SlideShare una empresa de Scribd logo
1 de 3
Descargar para leer sin conexión
Loyalty Quest
                    Understanding what customers want.




the consumer’s                          feel — that they’re not just face-          be courted, and will pay you
                                        less consumers, but highly                  handsomely for it. well-executed
purchasing options
                                        valued individuals.                         loyalty programs have boosted
today are dizzying.                                                                 retailers’ bottom lines by 25 to
                                        Just as a friend feels delighted
In most retail areas, shoppers can                                                  95 percent, according to Jupiter
                                        when you buy her a gift she’s long
find the same product at several                                                    research.
                                        desired, so does a shopper feel
stores. And if they don’t want to
                                        an affinity to a store that under-
leave the comfort of their home
                                        stands her and caters to them.
                                                                                    Case studies
there are catalogs, tV shopping
                                                                                    Nine West Group, Inc.
channels and the Internet.              that understanding is called cus-
                                        tomer-centric marketing. A 180-             nine west group gets down to
But what makes many of them                                                         their customers’ soles, using
                                        degree turn from volume-based
repeatedly choose one business                                                      e-mail as a primary method for
                                        communication strategies to
over the others? Loyalty.                                                           reaching them.
                                        focus on leveraging customer
these buyers’ decisions are guided      insights to target and acquire              to market to its easy spirit brand
by far more than just familiarity or    more profitable customers, keep             customers, it tailors its message
proximity. Consumer expectations        them coming back and even                   to such specific details as a cus-
are high. In fact, it is not uncommon   increase the amount of money                tomer’s shoe size and shoe width
for a business to achieve high          they spend with your company.               – one of the features that draw
customer satisfaction ratings, but      to earn that kind of customer               hard-to-fit and quality-conscience
still experience customer retention     devotion, a business must learn
                                                                                    customers to buy easy spirit
problems. Customer loyalty cannot       to anticipate and exceed its cus-
                                                                                    in the first place. the company
be assumed.                             tomers’ expectations.
                                                                                    finds this information through
today, it’s how the purchasing          Customers, not retailers, are in            customer’s transaction history as
experience makes the customer           today’s driving seat. they want to          well as online profiles.


||                                         ©2010 Customer InsIght group, InC. ph: 303.422.9758 www.CustomerInsIghtgroup.Com
For instance, when the customer      customers by gathering and                  company to hire well-trained ana-
receives e-mail about a new line     analyzing data about them. that             lysts, then significantly beefing up
of sandals, she is directed to a     includes who they are and how               its marketing departments to help
landing page that displays the       often, what and when they buy.              translate the data into effective
sandals that come in her size and                                                programs.
                                     this information can come not
width. Additionally, every e-mail                                                that’s where strategic marketing
                                     only from a study of behaviors,
includes is a link to a page where
                                     but also local demographics:                firms can help make the differ-
the customer can edit her profile.
                                                                                 ence between a successful loyalty
                                      Are you in a high-income
It relies on a similar e-mail cam-                                               program and one that fails to
                                       area?
paign for its nine west brand.                                                   achieve the business objectives.
                                      One heavily populated
the company’s carefully analyzed                                                 the statistics loyalty marketers
                                       by seniors?
messages show their customers                                                    know how to find will keep com-
open, read and act on the com-        Families?
                                                                                 panies from searching in the
pany’s e-mail and mail messages       Singles with lots of                      dark to find successful strate-
at rates as much as four times         disposable income?                        gies. since it’s their business,
higher than the industry average,                                                marketers invest heavily to
                                     target your marketing toward the
said nine west’s multi-channel                                                   ensure that their databases are
                                     demographic that already fre-
marketing vice president.                                                        always up to speed or ahead
                                     quents your store.
                                                                                 of the game. A Directmag.com
Petco                                In addition, find out what moti-
                                                                                 survey showed that most mar-
petco knows not just its cus-        vates your customers to buy from
                                                                                 keters spend nearly $250,000
tomers, but also their pets, a       one retailer over another, and
                                                                                 to upgrade their databases. the
necessity in a business in which     what type of customer you want
                                                                                 reason? more and more compa-
the shopper’s focus is not on        to attract:
                                                                                 nies are investing in customer-
himself, but his loyal companion.     Is it the recognition and sta-            centric programs to improve busi-
It considers the special needs of      tus often awarded to bigger               ness performance.
customers who have youthful and        spenders, such as the points
                                                                                 once a retailer creates and
aging pets, and advertises prod-       accumulated by frequent flyers?
                                                                                 implements a program, the
ucts and services to suit those       Are you searching for value-              need for such data doesn’t go
pets’ life stages.                     minded, time-conscious shop-              away. Best Buy, for instance,
                                       pers who need discounts and/              is continually researching its
During one of its successful
                                       or convenience to lure them to            customers’ satisfaction and
efforts, it tracked customers who
                                       a particular company?                     using that information to tweak
purchased small animals such
as fish, snakes, birds and rep-       Or do you want your business              its program in the areas that
tiles, and sent them postcards         to draw customers based on                research shows it’s flagging. In
related to the specific pet they       the quality of its products and           2004, it revamped its already
purchased. the response rate to        superior service?                         successful loyalty program. the
this mailing was an astounding       Your business objective will influ-         changes were not dramatic,
15 percent.                          ence the data requirements and              but carefully planned to deliver
                                     how the data is collected.                  maximum effect.
getting there                        the intricacies involved in this            It offered buyers more options
takes work.                          kind of data analysis exceed most           for cashing in on their rewards
First, and most critically, the      retailers’ abilities. Collecting the        and gave its highest spenders
business must get to know its        right data likely will require a            exclusive soft benefits. It made


