Infographic: Cost of Unhappy Customers

Unhappy customers are more influential than you may think. American business lost $537 billion due to unhappy customers. The good news is that there are many tools out there that will help you use data to build a loyal and happy customerbase. Before we get to that, take a look at the infographic: Source:¬†http://www.entrepreneur.com/article/234603 Download the Loyalty Cookbook to understand how you can use the power of Big Data to…

Getting Repeat Sales With Big data

Entrepreneur.com wrote an excellent article on getting more sales by using the power of big data. In today’s competitive world, getting that first sale isn’t enough. You want repeat sales in order to get loyal customers and beat your competition. And getting that second sale, at times, turns out to be more difficult than getting the first one. The author talks about three ways to use big data to drive…

Why do businesses with great customer service succeed?

– they realize that great customer services translates into customer loyalty – they know it costs more to get new customers than it does to keep existing customers – they know customers are more likely to talk about bad service than good service – They know customers spend more at companies that have great customer service Below is a great infographic, by KISSmetrics, that gives lots of information and statistics…

What does it mean to be customer centric? – An infographic

What’s the difference between a business that is customer focused and one that is customer centric? A customer-focused business prides itself on maintaining a great customer experience whereas a customer centric business looks at the lifetime value of a customer and focuses marketing efforts on the high-value customer segment to drive revenue. Here are some quick tips on how to become a customer centric business: Analyze customer data to identify…

How do manufacturers fit into omni-channel marketing

With advancing technology and shifting customer behaviour the multi-channel environment is evolving into omni-channel marketing. Ensuring that consumers get a seamless consumer experience no matter what channel they are using is a challenge that retailers are starting to address by implementing omni-channel strategies across their organizations. How do manufacturers fall into this strategy? Is omni-channel something that manufacturers should be concerned with? Considering how intertwined manufacturers and retailers are they…

Customer behaviour in the omni-channel age – An infographic

The advent of smart phones and tablets has changed how people shop. It has blurred the lines between the offline and online worlds. Omni-channel marketing means that consumers are now browsing aisles in stores while reading online reviews on their smartphones before making a purchase. They are starting a transaction on their smartphones and finishing it on a computer. Customers are more aware than ever, when making a purchase they’ve…