bizarre world of digital assets, these loyalty tokens trade on numerous crypto exchanges just as stocks do on the New York Stock Exchange, and FTX founder Sam Bankman-Fried reportedly used them as collateral for the loans his company made. Up until a week ago FTT traded at $26 and had a market capitalization of $3.5 billion.

But after Bankman-Fried’s rival Changpeng Zhao, Binance’s billionaire founder, went on Twitter to say he was planning to sell over $500 million of FTT, it sparked the crypto equivalent of a bank run. Today FTT sells for $2.70, and given FTX’s recent bankruptcy filing, it is likely headed to zero.

But the story of exchange tokens in cryptoland is far from over. Forbes counts more than 16 global crypto and DeFi (decentralized finance) exchanges currently using these tokens for a combined market value of no less than $62 billion.

In fact, so-called exchange tokens are an important underpinning to the crypto exchange ecosystem because they are effective in creating customer loyalty–especially when token prices are rising. Virtually all such tokens offer holders exchange-specific perks such as trading fee discounts, preferential margin loan terms, enhanced rewards for staking (lending) and exchange-branded cashback Visa cards.

Exchange tokens are also awarded to customers that refer new traders to a platform, in a system similar to multi-level marketing organizations like Amway. Exchange tokens function as the fuel for crypto’s self-fulfilling bubbles.

Binance–the largest crypto exchange in the world–has its own token, BNB, which by itself has a market capitalization of $45.9 billion, though it does not represent any equity in Changpeng Zhao’s company nor has it been registered as a security with the U.S. SEC.

Anyone who opens an account on Binance and starts trading can buy or earn these BNB tokens, which offer 25% discounts on spot and margin transaction fees and 10% on futures. If you refer friends, you can get up to 40% commission every time they make a trade on Binance. Also, because Binance has created its own blockchain that mints BNB coins, you can use BNB to pay for goods and services, book airfare and hotels on sites like Travala for instance, participate in exclusive token sales and even earn free tokens by completing surveys and tasks.

You can also put BNB to use by staking, earn a flexible percentage yield by depositing it on BNB Chain-based projects and apply for crypto loans. Notably, these digital assets are also essential for anyone who want to use Binance’s decentralized exchange (DEX), which theoretically can’t be shut down by U.S. regulators.

Unlike bitcoin, which is mined every ten minutes, all of the 350 million FTT tokens that would ever exist were created in what is known as a pre-mine. “There will never be any more minted,” said Bankman-Fried recently. In fact, over a period of about three months starting around June of 2019 almost all of FTT’s premined tokens were sold prior to getting listed on crypto exchanges. “Effectively, all of the FTT tokens were owned by a collection of people and entities,” said Bankman-Fried.

In order to create scarcity and essentially bolster the value of its exchange tokens, FTX and Binance conduct what are known as token burns. Periodically both exchanges send tokens to irretrievable addresses reducing the float, similarly to a share buyback, and thus increasing the value of the exchange tokens outstanding. Since 2019 FTX has burned 21 million FTT tokens.

In total, Binance has burned more than 42 million BNB, which would be worth $11.6 billion at today’s prices. CZ has said Binance doesn’t borrow money and has never used BNB as collateral on loans. He recently began advocating that exchanges undergo a “proof” of funds.

In terms of governance, exchange tokens, like loyalty reward programs, are completely under the control of the entity that issues or redeems them, even if they profess to stick to pre-arranged schedules for issuance or burning. DeFi tokens, by contrast, claim to offer holders the ability to propose and vote on platform changes. But in reality, many large DeFi platforms concentrate governance in the hands of big investors and founding teams.

Additionally, just as FTT did not give holders stakes in FTX, purchasing a DeFi token does not necessarily convey ownership rights into the underlying platform. The table below offers details on some 16 different cryptocurrency and DeFi-platform exchange tokens representing more than $60 billion in market value.

Conspicuously absent are Coinbase and Kraken, which are U.S.-based and have avoided issuing exchange tokens, presumably because they would likely be deemed securities by the SEC. All of the tokens listed trade on exchanges daily like stocks–most of them have plummeted in value in the last year—but not a single one offers any ownership in the companies that they are affiliated with. Buyer beware.

TOKEN VALUES

The 16 crypto and DeFi exchanges below created exchange tokens to attract and retain customers. Though they trade like stocks and have a value of over $60 billion, none represent ownership in their affiliated platforms.

