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How Much Should You Charge Your Customers?

CSM Magazine

The art of pricing can be deceptively complex, as there are a myriad of factors to consider when choosing the prices for your products or services. As an entrepreneur, it’s essential to price your offerings to strike a balance between what’s affordable for customers and what’s enough to grow your business sustainably.

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Response Bias in CX: How to Get Better Feedback

InMoment XI

For example, if someone asks you how much you exercise, you might be inclined to say four times a week, even if the answer is two. Unfortunately, if you aren’t getting accurate data from your surveys because of response bias, you can’t rely on it to improve experiences for your customers and employees.

Feedback 260
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It’s Not Really Free Delivery!

ShepHyken

I had to smile – even laugh out loud – thinking of how many people would roll their eyes when they read that sign. It’s not free if you have to pay $99 for it! How often are we told a company offers free delivery, free returns, free refills on soda … you get the idea. By giving too much away, it would lose money.

Airlines 133
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The Reasons Behind Tesla’s High Net Promoter Score

Retently

To show you the bigger picture, this is more than 70 percent of annual sales for the leader in this market segment – Mercedes Benz C-Class. You cannot argue with the fact that these results are incredible. This huge success actually shows us the big picture of how markets work. Battery charging.

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24 Factors to Consider in Pricing your Product, Service or Solution.

C3Centricity

We have a treat for you today. It’s a guest post from the highly respected global experts on customer centricity, Alan Hale of Chicago. factors to consider when pricing your product, service or solution. Pricing needs to cover your costs. If it is a mature/commodity item it is difficult to charge more.

B2B 195
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5 Tips for Being More Transparent with Your Customers

CX Accelerator

I was in charge of a contact center a few jobs ago and we were having our second outage in as many days. After service had been restored, I got a call from a customer. It just so happened to be from a customer to whom I had issued a service credit just a day earlier in hopes of restoring his confidence in our company.

Tips 266
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Price Is Only Relevant in the Absence of Value

ShepHyken

The title of this article may sound like a lesson in sales, but it’s much bigger than that. It’s about the entire customer experience. Imagine if your organization were bold enough to state that the value it delivers to customers would make price irrelevant. How do you define that value? It’s simple.

Culture 148