As the world dramatically shifted in just a couple of years, so did the varied nuances of customer experience—from groundbreaking products and improved delivery channels, to simplified engagement strategies that are necessary for connected customers. With the landscape becoming increasingly competitive across all industries, these dynamics have become table stakes to succeed in 2022.
The simple truth is that businesses are finding it increasingly difficult to build and retain customer loyalty. The challenge for companies today is to not only make a mark in the minds of their customers but also to know your customer and create emotional customer connections.
Leading brands continue to harness the power of positive emotional connections to drive loyalty that ultimately increase the lifetime value of their customers. A Harvard Business Review study found that “fully connected and satisfied” customers were 52% more valuable than “highly satisfied but not connected” customers.1
The value brands realize from emotionally connected customers doesn’t end with increased spending. They often exhibit the following characteristics:
So what drives emotionally connected customers to engage?
According to a research by Deloitte, connected customers have a strong emotional attachment to brands based on trustworthiness (83%), integrity (79%), and honesty (77%).2 These attributes make absolute sense. Unfortunately, plenty of brands are still missing the mark, which results in less valuable customers and lower top-line growth.
Investing in initiatives to build emotionally connected customers is undoubtedly what organizations should focus on today. However, carrying out these ventures is an uphill battle. To begin with, businesses must gain a deeper knowledge of their market and customer journey through research.
It's not easy to capture your audience, let alone establish intimacy with them. It requires putting oneself into the customers’ shoes to determine the whole customer journey and draw the lines of when and how to connect.
Here are some guidelines that businesses need to start creating meaningful customer connections:
1. Know Your Customer
2. Market Shared Values Across Customer Touchpoints
3. Measure What Matters
Businesses must recognize the value of leveraging AI and automotive tools to improve customer experience. One of its advantages is to minimize repetitive tasks of frontline agents. By reducing their workload, more time can be spent on creating genuine interactions, which can eventually lead to a positive customer experience and emotionally connected customers.
References
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