Iāve since learned that customer loyalty isnāt about just selling a product or serviceāitās about creating emotions worth coming back for.
How to Emotionally Lock In Your Customers
2. My logistics business failed because I focused on numbers instead of feelings. I chased new customers, ignoring the ones who could have become loyal. When the new ones stopped coming, my business collapsed.
1. Every transaction carries emotionsāboth for the customer and the business owner. Customers buy because they believe theyāre gaining more than theyāre giving up. But if they donāt feel emotionally satisfied, they wonāt come back.
I received this book as a gift yesterday and have been eager to read it to explore its relevance to Nigeria and Africa
Dear Business Owners, I will be sharing insights from this book and practical ways to apply its principles to your business
Iām working on something exciting
So, in closing, I ask you: Will you continue to focus on the numbers, as I once did? Or will you start paying attention to your customersā feelings, just as much as you focus on your processes?"
END OF THREAD
The comparison of the feelings customers want to feel and the feelings they actually feel, based on The Comeback Culture by Jason Young and Jonathan Malm
When you're dealing with peopleāand customers in particularāYOU'RE IN THE BUSINESS OF EMOTIONS.
Your product or service must resonate with the emotions of your customers. Itās this emotional connection that will ultimately determine whether they come back or not.
That was the key insight I missed. I was so focused on maintaining top-notch processes and chasing revenue that I overlooked the emotional satisfaction of my customers. As a result, I lost both the new customers and the ones who could have become loyal.
So, whatās the catch?
Neuromarketing research, including brain scan studies, reveals that emotional engagement activates the areas of the brain responsible for decision-making more strongly than rational processing does. Numerous other studies further support this finding
Many studies support this idea, including @kahneman_daniel renowned book "Thinking, Fast and Slow". One of the profound insights he shares is that 'customers prioritize how a product, service, or experience makes them feel over its functional benefits.'
Today, Iāve applied that lesson to my new business, https://t.co/qE0FnipfOo, and Iām here to share what Iāve learned: "How to make your customers keep coming backāeven without knowing why."
like food suppliers and fashion retailers werenāt calling back. It wasnāt until the business failed that I realized what had gone wrong. I ran out of new customers, and the consistent ones I should have focused on didnāt stick around because they werenāt satisfied with my service
Some days, I received as many as 15 orders, while on other days, it was just 2. I was thrilled by the numbers and focused on cashing out, but I overlooked a vital segment of my customersāthe ones with the potential to become consistent, repeat clients
In 2018, I started a logistics business. As a young man eager to make as much money as possible, I focused primarily on the number of orders I received each day...