Tag: customers

  • PayPal signs new customers

    PayPal has signed up “tens of thousand” of Nigerians in its first week of operating in Africa’s biggest economy, with consumers already purchasing items from Britain, China and the United States via its online platform, a company official said.

    E-commerce remains in its infancy in most of Africa but is growing exponentially with the advent of online retailers ,such as Jumia, partly owned by South African phone operator MTN, and a growing middle class with money to spend.

    Citizens of Africa’s most populous nation could not buy goods directly from foreign merchants before the launch by PayPal, the payments unit of online auctioneer eBay Inc.

    “We have seen great uptake by Nigerians … in terms of coverage,” Malvina Goldfeld, PayPal’s head of business development for sub-Saharan Africa, said in Lagos.

    PayPal entered Nigeria and 10 other nations last month, providing online payment alternatives for consumers via mobile phones or PCs in markets often blighted by financial fraud. The new markets bring the number of countries PayPal serves to 203.

    Goldfeld said that Paypal secured a few deals with electronics suppliers in China and Dubai ahead of its launch and that it had partnered with Nigerian lender FirstBank, which has more than 10.5 million customers.

    PayPal launched its platform in South Africa four years ago, Kenya last year and now Nigeria, Goldfeld said, giving the company access to shoppers across 40 sub-saharan African countries.

    Goldfeld said the biggest interest has been in products from the United States, Britain and China, adding: “People are buying everything … (but) there’s definitely a concentration in electronics and fashion.”

    Online retailer Jumia told Reuters in April it had 100,000 Nigerian customer accounts and sales were increasing by 15 percent a month. However, worries over internet security and online fraud have held back e-commerce growth in Nigeria, where 63 million people have active internet data subscriptions but only 1 percent of them make online transactions, First Bank said, noting that online purchases are expected to reach $1 billion this year.

  • FirstBank rewards customers

    FirstBank rewards customers

    FirstBank has announced  winner of the grand prize of a completed four-bedroom detached duplex in Lekki, Lagos after the draw of the Big Splash promo which took place yesterday in Port Harcourt was announced.

    Other prizes also won at the draw were three brand new Toyota corolla cars, cash prizes of N50,000, refrigerators and standing cookers.

    Declaring the event open, the Group Head of Retail Banking Southsouth of FirstBank, Mrs. Rosemary Asiegbu, said: “The ’Big Splash savings Promo was designed to reward customers for their patronage and loyalty to the brand over the years. It is also a platform for enhancing savings culture in the nation and encouraging the youths as well as the unbanked to embrace the financial services system.

    “This year’s promo was designed to coincide with the commemoration of our 120 years anniversary of memorable banking services in the country and as such, we have kept our promise to customers by holding the bi-monthly and quarterly draws regularly where we have given out over N35million cash prizes among many other mouth-watering prizes.”

    To ensure transparency during the draws, the selection process was under the supervision of the national lottery regulatory council. The bank also partnered with world class consultants, KPMG to ensure world best practice are aligned with. The draw is fully automated and it randomly selects winners who would take home various prizes. The e-draw is also audited from the back end to ensure that the numbers are not pre-selected.

  • Standard Chartered Bank rewards customers

    Standard Chartered Bank rewards customers

    The Standard Chartered Bank Nigeria has awarded two customers, Mrs. Teniade Macaulay and Erefaa Emine Tom-Jack, an engineer, in the ongoing Mega Reward promotion draws at the bank’s corporate head office in Lagos.

    Macaulay and Tom-Jack won N1 million.

    Other prize winners areAjayi Oluyinka Timothy and Kess and Rilwan Momoh, each winning iPads. Also, Eyitemi Mojuetan and Margaret Kitchener both won Samsung Galaxy smartphones.

    The head of Corporate Affairs, Standard Chartered, Diran Olojo during the presentation of prizes assured customers the brank has a history of “transparency, integrity and an uncompromising stand in corporate governance. What we promise, we deliver.”

