Working with refunds: strategies and best practices
In the modern world, every clothing brand is faced with the return of goods. For this reason, it is important for a business owner to have a clear and effective return strategy in order to ensure customer satisfaction, preserve the company's reputation and minimize losses. In this article, we will look at the key strategies and best practices for working with refunds.
Customers refuse purchases for various reasons, it is impossible to identify any single reason, eliminating which, you will dramatically reduce the percentage of rejection of the product. According to various sources, the cost of return ranges from 17 to 30% of the cost of the goods.
The main reasons for the refund:
— Mismatch of size and fit
One of the main reasons for returning clothes is a mismatch in size or an incorrect fit. Buyers may encounter a problem when the size of the product does not match what is stated on the label or does not sit as desired. An excellent way to reduce the number of returns is to provide a size chart, photos of products on models of different sizes and the ability to leave feedback about the landing. So, you will be able to reduce the number of failures several times.
— Differences in color or design
Quite often, customers may return an item due to differences in color or design compared to the image on the website or in the store. To reduce refunds, it is necessary to provide high-quality photos and detailed product descriptions, as well as the ability to enlarge the image for a more detailed examination.
— Non-compliance with expectations
It is not uncommon for customers to return clothes because they do not match their style or silhouette preferences. The reality does not meet their expectations. To reduce returns, many domestic and foreign brands create personalized recommendations, collections of products by style or the possibility of personal stylist consultations on the catalog pages.
— Changes of decision or intentions
Sometimes buyers may return an item due to a change in their decision or intentions after purchase. To reduce such refunds, brands may offer flexible refund terms, loyalty programs, or the ability to exchange an item for another.
But how is it worth working with refunds?
1) Transparent refund policy
One of the main aspects of successful work with refunds is the availability of a clear and transparent refund policy. It should be easy and simple for customers to understand the terms of the return of goods, deadlines and procedures. The more simply and clearly the return rules are described, the less dissatisfaction buyers have.
2) Convenient ways to return
Providing convenient ways to return goods is another key point. This may be an opportunity to return the product in the store, through the postal service or courier. The more options are offered to customers, the easier it will be for them to make a refund.
3) Data monitoring and analysis
To optimize the work with refunds, it is necessary to constantly monitor the data on refunds. Analyze the reasons for refunds, identify the most common problems and work on their elimination. This will help reduce the number of refunds in the future.