{"id":24003,"date":"2021-08-02T06:20:48","date_gmt":"2021-08-02T06:20:48","guid":{"rendered":"https:\/\/studio52.tv\/blog\/?p=24003"},"modified":"2024-04-30T11:44:21","modified_gmt":"2024-04-30T11:44:21","slug":"silence-is-the-sound-of-a-missed-opportunity-ivr-thm","status":"publish","type":"post","link":"https:\/\/studio52.tv\/blog\/silence-is-the-sound-of-a-missed-opportunity-ivr-thm\/","title":{"rendered":"Silence is The Sound of a Missed Opportunity"},"content":{"rendered":"<p><span style=\"font-weight: 400; color: #000000;\">That awful silence while you wait for someone to answer your query when you call your bank is a mood killer! While you wonder whether these people care for you even after you have chosen their bank over several others, the silence at the other end of the phone is disturbing.<\/span><\/p>\n<p><span style=\"font-weight: 400; color: #000000;\">Smart banks realized this pretty soon and started on-hold music as a filler while someone gets ready to answer your query at the other end.<\/span><\/p>\n<p><span style=\"font-weight: 400; color: #000000;\">The telephone on-hold message industry fills in the vacuum or the wait time as the caller waits for an answer to his call. It is a sonic opportunity to hold a caller and it prevents people from hanging up!<\/span><\/p>\n<blockquote><p><span style=\"color: #ff6600;\"><b>A study shows 88% of callers preferred on-hold messages to other hold options and 16-20% made a purchase made on an on-hold offer.\u00a0<\/b><\/span><\/p><\/blockquote>\n<p><span style=\"font-weight: 400; color: #000000;\">Thus investment in telephone on-hold messaging is lucrative as apart from conveying that your callers are engaged and in control, you have the possibility of making that extra sale.<\/span><\/p>\n<p><span style=\"font-weight: 400; color: #000000;\">All it takes is the right script, the right voice, and habitual updates dashed with a little bit of creativity.<\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_72 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Content<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/studio52.tv\/blog\/silence-is-the-sound-of-a-missed-opportunity-ivr-thm\/#The_Phone_is_a_critical_customer_touchpoint\" title=\"The Phone is a critical customer touchpoint\">The Phone is a critical customer touchpoint<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/studio52.tv\/blog\/silence-is-the-sound-of-a-missed-opportunity-ivr-thm\/#Marketing_opportunities_with_On_Hold_Messaging\" title=\"Marketing opportunities with On Hold Messaging\">Marketing opportunities with On Hold Messaging<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/studio52.tv\/blog\/silence-is-the-sound-of-a-missed-opportunity-ivr-thm\/#This_is_also_an_opportunity_to_educate_them_about_the_industry\" title=\"This is also an opportunity to educate them about the industry\">This is also an opportunity to educate them about the industry<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/studio52.tv\/blog\/silence-is-the-sound-of-a-missed-opportunity-ivr-thm\/#Finally_thank_customers_for_their_time\" title=\"Finally, thank customers for their time\">Finally, thank customers for their time<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/studio52.tv\/blog\/silence-is-the-sound-of-a-missed-opportunity-ivr-thm\/#Studio_52_Advantages_for_THM\" title=\"Studio 52 Advantages for THM\">Studio 52 Advantages for THM<\/a><\/li><\/ul><\/nav><\/div>\n<h3><span class=\"ez-toc-section\" id=\"The_Phone_is_a_critical_customer_touchpoint\"><\/span><span style=\"color: #3791cf;\"><b><span style=\"font-size: 14pt;\"> The Phone is a critical customer touchpoint<\/span><\/b><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400; color: #000000;\">At Studio 52, the Company recognizes the value of a great customer experience.<\/span><\/p>\n<p><span style=\"color: #3791cf;\"><strong>For our banking clients, we ensure<\/strong><\/span><\/p>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400; color: #000000;\">We produce professionally recorded greetings for IVR, automated attendants, and after-hours.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400; color: #000000;\">We use Easy On Hold scriptwriters for creating a special \u2018voice\u201d script that is made for listening, not reading<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400; color: #000000;\">We create enthralling music or on-hold voice messages that educates and promotes the Bank.<\/span><\/li>\n<\/ol>\n<h3><span class=\"ez-toc-section\" id=\"Marketing_opportunities_with_On_Hold_Messaging\"><\/span><span style=\"color: #3791cf;\"><b><span style=\"font-size: 14pt;\"> Marketing opportunities with On Hold Messaging<\/span><\/b><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400; color: #000000;\">Carefully scripted conversational on-hold messaging keeps callers engaged, and intensifies brand interest and awareness. Some of the other aspects of sound with THM are:<\/span><\/p>\n<ul>\n<li><span style=\"color: #3791cf;\"><b>We start with a warm greeting<\/b><\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400; color: #000000;\">When customers reach your bank, let them know who they have called and offer a very brief introduction of your organization. Communicating to them the approximate wait time is a best practice as customers appreciate the fact that it is communicated how long they will have to wait before their query is resolved.<\/span><\/p>\n<ul>\n<li><span style=\"color: #3791cf;\"><b>We provide answers to FAQs<\/b><\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400; color: #000000;\">Convey to customers frequently asked questions like account information, banking information, loss of card, theft, damage to ATM card\/credit card, etc.<\/span><\/p>\n<p><span style=\"font-weight: 400; color: #000000;\">Use technology to redirect them according to the nature of the query to a concerned customer care officer of the bank or even to the bank\u2019s website.<\/span><\/p>\n<ul>\n<li><span style=\"color: #3791cf;\"><b>Promote offers and Services<\/b><\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400; color: #000000;\">As a bank, you can promote the latest offers on home loans, personal loans, and premium credit cards to the customer who has called.<\/span><\/p>\n<p><span style=\"font-weight: 400; color: #000000;\">Telephone hold messages are very effectively used by banks and financial institutions for selling their products and services<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"This_is_also_an_opportunity_to_educate_them_about_the_industry\"><\/span><span style=\"color: #3791cf;\"><b><span style=\"font-size: 14pt;\"> This is also an opportunity to educate them about the industry<\/span><\/b><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400; color: #000000;\">You can make your customers aware of the latest banking rules and regulations or even enlighten them about tackling frauds in online transactions.<\/span><\/p>\n<p><span style=\"font-weight: 400; color: #000000;\">You can convey security advice to them that they should never share their card details with anyone who calls them and asks for it as this information is used for cyber theft and crimes.<\/span><\/p>\n<p><span style=\"color: #3791cf;\"><b><span style=\"font-size: 14pt;\"> Ask for reviews and social shares<\/span><\/b><\/span><\/p>\n<p><span style=\"font-weight: 400; color: #000000;\">The customer can also be requested to share his experience of the call, either by rating it or by sharing positive reviews on the bank\u2019s social media account handles.<\/span><\/p>\n<p><span style=\"font-weight: 400; color: #000000;\">This is a great way to create a positive image of the bank as well as enhance relationships with existing customers.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Finally_thank_customers_for_their_time\"><\/span><span style=\"color: #3791cf;\"><b><span style=\"font-size: 14pt;\"> Finally, thank customers for their time<\/span><\/b><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400; color: #000000;\">The customer should be thanked for giving his precious time to the bank and patiently wait for his query to be resolved. He should be greeted properly and conveyed the fact that the bank highly appreciated his feedback and will sincerely try to improve their services according to his observations.