
Beyond Loyalty: The Business of Engaged Customers
Having engaged customers is quickly becoming a top priority for senior executives. In a recent Conference Board study, CEOs cite customer loyalty as being more important than innovation, corporate reputation and speed to market.
Just as engaged employees have an emotional commitment to their organizations, engaged customers have an emotional connection to providers that distinguishes them from customers who are merely "satisfied" or "loyal."
Engaged customers are the most valuable asset an organization can have because they ensure sustained and profitable growth. They are the first to:
Customer engagement drives directly to the bottom line: Engaged customers deliver a 23% premium over average customers in terms of wallet, profitability, revenue, and relationship growth. And companies that successfully engage customers outperform their peers by 26% in gross margins and 85% in sales growth (Gallup).
Performance Connections knows that having engaged customers is not enough. You need engaged customers whose profiles are aligned with your targeted segments and business strategy.
Developing Engaged Customers
Customer engagement ultimately represents the alignment of your brand promise, business processes and customer experiences. But what contributes to customer engagement most is how customers feel about their interactions with the people in your organization. Harvard Business Review reports that the customer’s experience still depends entirely on the employee who interacts with the customer.
Learn how Performance Connections’ unique customer engagement approach can inspire your organization to reach a whole new level of success.
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