Currency Alliance

MAY 21, 2017

Most consumers belong to many customer loyalty programs, but are not active in a lot of them. So they lose interest in participating, and most of those loyalty cards end up in a drawer rather than the wallet. Fragmentation of customer loyalty programs doesn’t benefit merchants much, either.

Loyalty Programs 40

Loyalty Programs Loyalty Airlines Hotels 40

Thematic

DECEMBER 5, 2018

Think customer loyalty programs are all about getting generic discounts, points and rewards? Today, it’s more about offering customers something as personalized as possible, so that they feel truly special. What is customer retention? Why is customer retention important? Think again.

Customer Retention 96

Customer Retention Analytics Data Strategy 96

Currency Alliance

NOVEMBER 21, 2016

Most consumers belong to many customer loyalty programs, but are not active in a lot of them. So they lose interest in participating, and most of those loyalty cards end up in a drawer rather than the wallet. Fragmentation of customer loyalty programs doesn’t benefit merchants much, either.

Loyalty Programs 40

Loyalty Programs Loyalty Airlines Hotels 40

Retently

APRIL 5, 2024

A memorable retail customer experience leads to higher satisfaction, repeat business, and word-of-mouth recommendations. Today’s consumers might browse products online before purchasing in-store or use their smartphones to compare prices while shopping at a physical location.

Retail 78

Retail Engagement Strategy Customer Experience 78

ShepHyken

FEBRUARY 25, 2024

I love the first topic, which is how customers have been frustrated with getting caught in the phone menu. This short article hits some of the high points of why creating obsessed customers is a good strategy. Making the program attractive and valuable to your customers is key. Of course, there’s more to this article.

Customer Service 63

Customer Service Average Handle Time Net Promoter Score Loyalty Programs 63

ProProfs Chat

JUNE 21, 2019

Do you have a customer retention strategy? Companies focus on customer acquisition strategies, since increasing your customer count is the lifeblood of your business. But, customer acquisition won’t help, if you are unable to retain customers. Discounts, free shipping, and loyalty points rule the list.

Customer Retention 63

Customer Retention Strategy How To Case Study 63

TechSee

MAY 19, 2021

Companies have invested in their customer service function to differentiate and personalize their brand and improve overall operational efficiency. consumers required assistance during the pandemic. One popular customer service technology trend is to introduce Robotic Process Automation (RPA).

Technology 159

Technology Self Service Customer Service Competitive Advantage 159

ProProfs Chat

FEBRUARY 13, 2020

Efforts to retain customers, help you formulate effective loyalty programs that your customers enjoy being a part of. Let’s take a look at customer loyalty statistics and observe the various ways that help a business improve and boost customer loyalty. Benefits of Improving Customer Loyalty.

Loyalty 109

Loyalty Loyalty Programs Social Media Retail 109

Optimove

OCTOBER 5, 2023

For the second consecutive year, our survey reveals a spine-tingling trend: marketers are directing a disproportionate share of their budgets towards costly acquisition marketing , while the crucial retention efforts are left in the shadows. In contrast, only 13% have opted to invest over half of their budget in customer retention.

Marketing 119

Marketing Survey B2C Loyalty 119

SurveySensum

AUGUST 1, 2023

How to Leverage Customer Feedback to Build Customer Loyalty? 7 Best Practices for Building Customer Loyalty in Retail? And according to the research study conducted by Harvard Business School, The Economics of E-Loyalty , increasing customer retention rates by 5% increases profits by 25% to 95%.

Retail 52

Retail Loyalty Connections Loyalty Programs 52

SurveySparrow

JANUARY 14, 2020

Because there are plenty of options for your customers and a small slip from your side can make them leave you. This is why you need to have a customer retention plan in place. The importance of customer retention cannot be explained in one or two sentences. What is customer retention? Saves money.

Customer Retention 52

Customer Retention Gamification Feedback Loyalty Programs 52

ShepHyken

OCTOBER 29, 2023

Why Experiential Rewards Are Winning Over Customers: 5 Stellar Examples by Peter Vogel (The Wise Marketer) In today’s highly competitive business environment, brands are constantly searching for innovative ways to engage and retain their customers. My Comment: I’m a fan of rewards and loyalty programs for a reason.

Customer Service 67

Customer Service Loyalty Programs Ecommerce Loyalty 67

SurveyGizmo

NOVEMBER 4, 2021

Brand loyalty took a nosedive during the pandemic with 75% of consumers trying a new shopping behavior since COVID started. During the pandemic, consumers vented their need for novelty by ordering new toothpaste, a different cereal, or engaging in a fully new routine. Why Loyalty Matters. Why Consumers Switch.

