SlideShare una empresa de Scribd logo
1 de 22
Descargar para leer sin conexión
You Had Me At Hello
Gaining, growing and maintaining customer loyalty in
the world of personalization and social technology
Becky Johns
Vice President, Head of Retail &
Consumer Solutions
rjohns@market-bridge.com
©2012 MarketBridge Corp.– 2 –
2
RevenueEngines™
Digital Engagement Programs
S.M.A.R.T.™
Predictive Analytics Solution
Digital programs and tools to increase lead volume,
quality, and conversion-to-revenues while enabling
sales channels to engage customers
Sales and Marketing Analytics, Reporting and
Technology to optimize campaign yield, lead-to-
revenue conversion by prioritizing opportunities and
personalizing interactions
World-Class Clients
Building Customer Loyalty
For more than 20 years, MarketBridge has
been delivering technology-enabled solutions
for Fortune 1000 clients combining digital
customer engagement and predictive analytics
solutions to connect marketing and sales and
improve Sales Associate productivity and
Marketing effectiveness. Our expertise in the
complete omni-channel marketing arena
means that our services are strategically
designed to drive traffic, focus clienteling
efforts, increase customer loyalty and
ultimately grow revenue.
MARKETBRIDGE OVERVIEW
Our
Experience
©2014 MarketBridge Corp.– 3 –
Retail Has Reached Its Next Great Inflection Point
Three paradigm shifts will drive the future of Retail…
CONSULTATIVE
“Find the right
product for me”
SCALED
“Everything I want at
prices I can afford”
PERSONALIZED &
EXPERIENCIAL
“Find me the best
price, incorporate my
favorite brands and
make it social”
“Everything I want at
the click of a mouse”
TRANSACTIONAL
1950’s Today
©2014 MarketBridge Corp.– 4 –
END
Agenda
Retail’s New Inflection Point
Be Relevant at Every Interaction
The Problem
The Solution
Real Life Examples
Connect with Their Interests
The Problem
The Solution
Real Life Examples
Democratize the Customer Experience
The Problem
The Solution
Real Life Examples
Parting Tips & Q/A
©2014 MarketBridge Corp.– 5 –
Consume sources of information
Your Customer is More Informed & Connected than Ever
12
6
of Customers are using their mobile
phones to Guide In-Store purchases.50%Oh, and…
Conduct online searches
&
On average Customers …
…prior to making a purchase
Site: Google Shopper Research 2014
©2014 MarketBridge Corp.– 6 –
Your Customer’s Experience Transcends Online vs. Offline
TRILLION
OF OFFLINE
RETAIL SPEND
IS INFLUENCED
BY ONLINE
EXPERIENCES
Site: Google Shopper Research 2014
©2014 MarketBridge Corp.– 7 –
EXPECTATIONS
TIME
Your Customer’s Expectations are Increasing
©2014 MarketBridge Corp.– 8 –
END
Agenda
Retail’s New Inflection Point
Be Relevant at Every Interaction
The Problem
The Solution
Real Life Examples
©2014 MarketBridge Corp.– 9 –
!
IT’S THE YEAR 2014… AND YET...
Be Relevant At Every Interaction
The Problem: We are wasteful in who we interact with and how we
interact with them.
©2014 MarketBridge Corp.– 10 –

Be Relevant At Every Interaction
The Solution: Use the power of your data to target customers at the most
granular segments that matter.
ATTITUDINAL DIMENSIONS
• Conducted quantitative survey with over 1,500 top
customers and focus groups with key target segments
PERSONA-BASED
MESSAGING
• Developed value proposition and messaging
concepts informed by the results from the quantitative
research
• Tested and validated the value proposition with
identified segments
ENGAGEMENT
MATERIAL
• Deployed segmentation across client databases,
applying advanced predictive modeling
• 2% annual revenue lift from deploying
segmentation strategy
• Initial results showed 167% increase in leads when
using tailored segmentation messaging
Results:
©2014 MarketBridge Corp.– 11 –

