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Have you seen How To SELL Anything?

This incredible sales handbook distils an expert's lifetime of sales and marketing experience and hands it to you on a platter, in a simple, easy-to-follow format. With existing customers being the most valuable source of income for any business, this book will teach you how to increase your return business and make more profit from your most loyal customers - and even how to reduce the costs of dealing with your least profitable customers.

Get it on Amazon (Kindle/Print)
 

Brand loyalty is far from dead - it's just more complicated

More ways brands can earn the loyalty of the customer

Contrary to the perception of many retailers, 83% of consumers consider themselves about the same or more loyal to brands than their parents, with nearly 30% of Millennials reported being more brand loyal than their parents - the highest percentage among all demographics - according to the 2018 Retail Trends Report from customer experience (CX) intelligence firm InMoment.

The 2018 Retail Trends Report surveyed 1,300 U.S. consumers, and found that those who considered themselves less loyal than their parents cited more choices (54%), with 37% saying it was because they have more information.

But choice and education cut both ways: for consumers who felt they were more loyal than mom and dad, 42% said it's due to doing more research and having first-hand experience, with 35% saying its because they have a larger variety of choices. The message to retailers: be transparent with information, and ensure what you have to offer has unique and compelling value for your customers.

When asked to describe their style of loyalty, consumers reported the following:

According to Andrew Park, senior director of customer experience strategy at InMoment, these findings reveal a complex and varied definition of loyalty that brands must understand and respect if they hope to build high-value relationships. "The holiday shopping season provides a great opportunity for retailers to begin building genuine relationships with their new and existing customers that last far beyond December. The brands that stand out during the holiday shopping frenzy are the ones that have been listening to and collecting authentic and direct feedback from customers all year and use this feedback to inform experiences their customers desire most. Whether it's as complex as a popular e-retailer opening a holiday pop-up store or as simple as offering layaway options, when customers recognise they're a priority and co-creators of a brand's reputation and value, they"re much more likely to be and stay loyal for the long haul."

The full report with all of the findings has been made available for free download from InMoment's web site, here: http://get.inmoment.com/2018-cx-retail-trends


Sources: InMoment /
The Marketing Factbook.
Copyright © 2019 - 2026 The Marketing Factbook.

    Categorised as:

  • Customer Experience
  • Customer Loyalty
  • Knowing The Customer
  • Marketing Know-How

Have you seen How To SELL Anything?

This incredible sales handbook distils an expert's lifetime of sales and marketing experience and hands it to you on a platter, in a simple, easy-to-follow format.

With existing customers being the most valuable source of income for any business, this book will teach you how to increase your return business and make more profit from your most loyal customers - and even how to reduce the costs of dealing with your least profitable customers.

You'll learn to sell yourself, sell your products, and sell your brand on the internet, writing high-conversion landing pages, social media posts, and more. You'll start attracting customers you didn’t even know existed, and learn the top trade secrets for customer retention.

You'll become a lean, mean selling machine. See how the experts do it and learn to adapt what they've done for your own profit. You'll learn to write strong, powerful, effective sales copy, whether it's for a sales script, sales letter, flyer, insert, advert or just about anything else.

You'll learn how to sell whether you're selling by telephone, by mail, or even meeting prospects face-to-face. You'll find out how to size them up, present yourself, nail down their true needs, close the sale, and learn to tackle the tricky ones.

You'll discover the biggest secrets of successful direct mail sellers, sales letter writers, and how to segment and choose the right prospects for each campaign.

Get it on Amazon (Kindle/Print)
 
Copyright © 2001-2026 Peter J. Clark