<\/span><\/p>\n<p><span style=\"font-weight: 400; color: #000000;\">What started as a mere engaging exercise soon transformed into marketing opportunities. Marketers over the world soon realized that apart from initially preventing customers from hanging up, on-hold messages can be used to communicate what&#8217;s happening with the business.\u00a0<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Studio_52_Advantages_for_THM\"><\/span><span style=\"color: #3791cf;\"><b><span style=\"font-size: 17pt;\"> Studio 52 Advantages for THM<\/span><\/b><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400; color: #000000;\"><a href=\"https:\/\/studio52.tv\/blog\/silence-is-the-sound-of-a-missed-opportunity\/sales-call-script\/\" rel=\"attachment wp-att-24005\"><img decoding=\"async\" class=\"wp-image-24005 alignright\" src=\"https:\/\/studio52.tv\/blog\/wp-content\/uploads\/2021\/08\/sales-call-script.png\" alt=\"THM - Studio52 \" width=\"240\" height=\"130\" srcset=\"https:\/\/studio52.tv\/blog\/wp-content\/uploads\/2021\/08\/sales-call-script.png 2960w, https:\/\/studio52.tv\/blog\/wp-content\/uploads\/2021\/08\/sales-call-script-300x162.png 300w, https:\/\/studio52.tv\/blog\/wp-content\/uploads\/2021\/08\/sales-call-script-1024x554.png 1024w, https:\/\/studio52.tv\/blog\/wp-content\/uploads\/2021\/08\/sales-call-script-768x415.png 768w, https:\/\/studio52.tv\/blog\/wp-content\/uploads\/2021\/08\/sales-call-script-1536x830.png 1536w, https:\/\/studio52.tv\/blog\/wp-content\/uploads\/2021\/08\/sales-call-script-2048x1107.png 2048w\" sizes=\"(max-width: 240px) 100vw, 240px\" \/><\/a>Some of our distinguished banking clients for Telephone Hold Messaging and <strong><span style=\"color: #3791cf;\"><a style=\"color: #3791cf;\" href=\"https:\/\/studio52.tv\/audio\/ivr-recording\" target=\"_blank\" rel=\"noopener\">Interactive Voice Responses<\/a><\/span><\/strong> are Arab Bank, Bank of Sharjah, NBK Bank, and Dubai Bank.<\/span><\/p>\n<p><span style=\"font-weight: 400; color: #000000;\">We have also worked with a wide variety of other companies for on-hold messaging that extends from hospitals, hotels, real estate companies, embassy offices of the Government, and Oil and Gas Companies. The list is of course growing and there are new additions frequently.<\/span><\/p>\n<p><span style=\"font-weight: 400; color: #000000;\">Studio 52 is a premier <strong><span style=\"color: #3791cf;\"><a style=\"color: #3791cf;\" href=\"https:\/\/studio52.tv\" target=\"_blank\" rel=\"noopener\">content production company<\/a><\/span><\/strong> in the Gulf and MENA region and our services extend to not only Audio but also Photography and Video Production.\u00a0<\/span><\/p>\n<p><span style=\"color: #000000;\"><span style=\"font-weight: 400;\">If you want to create a Telephone hold message, visit our website at <strong><span style=\"color: #3791cf;\"><a style=\"color: #3791cf;\" href=\"https:\/\/studio52.tv\/audio\/telephone-hold-message\" target=\"_blank\" rel=\"noopener\">Top Rate THM Service Provider<\/a><\/span><\/strong><\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>That awful silence while you wait for someone to answer your query when you call your bank is a mood killer! While you wonder whether these people care for you even after you have chosen their bank over several others, the silence at the other end of the phone is disturbing. Smart banks realized this&hellip;<\/p>\n","protected":false},"author":1,"featured_media":24004,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1347,1375,1352,1346,1341,1364,1328,1298],"tags":[44,841,145,238,502],"class_list":["post-24003","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banks","category-dubai","category-hospitals","category-hotels","category-oil-and-gas","category-real-estate","category-telephone-on-hold-message","category-video-production","tag-audio-production-dubai","tag-interactive-voice-responses-dubai","tag-ivr","tag-telephone-hold-message-production-company","tag-thm"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Silence is The Sound of a Missed Opportunity<\/title>\n<meta name=\"description\" content=\"Discover the impact of IVR and THM for bank customers in 2021. 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