    The Mega Promo will climax in August 2014 with a Cayenne Porsche SUV car up for grabs. Olojo stated that the “more times a customer deposits the eligible amount, the better his or her chances of getting rewarded.”

  • How to win customers and keep them

    How to win customers and keep them

    For any business to make profit and survive, it must have enough (loyal) customers. The decision of Dr. Michael LeBoeuf to write this book tagged How to Win Customers & Keep Them for Life is therefore a good one.LeBoeuf is an internationally published author, business consultant and dynamic professional speaker. For more than twenty years, he was a professor of management at the University of New Orleans, retiring at age of forty-seven.

    This author asserts that the success of any firm depends largely on the knowledge of the answers to the critical questions such as, “Why do some people buy once and never return?”, “Why do some people become strong, steady customers?”, “How do you turn an angry or complaining customer into a happy and satisfied one?”, etc.

    LeBoeuf says one of the single greatest keys to long-term business success can be summed up in the phrase “Quality customer service”. He adds that yet, there is painful awareness that outstanding service is far too rare. LeBoeuf expatiates that the reason for this is as a result of these three problems: (1) employees do not know the basics; (2) the moments of truth, those crucial points of customer contact that can make or break a business, are not being properly identified and managed; and (3) poor reward system, that is, most managers fail to reward workers for giving excellent service.

    This book is segmented into three parts of 22 chapters. The first part is thematically labelled The basics and contains nine chapters. Chapter one borders on the greatest business secret in the world. Here, this author stresses the importance of the consciousness of customer satisfaction and care as a secret of customer retention and business success. “Stop for a moment and consider just how valuable customers are. They alone make it possible for you to earn your livelihood in the way that you do. Treat them well and satisfied customers will be your best source of advertising and marketing,” he submits.

    Chapter two is entitled “Better than selling”. Here, LeBoeuf says the “better than selling” principle is about focusing on what customers want and need, helping them to buy what is best for them and making them feel good about it.  According to him, this principle is important for everyone who works and not just those in sales.

    In chapters three to nine, he examines concepts such as the greatest customer you will ever win; the only two things people ever buy; buying much more when they buy you; the importance of customer perception; asking the golden question to win new customers; asking the platinum question to win new customers; and five best ways to keep customers coming back.

    Part two is generically christened “Managing the moments of truth: Ten action-ready strategies”, and contains ten chapters, that is, chapters ten to 19. In chapter ten, LeBoeuf discusses what to do when the customer appears, calls or inquires. “The most crucial contact of all is the first one that the customer makes with your business, because if you lose him here, he’s likely lost forever,” says this expert.

    In chapters 11 to 14, LeBoeuf discusses what to do when the customer is angry or defensive; what to do when the customer has special requests; what to do when the customer cannot make up his mind; as well as what to do when the customer raises objections to buying.

    In chapter 15 based on what to do when the customer gives buying signals, the author says it is all too common for salespeople to spend half an hour selling their services and two hours buying them back. There is a time to talk, a time to listen, and a time to close, he educates, adding that the best time to sell is when the customer is ready to buy.

    In chapters 16 to 19, he analytically X-rays concepts such as what to do when the customer buys; what to do when the customer refuses to buy; what to do when the customer complains; and what to do when the customer is going to be disappointed.

    The last part is summarily tagged “The triple-win reward system”, and contains three chapters, that is, chapters 20 to 22. In chapter 20 titled: What gets rewarded gets done, LeBoeuf submits that people behave the way the reward system teaches them to behave. “The single greatest obstacle to effective performance in most organisations is the giant mismatch between the behaviour needed and the behaviour rewarded. Organisations of all kinds fall into the trap of hoping for A, rewarding B, and wondering why they get B,” discloses the author.

    In chapters 21 to 22, LeBoeuf beams his analytical searchlight on how to keep the spotlight on the customer and the quality customer service action plan. According to him, when it comes to providing excellent service, many business owners and managers realise that their service quality needs improvement, yet opt for Band-Aid solutions.

