article thumbnail

The Power of CX Experimentation: Turning Insights into Actionable Success

eglobalis

Experimentation and testing are often conflated, but they serve distinct purposes within a customer experience (CX) program. Testing typically refers to verifying the functionality of a single element, such as a new feature or service. Refine your CX personalization by continuously testing what truly resonates with customers.

Insights 363
article thumbnail

Building a Better Loyalty Program (and the Reward for Getting It Right)

BlueOcean

loyalty programs on average. If, for example, you’re a member of Nordstrom’s loyalty program, Nordy Club, you’re among a group of customers who are likely to spend three to five times more than non-members, and are consequently driving two-thirds of Nordstrom’s sales. The Downlow on Loyalty: Reciprocity is Key.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Customer Loyalty: Experiences that Increase Retention

InMoment XI

Loyal customers help your business by: Purchasing your product or service repeatedly Recommending your brand to friends and family Boosting your engagement by interacting with you online Providing thoughtful customer feedback to help you improve The Importance of Customer Loyalty Customer loyalty is crucial to business growth and sustainability.

Loyalty 195
article thumbnail

5 Simple Steps Retailers Can Take to Build Stronger Relationships with Customers

InMoment XI

In addition to generating more income from their own purchases, loyal customers are more likely to refer new customers to the brand, furthering the cycle of customer retention. 5 Ways to Build Customer Loyalty in Retail. Step #5: Loyalty Programs. The data generated by loyalty programs is also very valuable.

Retail 370
article thumbnail

Voice of Customer Analysis to Improve Customer Loyalty and Retention

InMoment XI

As a result, businesses must double down on efforts to understand their customers’ goals and pain points to drive loyalty. Voice of Customer (VoC) refers to customer feedback on a business and its offerings. Voice of Customer analysis is a useful system for accomplishing this goal. What Is Voice of Customer Analysis? Take Action.

article thumbnail

The Power of Customer Behavior Analysis

InMoment XI

It also reveals revenue-driving behaviors, which can be valuable information for customer loyalty programs. References HubSpot. This data can help you identify high-value customers, track purchasing trends, and evaluate the success of certain promotions, packages, or discounts. Consumer Trends Report. ( [link] ).

article thumbnail

Top 5 Customer Service & CX Articles for Week of February 17, 2025

ShepHyken

I refer to this as corporate love. What Customers Really Want From a Loyalty Program by Eileen Stephens (CMSWire) Customer loyalty programs have become a multi-million-dollar industry and a critical driver of revenue for brands. My Comment: One of my favorite customer experience topics is loyalty programs.

2025 80