||                                      ©2010 Customer InsIght group, InC. ph: 303.422.9758 www.CustomerInsIghtgroup.Com
in-office changes as well that cut        through online reward Zone                   customers than win new ones.
error rates in tracking the use of        certificates. not only was this              A loyal customer is worth more,
certificates and lowered postage          change beneficial to members,                shops more often and spends
costs. As a result, enrollment in         but it also allowed Best Buy to              more money than an infrequent
                                                                                       or one-time buyer. Additionally,
                                                                                       happy customers relay their expe-
A l o yA l c u s t o m e r i s w o r t h m o r e , s h o p s m o r e o f t e n         riences to friends, a trusted and
And spends more money thAn An infrequent or                                            invaluable referral system.
one-time buyer.
                                                                                       show them you’ve got what they
                                                                                       – as individuals – need so they
                                                                                       won’t even consider seeking it
its reward Zone program more              employ more environmental                    elsewhere. make it easy and
than doubled, and Best Buy cut            friendly practices while again               natural for them to come to you,
$2 million from its postage costs.        cutting program costs.                       every time.
In 2009, the successful elec-             shifting to a customer-centric               using this approach, customers
tronics retailer offered customers        marketing is a worthwhile invest-            become not advertising targets,
even more options by introducing          ment. Consider this: It’s up to five         but partners in your successful
increased security and safety             times cheaper to keep existing               business.




                            sAllie burnett                                     c u s t o m e r i n s i g h t g r o u p, i n c .
                            strategist. leader. innovator.
                                                                               Customer Insight Group is a strategic
                            With over 20 years’ experience in                  marketing company that uses customer
                            strategic marketing, sales management              information to help its clients engage in
                            and customer relationship management,              successful and profitable long-term rela-
                            Customer Insight Group founder Sallie              tionships with each and every customer.
                            Burnett has built her vanguard reputation          It provides marketing strategy, customer
                            by crafting solid customer-centric strate-         research, data analysis, program devel-
                            gies that drive bottom-line success for            opment, implementation and refinement
                            her clients. Renowned for her out-of-the-          of customer-centric programs including:
Sallie Burnett              box thinking and wealth of experience,             loyalty, social media, customer engage-
president, Ceo              she’s been sought out by many of the               ment, retention, win-back and new cus-
Customer Insight group
                            nation’s top companies to engage, keep             tomer acquisition.
twitter.com/sallieburnett
                            and grow their customer relationships at
                            every point along their customer relation-
                            ship journey. Her insight results in better
                            aligned sales, service and marketing,
                            while generating the greatest return on
                            investment based on the voice and value
                                                                               671 Secrest Circle
                                                                                   1
                            of the customer.                                   Arvada, CO 80007
                                                                               ph: 303.422.9758
                                                                               www.customerinsightgroup.com
                                                                               info@customerinsightgroup.com
Customer relationships — engage.Keep.grow.                                     twitter.com/internethowto




||                                            ©2010 Customer InsIght group, InC. ph: 303.422.9758 www.CustomerInsIghtgroup.Com