Be Relevant At Every Interaction
The Solution: Focus on solving for pain points at the point of
engagement.
15 MILLION DOWNLOADS! #1 CONSUMER APP
©2014 MarketBridge Corp.– 12 –
END
Agenda
Retail’s New Inflection Point
Be Relevant at Every Interaction
The Problem
The Solution
Real Life Examples
Connect with Their Interests
The Problem
The Solution
Real Life Examples
©2014 MarketBridge Corp.– 13 –
Connect With Their Interests
OF SHOPPERS SAY
THAT PERSONALIZED
EXPERIENCES
WOULD INFLUENCE
THEIR PURCHASING
DECISIONS
86%
!
The Problem: We are so focused on the sale, we forget about
who our shopper is.
.
Site: Infosys 2014 shopper Survey
©2014 MarketBridge Corp.– 14 –

Connect With Their Interests
The Solution: Understand what your customers are interested in and
connect them to what inspires them.
• Build complete digital customer profile
among current and future customers
• Identify and recruit leads (700,000) and
provide to Sales Associates
• Encourage brand affinity & decrease cost
of acquisition ($10 down to $4)
• Increase the likelihood of conversion (4x)
for existing leads
• Nurture relationships of current customers
for cross-sell & usage opportunities and
customer retention
• Name
• Email
• Age
• Gender
• Address/Geography
• Impressions
• Traffic Sources
• Pageviews
• Visits & Unique Visitors
• Repeat Visits
• Visit Duration
• Bounce Rate
• Device Usage
• Browser Usage
• Click Paths
• Email Opens
• Email Clicks
• Email Client Usage
• Cost per Lead
• Comments
• Shares
• Outbound Clicks
• Appendable Information
(e.g., Lifestyle, Income)
©2014 MarketBridge Corp.– 15 –

Connect With Their Interests
The Solution: Understand what your customers are interested in and
connect them to it.
@GrownandFlown did you check
out the @Discover ROI tool. What
do you think? Ow.ly/y8Hde
#CollegeCash
©2014 MarketBridge Corp.– 16 –
END
Agenda
Retail’s New Inflection Point
Be Relevant at Every Interaction
The Problem
The Solution
Real Life Examples
Connect with Their Interests
The Problem
The Solution
Real Life Examples
Democratize the Customer Experience
The Problem
The Solution
Real Life Examples
©2014 MarketBridge Corp.– 17 –
!
Democratize the Customer Experience
The Problem: We continue to dictate the terms of how our customers
shop with us - when we know it should be the reverse.
OF SHOPPERS SAY
IT’S IMPORTANT FOR
RETAILERS TO LET
THEM SHOP IN THE
WAY THEY WANT
Yet Only…
Percentage of Shoppers that expect
consistency in pricing Online vs. In-Store
75%
Percentage of Retailers that offer the
same pricing Online and In-store
16%
Site: Accenture Seamless Retail Study
©2014 MarketBridge Corp.– 18 –

Democratize the Customer Experience
The Solution: Allow your shoppers to shop everywhere in a
seamless manner.
Site: Wharton School of Business Case Study
©2014 MarketBridge Corp.– 19 –

Democratize the Customer Experience
The Solution: Empower your Sales Associates to build loyalty &
delight customers.
TRAININGGAMES
ONLINE TOOLS
FLOOR MODULES
• Build loyalty-focused training path to help
Associates increase knowledge (3X) of
the loyalty program
• Increase Associate productivity (26%
increase) by keeping them on the floor
during most training, through “floor modules”
• Lift penetration from shoppers using their
private label credit cards within the Stores
• Reduce the amount of interchange paid
by enabling more customers to use the
Store’s private label credit card
©2014 MarketBridge Corp.– 20 –
END
Agenda
Retail’s New Inflection Point
Be Relevant at Every Interaction
The Problem
The Solution
Real Life Examples
Connect with Their Interests
The Problem
The Solution
Real Life Examples
Democratize the Customer Experience
The Problem
The Solution
Real Life Examples
Parting Tips & Q/A
©2014 MarketBridge Corp.– 21 –
Parting Tips
©2014 MarketBridge Corp.– 22 –
WEBSITE
MarketBridge
Website
OUR COMMUNITY CHECK OUT
www.market-bridge.com www.digital-bridge.com
BLOG:
“Building the Pond:
Taking the Long-View in
Customer Engagement”
WEBINAR:
“Not your Mama’s Sales
Tools: The Next
Generation of Sales
Enablement”
You Might Also
Like
Becky Johns
Vice President, Head of Retail &
Consumer Solutions
rjohns@market-bridge.com
Thank You and Q&A

