Successful marketing strategies use awareness, reach and loyalty to drive sales. The ability to do this effectively in today’s highly competitive digital environment is becoming increasingly difficult. Customer attitudes have changed and loyalty is less important, especially among younger generations.
Shoppers have become accustomed to online shopping and the rapid expansion of digitalization has made it easy to compare value, often while shopping with you. With a bigger, better deal at every turn, staying relevant requires innovative strategies that differentiate you from competitors and enhance your value to your customers.
Sustaining a competitive advantage through differentiation will ultimately translate into greater customer loyalty. Set up your operation to better serve customers and empower partners and employees to deliver greater value and an exceptional customer experience at all touchpoints. Effective engagement of employees and partners is essential to delivering a successful customer experience and can make or break customer loyalty.
While effective, memberships, incentives and loyalty programs can be difficult to manage across all channels and may even damage loyalty when expectations are high and implementation is low. Technology solutions can be used to monitor marketing events, track costs and analyze performance to ensure these investments are driving growth and not just adding cost.