Never Just Measure Up: Outpace Your Competition

The age of digital disruption has changed customer expectations, requiring companies to operate at a higher level of ingenuity and sophistication. Businesses today must focus on delivering an exceptional digital customer experience in order to outpace their competition.

While consumers are still performing the same basic activities during their engagement with a company, the channels available, the devices used, and the speed at which these activities take place have drastically changed. The 4 most common ways consumers engage with brands include:

  • Gaining awareness of a product
  • Researching and learning more about the product/service
  • Using the product or service
  • Asking for support

Technology has forever changed customer expectations of how everyone – friends, family, and yes, even companies should engage with them. Customers now expect convenient, effortless, and personalized experiences with brands whether they are asking questions and want speedy answers prior to buying, or they need step-by-step guidance to resolve their issue post-purchase.

Customer Experience challenges in the digital age

It is frequently stated that Customer Service is the only long-term differentiator in today’s world. Brand reputations are built or damaged based on the quality of service they provide.

In order to deliver world class digital customer engagement you have to differentiate from the average, not set it as the bar to meet.

While many companies recognize the gravity of the customer experience and the shift of customer expectations, many only look to keep pace with their closest competitor. In order to deliver world class digital customer engagement, you have to differentiate from the average, not set it as the bar to meet. Forrester reports that only 7% of companies are exceeding customers’ expectations and worse, 25% don’t feel they even meet customer expectations.

One of the greatest difficulties in delivering superior digital customer engagement is mindset. Intuitively, the entire company, from executive leadership to front-line employees, wants to deliver a consistent, best-in-class digital experience across all channels, but have a hard time differentiating it from traditional customer service.

It is imperative to recognize the gap that exists between traditional customer service and a digital customer engagement. As stated above, customer activities are the same (shopping, comparing, purchasing, seeking support) but usage and expectations are vastly different. Consumers no longer walk into a store to browse and talk to a sales person everytime they want to purchase something. They no longer have the time or inclination to pick up the phone or email to place an order or ask a question. The traditional channels are being eaten up by the digital channels. Phone calls and emails are being eaten up by the more convenient SMS/text messaging and web chat channels.

Some companies will use the fact that the activities are the same as an excuse not to implement more innovative means to enhance their digital engagement, or do just enough to keep up with the closest competitor. Those are the companies that will not succeed in the long-run.

Quiq’s clients are using digital customer engagement like text messaging, Facebook Messenger, and Web Chat, to set themselves apart within and outside their industry. These innovators know that customers want easy, convenient, and frictionless ways to engage with everyone – especially companies that have earned their business. What should companies consider when becoming more digital service savvy?

Mobile-first. Always.

Focusing on the digital customer engagement in an age, when everyone looks to their mobile device for research or to seek support from brands, means to adopt a mobile-first design for each interaction. Consider and evaluate how an average customer will interact with each of the digital channels, and clearly define what the ideal experience is.

Here are a few considerations:

  • Make digital channels highly accessibleOutpace your competition by adopting a mobile first customer centric design in everything you do
    • Lead with the channels that are preferred and most commonly used by customers to communicate (SMS, Facebook Messenger, Web Chat).
  • Facilitate easy, seamless interactions
    • Information gathered from one channel should be used if and when the customer contacts you via a different channel. Selecting products that can integrate with your existing CRM system to leverage customer information across channels will support this goal.
  • Deliver a visually consistent presence
    • Ensure your company’s branding, voice, and vibe are consistent across all channels. Customers don’t think about “channels”, they think about what they need in that moment and the fastest way to get it. Make sure your brand is consistently represented regardless of touchpoint.

In addition to the above, it is important to realize that customers are much more visually-driven then ever before – emojis, Pinterest and Instagram are evidence that customers are far more comfortable with taking, sharing, and consuming visual content. With this in mind, consider how each channel will use visual media to engage with customers or vice versa. For example, many Quiq clients encourage customer service agents to exchange emojis, videos, and pictures with customers, which is the way they communicate with family and friends and helps bring context into conversations. They also encourage customers to share photos and videos to more quickly help with purchases or problems.

Putting the Customer Center Stage

Consumers are constantly being bombarded with information and experiences online and off. This onslaught of information makes it harder for us to remember every detail and interaction with brands. While it would be impossible to remember every interaction, your customers will likely remember the first and last interaction.

Today’s digital customer is very likely to have that first interaction on your website or trying to contact your business to ask questions about your product or service from their mobile device. Armed with this information, you can design that first-touch experience with the customer’s ideal engagement at centerstage – making it convenient and easy for them, not you.

Enabling your landlines to send and receive text messages, for example, and having web chat active on your website supports these goals. Many Quiq clients are surprised that a lot of their customers are trying to text them on their existing landlines. Think of how surprised and delighted your customer would be to receive the post sale customer support by text message, the preferred means to contact a business, instead of receiving an error message.

Likewise, a customer’s last interaction may very well end with a digital engagement, whether that’s a mention on Facebook or trying to engage with customer service from their mobile device. Wouldn’t you prefer your customers to walk away from that first or last experience, thinking “Wow, that was easy”.

It’s Never Too Late to Transform your Digital Customer Engagement

As the inspiring wisdom of the old Chinese Proverb says:
“The best time to plant a tree was 20 years ago. The second best time is now.”

You don’t need a crystal ball to tell you that a new digital customer engagement age is upon us and neither do your competitors. You can stay ahead of your competition and deliver an exceptional experience that exceeds your customers expectations by investing in technology such as Quiq Messaging.

