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Showing posts from August, 2019

Personalized Marketing: Best Practices And Benefits Of This New Strategy

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Marketing is the main pillar of any business. It focuses on the target audience and provides a particular solution for a pain point. The marketing process considers the competition in the market and creates a proper promotional strategy including the unique selling propositions of the products. One of the latest marketing techniques is called personalized marketing. What is personalized marketing? Marketing practices are continuously being changed and transformed to achieve a particular goal. Personalized marketing is considered as a strategy where individuals are targeted using specific techniques. The techniques adopted as personalized marketing for Salon by various marketing agencies target every customer using customized approaches. This is a one-to-one approach that a salon adopts to individually target customers and make them feel extra special or important to the business. Best practices of personalized marketing  The marketing strategies are fabricated by using ...

4 Customer Loyalty Program Misconceptions That Hinders Its Utilization

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Irrespective of the genre of business, loyalty programs should be designed considering all the factors. Even a small decision should be taken precisely so that the output can be maximized. There are certain myths that run in the business world regarding loyalty programs. These misconceptions might stop you from using the actual potential of a customer loyalty program to benefit your business. Misconceptions about loyalty programs 1. High expense It is a huge misconception that customer loyalty programs cost a business dearly. To proof this is a myth; a survey has revealed that retaining existing customers cost seven times less than creating a new customer base. In fact, the investment in loyalty programs will also generate revenue 2.5 times higher than normal marketing strategies as the existing customers will redeem rewarded points and other benefits. It is a small investment with a better return policy that can be added to your marketing strategy. 2. Complex and not easy t...