I report on all things crypto and oversee the Forbes Crypto Confidential newsletter and the annual Forbes Blockchain 50 list which features billion-dollar leaders in distributed ledger

I write about digital assets trends and am a leading creator of the Forbes Digital Assets tools and functionality our viewers require. I support the generation of relevant, curated investor

Source: The Looming $62 Billion Crypto Contagion

.

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The Fall of FTX

Why Taking A Personal Approach To Business Can Yield Big Results

getty

Almost everyone has heard, “It’s not personal; it’s just business.” While this phrase sounds okay on the surface, adopting this belief is actually more damaging than you’d think for your employees and customers.

Business is inherently personal because companies are made up of people who aren’t interested in one-size-fits-all approaches. No one wants to feel like a cog in a wheel, which is why taking a personal approach in business often leads to better performance and greater satisfaction in your work.

If you want to take a personal approach in your business, this starts with how you treat your employees and customers. If these relationships aren’t as strong as you would like them to be, here are some strategies for improving them.

Taking A Personal Approach To Employees

Salary will always play a role in an employee’s job satisfaction, but now, a higher salary doesn’t have as much negotiation power as before. The “great resignation” has forced many companies to see that their old ways aren’t cutting it in the current environment. It isn’t just recommended to take a more personal approach to your business relationships—it’s a necessity to keep your team from migrating to the competition.

Employees need to feel that their work has meaning and, more importantly, see how it contributes to the greater good. Here are a few ways you can begin taking a personal approach with your employees:

Be transparent: There’s nothing more frustrating than working in a job where it feels like management is constantly withholding information. You’re not protecting your employees from anything—you’re creating unnecessary anxiety in the office. Be honest with your team and let them know what’s happening in the business—they’ll be more committed to the company because of it.

Provide opportunities to advance: It’s hard to experience job satisfaction if you don’t feel like you’re growing and getting better at what you do. Look for ways to give your employees opportunities to advance, and talk to them about new positions that will be available as the company grows.

Remember birthdays: Don’t let staff birthdays come and go without acknowledging them. Mark the dates of all your employees’ birthdays in your calendar and order them a cake, or something similar, to celebrate. It may seem like a small gesture, but it will go a long way toward showing your employees you care about them.

Taking A Personal Approach To Customers

Your customers drive your business, so you need to consider their interactions with your company from their point of view. Staying connected to your customers and showing them you care about their opinion will build long-term brand loyalty, much like it would if you were in their shoes.

One of the easiest ways to do this is by simply thanking your customers for their business. If you’re a small business, you may be able to call each customer personally and thank them for their support.

Another option is to send cards thanking your customers for their business. You can also send holiday cards to show your appreciation, but you don’t just want to engage your customers when things are going well—it’s just as important to reach out when there’s a problem.

Instead of seeing complaints as a hassle, use them as opportunities to strengthen the relationship with your customers. Mistakes are inevitable, and when you apologize and do what you can to fix the problem, it builds trust with your customers.

Taking A Personal Approach Can Lead To Bigger Business Results

As a business owner, you need to find ways to motivate and inspire your employees. Happy employees will be more productive, more engaged with their work, and more creative, which can also lead to lower employee turnover rates and help your bottom line.

Your goal with each customer is to increase the customer lifetime value (CLV). A high CLV means that customer brings in more revenue for your business. By building credibility and trust with your customers, you’ll lower your customer churn and, of course, make each customer more impactful for your longevity.

As technology becomes more advanced, it’s easy for businesses to lose sight of what really matters. We can automate processes and communicate with our team/customers through apps for convenience, but if we don’t focus on the human component of our relationships, simplicity becomes much less important.

When you take a personal approach in business, you treat your employees and customers as individuals and look for personalized solutions to every problem. You look beyond your CRM and Slack to find ways to build strong relationships—an old approach to a new challenge. Take the time, put yourself in someone else’s shoes, and strategize to implement systems that benefit your team and customers just as much as your profit line.

