6 Customer Loyalty Tactics to Increase Retention and Acquisition

Modern Marketing

However, an estimated 44% of brands focus on acquisition rather than retention. Acquisition strategies often include investment in expensive advertising, marketing materials, events, and social and email marketing. Loyalty is the answer. ” Customer Loyalty

5 Loyalty Best Practices for Subscription Companies

Modern Marketing

Engaging loyalty programs can help you acquire and retain customers, create personalized experiences , and increase your customer lifetime value. Here are some best practices to follow to ensure your subscription business is making the most out of its loyalty program.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Capturing the Loyalty of the Skeptical Consumer

Modern Marketing

CrowdTwist recently conducted research into consumer attitudes towards loyalty programs, brand engagement, emerging technologies, and shopping experiences. However, the research finds that engaging, omnichannel loyalty programs are valuable to consumers. ” Customer Loyalty

Why Your B2B Company Needs a Loyalty Program

Modern Marketing

Loyalty initiatives have been traditionally considered a better fit in the B2C rather than B2B space. With long, complex sales cycles and buyers that aren’t as responsive to discounts and coupons, many B2B marketers have rejected the concept of loyalty programs.

How Travel Brands Can Improve Acquisition, Retention and Loyalty

Martech Advisor

What does it take to not only attract new customers in the increasingly competitive travel space, but also to retain these customers and nurture them along the path to loyalty? Learn More: Building the Perfect Travel Site Starts with Your CMS. Acquisition. Loyalty.

New Forrester Research: B2B Should Use B2C Customer Loyalty Principles

Influitive

For years, B2B marketers have largely viewed B2C loyalty tactics as irrelevant in their space. That’s why B2B marketers can’t afford to overlook the opportunity to learn from their B2C counterparts, who are experts at driving customer loyalty. And Forrester’s latest research report, B2B Loyalty, The B2C Way , outlines practical ways B2B marketers can apply B2C principles to deepen relationships and engagement. Deepen engagement to lock in loyalty.

Building Customer Loyalty: How and Why to Value Brand Loyalists

Content Standard

” For all the work you’ve done towards building customer loyalty, there suddenly seems to be a chasm between the likes and shares on one hand, and the behavior that ends with a conversion for your brand on the other. Defining Loyalty. Encouraging Loyalty.

6 Easy Ways to Build Social Proof and Incorporate It into Your Website

Single Grain

So how can companies make sure that people trust them enough to not only make a purchase, but build relationships and positive brand associations? 1) Know the Major Types of Social Proof to Build. Building a referral program is another way to build social proof and increase conversions.

[UPDATE] 7 Customer Loyalty Programs That Actually Add Value

Hubspot

And if you’re like 65% of marketers, your company has implemented a loyalty program. But is your loyalty program working? It’s time for marketers to look beyond convoluted rewards systems and offer actual value to customers using their loyalty program.

5 Social Media Customer Acquisition Strategies That Can Never Go Wrong

Biznology

This can lead to repeat sales and customer loyalty, especially since consumers don’t forget when a brand provides them with freebies. You can build a solid reputation that’s vital for growth.

3 Ways Intent Data Helps Lower Customer Acquisition Costs

Aberdeen

These stats are sending marketers in every industry on a mission to improve customer service, implement more innovative loyalty programs, and maintain stronger relationships with accounts following a purchase. It leads to a lot of trial and error and higher acquisition costs.

Retention that Drives Revenue: 5 Tips for Customer Loyalty Programs

Marketing Action

Customer loyalty programs are a great way to boost sales and revenue. According to Forrester Research , loyalty programs today are doing much more than driving more purchases and bigger profits. There are many different types of loyalty programs.

Top Furniture Customer Acquisition Strategies to Boost Sales and Brand Loyalty

V12 Data

Top Furniture Customer Acquisition Strategies to Boost Sales and Brand Loyalty. Consumers shop across multiple channels, have little brand loyalty, and a staggering 81% have already done extensive research on-line before they even step into your store. As a trusted partner to leading furniture brands, here’s a look at top acquisition and retention strategies used by V12’s clients today. Furniture shopping has never been more complex – and neither has furniture selling.

