The Effects An In-Store Audit Has On Staff

Retail Audits

The point of an in-store audit is to identify those aspects of your business that need improvement, so that you can adjust your operations as necessary. Most importantly, your staff members need to be able to accept and implement the positive changes that arise from the results of the audit. The audit itself means little unless it does not result in progress and improvement in your business as a whole and particularly, among your staff. The effects of an in-store audit should ultimately speak for themselves, but there are a few intermediate steps before you will see those results.

The Benefits Of A Store Audit

Why do a store audit in the first place? A store audit gives you a balanced, objective, data-driven assessment of your retail business’s performance. You can then use the data to create meaningful changes in your organisation (where necessary) and bring it in line with your goals and standards. The main benefits of a store audit by Customer Perceptions include: 

  • A partnership-driven approach: We work in partnership with our clients to design audits that are tailored to their specific business needs.
  • Cost-effective solutions: Our auditing software is extremely cost-effective and user-friendly.
  • Flexibility: Our solutions are designed to work with all kinds of retail businesses, towards all kinds of business goals. 
  • Trained auditors: Our panel of field researchers are highly skilled and have plenty of experience in conducting both open and covert audits.
  • Data-driven results: The audit results are data-driven and objective, providing clear, accurate measurements that you can use to assess and improve your business operations. 

Why Are Retail Audits Important?

Retail audits are vital for any retail business’s continued competitiveness and success in a rapidly-changing market. With an expertly conducted in-store audit, you can achieve the following:

  • Improved sales and market share: Using the feedback from your audits, which are provided to you in real time, you can make instant adjustments to your displays and operations, helping you increase your market appeal and sales without delay.
  • Better retail compliance: In-store audits examine retail compliance with placement, pricing and promotional agreements. If your business falls short of these in any way, you can very quickly adjust them to bring them in line.
  • Superior customer experience: Perhaps most crucially, in-store audits scrutinise the level of experience you are offering your customers. Consumers have a world of choices, and they will ultimately choose the one that offers them the most pleasant customer experience. The audit will examine every aspect of the experience you are offering to your customers, from the amount of time it takes to locate products to the courtesy and helpfulness of your staff. 

The Effects Of An In-Store Audit On Staff

In-store audits are intended to provide an objective assessment of your store’s performance. It is not about pointing out faults – especially where your staff is concerned – but is instead concerned with hard data and tangible results, regardless of whether you would describe those results as good or bad. Both favourable and unfavourable results should be communicated to staff openly and fairly. Instead of pinpointing any areas that need improvement and calling them faults, the data should be used to inspire and motivate staff to adjust and improve, as well as provide a clear roadmap to enable them to do so. An audit is a tool for maximising and improving your business’s performance, and your staff are a vital part of that process.

Customer Perceptions are leaders in market research solutions. With 27 years of experience, we have developed bespoke research solutions to help our clients to enhance their customer experience, gain insight into their competitors, increase customer retention, monitor standards and ultimately, increase sales and revenue. We provide in-store audits to help businesses assess their performance as merchants or service providers. If you would like to learn more about our in-store audit services, and see how they can help you assess and improve your business, contact us for more information.

The Top 3 Benefits of Using a Market Research Company

The top 3 benefits of using a market research company

Do you really need to do market research? Not only do you need it – it is essential. No business should underestimate the value of market research. Neglecting to conduct research into your market will affect your bottom line. It may result in too much time, money and effort being spent on misdirected marketing strategies and tactics. There are many reasons why market research should be a regular part of your business operations. The following three outcomes are three of the most important benefits of using a market research company to help you conduct insightful and productive market research. Market research companies use a variety of effective methods to help you assess the needs and preferences of your customers, including market research, in-store audits, competitor analysis, public opinion polls, and customer satisfaction surveys.

Market Research Helps You Identify Opportunities In The Marketplace

You may have a certain product or service planned, but your market research reveals that there is not as much demand for it as you initially thought. Instead of wasting time and money putting this product onto the market, you can use your research to help you either modify it to suit your customer’s preferences, or change tack entirely and market a different product. Without market research, you would not have the insight you need to make this change, which means you could end up losing money by marketing a product your customers don’t want. Market research can also help you to spot opportunities you would otherwise not have been aware of at all. 

