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Outstanding Customer Experience


The Only Sustainable Differentiating Advantage for Online Retailers




                       Presenter: Kaushal Mehta, Founder & CEO




                                                                      1
Agenda


• The need to create a clear and sustainable differentiating advantage
• Framework to create outstanding customer experience
• Providing world class customer support: To outsource or not to outsource




                                                                             2
                                                                             2
The need to create a clear and sustainable differentiating advantage


What is your goal?

                             • Focus on the USP (pricing, brand, product mix), get
         Be around for a       known for that, capitalize and exit
       couple years and exit


       Build a brand that will • Develop a comprehensivesustainableexperience
                                 strategy that will provide
                                                            customer
                                                                     growth,
       last a decade or more customer loyalty and profits


Why have a comprehensive Customer Experience strategy?

• Of the 4Ps, three – Product, Price, Place – do not offer online retailers any clear differentiating
  advantage
• Current differentiating advantages – lower price, newer brands, etc. will last only till the competition
  catches up
• The only sustainable differentiating advantage is providing a delightful customer experience as it is the
  best way to build trust with customers


                                                                                                              3
                                                                                                              3
Framework to create outstanding customer experience

In the absence of physical interaction, it is extremely important to design each stage of the shopping
experience such that it replicates the brick and mortar experience as much as possible. In online retail,
the following factors are essential to provide an outstanding customer experience -

                                               User Friendly
                                                 Website
                                            Well Articulated Policies
                         Integration        Comprehensive Self Help         Technology
                              Offline                 FAQs                     Latency
                              Mobile                                       CRM & Reporting
                               CRM                                         Voice Recording


             Customer Feedback                                                   Pre Sales Support
                                               Outstanding                         Service Channels
                    Reviews
                                                Customer                          Domain Knowledge
                    Surveys
                                               Experience                           Right Resources
                  Social Media


                              Metrics
                                                                         Trust and Safety
                       Net Promoter Score
                                                                        Online Fraud Prevention
                                 CSAT
                                                                         Account Compromise
                                 FTR        Post Sales Support
                                              Multi-channel, 24/7
                                            Billing, Refunds, Claims



                                                                                                            4
                                                                                                            4
Keep the online experience convenient and interesting


User Friendly Website

In-person experience of brick and mortar stores cannot be replicated online, so it is critical to design a
user friendly website

 • Good visual appeal, ease of navigation, comprehensive product descriptions
 • Comprehensive self help - well categorized FAQs and responses
 • Sensible and well articulated policies for
     •   Payment
     •   Refunds
     •   Delivery
     •   Cancellations
     •   Returns
     •   Exchanges
     •   Reward points, if any
 • Simple check out process



 This will drive positive customer experience and more importantly low customer
  issues/complaints during shopping

                                                                                                             5
                                                                                                             5
The shopping experience should be quick and easy


Technology

 • Choose technology keeping in mind long term requirements
        1) Sales channels to be offered
        2) Integration of customer data management across channels

 • Latency is a critical factor
 • Different stages of business growth will determine CRM needs
 • Identify most efficient support channels to be offered
 • Voice recording is important – analysis and legal




 Correct investment in technology can result in higher site hits, conversions



                                                                                 6
                                                                                 6
Be where your customers are whenever they need help


Pre Sales Support

 • Decide the best channel for support – voice (helplines, click to call), chat, social media
 • Provide a conspicuous link to virtual customer support
 • Develop scripts for pre purchase situations of the shopping cycle
 • Hire and train a customer centric team that can show empathy and help build trust
 • Resolve pre purchase questions professionally
       •   Explain policies in great detail (without losing patience or pushing the customer to buy your product)
       •   Address questions on logistics in a transparent manner
 • Customer interaction has to lay emphasis on several factors including
       •   The accuracy and tone of responses
       •   Empathy
       •   Proper use of language and grammar
       •   Timely response for offline (email, fax)




 This is possibly the first customer interaction with your team – invest in hiring the right
  resources and provide in-depth training

