How You Should Engage At These 7 Points In The Customer Lifecycle
Here’s how Fran Horowitz-Bonadies, chief executive officer, Abercrombie brand/Hollister & Co. describes consumer communication in 2017:
“For the past year, we spoke to one-and-a-half million consumers on what they are looking for in their shopping experience… There’s been almost a 180-degree turn on making sure we keep the customer at the center of everything we do. It’s been [our] most important singular focus…”
But, it’s not only about keeping customers at the center of your communication and engagement strategies. Research findings from thousands of hours of VoC research conducted by our firm, ERDM, indicate that customers want unprecedented levels of personalization at 7 very specific points in their lifecycle with a brand. Think about how savvy customers are to identify the following points where they want brands to engage;
- Reach out when you see Decreasing Engagement
- A Poor Experience
- Surprise & Delight / Thank You
- Value Added Cross Selling
- Value Added Repeat Sales.
However, to deepen relationships at these key points, brands must shift to truly relevant and value-driven communications. Per the research, traditional transaction / persona / implicit data based communications are not viewed as relevant.
Using the 7 VoC research-based lifecycle points, here are ways that marketers can add value to communications.
New Purchases and Onboarding—You Need to Become Part of the Consumers’ Lifestyle
Bacardi Limited Chief Marketing Officer Mauricio Vergara recently noted:
“We need to get our brands back into culture, so we’re moving away from a traditional marketing model of talking to consumers to really being part of their lifestyle…If we are true to that philosophy of being part of their lifestyle, a brand that they actually relate to in their day-to-day life, we cannot just be present in the high-selling moments… It’s been a learning process…but we’re definitely seeing the payback.”
When You See Decreasing Engagement/Poor Experiences – You Need to Understand How to Win Back Trust
V. Kumar, a marketing professor at Georgia State University outlined in a Harvard Business Review article, the key factors marketers need to keep in mind when attempting to win back lost consumers, “Too many companies go after whoever they’ve lost, throwing all these offers at them, hoping something will work,” Instead what he recommends is fully understanding which group of lost consumers will yield the best bet to come back and not depart again, then crafting an offer or message that is compelling to that segment.
Here is what the study advises: “firms will be more efficient if they focus on people whose prior behavior suggests a predisposition to return. The researchers found that customers who have referred others, who have never complained, or who have had complaints that were satisfactorily resolved are the best bets. Reasons for leaving are also predictive: Customers who canceled because of price are more likely to come back than those who left because of poor service, and people who cited both reasons for quitting are the least likely of all to return.”
For Cross Selling/Thank You/Repeat Sales – Use Value Added and Emotional Engagement to Strengthen Connections
Recently, Yeti — a manufacturer of coolers used primarily for outdoor and camping pursuits — decided to open their first retail location. But, rather than building a transaction based store, the brand decided they wanted an experiential, emotional, connection-building brand immersion. The brand noted, the goal was less to “find a way to sell a lot of coolers to people who come inside and more to create a permanent brand activation that allows people to interact with Yeti in ways that they’ll hopefully take with them in the future.”
Corey Maynard, Yeti’s Vice President of Marketing explains “It’s meant to be much more of an immersive Yeti experience…than it is to be a transactional space… Yes, we’re selling coolers…but it was much more important to us that people could have fun with the Yeti brand and see it brought to life …than just be a place that’s driven by transaction.” Tony Kaplan, YETI Director of Consumer Experience “YETI’s flagship is not a typical retail store… [it is an] authentic experience that allows our customers to interact with the YETI brand in a whole new way.”
In summary, think about the 7 stages in the lifecycle which emerged from the research and see how many opportunities exist for you to deepen your relationships with customers!
Originally posted on ERDM Corp.
Ernan Roman is President of ERDM Corp. ERDM conducts specialized VoC research to identify CX strategies that generate significant increases in revenue. Clients include IBM, MassMutual, Gilt, QVC, HP, Microsoft and Norton AntiVirus. His influential blog Ernan’s Insights on Marketing Best Practices appears in Forbes, Huffington Post, CMO.com, CustomerThink, CRMC and Business2Community. Named by the Online Marketing Institute as one of the Top 40 Digital Luminaries and by Crain’s B to B Magazine as one of the 100 most influential people in Business Marketing.