Customer engagement (CE) is the living and breathing relationship that exists between a customer and a company. This critical relationship is a critical factor that helps to determine the success or failure of a company. The challenge to every business is that almost all buyers have different needs and wants. Consumers aren’t unanimous, even within similar demographics. There are different ages, lifestyles, ethnic backgrounds, etc. There’s an excellent chance that the motivating factors for one middle-aged customer may differ significantly from another. It’s incredibly important for a business to operate with their customer base as individuals.
So how do we go about the act of engaging a client? Here’s a few starting points to orient your mobile app marketing and digital advertising efforts:
- An engagement marketing strategy is crucial. How will your company reach out to potential customers? How will you respond to their inquiries? Detailed analytics are necessary to help answer these questions. Actively learning about a customer’s lifestyles, rather than lumping people together based on a singular demographic. Remember, numbers are cold, your customers are real people. Think of them in that fashion. The more accurate and detailed your customer database is, the stronger foundation you will have for engagement.
- Learn to predict consumer behavior. When looking at the unique lifestyle of your consumers, where can you see areas where they can benefit from your service or product? Big-box retailers like Walmart and Target do so by using data mining to notice trends in purchases. Walmart used data mining and discovered that Strawberry Pop-tart sales increased sevenfold before a hurricane in southern states. The reaction? Place Strawberry Pop-tarts at the cashier area of a store. More exposure to the pop-tarts increases sales even more. In the end, all parties benefit. Walmart and Kellogg’s experience increased sales, while customers have an emergency food source in case of natural disasters.
- The benefits of customer engagement are limitless. Customer retention is critical. Customers can see the value in a company that puts the effort into satisfying their customer base. Satisfied clients can be the most powerful form of marketing. The family and friends of current customers are potential future customers. Nothing is more valuable than a recommendation from peer-to-peer. One survey even concluded that 92% of customers trust peer recommendations, compared to 47% trusting TV or magazine ads.
Customer engagement is beneficial, if not necessary, to a company’s success. Perhaps one of the most satisfying aspects of customer engagement is the company-client relationships built upon it. Increasing interaction cultivates and grows these relationships. Knowing that your company makes a positive difference in the life of your customers is a huge reward.
If you are interested in exploring various marketing possibilities for your business, Contact us now.