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Next-Generation Loyalty Marketing (for experts)

Currency Alliance

Loyalty programs must evolve to keep customers engaged. Every business needs a loyalty strategy, but not every business needs a loyalty points program. Points are just an excuse to start a dialog with customers, keep score, and enable an economy based on an incentives currency.

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Customer retention analytics: 5 strategies to reduce churn with data

Thematic

Think customer loyalty programs are all about getting generic discounts, points and rewards? Examples of diagnostic analytics include churn reason analysis and customer health score analysis. Some cost too much to deliver revenue, so you’ll know if you want to focus your efforts on. Think again. Outcome Analytics.

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Avoid This Customer Service Mistake with Matt Dixon

Kustomer

In a study they conducted, they found that many companies fall short when it comes to delivering a low-effort experience for their customers because they don’t have the right tools to make the agent’s job easier. This was a multi-year, probably 10 year plus research effort. For Matt Dixon, data drives success at Tethr.

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A to Z Guide to Customer Experience Definitions and Terms (Updated)

Lumoa

Customer Effort Score (CES) Customer Effort Score (CES) is a customer experience metric used to measure customer effort and customer satisfaction. In the context of customer experience, customer engagement is an essential element in creating strong customer relationships and customer loyalty. .

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Consumer banking: money can’t buy loyalty

Currency Alliance

The smart ones kept a loyalty strategy even if they eliminated the points, but some foolishly acted as though their rewards program was their loyalty strategy – and threw the baby out with the bath water. in 2017[vii]. Granted, such efforts have underpinned the early successes of neobank startups.

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Why Customer Engagement will Never be the Same

SurveySparrow

If we look back in 2017 , 28% of the SMBs used to spend only 3-5 hours on social media marketing, 27% spend less than 1 hour! . Building an engaged customer base requires internal effort. Brands that understand this change and putting efforts to offer a great customer experience are thriving amid this uncertainty.

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Podcast: Stop Trying to Delight Your Customers with Matt Dixon

Kustomer

His research determined that extra efforts to go above and beyond for each customer didn’t pay off the way that companies expected. If the current strategies used to delight customers are flawed, what strategies work to create customer loyalty? This was a multi-year, probably 10 year plus research effort. Matt Dixon: (05:03).