Monday, December 7, 2009

Top Gripes

A recent Consumer Reports article on what bugs America most, reveals that Hidden fees and Not getting a human on the phone are the top gripes today. The survey of 1,125 Americans, asked respondents to score gripes on a 1 to 10 scale, 1 meaning "does not annoy you at all", and 10 meaning "it annoys you tremendously".

Hidden fees scored an average of 8.9, and Not getting a human on the phone 8.6.
In other words, both really tick people off.

Yet, on any given day, we can call a community (or company, suppliers this is for you too), and get a long winded answering machine that is anything but human, then be presented with things like "non refundable lease processing fees" that really don't clearly explain what exactly they pay for.

In my consulting practice, I see professionals spinning their wheels and lamenting over lack of traffic, yet disregarding easy fixes right in front of them.

Utilize a service like Level One as backup to ensure calls do not got to voice mail - that a live human always answers the phone.

Simplify your fees. Consider what it's worth - in an economy such as ours we can't afford the perception we are gouging the client. When people are worried about every penny, they will not overlook the "fees" and will assume you are trying to take advantage of them. There is a general distrust of business today. Don't affirm it. Find another way. Either incorporate it into the rent or, if vacancy warrants, stop charging the fee - don't waive it, as it is still, to the consumer, a "shady" fee.

Get back to the basics. Are clients easily able to reach you? Are you fair in your practices? Can you logically explain all your fees and specifically why you charge them?

Then ask your residents a really tough question: "What really annoys you about doing business with us?" You might find it's an easy fix. Or, maybe not. Either way, you need to know.

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