93b13bc05b20ada69457977554f9a63c Reachschools
Showing posts with label Customer Service. Show all posts
Showing posts with label Customer Service. Show all posts

10 Best Business Schools in the World

Harvard Business School has been named the world's best business school in 2021 by US business and technology magazine, CEOWorld. CEOWorld considers Harvard Business School to be in first place out of 173 prestigious business schools worldwide, with a score of 99.81 out of 100. The second position is achieved by the Wharton School. This business school is located in Philadelphia, United States of America, obtained a score of 98.38. Still from the United States, the third position is achieved by the MIT Sloan School of Management. London Business School have score of 95.56, which gain 4th position. 

This assessment was made by CEOWorld based on a survey of 186,350 respondents from business executives, graduates, global business influencers, industry professionals, business school academics, employers and recruiters. The survey was conducted in 200 regions during the period 15 November 2020-22 February 2021. Of the 10 best business schools in the world, dominated by business education located in the United States. The rest are in Europe, namely London Business School, SAID Business School, INSEAD Business School, and IESE Business School

The ranking is based on seven key metrics, which are:

  • Academic reputation
  • Acceptance eligibility
  • Job placement rate
  • Recruiter feedback
  • Specialization
  • Global reputation and influence
  • Annual tuition and fees

Here are the 10 Best Business Schools in the World by CEOWorld Magazine:

1.Harvard Business School (USA)

2.Wharton School (USA)

3. MIT Sloan School of Management (USA)

4. London Business School (United Kingdom)

5. INSEAD Business School (France)

6. Said Business School (United Kingdom)

7. Columbia Business School (USA)

8. Haas School of Business (USA)

9. Stanford Graduate School of Business (USA)

10. IESE Business School (Spain)

How to Attract Customers

This is How to Attract Customers:

• Treat personally. Everyone likes to be special. Every people need recognition. Therefore, it is important to deal with them personally. Not as throngs of people, but as the per person.

• Use emotion. Ever heard of a great presenter or speaker so arouse the attention of many people? Yes, they do that with the emotional benefit.
Harnessing emotions is the perfect way to embrace the customers thus enlarge "magnetic" your business.

• Use Telling story / case studies. Remember how the testimony of the patient from a clinic treatment ad? You can try it too. Of course with more positive expected outcomes.

Sources of Customers Expectations

Each customers must have hope in making a purchasing decision. Hope is what has a big role as a standard of comparison in evaluating the quality and customer satisfaction. Certainly many factors that influence it, but Valerie A. Zeithaml and Mary Jo Bitner grouping factors proficiency level as follows:

1. Word Of Mouth
Word of mouth is a statement (personal or non personal) submitted by persons other than the organization (service provider) to the customer. Word of mouth is usually quickly accepted by customers due to the present who can be trusted, such as experts, friends, family, mass media publications. Word of mouth is quickly accepted as a reference because the customer service is usually difficult to evaluate the services that have not been bought or have not felt alone.

2.Personal Needs
Fundamental needs is also very decisive expectations. These needs include the need for physical, social, and psychological.

3. Past Experience
Past experience covers things that have been studied or known customers from ever received in the past. It makes customer perception. This customer expectations evolve over time, as more and more information (non-experimental information) received by customers as well as customers become more experienced.

4. External Communications
This factor is a statement directly or indirectly by the company about its services to customers.

This factor will play an important role in shaping expectations of customers to the company. This expectation can be formed from media advertising, personal selling, agreement or communication with the employee organization.

Service as a Marketing Strategy

If you have ever received disappointing customer service, you won’t be surprised to learn that most companies spend more on acquiring new customers than keeping existing ones happy. Winning lifelong customers requires the ability to not only get a prospect to buy again and again, but to do so happily. The benefits go far beyond inspiring loyalty and repeat business; happy customers become advocates for your brand, driving referrals by sharing their experiences with friends, colleagues and social networks.