Market Research Helps You Minimise Risks

Market research can help you decide whether or not a particular action you have been planning is actually viable. Perhaps you have been planning on launching a new product range or opening up a new store. Your market research can either confirm your belief that these would be good moves, or show you in no uncertain terms that they could be a complete waste. You may find that the new product is not likely to be popular among your customers, or that the area where you propose to open the new store already has too many similar businesses. You can thus avoid investing in unprofitable ventures, and direct your capital in other, more favourable directions.

Market Research Guides Your Communication With Current And Potential Customers.

When you receive the results of the research, you will have a far better understanding of your customers, and you can then formulate the best way to communicate with them. Knowing what they like and don’t like, you can then carefully design targeted communications to prompt them to take action.

Customer Perceptions are leaders in market research solutions. With 27 years of experience, we have developed bespoke research solutions to help our clients to enhance their customer experience, gain insight into their competitors, increase customer retention, monitor standards and ultimately, increase sales and revenue. If your business could benefit from using a market research company, contact us today and talk to us about our services.

The Different Types of Mystery Shopping Explained

mysteryshopping

The use of a mystery shopping program in your business is a fantastic way to evaluate how your company operates, from customer service to employee performance. Also known as secret shopping, mystery shopping is a market research tool used to identify problem areas in your business and improve customer loyalty. 

A professional shopper (usually an independent contractor from a mystery shopping agency) will pretend to be an average customer and evaluate the quality of service they receive. The entire process is done anonymously by trained professionals, so no one will know who the mystery shopper is. Therefore, businesses will be provided with professional, unbiased feedback on whether their strategies are working and any problem areas so they can be rectified. 

In-Person Mystery Shops

In-person mystery shopping is the most common type of mystery shopping service used by businesses. As a part of this service, a mystery shopper will anonymously visit a business pretending to be a regular customer and evaluate the business performance and customer journey following a predetermined set of guidelines. 

With in-person mystery shopping, the goal is to conduct the evaluation without raising suspicion from the staff in order to obtain the most accurate information possible. If the staff aren’t aware that someone is evaluating them, they are more likely to act how they would on a daily basis. The secret shopper will have an all-around experience of the customer journey in your store. The visit can vary in length depending on the type of indicators, mystery shopping purpose, or the type of evaluated sphere. 

In-person mystery shopping is most commonly used by retail stores, the hospitality industry, restaurants, and financial institutions. 

Phone Call Mystery Shops

Next on the list is Phone Call Mystery Shopping. Just as audits of performance and customer experience should be conducted in-store, monitoring the telephonic performance of your employees is just as important. Phone Call Mystery Shopping is especially useful for companies that utilise call centres or where customers can receive service telephonically. 

The mystery shopper will call your company to assess the level of service they receive. During the call, the secret shopper will determine the following points (among others) to determine the performance of your business telephonically: 

  • Is it easy or difficult to contact your business?
  • How long did it take for the phone to be answered?
  • The employee’s greeting.
  • The employee’s competence and product knowledge.
  • The employee’s telephone manner and professionalism.
  • The employee’s willingness to help.
  • Whether the customer’s problem was solved on the call or not. 

Typical telephone mystery shops include everything from completing remote transactions to simply asking for additional information. Phone-based mystery shopping is most commonly used by businesses in the following industries: Hospitality, travel, call centres, communication, consulting, insurance, sales, financial services, communication, and healthcare. 

Website Mystery Shops

A strong online presence is crucial to the success of your business in the digital age. Most people carry their phones everywhere, search for businesses nearby, and look at online reviews that can either make or break your business image. In addition, the evolution of e-commerce and e-business has made mystery shopping just as important for online retailers as it is for on-site establishments. 

Website Mystery Shops, also known as virtual mystery shops or internet mystery shopping, see the secret shopper engage with your business online. The secret shopper will assess how responsive your business is online, whether your website is easy to navigate, your employee’s competencies and product knowledge, and how your employees interact with customers on social media and through the website. 

This type of mystery shopping is most commonly used by businesses in the following sectors: e-commerce, travel, insurance, automotive, real estate, and telecommunications. 

