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Customer retention in the telecom industry – new thinking

TechSee

To reduce churn and improve loyalty, telcos are utilizing a number of strategies: Loyalty programs. When Verizon restructured its operation in April 2019, one of its first actions was to merge its wireless and wireline customer loyalty programs in order to expand reward possibilities for customers.

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Experiential retailing is the next big thing in activewear

Alida

No matter how innovative offline retail tactics may seem, ROI is hardly guaranteed. To see significant ROI from experiential retailing, retailers must first develop a deep understanding of the consumers they want to reach. Using customer intelligence to improve the in-store experience.

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The New Loyalty – Measuring Brand Stickiness (part 3 of 3)

ENGAGE.cx

Part 3 – Operationalizing Stickiness…Loyalty’s Holy Grail. Click to download The New Loyalty 3 part series. We’ve learned in the earlier posts that if you’re continuing to invest in traditional loyalty programs, you’re spending money on outdated techniques and, worse yet, you may be losing more customers than you gain.

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7 proven ways to measure brand equity

Qualtrics

Don’t forget to read our ultimate guide to brand awareness available free to download now. It relates to ROI operational data that tells you if your effort (e.g. Customer responses back to communication call to actions - for example, signing up to an email list, joining a loyalty program. Download Now.

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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. For a time, banks hoped that third-party CLO providers would help banks achieve their loyalty goals.

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How to Improve Customer Retention

InMoment XI

You get a greater return on your investment (ROI) from repeat customers than trying to acquire a first-time customer Even though only 12% to 15% of customers are loyal to a single retailer, they represent between 55% to 70% of the retailer’s sales. Calculating the Value of Customer Retention Using Customer Lifetime Value (CLV).

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The Customer Journey Checklist

Kitewheel

Driving real loyalty is more than just customer service, marketing, sales, or even loyalty programs. The experience across the whole brand impacts the loyalty process, solving challenges like disconnected customer service, poor web action completion, or failure to find an item. Audit your Data and Technology.