Más contenido relacionado

La actualidad más candente

DESINGING MARKETING PROGRAMS
DESINGING MARKETING PROGRAMSDESINGING MARKETING PROGRAMS
DESINGING MARKETING PROGRAMS
YIGIT ACIKAY
 
Loyalty Program Management System for Retail
Loyalty Program Management System for RetailLoyalty Program Management System for Retail
Loyalty Program Management System for Retail
ScienceSoft
 
How to Create and Maintain a Successful Loyalty Program Part A
How to Create and Maintain a Successful Loyalty Program Part AHow to Create and Maintain a Successful Loyalty Program Part A
How to Create and Maintain a Successful Loyalty Program Part A
Vivastream
 
Customer Retention Strategy
Customer Retention StrategyCustomer Retention Strategy
Customer Retention Strategy
Avinash Kumar
 

La actualidad más candente (20)

Mobile Loyalty Programs
Mobile Loyalty ProgramsMobile Loyalty Programs
Mobile Loyalty Programs
 
Gamification Benefits to Rewards/Loyalty Programs
Gamification Benefits to Rewards/Loyalty ProgramsGamification Benefits to Rewards/Loyalty Programs
Gamification Benefits to Rewards/Loyalty Programs
 
Customer Loyalty Measurement Program
Customer Loyalty Measurement ProgramCustomer Loyalty Measurement Program
Customer Loyalty Measurement Program
 
Chapter 3 (brand positioning)
Chapter 3 (brand positioning)Chapter 3 (brand positioning)
Chapter 3 (brand positioning)
 
DESINGING MARKETING PROGRAMS
DESINGING MARKETING PROGRAMSDESINGING MARKETING PROGRAMS
DESINGING MARKETING PROGRAMS
 
Chapter 2 (customer based brand equity)
Chapter 2 (customer based brand equity)Chapter 2 (customer based brand equity)
Chapter 2 (customer based brand equity)
 
Customer loyalty dimensions
Customer loyalty dimensionsCustomer loyalty dimensions
Customer loyalty dimensions
 
Loyalty Program Management System for Retail
Loyalty Program Management System for RetailLoyalty Program Management System for Retail
Loyalty Program Management System for Retail
 
How to launch a customer loyalty program that boosts your bottom line
How to launch a customer loyalty program that boosts your bottom lineHow to launch a customer loyalty program that boosts your bottom line
How to launch a customer loyalty program that boosts your bottom line
 
How to Create and Maintain a Successful Loyalty Program Part A
How to Create and Maintain a Successful Loyalty Program Part AHow to Create and Maintain a Successful Loyalty Program Part A
How to Create and Maintain a Successful Loyalty Program Part A
 
Customer Segmentation for Retention Strategy
Customer Segmentation for Retention StrategyCustomer Segmentation for Retention Strategy
Customer Segmentation for Retention Strategy
 
Customer Lifetime Value for Insurance Agents
Customer Lifetime Value for Insurance AgentsCustomer Lifetime Value for Insurance Agents
Customer Lifetime Value for Insurance Agents
 
Customer Retention Strategy
Customer Retention StrategyCustomer Retention Strategy
Customer Retention Strategy
 
robinson faris wind b2b by ansh
robinson faris wind b2b  by anshrobinson faris wind b2b  by ansh
robinson faris wind b2b by ansh
 
Customer life cycle wdm
Customer life cycle   wdmCustomer life cycle   wdm
Customer life cycle wdm
 
Loyalty program
Loyalty program   Loyalty program
Loyalty program
 
Customer Loyalty program trends 2021
Customer Loyalty program trends 2021Customer Loyalty program trends 2021
Customer Loyalty program trends 2021
 
Marketing: Loyalty Cards Presentation
Marketing: Loyalty Cards Presentation Marketing: Loyalty Cards Presentation
Marketing: Loyalty Cards Presentation
 
Virgin mobile USA Pricing case analysis - Pricing strategy
Virgin mobile USA Pricing case analysis - Pricing strategy Virgin mobile USA Pricing case analysis - Pricing strategy
Virgin mobile USA Pricing case analysis - Pricing strategy
 
MDF Best Practices - An Executive Review
MDF Best Practices - An Executive ReviewMDF Best Practices - An Executive Review
MDF Best Practices - An Executive Review
 

