Customer loyalty Archives

Mastering Personalized Marketing with Decile CEO Cary Lawrence

March 12, 2024 Brent W. Peterson

In this episode of Talk Commerce, I had the pleasure of chatting with Cary Lawrence, the CEO of Decile, a customer data and marketing platform built by marketers for marketers. Cary shared her passion for food and cooking, but more importantly, her deep insights into the world of data-driven marketing. Join us as we delve into the power of first-party data and how Decile is helping marketers create personalized experiences that drive customer loyalty and profitable growth.

Navigating the Cookieless World with Decile

Cary explained how Decile is well-positioned to help marketers thrive in a world without third-party cookies. By focusing on identity-based marketing and leveraging first-party data, Decile enables marketers to create personalized experiences without relying on device IDs or cookies. As someone who values privacy, I appreciate Decile’s approach to using data responsibly while still delivering value to customers.

The Art of Personalization: Balancing Relevance and Privacy

One of the key challenges in personalized marketing is striking the right balance between relevance and privacy. Cary emphasized the importance of creating an equal value exchange, where customers willingly share their information in return for personalized offers and experiences. By leveraging machine learning to analyze customer attributes and behaviors, Decile helps marketers deliver targeted messages that resonate with individual customers without crossing the line into invasiveness.

Finding Your High-Value Customers with Predictive Analytics

Cary shared a fascinating insight: the top 10% of customers are often responsible for 40-60% of a company’s revenue and profit. This highlights the importance of identifying and nurturing high-value customers. Decile’s predictive analytics capabilities help marketers identify not only their most valuable customers today but also those with the highest propensity to purchase in the future. As a marketer myself, I can attest to the power of focusing on retention and extracting more value from existing customers.

The Future of Marketing: Sustainability, Loyalty, and AI

Looking ahead to 2024 and beyond, Cary identified several trends that will shape the future of marketing. Sustainability, both in terms of packaging and product, will continue to be a key focus for consumers, especially younger generations. Customized loyalty programs that cater to individual preferences will become more prevalent. And while the role of AI in customer service is still evolving, Cary believes that generative AI and chatbots have the potential to streamline and improve the customer experience, provided they are executed flawlessly.

The Final Data Bit

My conversation with Cary Lawrence was a fascinating deep dive into the world of data-driven marketing. As marketers, we have a responsibility to use data ethically and responsibly, always keeping the customer’s best interests in mind. By leveraging the power of first-party data and predictive analytics, we can create personalized experiences that delight customers and drive profitable growth. If you’re looking to take your marketing to the next level, be sure to check out Decile and the innovative work they’re doing in the space.

The Art of Clienteling: Building Customer Loyalty with Casey Drake

January 29, 2024October 24, 2023 Brent W. Peterson

Hello everyone. Brent, again, and today, I’m excited to share a special episode of our podcast with you. This episode features a fascinating discussion with Madeleine Anderson and Casey Drake from Endear. We discuss clienteling, its evolution, and its importance in retail sales. We also touch on the role of associates in clienteling and the impact of COVID-19 on loyalty and customer engagement.

The Art of Clienteling

Casey Drake, VP of Sales at Endear, is not just a sales expert but also a passionate entertainer. She runs a YouTube channel where she tries to make people laugh and be interested in her content. I must admit, her style of humor is quite different from mine, which tends to make people want to leave. But let’s get back to the topic at hand – clienteling.

Casey explains that clienteling is proactive sales outbound activity in retail. It’s all about ensuring that customers have an exceptional experience, love their products, and are informed about new products and different ways to purchase them. In essence, it’s retail’s fancy word for sales.

The Evolution of Clienteling

We then moved on to discuss how clienteling has evolved over time. Casey references the show “Marvelous Mrs. Maisel” and explains that clienteling originated from the cutthroat world of retail sales in the 50s and 60s. Salespeople relied on their contacts and provided personalized service to customers. We also reminisced about an episode of “Gilmore Girls” that showcases the high level of attention and service provided to customers in the past.

