Build a Super-brand by Managing Touch Points
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Have you considered how many ways your brand touches your audience? If you only knew, you might find it shocking as most brands have little idea. These touch points should be identified, prioritized and assessed individually to determine how well each is aligned with your expectations and the promise of your brand.
Let’s start with a definition. Brand touch points are simply all of the different ways that your brand interacts with, and makes an impression on, customers, employees and other stakeholders. For example, your receptionist is an obvious one.
If you're a retail mortgage lender, it's important that your receptionist presents in a positive, proactive and knowledgeable manner. The way the receptionist answers the phone, communicates with a prospective borrower and directs their call to the right person is critical. That borrower will form an immediate good or bad first impression about your company, quality of service, knowledge level and ultimately even your ability to fulfill the processing function in a timely and accurate manner. Imagine this...if the receptionist answers the phone and directs a potential borrower to the wrong party, keeps them on hold for a ridiculous length of time, sounds short or confused...that borrower, rightly or wrongly, may feel that your company and processes are disorganized and you lack attention to detail. In this instance, your receptionist, as an initial touch point, has failed. But, is it necessarily his/her fault? Maybe they were never properly trained. Maybe they're working with an outdated phone system. Maybe they're performing too many additional job functions that shouldn't be in his/her court to begin with. My point is this...the receptionist may be the direct point of customer contact, but the indirect point of customer contact is his/her manager, the managers' manager and even the technology.
Here are 4 steps to building a super-brand by managing touch points:
1) Determine all customer touch points. Every step in your business process has a set of touch points that need to be acknowledged when your customer comes in contact with your brand. The goal is to make sure all touch points are aligned with your brand promise. The way to identify them is to simply walk through each step of your business process and determine where these touch points occur. For example, how do you generate demand for your loan products, technology or service? Once the demand is generated, how do you connect with them and guide them towards the decision of doing business with you? What about after the sale is made and the transaction closed?This comprehensive “walk-through” allows you to map out each point of contact. Here are four touch point categories you should focus on…
- Pre-purchase: these include all touch points you as a brand leverage that influence a prospect to consider working with your company. Typical brand touch points here would be advertising, direct mail, website, social media.
- Purchase: these include all touch points that drive a prospect from considering your brand to making the actual decision to do business with you. Some purchase touch points include sales people/loan originators, brick and mortar presence, contact by anyone else at your company that assists the sales process.
- Post-purchase: these are all of the touch points leveraged after the sale that reinforce the purchase decision. Typical ones include contact with customer service representatives, customer satisfaction surveys, statements, newsletters, etc.
- Influencing: these are any touch points that indirectly leave an impression on customers and can potentially drive business to or away from your brand. These touch points encircle the other three categories of touch points. Typical influencing touch points include sponsoring of events, referrals, company reviews, current and past customers, community involvement.
equal. Some are high-impact while others are considered
low-impact. For example, one of many high-impact touch points occurs when a loan
officer, for example, makes an initial contact with someone from whom they would
like to obtain referrals. Another one is when a prospect lands on your website.
Lower-impact touch points would be a statement received in the mail or a coffee
cup with the name of your company on it. What’s important is that they are all
recognized so they can be assessed for importance on an individual basis and
then managed appropriately. Don't forget about the less obvious touch points as
pointed out in the receptionist example above.3) Develop the experience for your customers. Once you’ve accomplished steps 1 and 2, the next step is to develop the experience with your brand that’s optimal for your customers, vendors, stakeholders...anyone that comes in contact with your brand.
Here’s how….
Determine how you wish to express/communicate/convey your brand at each and every touch point and then assess how well each touch point meets the promise of your brand. For example, how can you reinforce “a consultative approach,” if that’s your brand promise, in both your marketing campaigns and through your sales people or mortgage loan originators? How about through your receptionist (in asking the right questions to direct a call to the right department) as well as through your website? Does each touch point have the tools to be able to deliver "a consultative approach?"
4) Align your company and all of its touch points so that you can consistently deliver the optimal experience. Employing a holistic approach to delivering the optimal experience is essential to your success. So, you’ll need to identify the people and processes that drive each of the touch points you’ve identified, inclusive of the indirect touch points which requires you to think and look beyond the obvious. As in my example with the receptionist, the receptionist is the obvious touch point whereas the not-so-obvious would be the manager or the technology the receptionist uses. By looking beyond the obvious you can see how important the indirect items are to fulfilling your brand promise.
Now, determine which activities are not in alignment with the customer experience you’re striving for and then determine what needs to happen in order to bring everything into alignment with your brand promise. Set timelines and appoint the right people to drive the necessary changes.
By going through this process, you will be far ahead of many companies in the mortgage industry, consumer-facing or business-facing, who have never stopped to consider how many ways their brands really touch their audience(s). This is a fun, enlightening process guaranteed
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