    There is no denying the fact the ideas radiated examined in the twenty-two chapters of this book are very didactic, creative and brilliant. What’s more, they reflect high level of research on the part of the author.

    Stylistically, this book is excellent. For instance, there is simplicity as regards the language of the book. Additionally, the fact that the text is segmented into three parts that are well articulated makes it easy to study. At the beginning of every chapter, LeBoeuf uses either a legendary quote or classical allusion to achieve conceptual reinforcement. He also employs reflective illustrations to achieve analytical clarity.

    However, one major language correction that needs to be effected in the book is that “And”, the coordinating conjunction of adding should have been used instead of the symbol “&” in the title of the book to convey linguistic formality.

    Generally, this text is a classic. If you want your business to survive through the knowledge of how to win and retain customers, you need to read this book. It is strategically revealing.

  • Bank customers’ group emerges

    Bank Customers Association of Nigeria (BCAN) has been inaugurated in Lagos.
    The body is to help bank customers address their grievances against banks and regulators of the financial services sector.

    At the inauguration, BCAN President, Dr. ‘Uju Ogubunka, said the forum would help bank operators and regulators collaborate with customers in settling disputes.

    This, he said, would help in achieving financial inclusion for the benefit of the citizenry and the growth of the economy.
    He described the group as a consumer protection-focused organisation that recognises the inter-dependence of providers and consumers of banking products and services.

    Ogubunka said the group would promote and protect the rights and interest of its members. It will also educate the public on the advantages inherent in the operations of efficient banking policies and the need to develop a healthy banking culture.

    Also, the BCAN is expected to provide credible and common platform for customers of banks in the country to consider, take decisions and act on matters of common interest to them.

    The group will also be involved in gathering, analysing, evaluating and sharing information on banking, finance and other related subjects.

  • A village shop without shopkeeper: can it keep the customers satisfied?

    On a sunny spring morning in the quiet village of Clifton in Derbyshire, steady streams of people are making their way towards the cock inn. They are not early-rising drinkers; the pub is not yet open. Instead ,they head around to the car park at the back.

    Here sits the United Kingdom’s (UK) first “automated shop” – a bus shelter-sized giant vending machine selling everything from fresh milk and eggs to umbrellas and cat food.

    Designed to look like a quaint village shop, yet with the advantage of more reliable opening hours, it is intended to lead a quiet, mechanised revolution in rural areas across Britain, filling the gap left by the widespread closure of traditional stores.

    The Clifton SpeedyShop, as it is formally known has been gratefully welcomed by residents, who haven’t had a village shop for more than a decade.

    “They pretty much emptied it on Monday evening. It was great,” says Lorraine Garside, the landlady of the Cock, who admits that she has already fed her hungry customers using a loaf of bread bought from the machine.

    “We haven’t had a village shop for about 13, 14 years and there are no bus services through the village anymore, so if you want a pint of milk you have to walk into town if you don’t drive. It’s very reasonably priced- i think it’s marvellous.”

    The machine is the brain child of peter fox, a 50-year old electrical engineer who used to live in a small village and became frustrated at coming home late from work to find nothing in the fridge. Having spent more than two years designing the prototype, he now hopes that similar machines can be rolled out nationally, but says he doesn’t have the resources to expand as quickly as he would like and is now actively seeking a business partner.”i own all the intellectual property, but i don’t have a factory with 500 people and i cant manufacture hundreds of these a week,” he says. “ i certainly intend to roll it out myself anyway, and i’ve already got other machines in my factory which are almost complete…

    But obviously i can’t instantly start making hundreds of machines and sending them all over the UK. To do that I’ve either got to grow organically, which will take time, or find somebody who wants to jump in with me”

    Accepting cash or credit cards, the machine emails Mr Fox whenever it despenses an item , so he can keep a trak of stock levels. Although he is reluctant to reveal just how good business has been so far, on the grounds that it is “ early dayz”, he says there has been a teady stream” of villagers buying everything from washing powder to toothpaste and bags of sugar.

