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Loyalty
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Written by Sandeep Mittal
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Thursday, 26 August 2010 |
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Most customer loyalty programs hinge around 2 broad ‘reward’ elements – discounts to their members and/or loyalty points that accrue over time and may be redeemed for rewards.
Discount – typically given on the spot; a % off on the retail price Points – giveback to the member as a % of the retail price; they accrue over time and are then redeemed for rewards
What works better and when? Here are 8 attributes to look at:
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Analytics
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Written by Geeta Zankar
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Thursday, 26 August 2010 |
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Analytics
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Written by Mala Raj
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Wednesday, 02 June 2010 |
 Go beyond the obvious value/volume and frequency as parameters for segmenting your customer base. Dig deeper to find more meaningful and insightful attributes that help you target new and interesting customer segments and communicate with them relevantly. |
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Analytics
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Written by Sandeep Mittal
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Wednesday, 02 June 2010 |
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Having looked at many many datasets across all kinds of industries, we've found that when it comes to creating useful Customer Segments for the manager concerned with retention and LTV things seem to follow a pattern. Yes, many more exotic segments do exist but here's our top 7 most used (and useful) customer segments you should track! |
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Marketing
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Written by Mala Raj
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Saturday, 03 October 2009 |
The Power of Word of MouthHow many times have we thought of consulting someone when making an 'involved' purchase? "Involved" does not necessarily mean expensive; "Involved" is where the customer is taking an active, conscious and deliberately thought-out decision when making a purchase; Certainly, most often when the item in question is expensive - but also, equally, when the item is of great interest and criticality to him/her. From computers and hi-tech equipment to the latest restaurant in town to a new branded food item or skin cosmetic that has come into the market to a decision on a financial investment instrument or the service at the salon round the corner - yes, word-of-mouth plays a crucial role. There is a vast difference in credibility between a brand claiming something in its advertisements versus its customers spontaneously endorsing the same benefits. How many marketers allocate a share of their marketing budgets to 'word-of-mouth' development? Worth thinking about. Its one thing to satisfy your customers - its another to get them to actually voice their satisfaction to others! Social Media Marketing, here we come..... |
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