The Role of Associates in Clienteling

Casey highlighted the significance of associates in Clienteling. She emphasized that when customers enter a store, the first person they encounter is an associate, and that person becomes the face of the brand for the customer. Customers’ loyalty and attachment towards a brand are often influenced by their interactions with these associates. Casey gave an example of a client who prefers shopping at Lululemon because of her attachment to a specific associate, even though Alo Yoga offers a better product at a better price.

Clienteling in High-End vs. Mass-Market Brands

Madeleine Anderson then asked about the difference in clientele between high-end brands like Diane von Furstenberg and mass-market brands like Target. Casey explained that bigger department stores still focus on clienteling, mainly because of their commission-driven sales approach. However, she believes that smaller brands can compete by adopting new technologies and providing a higher level of service. She also mentioned that the success of clients’ telling lies in the hands of the designers who can put passionate associates in their stores and maintain communication with customers.

The Challenges of Scaling Customer Service in Retail

The conversation shifted to the challenges of scaling customer service in retail. Casey suggested that retail needs to reset its approach to incentivizing associates and customers. She also emphasized the importance of personal messaging in clienteling. For instance, marketing for events at a store can be considered retail marketing, and messages should come from the store and be written in a conversational tone. Two-way communication and the ability for customers to reply to messages are also crucial.

Personal Experiences with Being Clientele

Casey shared that he has never been personally clientele by anyone, but he has successfully influenced others to become clientele of certain brands. He mentioned that he is a target shopper and not a big spender on clothes, but he still loves the brands they work with.

The “Great White Buffalo” Brand

Casey shared his “great white buffalo” brand, Farideh, a men’s brand that he admires. He talked about the founders and their cool factor. Madeleine joked about calling it a “white bison” in North Dakota.

Advice for Retailers

As we concluded our discussion, I asked Casey for advice on how retailers can improve their client-telling efforts. Casey emphasized the importance of data and tracking, as well as incentivizing associates and customers.

Upcoming Webinar and YouTube Channel

Casey announced a webinar they will be hosting on Wednesday at 2 pm Eastern Time. The webinar will feature Shopify and Psycho Bunny, discussing Psycho Bunny’s story of getting set up within Shopify. Casey also encouraged listeners to follow and subscribe to his YouTube channel, Casey from Endear, for great content. Madeleine added that the webinar will be available on their website even after Wednesday, October 25th, and Casey mentioned that he will also upload it to his YouTube channel.

Wrapping Up

Casey asked me about my favorite memory from the podcast’s 200 episodes as we wrapped up the episode. I mentioned that I don’t have one specific favorite memory but enjoy learning something new from each episode. I see the podcast as a learning activity and hope listeners can take away actionable insights from each episode.

Casey congratulated me on reaching 200 episodes, and I mentioned that the episode would be released the next day. I joked about having extra time to edit because I am in Hawaii.

I hope you found this episode as informative and engaging as I did. Stay tuned for more insightful discussions in our upcoming episodes.

For more podcasts about Marketing

Amena_Ali_TalkCommerce_Podcast_Reverse_Logistics

Revolutionizing Returns: Harnessing the Power of Reverse Logistics with Amena Ali

February 2, 2024July 25, 2023 Brent W. Peterson

In this engaging episode of Talk Commerce, Brent Peterson sits down with Amena Ali, CEO of Optoro, a company specializing in optimizing returns and reverse logistics for businesses. They delve deep into the world of e-commerce returns, discussing how an effective returns management process can greatly enhance customer experience and loyalty.

Amena shares insights on how retailers can manage returns to improve their bottom line, using AI to evaluate fraud risks and facilitate instant exchanges. She sheds light on the importance for businesses to adopt a customer-centric returns policy similar to Amazon’s and the role of technology in making this happen. From discussing the importance of efficient inventory restocking to the increasingly critical role of reverse logistics, Amena provides merchants with valuable advice on enhancing their e-commerce strategy.

This episode is an eye-opener for retailers seeking to upgrade their returns management system, raise customer satisfaction, and, ultimately, increase sales. Whether you’re a small-scale e-commerce business owner or an enterprise-level retailer, this candid conversation with Amena Ali offers valuable insights into transforming returns from a problem into an opportunity.

More Podcasts about Commerce