    Last weekend, The independent contributed to the machine’s coffers by buying that key houshold staple, a can of eight hot dogs (89 pounds). Other items on offer included six eggs (1.75 pounds), bacon (2.69 pounds), a pair of sticky toffee puddings (1.99 pounds) and a book of first class stamps (3.60 pounds).

    Although the machine is attracting more publicity than Clifton has received in years, most customers’ yesrterday seems happier to browse rather than buy. Barbara Goodwin, out for a walk with her husband and their two dogs, was among the window shoppers. “I’m not quite sure,” she says. “There is a general store a couple of miles away. But having said that, late at night, you dont have to go far, and it’s very convenient.”

    The machine carries another benefit for Mrs Garside: relieving the pressure on her pub to act as an informal grocer for naive tourists who rent self-catered cottages, only to be left baffled at the village’s lack of Tesco Express. “You do get some southerners … who come up and think that every quaint village has a shop, and of course it doesnt anymore, “she says. “So, now, we have.”

    • Source: The Independent Saturday

  • StarTimes: Why we celebrated our customers

    StarTimes has said it is inspired to appreciate its loyal customers since inception of the season of the love.

    The Public Relations Manager of the company, Mr. Irete Anetor, said the objectives of the gesture were to “celebrate and appreciate loyal subscribers that have never defaulted in their monthly subscription”.

    He added that the Valentine’s season was well celebrated and the laudable Digital Terrestrial Television – StarTimes platform decided to visit homes of lucky winners and offer them gifts and appreciation cards.

    StarTimes has promoted and made accessible quality and affordable digital entertainment in Nigeria to all Nigerians before the due date for digital migration in 2015.

  • Connecting with customers

    This article by the late Janice Ifeme is being rerun in her honour. The late Janice Nkoli Ifeme, who died on January 29, last year, was Head of the Shopping Desk, who ran the column Shopping rite with Janice.

    Naturally, the retail climate favours big-box stores that can offer bargains. But because small retailers cannot win price wars, experts say independents need to leverage their biggest advantage over the chains: personal relationships with customers and the ability to deliver superior service.

    As shoppers become more value focused, they are turning toward big-box retailers. Small retailers can bolster sales by targeting wealthier shoppers who are less price-sensitive and may pay premiums for better service. Upper-income households often perceive of value in very different ways from lower-income shoppers.

    So, what can independent retailers do to compete with their larger counterparts?

    In whatever market they are targeting, small retailers need to court their best customers. They need to maximise the one-on-one personal relationships that they have with customers.

    That is the secret weapon that small independents have against big national chains. If I am savvy and communicate with my customers well, I can draw loyal customers into my store before they go into the national chains.

    One way to do that is through affinity discounts that encourage loyal customers to spend more, rather than trying to attract new business by cutting prices across the board.

    They are going to their customer base, and they are mailing out to their best customers targeted discounts to get them into the store. That is a lot smarter than putting a 70 per cent off sign in front of your store

    Through affinity programs, retailers can strengthen their relationships with their best customers and appeal to those shoppers’ bargain-hunting mood at the same time.

    Beyond customer service, retailers need to keep inventories lean to keep costs down. Store owners need to be especially vigilant in refusing late orders and watching for over shipments to avoid having merchandise they would not be able to sell.

    In addition, small retailers can take a cue from large chains that display as much merchandise as possible on the floor, rather than holding inventory in the stockroom.

    Likewise, stores should watch their staffing levels to control costs. They want to be able to staff to the peak hours as much as they can.

    That means mostly in evenings and weekends, as most two-income families have little time to shop during the day. Businesses might decide to open later in the morning and extend hours at night to reach more customers without needing to staff more hours.

