Change is inevitable and it seems like the start of a
tipping point has arrived within the cluttered Loyalty scheme space. There has
been much good work done in the quest to embrace and build a customer community
around adding a values based basket, clustered around a brand. However these
typical “me to” loyalty schemes are seemingly losing the plot. Brands are failing in their ability to
innovate and bring a fresh dynamic product of their own to the customer community
and failing to deliver an enhanced customer experience.
Buried under providing more and more so called benefits, of
gym memberships, discounted flights, and so called cheap and easy access to
other people’s products, brands get deeper into the mist of believing that what
they are doing that is good for their customer base.
It’s time to challenge this thinking.
So do we propose throwing it all in or is it time to
innovate and evolve?
I believe it’s time to evolve and innovate, get back to the core
and slim down on the heavy weight admin bills that are only borne by the
customer in the end. Let’s ask questions like, what can be done to help
businesses and brands leverage the customer experiences to keep innovating,
redesigning and revolutionizing in order to keep serving and engaging the customer
in a dynamic and sustainable way.
The customer experience is alive in the brand’s products and
services itself but also delivered by people in various outlets, channels and business
units. This is where more dynamic, motivated and engaged sales and service
teams can make a world of difference in delivery and experiential performance to
the customer.
In today’s digital incentive world there are ways of not
only inspiring channel sales to connect with customer needs at a totally higher
level. But also the opportunity at the moment of truth to develop ongoing
customer centric relationships that are not dripped in the sweet syrupy BS offers
of free stuff and discounts, but in genuine care based dialogue with customers that
will help in the cross sell of other products, repeat purchase desires and the acid
test referral customer development.
These are the outcomes that brand leaders most aspire to:
- · Other products or services in the value chain being considered and purchased
- · Repetitive consumption
- · Positive referrals of products and services to other potential customers
- · Feedback that will assist business innovate and develop additional products and services to meet an evolving customer need.
Motivate your customer to stay connected, engaged and loyal
to your brand, not someone else’s gym or low cost airline. Enter the incentive
professionals please.
