As part of growing your business, SMEs must maximise their relationship with clients. Client relationships serve as an integral function in both business and professional pursuits. Establishing strong and enduring connections with your clients creates an environment of trust, loyalty, and mutual understanding. This environment paves the way for collaboration, growth, and the attainment of our shared goals.
Client feedback isn't just about assessing the quality of services; it's having a direct understanding of what each client truly needs and wants.
This information helps customise your services precisely to fit those unique requirements. When we actively seek feedback, it's a way of showing how much we care about our clients' satisfaction. Trust and loyalty can be built from this kind of commitment. It’s the toolkit for spotting and preventing future problems.
Embracing client feedback is the key to staying ahead of the competition as across the built environment there is evolving change. Nurturing lasting client connections and setting foundations for growth for long-term success should be a crucial part of your business strategy.
There are digital tools to help collect feedback responses from clients who require a digital forum to submit their feedback due to busy schedules. There are digital instances for gathering client feedback and insight including:
View further digital tools and our guide on enhancing your marketing efforts.
It’s also important to work with your client-facing staff who can receive verbal feedback from clients on a regular basis to provide the feedback internally to ensure all types of information are captured and recorded for continuous improvement. There is potential to capture this feedback and feed it into an overall objective with KPIs, for example, how many customers have provided positive feedback about the business but also any feedback with certain staff they have dealt with. This can help promote staff well-being through positive feedback provided by clients. Find out more about upskilling your workforce and providing continuous learning to promote a positive work culture.
All registered RICS firms and RICS professionals must be familiar with and adhere to RICS rules, regulations, and ethical standards. These rules cover areas such as conflict of interest, confidentiality, and integrity. Please familiarise with the standards according to your sector.
You must be able to identify and manage any potential conflicts of interest that may arise in your relationships with clients. You need to disclose any conflicts to your clients and seek their informed consent when necessary. View a case study of client conflict of interest from our professional standards and guidance. ROC Case Study - Conflict of interest
Satisfied clients are more likely to return for future business, gain your services on projects and importantly recommend your services to others. A consistent revenue stream and reduced acquisition costs. Retaining business is imperative but if you are focusing on attracting new clients find out more here.
If you are a professional working in niche and specialised areas of practice can gain credentials to demonstrate to clients, peers, and colleagues. Recognition from clients on your work is imperative in building long term successful relationships with clients.
Setting up your initial agreement with clients
Think carefully about whether your firm can deliver what the client needs. This can prevent you from breaching the RICS Rules of Conduct and undertaking work that will not be able to deliver to the standard.
Gain a thorough understanding of the client and its instruction as well as clear written records are fundamental to successfully achieving the mandatory Client care competency.
Client Money Handling, 1st edition
This professional standard provides clear rules for RICS members and regulated firms to have the appropriate controls and procedures to keep client money safe.
RICS Client Money Protection Scheme
RICS operates a Client Money Protection Scheme (CMPS) in the UK. This scheme provides protection, as a last resort, in instances where an RICS Regulated firm is unable to repay a client's money.