Quiq Messaging helps businesses quickly and easily interact with customers, whether they have a question pre-purchase or post-sales. Schedule a demo to see how you can easily provide a digital customer engagement that will “wow” your customers and keep them coming back for more.

About Quiq
Quiq makes it easy for customers to contact a business via Messaging, the preferred channel already in use with our friends and family.  With Quiq, customers can now engage with companies via SMS/text messaging, Facebook Messenger, Web Chat, In-App,and Kik for help with their pre-sales and post-sales questions. Learn more about Quiq today at quiq.com.

3 Ways Software Companies Accelerate Time-to-Value With SMS Messaging

Helping your customer realize the value of your software, app, or game as quickly as possible is the cornerstone of successful adoption and retention. As a SaaS company, we understand how critical it is to maintain momentum with a customer while they are excited about your solution and accelerate Time-to-Value (TtV).

We are starting to see a lot of software companies accelerate TtV for their users using social media and other digital technologies, including sending outbound messages via Quiq Messaging.

Here are a few best practices we’ve learned along the way about TtV and outbound messaging, as well as how consumer software companies put messaging to use:

1. Set your new users up with ease

More and more, companies are starting to leverage Quiq’s outbound messaging to deliver successful experiences with their software, app, or game. It is a fact that outbound text messaging has a higher open and response rate than any other channel. With an average open rate of 96%, far higher than email, text messaging ensures your customers see and open the important messages that will improve their early experience with your technology. You can help your customers get setup and started with outbound notifications that remind them to complete a profile, link an account, create a password, or whatever needs to be done to begin realizing value immediately.

Quiq’s clients find that sending timely hints and tips via outbound text messages help end users get more out of their product in much less time. What’s more, if a user is having trouble during setup or implementation, they can simply reply to the original text message from the company to initiate a 1-to-1 text messaging conversation with your customer service team. Customer service agents can easily handle multiple, simultaneous text messages just like they would any other channel. This kind of proactive, 2-way messaging is helping Quiq’s clients become even “stickier” with their end users.

2. Accelerate adoption and usage with proactive notifications

Onboarding is one of those moments of truths that can make or break the long-term adoption of your software. Once you get past the initial set-up, your new customers may need a little extra help along the way. We all know that people get busy and distracted. Making sure everything is running smoothly , especially for consumer-facing SaaS companies, can easily be affected by overly busy users who don’t have time to figure out how to use your solution to its fullest capabilities.

Beyond initial adoption, software companies can stay top of mind by engaging in two-way conversations with customers via messaging. Allow end users to initiate conversations with your company to get help with any questions. Add “text us” to your mobile website and list of “contact us” sources on your desktop website. Take advantage of outbound SMS messaging to keep users engaged and active after onboarding. When a user tries to jump in and “figure it out” as they go, it can lead to frustration and premature abandonment. Proactive, outbound messages with bite-sized tips and tricks and best practices keep users engaged and helps them take full advantage of all the functionality you built for them. This type of bilateral communication helps the user continue to recognize value from your product and keeps their momentum going.

3. Get ahead of any dreaded “churn”

When you turn on your faucet, you expect water to flow. When you flip a switch, you expect light. When a consumer downloads an app, they expect it to work. The internet, smartphones, and apps have become utilities like other modern conveniences that consumers expect just to work. When they don’t, cries of outrage can be heard far and wide.

When something isn’t working as expected, whether the source of the issue is on the customer’s end or yours, you’ll want the ability to help as quickly and painlessly as possible. There is a strong possibility that the customer may never find the time or want to deal with the hassle of giving you a call, sending an email, or filling out a “contact us” form on your website. With text messaging you can provide support 24/7, giving them a way to quickly send in their question or issue when it’s convenient for them.

Recognizing the issue is the first step in helping your user get back on track to value as soon as possible. Engaging others in the company that may be better equipped to resolve an issue is the next critical step. With Quiq, messages can be routed and transferred so that you get the best resources for a quick resolution and eliminate the risk of users getting frustrated and looking at competitive solutions.

Keep the momentum going

Emails are often ignored, and updates on your website can be easily missed. Even if you have an app, users can turn notifications off. So how do you best keep your customers informed? From tips and tricks, to new feature announcements, to planned downtime, your customers can stay in the know about essential updates with proactive 2-way outbound SMS notifications.

Text messaging is pervasive and continues to prove to be the channel of choice for end users to send and receive messages. Companies that establish text messaging as a two-way communication channel can realize higher adoption rates, while reducing TtV, all by delivering messages on a pervasive, preferred, and convenient channel.

Quiq Messaging is how consumer-facing software companies are cutting through the noise to deliver critical messages to their customer’s mobile device. We help companies engage with their users where they already live – on their phone, on the web, and on social media.

About Quiq

Quiq makes it easy for customers to contact a business via Messaging, the preferred channel already in use with our friends and family.  With Quiq, customers can now engage with companies via SMS/text messaging, Facebook Messenger, Web Chat, In-App,and Kik for help with their pre-sales and post-sales questions. Learn more about Quiq today at quiq.com.

Improving Customer Retention for Your Service-based Business

Our hyper-connected culture has built a consumer eco-system where raving fans help bolster a brand’s reputation and new customer acquisition through word of mouth. In addition to that, there are a plethora of reasons that make a compelling case to focus on improving customer retention as much as, if not more, than customer acquisition.

