Relationship Marketing Flashcards
Brand touchpoints
Pre purchase
Purchase
Post purchase
Transactional marketing
Single sale
Product feature focus
Little customer service focus
Limited customer commitment
Relationship marketing
Customer retention
Product benefits
High customer service
High customer commitment
How to do crm
Personality marketing
Continuous contact
Basis of CRM
Build and maintain LTR Based on trust and commitment Emphasis on retaining customers Encourages frequent customer contact Forster customer commitment
Leaky bucket
Chase new customers, ignore old customers
Customer pyramid
Platinum gold iron lead
Different levels of CRM
Basic
Reactive
Accountable
Proactive/partnership
Framework for crm
Database Analysis Customer selection Customer targeting Relations marketing
Core service
Ideal
Attract new customers meeting needs
Keep old customers with quality
Sell additional products
Customer relationship
Identify customer traits
Tailor services
Augmentation
Genuine extras
Relationship pricing
Better customer is better price
Internal marketing
Staff are internal customers