Más contenido relacionado

Más de Sallie Burnett

Top Nonprofits on Facebook & What They Are Doing
Top Nonprofits on Facebook & What They Are Doing Top Nonprofits on Facebook & What They Are Doing
Top Nonprofits on Facebook & What They Are Doing Sallie Burnett
 
How Nonprofits Can Utilize Social Media To Do Good
How Nonprofits Can Utilize Social Media To Do Good How Nonprofits Can Utilize Social Media To Do Good
How Nonprofits Can Utilize Social Media To Do Good Sallie Burnett
 
THE DO’S AND DON’TS OF BANK LOYALTY
THE DO’S AND DON’TS OF BANK LOYALTY  THE DO’S AND DON’TS OF BANK LOYALTY
THE DO’S AND DON’TS OF BANK LOYALTY Sallie Burnett
 
Patient Loyalty: What it Takes to Earn Their Loyalty
Patient Loyalty: What it Takes to Earn Their Loyalty Patient Loyalty: What it Takes to Earn Their Loyalty
Patient Loyalty: What it Takes to Earn Their Loyalty Sallie Burnett
 
Benefits of Loyalty Programs
Benefits of Loyalty ProgramsBenefits of Loyalty Programs
Benefits of Loyalty ProgramsSallie Burnett
 
Why Customer Loyalty Is Important Infographic
Why Customer Loyalty Is Important InfographicWhy Customer Loyalty Is Important Infographic
Why Customer Loyalty Is Important InfographicSallie Burnett
 
B2C Content Marketing Infograph
B2C Content Marketing InfographB2C Content Marketing Infograph
B2C Content Marketing InfographSallie Burnett
 
Fee Based Loyalty Programs Infograph
Fee Based Loyalty Programs InfographFee Based Loyalty Programs Infograph
Fee Based Loyalty Programs InfographSallie Burnett
 
Sallie Burnett Speaker Bio
Sallie Burnett Speaker BioSallie Burnett Speaker Bio
Sallie Burnett Speaker BioSallie Burnett
 
Supercharge Your Facebook Marketing
Supercharge Your Facebook Marketing Supercharge Your Facebook Marketing
Supercharge Your Facebook Marketing Sallie Burnett
 
Trends in Social Media Impacting Business (Infographic)
Trends in Social Media Impacting Business (Infographic)Trends in Social Media Impacting Business (Infographic)
Trends in Social Media Impacting Business (Infographic)Sallie Burnett
 
Loyalty Program Refresher
Loyalty Program RefresherLoyalty Program Refresher
Loyalty Program RefresherSallie Burnett
 
Getting Social Media Right For Your B2B Audience
Getting Social Media Right For Your B2B AudienceGetting Social Media Right For Your B2B Audience
Getting Social Media Right For Your B2B AudienceSallie Burnett
 
Digital Consumer: Engaging your digital audience
Digital Consumer: Engaging your digital audienceDigital Consumer: Engaging your digital audience
Digital Consumer: Engaging your digital audienceSallie Burnett
 
What Marketers Must Know to Maximize Social Media Results
What Marketers Must Know to Maximize Social Media ResultsWhat Marketers Must Know to Maximize Social Media Results
What Marketers Must Know to Maximize Social Media ResultsSallie Burnett
 
Maximize Results of Social Media
 Maximize Results of Social Media  Maximize Results of Social Media
Maximize Results of Social Media Sallie Burnett
 
Social Media Outlook 2012
Social Media Outlook 2012Social Media Outlook 2012
Social Media Outlook 2012Sallie Burnett
 
INFOGRAPH: 2012 YouTube Statistics
INFOGRAPH: 2012 YouTube StatisticsINFOGRAPH: 2012 YouTube Statistics
INFOGRAPH: 2012 YouTube StatisticsSallie Burnett
 

Más de Sallie Burnett (20)

Top Nonprofits on Facebook & What They Are Doing
Top Nonprofits on Facebook & What They Are Doing Top Nonprofits on Facebook & What They Are Doing
Top Nonprofits on Facebook & What They Are Doing
 
How Nonprofits Can Utilize Social Media To Do Good
How Nonprofits Can Utilize Social Media To Do Good How Nonprofits Can Utilize Social Media To Do Good
How Nonprofits Can Utilize Social Media To Do Good
 
