Thursday, 25 August 2016

CUSTOMER DEDICATION & CUSTOMER LOYALTY





A customer is the most important visitor on our premises.
He is not dependent on us.
We are dependent on him.
He is not an interruption on our work.
He is the purpose of it.
He is not an outsider on our business.
He is a part of it.
We are not doing him a favor by serving him.
He is doing us a favor
by giving us an opportunity to do so.

Why Customer dedication?
Customers are the lifeline of any organisation! The very organisation in which we work exists only because of our customers.
Remember : No Customers – No Organisations – No employees
Building customer loyalty isn't easy, but it's worth the effort.
Service to our customers should always be our foremost and top priority.  We need to do our very best to provide the highest quality products and services at a fair price to customers. We appreciate your business and we encourage you to let us know how we can better serve you.
As part of dedication to customer service, it is important to:
1.    Make sure that all our phones are always answered by a live person during our business hours.
2.    Communicate whenever there is an issue or delay (such as unavailable product/service or holiday schedules that would affect order shipments.)
3.    Respond to inquiries, questions about orders, and other communications in a timely manner.
4.    Maintain a healthy and happy work environment for employees so they can be prepared to serve our customers in the best possible manner.
5.    Ensure the quality of our products and services through our highest standards and 100% compliance of all practices for product purchasing, post sales service, and safety.
6.    Listen to the customer’s experiences and take their suggestions for improvements on our products/services, and ideas for new products.
7.    Personal touch

Are you customers satisfied? That’s good, right? Well, yes for the short term.  But in the long term, it’s not necessarily enough.




Why Customer Loyalty Matters for Today's Businesses
On average, loyal customers are worth up to 10 times as much as their first purchase.
Is great customer service really worth the effort?
It might seem like a no-brainer, but many entrepreneurs struggle with this question. It’s not as clear-cut as simply looking at a sales chart to see if your service quality is in the black. To answer this question, we’ll analyze data (not hunches) from both ends of the spectrum. Specifically, we need to look at:

1. What are the rewards for providing great service?
2. What are the costs and punishments for providing bad service?

In the following section and throughout the rest of this post, we will utilize academic studies, consumer reports and proven statistics to shed light on the pros and cons of running a customer-centric business.
The rewards of great service
A variety of research shows that today’s customers place a priority on receiving great service.
A 2011 report published by American express revealed that 3 out of 5 customers were willing to give up a former favorite brand in order to have a better service experience.
Even more telling are the results of the 2010 RightNow Customer Experience Impact report, which revealed that 9 in 10 Americans are willing to spend more with companies they believe provide excellent customer service.
Eighty percent of respondents shared the belief that smaller companies place a greater emphasis on service than larger companies, meaning ...small business success is highly dependent on the satisfied customer.
The way that small business owners can beat out big-box stores isn’t to compete with them on the things they are good at (e.g., low prices, logistics, etc.); it’s far more important to out-support your competition by providing a level of service that they just can’t match.
A great service is the bedrock for creating customer loyalty, and it can come back to haunt you if your business isn’t making it a priority.

The high cost of bad service
News of bad customer service reaches more than twice as many ears as praise for a good service experience.
Will bad service really scare customers away from your business? The data presents a strong case for a resounding “yes.”
Consumer Reports surveys have shown that nearly 91 percent of customers will not do business with you a second time if you botch the first encounter. It was even uncovered that two-thirds of customers have walked out of a store when they felt the service was subpar.
The amount of customers willing to immediately abandon a business reached nearly 70 percent when it came to poor service on the phone, conclusively showing that customers are willing to shut you out if you don’t provide the quality of service they expect.
The worst part: You may not know how much of an impact your poor quality of service is having before it’s too late.
The White House Office of Consumer Affairs revealed a startling statistic on how service can silently affect your bottom line: For every customer who bothers to complain, nearly 26 others remain silent.
BOTTOM LINE : If you continue to provide subpar service, you may start losing customers without warning.
What this means for your business
By now you’ve seen that building loyalty among your customer base is more important than ever before.
Your sales team will continue to have less control in informing and guiding customers through a sales purchase. Given the “always on” nature of the web, product information, reviews, and even access to your competitors are all just clicks away from a prospective customer’s fingertips.
Top-notch companies see this as an opportunity, not a dilemma. Recent consumer data from a Peppers & Rogers study showcases how leading business are also leading the charge for great service: 81% of companies with strong capabilities and competencies for delivering an excellent customer experience are outperforming their competition.
Will you be among them?





Wednesday, 3 August 2016

Marketing rules & lessons from Thalaiva’s Kabali


July 22, 2016: It took me an additional half an hour to reach my office on MG Road as I happened to cross one of the numerous theatres where Kabali was released.  This set me thinking on the hype, buzz and records created as part of the marketing of Kabali !

