Happy April and International Customer Loyalty Month!
International Customer Loyalty Month is an extremely important month for organizations and businesses to make an extra effort when creating a loyal customer base. Customer loyalty is essential to any business, as it can increase revenue, drive repeat business, and defend against competitors.
Continue reading for the top tips to creating and retaining customer loyalty.
Build better communication:
This tip may seem like a no-brainer, but communication is broad. Consider what elements of communication will help you reach your customers and maintain their loyalty.
First, your organization needs to be present for its audience. Communication efforts must be frequent and relevant to ensure that your organization, message, and products are not forgotten. You will achieve a loyal customer base when you consistently deliver valuable and enjoyable experiences to your audience. Demonstrate consistency in your communication through monthly newsletters, social media, events, promotions, and more. Consistent, positive, and valuable communication tactics will improve your customer relationships and increase loyalty.
Consistent communication is great, but without listening to your customers, your communication lacks value and meaning. Meaningful relationships that result in customer loyalty are built on effective listening. The best way to determine what your customers want is to listen. So, take the time to look at feedback, read reviews, and understand your customers’ points of view. According to Microsoft, 77% of consumers say they favor brands that ask for and accept customer feedback. Customers will show loyalty to you and your organization if you show loyalty to them and their points of view.
Create a customer loyalty program:
Creating a customer loyalty program is one of the best and most effective ways to increase a loyal customer base. Because loyalty programs are built around rewards and benefits, they prove to be effective when increasing loyalty and interest. According to smallbizgenius, 75% of consumers say they favor companies that offer rewards. People want to feel celebrated and seen. Customer loyalty programs help your organization highlight and reward customers that have been committed to your brand, and offer incentives to continue their commitment.
Customer loyalty programs can feature:
- Tier Systems
- Points Systems
- VIP Benefits
- Hybrid Programs
- And many more!
Though they differ in structure, all of these programs include benefits or rewards to incentivize loyalty to your organization. Consider researching the above customer loyalty programs to find out which one is most fitting for your organization.
Be authentic and transparent:
Your organization must be authentic and transparent to build strong relationships and gain loyal customers. People do not want to connect with brands that are impersonal or machine-like; they want a relationship with a brand that resembles a real person. Your authenticity shines when you share your values and mission to create a meaningful brand. According to the Corporate Executive Board, 64% of customers say that brand values are the #1 reason why they create a relationship with a brand. Being authentic and explicitly sharing and showcasing your brands values and beliefs will help your organization make loyal customers.
In addition to being authentic, your brand needs to be transparent and honest. Honesty is the best policy, even in business, so be upfront with your customers when things do not go as planned or a mistake is made. Customers will be loyal to your organization when they know that you are not hiding anything from them or deceiving them in any way. No one likes to be wrong or make mistakes. However, the truth is appreciated, and remaining honest with your customers will show them that you value their relationship, thus promoting loyalty.
Make life easy for your customers:
People tend to engage more when it requires little effort, so do not make your customers work hard to engage with your brand! Engaging with your organization should be effortless and enjoyable. A good experience will grow customer loyalty exponentially: according to PWC, 73% of consumers say a good experience is the main factor that influences their brand loyalties.
Be flexible and anticipate problems to make your customers’ experience easy and enjoyable. Be reasonably understanding of each customer’s circumstances so that their experience with your organization is as effortless as possible. For example, if you have a customer that was unable to adhere to your 30-day return policy because of the weather or being out of town, be understanding and flexible to their situation. By making it easy on them, you are making it easier for your organization to build customer loyalty and increase retention.
Though Customer Loyalty Month is during April, customer loyalty should be an effort that carries throughout the year! Creating loyalty takes time, so do not hesitate to ask for help. PivotPath is here to provide you with the best marketing services without the high costs of traditional agencies. Letting us take on some of the responsibility will help you put more time into what really matters: your customers and their loyalty and commitment to your organization.