By no means are we advocating that you ignore customer acquisition. In “Ways to Increase Your Customer Acquisition for Service Based Businesses” blog post, we talk about how important these efforts are.

The case for customer retention is pretty strong and demands attention:

  1. It can be 5-25 times more costly to acquire a new customer than it is to retain an existing one
  2. A business can boost profits by 25% to 95% by increasing customer retention by as little as 5% (HBR).
  3. Existing customers spend 33% more than new customers

The math has been around for awhile, but few companies have solved the problem of keeping existing customers happy and coming back for more.

Service-based businesses are uniquely poised to create a remarkable experience that starts with adding value for the customer and keeping them engaged for additional purchases in the future. Quiq is helping companies do this every day by employing text messaging, opening a channel that is pervasive, comfortable, not to mention, the preferred method of communication for consumer-to-business interactions.

Improve customer retention with messaging

Whether the service is home security, lawn care, commercial cleaning services, or residential moving, consumers are placing trust in you, the service provider, to deliver the expertise that will get a job done right and at a reasonable cost. Sometimes initial consultations between the consumer and the company can get cumbersome and lengthy with multiple phone calls, emails, and scheduling. Many of the service-based businesses we work with are looking at Quiq Messaging to make communications with customers faster and easier.

Everyone has their phone with them all the time, but can’t always find the time to have a phone conversation. This is where messaging comes in. Text messaging conversations are better than phone calls, since they can happen asynchronously, at the pace the customer wants to have the conversation. Even better, photos, videos, and links can also be shared via messaging, unlike a phone call, making the conversation more fruitful. We’ve also found that consumers overwhelmingly prefer text messaging as a way to communicate with businesses.

Let’s consider that home security company for a second. A customer who has purchased motion sensing lights is having trouble positioning the lights around their home. That customer can start a text with customer service agent and send pictures and videos of where the lights are located and how they are positioned, giving the agent better context of how to solve the issue, all while the customer is still on the phone.

Providing real-time interaction through media rich text messages makes it easier to do business with your company and is a value add to your busy customers. We’ve witnessed customer satisfactions scores skyrocket among companies who have implemented Quiq. These companies are laying the foundation for engaged, satisfied customers to come back.

Grow retention through engagement

Companies are most successful increasing customer retention when they focus on excellent customer service and engagement. Encouraging customers to interact with your business 24×7 from anywhere, not only improves the customer engagement, but it also provides an unprecedented opportunity to enhance customer retention and loyalty.

Quiq clients have found consumer engagement and interaction levels increase across their clients upon implementing Quiq Messaging. Communication is more accessible for customers because conversations can take place anytime and anywhere they have their smartphone – which is always and everywhere.

Your business can also use outbound messaging to keep current customers engaged with you. Sending timely notifications can help keep your company top of mind when your client is ready to buy. Perhaps the home security company would like to send quarterly reminders to customers to check the batteries in their lights and cameras or recommend other products that may complement what they already have. This type of proactive communication anticipates the needs and wants of your customers and keeps the lines of communication open.

Dig deeper wells not higher fences

There’s a story about a traveler who visits an Australian outback cattle ranch and finds that there are miles and miles of farming country with no fences. The traveler asks the rancher how they can contain their cattle without barriers. The answer was simple. The rancher replied that they dig wells instead of fences. Why would the rancher need to fence the cattle in when they are highly motivated to stay close to water, a necessary and highly desirable resource?

The moral of the story: If someone has decided to do business with you, the chances that you can convince them to do more business with you are much more likely than convincing someone brand new. Use the tools and technology that create an exceptional experience to motivate them to stay.

You can dig a deeper well and retain more customers with Quiq Messaging, which provides an easy way for customers to contact a business via Messaging, the preferred channel already in use with their friends and family. With Quiq, customers can engage with service-based companies via SMS/text messaging, Facebook Messenger, Web Chat, In-App, and Kik for help with their pre-sales and post-sales questions. Learn more about Quiq today at quiq.com.

About QuiqQuiq makes it easy for customers to contact a business via Messaging, the preferred channel already in use with our friends and family.  With Quiq, customers can now engage with companies via SMS/text messaging, Facebook Messenger, Web Chat, In-App,and Kik for help with their pre-sales and post-sales questions. Learn more about Quiq today at quiq.com.

Increase Customer Acquisition for Your Service-based Business

Usually, a buyer’s journey starts with an initial thought – a question that often begins something like “I wonder if…” “I wonder if I could add an alarm system to my home?”

From there, a buyer may start to passively look around to see if that “what if” scenario they’re envisioning could become a reality. “I wonder how much these new wireless monitoring systems cost?”

Sometimes, there’s a compelling event that motivates the buyer to search for solutions immediately. For the majority of purchases, the journey begins with a thought that eventually turns into actively looking for answers.

Our hypothetical buyer above will eventually want to ask questions, set up an appointment, and get quotes. Imagine when our buyer starts looking for options during their lunch hour and your security monitoring business pops up as a contender. Now imagine that instead of our buyer jotting down your phone number to call later, he sends a quick text message to ask if someone could come by and take a look at his home.

Later that day, before he’s even called anyone else, he checks his phone and sees you’ve responded. This conversation can continue as he goes about his day. Convenience – that’s just one of the reasons consumers prefer text messaging over calling to communicate with businesses.

As the number of consumers who are comfortable with the quick, efficient, responsive nature of mobile messaging continues to swell this method of engagement will continue to grow and scenarios like the one above will become commonplace. Many of the service-based businesses we talk to have already spotted this trend toward mobile messaging and are looking at Quiq Messaging to make the pre-sales process easier for customers.

