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Showing posts with the label Customer Retention

Empowering Customers With Convenience Drives Customer Retention!

Hyper-connectivity and increasingly busy lifestyles emphasise a new differentiator in the sphere of customer retention, namely convenience. Globally, international consumers now want convenience at each and every stage of shopping, as well as brand engagement with services or products. Empowering your consumers with convenient access to the retail experience will yield rich dividends for your business. Quick urbanisation and changes in households are also impacting consumers internationally. By 2025, 53% of the Asian-Pacific region’s population will be residing in urban areas and well-developed countries like the United States are already urbanised. In a fast-paced, frenetic urban lifestyle, research shows consumers seek products that make life easier and are convenient to use. The Need for Convenience Culture, location, market maturity, circumstances and technology are key influences driving companies towards convenience. Convenient solutions tailored to different nich...

Optimize A Simple Newsletter for Better Customer Retention!

While the digital publishing and content creation industry is evolving, one thing remains constant and that is the power of email newsletters. Considerable research shows email newsletters are one of the most valuable and versatile channels for marketing out there. Emails can be used at the different stages of the sales conversion funnel, targeting a wide range of target buyers and purchase requirements. HubSpot research specifically shows that 34.3% of B2B players and 14% of B2C publishers use subscriber lists to drive revenue. An even bigger percentage – 64.6% among B2B and 48% among B2C publishers – also rely on newsletter sponsorships for monetisation. Newsletter optimization is something your business cannot afford to ignore, if it wants to retain customers. Always Test Headlines Sending multiple versions of the same newsletter will help your brand to see what performs better. A/B or split testing allows message iterations consistently and helps you to channel awa...

Why There are no Shortcuts to Proper Customer Retention in 2019!

There’s a business saying that it costs five times more to acquire a customer rather than retain an existing one. The reality is there are a number of complicating factors, but in general, it costs more to bring customers in, rather than keep them, and combined with the classic Pareto principle, it explains the value of customer retention. With 80% of sales coming from 20% of the customers, a simple game plan for profits should definitely incorporate retention. But what research often does not tell you is that retaining customers is harder than it looks. Customer loyalty is all about engagement. This, in turn, requires communicating constant relevant value. People only appreciate products with great benefits when you take the trouble of appreciating and valuing them. Winning Mindshare or Wallet-share? The reason retention is so tough can be put down to the difficulties of attaining both mind and wallet share. Typical customers see more than 10K marketing messages ...

Customer Retention Techniques Used by Microsoft and Apple.

Customer retention remains integral to the phenomenal success experienced by Apple and Microsoft, two of the leading brands in the corporate ecosystem. On critical metrics like customer satisfaction and client retention, Microsoft and Apple have key competitors like Google running around for answers. Results from the   Collaborative for Customer-Based Execution and Strategy study gave shown Microsoft beats Google hollow on overall customer satisfaction among B2B corporate entities. Further, Apple is showing record gains and it is counted as one of the fastest growing brands because it innovates effortlessly and retains existing customers thereby. Researchers have sought to understand the extent to which customer satisfaction is associated with outcomes like customer loyalty, financial performance, willingness to recommend and pricing power. Specifically, client retention receives a boost when various systems are in order. This includes product or service quality, prici...