Home > Management > Business Ethics > Building a Business That Customers Can Trust


Helen Hoefele

Guide to Building a Business That Customers Can Trust

How to demonstrate authenticity and trustworthiness in business


Uncommonly
Useful
8.8
out of 10

Add Your Comments
 
 
Email Guide to Building a Business That Customers Can Trust to a friend
Save the Guide to Building a Business That Customers Can Trust to My Work.com Favorites
Print the Guide to Building a Business That Customers Can Trust
link to this page
Save to del.icio.us
digg it!


Do you believe that human nature is generally 'good' or 'evil' by nature?   According to Wikipedia, "naturalists regard these terms as mere labels placed on how well individual behaviour conforms to societal expectations".  In business and in life, what are your expectations?

For argument's sake, let's assume that human nature is basically 'good' based on a philosophical assumption that: "everyone is doing the best they can with the resources they have available."   It's about accepting the person and changing any unresourceful or undesireable behaviors they exhibit.  This is a lot like how a parent will always love their child even if they might not like the (behavioral) choices that child may make.

Adopting this as a personal and/or business philosophy would put us at a totally different starting place, for deciding how to go to business, than other beliefs might, wouldn't you agree?

At the same time, if this doesn't resonate with you (yet), that's fine, too.  People are people and we deal with them every day.  So, let's decide how we want those interactions to be.  

Consider the following....

In a store or salesroom when we hear of a totally amazing offer, I'm sure we've all heard or used the phrase, "Ok, so what's the catch?" 

And, isn't there a saying that goes: "Well if it's too good to be true, then it probably is."   

And, don't people warn us to watch out for "the wolf in sheep's clothes."  (BYT, these phrases all apply to dating, too.)

We all know that there are scammers out there (on both sides of the table), and we've all probably been scammed or know someone that has been.   I'm sure there are even sales people that are sceptical of other sales people as well. 

But that doesn't mean all or even most sales people or business people operate in this way.   The skill is in knowing which are which, and the choice is in deciding at which point of the spectrum you and your business wants to find itself.

Because of some bad choices that both consumers and sellers have made, the well has been tainted somewhat and automatically can put any business person in a defensive position with a sceptical consumer that's well trained by experience to avoid the overly eager salesman or overly appealing sales offer. 

So, the question is:  How can your business build back trust with a consumer that has been jaded by 'unfair or deceptive' business dealings of others.

The best way to start showing people that you, your business, and your products are trustworthy, is to have those values within you (and important to you) to begin with. 

Next you want to choose behaviors and business practices that reflect those values.   No rocket science here.  Set the example that you would like others to follow. That doesn't mean you need to over-compensate either by 'giving away the store'.   Just be honest about who you are and what you are about.  

For example, we all know that a car salesman wants to sell cars, so there is no need to hide that.  Speak honestly about the features and benefits of the car and any known flaws so that the consumer can make an informed decision.  Give recommendations based on your true feelings and experiences not based on what someone tells you to say or what incentives might come into play.  Consumers, whose repeat business and referrals you want, will appreciate and remember that.

Keep in mind that it doesn't matter if you are the business owner,  the sales person, or just an employee or assistant to any of them.   The choice is yours for what you are about and what you stand for.  Ideally your business should encourage good business practices.  If the company you work for doesn't fit your values, move on to one that does.

Some of the latest business trends in social media reflect this desire or opportunity to be more authentic with our customers. Using social media correctly can be a great way to build strong relationships with customers.   Who would think that it's possible to trust someone you never met?  But it is, if it's done correctly.

Here are some tips on how to show your true colors.  Keep in mind, too, that trust isn't instant, it takes time to build.  Be patient in learning this new way of connecting with your future customers.

Action Steps
The best contacts and resources to help you get it done

Know yourself. Decide who you want to be. Be consistent.


Decide what values are most important to you. As one phrase goes, "wear it on your sleeve." Why not hold the same values in your business life as in your personal life and vice versa? Have high standards in all areas of your life.

I recommend: Do we all have to be like characters in literary works with character flaws that make us what we are while also leading us to our demise, kind of like the real life character of Eliot Spitzer, described as both a hero and a villain by some? 

We all make bad choices at times, some worse than others. That doesn't mean we can't learn to make better choices as we strive for higher standards.   Click on this link to check out a quick SRI Coaching video that will introduce you to a simple strategy for how to achieve just that.

Willingly provide full disclosure on factors that may influence you.


Even if you believe that you are being objective, it helps your credibility to call out any potential biases so that people can take that into account when making their decisions. (For example, you have every right to recommend products you like, but if you get a commission in addition then just call that out. Even if nothing unethical is intended, being up front about it will help you avoid raising a consumer's suspicion about something that truly isn't the case.)

