The 3 Essentials Customers Want Most | Entrepreneur (2024)

Table of Contents
1. Listen. 2. Deliver. 3. Adapt. FAQs

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In the late 1990s, I used to work for a CEO named Joe, who was brought in to turnaround our struggling, sleepy-old telecom company.

The first thing he did was produce and distribute 10,000 pocket-sized plastic cards for every employee. Emblazoned on the front was "Customers First." Printed on the back were eight customer commandments he wanted every employee to follow.

Joe and his executive team traveled around the country preaching the "new" gospel of customers. They would randomly spot check employees to see if they had their card, then quiz them on the commandments.

If you couldn't answer the questions, you had to pay the boss $5.

The executive team didn't get a pass, either. They had a steeper penalty of $100 for any missed commandments when quizzed by the CEO during meetings.

While some may view that type of shtick as cheesy or gimmicky, it worked. Within months, Joe's simple tactic helped transform our culture and our business by refocusing our commitment to customers. The eight commandments Joe pushed into every crevice of the organization supported the following three things that every customer still wants today.

1. Listen.

All too often organizations develop products and services, without first considering the wants and needs of customers. That's backwards. The first step is to engage customers and find out their greatest point of pain and work to alleviate that pain.

A great place to start is by asking them a simple question, "What keeps you up at night?"

Related: 3 Ways to Grow Your Business By Focusing on the Customer

2. Deliver.

Their answer to that question, and subsequent follow-ups, provides a good opportunity to convey the solutions and benefits you can convey via the features of your products, services or solutions.

Once they agree you can help, it's up to your team to deliver on the promise to the client and "Wow" them with your results that exceed their expectations.

Related: Stop Losing Money and Focus on Customer Service (Infographic)

3. Adapt.

Every business leader knows that keeping customers is easier and less expensive than getting new customers. The key to that retention is a constant adaptability to their changing needs.

In fact, the best product and service providers are attuned so well they anticipate their clients' needs. They offer solutions that address budding problems or nascent pain that might not yet be perceived by the customer.

Simply stated, adaptability breeds customer loyalty. It doesn't take a PhD to understand these basic customer needs, but it does take a renewed customer focus.

The grind of day-to-day operations can lull us into an internal focus such that your customers become an afterthought.

Perhaps, the most important customer commandment that Joe instilled in us was that, "If we don't meet the needs of our customers someone else will."

That statement is as true today as it was back then.

Related: To Grow Your Customer Base Focus on EOA: Early, Often and Always

The 3 Essentials Customers Want Most | Entrepreneur (2024)

FAQs

What matters most to customers? ›

Conclusion. Price and quality will continue to be the top deciding factors for consumers, so businesses must keep a pulse check on their customers to ensure they offer the optimal price and value.

What are the 3 factors that consumers need? ›

Situational factors, personal factors, and psychological factors influence what you buy, but only on a temporary basis. Societal factors are a bit different. They are more outward and have broad influences on your beliefs and the way you do things.

What is the 3 key of customer service? ›

Precisely put, customer service is ideally constituted of three most important traits, namely professionalism, patience, and a people-first attitude.

What are the 3 things needed to have demand for a product? ›

Factors Affecting Demand

Consumer income, preferences, and willingness to substitute one product for another are among the most important determinants of demand.

What are the three types of customer needs? ›

Ultimately, all customer needs can be categorized into three main types: functional, social, and emotional needs.

What are the 3 main categories of consumer products? ›

Consumer goods can be classified as durable, nondurable, or service goods.

What do customers value most? ›

Customer value can encompass many factors: your brand's reliability, the effort level they need to put in to get what they want, how innovative your products are, how useful your services are, how they feel about your public image, and how successful their interactions with you are.

What makes a perfect customer? ›

Great Customers Want to be Self-sufficient

They need to be able to configure it and change it on the fly to meet their needs. These are the kinds of people who derive way more satisfaction from finding the answer to their question themselves and see it as a personal failure if they need to call someone for help.

What are the main customer wants? ›

There are four main customer needs that an entrepreneur or small business must consider. These are price, quality, choice and convenience.

What do consumers want? ›

Consumers demand the full “phygital” experience—that is, they want retailers' physical and digital offerings to be consistent and seamless. Media and technology players have set the bar with their superior omnichannel strategies, and now consumers expect the same convenient omnichannel experience from retailers.

What are the 3 P's when choosing a client? ›

People, product and process are the core ingredients to deliver an exceptional customer experience. To optimize the three Ps, leading companies rely on: Employee feedback. Trade feedback.

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