How to drive brand loyalty through community-based marketing
Start in your customers’ backyard. Literally.
Consumers are experiencing decision fatigue. This coupled with ad targeting being more challenging than ever has yielded advertising results reaching all-time lows. When you also consider consumer buying preferences are changing — showing loyalty to brands that align with their values and care about more than the almighty dollar — it’s clear brands must adjust strategy.
Increasing customer retention rates by just 5% can have huge returns on overall profitability. Any brand can spend to get a consumer to buy once (although costs to acquire customers are also reaching an all-time high), but those that invest to build a long-term purchasing relationship are the ones who will win out. Here’s how.
Meet them in their backyard. Digital marketing is a great way to approach hyper-local marketing campaigns but while technology is great for scale, it’s a barrier for making real connections. Yes, ads are often served to consumers based on personal data like demographics or browsing history, but seeing a pop up for coffee while playing a game on your phone doesn’t seem too personal, does it?
Become a Ragan Insider member to read this article and all other archived content.
Sign up today
Already a member? Log in here.
Learn more about Ragan Insider.