Customer Loyalty Metrics
Customer loyalty can be measured through three key indicators: repurchase intent, increased spend, and word of mouth (net promoter score).
The intersection of repurchase intent, increased spend, and word of mouth provides a comprehensive indication of customer loyalty.
Effortless Experience
A frictionless buying experience is crucial for customer loyalty, as customers prefer an effortless interaction with companies.
The book "The Effortless Experience" by Dixon, Tomen, and Delisia offers empirical data and insights on customer loyalty, particularly valuable for small to medium-sized businesses.
Business Impact
Focusing on creating an effortless experience can lead to improved customer retention, increased sales velocity, and overall business stickiness.
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