THE DO’S AND DON’TS OF BANK LOYALTY
THE DO’S AND DON’TS OF BANK LOYALTY  THE DO’S AND DON’TS OF BANK LOYALTY
THE DO’S AND DON’TS OF BANK LOYALTY
 
Patient Loyalty: What it Takes to Earn Their Loyalty
Patient Loyalty: What it Takes to Earn Their Loyalty Patient Loyalty: What it Takes to Earn Their Loyalty
Patient Loyalty: What it Takes to Earn Their Loyalty
 
Benefits of Loyalty Programs
Benefits of Loyalty ProgramsBenefits of Loyalty Programs
Benefits of Loyalty Programs
 
Why Customer Loyalty Is Important Infographic
Why Customer Loyalty Is Important InfographicWhy Customer Loyalty Is Important Infographic
Why Customer Loyalty Is Important Infographic
 
B2C Content Marketing Infograph
B2C Content Marketing InfographB2C Content Marketing Infograph
B2C Content Marketing Infograph
 
Fee Based Loyalty Programs Infograph
Fee Based Loyalty Programs InfographFee Based Loyalty Programs Infograph
Fee Based Loyalty Programs Infograph
 
Sallie Burnett Speaker Bio
Sallie Burnett Speaker BioSallie Burnett Speaker Bio
Sallie Burnett Speaker Bio
 
Supercharge Your Facebook Marketing
Supercharge Your Facebook Marketing Supercharge Your Facebook Marketing
Supercharge Your Facebook Marketing
 
Trends in Social Media Impacting Business (Infographic)
Trends in Social Media Impacting Business (Infographic)Trends in Social Media Impacting Business (Infographic)
Trends in Social Media Impacting Business (Infographic)
 
Loyalty Program Refresher
Loyalty Program RefresherLoyalty Program Refresher
Loyalty Program Refresher
 
Getting Social Media Right For Your B2B Audience
Getting Social Media Right For Your B2B AudienceGetting Social Media Right For Your B2B Audience
Getting Social Media Right For Your B2B Audience
 
Digital Consumer: Engaging your digital audience
Digital Consumer: Engaging your digital audienceDigital Consumer: Engaging your digital audience
Digital Consumer: Engaging your digital audience
 
What Marketers Must Know to Maximize Social Media Results
What Marketers Must Know to Maximize Social Media ResultsWhat Marketers Must Know to Maximize Social Media Results
What Marketers Must Know to Maximize Social Media Results
 
Mobile Use Surges
Mobile Use SurgesMobile Use Surges
Mobile Use Surges
 
Maximize Results of Social Media
 Maximize Results of Social Media  Maximize Results of Social Media
Maximize Results of Social Media
 
Social Media Outlook 2012
Social Media Outlook 2012Social Media Outlook 2012
Social Media Outlook 2012
 
Pinterest Infograph
Pinterest InfographPinterest Infograph
Pinterest Infograph
 
INFOGRAPH: 2012 YouTube Statistics
INFOGRAPH: 2012 YouTube StatisticsINFOGRAPH: 2012 YouTube Statistics
INFOGRAPH: 2012 YouTube Statistics
 

Último

Best VIP Call Girls Noida Sector 40 Call Me: 8448380779
Best VIP Call Girls Noida Sector 40 Call Me: 8448380779Best VIP Call Girls Noida Sector 40 Call Me: 8448380779
Best VIP Call Girls Noida Sector 40 Call Me: 8448380779Delhi Call girls
 
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...Dipal Arora
 
Ensure the security of your HCL environment by applying the Zero Trust princi...
Ensure the security of your HCL environment by applying the Zero Trust princi...Ensure the security of your HCL environment by applying the Zero Trust princi...
Ensure the security of your HCL environment by applying the Zero Trust princi...Roland Driesen
 
Catalogue ONG NUOC PPR DE NHAT .pdf
Catalogue ONG NUOC PPR DE NHAT      .pdfCatalogue ONG NUOC PPR DE NHAT      .pdf
Catalogue ONG NUOC PPR DE NHAT .pdfOrient Homes
 
Monte Carlo simulation : Simulation using MCSM
Monte Carlo simulation : Simulation using MCSMMonte Carlo simulation : Simulation using MCSM
Monte Carlo simulation : Simulation using MCSMRavindra Nath Shukla
 
