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Why Is Loyalty Important Essay
Loyalty and satisfaction do not always coincide
The importance of customer loyalty
Customer loyalty is a key piece for the performance of a company, logically. However, offering an innovative, quality product or service is not enough today to get loyal customers. Their loyalty, therefore, is necessary through effective loyalty strategies, capable of fostering that trust and loyalty.
In the field of marketing, loyalty is an essential concept for customer-oriented companies, which pursue a long-term relationship with end users. In practice, the objective is none other than to achieve customer loyalty, that is, a consumer who has purchased our product or service becomes a regular customer who, even better, also recommends us.
Loyalty and satisfaction do not always coincide
Customer satisfaction does not always guarantee that they will remain loyal to the company. Although being satisfied will influence their loyalty, this does not prevent them from deciding to also purchase products or services from the competition. Therefore, there are a series of factors that also influence when choosing our company or that of the competition.
In this sense, loyalty intends that these factors add instead of subtract when making decisions. Or, what is the same, it seeks to develop a loyalty strategy that makes the customer feel well cared for, at a point of balance between the extremes of carelessness and excessive insistence.
An effective loyalty strategy, therefore, seeks to cover the needs of the client, -always within what is feasible-, responding to their requirements in different aspects and in a personalized way to know their preferences, understand their needs, and respond or, even better, Exceed your expectations.
The importance of customer loyalty
Loyalty strategies involve differentiating yourself from the competition, listening to the customer, offering news, improvements, and, in short, reverting to a better service, and this is not only a way of retaining old customers but also new ones, as well as attracting potential customers.
The importance of customer loyalty goes beyond the fact that the number of potential customers will end up stagnating and retention will be mandatory. In addition to the fact that retaining is cheaper than acquiring new customers, loyalty is necessary due to the increasing competition.
Every business, without a doubt, should try to retain its best customers, and loyalty strategies are geared towards this end. Loyalty, on the one hand, allows the business to grow, but on the other, it can be of great help to maintain a fixed income that helps us to maintain the business.
In turn, the implementation of a loyalty program helps to reorient the business according to the needs of customers direct the company to seek efficiency, and add real value to the relationship with the user. Not in vain, as long as smart loyalty strategies are applied, strong loyalty to a business or a brand ends up translating into profitability and business value.
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