                                                                                                                    7
                                                                                                                    7
Make the customer feel secure in buying online


Trust and Safety

 • Build a process to mitigate risk of fraudulent transactions
 • Instances of online credit card fraud are rising - factor in the possibility of fraudulent sales, account
   takeovers for membership driven online retailers
 • Fraudulent transactions will have multiple impact
      •   You will lose a customer for good
      •   Huge negative WOM, possibly on social media
      •   Charge backs will directly impact your bottom-line
 • Dedicate a team to analyze potential fraud
 • Nip it in the bud
      •   Build rules/policies at early stage itself, and constantly monitor online fraud, improve processes
      •   Investment in resources will not be a cost – it will pay off due to reduction in charge backs




 Positive online experiences will help fuel your growth



                                                                                                               8
                                                                                                               8
Empower your support team to delight your customer


Post Sales Support

 • Customer Support is not a cost, it is a game changer
 • Understand when and where your customers need help
 • Determine channels of support required – voice, email, chat, social media or a combination
 • Develop scripts for all situations of shopping cycle
 • This team will have the highest interaction with the customer – make sure you have the right team
      • Customer centric, resolution focused
 • Customer interaction has to lay emphasis on several factors including
      •   The accuracy and tone of responses
      •   Empathy
      •   Proper use of language and grammar
      •   Timely response for offline channels (email, fax)
 • Invest in product training, employee development to build domain expertise




 Positive customer interactions will lead to higher customer satisfaction and retention


                                                                                                       9
                                                                                                       9
Measure your CS team’s performance


Metrics

 • Identify SLAs & performance metrics – TAT, AHT, quality, productivity, CSAT, FTR, NPS
 • Dedicate a quality team to measure performance across channels and coach on areas of
   improvement
 • Implement VoC measures such as NPS, CSAT, etc. to measure how effective are your customer
   support services
 • Analyze and improve processes if required




 Continuous evaluation will help your team improve customer experiences


                                                                                               10
                                                                                               10
Listen to your customers


Customer Feedback

 • Provide a feedback mechanism on site / on social media to your customers
 • Design surveys / use third party surveys to obtain customer feedback
 • Analyze customer feedback from surveys, social media to understand areas of improvement
 • Share feedback with stakeholders – marketing, tech, operations, product teams
 • Calibrate and change processes if required
 • Predict customer experience through real time monitoring and analyses




 Gain insights on customer issues by analyzing customer feedback


                                                                                             11
                                                                                             11
Provide a 360 degree shopping experience

Integration

Integrate with Stores

 •   Traditional retail is not dying, combining an online model with an offline presence makes most business
     sense
 •   Partner with brick and mortar stores to have your products picked up or returned there –save on operational
     and real estate costs while having an offline presence
 •   Some customers may browse for products online but prefer to buy from stores – direct them to brick and
     mortar partners for a referral fee
 •   Provide store pick-up facilities for products customers order on your website

Design a mobile version of your website with full functionality

 •   Incorporate mobile in your strategy

Integrate CRM, customer databases across channels

 •   It will empower customer support team to be better equipped and effectively respond to customer queries



 Increase reach and convenience for your customers


                                                                                                                   12
                                                                                                                   12
Customer Support Operations: To outsource or not to outsource


•   Do you have the bandwidth?
•   Do you have the expertise?
•   Do you have the Capex and funding?
•   Do you have the infrastructure to scale rapidly in terms of real estate, IT and people?
•   Do you understand security standards?


