Today, customer loyalty is dubious at best. People do not generally remember the product or the marketing that drew them initially to a website. They remember experiences. This is a culmination of the interactions they’ve had with you at every stage. When you offer an experience that makes your prospects and customers go “wow,” you will definitely keep them coming back; retaining customers will increase their lifetime value. But, more than ever, it's that experience you offer that will shape the product in your customers' eyes. Your value proposition will be how you meet their needs at every stage of the buying cycle. Here are three steps to improve your customer experience. 1. Identify where the customer lands in the customer journey. 2. Utilize marketing tools to create a personalized experience. 3. Track and understand customer behavior. You are expected to identify a company or a brand and elaborate on why they think that the company is fulfilling all three requirements and thus is a market leader.

Principles Of Marketing
17th Edition
ISBN:9780134492513
Author:Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:Kotler, Philip, Armstrong, Gary (gary M.)
Chapter1: Marketing: Creating Customer Value And Engagement
Section: Chapter Questions
Problem 1.1DQ
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Today, customer loyalty is dubious at best. People do not generally remember the product or the marketing that drew them initially to a website. They remember experiences. This is a culmination of the interactions they’ve had with you at every stage.

When you offer an experience that makes your prospects and customers go “wow,” you will definitely keep them coming back; retaining customers will increase their lifetime value. But, more than ever, it's that experience you offer that will shape the product in your customers' eyes. Your value proposition will be how you meet their needs at every stage of the buying cycle.

Here are three steps to improve your customer experience.

1. Identify where the customer lands in the customer journey.

2. Utilize marketing tools to create a personalized experience.

3. Track and understand customer behavior.

You are expected to identify a company or a brand and elaborate on why they think that the company is fulfilling all three requirements and thus is a market leader.

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