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Customer experience. Internet Marketing. 7 facets of customer experience. Objective experience Perceived experience Encounter experience Reactions to stimuli experience Sensory experience Cognitive and emotional experience Relative experience. Stages of customer experience .
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Customer experience Internet Marketing
7 facets of customer experience • Objective experience • Perceived experience • Encounter experience • Reactions to stimuli experience • Sensory experience • Cognitive and emotional experience • Relative experience
Stages of customer experience • Functionality- “Works well” • Usability and ease of navigation, Speed, Reliability, Media accessibility, security • Intimacy - “They understand Me” • Customization, communication, consistency, trust • Internalization – “Its part of me” • Exceptional value,work becomes fun, participation in community, co-production • Evangelism – “Sharing with others” • Spread the word, defend your experience
Customer Relationships • Communal relationships • Exchange relationships
Involvement • Depends on • Product category • Situation • why you buy • Value from lower involvement – anonymity • Customer type – interests, values, attitudes
Why do firms need relationships? • Costs of serving existing customers is lower • Existing customers are willing to pay more • Reduces price competition by locking in customers
Reward Programs and loyalty All customers are not same Which ones to serve? Active versus passive customers LTV = Life time value
Stages of relationship • Awareness • Exploration and expansion • Commitment • Dissolution • Churn rate • Interactivity-Individualization matrix
Community • People • Conscious choice, critical mass of activity, trust • Processes • Benefits of scale, non-hierarchical, needs moderator • Culture • Encourage participation, pride • Technology • navigation
Types of communities • Information communities • Activity driven • Commonality driven • Hagel and Armstrong’s perspective
Value transfer • User to user • Administrator to user • User to Administrator