    Marketing companies are experimenting with a new wave of digital technologies to pitch to consumers while they shop: interactive dressing-room mirrors, kiosks with virtual customer-service representatives, shopping carts and digital scanners that offer personalised discounts.

    They are also marshalling out innovative ways for marketers to connect with customers as part of an effort to better understand what makes consumers buy and to encourage companies to rethink their approaches to the role of the retail store.

    New waves of digital technologies that pitch consumers while they shop are being developed. Some retailers have started testing basic versions of the new technologies, for instance a door frame that comes with a 52-inch touch screen that lets consumers see the retailer’s full range of merchandise. Consumers can email data about an item to themselves or a friend or scan a bar code to learn more about a product and get recommendations, such as tops and accessories that match a pair of pants.

    Another device is a mirror that enables a shopper to scan a dress and then project that clothing onto her body before going to the dressing room. She can also tap the mirror to view different colours, find matching shoes and send the image to her Facebook profile.

    On the other hand, retailers are grappling with lacklustre sales and consumers who are dissatisfied with the store experience as online shopping with its related interactivity becomes mainstream. Shopper satisfaction at retail stores is declining up to 15 per cent yearly, according to an ongoing IPG Media Lab study of more than 10,000 North American shoppers.

    Online shopping gives buyers lots of information to guide their purchases. And consumers want detailed product data, reviews from previous buyers, related recipes for food products, health and nutrition information and more.

    A shopping site, The Digits blog Stop & Shop Supermarket is testing handheld scanners in 289 stores that show customers’ personalised discounts as they shop. The offers are based on such factors as shopping history and just-purchased items. The scanner also lets consumers place orders and check out faster.

    The role the store is playing is changing. Shoppers are walking up with a different set of expectations.

    In all, the surest way to meet a shopper’s expectation is through good service and quality delivery. Even the most difficult shopper cannot shun this.

  • Ikeja City Mall hosts customers

    It was a fiesta of music and dance as the management of the Ikeja City Mall (ICM) hosted two events at Christmas.

    Its ‘Adopt an Orphanage’ programme and Christmas Carol were attended by its customers, among others.

    The ICM Leasing Administrator, Chinwe Ochei, announced a bursary for 30 pupils from three orphanage homes in Lagos.

    The beneficiaries are Bales of Mercy, Compassionate Orphanage and God’s Might.

    She said the firm was committed to giving back to the community, pledging that the management would continue to give Nigerians their best.

    The children from the orphanages were treated to lunch, visited Santa’s Grotto  and attended movie at the Cinema at the mall.

    Same evening, a carol was held on the escalator by the Symphony of Voices choir.

    This event was witnessed by lots of shoppers, who applauded the choristers while sang along. Many took photos and video clips of the event.

    The icing on the cake for the young customers of the mall was the performances of two superstar hip hop artistes, Skales and May D. ICM customers were thrilled by the artistes, comedians as well as dance competitions.

    A guest, Seun Awe, said he was pleased that the firm gave their customers such a fun time.

    “I had fun and the quality of the artistes that performed tonight shows that the management of the Ikeja City Mall understands its customers very well. It was well done,” he said.

  • Sales secrets from your customers

    Sales secrets from your customers

    We are examining this book this week because selling is very critical to business success. Farber is the president of Farber Training Systems, Inc., and has trained thousands of salespeople, managers and trainers to reach new levels of sales success. He has been featured on CNN and other international radio and television shows.

    According to Farber in this book, there is no better judge of a salesperson’s performance level than his customers. The author advises salespeople to give customers the opportunity to discuss what impresses them about them (salespeople) and where improvement can be made to achieve sales success. Farber says this book is based on hundreds of interviews conducted with customers to find out what successful salespeople are doing, and what they could be doing better.

    According to him, a customer is everyone you come in contact with, especially that you may not know whom your next customer might be. This author says obviously, the people you call upon, people who buy your product or service are your customers. Farber asserts that you should remember that you are a customer, too. He stresses that what all the customers are really saying is that you should find out what their business is and tell them how your product or service can help them run their business better.