Hybrid Mystery Shops

Also referred to as multiple touchpoints or mixed-type mystery shopping, the hybrid service is typically used by larger businesses that need several mystery shopping evaluations. Using in-person, telephonic, and online mystery shoppers ensures you have accurate information and actionable insights into all aspects of your business. 

Hybrid mystery shopping is a fantastic way to assess the entire customer journey across all spheres of your business to better understand the customer’s overall experience from start to finish. 

The type of mystery shopping that best suits your business is dependent on your industry and business model, but if you need help choosing a mystery shopping service that offers the most benefit for your specific needs, contact Customer Perceptions today.

How Mystery Shopping Can Benefit Your Business

How mystery shopping can benefit your business

From the outside looking in, one may think that the more customers a company has, the higher its profits. However, this is not necessarily the case. Anyone with retail experience will tell you that building a network of loyal, repeat customers is the cornerstone to the success of your business. 

Suppose your customer service, staff performance, or customer experience is not up to par. In that case, customers won’t return to your business, word of mouth will spread, and you will eventually lose income. As a business owner or executive, rectifying any problem areas in how your business is run can only be done after the problems have been identified. This is where mystery shopping programs come in. 

Many businesses, especially in the retail and hospitality industries, aim to identify problem areas in their business performance by using mystery shopping agencies. Mystery shopping is a process whereby an independent person is hired, through an agency, to masquerade as a customer and perform an evaluation of your business to determine customer satisfaction and service quality. The hired mystery shopper will be an anonymous consumer and have no connection to you or any of your staff. This is to ensure that all reports remain unbiased. 

The mystery shoppers will visit your business and rate their experience in an unbiased, professional, and thorough manner. They will complete a detailed report of the entire customer journey to their superiors, who will share the information with you so you will be aware of how customers perceive your company’s service and their experience as a whole. 

Here are some of the benefits of hiring a mystery shopper to evaluate your business: 

Get Valuable Feedback from a Customer’s Perspective

Mystery shoppers are trained professionals, so when they visit your business as a customer, they will take note of every aspect of the customer journey from start to finish. No matter how big or small an issue may be, it will be noted. This is a lot more effective than waiting for reports from your management or waiting until an actual customer brings forward a complaint. 

This attention to detail and knowledge of the retail sector will help your business pinpoint specific areas for improvement that may have been flying under the radar. When you know how your customer experience, satisfaction, and brand perception are seen from a customer’s point of view, you can make the necessary changes to improve customer retention. Not only can this improve your customer loyalty, but the improvement in your business image can attract new customers.  

Gives You Insight Into Staff Performance and Internal Procedures

Even if your employees are fully proficient in the business’s Standard Operating Procedures (SOP), sometimes the top-down approach to company standards and procedures still doesn’t have the desired effect at a store level. Even if your management department provides reports on business operations and staff behaviour, personal biases may hinder their ability to see problem areas (whether intentional or not).

The unbiased perspective of a professional shopper can provide you with actionable insights into your employee integrity and whether your operational procedures are working. Not only will this show you areas where further training or action may be needed, but the mystery shopper can also give you the following valuable insights: 

  • Are your current operational procedures working at a store level?
  • How do your employees handle customer complaints?
  • Are your sales representatives selling actively or passively?
  • Does your staff have relevant product knowledge?
  • Did your team acknowledge the customer when they walked in? (Smiling, greeting, or offering help; Or was the customer ignored?) 
  • Are employees presentable and abiding by the company dress code, if there is one?
  • How do employees act when there isn’t a manager around? 
  • Are legal requirements and professional standards being met?
  • Are your staff members on their cellphones in front of customers? 
  • Suggestions and recommendations for improvement. 

Valuable Research into Your Competitors 

Competitiveness is rife in the retail industry. If you know how your competition performs, what they’re doing, their business values, how they treat their customers, or how their layout works, you can see where you rank in comparison and how to improve. This will provide you with the competitive advantage your store may need to provide better customer service and put your store steps above your competitors. 

Mystery shopping combines qualitative and quantitative market research, using professionals trained to evaluate an experience in a storefront environment. This doesn’t just help businesses like retail stores, but any company that offers some level of customer service. Contact Customer Perceptions today if you are located in Ireland or the UK and want to know more about mystery shopping or other ways you can improve your business performance.