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Topic: Customer loyalty


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In the News (Wed 23 Dec 09)

  
  Customer Retention and Customer Loyalty
Loyalty is demonstrated by the actions of the customer; customers can be very satisfied and still not be loyal.
Customer loyalty is the result of well-managed customer retention programs; customers who are targeted by a retention program demonstrate higher loyalty to a business.
Customer data and models based on this data can tell you which customers are most likely to respond and become loyal, no matter what kind of front-end marketing program you are running or how you "wrap it up" and present it to the customer.
www.drilling-down.com /Customer-Loyalty-more.htm   (822 words)

  
 Customer Loyalty Surveys - Survey
While customer satisfaction surveys typically incorporate some of the major components found in customer loyalty surveys (such as recommendation and repurchase intent), customer loyalty surveys differ in that they are specifically geared toward predicting customer behavior.
Companies that can successfully design and utilize a well-designed customer loyalty survey are often found to be the market leaders in their industry.
Some of the most common reasons we hear for initiating or continuing a customer loyalty survey program are that your company cannot seem to gain market share, customer retention and defection is becoming a major problem, or perhaps your industry's competitive landscape has changed.
www.polarismr.com /services1b_custloyalty.html   (385 words)

  
 Customer loyalty from Charter UK
Customer Loyalty takes most companies years to earn but can be easily damaged by one experience with negative service, flawed products or mismanaged customer relations.
Customer feedback can be used as a powerful tool to drive loyalty, initiate better strategies and increase sales.
The prioritisation of customer service projects is becoming more and more prevalent as companies realise that they must make customer loyalty and retention their top mission.
www.charter-uk.com /customer_loyalty.htm   (619 words)

  
 Customer Loyalty   (Site not responding. Last check: 2007-11-05)
Customer loyalty is so attractive because it costs more to obtain a new customer than to retain an existing one and this makes customer loyalty “the dominant key to business success” (Bhote, 31).
The customer must believe that the firm is treating them fairly and is concerned with their well-being.
Customers must be treated like assets and retaining these assets must be a top priority to increase their lifetime value.
www.cbt.wiu.edu /John_Drea/customer_loyalty.htm   (2619 words)

  
 customer loyalty - Hutchinson encyclopedia article about customer loyalty
Customer loyalty is a valuable commodity for companies, particularly those with high customer acquisition costs.
Companies must be careful to cultivate customer loyalty so that they can be assured that it is active loyalty to their product, rather than inertia, that is the motivation for repeat purchases.
This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.
encyclopedia.farlex.com /customer+loyalty   (207 words)

  
 Customer Loyalty Survey   (Site not responding. Last check: 2007-11-05)
Customer Loyalty-UK Everybody thinks of changing humanity - but nobody thinks of changing themselves " Customer loyalty, not customer satisfaction, should be the true objective of any company desiring to thrive in...
Customer Loyalty and Customer Relationship Management ( CRM) "Whoever is going to be successful in the next millennium is going to have to have a magic touch with the customer."...
Customer Loyalty Research Center provides customer loyalty research and consulting, employee loyalty research and consulting, and marketing research services to help your company manage strategic...
www.dollarmails.com /survey-3/customer-loyalty-survey.html   (715 words)

  
 Customer service consultant - Eric Fraterman Consulting   (Site not responding. Last check: 2007-11-05)
As a customer service consultant, I help clients get a better view of the needs of the customers they serve, and help align their organization to respond to these needs.
As an objective organizational catalyst, I ensure that the voice of the customer is properly captured and heard throughout the organization, so that business operations, people and supporting processes work together to deliver value.
The results are improved service, strengthened customer loyalty and retention, and increased employee commitment – altogether a sharper competitive edge.
www.customerfocusconsult.com   (232 words)

  
 Cultivating Customer Loyalty ...
Domino's Pizza chain estimates that a loyal customer is worth about $5000 over the 10-year life of a franchise; the Ford Motor Company has calculated that a loyal customer is worth $142,000 over their lifetime.
Loyalty Magic is Australian developed software that assists in running loyalty campaigns by analysing existing customer information and making it easy to produce highly targeted direct mail.
Customers will then be able to score loyalty points that could reward them with incentive gifts once they reach a certain threshold.
www.afsd.com.au /article/dsbm/dsbm6a.htm   (3165 words)

  
 Customer Loyalty
A satisfied customer doesn't mean they are loyal customers We traditionally overspend on new customers instead of developing loyal customers.
A Harvard Business Review study reported that 65-85% of customers who switched suppliers said they were satisfied or very satisfied with their former supplier.
Establish a customer focus group Invite some of your customers to come to a periodic meeting and provide incentives.
www.goexec.com /customer_loyalty.htm   (1170 words)

