Roedel Parsons Koch Blache Balhoff & McCollister

How important is building trust with customers?

If we do not trust a particular medical professional, we do not allow him or her to treat our ailments. If we do not trust a certain politician, we do not vote for him or her. We instinctively understand that trust is a critical factor when it comes to interacting with individuals.

However, it is easy to lose sight of this truth in the business world. Surrounded by financial reports and marketing analyses and other types of paperwork, business owners sometimes forget about the human aspect of business success: building trust with customers.

Recently, the Better Business Bureau (BBB) released a study on the “5 Gestures of Trust,” which looks at relationships between businesses and their customers. On average, consumers rated the importance of trust to be 8.6 on a scale of 1-10. In other words, trusting the company that they purchase products from or otherwise do business with is of high importance to most consumers.  

How can businesses gain trust?

The BBB recommends focusing on specific aspects of the business-consumer relationship to help bolster trust and increase a company’s overall reputation. These aspects are:

  • Honesty and transparency – Being real with consumers, which includes the avoidance of false advertising.
  • Humility – Valuing consumers and making their interests just as important (if not more important) than your business’s interests.
  • Equality – Treating consumers as partners or teammates throughout the process, not mere fodder for sales.
  • Proactivity – Taking preemptive action to anticipate and meet consumers’ needs.

It takes time, but it is worth it

Establishing trust is not something that can be accomplished overnight. It may take years of consistent effort for a company to develop a reputation for trustworthiness in the marketplace. However, the dividends associated with such a reputation are significant. It is well worth the time and energy to focus on this important factor to success.

No Comments

Leave a comment
Comment Information
EMAIL US FOR A RESPONSE

Connect With Us

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Baton Rouge Office
8440 Jefferson Highway
Suite 301
Baton Rouge, LA 70809

Phone: 225-929-7033
Fax: 225-928-4925
Map & Directions

New Orleans Office
1515 Poydras Street
Suite 2330
New Orleans, LA 70112

Phone: 504-566-1801
Fax: 504-565-5626
Map & Directions