Call Girls Pune Just Call 9907093804 Top Class Call Girl Service Available
Call Girls Pune Just Call 9907093804 Top Class Call Girl Service AvailableCall Girls Pune Just Call 9907093804 Top Class Call Girl Service Available
Call Girls Pune Just Call 9907093804 Top Class Call Girl Service AvailableDipal Arora
 
Mondelez State of Snacking and Future Trends 2023
Mondelez State of Snacking and Future Trends 2023Mondelez State of Snacking and Future Trends 2023
Mondelez State of Snacking and Future Trends 2023Neil Kimberley
 
Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...
Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...
Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...Dave Litwiller
 
Keppel Ltd. 1Q 2024 Business Update Presentation Slides
Keppel Ltd. 1Q 2024 Business Update  Presentation SlidesKeppel Ltd. 1Q 2024 Business Update  Presentation Slides
Keppel Ltd. 1Q 2024 Business Update Presentation SlidesKeppelCorporation
 
GD Birla and his contribution in management
GD Birla and his contribution in managementGD Birla and his contribution in management
GD Birla and his contribution in managementchhavia330
 
Creating Low-Code Loan Applications using the Trisotech Mortgage Feature Set
Creating Low-Code Loan Applications using the Trisotech Mortgage Feature SetCreating Low-Code Loan Applications using the Trisotech Mortgage Feature Set
Creating Low-Code Loan Applications using the Trisotech Mortgage Feature SetDenis Gagné
 
Call Girls In Panjim North Goa 9971646499 Genuine Service
Call Girls In Panjim North Goa 9971646499 Genuine ServiceCall Girls In Panjim North Goa 9971646499 Genuine Service
Call Girls In Panjim North Goa 9971646499 Genuine Serviceritikaroy0888
 
Insurers' journeys to build a mastery in the IoT usage
Insurers' journeys to build a mastery in the IoT usageInsurers' journeys to build a mastery in the IoT usage
Insurers' journeys to build a mastery in the IoT usageMatteo Carbone
 
BEST ✨ Call Girls In Indirapuram Ghaziabad ✔️ 9871031762 ✔️ Escorts Service...
BEST ✨ Call Girls In  Indirapuram Ghaziabad  ✔️ 9871031762 ✔️ Escorts Service...BEST ✨ Call Girls In  Indirapuram Ghaziabad  ✔️ 9871031762 ✔️ Escorts Service...
BEST ✨ Call Girls In Indirapuram Ghaziabad ✔️ 9871031762 ✔️ Escorts Service...noida100girls
 
Vip Dewas Call Girls #9907093804 Contact Number Escorts Service Dewas
Vip Dewas Call Girls #9907093804 Contact Number Escorts Service DewasVip Dewas Call Girls #9907093804 Contact Number Escorts Service Dewas
Vip Dewas Call Girls #9907093804 Contact Number Escorts Service Dewasmakika9823
 
Pharma Works Profile of Karan Communications
Pharma Works Profile of Karan CommunicationsPharma Works Profile of Karan Communications
Pharma Works Profile of Karan Communicationskarancommunications
 
The Coffee Bean & Tea Leaf(CBTL), Business strategy case study
The Coffee Bean & Tea Leaf(CBTL), Business strategy case studyThe Coffee Bean & Tea Leaf(CBTL), Business strategy case study
The Coffee Bean & Tea Leaf(CBTL), Business strategy case studyEthan lee
 
Call Girls In DLf Gurgaon ➥99902@11544 ( Best price)100% Genuine Escort In 24...
Call Girls In DLf Gurgaon ➥99902@11544 ( Best price)100% Genuine Escort In 24...Call Girls In DLf Gurgaon ➥99902@11544 ( Best price)100% Genuine Escort In 24...
Call Girls In DLf Gurgaon ➥99902@11544 ( Best price)100% Genuine Escort In 24...lizamodels9
 
VIP Call Girl Jamshedpur Aashi 8250192130 Independent Escort Service Jamshedpur
VIP Call Girl Jamshedpur Aashi 8250192130 Independent Escort Service JamshedpurVIP Call Girl Jamshedpur Aashi 8250192130 Independent Escort Service Jamshedpur
VIP Call Girl Jamshedpur Aashi 8250192130 Independent Escort Service JamshedpurSuhani Kapoor
 