Destacado

A presentetion of cutomer loyalty initiatives program of copy
A presentetion of cutomer loyalty initiatives program of   copyA presentetion of cutomer loyalty initiatives program of   copy
A presentetion of cutomer loyalty initiatives program of copy
Rockvishwajeet Bharti
 
Loyalty cards in Indian retail
Loyalty cards in Indian retailLoyalty cards in Indian retail
Loyalty cards in Indian retail
Haniel Zadok
 
Marketing Automation - Beyond Customer Acquisition
Marketing Automation - Beyond Customer AcquisitionMarketing Automation - Beyond Customer Acquisition
Marketing Automation - Beyond Customer Acquisition
Act-On Software
 
Social Media Secrets
Social Media SecretsSocial Media Secrets
Social Media Secrets
Guy Kawasaki
 
Why Content Marketing Fails
Why Content Marketing FailsWhy Content Marketing Fails
Why Content Marketing Fails
Rand Fishkin
 

Destacado (20)

A presentetion of cutomer loyalty initiatives program of copy
A presentetion of cutomer loyalty initiatives program of   copyA presentetion of cutomer loyalty initiatives program of   copy
A presentetion of cutomer loyalty initiatives program of copy
 
Loyalty cards in Indian retail
Loyalty cards in Indian retailLoyalty cards in Indian retail
Loyalty cards in Indian retail
 
Crm In Retail Industry
Crm In Retail IndustryCrm In Retail Industry
Crm In Retail Industry
 
Market Research Project on Retail Loyalty Cards
Market Research Project on Retail Loyalty CardsMarket Research Project on Retail Loyalty Cards
Market Research Project on Retail Loyalty Cards
 
Retailing and CRM
Retailing and CRMRetailing and CRM
Retailing and CRM
 
Marketing Automation - Beyond Customer Acquisition
Marketing Automation - Beyond Customer AcquisitionMarketing Automation - Beyond Customer Acquisition
Marketing Automation - Beyond Customer Acquisition
 
50 Facts That Will Make Businesses Rethink their Customer Service
50 Facts That Will Make Businesses Rethink their Customer Service50 Facts That Will Make Businesses Rethink their Customer Service
50 Facts That Will Make Businesses Rethink their Customer Service
 
A Better Approach to Customer Retention
A Better Approach to Customer RetentionA Better Approach to Customer Retention
A Better Approach to Customer Retention
 
What Is a Customer Worth? Understanding Customer Lifetime Value
What Is a Customer Worth? Understanding Customer Lifetime ValueWhat Is a Customer Worth? Understanding Customer Lifetime Value
What Is a Customer Worth? Understanding Customer Lifetime Value
 
Ten Staggering Statistics on Customer Loyalty and Retention
Ten Staggering Statistics on Customer Loyalty and RetentionTen Staggering Statistics on Customer Loyalty and Retention
Ten Staggering Statistics on Customer Loyalty and Retention
 
20 Inspirational Customer Experience Quotes
20 Inspirational Customer Experience Quotes20 Inspirational Customer Experience Quotes
20 Inspirational Customer Experience Quotes
 
Customer Retention Strategies
Customer Retention StrategiesCustomer Retention Strategies
Customer Retention Strategies
 
Prioritizing customer acquisition, retention and development efforts in Blue ...
Prioritizing customer acquisition, retention and development efforts in Blue ...Prioritizing customer acquisition, retention and development efforts in Blue ...
Prioritizing customer acquisition, retention and development efforts in Blue ...
 
Social Media Secrets
Social Media SecretsSocial Media Secrets
Social Media Secrets
 
Customer Satisfaction VS. Customer Retention
Customer Satisfaction VS. Customer RetentionCustomer Satisfaction VS. Customer Retention
Customer Satisfaction VS. Customer Retention
 
Customer Retention: Why Your Dog Would Make More Money Than You
Customer Retention: Why Your Dog Would Make More Money Than YouCustomer Retention: Why Your Dog Would Make More Money Than You
Customer Retention: Why Your Dog Would Make More Money Than You
 
Digital Darwinism and the Dawn of Generation C
Digital Darwinism and the Dawn of Generation CDigital Darwinism and the Dawn of Generation C
Digital Darwinism and the Dawn of Generation C
 
Digital, Social & Mobile in 2015
Digital, Social & Mobile in 2015Digital, Social & Mobile in 2015
Digital, Social & Mobile in 2015
 