Text Messaging opens a Sales Channel

In the report, “Customer Preference for Messaging,” we found that nearly half of the people surveyed “would choose one product/service over another based on mobile messaging availability.” Consumers are looking for products and services that fit into their busy lifestyles and clicking around a website or waiting on hold to get questions answered just doesn’t work for them anymore.

Consider our home security example above, today’s buyer interested in adding a security system to their home want to text in questions like “Do I need a landline to set up your system?” or “Do I need to sign a contract to get started?” Buyers today want to get those pre-qualifying questions answered on their terms – on the channel and at the pace they prefer. Later, our buyer, interested in getting a quote can text “When can someone come by to give me a quote?”. This kind of convenience can set a company apart from other service providers.

Text Messaging raises your Brand Perception

In this wired day and age, we’re finding more and more consumers are expecting the brands they prefer to provide exceptional customer experience across all of the channels they are on (web, social, text). While many companies are still trying to optimize outdated channels like IVR systems and email, others are looking for more innovative ways to set themselves apart from the competition.

Quiq Messaging allows you to add a level of sophistication to your communication channels that will raise the perception of your brand among prospective customers. Our research shows that a majority of buyers “would pay more for a product/service if it is supported by a mobile messaging channel.” This preference and willingness to pay a premium for the convenience of text messaging puts a spotlight on the high value placed on mobile messaging across all age demographics.

In addition to raising the perception of your brand, service-based businesses have the opportunity to amplify their word of mouth efforts. Now, more than ever, consumers are influenced by the recommendations of friends and family, and even social media.

Leaving customers happy and satisfied with their experience by providing a convenient, easily accessible way to engage with your business throughout the entire buying process will help support positive word-of-mouth for your business.

Raising the Standards for Customer Acquisition

Twenty years ago, banner ads could grab someone’s attention and get response rates north of 70%. Ten years ago, receiving an email from a company was an innovative way to drive a customer back to your business. Now, only about 20% of emails even get opened, let alone read. Today, those two methods have become what most people consider noise and are often overlooked.

Businesses must now think of more innovative ways to differentiate themselves and earn business. As research shows, buyers want and expect companies to provide them with personal, timely, and convenient communication to build a meaningful two-way relationship. Quiq Messaging is how innovative companies are making that happen.

Quiq presents a unique opportunity to open a new, preferred channel to customers by allowing consumers a way to contact your service-based business via messaging. The added ease and convenience will make your business the more attractive choice within a hyper-competitive market.

Quiq allows you to be where your customers are and enables engagement with service-based companies via SMS/text messaging, Facebook Messenger, Web Chat, In-App, and Kik for help with their pre-sales and post-sales questions. Learn more about Quiq today at quiq.com.

About Quiq

Quiq makes it easy for customers to contact a business via Messaging, the preferred channel already in use with our friends and family.  With Quiq, customers can now engage with companies via SMS/text messaging, Facebook Messenger, Web Chat, In-App,and Kik for help with their pre-sales and post-sales questions. Learn more about Quiq today at quiq.com.

Terror Filled Tales of Customer Service – (Part II)

In October, we started our terror-filled tales of customer service series. The first article in our two-part tale carried you through the series of unfortunate events of the Equifax security breach. In this article, I’ll share with you how text-based customer service saved me from a harrowing experience.

Now, draw the blanket up just a little tighter. Keep the lights on and listen carefully to what is about to unfold, because there is mischief afoot. This story begins, like most spooky stories, on a dark and stormy night, much like any other Friday night in our neck of the woods.

The text-based customer service ping in the night

I was sitting on my couch, mindlessly scanning Pinterest – my treat after everyone’s fed, the dog is walked, and the baby snoring softly in her crib. I heard a noise. Not the bump in the night kind of sound – more like a ping.

It was almost 9:00pm and I was receiving a text message. Friends and family usually text me at all hours of the night. I always have my phone with me and am particularly aware of incoming text messages. As a parent and the caregiver of an elderly parent hundreds of miles away, I can’t afford to be digitally untethered.

This message wasn’t from a friend reacting to the latest episode of a TV show. This was a fraud alert. The text-based customer service message alerted me that there was a charge for a Las Vegas hotel for over $1000. Almost 830 miles away from the neon lights of Las Vegas, my first reaction was, well, envy for whoever was out having fun – on my stolen credit card information. My second response was, of course, panic.

Real-time customer service

Coincidentally, moments before I heard the text message alert, I had just overheard a voice on TV mention the Equifax data breach. I thought to myself, “Are we still talking about this?”. You see, I had already moved on to the next piece of alarming media that was permeating the news. It was comforting that my credit card was still on high alert even if I wasn’t.

Wide-eyed and a little nervous, I eagerly replied with a “2” which, according to the fraud alert, confirmed that the charge was not valid. Another quick text of “Help” sent me a response that provided me with the next steps I could take immediately.

Quiq Messaging allows you to initiate a one-on-one communications to customers like the alert I received. You can also send one-to-many outbound messages for things like promotions or out-of-stock updates. The two-way nature of text messaging enables business messaging to be less about alerts and more about having a short conversation.

The long and short of it

The only reservation I had was that the alert came from a shortcode. My carrier lumps all messages under one sender – SMS Business. There was some hesitation to trust this warning. I would have felt more confident if, like a message from a friend, it was a number I had recognized or I could save in my contacts.