MONA 98765-12871 CALL GIRLS IN LUDHIANA LUDHIANA CALL GIRL
MONA 98765-12871 CALL GIRLS IN LUDHIANA LUDHIANA CALL GIRLMONA 98765-12871 CALL GIRLS IN LUDHIANA LUDHIANA CALL GIRL
MONA 98765-12871 CALL GIRLS IN LUDHIANA LUDHIANA CALL GIRLSeo
 

Último (20)

Best VIP Call Girls Noida Sector 40 Call Me: 8448380779
Best VIP Call Girls Noida Sector 40 Call Me: 8448380779Best VIP Call Girls Noida Sector 40 Call Me: 8448380779
Best VIP Call Girls Noida Sector 40 Call Me: 8448380779
 
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
 
Ensure the security of your HCL environment by applying the Zero Trust princi...
Ensure the security of your HCL environment by applying the Zero Trust princi...Ensure the security of your HCL environment by applying the Zero Trust princi...
Ensure the security of your HCL environment by applying the Zero Trust princi...
 
Catalogue ONG NUOC PPR DE NHAT .pdf
Catalogue ONG NUOC PPR DE NHAT      .pdfCatalogue ONG NUOC PPR DE NHAT      .pdf
Catalogue ONG NUOC PPR DE NHAT .pdf
 
Monte Carlo simulation : Simulation using MCSM
Monte Carlo simulation : Simulation using MCSMMonte Carlo simulation : Simulation using MCSM
Monte Carlo simulation : Simulation using MCSM
 
Call Girls Pune Just Call 9907093804 Top Class Call Girl Service Available
Call Girls Pune Just Call 9907093804 Top Class Call Girl Service AvailableCall Girls Pune Just Call 9907093804 Top Class Call Girl Service Available
Call Girls Pune Just Call 9907093804 Top Class Call Girl Service Available
 
Mondelez State of Snacking and Future Trends 2023
Mondelez State of Snacking and Future Trends 2023Mondelez State of Snacking and Future Trends 2023
Mondelez State of Snacking and Future Trends 2023
 
Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...
Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...
Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...
 
Keppel Ltd. 1Q 2024 Business Update Presentation Slides
Keppel Ltd. 1Q 2024 Business Update  Presentation SlidesKeppel Ltd. 1Q 2024 Business Update  Presentation Slides
Keppel Ltd. 1Q 2024 Business Update Presentation Slides
 
GD Birla and his contribution in management
GD Birla and his contribution in managementGD Birla and his contribution in management
GD Birla and his contribution in management
 
Creating Low-Code Loan Applications using the Trisotech Mortgage Feature Set
Creating Low-Code Loan Applications using the Trisotech Mortgage Feature SetCreating Low-Code Loan Applications using the Trisotech Mortgage Feature Set
Creating Low-Code Loan Applications using the Trisotech Mortgage Feature Set
 
Call Girls In Panjim North Goa 9971646499 Genuine Service
Call Girls In Panjim North Goa 9971646499 Genuine ServiceCall Girls In Panjim North Goa 9971646499 Genuine Service
Call Girls In Panjim North Goa 9971646499 Genuine Service
 
Insurers' journeys to build a mastery in the IoT usage
Insurers' journeys to build a mastery in the IoT usageInsurers' journeys to build a mastery in the IoT usage
Insurers' journeys to build a mastery in the IoT usage
 
BEST ✨ Call Girls In Indirapuram Ghaziabad ✔️ 9871031762 ✔️ Escorts Service...
BEST ✨ Call Girls In  Indirapuram Ghaziabad  ✔️ 9871031762 ✔️ Escorts Service...BEST ✨ Call Girls In  Indirapuram Ghaziabad  ✔️ 9871031762 ✔️ Escorts Service...
BEST ✨ Call Girls In Indirapuram Ghaziabad ✔️ 9871031762 ✔️ Escorts Service...
 
