CMOs Must Embrace Customer Retention As Well As Acquisition
by Lisa Bradner
with Jaap Favier, Kim Le Quoc, Evadne Cokeh
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Executive Summary
Marketing leaders spend too much time on acquisition while their best customers already buy their products. To retain these best customers — even in an economic downturn — marketing leaders must focus on the key loyalty drivers: prior experience, trust, and reliable service. By partnering with the customer experience organization and by owning the brand experience throughout the customer life cycle, marketing can help drive customer loyalty through better brand experiences.
TABLE OF CONTENTS
Loyal Customers Are A Brand's Best Friend
Marketers Must Understand Loyalty Drivers
Marketing: Become Your Customers' Advocate
RECOMMENDATIONS
Build Loyalty Through Better Brand Experience
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