The customer-based goals of brands are basically divided into two: Acquiring new customers and ensuring the loyalty, i.e. continuity, of existing customers.
It is very important to strike a balance between both goals. However, the term balance here should not be seen as “being proportional at a certain moment”. Depending on economic indicators, company targets and conjunctural developments, one may be given more weight than the other “at a given moment”.
Take for example the period when the phrase “It costs more to acquire new customers than to maintain customer continuity” was the favorite of the marketing world.
CRMs, loyalty programs, feedbacks, customer satisfaction… Not social media itself, but the diversity of its possibilities was just being discovered. The marketing world was looking for ways to create customer loyalty.
Of course, it is not possible to underestimate the concepts listed above or similar ones. Given that data is everything today, a customer-centric approach is also a unique resource.
However, experience has shown that focusing on customer loyalty alone cannot take brands very far. For example, we experienced a reality like the pandemic. The masses who were locked at home gave themselves to shopping. There was an incredible interest in online marketplaces and a significant increase in sales. This experience clearly showed that conditions are one of the main determinants, albeit sometimes extremely harsh and sometimes more flexible. Of course, in such an environment, it would not make sense to say “loyalty” and it would be a big mistake to ignore the new travelers of online marketplaces.
As a result of the development in communication technologies and the all-encompassing use of new media, the methods of accessing data have also diversified. Therefore, it was soon seen that it would not be wise to use the treasure we call data only for loyalty.
Moreover, Generation Z, the main actor of the new era, has changed the situation a bit. A generation that does not know what loyalty is, a generation that does not feel brand loyalty at all… Images, not emotions, drive them. A “collection of individuals” who focus on the responses they receive to their needs and expectations instead of establishing emotional bonds…
Conclusion?
At this point, the important thing is not to establish a continuous relationship with the audience you want to reach, but to establish a relationship that is constantly renewed, rebuilt at every moment, convincing and meaningful, but recurring without ever breaking. Something like “the first 50 kisses”… A relationship that is exhausting but never loses its excitement.
It is impossible to know how this relationship will change in the future, but this seems to be the key today.
So what, or what is it, that will ensure both the acquisition of new customers and the loyalty of existing ones? In other words, how do you turn golden data into benefits, differentiate your brand and make your messages heard amidst the suffocating cacophony?
There are many different critical elements, but here are the three most important ones: Creativity, repetition and continuity, consistency.
To put it very briefly, in order to attract the attention of consumers and stand out from your competitors, you must first produce creative content. Then you should deliver this content to your target audience with certain repetitions and continuity. While doing all this, you should analyze the data you have well and give messages that can meet the expectations of your target audience and the unique conditions of different channels, but that have consistency in themselves and activate the consumer by establishing the right connection with your brand.
If you can achieve this, it is possible to reach new and loyal customers at the same time.
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