Tag Archives: marketing

Three Types Of Customers

I saw the results of a survey by the folks at SAP a couple of weeks ago and have been meaning to write about it as we hit prime shopping time for the holidays.  They announced results from the Customer Journey Poll, a survey aimed toward helping organizations improve their understanding of customer happiness and encourage brand loyalty.  They polled more than 3,000 Americans, ages 18 and older, to gain insight into what makes customers loyal to a particular brand.  What they found is interesting, albeit not very surprising.

They uncovered three very interesting personas that they claim definitely did not exist 10 years ago:

SAP found three distinct personas that surfaced from the poll data: The “virtuous” customer who patronizes companies that have values to which he or she relates; the “invested” customer, who loves to interact with companies and often seeks guidance and information; and the “ignored” customer, whose inquiries about a product or service sometimes get delayed or ignored. By understanding which customer falls into which persona, brands will have the ability to deliver content that customers consider most important and, in turn, improve overall engagement.

First is the Ignored Consumer:

While email is the most popular way cited to communicate with companies, nearly half of respondents (48 percent) reported problems with delayed or no email responses.  These customers… likely wouldn’t continue to patronize a company that cuts them off.

No kidding.  But how many of us are guilty of creating exactly that group among our customer base?  On the other side of the fence is the Virtuous Customer:

Virtuous customers are those who repeatedly buy from companies they deem to have values similar to theirs. Poll data showed that shared values was cited by 30 percent of Americans as a reason to stay loyal to a brand, making it one of the top three reasons for loyalty. Seventy-five percent said the product/service itself spurred loyalty, while 41 percent cited discounts/offers.

Finally, there are Invested Customers:

Invested customers are the ones who love to interact with companies. Fifty-four percent of respondents said they’d either like or might like (depending on the company) to be offered help via chat or phone before they even ask for it. A whopping 80 percent would either like or might like to be kept up to date on new products.

Interesting.  Just as there are different types of customers there are different methods with which to engage them.  It’s increasingly important that we not offer up one-size-fits-all solutions and focus on reaching each segment in a manner that addresses their loyalty hot buttons.

Worth some thinking?

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Filed under Consulting

Disconnecting On The Phone

A report this morning from Kitewheel got my attention this morning. They “examined the current breakthroughs and breakdowns in engagement with today’s connected consumer.” The results aren’t very encouraging to those of us who like to think we’re in touch with the expectations of our consumer base

They hired some folks to survey consumers and marketing decision makers with respect to consumer expectation around experience and brand execution.  A few key findings:

  • 76% of consumers use mobile devices to compare prices and read reviews while shopping, yet 51% of marketers are not currently managing mobile apps as a consumer touch point.
  • 55% of consumers state frustrations in downloading an app that offers no functional difference from a business’ website.
  • 68% of consumer respondents expect a response to tweets directed at a brand, and one in three expect a response within 24 hours. Yet 45% of marketers state it is unlikely that their company can respond to every one of these social media opportunities.
  • 73% believe that loyalty programs should be a way for brands to show consumers how loyal they are to them as a customer; but 66% of marketers still see it the other way around.

In other words, we’re disconnected from those who access our brands via their phones.  We look at loyalty programs as consumers putting their hands in the air to show they love us.  They want them to be ways in which we show how much we love them.  Doesn’t sound like the basis for a happy relationship.

Five areas of disconnect were discovered including: mobile, social media, real-time e-commerce, omni-channel capability and brand loyalty.  Every one of those five has become far more important over the last decade and yet it seems as if many marketers are living in 1999.  As the study says, the overall journey of today’s consumer is frequently a broken one, with significant misalignment between consumer expectations and brand execution.  We need to think about how to fix that misalignment and do so quickly.  You agree?

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Filed under Consulting, Huh?

Look Through The Windshield

Today’s wake up call comes from the good folks at Hubspot.  They do a report each year on their area of expertise which is inbound marketing.  What the heck is that?  Well, you’re sort of reading some now, since the screed is not just a way for me to blow excess verbiage out of my system but also a way for people who might need some help with their business to see how I think and where I can help.  Company blogs (yes, I’m a company) are a form as are corporate social media and SEO.  Inbound marketing is just a fancy way to describe content companies put out there to attract the right customers and to generate leads.

Hubspot’s report – The 2014 State of Inbound Report reviews how companies are using this marketing form.  It contains the aforementioned wakeup call as they discuss measuring ROI – return on investment of those activities:

Given the compounding benefits of measuring ROI, you’d assume most marketers would list it as their top initiative. Surprisingly, very few marketers — even marketing leadership — are prioritizing it. Only 15% of marketers ranked “proving the ROI of our marketing activities” as their #1 marketing priority and a little over half (53%) of marketers we surveyed are measuring ROI.

Yikes.  Almost half aren’t even attempting to figure out if what they’re doing is providing them with the desired results.  Marketers should have a clear way to measure success otherwise how can they allocate resources in a manner that maximizes the benefits of their marketing efforts?

I wish I could say I’m surprised but I’m not.  The “newness” of new media seems to obfuscate the fact that part of the benefit of digital is that it is highly measurable.  It’s not just knowing for the sake of knowing either.  As the report says, marketers that measure ROI are 12X more likely to generate a greater return year-over-year than a lower return. In other words, simply the act of measuring ROI correlates with positive results. 

You wouldn’t drive a car without looking through the windshield.  Not measuring the results of, and return from, your marketing or any other business activity is doing just that.  While driverless cars may almost be here, business activities will never become that way.  If we don’t look out the windshield we’re heading for a wreck.  Thoughts?

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Filed under Consulting, digital media