Why Content Marketing Fails
Why Content Marketing FailsWhy Content Marketing Fails
Why Content Marketing Fails
 
The History of SEO
The History of SEOThe History of SEO
The History of SEO
 

Similar a How to Improve Customer Loyalty in Retail

A Fashion Brand's Guide to Building Consumer Intimacy in the Digital Age
A Fashion Brand's Guide to Building Consumer Intimacy in the Digital AgeA Fashion Brand's Guide to Building Consumer Intimacy in the Digital Age
A Fashion Brand's Guide to Building Consumer Intimacy in the Digital Age
Andy Larsen
 

Similar a How to Improve Customer Loyalty in Retail (20)

Personalize Customer Engagements Through Smarter Analytics & Marketing
Personalize Customer Engagements Through Smarter Analytics & MarketingPersonalize Customer Engagements Through Smarter Analytics & Marketing
Personalize Customer Engagements Through Smarter Analytics & Marketing
 
CRM for the Digital Age
CRM for the Digital AgeCRM for the Digital Age
CRM for the Digital Age
 
Customer Analytics Strategy and Application
Customer Analytics Strategy and ApplicationCustomer Analytics Strategy and Application
Customer Analytics Strategy and Application
 
Are you failing your mobile customers?
Are you failing your mobile customers?Are you failing your mobile customers?
Are you failing your mobile customers?
 
Reaching For Retail Nirvana
Reaching For Retail NirvanaReaching For Retail Nirvana
Reaching For Retail Nirvana
 
A Fashion Brand's Guide to Building Consumer Intimacy in the Digital Age
A Fashion Brand's Guide to Building Consumer Intimacy in the Digital AgeA Fashion Brand's Guide to Building Consumer Intimacy in the Digital Age
A Fashion Brand's Guide to Building Consumer Intimacy in the Digital Age
 
Informe de PwC sobre las expectativas y hábitos de consumo del comprador online
Informe de PwC sobre las expectativas y hábitos de consumo del comprador onlineInforme de PwC sobre las expectativas y hábitos de consumo del comprador online
Informe de PwC sobre las expectativas y hábitos de consumo del comprador online
 
Informes PwC - Encuesta Total Retail Global
Informes PwC - Encuesta Total Retail GlobalInformes PwC - Encuesta Total Retail Global
Informes PwC - Encuesta Total Retail Global
 
The Future of Retail Report
The Future of Retail ReportThe Future of Retail Report
The Future of Retail Report
 
#CNX14 - What the Winners are Doing: How Smart Brands Drive New and Repeat Sa...
#CNX14 - What the Winners are Doing: How Smart Brands Drive New and Repeat Sa...#CNX14 - What the Winners are Doing: How Smart Brands Drive New and Repeat Sa...
#CNX14 - What the Winners are Doing: How Smart Brands Drive New and Repeat Sa...
 
Clineteling for Small Buisness
Clineteling for Small BuisnessClineteling for Small Buisness
Clineteling for Small Buisness
 
10 omnichannel strategy essentials for 2021
10 omnichannel strategy essentials for 202110 omnichannel strategy essentials for 2021
10 omnichannel strategy essentials for 2021
 
Personalization: Relevant Retailing
Personalization: Relevant Retailing Personalization: Relevant Retailing
Personalization: Relevant Retailing
 
P rao hdfc
P rao hdfcP rao hdfc
P rao hdfc
 
Becoming a Customer-Driven Organization
Becoming a Customer-Driven OrganizationBecoming a Customer-Driven Organization
Becoming a Customer-Driven Organization
 
2014 marketing-trends
2014 marketing-trends2014 marketing-trends
2014 marketing-trends
 
7 key marketing trends for 2014
7 key marketing trends for 20147 key marketing trends for 2014
7 key marketing trends for 2014
 
Voice of the customer - delivering customer centricity
Voice of the customer - delivering customer centricityVoice of the customer - delivering customer centricity
Voice of the customer - delivering customer centricity
 
Contextual Commerce: Best Practices for Winning with Customer Experience with...
Contextual Commerce: Best Practices for Winning with Customer Experience with...Contextual Commerce: Best Practices for Winning with Customer Experience with...
Contextual Commerce: Best Practices for Winning with Customer Experience with...
 
