Stuck on Customer Loyalty? It’s Time to Focus on Something Else

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loyalty The Difference Between Loyalty and Stickiness Do you know how many of your customers are loyal? Take a rough guess. How about what metrics you should use to measure their loyalty? Any ideas? What would you focus on instead? How about customer stickiness? Customer stickiness is a dependable metric based on actual customer behaviors Understanding these behaviors can help you provide the service experiences that keep customers coming back Your brain sees the easiest option as the best option —everyone’s does The Human Mind Works by Association So make sure the associations you’re creating are positive Your customer service will trigger associations based on previous experiences Make Positive Associations 1 Make It Easy 2 Be the Smart Option 3 Be an Anchor 4 …So making service as easy as possible will improve stickiness Noteworthy moments can create a positive anchor in the mind of your customers Everyone wants to avoid loss and disappointment …So by being the dependable and reliable choice actually makes you stickier! From then on, regular service experiences only strengthen the relationship Four Ways to Increase Customer Stickiness—Using Behavioral Psychology Imagine a world where loyalty doesn’t exist loyalty & stickiness Copyright © 2014, Oracle and/or its affiliates. All rights reserved. Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners. 24236 141216 Created in association with Philip Graves, a consumer behavior consultant, author, speaker, and regular contributor to the media. Stuck on Customer Loyalty? It’s Time to Focus on Something Else Learn more about the smartest ways to meet service expectations, and increase customer stickiness Read the new report now

Transcript of Stuck on Customer Loyalty? It’s Time to Focus on Something Else

Page 1: Stuck on Customer Loyalty? It’s Time to Focus on Something Else

loyalty

The Difference Between Loyalty and Stickiness

Do you know

how many of your

customers are loyal?Take a rough guess.

How about what metrics you should use to measure

their loyalty?

Any ideas?

What would you focus on instead?

How about customer stickiness?

Customer stickiness is a dependable metric based on actual customer behaviors

Understanding these behaviors can help you provide the service experiences that keep customers coming back

Your brain sees the easiest option as the best option

—everyone’s does

The Human Mind Works by Association

So make sure the associations you’re creating are positive

Your customer service will trigger associations based on previous experiences

Make Positive Associations1 Make

It Easy2

Be the Smart Option3 Be an

Anchor4

…So making service as easy as possible will

improve stickiness

Noteworthy moments can create a positive anchor in the mind

of your customers

Everyone wants to avoid loss and disappointment

…So by being the dependable and reliable choice actually makes you stickier!

From then on, regular service experiences only strengthen

the relationship

Four Ways to Increase Customer Stickiness—Using Behavioral Psychology

Imagine a world where loyalty doesn’t exist

loyalty & stickiness

Copyright © 2014, Oracle and/or its affiliates. All rights reserved. Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners. 24236 141216

Created in association with Philip Graves, a consumer behavior consultant, author, speaker, and regular contributor to the media.

Stuck on Customer Loyalty?It’s Time to Focus on Something Else

Learn more about the smartest ways to meet service expectations, and increase customer stickiness Read the new

report now