Great customer service is a competitive advantage. Say you need something fixed at your office. Company A was an hour late, talked on their cell phone the whole time and left without telling you they were done. Company B, on the other hand, arrived on time, explained what they were going to do to fix your problem and gave you a coupon for your next service. Which company will you use next time? The same warm, friendly, accommodating approach you take to nurture a customer should be continued for the duration of the relationship. Positive experiences lead to repeat business and referrals. Service as a strategy has to come from the top and be truly ingrained in your company’s core values. Every process, every decision, every employee must act in alignment with this strategy in order to be successful.

Personal Selling
For some companies, customers must connect with a salesperson before making a purchase. Unfortunately, many of these sales-intensive businesses lose revenue because of a buy-or-die mentality on the sales floor. If a lead comes in that isn’t ready to engage right away, it can fall into a black hole of lost leads that could have become customers given enough time and nurturing. These wasted opportunities add up to a lot of lost revenue in the long run.

To prevent this, you must be able to nurture leads and identify when they are ready to distribute to your salesperson. Your sales team is a valuable resource, the driving force behind growing your business. They can be much more effective if your system automatically evaluates certain behaviors and factors, identifies hot leads and intelligently distributes them based on specific factors such as industry and geography.

In addition, every day your sales team engages in dozens of communications with leads. Automating some of these communications could free up your team to focus on only high-impact conversations instead of routine follow-up messages. This type of workflow automation can be used to automatically add notes to records, send thank you notes after sales calls, kick off educational emails and more. The best part is, by leveraging workflow automation to save time, your sales team starts to view your system as a valuable resource—and not just a waste of time.

Deliver as Promised—Automatically
Despite their best intentions, many small businesses over-promise and under-deliver simply because they don’t have enough time and energy to meet the expectations set during the sales and marketing process. Luckily, many elements of great customer service can be automated, which eases the burden on the business and helps customers feel valued and appreciated. For example, a big customer service challenge for many businesses is training customers on how to successfully use their product. Instead of training customers in person or over the phone, which requires a big commitment from both parties, automation allows you to create engagement campaigns that slowly drip information over time.


Another advantage of automation is that it allows you to easily identify and segment happy and unhappy customers through a simple survey. Customers who are satisfied can be automatically rerouted to a testimonial and referral campaign while unsatisfied customers can be routed to customer service for personal follow-up.

Sales Management - A Step-by-Step Guide to Boost Your Sales

Here's how you can increase your sales through proper sales management:

1. Products and services.
Before you even think about offering your products and services to your potential business" target="_blank">customers, you need to make sure first that they are of high quality and that they are way better compare to your competitors'. They must be geared towards addressing the needs and problems of your prospects. This process will require a lot of trial and error and doing competition research.

2. Planning.
How do you plan to market your products and services? How can you connect with your potential buyers? How can you make your offerings look more valuable to the eyes of your prospects? What marketing tools are you going to use?

3. Execute.
This is the part where you will implement your action plans. Make sure that you maximize your advertising budget and that you only use marketing tools that will help connect with those people who are most likely to buy from you. Stick with your plan as much as possible to avoid wasting time, money, and energy in the long run.

4. Assessment.
You will need to assess the effectiveness of your marketing strategy at least after a month after you have executed it. In here, you'll be able to figure out its strengths and weaknesses so you'll easily determine the things that you need to do to make it more effective. Do necessary revisions and launch your improved marketing strategy. You will need to do the process all over again until you create a foolproof marketing campaign.

Engage Your Customer - Write About Benefits

Think quick. In 10 seconds, can you list the 5 key benefits you offer your customers?

I bet you said "Yes". But are you sure you listed benefits? If you'll bear with me for another 10 seconds, I'd like to test out a theory on you.

Recap your answers – maybe even write them down. Now list the 5 main things your business does. In other words, what are your 5 core services? What are the 5 core features of your product?

If your first list looks anything like your second, chances are you're mistaking features for benefits. As a result, it's likely that your marketing materials aren't engaging your customer. Customers don't want to know what you can do. They want to know what you can do FOR THEM.

Don't talk features – talk benefits.

Don't be alarmed. You're not alone. Most business owners and marketing managers are so close to their product or service that they have a lot of trouble distinguishing benefits from the features of their offering. Ask a web host "what are the benefits of your service?", and you'll likely hear something along the lines of, "we offer load-balanced server clusters." But that's not a benefit… that's what they do. The benefit is superior uptime and performance.

In fact, so many people think features instead of benefits that it can work in your favour – to dramatic effect. If you can accurately identify your benefits, and convey those benefits to your market, you'll be light-years ahead of most of your competition. You'll be converting leads into sales while they're still bogged down trying to promote features.

So if you've ever sat down to write a sales letter and wondered how you're going to grab your reader's attention, or you've ever gone 'round in circles writing draft after draft of web copy without ever hitting the mark, now you know where you were going wrong.

The only question remaining is, how do you do it right? Advertising copywriters and website copywriters do it all the time – and most of the time, they do it with benefits. Benefits are the copywriter's holy grail. But if you're not a seasoned copywriter, how do you identify the benefits you offer your customers?

There are any number of ways to identify the benefits you offer. This article discusses just three:
1) Customer Research
2) Speak to Your Sales Team
3) Make it Easy for Your Customer to Get Buy-In

The method you choose depends on your time constraints, budget, and level of customer interaction.

1) Customer Research
The most obvious way to identify benefits is to ask your existing customers. They're spending a lot of money on your offering, so you can be sure they know what benefit they're getting from it. (In many cases, it can be handy to ask them what benefits they'd like to be getting from you too!) Unfortunately, like everyone else, your customers are busy people. In most cases, you won't get useful feedback by simply sending an email enquiry. You have to make it easy for them to respond, and you have to make it worth their while. Think about questionnaires and surveys for quantitative data, and interviews and focus groups for qualitative data. These are the simplest techniques, but you still have to make sure you interpret the results appropriately. And always remember that they're self-report methods. People will sometimes tell you what they think you want to hear. (That's also why you have to word your questions very carefully – try not to ask leading questions.) Of course, there are plenty of other research techniques around. Do a bit of homework and find the methods which best suit your business requirements. But don't get carried away by the possibilities. All the research data in the world is pointless if you're not talking the language of your customer.< 2) Speak to Your Sales Team
Sadly, not every business can afford to invest in market research. If your budget doesn't stretch far enough, try talking to your sales people. They're out in the field every day, talking to customers. And because their livelihood depends on their success in engaging customers, chances are they'll be able to tell you what your customers want to know. (A word of warning, though… Be careful not to make lofty promises. Unlike your sales team, written collateral doesn't generate a rapport with your customers. Customers won't make as many allowances, so you can only stretch the truth so far in writing before your credibility suffers. What's more, if you do push the boundaries, you're more likely to be held to your word!)

3) Make it Easy for Your Customer to Get Buy-In
If you don't have the budget for in-depth customer research, and you don't have a sales team, a good tip is to imagine how your customer gets buy-in from their boss. Quite often, the decision maker is someone higher up the food chain than your direct audience. Your audience will probably be the key stakeholder – they'll be the user of your product, or the recipient of your service. But when they find an offering they like, there's a good chance they'll have to sell it to someone further up the line. If you can make this sale easier, you'll have a foot in the door. Don't just appeal to the sensibilities of the direct audience. You also need to ask yourself what they need to know to convince the decision maker. If the decision maker is a CFO, think Return on Investment (ROI) and Total Cost of Ownership (TCO). If the decision maker is a CIO or MIS, think performance, technological sustainability, availability, manageability, and ease of integration. If the decision maker is a CEO, think liability, risk management, and ROI. And only use jargon to prove you know your stuff. Remember… tag line will probably have the ultimate decision maker scratching their head, not reaching for their cheque book.

There are many many more ways to identify benefits. This is just a very superficial snapshot of some techniques you might like to try. At the very least they'll get you thinking benefits.

In the end, the message is simple. Forget all the fancy talk about complicated revolutionary marketing principles. Forget new-age hard-sell advertising quick-fixes. Forget looking to so-called "experts" for solutions. Just think benefits. And if you can accurately do that, the rest is just mechanics. Once you know what you want to write about, you just need to put pen to paper. And that's a whole another story!

Customer is not Target, but Friend

Sales will be hard to do when the salesperson is overly aggressive offer products like hunting prey. All traditional salesmanship based on persuasion method, namely to persuade people, as the main thing. Because it usually emphasizes pad salesmanship training techniques to identify target markets, and approached to find out what is needed and not desperate to be handed a wide selection of sale.

Also learn about denial or objection that may appear to be prepared answers. The theory is based on a belief: "If no objection, then the customer is ready to close the sale." Spin selling is to avoid the objection. Because, if there's an objection, the actual psychological denial will arise. Through this approach the customer pattern is not a target but a friend, if possible customers are not pressured to buy , but aided by a trusted friend.

In 4-D bridge harry Potter, Walt Disney World, Florida, I was fascinated and carried away to "another world" for three minutes. Although very brief, but it was long, and I was out. Outside there was a special counter selling many magical wands of the characters in the story of Harry Potter. The guards just asking simply, I fit the character which one? He never sold it to me, also never offer a discount on the magic stick that costs U.S. $ 25. I do not know the character details respective roles in the Harry Potter story, but with a spontaneous, I replied that I liked the character of Harry Potter. The assistant it says: "Wow, that is you, man! This magic stick reflect your character if you put it at living room. "A statement from a friend who seemed wants to help me reflect on my dream character.

I ended up buying the expensive rod and still comply with the seller. I put the magic wand in the living room. Thus a stick for U.S. $ 25 becomes expensive again because I do not buy a piece of wood, but a symbol character. Greater is after I make a selection and pay; the seller wrapped it and handed it to the rapid style of a friend while saying congratulations. "Congratulation man, you are the character now!" It turns out I'd love to hear greetings like this than a thank you.

Do not think that it applies only to small items and retail sales. The principle is the same if you want to sell big ticket items, such as cars, houses, and even insurance. You are not being herded, but helping a friend through a transparent conversation. When the decision has been taken, the next is a bigger moral obligation to continue to show that the choices made are not wrong!

Basic Attitudes In Serving Customer

Each employee must provide services by placing himself as a consultant to all customer that comes into the store. The attitude of an employee is a reflection of the company's attitude towards its customers. If the employee is bad in terms of customer service, then the corporate image is also bad in the eyes of customers. So, it is important to communicate to the employees about the good service to customers.
In general, the basic attitude of good service to the customer are:

1. relax
This means :
- Use non-formal language, according to the character of the customer being served.
- Show a confident attitude
- Able to create a fun and friendly atmosphere

2. Prioritize services to customers than other activities.

3. Do not obtrude.

4. Required to provide information on:
- self-identity
- product advantage
- ongoing promotion

5. Always show an attitude ready to serve any time.
Things that are considered not show a service attitude is:

- Receive or play Telephone / Mobile in the store floor
- Indifference
- Joking and huddle with fellow employees
- Relying on the product display,door, display window, etc
- Stand idly Attitudes

Turning Customer Complains Into Compliments

If you sell a products or services to your customers, there are two things you will receive about customers satisfactory. First, compliment about your product or service. This compliment would not be a problem for you,because this is what you want to reach in running a business. Second, complain about your product or service. This would be a problem for you if you are not fix it immediately. complain from customer shows that they pay attention to your product or service, and this is an opportunity for you. You can act immediately about they customer attention with turning their complain into compliment. If you can change it, then your business will grow because you will have so many loyal customers.

So what should do to turning customers complain into compliment? This is principle:

• Change customers perception about your brand. If you don’t respond about their complain, people will assume you don’t care with what they think. If you do make any respond, customers see that you do care about your product, and as a brand, you are trying to make an effort. This can build brand loyalty and confidence from customers.

• Stop the negative word of mouth. If one person starts complaining about your product or services, it can have a snowball effect. With the power of word of mouth, more people will see and hear the complain session, and then instead of having one complain, you will have dozens, or maybe even hundreds of complain. Stop their though with handling they complain immediately. If your business steps in and offers to help the person who has complain, then the snowball effect will be lessened or even stopped.

