Total leadership - Profit and Progress
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Transcript of Total leadership - Profit and Progress
“Customer Satisfaction is Worthless…
June 2010
…Customer Loyalty is Priceless”
Jeffrey Gitomer
Loyalty = Profit • Customers drive Revenue; Loyal Customers drive Profit • How difficult is the 2nd, 3rd, 4th, nth sale to existing customers? • 5% increase in loyalty can generate up to 80% increase in profits. • Customer loyalty is a direct function of employee engagement – currently at 30% in most companies!
Moments of Truth
• Moments of Truth occur every time a customer directly or indirectly comes into contact with your business. They build:
• Trust between you and the customer • An emotional tie with the customer • Leverage Empathy to meet and exceed ongoing expectations
Are What Your Clients Getting from Your Products…
• …Worthless or Priceless?