I recommend: There is nothing wrong with companies, professionals, or individuals (such as bloggers) having partners, sponsors, or other affiliations.  Sometimes these affiliations can influence or prevent us from fully expressing certain points of view.  Full disclosure is all that is necessary.  For an absolutely thorough example of what a disclosure statement could amount to, check out Malcolm Gladwell's disclosure statement posted to his website. 

Just because you are socially conscious doesn't mean you have established trust, but it's a start.


We all define trust and ethics in different ways, and we all recognize when it's there and when it isn't. Companies need to meet their business goals in order to survive. That doesn't mean 'anything goes' in how you achieve those goals.

I recommend: There appears to be a growing trend with businesses wanting to appear more socially responsible.  Some of the terminology used to describe them include:  social entrepreneurs; not-only-for-profits; social marketing (referring to the more traditional definition, not meaning social media here); Bill Gates' concept of "creative captalism"; and variations on the theme for example "for-profit giving" and greenwashing.  Strive to do both, help others and also conduct business in a responsible way, too.

Target an appropriate market, but choose not to manipulate the message.


Have a clear message. Explain the features of your product or service (what it includes and how it works), but also focus on the benefits (what value they receive from their investment). Use advertising and marketing tactics that explain how your business provides a solution to their problem.

I recommend: Then give the consumer what you told them you would.  Be aware that consumers may get conflicting messages, such as from competitors or lobbyist groups.   Rent of buy the movie "Thank You For Smoking" to see an entertainingly clever portrayal of the life of a lobbyist.  Being able to spin an argument to support any point of view is a much sought after skill, use it appropriately.

It's not dishonest to sell. Relationship building is a just a different strategy. Don't abuse it.


Generally when someone learns to write sales copy, the formula is fairly consistent, mainly because it works. It goes something like this: Catchy headline; Credibility about who you are; Benefits of the Product; Why they must have it; Guarantee; Bonuses; Urgency; Call to Action; and How to Contact You. Whether it's for a website or for a TV infommercial, the format is very familiar. Many people are satisfied with the "As Seen on TV" offers and the widely recognized Billy Mays commercials.

I recommend: If the product is good, the formula works and people are familiar with it.  That doesn't mean abuse can't occur.  For example, even word-of-mouth can be manipulated.  The FTC has guidelines on "unfair and deceptive acts"  and highlights how "deliberate efforts to generate beneficial consumer conversations must be transparent and honestly conducted ".

Enjoy the new landscape of relationship-building through social media outlets.


Social media (e.g., blogging, RSS, Facebook, MySpace, Twitter, etc) is a new way of interacting and communicating between and among consumers and businesses.

I recommend: As the author Rohit Bhargava explains in his new book, *Personality Not Included:  *Why Companies Lose Their Authenticiy -- And How Great Brands Get it Back, there is now a fifth P in marketing.   In addition to product, price, promotion and place, he would now add "personality".  He describes 'personality' as including: social media; word-of-mouth advertising; and interacting more authentically with customers.  Check out his new book to learn how to use 'personality' to differentiate yourself and your business and "build a relationship of trust with your customers".

Word-of-mouth has benefits over traditional advertising and marketing methods.


Some benefits of trust-based selling includes: loyalty; repeat business; referrals; and testimonial endorsements. It's slower, but also cheaper with longer-term value.

I recommend: In the February 2008 issue of the Journal of Marketing Research there is an study entitled, "The Impact of Marketing-Induced Versus Word-of-Mouth Customer Acquisition on Customer Equity Growth".  The study showed that 'marketing induced' customer acquistion is quicker and costlier, while 'word-of-mouth' customer acquistion is slower and cheaper.  More importantly, the former provided short-term value and the latter a long-term value to the firm.

Surround yourself with a peer group of like-minded individuals. And, walk the talk.


In both our personal and our work environments we interact with people that can influence us both in a positive or a negative way. Social circles tend to attract like-minded individuals. Choose to surround yourself with a peer group that reflects and exceeds your values to keep you challenged and hold you accountable. Keep in mind the Anthony Robbins quote: "People's lives are a direct reflection of the expectations of their peer group."

I recommend: If possible, choose social circles and work environments that reflect your values and interests.  Change environments if they are no longer desirable to you.   Attend events, such as the new Powermastery Empowerment Retreats to learn more and meet like-minded people.  Join groups that can help you raise your standards, such as Empowerment Groups (e.g., Mastermind Groups, Powerteams or YES groups).  Participate in online communities or forums run by those groups to ask questions and get answers.  Then walk the talk.  Joining a group isn't enough.  Hold yourself and others accountable to raising their standards.