• Act immediately, and help them out. Let’s say someone complains that they never received a product that have been ordered. Instead of letting that complain stalemate, you should respond to it. Ask the person who made a complain to contact your business with their shipping information, and then ship them a new product or work with them to track down through the shipping company. This act will cause two things, you will satisfy the customer, and show other customers that your business is professional because willing to help them immediately.

Those responses will give your business the chance to turn a complain into a compliment! Take the time to listen their concerns and either help them to resolve their issues immediately. This will make a great impression on potential customers about your business, and they will become your loyal customers.

Customer Perception, Failure and Impact

Each customer will process the perception it receives after making a purchase or use a service. But perception is not the same for each customer.

Regarding to the customer perception, Pride and Ferrell describes it as a process of selecting, organizing, and interpretation of information to produce meaning, so that from the definition, it could mean that a person's sensations received through sight, feeling, hearing, smell and touch from each person will have different perceptions of the same situation, because everyone will capture, organize and interpret information in accordance with his own way.

If there is a failure service, then this perception is best understood as an issue in the resolution of problems (problem-solving issues) faced by customers during the service received.

In addition contact or interpersonal relationships (interpersonal contact) performed by the employee service providers with customers during the service recovery is a crucial factor in the perception of the quality of services rendered. In other words, employees play an important role in service recovery and negative experiences. Employees’ ways to handle these service issues will determine the company's brand image which made the migration of customers.

In the event of dissatisfaction or disappointment resulting from the negative perception of service quality, then there are four possible responses of customers, such as customers stop buying products/services of the company, convey the negative words of mouth to family, coworkers, or other close person, customers complain through the mass media, customer organizations, or government agencies concerned, and/or sue the manufacturer or service provider to legal services. If this happens then the company's image and reputation will be damaged and it will be difficult to repair.

5 Ways Digital Marketing Boost Customer Loyalty Program

The presence of digital technology has clear benefits both for individuals and the business world. This technology dramatically creating new ways for companies and customers in touch. Companies need to understand their customers in order to respond to customer needs better than their competitors do. For some businesses, it makes the customer loyalty program becomes more important. Because it can be the glue between the digital world with the offline world.

Unfortunately, in some cases the program through the digital channels do not "connect" with a customer loyalty program. Some companies move their loyalty programs from printed format to digital format in the form of online coupons, email, and mobile applications. But often this is underpinned by a passion for cutting costs, not to build closer relationships with customers.

Not only that, sometimes switching formats because the program was also conducted offline loyalty program does not run properly. However, if the pattern of communication that is wrong, transferred to any format still will not change things. Digital technology opens up many opportunities, but if you can not use it well will not be any good.

Digital technology is more than just a means to save costs, a new business unit, or tactics. Customer data or company-owned loyalty program will be more profitable if the company is able to think strategically about the role of digital in building a customer-oriented business.
Customer loyalty programs should be regarded as a key platform for growth companies. Digital technology is a tool to do so. There are five digital solution that can support a customer loyalty program.

Provide Data
Customer data is one advantage to be gained through loyalty programs. Mechanism Digital is now able to produce this data without the need for a separate infrastructure. A number of significant data if taken properly and combine it with existing data will help companies understand customers and improve communication in order to meet their needs.
Insight gained from the site or social media can help companies to understand customer buying motivation. Unfortunately many companies who have a website consider this channel as a complement and not forget that there is new data that can be taken from there. So change the way we look to the digital channels, and we will get a pleasant surprise from there.

New Mechanism for Dealing with Customers Anytime, Anywhere
Customers have many options and opportunities to connect with anyone in the digital universe. Therefore very important to expand loyalty program strategy into digital channels. That way companies can maximize the opportunities to connect with customers in ways that are most relevant.

Provides Digital Data to Traditional Media Channels
Digital technology opens up many opportunities in the media that were previously closed. Data of digital media at the individual level allows us to see the target customers that match the specific communication channels. Not only that, the data also allows us to make measurements that connects online data with offline sales data to understand the effectiveness of the media. With the partnership between online and traditional media, we can take measurements and obtain a clear ROI. Is not that what we've been looking for?

Digital Payment Solutions
Some businesses have released an e-wallet, and some have created their own way of transaction. On the one hand, this program can be a threat of disinter mediation loyalty program, but on the other hand also opens up opportunities. Customers simply bring a wallet (with a lot of cards in it). However, with so many cards you have, the customer will probably forget the programs that we offer. Therefore, the presence in the minds of customers is the key. Digital payment solution would be preferable, but in order to succeed you have to keep your brand top of mind of customers, both in terms of awareness and confidence.

Strengthen Confidence
New channels, new data and new service providers to add complexity for companies to manage data and customer preferences. This is compounded by the issue of personal data security is increasingly a concern of customers. Beliefs and values into the key relationships with customers, especially if they have to share personal information to companies.

Therefore, companies should be able to transparently about the security of personal data and be honest about the value provided to customers. Loyalty program is a tremendous platform in strengthening and maintaining trust. You do this by providing value through the shopping experience.

The philosophy and approach to loyalty will always be a competitive advantage which is owned company that makes it valuable in the eyes of customers. Hence loyalty programs should not be removed from the priority simply because there is a new digital toy more sleek. The program should be seen as a key platform to drive growth and connect the online and offline, both for companies and customers.

Basic Attitudes In Serving Customer

Each employee must provide services by placing himself as a consultant to all customer that comes into the store. The attitude of an employee is a reflection of the company's attitude towards its customers. If the employee is bad in terms of customer service, then the corporate image is also bad in the eyes of customers. So, it is important to communicate to the employees about the fgood service to customers.
In general, the basic attitude of good service to the customer are:

1. relax
This means :
- Use nonformal language, according to the character of the customer being served.
- Show a confident attitude
- Able to create a fun and friendly atmosphere

2. Prioritize services to customersservices to customers than other activities.

3. Do not obtrude.

4. Required to provide information on:
- self-identity
- product advantage
- ongoing promotion

5. Always show an attitude ready to serve any time.
Things that are considered not show a service attitude is:

- Receive or play Telephone / Mobile in the store floor
- Indifference
- Joking and huddle with fellow employees
- Relying on the product display,door, display window, etc
- Stand idly Attitudes

The Importance Of Purchase Situation For Customer

The occurrence of unplanned purchase ever made by anyone, especially in the time to shop at retail stores. Today many emerging types of retail businesses (retailing) including supermarkets, superstores, hypermarkets and discount stores. This type of retail business is providing almost all products of daily needs to shoes, clothes and electronic goods.

Intense level of competition among supermarkets, superstores, hypermarkets and discount stores, requires every retailer trying to offer a variety of stimuli to attract customers to make purchases. For that situation, especially the purchase of the physical environment such as color, sound, light, weather, and the spatial arrangements need to be considered by a retailer, because the physical environment is expected to attract customers to make purchases that are not planned in advance. customers who have sufficient time to search and process them with good information is expected to bring the desires for purchase goods that are not planned.

However, unplanned purchases made ​​customers first consider the needs, values ​​and interest (involvement) in the product to be purchased.

Definition of Consumer Involvement

Each time make decisions or purchases, consumers first consider. Sometimes took long time to decided on the merits, more or less, or the pros and cons. Well it actually the process of engagement between something which we think to ourselves, and its often called "consumer involvement".

Some marketing experts expressed definition of consumer involvement as follows:

Customers involvement defined by the Engel, Blackwell, and Miniard as the perceived level of personal interest or interest generated by the stimulus in a specific situation. Involvement is best understood as a function of people, objects and situations.

Pride and Ferrell revealed that the level of consumer involvement is the reason why consumers are motivated to find a particular product and brand information.

Peter and Olson confirmed that involvement is a motivational state that drives and directs the behavior of consumers when making decisions.