A Good Outsourcing Partner helps you focus on your core business


• Most successful international online retailers focus on their core business and outsource the critical
  customer experience function to experts that have been doing this for several years
• Good outsourcing companies work as an extension of their clients’ teams and ensure a
  comprehensive culture and domain expertise transfer through detailed process migration planning
  and systematic training
      •   Customized training modules ensure a comprehensive transfer of culture and product knowledge for effective
          migration to the outsourcing partner
      •   Regular VoC reports that map if the outsourcing partner is performing in accordance to the client’s corporate
          culture and values
      •   Extensive and up-to-date knowledge bases for each of their clients, which enables agents to provide
          knowledgeable and empathetic responses to customers
      •   Regularly updated scripts that reflect any change in policies, website, etc. made by the clients


                                                                                                                          13
                                                                                                                          13
Thank you


For further information, please contact:
   Kaushal Mehta
   Founder and CEO, Motif, Inc.
   Phone: 0 98250 06955
   Email: kaushal.mehta@motifinc.com
   www.motifinc.com


                                             14
                                             14

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Managing online retail complete mid-back office framework, motif inc

  • 1. Outstanding Customer Experience The Only Sustainable Differentiating Advantage for Online Retailers Presenter: Kaushal Mehta, Founder & CEO 1
  • 2. Agenda • The need to create a clear and sustainable differentiating advantage • Framework to create outstanding customer experience • Providing world class customer support: To outsource or not to outsource 2 2
  • 3. The need to create a clear and sustainable differentiating advantage What is your goal? • Focus on the USP (pricing, brand, product mix), get Be around for a known for that, capitalize and exit couple years and exit Build a brand that will • Develop a comprehensivesustainableexperience strategy that will provide customer growth, last a decade or more customer loyalty and profits Why have a comprehensive Customer Experience strategy? • Of the 4Ps, three – Product, Price, Place – do not offer online retailers any clear differentiating advantage • Current differentiating advantages – lower price, newer brands, etc. will last only till the competition catches up • The only sustainable differentiating advantage is providing a delightful customer experience as it is the best way to build trust with customers 3 3
  • 4. Framework to create outstanding customer experience In the absence of physical interaction, it is extremely important to design each stage of the shopping experience such that it replicates the brick and mortar experience as much as possible. In online retail, the following factors are essential to provide an outstanding customer experience - User Friendly Website Well Articulated Policies Integration Comprehensive Self Help Technology Offline FAQs Latency Mobile CRM & Reporting CRM Voice Recording Customer Feedback Pre Sales Support Outstanding Service Channels Reviews Customer Domain Knowledge Surveys Experience Right Resources Social Media Metrics Trust and Safety Net Promoter Score Online Fraud Prevention CSAT Account Compromise FTR Post Sales Support Multi-channel, 24/7 Billing, Refunds, Claims 4 4
  • 5. Keep the online experience convenient and interesting User Friendly Website In-person experience of brick and mortar stores cannot be replicated online, so it is critical to design a user friendly website • Good visual appeal, ease of navigation, comprehensive product descriptions • Comprehensive self help - well categorized FAQs and responses • Sensible and well articulated policies for • Payment • Refunds • Delivery • Cancellations • Returns • Exchanges • Reward points, if any • Simple check out process  This will drive positive customer experience and more importantly low customer issues/complaints during shopping 5 5
  • 6. The shopping experience should be quick and easy Technology • Choose technology keeping in mind long term requirements 1) Sales channels to be offered 2) Integration of customer data management across channels • Latency is a critical factor • Different stages of business growth will determine CRM needs • Identify most efficient support channels to be offered • Voice recording is important – analysis and legal  Correct investment in technology can result in higher site hits, conversions 6 6
  • 7. Be where your customers are whenever they need help Pre Sales Support • Decide the best channel for support – voice (helplines, click to call), chat, social media • Provide a conspicuous link to virtual customer support • Develop scripts for pre purchase situations of the shopping cycle • Hire and train a customer centric team that can show empathy and help build trust • Resolve pre purchase questions professionally • Explain policies in great detail (without losing patience or pushing the customer to buy your product) • Address questions on logistics in a transparent manner • Customer interaction has to lay emphasis on several factors including • The accuracy and tone of responses • Empathy • Proper use of language and grammar • Timely response for offline (email, fax)  This is possibly the first customer interaction with your team – invest in hiring the right resources and provide in-depth training 7 7