How to earn customer loyalty in the age of chat

Biznology

As any observer of Super Bowl Sunday knows, brands put a great deal of effort and expense into customer acquisition strategies. Beyond added revenue, a loyal customer benefits a business in another, equally crucial way: he/she will help build and defend your reputation.

15 Effective Ways to Reduce Cost Per Acquisition

PureB2B

Cost per acquisition (CPA) refers to the amount of marketing or advertising money spent to convert or acquire leads who click on your site or respond to your call to action (CTA). Here are a few best practices you can implement to reduce your acquisition costs in your PPC marketing campaigns.

Why You Should Be Using Video to Strengthen Employee Engagement and Loyalty

Vidyard

But it’s a challenge to create an engaging environment and build brand loyalty with your employees, so why bother? Engaged employees really can drive success in all areas of your business, including talent acquisition, sales, and customer and public relations.

Tracking the Top CDP Acquisitions of 2019: Implications for Marketers

Martech Advisor

Martech product companies are looking to build out complete platforms to provide comprehensive solutions. What are the recent acquisitions in the CDP space and how do they impact marketers? 2019 saw plenty of new launches as well as acquisitions in the CDP space.

How Francis Ford Coppola’s Rewards Program Connects Customers Across the Entire Brand Portfolio

Modern Marketing

The Francis Ford Coppola family of brands, which includes wineries, restaurants, resorts, and cafes made the investment in loyalty to unify its brands and reward customers for spending and engaging across all touchpoints. ” Customer Loyalty

[case study] Retail QSR (Quick Service Restaurant) Achieves 500% ROI with Email Acquisition Solution

V12 Data

[case study] Retail QSR (Quick Service Restaurant) Achieves 500% ROI with Email Acquisition Solution. Boost up the participation of their Brand Loyalty program nationwide. Test concept: Build a multi channel brand awareness program along with an offer strategy to support “sign-ups” to the loyalty program within a few key markets. Measure Loyalty sign ups vs. control. Click here to contact us and learn more about V12’s Email Acquisition solutions.

Customer Lifecycle Metrics, Part 5: Retention and Expansion

Act-On

In a recent report from Gleanster and Act-On, Rethinking the Role of Marketing , the survey results showed that that the best performing marketing teams are the ones that take full control of the customer lifecycle – going beyond awareness and acquisition to extend their focus to conversion, retention, and expansion. The research shows that the top performing teams spend more time and resources on building engagement with their existing customers than marketers at average companies.

“Better Customer Journey Analytics are Critical,” says Red Cross Loyalty Lead

ERDM

Article by Ernan Roman Featured on CustomerThink.com Andrew George is the Lead for Loyalty and Retention at the Canadian Red Cross. He spent the last 3 years focused on customer experience initiatives and analysis and customer journey discovery.

7 Customer Loyalty Programs That Actually Add Value

Hubspot

If you’re like 65% of marketers, your company has implemented a loyalty program. According to the 2011 Colloquy Customer Loyalty Census , of the $48 billion worth of perceived value in reward points and miles distributed by American businesses annually, one-third goes unredeemed by consumers. It’s time for marketers to look beyond convoluted rewards systems and offer actual value to customers using their loyalty program. For them, loyalty happen organically.

5 Ways to Re-Engage Those Long-Lost Customers

Single Grain

Zero loyalty. Re-engagement allows you to build on past momentum instead of just needing to start over, so it should be a high priority on all brands’ to do lists. The Customer Acquisition Playbook: Email & In-Person Outreach. How to Build a Facebook Ad Funnel.

Advocacy Marketing Part 2: Building Your Plan in 5 Steps

Marketing Action

and provide some nuts and bolts that will help you build a solid advocacy marketing strategy. 5 steps to building an advocacy marketing program. Lower lead acquisition costs. Advocacy & Loyalty Welcome to part deux of our 2-part series on advocacy marketing.

