BRIANWOOLF.COM
 
  Welcome     Marketing & Loyalty     Speaking & Connecting     Brian's View     Books by Brian     Marketing Studies     Contact Us  
 
 

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)
 

Most consumers will share data with trusted brands

A study of UK and German consumers by Teradata and Celebrus Technologies has found that 63% of consumers across every age group like to receive individualised communications and more than half (57%) are happy to share personal information with brands.

The majority of consumers like to receive individual, personalised offers. Some 44% of UK consumers and 50% of 18-24 year olds across both the UK and Germany said that they would purchase from a brand again in response to a positive experience. Interestingly however, in Germany the percentage of consumers that would purchase again drops to 28%.

Making offers more individualised through personalisation also has a measurable impact on revenue, with over 36% of consumers purchasing from that brand again and 27% recommending the brand to family and friends.

While German consumers may be reticent to react to positive experiences, they also tend to be more forgiving of mistakes, with only 17% saying they would not purchase from that brand again, compared to 36% of UK consumers.

Attitudes were much closer however when it came to unsubscribing from a brand's communications following a poor experience, with 32% of German consumers saying they would take this action compared to 35% of UK consumers.

The research also highlighted some clear trends emerging in the types of data that consumers are willing to share, with age and gender being happily shared by the vast majority. Consumers are willing to share information in order to improve the quality of experience, with over half (57%) of consumers happy to share more specific information such as personal preferences - dress size or favourite holiday location - with brands.

The research revealed mixed messages from an increasingly brand-aware consumer base: whilst they recognise the demands from brands for information and the reasons for wanting that data to improve the customer experience, they have valid concerns regarding data privacy. Privacy is a particularly key concern for Germans, with 29% saying that they clear cookies daily and the majority being unhappy with data being shared with third parties. However, with 36% of respondents wanting a brand to know their contact details without having to re-enter them, it is clear that customer expectations are contradictory.

A clear message from the research is that consumers want control over the way that brands interact with them. They want control of the channel - with most preferring to receive promotional material via email; control over time - wanting brands to know and recognise them, not demand the same information constantly; as well as having control over their data.

Other key findings from the report:

"It is clear from the research that consumers are more likely to interact with those brands who treat customers as individuals and get it right. Such treatment improves their experience, therefore they are more likely to buy from the brand again and recommend them to friends," said Ruth Gordon, director of digital marketing for Teradata International. "It is also clear that when done badly, consumers would move to a competitor or share their poor experience, negatively impacting sales and brand reputation. In addition, consumers need to feel in control and brands must ensure that personalised experiences comply with customer preferences."

"The research has highlighted some interesting viewpoints and differences in opinion between the UK and Germany. In order to persuade consumers to part with more 'sensitive' information, brands must build trust, act sensitively with the information that consumers have shared, and treat each customer as an individual," concluded added Katharine Hulls, VP marketing for Celebrus Technologies. "In order to enable brands to deliver the quality of experience expected by the customer, brands must combine detailed customer behaviour across all touch-points with customer preferences, and using insight and analytics to make every communication and interaction relevant to the consumer. Those that get it right will reap considerable rewards."


Sources: Teradata; Celebrus Technologies /
The Marketing Factbook.
Copyright © 2015 - 2025 The Marketing Factbook.

    Categorised as:

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

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 © 2001-2025 Peter J. Clark