Quiq Messaging allows you to provision phone numbers that may already be familiar to your customers, eliminating that unease. These could be the same landline numbers your business already uses, or you could also dedicate new SMS business texting lines to send and receive messages.

I am grateful that this bank is in tune with how I, and most consumers today, prefer to communicate. A text message, especially for something with this degree of importance, is how I prefer to engage with companies – timely, relevant, and to the point. Opening up customer-preferred digital messaging channels like text messaging, social, and web chat helps top brands stay ahead of their competition and serve customers better. This preference for digital messaging is exactly why Quiq is one of the leading messaging solutions.

Quiq Customer Spotlight: Learn How evo Uses Quiq Messaging

Customer Spotlight: evo & Quiq Messaging

evo, a leading online retailer of outdoor gear and fashion apparel is known for exploring the collaboration between culture and sport by seamlessly joining art, music, streetwear, skateboarding, snowboarding, skiing, mountain biking and wakeboarding. Their aim is to bring all things relevant to the urban, action sports lifestyle into one creative space.

Why Messaging?

Focused on going beyond the typical sales experience, evo knew it had to provide a cutting-edge support experience.  Based in Seattle, Washington, evo is a retailer that offers top-notch gear and clothing for outdoor sports enthusiasts.

When consumers had questions, they used to only be able to call or email the company to get an answer. Now, using Quiq Messaging, evo’s customers get swift responses via Facebook Messenger, live chat and text messaging-channels that are often preferred or more convenient for their active, on-the-go consumers.Six people in the snow sitting down

Easy For Customers to Engage

Some customers contact evo for help during the purchasing process with very specific product comparison questions. Others have questions about shipping and a possible return. While still others need technical help with a product they just purchased. Regardless of the question, evo’s customer care center is ready to answer. And customers are happy with the choices of channels over which to contact evo.

When a customer is on evo’s website, if an agent is available, the live chat image will automatically appear on the bottom-right of the desktop, making it easy for a customer to start a chat conversation. And, text messaging is offered on its mobile website. Customers are excited to be able to engage with evo via text messaging. It’s fast and it’s convenient.

“Certain people like to communicate via specific channels and with Quiq Messaging we are able to serve more people in the manner in which they want to engage. That’s a big win for us and our customers.”

Justin Courtney, Customer Care Manager, evo

Efficient For Agents

Top agents can easily handle live chat and text messaging conversations, on top of the phone calls and emails they are already answering.  Since Quiq supports live chat, text messaging, and Facebook Messenger, evo agents only have to log into one application. Quiq is so easy-to-use that all agents are able to support all channels.  During peak winter months, evo has the ability to dedicate agents to manage real-time interactions based on increased volumes to ensure response times are kept in-check.Inside the business

After introducing live chat, it immediately accounted for 11% of support inquires. Phone volumes dropped by 8% and emails inquires decreased by 3%. That trend has continued to follow the same track with Quiq’s live chat and text messaging solution, which now represents 22% of the overall support volume.

What the Future Holds

Looking ahead, evo plans to integrate Quiq Messaging with their NetSuite implementation to consolidate all customer contact data, which will both improve the customer experience and yield additional opportunities through improved reporting. They are also planning to build out the visibility and promotion of its new messaging capabilities on their mobile website.

About Quiq

Quiq makes it easy for customers to contact a business via Messaging, the preferred channel already in use with our friends and family.  With Quiq, customers can now engage with companies via SMS/text messaging, Facebook Messenger, Live Chat, and Kik for help with their pre-sales and post-sales questions. Learn more about Quiq today at quiq.com.

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Mobile Millennials – How to Attract Them to Your Credit Union

Credit unions have long been viewed as the more local, approachable place for multiple generations to manage their finances. During times of financial crisis – recessions and dot-com busts, Credit Unions have gained the trust and admiration of Boomers and Gen-Xers who make up two-thirds of today’s total credit union membership. Today, the average age of a credit union member is 48. Credit Unions continue to appeal to these generations with the right products, services, and messaging. However, in order to increase members and grow revenue, Credit Unions will need to attract and engage Millennials as well.

How Credit Unions Can Appeal to Millenials

Boomers and Gen-Xers have a fairly high satisfaction level with Credit Unions. Millennials, not so much. Millennials are roughly between the ages of 18 – 34 and make up about 42 percent of the US population. Many of them are coming into their financial own, possibly needing financial products as they navigate college, first homes, and saving plans as they start new careers.

According to a CFI study, the CUSI (Credit Union  Satisfaction Index) score is lowest among Millennials. This could have detrimental effects on membership growth among this population since Millennials tend to trust brands and services based on recommendations of others. A low satisfaction score translates into a low adoption of other products and referrals to their family and friends.

messaging credit unionsOne of the main reasons for the lower satisfaction score is the digital experience gap. The Millennial generation is much more digitally connected and comfortable with online transactions than previous generations. Targeting Millennials and increasing overall customer satisfaction will require credit unions to reduce the effort it takes to do business with their institution. Obstacles, such as members having to repeatedly contact the credit union or repeat information, can be eliminated with the use of technology like Quiq, which enables customers to easily connect with their institution over their mobile device and at their convenience.

According to a FICO survey on Millennial banking, a large percentage of the Millennial generation feel that their bank does not communicate with them through their preferred communication channel.  Mobile apps, text messaging, and the bank’s mobile website are the preferred methods of communication. Credit Unions have the opportunity to build a multi-channel digital engagement approach using the channels most attractive to Millennials.

