Personalization is key to customer loyalty – special report
31% of customers indicate they would actually like their shopping experience to be more personalized than it actually is.
Today’s consumers connect with brands across multiple channels, which complicates the process of recognizing, servicing, and rewarding loyal customers. However, customers don’t have the patience for complicated processes, they expect engaging and relevant interactions and conversations across any and all channels. When approached correctly and done for the right reasons, customers want and expect personalization and are even willing to spend more than they initially planned for that experience.
BRP’s “Personalization is Key to Customer Loyalty” report offers retailers an informed view on how to enhance shopping experiences.
The key findings on how to retain a loyal customer base are:
As consumers become more technologically savvy and have access to better information, there is a widening gap as retailers struggle to meet consumers’ escalating expectations. Personalization fills that gap!
Customer Identification and Incentives
Offering Incentives – which is almost mandatory in today’s environment – is a smart way to encourage customers to provide retailers their personal information for customer identification
With 80% of a retailer’s business typically coming from 20% of its customers, identifying your most valuable customers and understanding their shopping habits is critical to cultivating loyal, brand enthusiasts.
47% of retailers do not currently have any process in place to communicate the most valuable customer status to their associates before the point of checkout.
Personalizing the Experience
93% of consumers indicated they would provide retailers with detailed information if they received meaningful and customized offers in return.
Please fill out the information below to download BRP’s Special Report: