Customer retention is helpful in gaining customer loyalty and trust. Read this customer retention guide by OmnePresent Technologies to get a better idea of how to implement these tools.
2. www.omnepresent.com
Customer Retention Strategy
â—Ź Customer retention is the act of getting
more customers to stay loyal to your
brand or business
● Customer doesn’t owe you his/her
loyalty, you have to earn it
â—Ź Having an effective customer retention
strategy, gives you ability to turn one
time customers into loyal, repeat
purchasers that buy more, more often
● It’s easy to retain customers than
acquire new ones
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Why?
â—Ź The primary objective of marketing
is to keep customers engaged and
interested in products and services
â—Ź For growing a sustainable business,
customer retention is incredibly
important
â—Ź It plays a relatively major role in
helping a company grow a healthy
bottom line
â—Ź It boosts profitability while
encouraging repeated business
which drives a sustainable long term
business model
4. www.omnepresent.com
Customer Retention Tool- Loyalty Program
â—Ź It is best for stores with repeat
purchasability
â—Ź A loyalty program is the best way
to boost customer retention
â—Ź When a customer is given
additional value (like points,
discounts, coupons) for shopping
at your store, it becomes much
more difficult to choose a
competitor for their next purchase
5. www.omnepresent.com
Customer Retention Tool-Gamification
â—Ź It is best for those companies
whose target customers are young
audience
â—Ź Now a days application of game
mechanics is not just limited for
mobile apps and video games
â—Ź With gamification you can
encourage customers to complete
actions by making it more enjoyable
â—Ź It will help you to stand out of
competition
6. www.omnepresent.com
Customer Retention Tool- Personalization
â—Ź It helps to increase customer retention
through more relevant and tailored
experiences with the brand
â—Ź Collect information about your customers
which you can use later to make
recommendations and tailor promotions to
each customers individual needs
â—Ź A easy way to use it, is through email
â—Ź You can mark emails with personalizations
such as name and company with email
service providers
â—Ź When customer is addressed by name with
content they care about, they will be much
more loyal to your brand, store
7. www.omnepresent.com
Customer Retention Tool- Support System
â—Ź You can't create a tribe of loyal customers
without an exceptional support system
which keeps them coming back
â—Ź The first benefit of support systems is that
it provides service and satisfaction to
customer
â—Ź It allows you to address and resolve
customer issues and conflicts quickly and
efficiently
â—Ź You can use help desk or live chat to
engage customers in real time
â—Ź Customer connections lead to retention!
8. www.omnepresent.com
Customer Retention Tool- CRM
â—Ź CRM-Customer Relationship Management
â—Ź It is a backbone of a complete customer
retention strategy
â—Ź A CRM tool is used in addition with other
tools on this list to provide customer
retention strategy
â—Ź With CRM you can provide an amazing
customer experience by keeping track of
their entire journey at one place
â—Ź You can also track which customers have
earned points in your loyalty program or
which customers have received which
badges with your gamification tactics
9. www.omnepresent.com
Conclusion
â—Ź Companies that focus on customer
retention will be more profitable and
more sustainable than those focused on
always acquiring new customers
â—Ź This strategy is a leading indicator of
consumer repurchase intentions and
loyalty
â—Ź It reduces customer churn and adds
point of differentiation
â—Ź It increases customer lifetime value and
also reduces negative word of mouth