“43% of Millennials don’t think that their bank communicates to them through their preferred communication channels.
~Fico, Millennial Banking Insights and Opportunities

It’s not just Millennials who want to message you; 66% of customers prefer mobile messaging for contacting a company because it is easy and more convenient than making a call or sending an email. Building and maintaining a relationship with these customers doesn’t need to be just a one-way street. Credit unions have personal relationships with their members, so facilitating a two-way conversation via messaging is critical. Quiq clients have found that engaging with customers to answer questions is just as important as the ability to send outbound text messages with new  product and promotion alerts.

At Quiq, our clients have seen a 5-10% higher customer satisfaction rate for messaging than any other channel. It is clear that consumers are already comfortable with using messaging to resolve issues and receive information. This could not be more true for Millennials. In a research study conducted earlier this year, Quiq discovered that 76% of Millennials “view messaging as an extremely/very effective channel” as compared to 58% of non-Millennials.

Cater Your Engagement to Younger Generations With Quiq

Quiq offers the messaging solution organizations need to attract all generations, especially Millennials. Our messaging solution allows all members to start or continue a personal one-on-one conversation over their preferred communication channel with your organization. Request a demo to see how easily your Credit Union can implement Quiq messaging and grow their Millennial membership.

Terror Filled Tales of Customer Service – (Part I)

We all heard the tale and hoped it was just urban lore or fake news, but the Equifax security breach was real. After hearing the news, everyone felt the creeping chill of vulnerability and helplessness as we all scanned for signs that we could be prey to identity theft or scams. Equifax confirmed the security breach compromised sensitive data like birthday’s, social security numbers, and account information of 145.5 million US customers. The highly debated topic raised a lot of questions since Equifax announced on September 7th.

We at Quiq, who built the leading asynchronous platform for business messaging, continue to watch the story unfold. In a two-part series, we explore the data breach that recently rocked the news and attempt to find learnings and insights. Gather ’round as we share this spine-tingling tale and the value-added opportunities that exist for any company that wants to advance their customer service experience.

In the case of Equifax, there was indeed an opportunity for a sense of urgency. The credit reporting agency revealed the data breach in September, approximately 40 days after the cyber attack, leading many to question why there was such a delay. Some even report that Equifax was aware of the vulnerability that led to the breach as early as two months before the data breach occurred. We want to get immediate answers to questions or updates on situations in this age of instant digital gratification.

Web Chat Provides Immediate Customer Service

In response to their announcement, Equifax created a website, www.equifaxsecurity2017.com to help consumers answer the one question that everyone wanted answered: “Am I affected?”. The response website was a self-serve customer service option to help people take some immediate action.

Once consumers entered their information, the follow-up page gave them the option to click to an FAQ page. While the gravity of the situation likely spawned lots of questions, many of the site’s users wanted answers that were relevant and specific to them and their data. Some consumers found the message confusing and wanted definitive answers.

Customer service response to Equifax Security Breach The Equifax Security Breach service page left some customers wanting more definitive answers.[/caption]

Quiq’s Web Chat could have provided consumers a place to chat live with an Equifax Customer Service agent to help guide them through the process at this critical point. We see a lot of companies use this powerful tool to help guide customers when they need it the most, like when they find themselves stuck on a page with questions needing more direction.

Text Messaging Snippets Ensure Consistency

Sadly, the well-intentioned effort of setting up a response site also paved the way to another customer experience snafu. TheVerge reports how Equifax mistakenly mistyped the URL as www.sercuirtyequifax2017.com.  The tweet sent visitors to a phishing site set up by developer Nick Sweeting to expose the vulnerabilities of the Equifax response page.

Quiq recognizes the need for agents to quickly and accurately share helpful, repetitive information to avoid situations like this. We have the ability to use “snippets”, or pre-populated content. Snippets are easy to create, organize, find, and use to ensure consistency and expedite communication.

Increase Service Speed with Outbound Notifications

While the response website was a great resource, it could not deflect the onslaught of calls the company received.  Concerned consumers wondered if they would be responsible for charges they didn’t make. This type of crisis control is where a readied front line of knowledgeable customer service agents shines; but therein lies the rub. A Fast Company article details how customer service agents that took calls on the day of the announcement had not yet learned of the breach and were unprepared to answer questions about the event.

Quiq can send outbound messages that make alerting employees, partners, and customers easy and fast. With our outbound messaging service, Equifax could have informed everyone, including all of the front-line service agents, in an instant.  In addition to the news an outbound message could provide helpful resources to help agents deal with the calls.

Sure, there are plenty of cringe-worthy moments in this tale, but there are lessons to be learned. While this story is extreme, we see real opportunity from crisis mode to the day-to-day status quo to elevate customer service. We invite you to learn more about how Quiq Messaging can help your company come out of the dark (ages) of customer service and into the light of messaging for business.

Engaging Students Via Messaging: 3 Reasons to Start Now

It is no secret that is messaging is the preferred method of communication for nearly everyone.  97% of smartphone owners regularly use text messaging, making it the most widely-used feature according to Pew Research. Multiple studies have proven that when organizations offer their customers messaging, higher engagement and loyalty prevail.

Does this also hold true for students and educational institutions? Can messaging work for higher education as well as it does for companies? The answer is yes.

Why Use Messaging to Engage With Students?

