4 Customer Pain Points & How to Address Them
Whether you’re selling a product or a service, the idea remains the same; solve your customers’ problems. In the e-commerce space, these problems are called customer pain points, and knowing how to address them is crucial to your brand’s success.
Customer pain points come in many forms, making them difficult for new business owners to identify. But don’t worry! We’re here to help you out. This article will discuss how you can address the most common customer pain points to ensure the utmost satisfaction and provide a positive buying experience.
1. Financial pain points
Anything money-related can present hurdles when prospective buyers look at your product/services. Financial pain points can come in many different forms, and the most common ones are:
- Huge one-time payments
- Expensive subscription fees
- Hidden fees/charges
- Value perception
Most businesses think lowering prices will help solve the customer’s problem, but in reality, it will only affect your ability to generate profits. Instead of focusing on the price, you want to create a solution that addresses the problem to the core.
For example, if you offer legal services and your clients struggle to pay one-time fees, you can offer in-house installment plans to ease their burden. By providing customizable payment solutions, you can generate consistent revenue and alleviate one of your customer’s pain points.
If your customers are hesitant to buy your products because of their perceived value, you can address this through your marketing materials. Communicate with your customers about how well your product/service can solve their problems. If you can reinforce the quality of your brand, customers will be more than happy to pay for them regardless of their price.
2. Productivity/process pain points
Productivity/process pain points stem from inefficient processes that hamper the customer’s buying experience. There are many examples of this, including:
- Lengthy checkout systems
- Slow-loading websites
- Clunky user interface
- Complicated software
Pain points that affect the buyer’s time can create friction and lead to a sub-optimal interaction with your brand. To address them, you want to keep convenience in mind when serving your customers. Optimize your website for mobile devices to ensure they load quickly and shorten the buyer’s journey for a hassle-free experience.
The good news is there is plenty of modern tools designed to streamline the customer’s buying journey, and one example is a one-click checkout solution. This type of software eliminates the unnecessary steps from the buying process to make it as convenient as possible for your customers.
Such an example is worth noting when trying to solve productivity pain points. Remember, people value time, and a 3-second delay in your website loading is enough for customers to leave your website.
3. Support pain points
Customer support plays a huge role in a company’s success, and often buyers experience pain points in this area. Whether it’s a delay in response times or failure to provide the correct answers, support pain points revolve around problems buyers face regarding your product/service.
There’s no going around this problem. To guarantee customer satisfaction, you must address their concerns swiftly and efficiently. Provide adequate training to your support team and hire the right employees to ensure quality after-sales service. Always go above and beyond in solving customer issues, as it’ll help immensely in repeat sales for your business.
One of the best ways to address support pain points is to implement digital engagement tools like chatbots. Chatbots provide 24/7 customer service and provide accurate answers to buyer concerns. Leverage the power of modern technology to provide quality customer service.
4. Product/service pain points
These pain points refer to the actual problems customers experience with your product/service. No product/service on the market is 100% guaranteed to work flawlessly, and the brands that stay in tune with their consumers are the ones that will stand out from the competition.
Listen to what your customers are saying about your products/services. Read their reviews and ask for polls on improving your brand’s offerings. If a customer says they have an issue with the materials you use on your products, you may want to consider sourcing from a new supplier to meet their needs/expectations.
Service pain points often arise due to a lack of knowledge from the business owner’s end. You want to showcase your skill and expertise so customers can manage their expectations. Addressing service pain points can be more challenging than product pain points, but when approached with the right mindset, you can work around them and deliver a satisfactory customer experience.
Tips on identifying customer pain points
The key to identifying pain points is to gather insights from your customers as much as possible. To achieve this, keep the following tips in mind:
1. Ask the right questions
Customer feedback provides valuable information on how buyers feel about your product/service. You can obtain insights through post-sales surveys and ask customers questions about their experience. To make your surveys more effective, we’ve written out a guide on how post-sales surveys work and what questions you should include.
The key is to ask open-ended questions that enable customers to describe their emotions. For example, if you want to identify productivity pain points, you can ask a question like, “How can we improve your shopping experience?” or “How was the checkout process for you?”
2. Keep an eye on your competitors
Despite your best efforts, there could be certain buyer personas that are out of your reach. However, that doesn’t mean you can never gain their attention. It’s just that your brand messaging doesn’t resonate with the customers’ needs.
Here’s where a close watch on your competitor brands can prove helpful. Every business uses a different approach to address customer pain points. Analyzing these pain points helps you make an informed decision when it’s time to revisit and revise your customer experience strategy.
3. Get your sales team talking
When it comes to garnering customer pain points, you should focus not only on your current customers but also on the lost prospects. Expanding your customer base is imperative and behind every lost deal is an important customer pain point that your product failed to solve. This could be a pricing-related issue or a missing feature.
You may resort to digital marketing tools for customer insights, but it’s time to get your sales team talking. Find out about prospective customer pain points and use these insights to get them onboarded as your customer.
The first step is to get your sales reps to write down their observations after every sales pitch that didn’t end up in a deal. Mapping the insights from your salesperson to the feedback on customer surveys can help you decide on the direction your product needs to be moving in.
Customer pain points exist in almost every business, and addressing them can be quite challenging if you don’t know how to identify them. By tackling these four problem areas, you can improve customer satisfaction rates and retain your most loyal buyers. Hopefully, this article helps you identify pain points in your business and guide you in making the appropriate solutions.
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