Tips & Tactics
Helpful advice for making the most of this Guide

  • The best way for consumers to believe in your authenticity and develop trust with you is to communicate regularly, openly, and consistently. Trust takes time, but it's worth the investment which pays itself back in reciprocated loyalty, repeat business, and the power of referrals and endorsement testimonials.
  • Part of communicating includes listening to what the consumer thinks, wants, and needs. Frequently invite feedback and survey your customers. Listen and respond to them.
  • Having high standards for how to go to business doesn't give anyone the right to be disrespectful, arrogant, stubborn, condescending, or inconsiderate of anyone that may have a different model-of-the-world. Remember to accept the person, and encourage them to make more resourceful choices.
  • Be alert for the consumer that may choose to approach you with questionable business practices themselves. Some consumers, culturally, believe in haggling over price. Other consumers feel justified to 'cheat' on coupons or offers or refund policies. Assume the best, have sound policies in place, and respond with a customer service attitude.
  • Read books by influential leaders such as: Wayne Dyer (e.g., "The Power of Intention" and attracting Abundance); Deepak Chopra; Anthony Robbins' "Get The Edge" CD set; Dr Stephen Covey's "The 7 Habits of Highly Effective People"; or "The Secret"; and the "Law of Attraction". You might not agree with everything you read, but you'll definitely pick up on many new ways of thinking and being.
  • While each industry has it's own business code of ethics, why not adopt your own personal business philosophy of what you stand for. For example, all the "Solution Providers" I've listed here, I have personally patronized, I won't advertise a product I haven't tried. In setting your standards remember: "if you don't stand for something you'll fall for anything."

Featured Vendors

Financial Asset Protection
Our consultative risk evaluations will identify and analyze conditions that could result in property damage and/or business interruption.
www.fmglobal.com

Asset Consulting Experts
Take Control of Your Assets: Financial Reporting, Asset Tracking, Compliance Documentation & Business Property Tax Mitigation. Minimize Tax Costs Now!
www.assetmanagementresources.com

Sign up for the What Works for Business weekly e-newsletter!
 Recommended Solution Providers Back to top 

The next Empowerment Retreat is June 14- 15, 2008 with 20 Presenters, Motivators, and Leaders to transform your life and share with you their wisdom, strategies, stories and inspiration of how you can reach new heights in every part of your life. Three hundred positive like minded and empowered participants will attend to connect with in a network to keep you surrounded by momentum, motivation and team support we all need to reach highs and pay it forward to help the many around us.

Synergetic Results assists individuals and organizations in achieving extraordinary results in a matter of hours - not weeks, months, or years. Our personal services are guaranteed to deliver results. Our corporate services are designed to enhance your work environment, provide your team with the latest communication technology that will deliver solid results. Our workshops will strengthen the relationships with your employees, business customers, and yourself.

We promise an exerience that will not only stretch you, but one that will be more fun than you may have ever imagined possible. We don't pretend our partnership will be effortless, but it will be incredibly rewarding. One thing's for sure, your life will never be the same.


 Best Sites to Learn MoreBack to top 

Rohit Bhargava's "Sellevator Pitch for PNI" is: "In the social media era, being faceless no longer works. Personality Matters (and PNI is THE guide to using yours)"

Work.com's Guides on Business Ethics.....be sure to check out the links within the articles and the comments posted.

Business Ethics was founded in 1987, three years before the start of the 1990's "Bull Market" and more than a decade before the turn-of-the-century financial scandals at companies such as Enron, WorldCom and Adelphia. In the years since its founding, Business Ethics has become a focal point for reporting, analysis and information in the field of corporate responsibility.

Marketing that puts people first.

Help create a moral code of business ethics based on honesty, integrity, and quality.


  Best Blogs and Forums Back to top 

The blog for the weekly ethics column by Jeffrey L. Seglin from The New York Times Syndicate.

A great example of an authentic online voice is Jim Kukral in his "The Daily Flip" video blog posts. In his own words: "What I really love to do is help businesses find success online! "

Mari Smith is another great resource on how to use social networks to build relationships, personal branding and showing up as your authentic self. Read her blog for more great advice.

The blog by Shel Horowitz of 'Principled Profit' and the 'Business Ethics Pledge'.


  CommentsBack to top 

Loading Comments...


Add Your Comments


Email Guide to Building a Business That Customers Can Trust to a friend
Save the Guide to Building a Business That Customers Can Trust to My Work.com Favorites
Print the Guide to Building a Business That Customers Can Trust
link to this page
Save to del.icio.us
digg it!


Is any content on this page inappropriate? To let us know, please click here.








© 2010 Work.com, Inc. All Rights Reserved. Work.com is a property of Business.com.
Help | About Us | Site Map | Terms of Use | Privacy Policy | Community Policy | Taskonomy | Advertise | Contact Us | Local Business Directory | Work.com Feed