24Aug

In a turbulent world, customer loyalty has never been more important.

 

We are living in interesting times. I started drafting this article at the weekend and just 48 hours later the business landscape has changed.

At least twice.

And each time suffering a metaphorical earthquake of differing magnitudes, dependant on each industry sector...but all is not lost and ultimately sanity will prevail.

It will, without doubt, be particularly hard to attract new customers in this environment and so one thing is for sure: there has never been a better time to love your existing customers. And it's when times get difficult that the actions which you take to reward their loyalty will pay dividends.

But the time to act is now - if you have not already done so, then take action and communicate with all customers - it's a great moment to appeal to them on a more personal level and to draw on the emotional connection with your brand.

We are already seeing some great examples of this and, as ever, some poor ones. Anyone sitting on their hands, hoping that all this will pass, will get left behind. Think of ways that will keep your customers engaged and spending - a mix of emotion and motivation can deliver great rewards!

Some sectors will see their landscape change significantly and the fleet-of-foot will reap the long term benefits. So be bold and use these turbulent circumstances to potentially change the way that you approach your customers. Any company that has not embraced all elements of the digital world should now be prioritising that - especially sectors in the B2B world where there has previously been resistance.

And if you don't already have a customer loyalty programme - or even just a customer loyalty strategy - then now is the time to initiate one. It could become business critical.

About the Author

Laura Lloyd

Laura Lloyd

Laura’s goal is to develop partnerships with clients, seeking to understand their challenges in order to provide creative, value add solutions. Laura always seeks to provide a 'no challenge is too big, no problem is too small' attitude and aims to always exceed expectations.

Related

Expanding the team, clients and knowledge

Expanding the team, clients and knowledge

Stream welcome two new team members this month along with lots of other exciting loyalty news and up...

Read More
Interview with our behavioural economics expert on loyalty psychology

Interview with our behavioural economics expert on loyalty psychology

I sat down with Jess who is our resident behavioural economics expert. You will have heard me mentio...

Read More
The Power of Strong Relationships

The Power of Strong Relationships

This period of uncertainty will have tested relationships, highlighted weakness in some and strength...

Read More
Understanding the Customer Loyalty Index and Its Significance

Understanding the Customer Loyalty Index and Its Significance

Retaining customers is as essential, if not more so, than acquiring new ones. One key metric that ma...

Read More
Website Development - Wednesday Wisdom

Website Development - Wednesday Wisdom

Jessica hosted our Wednesday Wisdom on Wednesday 19th January where she took the team through one of...

Read More
Happy Birthday Tesco Clubcard! The UK’s Longest Running Loyalty Programme Celebrates 30 years! 

Happy Birthday Tesco Clubcard! The UK’s Longest Running Loyalty Programme Celebrates 30 years! 

It’s an exciting milestone for Tesco Clubcard as it celebrates 30 years of rewarding loyal shoppers...

Read More

LoyaltyStream Key Features

  • 21 loyalty campaign types to suit every business
  • Options to deploy gamification campaigns such as Spin-To-Win and Prize Draws as well as Badges
  • Ability to track and reward all behaviours from transactions to actions
  • In-depth visual analytics and insights on Campaigns, Members, actions and transactions
  • Customisable CRM and segmentation options to suit your Member profile
  • Scalable modular SaaS platform that can grow with your business

 

Contact Us:

+44 (0)1844 208180

contact@streamloyalty.com

Carter House, Chilton Business Centre, Chilton, Buckinghamshire, HP18 9LS

Connect With Us:

Learn more about loyalty


Stream Loyalty on LinkedIn Stream Loyalty on Facebook Stream Loyalty on Twitter


Privacy Policy

Terms of Use

Cookie Policy


We offset our carbon footprint via Ecologi
Empty
Click + to add content