Welcome to This Week In Reviews, a weekly digest of the most important stories about online reviews, customer feedback, and customer experience. This week: Business insurance company Hiscox innovates the customer experience.
Fear doesn’t last as a tool for motivation.
That’s according to Russell Findlay, CMO of business insurance company Hiscox.
In an interview with customer experience futurist Blake Morgan, Findlay said, “Selling people stuff because you’ve scared them into doing so just doesn’t work as well as motivating small businesses and encouraging them to be courageous. We’d rather celebrate the positive power of risk-taking versus the negative power.”
He went on to say, “When I was a kid, my father told me ‘fear is a short-term motivator and you’ll experience this your entire life.'”
Insurance companies, in particular, are known for using fear-based marketing, but Hiscox approaches marketing and engagement in a positive way.
Findlay does something else that’s positive: He hires his customers to teach the company about new business opportunities or markets.
See also: “Building Consumer Trust in Finance and Insurance“
A positive approach to marketing and customer experience can be applied to any type of company, in any vertical. In healthcare, for example, if the entire patient experience is more positive, then patients are more likely to become proactive, take control of their health, and willingly share patient feedback to their providers.
Interested in developing a strategy for improving customer experience in your organization? Check out these useful guides:
- 10 Customer Experience Quotes to Inspire Your Entire Organization
- 5 Simple Steps to Improve Customer Experience
- Customer Experience Survey: What Beginners Need to Know
- Customer Experience Conferences and Events to Attend This 2017