Kabali has not only created buzz & new records in the last few weeks, new marketing rules were applied that can be learnt. Kabali has built a new style of unprecedented branding and promoting without any special tricks the moviemakers. It should be noted that there was neither an audio release nor a press conference before the movie, and yet Kabali collected INR 250 crore on the first day!  Kabali has grossed INR 400 crores within first ten days in theatres across India and abroad. The overseas collection of Kabali in the opening weekend was around INR 90 crores. INR 30 crores was the collection from USA where it was one of the top ten films watched  in the country (despite the US presidential elections, the Kabali juggernaut was just too lucrative to ignore! )
Perhaps, Rajinikanth is the only star who steadfastly had refused to endorse any label after the first and last one he did at the beginning of his career for a regional cola brand, forty years ago !



Marketing rules have been re-written this time, with companies in metro cities booking theatres for employees and also declaring holidays!

Just Do It  -  differently !
Kabali’s only promotion from movie makers was an announcement of the movie with the release date and a 30-second teaser on social media which received 25 million views on YouTube. Kabali became the first Asian movie to have achieved those numbers. When you have Rajini Sir by your side, who needs all the other promotions like going to reality show or on a promotional tour?


Advertise - differently!
Avoid following the same old stereotyped marketing tricks!
Position your brand and product and do things differently. Show elusiveness while endorsing brands
Rajinikanth's demand as a brand endorser has risen even if he has been refusing to play into the game of endorsement. Rajini stays out of public eyes, does not endorse brands, politicians or even social causes. Brands such as Pepsi, Hindustan Unilever, India cements, ITC and Asian paints were a part of earlier Rajini movies.   
For this movie Kabali,  brands such as Muthoot, Foodpanda, Ola, Uber, Mobikwik, Air Asia, Cadbury 5 Star, Amazon, Shop CJ, Airtel  came on board and many are intending to keep their association going even after the movie goes off the screen. And it is not out of any charity but the brand Rajini has delivered value to them. While these reputed brands got associated with the movie, nowhere did the protagonist endorse these brands. In all these cases, the companies introduced new ways of associating themselves with the movie.  

Air Asia India – the official airline partner of Rajinikanth starrer Tamil film Kabali had launched a special re branded aircraft dedicated to Thalaiva Rajinikanth’s Kabali and his fans. The aircraft is bearing large posters of Rajinikanth. According to airline, the special aircraft is a sign of respect to superstar for his contribution in Indian cinema.

Air Asia Dedicated a Special Plane to Thalaiva Rajinikanth Kabali

The aircraft is painted and stickered with the Rajinikanth images and the plane has been used in few scenes in this film too. As the airline is a partner for Kabali, so it planned a special fight from Bengaluru to Chennai for Fans of 65 years old actor to watch Kabali’s first day first show.

Muthoot Fincorp joined the Kabali mania and introduced special Kabali silver coins, which has the face image of Rajinikanth embossed on the coins and pendants. The coins were made available in five, 10 and 20 grams from the date of release of Kabali - July 22.            Within a week's time from release of movie, 102 kg worth of coins were sold raking in close to INR 75 lakhs of rupees for the company.  
Special Kabali coins by Muthoot Fincorp


The eagerness of the brands to associate with a much awaited movie by Thalaiva is quite understandable but with these unique marketing strategies, the companies along with their promotions have clearly leveraged the superstar’s image which is essential right before the release of a movie.
Brand endorsements always grabs eyeballs, so next time you partner with a brand or even a movie, an event or a launch, think on how this brand endorsement can add real value to your brands and retain the elusiveness.

Unlike other Indian movie stars, Rajini Sir has never lent his name to products and campaigns. It is believed that this reclusive nature and status of Rajini makes it the unique selling point of actor Rajinikanth that delivers to his producers in the box office and thus making the companies leverage the power of his brand. Added to this is the super human status of the actor and his genuineness which are rare commodities in the world of glamour. 



Take on social media – differently!
Needless to say, social media has become an integral part of marketing these days, no matter what the product is. But Kabali has shown some real crazy use of these social media platforms.
One of the memes that did rounds in the social media!


We all know about Rajini Sir ’s jokes and memes, and these work for the product while creating awareness about the pros and cons of a product. It should not necessarily conceal the flaws as it further builds the trust on the brand and company as well as strengthens a long-term relationship with the consumer, which is essential in today’s marketing.

Producer Kalaipuli Thanu and Director Pa Ranjith only tweeted the date of release and social media, print and the electronic media did the rest, he pointed out. Kabali was a movie that was entirely driven by online marketing and social media. The marketing cost to gross sales may be the lowest for this film which could turn out to be Rajini’s biggest grosser.
The movie has set a new benchmark on what can be achieved in terms of ability to sell a movie. New styles of marketing gimmicks are unveiled every other day, but Kabali has shown certain unprecedented marketing craze. Kabali has also shown on how things are taken when you have a legendary icon by your side and then winning will be obvious!