CEO & Founder of National Business Capital, the leading fintech marketplace offering streamlined small business loans. Read Joe Camberato’s full

Source: Why Taking A Personal Approach To Business Can Yield Big Results

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Commission smasher   https://jvz3.com/c/202927/376879
Content Gorilla   https://jvz2.com/c/202927/330783
Content Tool Kit   https://jvz3.com/c/202927/329145/
CourseAlly eLearning   https://jvz4.com/c/202927/384759/
CourseReel   https://jvz2.com/c/202927/355249
Courserious   https://jvz8.com/c/202927/360397/
Coursova   https://jvz1.com/c/202927/376527
Creaitecontent  https://jvz1.com/c/202927/376986
Credit Repair   https://jvz8.com/c/202927/377815/
Cryptokit    https://jvz8.com/c/202927/383809/
CryptoRocket    https://jvz6.com/c/202927/378113/
CryptoUnderworld     https://jvz8.com/c/202927/374345/
Dealcheck     https://dealcheck.io?fp_ref=armin16
DesignaSuite      https://jvz2.com/c/202927/297271
DesignBeast    https://jvz6.com/c/202927/371547
DevelopSelfEmpowerment     https://jvz6.com/c/202927/383094/
DFYContentClub     https://jvz6.com/c/202927/381337/
DFYSuite   https://jvz3.com/c/202927/381194/
Diabetes Guide    https://jvz2.com/c/202927/358870/
Diddly Pay’s    https://jvz2.com/c/202927/315596
Diet fitness diabetes   https://jvz1.com/c/202927/286851
Domainname    https://jvz6.com/c/202927/377005
Dominate Email   https://jvz4.com/c/202927/386980/
Dropshiply   https://jvz3.com/c/202927/383483/
DUX Forex Signals   https://jvz3.com/c/202927/128215/
EBook Agency    https://jvz2.com/c/202927/384573/
Ejaculation Total   https://jvz2.com/c/202927/75989/
Email Monetizer    https://jvz2.com/c/202927/386337/
EngagerMate  https://jvz8.com/c/202927/328172
EngageYard   https://jvz2.com/c/202927/383051/
Explaindio    https://jvz1.com/c/202927/123757/
Extreme Adz   https://jvz8.com/c/202927/379244/
Extreme Coupon  https://jvz1.com/c/202927/216101/
EZ Local Appointment  https://jvz2.com/c/202927/385180/
Ezy  https://jvz1.com/c/202927/381935/
Ezy MultiStores  https://jvzoo.com/c/202927/381935
Facebook Cash Machine   https://jvz4.com/c/202927/382333/
Facedrip  https://jvz1.com/c/202927/376325/
FaceSwap   https://jvz4.com/c/202927/381768/
Fade To Black   https://jvz2.com/c/202927/344541
Fanpage  https://jvz4.com/c/202927/144349
Fitness Nutrition   https://jvz4.com/c/202927/353334/
Followup Builder   https://jvz3.com/c/202927/386313/
Forex Atlatian   https://jvz8.com/c/202927/25069/
Forex Blizz   https://jvz8.com/c/202927/144577/
Forex Blue Stark  https://jvz3.com/c/202927/47481/
Forex expert   https://jvz1.com/c/202927/376877
Forex Hybrid Scalper    https://jvz6.com/c/202927/95037/
Forex Joustar   https://jvz6.com/c/202927/381617/
Forex Mastery   https://jvz2.com/c/202927/144621/
Forex Scouts   https://jvz6.com/c/202927/132677/
forrk  https://jvz1.com/c/202927/373449
FusionMT4    https://jvz2.com/c/202927/372523/
FX Goldminer  https://jvz1.com/c/202927/381439/
Galactic  https://jvz1.com/c/202927/188236/
Gaming job   https://jvz2.com/c/202927/184902  s
Genesis Mining   https://www.genesis-mining.com/a/2535466
Gluten free   https://jvz4.com/c/202927/296191
GMB Magic  https://jvz2.com/c/202927/377194
Graphic Alta  https://jvz2.com/c/202927/324492/
Heal Your Emptiness   https://jvz6.com/c/202927/384848/
High Converting Emails  https://jvz3.com/c/202927/386305/
HostLegends    https://jvz4.com/c/202927/384755/
Hostley Domain Creator   https://jvz1.com/c/202927/379223/
Human Synthesys Studio  https://jvz8.com/c/202927/367353/
