Future of personalizing the customer experience

The standards of customer service are evolving. Personalization, prompt and efficient service, a comprehensive understanding of every client, and a linked experience are the bare minimum requirements. While some companies have recognized the development and customized their go-to-market strategies to meet customer demands, many are still failing to live up to customers’ expectations for wonderful experiences. Engaging and personalized customer experiences are crucial to reaching your business goals. Your data management and analysis procedures are essential for developing highly personalized client journeys that boost your brand’s income and engagement over time.

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The key to data-driven is essential to your business

Customers expect personalization is effective. Data is increasingly used by businesses to communicate their stories since it fuels continuous expansion. Inactive customer loyalty programs represent a lost opportunity. It can be linked to a number of things, but in the end, it depends on how your program operates and what it means to your clients. Customers are expecting a more personalized experience from the websites they use to conduct business. According to a recent Epsilon survey, 90% of consumers viewed personalization to be either extremely or somewhat desirable. Additionally, “70% of consumers feel a company’s comprehension of their specific demands influences their loyalty,” according to Salesforce. Your failure to customize the customer experience may very well negatively impact your business perception and conversation rate. Personalization is a powerful marketing weapon if you’re trying to differentiate your business from your competitors. 

6 steps of data-driven to a highly effective award program

Information and data are the starting point for all activities. A plan before it is put into operation should be considered carefully for building and maintaining metrics for the award program. All planning steps need careful preparation, the right decisions, and smooth operation to result in a loyalty program that is perfect, fast, and accurate data statistics. 

1. Analytics customer data

A successful Marketing campaign is one that reaches the right potential customers, thereby increasing the effectiveness of the campaign while saving the maximum implementation costs. Customer information management is to control the interaction activities between businesses and customers to form business relationships. Today, building a customer information management system is a method for businesses to approach and communicate effectively with their customers. This process includes all customer-related data, such as contact information, current purchasing needs, transaction history, etc. From there it is collected, analyzed, and reported to help with the sales and marketing process of the business. However, customer data is scattered in many places, making it difficult for management to have a comprehensive view of customers. Not to mention, the fact that sales staff manually manage customer information on Outlook and Excel files after leaving work causes the company to lose a certain number of customers. In the modern technology era, there are many customer information management software to help businesses do the above work easily and conveniently, and a CRM customer relationship management software can help businesses to solve this.

2. Using AI to improve customer experience

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AI is great at working at scale and bridging the gap between what consumers say they want and what they actually want. For example, you can make customer experience changes by conducting extensive consumer surveys. However, while this method can improve the experience in only some areas, it will fail in others. Why? Because you only capture the opinions of people who are willing to take a long survey and these are probably the people who are already invested in your brand. It doesn’t tell you enough about how to improve the experience for the average or unhappy customer.

AI leverages what you know about your customers to predict intent and eliminate the need to contact customer service. While in the past, there was some debate about the role of AI in business, that debate is now over. In a world where customer experience is now a priority for businesses, AI answers, it does. It turns the numbers in the database into useful insights that improve customer loyalty and ultimately drive sales. 

3. Diversify the form of the award program

Momo and VinID are at the forefront of integrating gamification into customers’ reward programs. Instead of only accumulating points when using, customers can now increase their accumulated points through simple games at home. Pop-up events and minigames like these will help customers not get bored with the program, as well as motivate them to accumulate more points. The fact that the redemption events are too far (once a year) or there are no outstanding activities to receive points, will lose the motivation to accumulate points from customers. In addition, customers also tend to buy from other business partners if they can accumulate bonus points for minigames. Leverage and develop a loyalty rewards program that provides hyper-personalized rewards to excite and engage users, and create a shopping experience in which purchases are made to enhance quality of life and enhance potential.

4. Personalization and Omni-channel customer service

Using data to create dynamic, deeply personal experiences for your customers will increase their trust in your brand and make them choose you over and over again over your competitors’ choices. A good customer information management system leads to a perfect loyalty program. But without a professional customer information management system, businesses do not have enough tools to record and control feedback from customers well. Each customer’s experience is different and difficult to measure accurately if we do not update it regularly, continuously, all the time. In the current situation, omnichannel experience has become one of the important factors for customer satisfaction and building customer loyalty. Communicating and staying active through channels of communication with our customers makes us part of their daily lifestyle until it becomes natural to check information and be interested in the business. Regularly, customers receive the buying experience through channels easily while saving a lot of costs and personnel for businesses.

5. Creating positive emotion

Customer loyalty program is a part of the business in that customers do not need to come in person, so we need to be professional whether or not customers use this service. Many programs fail because of features that are difficult to use, cause difficulties, boredom, and do not interest customers. If we still use a mechanical method to reach customers, this is very ineffective. We always aimed at personalizing the experience for customers, so they will receive unique privileges. Through this program, customers will always be the first to experience the latest products, have the earliest promotional information and enjoy the most special benefits. The combination of convenience, customer insight, and emotional engagement will drive customer loyalty and increase profits for the business. Loyal, emotionally engaged customers not only spend twice as much as non-engaged customers, but 80% of them will recommend the brand to friends and family.

6. Optimal Business Ecosystem

A business can develop many different types of businesses, and build a community of its own users. Whether you use electronic shopping services, drugs, food, etc… Customer information is always systematized in the chain of stores and updated accurately and continuously. The integration offers a great experience, without spending a lot of time on creating a loyalty account while maintaining a wide range of items at their disposal. Frequent repetition of a business will create consumer behavior habits of customers, increase their ability to use products and services, and establish re-choices. With a solid customer data management strategy, you can focus on establishing a digital lifestyle ecosystem that drives business in a sustainable way through the co-creation of shared value. Maximize revenue through granular product targeting and implementing a powerful and well-informed recommendation engine that can deliver personalized prices and offers based on customer purchasing behavior. Reduce customer acquisition costs by improving retention rates through increasing brand engagement and turning loyal customers into brand advocates. Additionally, reduce operational costs by automating workflows, and streamlining customer interactions.