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Customer experience: the key differentiatorSouth African consumers are expected to have spent R250bn in 2021 - a 20% increase from 2020, and it is customer experience that will differentiate one retailer from another, especially during peak shopping months such as December. ![]() Source: © diego vito cervo 123rf With the rise of the e-commerce model, for the most part, pricing and product offerings are beginning to converge across the board and are no longer setting retailers apart from one another. A postive experienceAccording to NTT’s 2021 Global Customer Experience Benchmarking Report, 57.9% of global consumers strongly agree that customer experience is a way for organisations to differentiate themselves from the competition. While 90.9% of organisations agree that it is a primary differentiator, less than 50% of organisations are investing directly into customer experience. Zain Patel, managing director at Merchants, explains that for retailers this is no longer an option. “Consumers are faced with more choice than ever, and the presence of online stores has meant a rise in the number of shoppers carrying out online research prior to purchasing products, so when they make the decision to leave the house, they do so with a very clear intention to purchase, rather than spending time browsing the store. “What’s more, they are willing to switch retailers in an instant for better customer experience – both digital and in-store. “Quite simply, the digital path to purchase and in-store experience need to be seamless to complete the sale. “What keeps consumers loyal is a positive experience with a retailer, before, during and after purchase,” he says. “Consumers want to feel valued, and they demand a personalised experience from service providers throughout the path to purchase – be it enquiring about pricing, tracking an order using your WhatsApp chat bot, or communicating with your team about returning an item purchased online.” Three way to up customer experiencePatel notes that there are three ways retailers can up their customer experience game, today.
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