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Experience, Not Price, Drives Brand Loyalty: Blackhawk Network Survey

October 18, 2017
Plenty of surveys, including this one from Euclid, show that retail shoppers ultimately care more about price than experience. But long-term brand relationships are something else. Incentive program provider Blackhawk Network found that consumers rank customer experience, convenience and payment process far above price as reasons they remain loyal how to a brand. How far? Good customer experience was cited by 94% while low price was cited by just 57%.
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Emotional Connection Is Key to Brand Relevance: Prophet Study

October 18, 2017
But maybe experience isn’t enough? Heresy! Yet a fascinating report on “brand relevance” by the marketing consultancy Prophet found that consumers ranked Apple, Google, and Amazon as most relevant to their lives, while social networks Facebook, Instagram and Snapchat didn’t even make the top 50. The difference, according to Prophet, is the social networks don’t connect emotionally with their customers.
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Brand Customers Matter More than Brand Image: Chadwick Martin Bailey

October 18, 2017
More heretical still: the brand’s image matters less than the image of the brand’s customers. So argues research firm Chadwick Martin Bailey, which has just introduced AffinID Score, a way to measure how strongly consumers identify with their image of a brand’s consumer. “Strategic brands don’t win on price: they win on tribe,” says the research firm’s head of consumer psychology.
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Sailthru Study: Less than Half of Marketers Personalize Web Site or Mobile Apps

October 16, 2017
Truth be told, I have no news for you today. But I do have interesting studies about personalization. First is a marketer survey from Sailthru. You can almost hear the teeth grind as they report 75% of marketers think segmentation and personalization are the same thing and 65% believe email response rate is a critical success measure. Even more frustrating: while 91% of respondents personalize their emails, just 44% personalize their Web site and only one quarter personalize mobile Web, social media, or mobile apps. Worth a look.
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B2B Buyers Expect More Personalization Than B2C: Salesforce Research

October 16, 2017
Next we have the customer perspective. Salesforce surveyed B2B and B2C buyers and found that business buyers have significantly higher expectations about interactive and personalized experiences. Less surprising: Millennials and GenXers are more attuned to personalization than troglodytes Baby Boomers. But convenience is still king: while 52%of respondents are likely to abandon brands that don’t personalize their communications, 74% would switch because of a difficult purchase process.
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Data-Driven Personalization Yields 3x Uplift: Qubit Study

October 16, 2017
Surveys are nice but how about some real data on personalization’s value? The folks at ecommerce personalization vendor Qubit analyzed two billion customer journeys and 120 million purchases to find what worked. They found messages that highlight low-stock items, trending products, and time limits were most effective. Product recommendations were less so. But the main news is that messages driven by individual-level behaviors and preferences were three times more effective than non-targeted messages. Fascinating.
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Kroger Launches Marketing Network to Target Its Customers

October 13, 2017
As if the marketing landscape weren’t confusing enough, grocery giant Kroger has created 84.51°, an agency that runs marketing programs for packaged goods manufacturers wanting to reach 60 million Kroger-buying households. Channels include in-store advertising, co-branded Web advertising, and a private social network for Kroger’s most engaged customers. Are retailer-based marketing networks the next big thing?
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