ImageX   https://jvz6.com/c/202927/363237/
IMSyndicator  https://jvz1.com/c/202927/370769
Inboxr   https://jvz2.com/c/202927/312692
Insta Keyword    https://jvz6.com/c/202927/351606/
Instant Website   https://jvz2.com/c/202927/377557
InstantWebsiteBundle          https://jvz6.com/c/202927/377557
iTraffic X  https://jvz2.com/c/202927/320466
keysearch  https://jvz3.com/c/202927/194909
KlickCourse   https://jvz3.com/c/202927/385006/
Klippyo Kreators  https://jvz8.com/c/202927/327447
KoinCart   https://jvz2.com/c/202927/383555/
Leadvalet   https://jvz3.com/c/202927/385580/
Levidio Royal Podcasting   https://jvz6.com/c/202927/384025/
Linkable DFY   https://jvz6.com/c/202927/385873/
Linkomatic  https://jvz2.com/c/202927/380937/
LiteTrading   https://www.litefinance.com/?uid=929237543
Live Your Truth  https://jvz6.com/c/202927/379020
Living An Intentional Life    https://jvzoo.com/c/202927/382455
Living an International Life    https://jvz8.com/c/202927/382455/
Local Leader   https://jvz4.com/c/202927/383751/
Local Sites   https://jvz4.com/c/202927/380543/
LocalAgencyBox  https://jvz2.com/c/202927/359468
LocalCentric   https://jvz2.com/c/202927/379339/
LocalioAI    https://jvz6.com/c/202927/378310/
MarketAll      https://jvz2.com/c/202927/386971/
Marketingblocks     https://jvz6.com/c/202927/374934
MarketPresso   https://jvz2.com/c/202927/369837
Massfluence  https://jvz4.com/c/202927/386885/
Mat1 Simple Funnel   https://jvz2.com/c/202927/380197/
Maxslides  https://jvz8.com/c/202927/376842
Mech Forex Robot   https://jvz6.com/c/202927/383447/
MediaCloudPro   https://jvz2.com/c/202927/343635
Megasuite   https://jvz3.com/c/202927/383953/
Mobi First   https://jvz2.com/c/202927/353694/
Motion Kingdom Studio  https://jvz4.com/c/202927/383177/
Movid Animation  https://jvz6.com/c/202927/380385/
MT4Code System   https://jvz2.com/c/202927/376925
My Passive Income   https://jvz1.com/c/202927/384099/
MyMailIt   https://jvz3.com/c/202927/292919
MyTrafficJacker   https://jvz2.com/c/202927/353558
Next Drive  https://jvz4.com/c/202927/371095/
NichBox  https://jvz2.com/c/202927/370705/
Organic Life Guide  https://jvz8.com/c/202927/366872/
Pcommerce   https://jvz6.com/c/202927/372265/
Phemex  https://phemex.com/register-vt1?referralCode=D8HUS2
Photokit  https://jvz4.com/c/202927/373207/
PicsAds   https://jvz2.com/c/202927/385468/
PigMoneyMethod   https://jvz2.com/c/202927/377665/
Pipstock    http://pipstockexchange.com/register?ref=204
Pitchdeck   https://jvz3.com/c/202927/347847/
Pixal  https://jvz2.com/c/202927/378775/
PixaStudio    https://jvz1.com/c/202927/373089/
Pixivid   https://jvz6.com/c/202927/385213/
PlanB Muscle Growth   https://jvz1.com/c/202927/36517/
PlayerNeos   https://jvz2.com/c/202927/376962
Podcast Advantage   https://jvz8.com/c/202927/379995/
Podcast Masterclass  https://jvz3.com/c/202927/379998/
PodKastr    https://jvz1.com/c/202927/369500/
PopLinks    https://jvz2.com/c/202927/368095/
Postradamus     https://jvz6.com/c/202927/108695
Power Reviews    https://jvz8.com/c/202927/384625/
Powrsuite   https://jvz1.com/c/202927/376361
PR Rage  https://jvz4.com/c/202927/343405
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Profile mate    https://jvz4.com/c/202927/358049
Promovidz   https://jvz8.com/c/202927/375692/
Push Button Traffic   https://jvz2.com/c/202927/301402
QR Verse   https://jvz3.com/c/202927/383865/
Quintex Capital     https://quintexcapital.com/?ref=arminham
Quit Smoking    https://jvz3.com/c/202927/359081/
