Customer Loyalty vs. Brand Loyalty
Let's go over customer loyalty vs. brand loyalty — the difference between the two, and why they have to be addressed in distinct ways.
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During the holiday sales season, you probably ran discounts, promotions, and other offers to entice on-the-fence customers and bargain hunters to make a purchase. This likely generated new customers, but how do you prevent these discount-seekers from being one-off buyers?
LTV after a Black Friday sale is notoriously low compared to other times of year. But it's cheaper to keep a customer than acquire a new one, so how do you keep the sales coming from Black Friday customers?
Let's go over six strategies to help you convert bargain hunters into loyal customers.
Site visitors and one-time purchasers are a highly engaged audience. It’s their digital way of raising their hand and telling you, “I might be interested in buying (or buying again)!” Use these retargeting strategies to bring these customers back to your site: from just browsing to ultimately buying.
The equivalent of real-life window shoppers, browsers are visitors who are more highly engaged than others because they visit product pages. However, they stop before they add anything to their cart.
To draw the eye of these browsers, leverage personalized experiences to tell them that you’re paying attention to their interests. Product recommendation retargeting ads are a great way to remind them of what they might be missing out on.
By tailoring your marketing message to these browsers, you show attentiveness to customer preference, and offer the ease of picking up where they left off. Customers who feel seen and heard are likely to come back again and again!
So close, yet so far! These almost-buyers commit up until the very last step: checkout. To make these buyers’ journeys as smooth as possible, utilize personalized product recommendation retargeting ads paired with tailored emails to remind shoppers that there’s more to be had. To make it even easier, implement an automatic cart rebuilding function that will put their order back into place for them. This will allow these on-the-fence buyers to make a quick purchase and to be reminded of their previous interest in your products.
If there’s an out-of-stock item they’re waiting for, consider email sequences that let these shoppers know when it’s back in stock or referrals to similar products they could browse. In addition, bargain-hunting buyers always love a good deal. Leverage discounts as needed to bring buyers back to long-abandoned carts.
Once again, personalization is the name of the game. Invest in tools that allow you to serve your one-time buyers product recommendations that are based on their past browsing and purchases.
These types of strategies work best when you adopt an omnichannel approach. By placing personalized ads across the web as well as email, you have multiple opportunities to meet your customer throughout their buying journey and offer them the best experience.
Not all brands have a permanent invitation to a customer’s inbox. Overloading customers with daily emails is a surefire way for them to hit the unsubscribe button. Every form of communication with your customers should serve a purpose and demonstrate value.
Put yourself in your customers’ shoes: if you were browsing deals from a brand, what would compel you to open an email from them? The answer is, most likely, the mention of an additional offer.
Whether that’s an exclusive deal, discount code, or a first look at new products, ensure your offer is tailored to your customer’s shopping habits by utilizing dynamic product recommendations. Of course, be sure your subject line touts the offer! Customers are definitely more likely to click an email with a tempting “30% off” as the subject.
If your holiday season discounts and deals didn’t compel potential customers already in your nurture stream to shop with you, consider what will. To give folks an extra push over the finish line, use your nurture emails to convince them why your product or service is a great fit for them. Tell this audience something they don’t know and show them what makes your product special. Then, show up in their inbox again with a new offer. Hitting these browsers with a 1-2 punch of proving your value AND and providing a special offer might just do the trick.
Like email, a person’s text messages are a protected space. Abuse of SMS communications can lead to being labeled as junk. Like with email sequences, you should keep these factors in mind:
Segmenting
Split up your audiences into segments for SMS just like you do for email lists. This ensures that the right messaging is sent to the right people. Doing so avoids overlaps in messaging, repeat offers, and irrelevant promotions.
Messaging
Hand in hand with segmentation, tailor your messaging to the audience. If your customer list isn’t new to your brand, don’t send out a new customer message. To nurture these bargain hunters, you can utilize the same offers and messaging that you do across other channels; in fact, consistent messaging across ads, emails, and your website can be even more effective.
Frequency
SMS should have its own frequency. Don’t just copy and paste your email schedule, set it and forget it. As will other channels, you’ll need to pay attention to your SMS engagement rate and adjust accordingly.
Your performance data from this year (particularly all the information from BFCM) is your new and very best friend.
Take time this month to dig into which channels are engaging your ideal customers. Use your CRM data from BFCM to look into contacts to reach out to for new year sales and new products.
Use your holiday data to determine the customer's journey across lifecycle stages. If you're reading this before the holidays and still have time, be sure to use a platform that can help you with a cross-channel attribution model. Tracking the customer journey across all touchpoints will help you know where to reach customers again.
Everyone loves to feel special. Customers who feel acknowledged by a brand are going to want to have a stronger connection to them vs. feeling like a nameless number.
If you’re going to set up a loyalty program, it has to feel genuine. While handing out discounts and first-peeks are intriguing and fun, a truly effective program creates connection between the brand and its customers. Here are three ways to supercharge your customer loyalty plans.
Let your customers' voices ring! As a part of your loyalty program, give participants the opportunity to weigh in. Whether it be feedback on a new product, testing new messaging, polling customers for research, finding brand ambassadors, etc. Customers who feel involved in a brand’s inner circle are likely to come back and engage with the unique opportunities given to them.
Of course offers and promotions are a big part of loyalty programs. However, just sending out a coupon every week or so won’t cut it. Remember to tap into shopping trends from your customers and offer seasonal or timely discounts. You can also help shoppers save money and encourage repeat purchases by offering a rewards or points program. These types of systems allow customers to earn points or rewards when they shop. Think punch cards from your local coffee shop leveled up; the more they buy, the more incentives they’ll receive to buy again.
Who doesn’t love to play a game of collecting points? Rewards systems are an engaging way for customers to purchase more products, while racking up points that could land them some fun discounts. Bonus points if your reward system has tiered memberships. Customers love to see a title under their name — “Platinum Member,” “Elite Customer,” or “Gold Star Member” — to help build their identity with your brand.
Each year, we continue to see customers buying gifts online to be delivered to a loved one rather than to themselves. So, we can expect an increase in gift receivers wanting to exchange gifts, and this will be a completely different customer experience than heading to a brick-and-mortar store to manage the exchange.
Be thoughtful and strategic about the experience you give gift recipients (in addition to the buyer) to expand your customer base and open new doors for your brand.
Consider building flows that offer the would-be returner a chance to exchange first. Maybe they didn't like the product size — offer them a page to exchange for a better fit. If they didn't like the style, try offering them alternatives.
The logistics of exchanges can be a pain, but offering store credit or to foot the bill for shipping will mitigate some of the negative feelings a customer might have about the exchange.
Rather than letting go of customers after their return, use the return to build a bridge. Be flexible with return methods and extend return deadlines so shoppers can give products back after the holiday hassle.
If your return process is flexible and straightforward, you're a mile ahead of the competition. This means that even if a gift receiver didn't like your product, they'll have a positive impression of your brand, which will lead to word of mouth marketing in the future.
Make empathy your guiding principle for creating world-class customer experiences this holiday season.
With AdRoll, your end-of-year efforts can go further. Manage and report on ads across web, email, and social with one platform. From catching the eye of a new customer to retaining the customers you already have, you can do it all in one place. Quickly see all of your data across campaigns and quickly make optimizations to improve your ROI.
Learn more about what you can do with AdRoll here.
Last updated on November 12th, 2024.