Customer Loyalty and Retention Strategies
Definition
Customer loyalty is the commitment to repurchase or recommend despite competitive offers.
Explanation
Behavioral Loyalty: Repeated purchase.
Attitudinal Loyalty: Emotional preference.
Drivers: Satisfaction, trust, switching barriers, personal connection.
Retention Tactics: Loyalty programs, personalization, community building, predictive CRM.
Case : Starbucks Rewards
Mobile app links payment, points, and personalized offers, creating habitual purchase loops.
Reference: https://www.starbucks.com
Interactive
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Service Recovery and Complaint Management
Customer Feedback and Voice of Customer (VOC)