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The Loyalty Divide: Brands Don't Offer Loyalty. Consumers Grant It; An Acxiom POV
1.
© 2013 Acxiom
Corporation. All Rights Reserved. © 2013 Acxiom Corporation. All Rights Reserved. Brands Don’t Offer Loyalty. Consumers Grant It. THE LOYALTY DIVIDE
2.
© 2013 Acxiom
Corporation. All Rights Reserved. WHAT IS A MARKETER TO DO?? 2
3.
© 2013 Acxiom
Corporation. All Rights Reserved. THE LOYALTY DIVIDE 3 Most marketers know what they need to do! But, they struggle to do it
4.
© 2013 Acxiom
Corporation. All Rights Reserved. CRM AND SOCIAL DATA DISCONNECT 4
5.
© 2013 Acxiom
Corporation. All Rights Reserved. INFLUENCERS ARE BEING IGNORED 5 94% of marketers don’t use Influencer Scores as part of segmentation and measurement…
6.
© 2013 Acxiom
Corporation. All Rights Reserved. NPS IS BEING UNDERUSED 6 89% of marketers don’t use Net Promoter Scores as part of segmentation and measurement…
7.
© 2013 Acxiom
Corporation. All Rights Reserved. HOLISTIC ‘CUSTOMER LTV’ LAGS AS MEASURE 7 Nearly half of marketers use Customer LTV when segmenting marketing offers…. But still, many marketers use purchase history as the primary customer measurement for messaging mix…
8.
© 2013 Acxiom
Corporation. All Rights Reserved. AND, NEW CUSTOMERS DON’T GET TREATED DIFFERENTLY 8 63% of marketers always or frequently treat new customers the same when choosing advertising media
9.
© 2013 Acxiom
Corporation. All Rights Reserved. SMALL NUMBER OF BRANDS HAVE DISCOUNT PRICING AT CORE 9 7% of marketers have “everyday low prices” as part of their core brand message…
10.
© 2013 Acxiom
Corporation. All Rights Reserved. YET, INDISCRIMINATE USE OF PRICING FOR MANY BRANDS 10 But, 40% of marketers always/frequently use pricing discounts for promotions…
11.
© 2013 Acxiom
Corporation. All Rights Reserved. HOW TO CLOSE THE LOYALTY DIVIDE • MULTIDIMENSIONAL INSIGHT • No one signal consistently describes or predicts consumer behavior • Refine across all relevant signals • INSIDE OUT Activate and refine insights to know your best customers. Spend more on cultivating relationships with them. Use what you have learned to identify prospects who think, look, and act like your best customers. 11
12.
© 2013 Acxiom
Corporation. All Rights Reserved. HOW TO CLOSE THE LOYALTY DIVIDE • OUTSIDE IN Collect online data about customers – touches from outside the brand. Use it to optimize all media • TRUST & TRANSPARENCY Just because you can, doesn’t mean you should. Marketing should be for the customer not to the customers. Long-term trust rather than short-term reward. 12
13.
© 2013 Acxiom
Corporation. All Rights Reserved. DELIGHTING CUSTOMERS PROMISES HIGH RETURNS 13 Acxiom client experience
14.
© 2013 Acxiom
Corporation. All Rights Reserved. “THE LOYALTY DIVIDE” 14 Read the full report to understand how brands can utilize all customer touch-points across the enterprise to build trust. Download it here.
15.
© 2013 Acxiom
Corporation. All Rights Reserved. © 2013 Acxiom Corporation. All Rights Reserved. Any questions? Thank you.
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