Each consumer has an underlying motivation in the form of needs and values. While involvement will arise when the object (product, service or promotional messages) can help to meet the perceived needs, goals and values that were important. Meeting these needs is perceived to be varied or not the same from one situation to others.

Effect of Marketing Stimulus In Unplanned Buying Decision

Stimulus in the purchase situation experienced by consumers have a role in consumer unplanned purchases. When a customer was walking in a supermarket and see the discounts on shoes, consumers considering the purchase.

Passion of consumer interest in discounts evoke a desire to try and become involved in previously unplanned purchases. But the intention to make unplanned purchases are going to change because consumers consider the needs, values and interest in these shoes. If the perceived need is not urgent, the product which will be bought has low value and consumers felt less keen to have it, then unplanned purchase will not happen.

Effect of Involvement In Not Planned Purchase Decision

The role of consumer involvement is unique for each customer because it's covered a wide range of factors that will determine his involvement. Like the previous article marketing to review consumer engagement, this time it will peel the role of involvement in an unplanned purchase decisions of customers.

For consumers who are not so involved in the purchase of a product, any brand really is not an issue, what matter is essential levels of satisfaction are met. Lay out affect his desire to buy even though no previous plan, but before deciding to purchase, consumers think in advance by establishing confidence in the brand, to evaluate the brand and decided to make a purchase. If the result of consumer thinking produces low brand trust and brand valuation are not in accordance with her wishes, then the previously unplanned purchases will not occur.

It appears that prior to the purchase of an unplanned happens, consumers first consider the needs, values and interests or consumer involvement. high involvement or low levels of involvement appears to play a role in determining the decision-making.

Maintaining Customer Loyalty to Brand

Loyal customer is not easy switch their mind to another brand. Even if their loyalty is rise up, competitors are difficult to break into. Loyal customers will continue to buy despite many lucrative offers from competitors. Instead usual or not loyal customers, their purchasing trend is based on price factor.

Creating customer loyalty is important for several reasons, which are:

First, the efficiency and effectiveness of marketing programs, particularly those related to marketing costs. A brand who has high level of customer loyalty will be able to reduce marketing costs.

Second, can reduce the bargaining power of middlemen so that they will be in a lower position than the manufacturer.

Third, able to attract new customers to enter. If customers has a very high loyalty to our brand, they will influence others, such as through word of mouth, because they have become defenders of our brand.

Fourth, high level of brand loyalty also has high brand tolerance. This means that customers will provide high tolerance against competitors threat.


Measuring of brand loyalty should also be carried out continuously. The first, conducted on consumer behavior regarding repeat purchase rate, the percentage of the purchase, and the number of brands purchased by consumers in a particular product category.

Secondly, by calculating the switching cost. How many consumers will switch? Wherever they want to move? Why did they move? That is the question to be answered.

Third, the measurement of consumer commitment. One of the things that are measured from the amount of interaction and communication related to the brand.
What steps can we use to maintain and increase loyalty to the brand? Many companies are running a strategy of "frequency marketing program," meaning the company will reward if consumers buy in a certain frequency. If you frequently use the services of a particular airline, the number of a certain frequency we will get a free ticket. American Airlines is a pioneer in the application of this strategy in the 1980's. Almost all credit card companies also run this strategy. The customer gets a number of points that can be exchanged gifts when they shop with a particular credit card. Membership marketing program is a strategy that can also be used by marketers.

Harley Davidson had a HOG (Harley Owners Group) which is a collection of Harley-loving fanatics. Currently they are members of nearly 150,000.
Loyalty program to another is relationship marketing. By running the program, we hope to develop a process for the customer journey from suspect-prospect-repeat-first-time clients, advocates, and ultimately become our partner. Implementing a loyalty program is definitely one way to maintain customer loyalty and this is necessary given the competition that is now very sharp. Many consumers actually do not see significant differences between the products that we offer with a competitor. We ask the customer, whether they still want to buy our brand if the price is the same. If they say all the same brand, or they say "we do not know", surely this is bad news for us. That's why loyalty programs are expected to neutralize the problem.

