Published on January 22nd, 2022 | by Bibhuranjan

Why You Need To Collect User Feedback And How To Use It In Business Development

It is no secret that customer feedback is a crucial aspect of running a business as it can help the business to grow. But unfortunately, many business owners fail to understand just how important customer feedback is and how it actually works.

Knowing the reasons behind the importance of customer feedback is equally important to help you act properly and enjoy the benefits that customer feedback offers. In this article, we discuss:

What is customer feedback?
Customer feedback channels
Reasons why customer feedback is important for your business

What is customer feedback?

Customer feedback is typically defined as the opinions or responses provided by customers regarding whether or not they are satisfied with a specific product or service. The main aim of collecting customer feedback is to measure their level of satisfaction.

Obtaining feedback from your customers will not only help you improve how your customers perceive your brand but also help you improve customer service.

Photo by Clay Banks on Unsplash

Customer Feedback Channels

There are plenty of channels that business owners can use to obtain customer feedback. They include:

Email

Business owners can send direct emails to both new and past customers to ask for feedback. The email needs to be personalized as much as possible.

Phone

Certain companies also record phone conversations to understand customer pain points and train their support team for better engagement

Social media platforms

Social media platforms also offer a perfect channel for brands to get feedback from their customers. By paying attention to customers’ social media conversations, brands can easily collect feedback and use it to improve the business.

Website

Online website surveys are also a perfect way to collect customer feedback. The best thing about surveys is that you can get any form of feedback, whether it’s text, reviews, and ratings. Additionally, just one survey can include different types of questions.

In-app

In-app surveys are also the best way to get customer feedback, especially for SaaS companies and retailers. These surveys are short pop-up survey requests that are displayed to app users asking them about their experience using that particular app.

And the best thing about these channels is that you don’t have to limit yourself to just one channel. You can use as many of them as you want simultaneously.

You can also get customer feedback through surveys. Here is how to create a survey.

With that said, let’s look at some of the reasons that make customer feedback important.

Why customer feedback is important

Customer feedback can help improve products and services

One of the greatest benefits of customer feedback is that it can actually help improve a company’s products or services. As a company, you may have industry expertise, but you may not really understand the products or services until you hear the opinion of the customers who have used the product or service.

Through customer feedback, you will be able to find out if there are areas that require improvements in regards to your product or services. You will be able to address the issues raised by customers and improve on them. Showing your customers that you really care for them by listening to their feedback and doing the necessary changes to make the products or services meet their expectations can help build customer loyalty.

Photo by LinkedIn Sales Solutions on Unsplash

It can help you measure customer satisfaction

Customer satisfaction is an important aspect of any business. It can significantly help a business grow. That’s why business owners need to ensure that their customers are satisfied with their products and services.

Of course, the best way to determine whether or not your customers are satisfied with your products and services is by asking them for their opinions. The most effective way that companies can manage, measure, and improve customer satisfaction is through Net Promoter Score [NPS]. This is a metric that is based on one simple question, “How likely can you recommend our brand to a friend?” The answers are on a scale of 1 to 10, with 1 representing less likely to recommend the brand and 10 representing more likely to recommend the brand.

Customer feedback can offer brands data that can help them make business decisions

To make a business grow, business owners must make certain business decisions. This can help them adjust their products or services to fit their customers’ needs. Of course, customer feedback is among the most reliable sources that offer tangible data that can be used to make business decisions.

Customer insights can help you understand where you are and which areas you need to improve on. To make those improvements, you will need to make wise decisions. Remember that customer feedback is a valuable source of data, but you must know how to translate it into an action that can yield the highest return on investment.

It can help you improve customer experience

Customer experience is one of the top factors that contribute to customer dissatisfaction. It can also significantly contribute to business growth. This is why it must be taken seriously. If you want to offer an excellent customer experience to your customers, you need to ask them what they like about your products and services and what should be improved. Through their feedback, you will be able to do the necessary improvements in order to give them an amazing experience.

It can help you retain your customers

A satisfied customer is more likely to stay with your brand, but a dissatisfied customer will switch to your competitors. Customer feedback can help you determine if your customers are satisfied with your products or services and identify areas where you need to improve.

With customers’ insights, you can always pinpoint the pain points. Each time a customer expresses their disappointments; you will be able to react and find a solution immediately and fix the issue. This proves that you are devoted to your brand and this can make your customers stay loyal to your brand.

Photo by Jon Tyson on Unsplash

Tags: business development, business surveys, customer data collection, customer feedback tools, user feedback collection

About the Author

Bibhuranjan Editorial Officer, technofaq.org I'm an avid tech enthusiast at heart. I like to mug up on new and exciting developments on science and tech and have a deep love for PC gaming. Other hobbies include writing blog posts, music and DIY projects.