  
 Customer Loyalty
It is often thought that customer satisfaction & loyalty surveys are about getting information from your customers as to what you do well and what you could improve.
The real purpose of a customer satisfaction & loyalty survey is to keep the conversation going with your customers as to the value of your products/services and the skill with which you interact with them.
customers who have experienced problems but had them addressed quickly and efficiently are likely to become among your most loyal customers
www.mudvalley.co.uk /asp/customer_loyalty.asp   (358 words)

  
 Customer Loyalty - Forum Corporation
Shaping your customer' entire experience---every interaction, every touch---to provide an experience that stands out from the competition, is the most reliable source of lasting customer loyalty.
The customer's experience is overly-dependent on variables that can include the location visited, the time of day, or the service rep involved in the customer interaction.
Customers tend to be moderately satisfied, but their loyalty is fragile.
www.forum.com /customer_loyalty.aspx   (463 words)

  
 Welcome to The Loyalty Guide 2004! - The Wise Marketer's comprehensive report on customer loyalty, CRM, and retention ...
Leading loyalty practitioners are now putting as much energy into de-selecting their most unprofitable customers as they are putting into maximising the loyalty of their profitable ones.
The conclusions in The Loyalty Guide 2004 are based upon face-to-face and telephone discussions with leading customer marketing strategists, practitioners and researchers across the globe, backed up by the authors’ twenty years experience monitoring, advising and reporting on loyalty for blue-chip businesses around the world.
Robin was the editor of Customer Loyalty Today, the world's first subscription journal on customer loyalty, from its launch in 1993 and was the author of two editions of the best-selling Customer Loyalty Report in 1995 and 1997.
www.theloyaltyguide.com   (1172 words)

  
 CRM Business Strategy Planning Customer Loyalty
The Ideal Customer Experience: CRM that Meets the Needs of the Customer (ITtoolbox CRM) - The Ideal Customer Experience is a comprehensive, yet flexible framework for achieving customer loyalty.
Measuring Customer Loyalty (Valoris Abram Hawkes) - This white paper stresses the imporance of measuring customer loyalty and how it is a vital part of the management information needed to run any sucessful business.
Customer loyalty does not stem from clever stratagems to collect every conceivable piece of data from customers and then cross-sell them something they don't want, says Fred Reichheld, Boston-based Bain & Co. director emeritus and Bain fellow who has studied the topic.
www.crmassist.com /nav/t.asp?t=512&p=512&h1=512   (2677 words)

  
 Customer Loyalty Research and Analysis - Our Services - Brandirect
Brandirect Defection Analyses point to the reasons why customers take their business to the competition, which is the first step in preventing future defections.
To know what types of customers are leaving, why they are leaving and how much their loss is costing can help focus your company on keeping its most valuable customers.
Our on-line customer satisfaction tracking system is more accurate and projectable than focus groups, and typically more timely and cost-effective than other quantitative surveys.
www.brandirect.com /loyalty-research.php   (315 words)

  
 Customer Care Coach - Create Better Customer Experiences and Build Customer Loyalty
A customer loyalty expert and customer retention maven, JoAnna Brandi is publisher of the "Customer Care Coach®".
The Coach is a customer service training program for managers who intend to take their leadership skills to a higher level and to give their businesses a sustainable competitive edge in today's demanding experience economy.
There’s a powerful difference between customer service and customer care and you’ll learn all about it from me. I’ll teach you how unleash the power of caring in your organization so you’ll have happier customers, happier employees, bigger profits and a higher paying job.
www.customercarecoach.com   (758 words)

  
 Customer Loyalty Programs
Structured, comprehensive research programs are necessary to provide the data upon which to develop projects and initiatives to improve customer loyalty.
This survey research is the heart of a customer loyalty program, complemented by 1) occasional focused interviews to unearth the contextual data about process shortcomings, 2) complaint solicitation and 3) a robust service recovery program.
Instead, the research group, which was comprised of both current and prospective customers, found greater value in content-rich rewards, items that were not readily available that supplemented the educational service they were purchasing.
www.greatbrook.com /customer_loyalty.htm   (700 words)

  
 e-Business New Zealand e-Commerce Portal by iStart
The traditional loyalty model of points statements; hotlines for points balances and reward redemption enquiries is removed as this may all happen on the card or in the retail environment at point of sale.
Through the storage and analysis of customer and transactional information, retailers are able to identify their customer base and understand purchase behaviour, develop and strengthen relationships with key customer segments.
Customer Knowlogy™ uses Microstrategy™, a powerful intuitive tool that provides for varying levels of interaction to develop or deploy reports via an easy to use, pure-H TML web interface.
www.istart.co.nz /index/HM20/PC0/PV21875/EX231   (759 words)