The development of loyalty also undergone many changes. Timothy Keiningham even mention some of the myths about the loyalty that we must avoid, including the myth that says goal number one company is customer loyalty; then the company should further emphasize efforts to retain customers than acquire customers; company with many loyal customers who will certainly get the market share higher, and the myth that reducing customer defections 5% of company profits will increase between 25% to 85%, and the view that the cost of acquiring new customers five times greater than retaining customers.

Such views are now considered not very relevant and somewhat difficult to justify its rationality. For example, retain existing customers, especially big fish buyers or customers of the bank's cost would be very large because heavy users are always demanding more, giving rise to enormous costs in order to keep them moving. To better be able to maintain customer loyalty, our thinking about the wrong view about loyalty should be changed.

Talking about customer loyalty, first we must understand is not to manage customer retention first before we make customer selection; then we must always focus on the customers' share-of-wallet; there should be a mutually beneficial interaction between customers and companies in the creation loyalty program. Then, we must learn all the patterns of responses from customers for this: we must better understand that customer satisfaction and loyalty are two different things. And lastly, we must run concurrently and simultaneously with the loyalty program brand image creation program. With this notice, we can maintain customer loyalty so that the sustainability of the growth of the company become more awake. Loyalty "is the hidden force behind growth, profits, and lasting value"-the intangible That binds an organization together and manifests the strength and quality of its culture. (Robert T. Herres)

Purchase Without a Plan Decision (Unplanned Buying)

Purchasing decisions of customers without a plan is often done after entering the store, supermarket, or mall. As disclosed by marketing expert on Easwar S. Iyer that the purchase of customer products with no plans made at the time in the store and not a priority at the time before entering the store. In other words as an unplanned impulse buying, the customer purchases made without the prior plan.

Henry Assael added, when customers shop, customers often make purchase decisions in-store rather than put before entering the store. This happens as a result of environmental influences in-store displays, especially factors, the arrangement of shelving, packaging, and the price offered rather than a planned purchase (preplanned purchase) which is a purchase where the customer has set or find out what products will be bought before entering a store.

Consequently, these factors play a role in-store stimuli in influencing purchasing decisions that are not planned in advance. In unplanned purchases, customers tend to rely on the information available in the store and did not occur in-depth information processing.

Just Do It

Trust in yourself for the salesman is a key for successful performance. Belief in yourself is a reflection of an independent soul. And an independent soul is the courage to take risks and responsibility within the limits of capabilities.

Many people who have the knowledge, expertise, and skills in many ways, but do not do something in keeping with the expertise and skills he has. Why? Because people have no confidence, so do not want to try and do not dare to try. This is a psychological threats that was created or made themselves, in the form of fears and doubts that are not groundless.

Be Brave
Conversely, many people have minimal knowledge and skills, but because of strong self-motivation, he was driven to do something and then succeed. After an examination of cases like this, the key lies in: "the courage to try". Try to do something on what you dream off, don't think too much, Just Do It!

Situational Factors In Customer Purchase Decisions

Purchasing behavior may occur due to stressful situations consumers to make purchases which appear in various places and times that have not been determined previously. Influence situation is deemed by Russell W. Belk as the influence arising from particular factors to a specific time and place. Belk further explained that there are five characteristics of the consumer situation that can only affect customer behavior, namely:

1. The physical environment
2. Social environment
3. Time
4. Task
5. Antecedent circumstances.

While some other marketing experts. Whan Park, Easwar S. Iyer, Daniel C. Smith suggested the existence of two situational factors, namely:
(1) Knowledge of the store and (2) Availability of time to shop that makes the consumer intends to make a purchase, whether have been planned, without a plan or changing the brand or product to be bought.

Store of knowledge is defined as consuming information in store layout and configuration, including the location of products and brands. Availability of time for shopping is the consumer's perception of time needed to carry out shopping activities with the time available.

Availability of time may also influence consumer decisions in certain situations. Due to time pressure, consumers will progressively reduce information search time. The use of information available will also decrease, and negative information or unfavorable also participated into consideration in decision making due to time pressure.