People are not taking government economic surveys; businesses have the same problem

People are not taking government economic surveys; businesses have the same problem

Businesses need to take a more considered, deliberate and cohesive approach to obtaining feedback; don’t allow a machine to get between your business and the customer

Every now and then, the Federal Reserve will send me a survey. The last time I heard from the Fed, it was asking me about credit conditions for small businesses.

I didn’t answer it.

In the 10 years or so since hanging out a shingle, I’ve received many surveys from the Fed, but I don’t think I’ve ever completed even one. I may have looked at the first one or two, but I quickly realized it was long, complicated and time-intensive. I also discounted the impact my solo enterprise would make in the grand scheme of the $30+ trillion U.S. economy.

I’m not alone. And this is affecting more than just Fed surveys.

The Wall Street Journal recently reported that an increasingly unresponsive public is taking fewer government surveys – and that’s undermining the data quality. Among the causes cited in the article were survey fatigue, distrust and apathy – that nothing will change as a result of providing such feedback.

Those issues are adversely affecting response rates:

“The share of survey participants who respond in time for the jobs report each month has fallen from an average of 74% from 2010-19 to 57% in August. Many respond by the second or third month, leading to large and growing revisions.”

This isn’t just a problem for government; it’s a problem for business too. I’ve conducted many surveys for clients and employers over the years, and getting responses is by far the biggest problem.

For business, it often boils down to a choice of soliciting feedback or sending another lead generation (leadgen) email. Leadgen usually wins, which means the business forgoes feedback or relegates it to some level of automation.

The deluge of (useless) feedback solicitations is real

The public, including B2B customers, is deluged with solicitations. A single online purchase is rewarded with a deluge of notifications:

  • Sales confirmation email;
  • Shipping email;
  • Welcome email;
  • Onboarding email;
  • Join our loyalty program email;
  • Donate to our cause email; and
  • NPS emails.

Of course, unsubscribing from these unsolicited messages is a difficult feat. And then remarketing ads start following you around the web.

These are commonly sent from “no-reply” email accounts. With a nod to the idea that the medium is the message, I believe no-reply emails are a behavioral indication that businesses aren’t really interested in feedback.

Of course, it doesn’t stop there. If you subscribed to a SaaS product, you are further inundated with in-app solicitations. You get barraged with upselling pitches for additional features and events. There’s rarely a way to turn them off, or if there is, it’s temporary.

Still want that neural implant? How about a survey on neural implants?

When you need help, it’s nowhere to be found

Conversely, when you need customer service, contact information is hard to find. It’s buried under a litany of common help desk articles that don’t answer your question. When you are finally at your wits’ end and call the support line for help, you are routed through a time-wasting phone maze.

Then, while you wait, a synthetic voice tells you that your feedback is important, but the impersonal and repetitive nature says the opposite. When you finally get a human on the phone, rather than being incentivized to solve the problem, they are incentivized to close the ticket as fast as possible.

When the ticket does close, the company sends a customer experience survey that narrowly surveys the interactions with the customer support representative (CSR), when really, you are satisfied with the entire experience.

I don’t typically answer these surveys as I worry the company will take it out on the CSR, when the reality is, they were the final stop on a long and frustrating journey.

More importantly, this desensitizes customers to the quality of the interaction they can expect to have with a company. It’s not just your company – it’s many of them, all at the same time – and over time, customers become less and less inclined to respond to feedback solicitations.

The meme goes like this: “You treated me like a costly inconvenience when I needed help using your product, and now you want my feedback to help you grow? You missed your chance, and now I’ve got better things to do.”

Data shows what’s happening but not why

These experiences are fostering societal apathy toward feedback. Factor in the gluttony of spam emails, texts, robocalls and useless social media alerts suggesting you follow that kid from high school you hoped you’d never think about again, and the torrent is overwhelming.

None of these addresses privacy concerns – the U.S. desperately needs a national data privacy law – or the flood of scams and phishing that are enabled by artificial intelligence (AI), and it’s getting worse by the day.  By the time a business decides to collect real feedback from customers and prospects, they are beyond fatigued.

The result? Silence.

This is a big problem for businesses because they have no idea what customers are thinking. If you don’t know what people are thinking, you can’t plan ahead, you can only react, and that reaction is liable to be based on incomplete information.

If you don’t know what people are thinking, you can’t plan ahead, you can only react, and that reaction is liable to be based on incomplete information.

That’s a blind spot that can leave a business vulnerable. Take customer churn, for example, which is one of the biggest problems in SaaS today. A solid article in Martech points out that spreadsheets might tell you that churn is rising, but it doesn’t tell you why.

The only way to get that answer is to ask customers – and customers are increasingly disinclined to provide it.

Business needs to be more deliberate about collecting feedback

Digital tools and automation have made it easy to solicit feedback, so the volume of solicitation has grown. As in economics, the excess supply of feedback solicitations has chipped away at its value. It’s made the act of collecting feedback a routine, rote, low-level activity. Over time, customers and prospects have caught that vibe too, and this is where we landed.

The fix is for businesses to become more deliberate in collecting feedback and making sense of it. Below are some strategic and tactical recommendations.

Strategic suggestions:

  • Put a person or team in charge and empower them to collect and represent the voice of the customer;
  • Audit the ways your business collects feedback and analyze what they do with it;
  • Treat every customer interaction as a two-way channel to collect feedback;
  • Set feedback goals and develop a synchronized plan for feedback collection;
  • Ensure the feedback process is comprehensive, obtaining perspectives on the brand, company, leadership, products, support and the overall market;
  • Develop a unified approach to feedback so customers aren’t being hit separately by marketing, product and customer support;
  • Ensure qualitative feedback is included so you understand the cause of a rating;
  • Take time to demonstrate to customers and prospects how your business uses their feedback to make substantive changes for the better; and
  • Periodically evaluate the entire feedback collection process to assess its value, new questions or make improvements.

Tactical suggestions:

  • Use a variety of feedback techniques – digital and in-person – and qualitative and quantitative;
  • Commission every employee as a sensor and offer an easy way for them to centrally share the signals they recieve;
  • Look for ways to tag feedback onto existing programs – trade shows, customer conferences, webinars, newsletters, etc.
  • Respond to customers who raise issues – nobody wants to share feedback in a void; and they won’t do it again;
  • Question the viability of automating everything; and

Don’t let a machine manage relationships

Technology provides many viable benefits that can accelerate, scale, and streamline a variety of business processes, including feedback. It’s fine to use them to assist with collecting feedback but businesses should be wary of overreliance. Yet technology cannot pick up on nuance or social cues – AI cannot read a room.

Overreliance risks diluting feedback and, as they say, garbage equals garbage out. So, don’t allow a machine to get between your business and the customer. Put real people on the task of collecting real feedback.

Subscribe by email for free:
Check out my weekly blog postsweekly podcasts, or a monthly newsletter via Substack that rounds up interesting reading from the last 30 days (examples).

If you enjoyed this post, you might also like:
Pair of surveys show why B2B tech needs to work on their customer marketing efforts

Read More

Leave a Reply

Your email address will not be published. Required fields are marked *