Loyalty 95

Loyalty Brands eBook Loyalty Programs 95

ShepHyken

DECEMBER 26, 2022

A major retailer’s plans to expand, highly personalized apps, and more will give us an overall view of trends happening in retail. Beyond Discounts: The New Rules for Today’s Top Loyalty Programs by Charlie Casey. My Comment: If you think that customer loyalty programs are about discounts and points, think again.

Loyalty Programs 65

Loyalty Programs Customer Service Self Service Retail 65

Alida

APRIL 19, 2017

How retailers are bucking the trend. But in order to reinvigorate sales, the retail industry needs to reimagine the customer experience —and it needs to do so quickly. One way companies are bucking the trend is by driving costs down. 87 percent of retailers are now prioritizing customer retention over revenue.

Retail 173

Retail Company Sports Fashion 173

SmartMessage Blog

JULY 20, 2023

Statistics state that it is more profitable to keep current customers compared to acquiring new ones. According to expressanalytics, customer retention costs up to 6 times less than acquisition. Keeping customers loyal is critical for financial success and a reliable brand image. What Factors Affect Customer Loyalty?

Loyalty 52

Loyalty Management Loyalty Programs Competitive Advantage 52

GetFeedback

DECEMBER 21, 2018

Learn about the top two customer surveys for predicting and increasing customer retention. Anytime a customer cuts ties, you experience the negative impact of customer churn. Here are 40 customer retention statistics that reinforce the growing need for customer experience management.

Customer Retention 390

Customer Retention Net Promoter Score Poor Customer Service B2B 390

ShepHyken

OCTOBER 13, 2017

That’s what your loyalty program should do. – Shep Hyken. Even more interesting is the trend over the last few years as major companies go analog after having built up a successful business 100% online. It’s all just a part of consumer demand, and customers still demand the in-store experience.

Customer Centricity 74

Customer Centricity Loyalty Loyalty Programs Rewards Programs 74

Lumoa

JANUARY 19, 2023

Your team must be skilled in market research and analysis, be the voice of your consumers, and be the driving force behind change and the elimination of pain points. They also monitor customer behavior and trends in order to inform product decisions and track changes in customer sentiment over time.

Customer Experience 236

Customer Experience Net Promoter Score How To Customer Journeys 236

SmartMessage Blog

JULY 13, 2023

Statistics state that it is more profitable to keep current customers compared to acquiring new ones. According to expressanalytics, customer retention costs up to 6 times less than acquisition. Keeping customers loyal is critical for financial success and a reliable brand image. What Factors Affect Customer Loyalty?

Loyalty 40

Loyalty Management Loyalty Programs Competitive Advantage 40

SmartKarrot

OCTOBER 13, 2023

Retaining those customers for the long haul is equally, if not more, essential. A high customer retention rate is a testament to a company’s customer-centric approach, resulting in increased profits, positive word-of-mouth, and enhanced brand reputation. Loyalty Programs: Rewards are universal motivators.

Customer Retention 10

Customer Retention Strategy Loyalty Programs Customer Centricity 10

ShepHyken

AUGUST 28, 2020

From sanitizing stores daily to limiting the number of consumers at a moment and creating visual markers to ensure social distancing, retailers are taking all necessary measures to ensure the safety of their staff and customers against the virus. The best part is contactless payments are not limited to cards.

Retail 121

Retail Customer Experience Technology Consumers 121

Beyond Philosophy

JUNE 11, 2015

…just how jaded and seeking for social interaction have customers become, in their relationships with vendors and their loyalty and engagement programs, that experiences need to always be fun and inclusive? This example is consistent with some overall gamification trends.

Gamification 60

Gamification Loyalty Programs Loyalty Consumers 60

Ecrion

SEPTEMBER 3, 2020

SMS or text messaging is an easy and low-cost way to engage with customers. You can use text campaigns to send visual elements, respond to customer inquiries, send reminders, updates, and information about loyalty programs. Push notifications have proven to boost app engagement and customer retention.

Customer Engagement 98

Customer Engagement Engagement Social Media Touchpoint 98

SurveySensum

JULY 13, 2023

Understand your customer’s expectations regarding personalized offers, rewards, loyalty programs, and customer service – these are important factors when it comes to customer retention. Touchpoints Post-purchase services, customer support, loyalty programs. Yes But how to do that?

