Risk & Business Magazine Knight Archer Insurance Magazine 2018 | Page 8

SERVICE VS. EXPERIENCE The Vital Difference Between Service And Experience L ike it or not, the world is a buyer’s market right now. It is so easy to change service providers, change suppliers or alter virtually any transaction these days that it can be easy for service providers to forget the golden rule: customer experience is king. What is customer experience, though? How does the experience you provide to a customer differ from the service you are providing? How can you keep those customers coming back long into the future when they have the choice of going somewhere else and likely getting a better economic deal for themselves than you can offer? Let’s get one thing out of the way early on: anyone can provide a service. Since anyone can provide a service, that commoditizes it. It takes away value. Experience, however, is not something everyone can provide. Experiences are unique and leave an impression (whether that impression is good or bad is another story). Increasingly, customers and clients are looking for an experience rather than a simple service. And when they find what they are looking for, they aren’t shy about making it known to the world either. 8 So what is the difference between providing a customer a service or an experience? A few key things separate an experience from a service: phone. Here are some quick tips which can be used in a variety of situations to get more out of those customer interactions: • It creates a “wow” for the customer that is memorable in some way. Often one that they aren’t getting at other places where they have been serviced. • Use names if possible. People like to be acknowledged. • It has little to no impact on productivity or efficiency. An experience isn’t something that’s going to add time or effort to the customer. That means no additional phone calls, no extra time in line, no additional information required, etc. • There is simplicity in execution. No workload is added to the employees. • It is low cost. Experiences are often simply a matter of being sociable and listening to customers, not adding something to their bill or yours. Any time a customer deals with one of your representatives, there is an opportunity to improve their day and give them a memorable experience rather than simply doing the bare minimum and getting them out the door or off the • Avoid short, one-word answers. This includes phone and email communications. Take the time to write a little bit more and it will go a long way with your clients. • Make eye contact. • Be friendly and interact with customers when you see them; don’t wait for them to approach. • Always ask if you can assist with anything else or help them in some way. It never hurts to ask and it opens a lot of doors. Ultimately, giving a customer an experience will keep them coming back through your door again and again. It satisfies both parties. Taking a little bit of extra time to be sociable and go the extra mile isn’t going to hurt the bottom line, but it could certainly improve it. +