Remove Consumers Remove Loyalty Programs Remove Touchpoint
article thumbnail

Customer Loyalty: Experiences that Increase Retention

InMoment XI

Positive customer experiences give rise to six distinct types of loyalty. Happy customers Price-loyal Convenience-loyal Loyal-to-freebies Loyal-to-loyalty program Truly loyal Happy customers have never had reason to complain. If you’re easy to find, contact, and buy from, they’ll become long-term consumers.

Loyalty 195
article thumbnail

Building a Better Loyalty Program (and the Reward for Getting It Right)

BlueOcean

Salesforce research says consumers like us belong to 4.3 loyalty programs on average. If, for example, you’re a member of Nordstrom’s loyalty program, Nordy Club, you’re among a group of customers who are likely to spend three to five times more than non-members, and are consequently driving two-thirds of Nordstrom’s sales.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Power of Customer Behavior Analysis

InMoment XI

Furthermore, when researching a brand or product, most consumers prefer to do their own research rather than speak to a human. Knowing these consumer behaviors and how they relate to your business can significantly impact your overall business performance. Consumer Trends Report. ( [link] ). References HubSpot.

Analysis 195
article thumbnail

5 Simple Steps Retailers Can Take to Build Stronger Relationships with Customers

InMoment XI

While this may be true in some markets, many consumers are willing to pay more if they feel the price matches the product’s quality. Step #5: Loyalty Programs. Loyalty programs are a great way to incentivize customers to visit your store more frequently. The data generated by loyalty programs is also very valuable.

Retail 370
article thumbnail

Customer Experience in Banking: A Guide to Improve Trust & Satisfaction

InMoment XI

From visiting your physical branch to paying an electricity bill through your app, each interaction with a touchpoint contributes to a customer’s perception of your business. Introduce loyalty programs to reward long-term customers for their continued use of your banking services. Implement CX initiatives in phases.

Banking 195
article thumbnail

Growth vs. Customer Experience: A Dilemma?

ECXO

Modern consumers have grown accustomed to seamless, tailored, and instant interactions, whether theyre ordering coffee, streaming their favorite show, or scheduling a service. Whats more, the COVID-19 pandemic accelerated this shift, as companies adopted digital tools and reimagined customer touchpoints to remain relevant.

article thumbnail

Voice of Customer Analysis to Improve Customer Loyalty and Retention

InMoment XI

Their feedback across various touchpoints on the customer journey will highlight how you can better retain similar customers. Voice of the Customer analysis is emerging as a key consumer trend for 2025 and is poised for continued growth in the years ahead. Positive word of mouth helps you attract prospects away from your competitors.