The Winning Bet Every Business Should Make

Shep Hyken
the winning bet every business
the winning bet every business

You don’t have to gamble to hit it big in customer experience. While some business leaders chase risky strategies hoping for overnight success, I’ve found there’s a much more reliable way to win.

At horse races, bettors can place what’s called a trifecta bet – correctly predicting which horses will finish first, second, and third in exact order. The payout is substantial because despite being simple to understand, it’s extremely difficult to win. But in business, there’s a bet you can always win: taking care of your customers.

When you prioritize customer care, you hit your own business trifecta with three powerful outcomes:

  • Customers come back – creating a stable revenue base
  • Returning customers spend more with each visit
  • Loyal customers recommend you to others, becoming your best marketers

This third point is particularly valuable. Think about it – when customers do your advertising for you through recommendations and positive reviews, you’re getting the most credible marketing possible without additional cost.

What Does “Taking Care of Customers” Really Mean?

I define taking care of customers simply: consistently delivering what they expect in a way that’s easy, respectful, and reliable every time they interact with you.

This definition contains several critical elements that many businesses miss. First is consistency – customers don’t want a great experience sometimes and a poor one other times. They want to know what to expect when they choose your business.

The second element is meeting expectations. Your customers have a mental image of what your product or service should deliver. Your job isn’t necessarily to exceed those expectations with bells and whistles, but to reliably meet them.

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Finally, the experience must be easy, respectful, and reliable. These three qualities form the foundation of customer satisfaction:

  • Easy – Don’t make customers work hard to do business with you
  • Respectful – Treat customers with courtesy and appreciation
  • Reliable – Do what you say you’ll do, when you say you’ll do it

The Compounding Returns of Customer Care

What makes this strategy so powerful is how these benefits compound over time. When customers return, they don’t just make repeat purchases – they typically spend more with each visit as their trust in your business grows. They also become more efficient customers who require less support and are more forgiving when minor issues arise.

Meanwhile, their recommendations bring in new customers who arrive with positive expectations and trust. This creates a growth cycle that builds on itself without requiring massive marketing budgets.

Unlike the racetrack trifecta that requires luck and perfect prediction, this business trifecta is completely within your control. It simply requires commitment to customer care fundamentals.

Making the Right Bet

Too many businesses place their bets on flashy marketing campaigns, aggressive discounting, or chasing new customers while neglecting existing ones. These approaches might create short-term spikes in business but rarely build sustainable growth.

I’ve worked with companies across industries, and the pattern is clear: those who consistently deliver on customer expectations in an easy, respectful, and reliable way outperform their competitors over time.

So place your bet on customer care. It may not deliver overnight riches, but it will create the kind of sustainable success that builds great businesses. And unlike that racetrack trifecta, it’s a bet you’re guaranteed to win.

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Shep Hyken has been at the forefront of the CS/CX Revolution for decades. His experience runs the gamut from helping notable companies like Disney and FedEx to improve their already outstanding customer service, to helping small and mid-sized organizations transform poor customer experience into a highlight of the organization. https://hyken.com/