Retail 52

Retail Survey Tools Customer Experience 52

SurveySensum

JULY 13, 2023

Understand your customer’s expectations regarding personalized offers, rewards, loyalty programs, and customer service – these are important factors when it comes to customer retention. Touchpoints Post-purchase services, customer support, loyalty programs. Yes But how to do that?

Retail 52

Retail Survey Tools Customer Experience 52

BirdEye

MARCH 24, 2023

A sound strategy will allow you to identify, incubate, and execute new business development concepts that lead to innovation, new partnerships, and better relationships with new and existing customers. They need to be able to analyze data, identify trends and opportunities, and create plans to achieve their targets.

Return on Investment 98

Return on Investment Social Media Sales Metrics 98

SmartMessage Blog

JULY 26, 2023

Psychographic Segmentation Unlike demographic segmentation, psychographic segmentation focuses more on subjective and deeper aspects of consumers’ personalities and motivations. By implementing effective segmentation, brands can send targeted messages and offer customized products and solutions. Validating segmentation.

Strategy 40

Strategy Marketing Customer Satisfaction CRM 40

Retently

APRIL 18, 2024

This leads to higher response rates and more accurate feedback, making it easier for customers to take the surveys without any inconvenience. Think of NPS as a simple way to ask customers, “On a scale from 0 to 10, how likely are you to recommend our service or product to friends or family?”. What’s NPS All About?

NPS 78

NPS Survey Net Promoter Score Effort Score 78

delighted

JUNE 30, 2022

In fact, according to Nielsen , 92% of consumers say they trust earned media (i.e. Here are the broader reasons why referral programs can be such an effective growth strategy for your business. Types of referral programs. Friendbuy helps brands get more out of every customer. Emma loves telling people’s stories.

Sales 79

Sales Net Promoter Score Loyalty Programs Ecommerce 79

ECXO

MARCH 24, 2024

The Impact of Hyper-Personalization on Customer Experience Hyper-personalization, powered by AI, has a profound impact on customer experience. By creating a personalized journey for each customer, brands can enhance customer engagement, build stronger relationships, increase customer retention, and improve customer satisfaction.

Customer Experience 52

Customer Experience Social Media Analysis Loyalty 52

BirdEye

NOVEMBER 29, 2023

The digital era has revolutionized how customers discover and purchase furniture. From the latest trends shaping the industry to practical tips on enhancing your brand and the essential tips and tools to amplify your reach – this blog equips you with strategic steps to elevate your furniture store marketing.

Trends 57

Trends Tips Tools Marketing 57

SurveySensum

JULY 6, 2023

You’re a savvy marketer at Reliance Trends. You’ve poured your heart and soul into creating captivating marketing campaigns, investing substantial resources in driving customer acquisition. Yet, despite these efforts, you notice a decrease in sales and declining customer loyalty. It’s disheartening, right?

Customer Satisfaction 52

Customer Satisfaction Retail Tips Marketing 52

SurveySensum

JULY 6, 2023

You’re a savvy marketer at Reliance Trends. You’ve poured your heart and soul into creating captivating marketing campaigns, investing substantial resources in driving customer acquisition. Yet, despite these efforts, you notice a decrease in sales and declining customer loyalty. It’s disheartening, right?

Customer Satisfaction 52

Customer Satisfaction Retail Tips Marketing 52

ProProfs Chat

DECEMBER 12, 2019

what customers want, . The best way to do this is by reading customer retention statistics, and that’s what we have carefully curated in this blog. Here are 50+ customer retention stats that’ll give you insight into a customer’s mind. Why Customers Leave? Why Customers Come Back?

Customer Retention 88

Customer Retention Loyalty Programs Social Media Loyalty 88

Oracle

FEBRUARY 13, 2019

And as retail trends continue to evolve in 2019, so do customer loyalty trends and programs. We’ve complied a preview of the report below, and to check out all 7 loyalty predictions for 2019, view the full report. Customer loyalty trend #1: Loyalty programs will reward for customer advocacy.

Trends 95

Trends Loyalty Loyalty Programs Retail 95

Currency Alliance

JANUARY 22, 2020

Every CEO waxes lyrical about the importance of loyalty. Every CFO knows a loyal customer is many times more profitable than others. And yet, many loyalty programs are run like barnacles on the side of a business: battling for budget, rather than being nurtured as the core way to engage customers via every channel and touchpoint.

Loyalty 40

Loyalty Brands Loyalty Programs Rewards Programs 40