Tools for Engagement Marketing
Tools for Engagement MarketingTools for Engagement Marketing
Tools for Engagement Marketing
 

Más de MarketBridge

Más de MarketBridge (10)

Infographic - Retailer's Guide to Customer Loyalty in the Digital Age
Infographic - Retailer's Guide to Customer Loyalty in the Digital AgeInfographic - Retailer's Guide to Customer Loyalty in the Digital Age
Infographic - Retailer's Guide to Customer Loyalty in the Digital Age
 
Improve Sales Productivity with Digital Sales Coverage
Improve Sales Productivity with Digital Sales CoverageImprove Sales Productivity with Digital Sales Coverage
Improve Sales Productivity with Digital Sales Coverage
 
Digital sales coverage webinar presentation
Digital sales coverage webinar presentationDigital sales coverage webinar presentation
Digital sales coverage webinar presentation
 
Is Marketing Automation Failing you or Vise Versa? Gain five quick tips to m...
Is Marketing Automation Failing you or Vise Versa?  Gain five quick tips to m...Is Marketing Automation Failing you or Vise Versa?  Gain five quick tips to m...
Is Marketing Automation Failing you or Vise Versa? Gain five quick tips to m...
 
How to Improve Sales Productivity in 5 Steps: Digital Sales Coverage
How to Improve Sales Productivity in 5 Steps:  Digital Sales CoverageHow to Improve Sales Productivity in 5 Steps:  Digital Sales Coverage
How to Improve Sales Productivity in 5 Steps: Digital Sales Coverage
 
Home Improvement Social Media Scoring
Home Improvement Social Media Scoring Home Improvement Social Media Scoring
Home Improvement Social Media Scoring
 
The ultimate guide to the new buyers journey
The ultimate guide to the new buyers journeyThe ultimate guide to the new buyers journey
The ultimate guide to the new buyers journey
 
Digital sales coverage, joe
Digital sales coverage, joeDigital sales coverage, joe
Digital sales coverage, joe
 
5 Things B2B Marketers Need to Fear with Social Media
5 Things B2B Marketers Need to Fear with Social Media5 Things B2B Marketers Need to Fear with Social Media
5 Things B2B Marketers Need to Fear with Social Media
 
Crunching “Big Data” to Drive 2012 Revenue Growth: The 5 Myths of Sales & Mar...
Crunching “Big Data” to Drive 2012 Revenue Growth: The 5 Myths of Sales & Mar...Crunching “Big Data” to Drive 2012 Revenue Growth: The 5 Myths of Sales & Mar...
Crunching “Big Data” to Drive 2012 Revenue Growth: The 5 Myths of Sales & Mar...
 

Último

Último (8)

Supermarket Floral Ad Roundup- Week 19 2024.pdf
Supermarket Floral Ad Roundup- Week 19 2024.pdfSupermarket Floral Ad Roundup- Week 19 2024.pdf
Supermarket Floral Ad Roundup- Week 19 2024.pdf
 
5CL-ADBA,5cladba, the best supplier in China
5CL-ADBA,5cladba, the best supplier in China5CL-ADBA,5cladba, the best supplier in China
5CL-ADBA,5cladba, the best supplier in China
 
Digital Business Strategy - How Food Brands Compete Through Technology
Digital Business Strategy - How Food Brands Compete Through TechnologyDigital Business Strategy - How Food Brands Compete Through Technology
Digital Business Strategy - How Food Brands Compete Through Technology
 
Planting Seeds of Success and of Failure.pdf
Planting Seeds of Success and of Failure.pdfPlanting Seeds of Success and of Failure.pdf
Planting Seeds of Success and of Failure.pdf
 
Don’t Get Showroomed- Are you frustrated with showrooming?
Don’t Get Showroomed- Are you frustrated with showrooming?Don’t Get Showroomed- Are you frustrated with showrooming?
Don’t Get Showroomed- Are you frustrated with showrooming?
 