Vip Dewas Call Girls #9907093804 Contact Number Escorts Service Dewas
Vip Dewas Call Girls #9907093804 Contact Number Escorts Service DewasVip Dewas Call Girls #9907093804 Contact Number Escorts Service Dewas
Vip Dewas Call Girls #9907093804 Contact Number Escorts Service Dewas
 
Pharma Works Profile of Karan Communications
Pharma Works Profile of Karan CommunicationsPharma Works Profile of Karan Communications
Pharma Works Profile of Karan Communications
 
The Coffee Bean & Tea Leaf(CBTL), Business strategy case study
The Coffee Bean & Tea Leaf(CBTL), Business strategy case studyThe Coffee Bean & Tea Leaf(CBTL), Business strategy case study
The Coffee Bean & Tea Leaf(CBTL), Business strategy case study
 
Call Girls In DLf Gurgaon ➥99902@11544 ( Best price)100% Genuine Escort In 24...
Call Girls In DLf Gurgaon ➥99902@11544 ( Best price)100% Genuine Escort In 24...Call Girls In DLf Gurgaon ➥99902@11544 ( Best price)100% Genuine Escort In 24...
Call Girls In DLf Gurgaon ➥99902@11544 ( Best price)100% Genuine Escort In 24...
 
VIP Call Girl Jamshedpur Aashi 8250192130 Independent Escort Service Jamshedpur
VIP Call Girl Jamshedpur Aashi 8250192130 Independent Escort Service JamshedpurVIP Call Girl Jamshedpur Aashi 8250192130 Independent Escort Service Jamshedpur
VIP Call Girl Jamshedpur Aashi 8250192130 Independent Escort Service Jamshedpur
 
MONA 98765-12871 CALL GIRLS IN LUDHIANA LUDHIANA CALL GIRL
MONA 98765-12871 CALL GIRLS IN LUDHIANA LUDHIANA CALL GIRLMONA 98765-12871 CALL GIRLS IN LUDHIANA LUDHIANA CALL GIRL
MONA 98765-12871 CALL GIRLS IN LUDHIANA LUDHIANA CALL GIRL
 