  • 8. Make the customer feel secure in buying online Trust and Safety • Build a process to mitigate risk of fraudulent transactions • Instances of online credit card fraud are rising - factor in the possibility of fraudulent sales, account takeovers for membership driven online retailers • Fraudulent transactions will have multiple impact • You will lose a customer for good • Huge negative WOM, possibly on social media • Charge backs will directly impact your bottom-line • Dedicate a team to analyze potential fraud • Nip it in the bud • Build rules/policies at early stage itself, and constantly monitor online fraud, improve processes • Investment in resources will not be a cost – it will pay off due to reduction in charge backs  Positive online experiences will help fuel your growth 8 8
  • 9. Empower your support team to delight your customer Post Sales Support • Customer Support is not a cost, it is a game changer • Understand when and where your customers need help • Determine channels of support required – voice, email, chat, social media or a combination • Develop scripts for all situations of shopping cycle • This team will have the highest interaction with the customer – make sure you have the right team • Customer centric, resolution focused • Customer interaction has to lay emphasis on several factors including • The accuracy and tone of responses • Empathy • Proper use of language and grammar • Timely response for offline channels (email, fax) • Invest in product training, employee development to build domain expertise  Positive customer interactions will lead to higher customer satisfaction and retention 9 9
  • 10. Measure your CS team’s performance Metrics • Identify SLAs & performance metrics – TAT, AHT, quality, productivity, CSAT, FTR, NPS • Dedicate a quality team to measure performance across channels and coach on areas of improvement • Implement VoC measures such as NPS, CSAT, etc. to measure how effective are your customer support services • Analyze and improve processes if required  Continuous evaluation will help your team improve customer experiences 10 10
  • 11. Listen to your customers Customer Feedback • Provide a feedback mechanism on site / on social media to your customers • Design surveys / use third party surveys to obtain customer feedback • Analyze customer feedback from surveys, social media to understand areas of improvement • Share feedback with stakeholders – marketing, tech, operations, product teams • Calibrate and change processes if required • Predict customer experience through real time monitoring and analyses  Gain insights on customer issues by analyzing customer feedback 11 11
  • 12. Provide a 360 degree shopping experience Integration Integrate with Stores • Traditional retail is not dying, combining an online model with an offline presence makes most business sense • Partner with brick and mortar stores to have your products picked up or returned there –save on operational and real estate costs while having an offline presence • Some customers may browse for products online but prefer to buy from stores – direct them to brick and mortar partners for a referral fee • Provide store pick-up facilities for products customers order on your website Design a mobile version of your website with full functionality • Incorporate mobile in your strategy Integrate CRM, customer databases across channels • It will empower customer support team to be better equipped and effectively respond to customer queries  Increase reach and convenience for your customers 12 12
  • 13. Customer Support Operations: To outsource or not to outsource • Do you have the bandwidth? • Do you have the expertise? • Do you have the Capex and funding? • Do you have the infrastructure to scale rapidly in terms of real estate, IT and people? • Do you understand security standards? A Good Outsourcing Partner helps you focus on your core business • Most successful international online retailers focus on their core business and outsource the critical customer experience function to experts that have been doing this for several years • Good outsourcing companies work as an extension of their clients’ teams and ensure a comprehensive culture and domain expertise transfer through detailed process migration planning and systematic training • Customized training modules ensure a comprehensive transfer of culture and product knowledge for effective migration to the outsourcing partner • Regular VoC reports that map if the outsourcing partner is performing in accordance to the client’s corporate culture and values • Extensive and up-to-date knowledge bases for each of their clients, which enables agents to provide knowledgeable and empathetic responses to customers • Regularly updated scripts that reflect any change in policies, website, etc. made by the clients 13 13
  • 14. Thank you For further information, please contact: Kaushal Mehta Founder and CEO, Motif, Inc. Phone: 0 98250 06955 Email: kaushal.mehta@motifinc.com www.motifinc.com 14 14