What is customer loyalty?
- The behavior customers exhibit when they make frequent repeat purchases of a brand.
What is Retention Marketing?
Using knowledge of existing customers’ behaviors, through 1 to 1 Marketing to measure and drive buying behaviors to up sell and cross sell opportunities and to increase traffic flow. Method may include any and all of the following:
- direct mail
- email
- newsletter
- telephone
Retention Marketing is focused on customers’ unique characteristics and interests, buying habits and product usage.
Correspondence may include:
- maintenance reminders
- sales promotions
- additional financial offerings
- accessories promotions
- apparel promotions
Achieved with:
- relationship database
- incentives
- timing
- packaging
- design
What is customer satisfaction?
- A measure of the degree to which a product or service meets the customer's expectations.
- Customer Loyalty is the outcome of an integrated approach to Customer Satisfaction.