Recently I decided that I no longer wanted to pay for a service that I felt was overpriced and I also under utilized. When I called the business to end my contract with them they asked “Would you be willing to stay if we could give you a lower price option?”
Now, this might have been a welcome offer, but instead I found myself getting angry. This business tracks usage so I know that they knew I was under utilizing their product. They also knew that they could serve me more affordably with a different package. In my mind they were taking advantage of my not knowing all the options that were available to me. I didn’t take their offer. I stopped doing business with them totally and I will not go back. Perhaps it makes good “business sense” if you remember that they made a lot of money off me for five years. But whatever “extra” they made off of my ignorance, they lost my business in the future and maybe more importantly my good will.
Compare this to Sprint. I have a Sprint Card that I only use sporadically. It too was expensive. I was thinking do I even need this anymore? But before I cancelled I got a card from them that explained that I might be eligible for a lower rate. As it turns out it was about 1/3 the cost. I felt that Sprint was looking out for my best interest. I jumped at the lower rate.
Interestingly enough, I still barely use it, but I feel so loyal to Sprint that I will keep it. I felt that Sprint was being loyal to me and I wanted to return the favor.
Could you be saving your customer money? If so, do you let them know about it? Let me be clear I don’t mean the “We can save you money if you buy or phone service along with our cable internet and tv.” I mean I looked at your account and I see ways that I can save you money.
Think of it this way:
When you save your customer money you often save your customer.