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Loyalty.com: Customer Relationship Management in the New Era of Internet Marketing
 
 

Loyalty.com: Customer Relationship Management in the New Era of Internet Marketing [Kindle Edition]

Frederick Newell
4.0 out of 5 stars  See all reviews (3 customer reviews)

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Product Description

Amazon.co.uk Review

A few years ago, everybody with a product to sell got a dose of the same religion. In marketing circles, it's called customer relationship management or CRM. In your house, it's probably called, "How the hell did I end up with all these plastic cards in my wallet?" Your grocery store offers you special discounts if you bring one of those cards to wave over their scanner. If you travel, you probably have "loyalty cards" from airlines, hotel chains and car-rental companies. All these discount and loyalty programmes allow the companies to build substantial databases about you--your preferences and patterns--but they also depend on you to do the work, to lug those plastic cards around with you, keep track of your points and miles, on and on.

There are better ways to build customer relationships, argues Newell. He caused a stir in 1997 with The New Rules of Marketing, and now with Loyalty.com he wants to cause another one by declaring that most companies attempting to create customer loyalty are going about it all wrong. In fact, he shows that areas with the most aggressive loyalty programmes tend to have the least loyal customers--and vice versa. Today, writes Newell, the Internet has made market research cheaper and faster than ever. Software can be designed to predict what a customer will want before she knows she wants it, and the company can go straight to that particular customer to suggest she buy that particular product, rather than showering millions of potential customers with hundreds of product solicitations. It's not easy, and pitfalls abound, as Loyalty.com shows (the issue of customer privacy alone will be the subject of endless legislation in coming years). But the company that masters customer relations will be rewarded with both loyalty and profits. --Lou Schuler, Amazon.com

Product Description

Strategies to build rock-solid customer loyalty in the age of E-commerce. Online retailers like Amazon.com and e-Bay are changing the face of shopping--much as malls did in the 1970s--and companies must master new rules to keep customers coming back. Loyalty.com shows companies how to shift their focus from impersonal database marketing to true customer relationship management (CRM), blending CRM and Web strategies to outline a program for lasting customer relationships.

Case studies and real-world examples show CRM in action and provide E-commerce marketing strategies for both business-to-customer and business-to-business success. Packed with analysis tools and measurement techniques for holding customers in an increasingly fragmented marketplace, Loyalty.com covers--then goes beyond--Internet and e-mail to reveal comprehensive programs for keeping customers well into the 21st century.


Product details

  • Format: Kindle Edition
  • File Size: 456 KB
  • Print Length: 358 pages
  • Page Numbers Source ISBN: 007138782X
  • Publisher: McGraw Hill Text; 1 edition (4 Jan 2002)
  • Sold by: Amazon Media EU S.à r.l.
  • Language English
  • ASIN: B000FA5LWW
  • Text-to-Speech: Enabled
  • Average Customer Review: 4.0 out of 5 stars  See all reviews (3 customer reviews)
  • Amazon Bestsellers Rank: #485,217 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
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Frederick Newell
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Customer Reviews

Most Helpful Customer Reviews
1 of 1 people found the following review helpful
By A Customer
Format:Hardcover
This is a book full of ideas for busy execs who need to move their companies faster into managing their customer relationships, and for the teams who have to make it happen.

It is packed with straightforward thinking (eg shows how relationship management is all about reinforcing some customer behaviours and changing others and how to do it). Fred. Newell offers good advice like "don't start with the technology". Lots of neat frameworks, like the four things customers want to tell you (eg point 4. eliminate the issues the customer does not care about) Each step is illustrated by credible examples, ranging from global consumer brands to B2B specialists, well known companies on both sides of the Atlantic. Short punchy chapters are very accessible and each section is summarised.

I recommend part three where he gives a series of successful case examples, like packaged goods marketers, financial institutions, B2B firms and retailers - Boots the Chemist example from Uk is very relevant for its creative thinking built on life-like insights into its customers. For me, Fred. brings CRM to life.

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1 of 1 people found the following review helpful
By A Customer
Format:Hardcover
This book is very interesting but I expected more. Its focus is essentially on the benefits of CRM...

I have been convinced that successful companies must develop marketing one to one strategies for while now. Hence I expected more !!! The numerous examples mentioned in the book re-confirm these ideas...

In general, I enjoyed reading this book however I did not learn much. loyalty.com is well written and properly documented. Read it !!!!

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0 of 2 people found the following review helpful
By A Customer
Format:Hardcover
I have just read this and E-CUSTOMER by Mckeown: No contest on the loyalty front. Where is the spirit? Where are the answers? As Mckeown says, "the relationship is NOT IN the CRM software"! Read and reinvent - More radical AND useful that Permission Marketing, Customer.COM, or even (dare I say) Loyalty.com :(
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