Loyalty Quest: Understanding What Customers Want

  • 1. Loyalty Quest Understanding what customers want. the consumer’s feel — that they’re not just face- be courted, and will pay you less consumers, but highly handsomely for it. well-executed purchasing options valued individuals. loyalty programs have boosted today are dizzying. retailers’ bottom lines by 25 to Just as a friend feels delighted In most retail areas, shoppers can 95 percent, according to Jupiter when you buy her a gift she’s long find the same product at several research. desired, so does a shopper feel stores. And if they don’t want to an affinity to a store that under- leave the comfort of their home stands her and caters to them. Case studies there are catalogs, tV shopping Nine West Group, Inc. channels and the Internet. that understanding is called cus- tomer-centric marketing. A 180- nine west group gets down to But what makes many of them their customers’ soles, using degree turn from volume-based repeatedly choose one business e-mail as a primary method for communication strategies to over the others? Loyalty. reaching them. focus on leveraging customer these buyers’ decisions are guided insights to target and acquire to market to its easy spirit brand by far more than just familiarity or more profitable customers, keep customers, it tailors its message proximity. Consumer expectations them coming back and even to such specific details as a cus- are high. In fact, it is not uncommon increase the amount of money tomer’s shoe size and shoe width for a business to achieve high they spend with your company. – one of the features that draw customer satisfaction ratings, but to earn that kind of customer hard-to-fit and quality-conscience still experience customer retention devotion, a business must learn customers to buy easy spirit problems. Customer loyalty cannot to anticipate and exceed its cus- in the first place. the company be assumed. tomers’ expectations. finds this information through today, it’s how the purchasing Customers, not retailers, are in customer’s transaction history as experience makes the customer today’s driving seat. they want to well as online profiles. || ©2010 Customer InsIght group, InC. ph: 303.422.9758 www.CustomerInsIghtgroup.Com
  • 2. For instance, when the customer customers by gathering and company to hire well-trained ana- receives e-mail about a new line analyzing data about them. that lysts, then significantly beefing up of sandals, she is directed to a includes who they are and how its marketing departments to help landing page that displays the often, what and when they buy. translate the data into effective sandals that come in her size and programs. this information can come not width. Additionally, every e-mail that’s where strategic marketing only from a study of behaviors, includes is a link to a page where but also local demographics: firms can help make the differ- the customer can edit her profile. ence between a successful loyalty Are you in a high-income It relies on a similar e-mail cam- program and one that fails to area? paign for its nine west brand. achieve the business objectives. One heavily populated the company’s carefully analyzed the statistics loyalty marketers by seniors? messages show their customers know how to find will keep com- open, read and act on the com- Families? panies from searching in the pany’s e-mail and mail messages Singles with lots of dark to find successful strate- at rates as much as four times disposable income? gies. since it’s their business, higher than the industry average, marketers invest heavily to target your marketing toward the said nine west’s multi-channel ensure that their databases are demographic that already fre- marketing vice president. always up to speed or ahead quents your store. of the game. A Directmag.com Petco In addition, find out what moti- survey showed that most mar- petco knows not just its cus- vates your customers to buy from keters spend nearly $250,000 tomers, but also their pets, a one retailer over another, and to upgrade their databases. the necessity in a business in which what type of customer you want reason? more and more compa- the shopper’s focus is not on to attract: nies are investing in customer- himself, but his loyal companion. Is it the recognition and sta- centric programs to improve busi- It considers the special needs of tus often awarded to bigger ness performance. customers who have youthful and spenders, such as the points once a retailer creates and aging pets, and advertises prod- accumulated by frequent flyers? implements a program, the ucts and services to suit those Are you searching for value- need for such data doesn’t go pets’ life stages. minded, time-conscious shop- away. Best Buy, for instance, pers who need discounts and/ is continually researching its During one of its successful or convenience to lure them to customers’ satisfaction and efforts, it tracked customers who a particular company? using that information to tweak purchased small animals such as fish, snakes, birds and rep- Or do you want your business its program in the areas that tiles, and sent them postcards to draw customers based on research shows it’s flagging. In related to the specific pet they the quality of its products and 2004, it revamped its already purchased. the response rate to superior service? successful loyalty program. the this mailing was an astounding Your business objective will influ- changes were not dramatic, 15 percent. ence the data requirements and but carefully planned to deliver how the data is collected. maximum effect. getting there the intricacies involved in this It offered buyers more options takes work. kind of data analysis exceed most for cashing in on their rewards First, and most critically, the retailers’ abilities. Collecting the and gave its highest spenders business must get to know its right data likely will require a exclusive soft benefits. It made || ©2010 Customer InsIght group, InC. ph: 303.422.9758 www.CustomerInsIghtgroup.Com
  • 3. in-office changes as well that cut through online reward Zone customers than win new ones. error rates in tracking the use of certificates. not only was this A loyal customer is worth more, certificates and lowered postage change beneficial to members, shops more often and spends costs. As a result, enrollment in but it also allowed Best Buy to more money than an infrequent or one-time buyer. Additionally, happy customers relay their expe- A l o yA l c u s t o m e r i s w o r t h m o r e , s h o p s m o r e o f t e n riences to friends, a trusted and And spends more money thAn An infrequent or invaluable referral system. one-time buyer. show them you’ve got what they – as individuals – need so they won’t even consider seeking it its reward Zone program more employ more environmental elsewhere. make it easy and than doubled, and Best Buy cut friendly practices while again natural for them to come to you, $2 million from its postage costs. cutting program costs. every time. In 2009, the successful elec- shifting to a customer-centric using this approach, customers tronics retailer offered customers marketing is a worthwhile invest- become not advertising targets, even more options by introducing ment. Consider this: It’s up to five but partners in your successful increased security and safety times cheaper to keep existing business. sAllie burnett c u s t o m e r i n s i g h t g r o u p, i n c . strategist. leader. innovator. Customer Insight Group is a strategic With over 20 years’ experience in marketing company that uses customer strategic marketing, sales management information to help its clients engage in and customer relationship management, successful and profitable long-term rela- Customer Insight Group founder Sallie tionships with each and every customer. Burnett has built her vanguard reputation It provides marketing strategy, customer by crafting solid customer-centric strate- research, data analysis, program devel- gies that drive bottom-line success for opment, implementation and refinement her clients. Renowned for her out-of-the- of customer-centric programs including: Sallie Burnett box thinking and wealth of experience, loyalty, social media, customer engage- president, Ceo she’s been sought out by many of the ment, retention, win-back and new cus- Customer Insight group nation’s top companies to engage, keep tomer acquisition. twitter.com/sallieburnett and grow their customer relationships at every point along their customer relation- ship journey. Her insight results in better aligned sales, service and marketing, while generating the greatest return on investment based on the voice and value 671 Secrest Circle 1 of the customer. Arvada, CO 80007 ph: 303.422.9758 www.customerinsightgroup.com info@customerinsightgroup.com Customer relationships — engage.Keep.grow. twitter.com/internethowto || ©2010 Customer InsIght group, InC. ph: 303.422.9758 www.CustomerInsIghtgroup.Com