Plan 85

Wikigains Shows 10 Ways To Use Vouchers To Encourage Repeat Business and Build a Brand

Altitude Branding

While offering good deals frequently can encourage repeat business and drive customer loyalty, using them haphazardly can harm your brand image. Here are 10 effective ways you can use to drive customer loyalty, conversions and acquisitions.

How to Master a Different Kind of Marketing Funnel

Contently

Two things happen when you focus on retention, whether you’re building software and looking at users or building an audience and looking at readers,” said Jay Acunzo, founder of Marketing Showrunners. Strategy loyalty onboarding retention

Funnel 131

The Paradigm Shift of the Acquisition Model: The Best Customers Are the Ones That Last a Lifetime

Marketo

Author: Matt Zilli Companies spend the majority of their marketing budgets on customer acquisition, but once acquired, those hard-won customers tend to languish. In the great nurturing versus acquisition debate, it’s largely about metrics.

An M&A Integration Checklist for Professional Services Firms that Puts Your People First

Hinge Marketing

Post merger or acquisition, most leaders are focused on the quantifiable steps of the integration such as cutting costs and streamlining efficiencies. If you are undergoing a merger or acquisition, you’re in a bubbling cauldron of change. Any Industry Mergers and Acquisitions Strategy

How Amazon Spun Its Whole Foods Acquisition into a Marketing Opportunity

Content Standard

Brick-and-mortar retail plays an undeniable role in that strategy, especially when it comes to building an infrastructure able to provide for a wider range of consumer needs.

Give Good EX To Get Great CX

Heinz Marketing

Broadly speaking, there are a couple dynamics common to B2B organizations that make customer experience so elusive: An over-reliance on this quarter’s new customer acquisition as the core to revenue generation. By Maria Geokezas , VP of Client Services at Heinz Marketing.

New Mover Marketing: The Untapped Opportunity that Will Transform Your Customer Acquisition

V12 Data

Moving impacts brand loyalty; movers are far more likely to switch brands than non-movers. Premover+: includes both Premover and Premover Under Contract data with additional elements available such as building details including square footage of home and lot, year of home, dwelling unit and new construction indicator.

How to Ensure ‘Customer Success’ Isn’t Just Another Overused Term

Measure Up Marketing

For prospective customers, strategic account plans focus on acquisition of the customer. At a minimum your customer success initiative should contribute to a business outcome associated with loyalty and be tied to customer value.

How Belly Aligned Marketing and Sales to Build a Successful Inbound Sales Organization

Ignite Tech

It was founded in 2011 as a technology company focused on enhancing customer loyalty for small and medium-sized businesses, like coffee shops, retailers and dry cleaners. Since building this lead scoring and management system, the close rate per sales representative has increased 30%.

How to Use Live Streaming Video to Build Your Brand

Vidyard

One of the concepts behind building a strong brand is that, when brands and consumers come together, something “cool” happens: they create a powerful experience where both of their needs are met. And in return, customers develop love and loyalty (and advocacy!)

Video 102

The Power of Social Shopping on Instagram (and How to Sell More in 2019)

Single Grain

Influencer marketing is 10X more effective than affiliate marketing in online customer acquisition. Since Instagrammers seek out peer recommendations and trust them, it’s no wonder that brands work with influencers to build brand awareness, increase brand loyalty and boost e-commerce sales.

Building Your Content Marketing Team? 14 Skills for New, Growing, and Mature Programs

Content Marketing Institute

However, as I prioritized what skills are needed first and reflected on my experiences with building companies, I realized many companies start with someone who has a basic knowledge of each of these skills, but as the companies grow, they need in-depth knowledge in each of these areas.

Build 105

How customer retention strategies create the ultimate competitive advantage

Heinz Marketing

With 51% of B2B customers citing they will avoid vendors after a bad customer experience , it’s easy to understand why many executives want to focus on their customer loyalty strategy. Customer Retention vs Customer Acquisition. It’s about building human connections by listening for the customer’s underlying emotions. Customer Retention & Loyalty customer experience Customer loyalty customer retention