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Mobile Conversion Still Impeding Mobile Adoption

Despite the meteoric rise of Ecommerce, mobile conversion rates are still a critical issue for retailers. A recent study from Mobile Ecosystem Forum shows that 58% of customers abandon mobile transactions at the shopping cart due to concerns over providing sensitive information, connectivity issues, or frustration with the length of the process. Yes, that means more than half of your mobile customers are ditching purchases all because of inconsistent mobile experiences. Some may revisit their purchases via desktop or stores, but there will be a significant attrition rate.

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Post-Purchase Marketing Key to Customer Retention

The idea of lifecycle marketing evolved in leaps-and-bounds last year. But brands are still having a difficult time when it comes to execution. According to a new study by Koyne, only 61% of companies are satisfied with their customer marketing efforts, and more than 90% of respondents agreed that lifecycle marketing is very important to their success. Yet for many brands, creating a fully realized strategy is too complicated in a highly fragmented, cross-channel world.

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Customer Loyalty Is Changing—And You Should Too

Retailers are squandering time, energy, and investment on outdated loyalty models that don’t work. According to a recent Accenture survey, 78 percent of U.S. consumers are retracting from loyalty programs. Most of that withdrawal can be attributed to customers flocking to the most evolved programs that are more aligned to their expectations and needs.

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Loyalty to Resurrect Declining App Market

2017 is shaping up to be a tumultuous year for apps as US downloads dropped 20% YoY according to Nomura. In the same study, they noted that the average American downloads less than 1 app per month, showing a steep decline in a market that saw frenetic and investment in previous years. While the bubble may have burst on the app market in 2016, the good news is 2017 will bring many brands back to the drawing board on the purpose of their apps.

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The Key to In-Store Success? Think Like ECommerce

Media Post originally published this article Retailer stores are in a state of turmoil. Traffic is in sharp decline and it’s dropping faster than solutions are being executed.

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Adapting to the Changing Customer

Our team has been thinking about the changing customer quite a bit lately. As a leader in customer insights and customer loyalty, we quite literally see the customer change before our eyes through the actions they take with our clients. What we’ve seen leads us to a critical topic that we don’t cover often. The fallacy of control. Every marketer has this thought at some point that they can control their customer. Through the tools at their disposal they can push customers to perform like a marionette on strings, pulling levers to illicit response.

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Social Trends 2017: Social Channels to Become More Visual

Social media has always been a visual experience. From the invention of Facebook, one of the main attractions was the socialization of pictures that could be shared and viewed. Fast-forward a decade or so and the same holds true, but visual elements are even more aggressive. If we look at the most popular social networks, as well as those that have taken the steepest decline, we can show how visual the medium is for consumers.

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Measuring Loyalty Success

If you remember, all the way back in part one of this loyalty series, we began with foundations of measurement and understanding your customer’s behavior. We identified the importance of clear and concise KPI’s and the dividends they will provide throughout the lifecycle of the program. Now it’s time to harness that foundation. As we started with measurement, we end with measuring your customer and loyalty achievements for incremental gains.

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4 Quick Wins for Capturing Customer Data

We all know first-party data is king. No other form of data provides a better view of the customer than a brand’s own customer data. Having a 360-degree view of your customer lets you understand their shopping behavior by allowing brands to more readily speak to consumers through preferred channels, provide more personalized communications and ultimately increase consumer engagement. This is a win for both consumers and brands. While there are many benefits, capturing data remains elusive.

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Time-Tested Lessons for Launching Loyalty

Executing a loyalty program is a massive undertaking, but we’ve built a solid foundation through research, strategy and financial modeling in previous sections. Even so, tight deadlines, technological barriers and cross-channel fragmentation are just some of the myriad of issues that spring up like a game of Whack-A-Mole. In part 4 of Baesman’s loyalty series, we’ll provide some tips and strategies to secure a successful launch and consistent wins as the program evolves. Data & Technology Real-time data is superior to batching.

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Identifying Profitability for Loyalty

In the initial two phases of loyalty strategy, we identified key KPI’s that will lead to success and influence the program structure. In phase three, we will quantify the program’s likelihood of profitability through a financial model.

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