The 2024 Prime Day Panel: From Preparation to Profit
The 2024 Prime Day Panel: From Preparation to ProfitThe 2024 Prime Day Panel: From Preparation to Profit
The 2024 Prime Day Panel: From Preparation to Profit
 
Transform Your Outdoor Space: Landscaping with Plants in Singapore
Transform Your Outdoor Space: Landscaping with Plants in SingaporeTransform Your Outdoor Space: Landscaping with Plants in Singapore
Transform Your Outdoor Space: Landscaping with Plants in Singapore
 
Hifi Agartala Escorts Service Girl ^ 9332606886, WhatsApp Anytime Agartala
Hifi Agartala Escorts Service Girl ^ 9332606886, WhatsApp Anytime AgartalaHifi Agartala Escorts Service Girl ^ 9332606886, WhatsApp Anytime Agartala
Hifi Agartala Escorts Service Girl ^ 9332606886, WhatsApp Anytime Agartala
 

How to Improve Customer Loyalty in Retail

  • 1. You Had Me At Hello Gaining, growing and maintaining customer loyalty in the world of personalization and social technology Becky Johns Vice President, Head of Retail & Consumer Solutions rjohns@market-bridge.com
  • 2. ©2012 MarketBridge Corp.– 2 – 2 RevenueEngines™ Digital Engagement Programs S.M.A.R.T.™ Predictive Analytics Solution Digital programs and tools to increase lead volume, quality, and conversion-to-revenues while enabling sales channels to engage customers Sales and Marketing Analytics, Reporting and Technology to optimize campaign yield, lead-to- revenue conversion by prioritizing opportunities and personalizing interactions World-Class Clients Building Customer Loyalty For more than 20 years, MarketBridge has been delivering technology-enabled solutions for Fortune 1000 clients combining digital customer engagement and predictive analytics solutions to connect marketing and sales and improve Sales Associate productivity and Marketing effectiveness. Our expertise in the complete omni-channel marketing arena means that our services are strategically designed to drive traffic, focus clienteling efforts, increase customer loyalty and ultimately grow revenue. MARKETBRIDGE OVERVIEW Our Experience
  • 3. ©2014 MarketBridge Corp.– 3 – Retail Has Reached Its Next Great Inflection Point Three paradigm shifts will drive the future of Retail… CONSULTATIVE “Find the right product for me” SCALED “Everything I want at prices I can afford” PERSONALIZED & EXPERIENCIAL “Find me the best price, incorporate my favorite brands and make it social” “Everything I want at the click of a mouse” TRANSACTIONAL 1950’s Today
  • 4. ©2014 MarketBridge Corp.– 4 – END Agenda Retail’s New Inflection Point Be Relevant at Every Interaction The Problem The Solution Real Life Examples Connect with Their Interests The Problem The Solution Real Life Examples Democratize the Customer Experience The Problem The Solution Real Life Examples Parting Tips & Q/A
  • 5. ©2014 MarketBridge Corp.– 5 – Consume sources of information Your Customer is More Informed & Connected than Ever 12 6 of Customers are using their mobile phones to Guide In-Store purchases.50%Oh, and… Conduct online searches & On average Customers … …prior to making a purchase Site: Google Shopper Research 2014
  • 6. ©2014 MarketBridge Corp.– 6 – Your Customer’s Experience Transcends Online vs. Offline TRILLION OF OFFLINE RETAIL SPEND IS INFLUENCED BY ONLINE EXPERIENCES Site: Google Shopper Research 2014
  • 7. ©2014 MarketBridge Corp.– 7 – EXPECTATIONS TIME Your Customer’s Expectations are Increasing
  • 8. ©2014 MarketBridge Corp.– 8 – END Agenda Retail’s New Inflection Point Be Relevant at Every Interaction The Problem The Solution Real Life Examples
  • 9. ©2014 MarketBridge Corp.– 9 – ! IT’S THE YEAR 2014… AND YET... Be Relevant At Every Interaction The Problem: We are wasteful in who we interact with and how we interact with them.
  • 10. ©2014 MarketBridge Corp.– 10 –  Be Relevant At Every Interaction The Solution: Use the power of your data to target customers at the most granular segments that matter. ATTITUDINAL DIMENSIONS • Conducted quantitative survey with over 1,500 top customers and focus groups with key target segments PERSONA-BASED MESSAGING • Developed value proposition and messaging concepts informed by the results from the quantitative research • Tested and validated the value proposition with identified segments ENGAGEMENT MATERIAL • Deployed segmentation across client databases, applying advanced predictive modeling • 2% annual revenue lift from deploying segmentation strategy • Initial results showed 167% increase in leads when using tailored segmentation messaging Results:
  • 11. ©2014 MarketBridge Corp.– 11 –  Be Relevant At Every Interaction The Solution: Focus on solving for pain points at the point of engagement. 15 MILLION DOWNLOADS! #1 CONSUMER APP
  • 12. ©2014 MarketBridge Corp.– 12 – END Agenda Retail’s New Inflection Point Be Relevant at Every Interaction The Problem The Solution Real Life Examples Connect with Their Interests The Problem The Solution Real Life Examples
  • 13. ©2014 MarketBridge Corp.– 13 – Connect With Their Interests OF SHOPPERS SAY THAT PERSONALIZED EXPERIENCES WOULD INFLUENCE THEIR PURCHASING DECISIONS 86% ! The Problem: We are so focused on the sale, we forget about who our shopper is. . Site: Infosys 2014 shopper Survey
  • 14. ©2014 MarketBridge Corp.– 14 –  Connect With Their Interests The Solution: Understand what your customers are interested in and connect them to what inspires them. • Build complete digital customer profile among current and future customers • Identify and recruit leads (700,000) and provide to Sales Associates • Encourage brand affinity & decrease cost of acquisition ($10 down to $4) • Increase the likelihood of conversion (4x) for existing leads • Nurture relationships of current customers for cross-sell & usage opportunities and customer retention • Name • Email • Age • Gender • Address/Geography • Impressions • Traffic Sources • Pageviews • Visits & Unique Visitors • Repeat Visits • Visit Duration • Bounce Rate • Device Usage • Browser Usage • Click Paths • Email Opens • Email Clicks • Email Client Usage • Cost per Lead • Comments • Shares • Outbound Clicks • Appendable Information (e.g., Lifestyle, Income)
  • 15. ©2014 MarketBridge Corp.– 15 –  Connect With Their Interests The Solution: Understand what your customers are interested in and connect them to it. @GrownandFlown did you check out the @Discover ROI tool. What do you think? Ow.ly/y8Hde #CollegeCash
  • 16. ©2014 MarketBridge Corp.– 16 – END Agenda Retail’s New Inflection Point Be Relevant at Every Interaction The Problem The Solution Real Life Examples Connect with Their Interests The Problem The Solution Real Life Examples Democratize the Customer Experience The Problem The Solution Real Life Examples
  • 17. ©2014 MarketBridge Corp.– 17 – ! Democratize the Customer Experience The Problem: We continue to dictate the terms of how our customers shop with us - when we know it should be the reverse. OF SHOPPERS SAY IT’S IMPORTANT FOR RETAILERS TO LET THEM SHOP IN THE WAY THEY WANT Yet Only… Percentage of Shoppers that expect consistency in pricing Online vs. In-Store 75% Percentage of Retailers that offer the same pricing Online and In-store 16% Site: Accenture Seamless Retail Study
  • 18. ©2014 MarketBridge Corp.– 18 –  Democratize the Customer Experience The Solution: Allow your shoppers to shop everywhere in a seamless manner. Site: Wharton School of Business Case Study
  • 19. ©2014 MarketBridge Corp.– 19 –  Democratize the Customer Experience The Solution: Empower your Sales Associates to build loyalty & delight customers. TRAININGGAMES ONLINE TOOLS FLOOR MODULES • Build loyalty-focused training path to help Associates increase knowledge (3X) of the loyalty program • Increase Associate productivity (26% increase) by keeping them on the floor during most training, through “floor modules” • Lift penetration from shoppers using their private label credit cards within the Stores • Reduce the amount of interchange paid by enabling more customers to use the Store’s private label credit card
  • 20. ©2014 MarketBridge Corp.– 20 – END Agenda Retail’s New Inflection Point Be Relevant at Every Interaction The Problem The Solution Real Life Examples Connect with Their Interests The Problem The Solution Real Life Examples Democratize the Customer Experience The Problem The Solution Real Life Examples Parting Tips & Q/A
  • 21. ©2014 MarketBridge Corp.– 21 – Parting Tips
  • 22. ©2014 MarketBridge Corp.– 22 – WEBSITE MarketBridge Website OUR COMMUNITY CHECK OUT www.market-bridge.com www.digital-bridge.com BLOG: “Building the Pond: Taking the Long-View in Customer Engagement” WEBINAR: “Not your Mama’s Sales Tools: The Next Generation of Sales Enablement” You Might Also Like Becky Johns Vice President, Head of Retail & Consumer Solutions rjohns@market-bridge.com Thank You and Q&A