In this era of science and technology, we have a plethora of information about companies and businesses around us. It ranges from clothes, shoes, and edibles. According to an estimate, 80% of the customers think businesses play a crucial role in completing various social processes. Even we should call it an era of customers, where brands and companies compete with …
A public image of the company is also an asset. According to a study, 63% of the worth and value of any business is due to the public image. If an incident causes a bad reputation to the company, the very foundation of the company would be in great jeopardy. It would take approximately 7 years to overcome and recover …
Over time, every company wants to expand its product range. Some companies try to develop new products to its portfolio, while others develop the extension or remake of the existing products. A group of related products constitutes a product line, and the combination of different product lines makes the product mix, which is owned by the parent brand. For example, …
It is crucial for marketers to not only attract new customers but also retain existing customers. It is worth-mentioning that acquiring a new customer can cost you five times more than keeping the existing customer. If companies are unable to increase their customer base, they will be unable to survive in the long-run. Relationship marketing plays a crucial role in …
What is Customer Engagement? Customer engagement is the process of developing connections and consistently interacting with customers. When you interact and engage with customers, then it would build loyalty among them, and they would promote and buy your product. Most importantly, you should provide a unique customer experience to your customers. Technology has made it easier to start your e-commerce …
Personalize and one-to-one marketing means building a relationship with your target customers. It means that you have to understand your customers by learning about them so that you can change your strategy and behavior towards them. It’s easier said than done because training salespeople to be careful and attentive is one thing. But when you ask them to treat individual …
Many businesses and companies spend a plethora of capital and resources to grow their business and increase sales consequently. The point of all these efforts is to find the right marketing strategy to achieve the company’s objectives. Many marketers face the challenge of choosing the right strategy among various types of strategies; permission marketing or interruption marketing. Interruption Marketing means …
How many times you have signed up to received email notification and special offers from different brands and services. I know the answer, “Yes, many times.” When I open my email, I can see tons of notifications and promotions from digital products like MyThemeShop.Com, etc. Since I am a member of Hyper Mall, a local departmental store, they text me …
