9 Tips to increase the base of Loyal Customers - PowerPoint PPT Presentation

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9 Tips to increase the base of Loyal Customers

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When customers trust your brand. This indicates that they are loyal to your brand. Reason of using the marketing strategies is to attract new prospects for the growth of a business. – PowerPoint PPT presentation

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Title: 9 Tips to increase the base of Loyal Customers


1
9 Easy Steps to increase the base of Loyal
Customers
2
Introduction
  • No one can deny the importance of using the
    marketing strategies to attract new prospects as
    they are vital for the expansion of a business.
  • However, more important is sustenance in any
    field and for that nothing can beat the magnitude
    of customer advocacy and repeat business.
  • That is why companies are lately giving more
    stress on improving customer loyalty and are
    ready to adopt strategies that can drive customer
    loyalty.

3
Understanding Customer Loyalty Its Emotional
Connection
  • When customers favor your brand over the other,
    it indicates that they are loyal to your brand.
  • This behavior and attitude from the customer are
    generated when you succeed in making an emotional
    connection with them through quality customer
    experience and smart marketing approach.
  • Only a satisfied customer can remain loyal to
    your brand whether it is a product or service or
    both.
  • Familiarity with the brand can be one reason why
    people remain loyal and it is because your brand
    has managed to earn a good image in the eyes of
    the customers.
  • A company that fulfills all its corporate social
    responsibilities succeeds in gaining a soft
    corner in the heart of the customer thereby
    stimulating long years of association (loyalty).

4
Why Is Customer Loyalty So Important?
  • The marketing figures put forth by the Gartner
    Group suggest that 20 of existing customers
    produce around 80 of the profit for the company.
  • It means that even if a company does not succeed
    in attracting new customers, the existing
    customers can still ensure that the company
    reaches its target.
  • And a happy customer who continues to purchase
    your product also recommends it to others thereby
    automatically generating a flow of new buyers for
    your brand.
  • More often the purchasing decisions are driven by
    emotions.

5
  • The first-time purchase is always a practical
    decision.
  • However, when a particular business transaction
    is successful, it generates customer loyalty.
  • Happiness is the driving factor and hence every
    business house must ensure that they maintain
    this level of satisfaction and happiness and
    stop the possibilities of deterioration in this
    relationship.
  • Here are a few emotions or states of mind and
    situations that play a key role in driving
    customer loyalty

6
Gratitude And Appreciation
  • Both gratitude and appreciation go hand-in-hand.
  • Whenever customers feel grateful they become
    loyal to your brand.
  • Making the customers feel appreciated and
    important leads to a feeling of gratefulness
    which ultimately enhances their trust in your
    product.

7
Comfort Level
  • Although this directly does not make an emotional
    connection, it does influence a customers
    decision whether to buy your product again.
  • Whenever customers are comfortable with the brand
    image of your product they will positively think
    of buying it.
  • It is quite common for people to use a recognized
    brand knowing that it can be safer than the other
    unrecognized or unidentified ones in the market.
  • A customer is reluctant to come out of his
    comfort zone and try out something new.
  • And this does not hold true only for big
    businesses.
  • Nowadays, the smaller businesses having stronger
    impact and ties with the local community can
    outperform even the larger businesses in their
    particular area as these customers are more
    comfortable with their local/regional product.

8
Standing Out With Surprising Factor
  • Who does not like surprises?
  • If you want to ensure that your business stands
    out from the crowd then you can use the
    surprise factor.
  • It is one way of being different and getting an
    edge in the stiff competition.
  • When customers expect you to come out with
    regular surprises, they will continue to purchase
    your product with the hope to get benefited by
    your surprise bonus or incentive one day or the
    other.
  • Importantly, it will also ensure that your brand
    messages never go stale.

9
A Sense Of Belonging
  • When people feel that they are a part of your
    business, they are less likely to swap your brand
    for the other one in the market.
  • Your marketing/customer support approach should
    be such that people feel as if they belong to
    your company or community.
  • Including them in the ideas or festivities is one
    of the greatest ways to increase customer loyalty
    and also to stand out from the competitors.

10
Mending The Imperfections
  • All the businesses try very hard to ensure that
    there are no imperfections in their product,
    marketing strategies, delivery or customer
    support service.
  • Despite working out the curves of your business,
    at times things do go wrong.
  • You will still have common issues such as a
    missed deadline or wrongly shipped order or any
    other thing leading to an unpleasant experience
    for the customer.
  • Although customers do want everything to go out
    smoothly for them, they can still understand such
    imperfections and continue to remain loyal to
    your brand if you respond to them, apologize or
    try to rectify the mistake.
  • Providing the customers immediate relief from
    their worries due to lapse on your part goes a
    long way in encouraging customer loyalty.
  • In any case the shipment is running late you can
    send an apologetic mail or make a personal phone
    call and provide a detailed explanation to the
    customers.

11
Easy Access
  • When customers have an easy access to your
    customer support desk they feel more confident
    about your product.
  • That is why you need to ensure that your customer
    service is easily approachable and responds
    immediately.
  • Having supportive, polite and expert front-line
    employees goes a long way in generating customer
    loyalty.

12
Personalized Customer Service
  • Whenever you call the customers by their names,
    it generates positive vibes.
  • The customers feel happy and are glad that you
    remember them and are encouraged to return.
  • The customer service agents can easily make use
    of the latest software to generate the
    personalized information/purchase history of the
    customers and communicate with them accordingly.

13
Make Your Customers Feel Welcomed
  • It is very difficult for the agents to keep the
    same vibrancy, enthusiasm, and joy every time
    they pick up a call or address a customer issue
    face-to-face.
  • But it certainly makes a lot of difference.
  • A welcome approach always encourages the
    customers to come back again with their queries
    and issues, and these can be many times related
    to their interest in their new product.
  • If the customers do not feel comfortable while
    conversing with your customer support team, they
    may drop the idea of buying your product again.

14
Thanking Customers
  • Whether it is an online or an offline
    transaction, ensure that your front-line team
    does not forget to thank the customers for each
    opportunity.
  • Some companies have made it a tradition to
    especially thank their customers with a bouquet
    or a box of sweets on their purchase.
  • It is a good strategy which can influence the
    decision of the customers when they are planning
    to buy another product.
  • When you make the customers feel valued,
    important, it appeals to their pride and they
    will never think of going to another company.

15
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16
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