QuizMatic   https://jvz6.com/c/202927/387116/
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ReVideo  https://jvzoo.com/c/202927/381761
ReviewReel   https://jvz6.com/c/202927/382663/
Rewriter   https://jvz4.com/c/202927/353373/
RSI SEO   https://jvz6.com/c/202927/384381/
Scriptdio   https://jvz4.com/c/202927/385387/
Seniors Income    https://jvz2.com/c/202927/383888/
Senuke  https://jvz6.com/c/202927/279944
ShopABot   https://jvz2.com/c/202927/291955
ShopFunnels   https://jvz3.com/c/202927/384069/
SocialAgency360   https://jvz1.com/c/202927/385357/
SociCake  https://jvz2.com/c/202927/321987
Socifeed   https://jvz6.com/c/202927/375706
SociJam  https://jvz2.com/c/202927/309649
Soronity  https://jvz6.com/c/202927/368736
SqribbleEbook   https://jvz6.com/c/202927/283867
Stackable Picture   https://jvz1.com/c/202927/385046/
Steven Alvey’s   https://jvz2.com/c/202927/351754
Stoodaio   https://jvz1.com/c/202927/372094
Storymate    https://jvz3.com/c/202927/320972
StreamPilot   https://jvz2.com/c/202927/385431/
Studioninja   https://jvz1.com/c/202927/374965
Sunday Freebie  https://jvz1.com/c/202927/267113/
Super backdrop   https://jvz8.com/c/202927/376524
Survai    https://jvz8.com/c/202927/380933/
Syndranker    https://jvz3.com/c/202927/378143/
Talkingfaces   https://jvz3.com/c/202927/375550
The Internet Marketing   https://jvz2.com/c/202927/289944
Tonai Voice Content   https://jvz8.com/c/202927/383119/
Toon Video Maker    https://jvz2.com/c/202927/357201
TrafficForU   https://jvz3.com/c/202927/381950/
Trendio  https://jvz3.com/c/202927/381003/
TubePal   https://jvz6.com/c/202927/379863/
Tubeserp   https://jvz3.com/c/202927/370472
TubeTargeter  https://jvz6.com/c/202927/377211
TuneMingo    https://jvz3.com/c/202927/386556/
TV Boss Fire  https://jvz6.com/c/202927/379480/
Ultrafunnels A.I   https://jvz2.com/c/202927/381129/
VIADZ Ad Template  https://jvz4.com/c/202927/379307/
Vidcentric   https://jvz4.com/c/202927/376095
Viddeyo    https://jvz6.com/c/202927/382326/
Videevolve   https://jvz4.com/c/202927/381011/
Video Campaignor      https://jvz4.com/c/202927/387058/
Video Games   https://jvz3.com/c/202927/184902/
VideoEnginePro     https://jvz2.com/c/202927/372916
VideoGameSuite    https://jvz3.com/c/202927/366537/
VideoRobot Enterprise   https://jvz8.com/c/202927/291061
VidKreate   https://jvz6.com/c/202927/386029/
VidMingo   https://jvz6.com/c/202927/378359/
VidRaffle   https://jvz2.com/c/202927/386840/
VidSnatcher    https://jvz3.com/c/202927/342585
VidVoicer    https://jvz1.com/c/202927/379983/
Vidzura   https://jvz4.com/c/202927/385754/
Viral dash   https://jvz6.com/c/202927/375959
Viral Quotes      https://jvz2.com/c/202927/386984/
VirtualReel   https://jvz8.com/c/202927/376849
Vocalic  https://jvz2.com/c/202927/383848/
VoiceBuddy    https://jvz1.com/c/202927/342854
WebCop  https://jvz4.com/c/202927/378683/
Webinarkit   https://jvz3.com/c/202927/383937/
Webprimo   https://jvz1.com/c/202927/379455/
WordPress Mastery   https://jvz1.com/c/202927/386249/
WowBackgraounds   https://jvz2.com/c/202927/381556/
WP GDPR    https://jvz8.com/c/202927/299907
WP Simulator    https://jvz3.com/c/202927/46987/
Writer Arc   https://jvz1.com/c/202927/386602/
writing job   https://jvz8.com/c/202927/213027
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XFUNNELS   https://jvz2.com/c/202927/310335
Xinemax  https://jvz1.com/c/202927/381749/
YoDrive   https://jvz2.com/c/202927/384700/
YoSeller   https://jvz4.com/c/202927/387544/
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