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Improving Customer Loyalty through Life Cycle Communications

Improving Customer Loyalty through Life Cycle Communications. Joellyn Sargent, Vice President, Marketing Premiere Global Services Tuesday, August 8 . DATING. MARRIED. ENGAGED. It’s not enough to be satisfied. Satisfied. Loyal. Advocate. Previous transactions met expectations

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Improving Customer Loyalty through Life Cycle Communications

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  1. Improving Customer Loyaltythrough Life Cycle Communications Joellyn Sargent, Vice President, Marketing Premiere Global Services Tuesday, August 8

  2. DATING MARRIED ENGAGED It’s not enough to be satisfied Satisfied Loyal Advocate • Previous transactions met expectations • Minimal emotional connection • No prediction of future business • Some degree of emotional engagement • Greater share of wallet • Better customer retention • Higher purchase frequency • Passionately attached • Will definitely purchase again • Long term relationship • Will recommend to others • Wants your business to succeed

  3. % Promoters - % Detractors = NPS “The Ultimate Question” “Would you recommend this product or service to an associate, friend or family member?” • Trusted bands earn high Net Promoter Scores: • USAA - 82% • Homebanc – 82% • Harley Davidson – 81% • Costco – 79% • Amazon – 73%

  4. Advocacy Drivers Proactively reach out with relevant information Recognize me by name PersonalizedExperience Company Cares About Me Do what’s in my bestinterest, evenif it costs less Allow me toselectpreferences Help me avoid hassles (or worse) Remember mypast transactions Customer Controlsthe Interaction I decide which communications to receive I can stop or start a dialog I have flexibility and choice

  5. ACTIVATION • WELCOME CALLS • START-UP INSTRUCTIONS • ADDRESS CHANGES • ACTIVATION CONFIRMATIONS COLLECTION • LATE PAYMENT REMINDERS • FIRST- AND THIRD-PARTY COLLECTIONS • ACCOUNT RESOLUTION SERVICE • OUTAGE AND RESTORATION NOTIFICATIONS • PROACTIVE SERVICE ALERTS • SCHEDULING AND CONFIRMING APPOINTMENTS RETENTION • RENEWAL REMINDERS • UP-SELL AND CROSS-SELL PROGRAMS • PROMOTIONS AND SPECIAL OFFERS Every Interaction is an Opportunity The Customer Lifecycle Proactive Communications:Deliver important information beforea customer calls, improving service and building customer relationships

  6. Welcome /Launch Service /Support Up Sell /Cross Sell Retention / Collections Examples of Lifecycle Communications GOAL Increase Revenues Improve service, reduce support costs Earn greater “share of wallet” Limit attrition, reduce churn ACTION Ensure new customers ramp-up quickly Shift from reactive to proactive communications Promote new services, sell more applications to each customer Encourage contract renewal, keep credit card info current, reactivate lapsed accounts APPLICATIONS • Account Activation • Service Activation • LNP Status Alerts • New User Instructions • Trouble Tickets • Outage Notifications • Service Windows • Restoration Alerts • New Service Offerings • Service Upgrades • New Features • Credit Card Expiration / Renewal • Contract Renewal • Inactive Accounts

  7. E-MAIL VOICE FAX SMS Customer Profiles • Multiple Modes of Communication • Customer Determines Mode of Preference • Different Types of Messages, Different Modes

  8. Retail Marketing Promotion • A large children’s clothing retailer uses Premiere’s Marketing Promotions solution to send voice coupons to over 2.2 million of their customers. • Send thousands of messages in minutes • Reach the target audience with effective and low-cost automated marketing messaging • Highlight time-sensitive sales and specials to drive store traffic and increase revenue • Increase attendance to shows and events through powerful promotion

  9. Post Delivery Survey Proactive follow-up with speech based survey replaces leave-behind post cards for major outsourced delivery company • Reduce survey bias and improve accuracy • Accelerate survey development • Increase completion rates with an engaging speech interface • Improve response rates through “confidentiality” and consistency of interviewing with an automated system • Quickly receive survey results

  10. Fraud Alerts • Reduce losses and improve profitability by decreasing fraudulent activity • Contact more customers, faster, to improve security and build customer service • Protect customers against stolen account information and fraudulent credit card transactions • A 2005 survey from Research & Markets showed: • 73% of consumers surveyed highly value email alerts relating to unusual bank account transactions • 72% of customers surveyed want the ability to receive immediate electronic alerts of suspicious transactions in a credit or debit card account

  11. Loyalty Benefits of Speech • Increase satisfaction for customer support functions • 24x7 service • Faster access to info • Provide higher level of service through live agents • Implementation tips • Start small & simple • Educate customers • Use multi-channel communications during deployment (mail, e-mail, voice messaging)

  12. Proactive Customer Communications Reach out to customers before they call you • Proactive approach improves satisfaction • Reduce demand on call center staff for reactive support • Generate alerts automatically based on business rules • Use speech technology or touch tone for actionable data capture

  13. Million dollar public company – 2 decades in messaging Enterprise customers with over half of the Fortune 500 Global employees with offices in 52 cities in 19 countries Communications per day through our scalable platforms Modes of communication for multiple business processes Largest messaging platform worldwide(based on outbound capability) About Premiere The Story is in the Numbers 500 60,000 2,200 16M 4 1

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