Here are three reasons why you should use messaging to communicate with your prospective and current students:

1. Students Want to Communicate With Text

The #1 reason you should use messaging to have a conversation with your prospective and current students is they want you to. Your students want to interact with you via messaging because they simply don’t ever like to talk on the phone and email is for “old people”.  They spend more time on their mobile devices than any other demographic and messaging is their preferred communication method. To that point, an independent study (Royall & Company) found that nearly three-quarters of prospective students want to text with admissions counselors.

2. Track and Analyze Engagement

The second reason is to track and monitor prospect students’ interest. Students that engage with educational institutions via messaging tend to show higher interest and a stronger likelihood of enrolling. Identifying these candidates early allows your college or university to nurture these prospects through the enrollment process, building a more sustained, long-term relationship.

3. Create A More Personal Connection

Finally, the key to student retention lies with making a connection. Messaging is a perfect communication medium for students and engaging with them via messaging is personal and easy, paving the way for a successful relationship. Prospective and current students have a direct connection your school right at their fingertips, allowing them to communicate whenever and wherever they want.

The bottom line is that adopting messaging to allow students and institutions to communicate is a critical component to engaging and attracting prospective students, as well as for retaining current students. Colleges and universities using messaging are already seeing great results. They understand that messaging can help prospective students navigate their path to and through college.

Customer Service Messaging: Ovum Puts Quiq On The Radar

Ovum Quiq MessagingQuiq Messaging is recognized by Ovum in the customer service messaging and consumer messaging app space.

“Unlike other messaging platforms, Quiq’s technology takes a sharp focus on managing messaging at scale.”

– Mila D’Antonio, Principal Analyst Ovum

Ovum’s On the Radar is a series of research notes about vendors bringing innovative ideas, products, or business models to their markets. On the Radar vendors bear watching for their potential impact on markets.

Why put Quiq on your radar?

  • Asynchronous Messaging – Quiq offers a messaging solution that mimics the way consumers interact via messaging in their daily lives.
  • Fast Deployment– The platform’s ability to integrate into various external and internal applications enables fast deployment.
  • Flexible Pricing – Its bundle pricing model provides flexibility allowing companies to scale as customers or volumes grow.

Contact us to find out why Quiq should be on your radar!

Here is a bit more detail from the report regarding Quiq’s functionality. Feel free to watch a short product video to put pictures to all these words!

Quiq’s Messaging Capabilities:

Quiq Messaging supports SMS/text messaging, Facebook Messenger, Web Chat, and Kik. It can be purchased as a standalone customer channel, or companies can deploy one of Quiq’s pre-built CRM integrations, which include Oracle, Zendesk, and Salesforce.com.

Additional features for Agents include:

  • Multi-conversation UI – enables agents to manage multiple conversations simultaneously
  • Text snippets – offers reusable text blurbs retrieved with simple keyboard shortcuts for on-the-fly responses
  • Collaboration – allows managers to watch the conversation and lend advice to the agent in the background
  • Emoji sharing – creates personal interactions between agents and customers
  • Adaptive response time coaching – measures the customer’s level of engagement and coaches the agent, suggesting which conversation needs the next response
  • Image and video – enables video and image sharing when necessary

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How Quiq Caters to Managers

Notable features for Managers include:

  • Rerouted conversations – automatically reroutes ongoing conversations when agents go off-shift
  • Real-time monitoring – shows aggregate metrics such as current load, number of customers waiting, wait times, and individual agent performance, including the number of conversations handled, average response time, and times unresponsive
  • ACD-like conversation handling – keeps incoming demand at manageable rates with auto-responses delivered to customers when queues overflow
  • Unresponsive agent timers – automatically puts a conversation back in the queue to be handled by another agent if an agent fails to respond within goal thresholds
  • Conversation observation – provides visualization of the entire conversation thread, provides whisper advice, and, if necessary, takes over the conversation without interruption the conversation
  • Historical statistics – can send conversation statistics in realtime to other systems for cross-channel reporting and BI analysis

 

  • Learn more about the Messaging space and Quiq here.

Quiq Video: Messaging For Customer Service

Quiq Video: Messaging Platform for Customer Service

At Quiq, our focus is on improving the way customers communicate with companies. We believe mobile message-driven communications will replace a significant portion of traditional phone and email interactions. With this shift from higher cost phone calls to low cost messaging, companies will see significant cost savings. Our solution makes it easy for customers to contact a business via Messaging, the preferred channel already in use with their friends and family.  Because messaging is so convenient and easy for consumers, the customer satisfaction scores are higher than for any other channel. Lower costs, higher customer satisfaction – who can say no to that?

Expand Your Service Capabilities with Quiq

With Quiq Messaging, customers can engage customer service for help with their pre-sales questions and post-sales support. We support SMS/text messaging, Facebook Messenger, Web Chat, and Kik. Quiq Messaging can be purchased as a stand-alone customer channel or companies can take advantage of one of our pre-built CRM integrations, including Oracle, Zendesk, and Salesforce.

Customer Service Messaging Infographic

This customer service messaging infographic was developed from the results of a Quiq partnered 2017 U.S. research study with Market Strategies International to understand consumer’s interest, preference, and demand for using Messaging to engage with Customer Service organizations.

See the full report…

Part 1: Four Reasons to Add Messaging to The Contact Center

The Messaging Mandate

This is Part 1 in a 3 Part Series focused on The Messaging Mandate. This article highlights why your company should consider adding Messaging to your customer service organization. Part 2 will discuss the criteria against which to rank consumer to business messaging providers.  Finally, Part 3 will outline what to consider to successfully implement messaging.  We hope you enjoy the series.