    This book is segmented into five chapters. In chapter one, attributes such as knowledge, empathy, good organisation, promptness, follow-through, solutions, punctuality, hard work, energy and honesty are identified as some of the things buyers consider most helpful in salespeople. This author educates that based on his interaction with customers, knowledge is a very broad category and the best sales reps are knowledgeable in a variety of areas.

    In Farber’s words, “They know about their own product, company and industry, and they have detailed knowledge of their customers’ companies and industries. They also know the competition, both their strengths and weaknesses…The more knowledge you possess, the easier it is for you to come up with solutions to your customers’ problems. And that is what gives a rep added value.”

    On knowledge action steps, the author says you should study your product inside and outside; read industry newsletters; speak to successful sales reps; put extra effort, etc. On the attribute of empathy, Farber discloses that customers want salespeople that are sincerely interested in them and their business; and they do not want to feel like just another stop on the sales rep’s route. As regards empathy action steps, the author advises you to ask questions that will help you understand the other person’s position; listen enthusiastically and focus on ways to make others feel important.

    In chapter two, Farber identifies the attributes that buyers find most objectionable in salespeople as lack of preparation; lack of information; aggressiveness; undependability; poor follow-through; presumptuousness; “walk-ins”; “gabbers”; problem avoidance; and lack of personal respect. He says, “Customers don’t like salespeople who call them on the phone or come by without a specific purpose in mind. Every once in a while, it’s okay to say, ‘I just wanted to keep in touch’, but it’s better to have a reason for doing so.”

    Farber stresses that customers often depend on salespeople as a source of information on a variety of subjects. “They said the worst reps were the ones who lacked specific information about their own products and/or general information about the customer’s business,” adds this consultant.

    According to him, customers often complain about “pushy” salespeople, ones who argue and try to convince customers to spend more than is necessary. Farber adds that customers feel those reps are only interested in their commissions and do not really care about how they get them. “Don’t walk away from a sale after the goods have been delivered. For the customer, that’s when the sale really begins. Studies show that it is three to five times cheaper to keep a customer than to acquire a new one,” advises Farber.

    In chapter three entitled “Getting customer feedback”, this consultant examines concepts such as sales secrets from your customers; telephone surveys; the customer-run meeting; improving your listening skills and magic questions.

    Chapter four is entitled “25 super sales secrets: Customers tell how to sell”. The author says among these sales secrets are that you should not sell customers your products, rather sell solutions to them; understand customers’ business, industry and their market; understand your product or service very well so that you know every conceivable way it might help to solve customers’ problems or meet their goal; organise your materials so that when you are asked for information, you have it easily accessible, etc.

    Chapter five, the last chapter, is based on 40 questions to ask yourself in the customer-service questionnaire. Here, Farber educates that some of these questions are: Do I treat everyone I know and meet with respect? When I am a customer myself, do I observe and learn from the salesperson’s strengths and weaknesses? Do I have a thorough knowledge of my product or service? Do I have a thorough knowledge of my customer’s product, company and industry? etc.

    Conceptually, Farber scores a pass mark on the depth and creativity of the articulated ideas in this book. For instance, he educates that a customer is everyone you come in contact with, especially that you may not know whom your next customer might be.

    As regards style, this book gets a good grade. For instance, Farber uses customer- interview style, a form of semi-dramatic dialogue to lend credibility to his work and sustain readers’ interest. For every point that he addresses, he first radiates a summary message for easy understanding; offers the key points from the customer interview, as well as prescribes action steps in some cases. This mode of presentation easily ensures detailed analysis.

    What’s more, Farber also uses reflective illustrations as well as literary and classical allusions to ensure easy understanding on readers’ part. The language is also simple. However, chapters one and four can be harmonised for compactness.

    If you aspire to enhance your business through unique sales knowledge, then you need to read this book. It is simply irresistible.