Transcript
Page 1: How to Survive the Customer Expectation Triangle of Death

CUSTOMEREXPECTATION

@AgencyNation

How to Survive the

Triangleof Death

Page 2: How to Survive the Customer Expectation Triangle of Death

Here's the truth:

Page 3: How to Survive the Customer Expectation Triangle of Death

No matter where in the independent insurance industry your business falls, (agency, carrier, vendor, etc)...

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Today’s, insurance

buyers areless influenced

by traditional marketing activities

and more demanding on the customer

experience we deliver.

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Imagine a triangle.

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Imagine a triangle.

Good Service

Page 7: How to Survive the Customer Expectation Triangle of Death

Imagine a triangle.

Good Service

Ease of Business

Page 8: How to Survive the Customer Expectation Triangle of Death

Imagine a triangle.

Good Service

Ease of Business Competitive Price

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Good Service

Ease of Business Competitive Price

This is called…

Page 10: How to Survive the Customer Expectation Triangle of Death

Good Service

Ease of Business Competitive Price

This is called…The Customer Expectation Triangleof Death.

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What this means:

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Customers have expectations in terms of what they expect from a business or service provider.

Page 13: How to Survive the Customer Expectation Triangle of Death

Before theInternet and

advanced logistics,customers only

expected us to be able to provide two sides

of that triangle.

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But with the advent of the Internet, regardless of what it is you sell, you're EXPECTED to provide all three sidesof that triangle.

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You must havea great product,

you must havea competitive price,and you must be easy

to find and easy to do business with.

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Page 17: How to Survive the Customer Expectation Triangle of Death

Here’s the rub:

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If you market your business on any of the three points of the triangle, you ultimately are going to fail as well.

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Greatcustomer service

is no longer adifferentiating factor

because of Google reviews, TripAdvisor,

and Facebook.

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If you’re not delivering a good product or a good service, people know and don’t do business with you.

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Comparative rating has popped up in

almost every industry.

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They expect your business to be able to provide all three sides of the customer expectation triangle.

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Good Service

Ease of Business Competitive Price

So what ultimately sets your business apart if …

Page 24: How to Survive the Customer Expectation Triangle of Death

Good Service

Ease of Business Competitive Price

So what ultimately sets your business apart if …

Page 25: How to Survive the Customer Expectation Triangle of Death

Good Service

Ease of Business Competitive Price

So what ultimately sets your business apart if …

Page 26: How to Survive the Customer Expectation Triangle of Death

Good Service

Ease of Business Competitive Price

So what ultimately sets your business apart if …

Page 27: How to Survive the Customer Expectation Triangle of Death

Good Service

Ease of Business Competitive Price

So what ultimately sets your business apart if …

no longersets you apart?

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It’s your STORYand the EXPERIENCEthat your story provides to the customers or clients in which you do business with.

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How does doing business with you make that

customer feel?

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Do the beliefs ofthat customer align

with your beliefs asa business or

a provider or a consultant?

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Do you convey a genuine emotional

connection with your clients or

customers?

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Today, it is so much about the story that you tell and how people feel doing business with you than it is the actual thing thatyou do.

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Availabilityand the internet

have made itso easy to find

everyone else whodoes what you do.

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The story inwhich you build around your business will set you apart and help you grow.

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Focus on story.Focus on storybefore all else.

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For you to tell your story, clients need to find you first.

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Want to make it easy for your clients to

find you?

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