Messaging is not new…in fact, it has been around for quite some time.  We have been using messaging to send messages, photos, and emojis to our friends and family for over 20 years–to the tune of over 6 billion text messages daily in the U.S. alone (Forrester).  According to Pew Research, 97% of Americans use text messaging on a daily basis, making text the most widely and frequently used app on smartphones.  So if text messaging is not new, what is new? The answer: Consumers messaging customer service.

The vast majority of messaging occurs between individuals, friends, and family members. Messaging a company is just taking off. Business text messaging is simply the ability for consumers to contact businesses and exchange information over mobile devices. Messages can be sent as text (Short Message Service/SMS), pictures, video, or audio (Multimedia Messaging Service/MMS) over a variety of messaging apps like Facebook Messenger, Kik, etc.

Done correctly, messaging is a powerful tool to help consumers connect with businesses – especially when it come to customer service.

1. Customers Expect It

Consumers are demanding the ability to communicate via messaging with brands and businesses.  Consumers don’t want to just receive messages from businesses, they want the ability to message them back.  No longer is messaging simply a one-way channel for companies to market to consumers. Customers now expect to be able to initiate a two-way, one-to-one conversations with the companies and brands they use.

In fact, the majority of U.S. consumers would prefer texting over the current methods of reaching customer support (eWeek).  As Forbes writer, Micah Solomon, stated: “ If your customers won’t even call Mom on the phone anymore (they’re texting her instead), why are you forcing them to call your business on the phone any time they need customer service or support?”  Consumers prefer messaging as a channel of communication and when given a choice, they use it.

2. It’s a Competitive Advantage

“The customer experience is the next competitive battleground.”
– Jerry Gregoire, Chief Information Officer at Dell.

According to Gartner, 89% of companies plan to compete primarily on the basis of the customer experience and the main driver of the customer experience lands smack dab in the middle of the customer service and support organization. In fact, Harris found that 88% of customers prefer doing business with a company that offers quality customer service over a company that has the latest and most innovative products.  A good product is expected of every company. Innovative and quality customer service is the competitive advantage.

With the continued focus on delivering great experiences via customer service, it is critical that companies constantly innovate and adapt their service approach to exceed customer expectations. The interest, preference, usage, and demand for consumer-to-business messaging is already evident and companies that don’t already offer messaging are quickly falling behind.

Messaging is not only what consumers want, but it is also what businesses should want.  Adding messaging as a customer service channel delivers significant cost savings due to offloading phone calls, while improving customer satisfaction (CSAT).

3. Significant Cost Savings

Activating messaging for customer service not only provides a better experience for the customer, it is also much more efficient for agents compared to phone calls and emails. Messaging is cost-efficient and time-efficient for customer support teams for many reasons:

  1. Agent supported phone calls cost several dollars per conversation, while agent supported texts cost pennies per conversation. (Forrester & ContactBabel)
  2. Implementing a messaging channel allows companies the ability to deflect calls to a lower cost channel. It is common to see a 20% or higher offload of phone calls to messaging.
  3. Messaging allows each agent to handle multiple conversations simultaneously, improving productivity over one-to-one voice calls.  Additionally, agents can typically handle 6-8 messaging conversations at once due to the asynchronous nature of messaging, dramatically improving agent productivity.
  4. Agent familiarity and comfort- Messaging allows agents to use an interface they are already familiar with because they message their friends and families too. This makes it easy for agents to quickly come up to speed to support a new channel.

Customers want it. Agents understand it. It makes agents even more productive and saves you money. If your business isn’t taking advantage of the opportunity to activate Messaging to interact with customers, what could possibly be holding you back?

4. Higher Customer Satisfaction

We are now living in a world where businesses need to move past being customer-centric or customer-focused into being customer-obsessed (Forrester). Customer-obsessed companies focus on customer satisfaction and retention, understanding that these measurements are key metrics for any company trying to compete.

It is notable then that texting is the highest rated contact method for customer satisfaction compared to all other communication channels (Text – 90%; Phone – 77%; Facebook – 66%). (eWeek).

Why is text so highly rated? Because it blends the real-time answers of a phone call with the portability of a mobile device. The customer benefits from the convenience and control they get from messaging.  Their interaction with a company can happen at their pace, on their terms, instead of on the company’s terms. With messaging, consumers are able to get customer support at the speed of life.

With mobile devices, customers can interact with an agent from wherever they are, even in places where there may not be an internet connection.  Unlike web chat, customers no longer need to be tied to their computer.  Wherever they go, the conversation can continue.

While voice offers the advantage of “real time” interaction, it usually occurs after the customer has navigated an IVR system or been placed on hold.  Studies show that customers are increasingly frustrated by being placed on hold. Texting is as “real-time” as a voice call, but without the hold times.  The immediacy of communication brings about a feeling of connection and importance, allowing brands to be more human and relatable.

Conclusion

Consumer’s preference for messaging in both their personal and business lives continues to grow, with no end in sight.  They appreciate that texting is a fast and efficient customer support option, and expect businesses to respond accordingly.  Customers want real-time responses to their support issues. By adding messaging to your Contact Center, managers and agents have the tools necessary to provide a better customer experience, while saving money.

About Us

Quiq connects customers and companies via Messaging (Facebook Messenger, SMS, and Kik), resulting in more efficient customer service and happier customers.  Learn more about Quiq today at quiq.com, or email sales@goquiq.com for a free product demo.