  
 Customer Loyalty Marketing Survey   (Site not responding. Last check: 2007-11-05)
Improve customer satisfaction, customer loyalty and customer value with our customer centric services including customer surveys, product development strategies, branding strategies, marketing...
satisfaction surveys and customer loyalty surveys and their use in increasing response to marketing campaigns, including...
We customize each customer loyalty survey or study to meet your specific...
www.dollarmails.com /survey-3/customer-loyalty-marketing-survey.html   (717 words)

  
 theMarketingSite.com - Customer Loyalty Programs
Channel migration: Loyal customers who are familiar with your brand are much more likely to buy through alternative and multiple channels, increasing their total consumption and reducing your cost of doing business with them.
Customer database: In many companies, customer information is all over the place in different systems and used for different purposes.
The real danger for companies that use loyalty programs to attract business is that they generate increased expectations among their customers.
www.themarketingsite.com /live/content.php?Item_ID=4526   (784 words)

  
 Customer Loyalty - Saferpak.com
Customers are becoming ever more demanding, and in most markets they have more options to choose from than ever before.
Second are our current customers, who we maintain, but don't go out of our way for because we feel that their business is "safe".
JoAnna Brandi dispels the myth that "Loyalty is Dead"; moreover in companies that consciously and painstakingly set up processes and mechanisms for creating value for all of their stakeholders - customers, employees, stockholders, suppliers and communities, loyalty is alive and well, and rewarding them with profits and repeat business...
www.saferpak.com /csm_sat_loyal.htm   (1091 words)

  
 Customer Satisfaction and Online Surveys Services by Contact-101.com   (Site not responding. Last check: 2007-11-05)
Using customer satisfaction and online survey data that Contact 101 gathers from your prospects and/or customers, you will be able to keep your existing customers satisfied and simultaneously turn more prospects into paying customers.
Customer Satisfaction cannot be insured through guesswork or by just doing annual surveys.
Ultimately, customer satisfaction research of this type requires that you effectively interact with your customers and prospects in order to learn what they think of your business.
www.contact-101.com   (464 words)

  
 Loyalty on the Web (Alertbox)
In this study, on-time delivery was a key predictor of customer loyalty, with 96 percent of shoppers who received their order on time saying that they were "likely" or "very likely" to shop at the site again.
Even so, loyalty is still harder to get on the Web than in the real world: for example, a convenient location does not matter, and somebody who sets up a server somewhere in South Dakota can get word-of-mouth referrals from your former users world-wide in a matter of days.
Loyalty is enhanced if the site becomes more valuable to the user at each visit.
www.useit.com /alertbox/9708a.html   (1495 words)

  
 Search Results for Customer Loyalty - Encyclopædia Britannica
Dutch voters were so divided in their loyalties that the results of the national election left many wondering what kind of government The Netherlands would have.
Although business customer s are affected by the same cultural, social, personal, and psychological factors that influence consumer customer s, the business arena imposes other factors that can be even...
Customer service, marketing strategy, and product development are just some of the many responsibilities of marketing and advertising managers.
www.britannica.com /search?query=Customer%20Loyalty   (554 words)

  
 Strategize For Customer Loyalty!: Small Business Marketing - BusinessTown
When customers aren't happy with your business they usually won't complain to you - instead, they'll probably complain to just about everyone else they know - and take their business to your competition next time.
They find that if they promptly follow up and resolve a customer's complaint, the customer might be even more likely to do business than the average customer who didn't have a complaint.
Building customer loyalty will be a lot easier if you have a loyal workforce-not at all a given these days.
www.businesstown.com /marketing/customer.asp   (787 words)

  
 Baseball Builds Customer Loyalty, Enhances Fan Experience With SAS® Marketing Automation
The award was presented to MLBAM for the company’s overwhelmingly successful use of SAS software to warehouse and analyze customer data, resulting in higher retention rates and enhanced fan experiences.
Customer information runs the gamut, from merchandising and ticket sales at the ballpark to everything MLB.com collects via clickstream that shows what each customer is doing on the Web site at any given time.
This award was created to spotlight organizations that best exemplify the use of SAS intelligence to enable decision makers across the company to act with the highest level of confidence and knowledge to meet business goals.
www.sas.com /news/preleases/041105/news1.html   (1429 words)

  
 Customer_loyalty   (Site not responding. Last check: 2007-11-05)
Customer Service 101, but how about the hard questions : This is a nice and basic book about customer service.
The MUST READ Book on Customer Experience Management : Customer Experience Management is an emerging and vitally important set of principles and disciplines that should concern every enterprise, profit and non.profit alike...
Current economic conditions are forcing everyone from large corporations to smaller privately held companies to maximize their revenue streams from new and existing customers.
books.mysic.com /Customer_Loyalty   (1577 words)

  
 Customer Loyalty
Similarly, "Understanding and meeting customer needs" plus "improving customer service" were rated the top two business needs of 1999 by IT executives in a survey conducted by InformationWeek earlier this year.
Using the latest research techniques and statistical models, Porter and Associates employs both web and telephone methods to conduct customized Customer Loyalty research for the IT industry worldwide.
Also, with a vast database of customer loyalty metrics for benchmarking your survey’s results, Porter’s Loyalty surveys also help IT companies identify troubled accounts plus trend satisfaction by quarter or annually.
www.porterassociates.com /customerloyalty.htm   (393 words)

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