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Updated: July 8th, 2008 05:26 PM EDT

Can Customer Service Training Pay Off?

The better question might be whether you can afford not to invest in this training

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By Barry Himmel, Signature Worldwide

Many equipment rental business owners and managers understand the importance of keeping their customers happy and loyal. But many have trouble justifying the "expense" of customer service training because they don't fully comprehend its positive impact on ROI and have difficulty measuring it.

Today's customers are savvy. They expect quality, personable service, and they expect their equipment rental company to be knowledgeable about products and services. Most customers do not choose to do business with a company simply because of its price. They want a company that is going to anticipate their needs and values their business. They want to work with a company they are comfortable with and trust. Therefore, managers must work diligently to ensure their employees consistently not just meet but exceed their customers' expectations.

Excellent customer relations impacts all areas of your business. Understand the effects and positive impact of delighting your customers and train your employees to do just that, and you will see the return on your customer service training investment. The ROI will not only be in sales, but in employee retention and other areas that can have an impact on profitability. But knowing what to measure is often concerning to managers because a successful training program does not always show a definitive link to sales unless you know what variables to measure.

Knowing this can help show lasting positive changes in financial performance. The four most easily measured are:

Upselling and cross-selling

An employee of your company who provides excellent service always will ask the right questions to determine the customer's needs and get as much information as possible. A customer might not know all of the services and options available to him or her. This presents a great opportunity for the employee to sell other parts and services while offering the best solution for the customer. This will increase the transaction amount as well as showcase a knowledgeable staff member which the customer will appreciate.

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