Tuesday, 2 October 2012

The Business Halo

The Customer Experience & Journey




Author Paul R Gamble in the publication ‘Marketing Revolution’ (ISBN-10 0749449802) focuses on customer experience & the customer’s journey. These are journeys which result in positive bonding & commitment to wonderful products and places.  “Wow experiences” which deserve a consumer stamp of approval, a powerful and positive halo recommendation to other consumers.

Gamble states “Customer experience can be defined as the blend between a company’s physical performance & the emotions that evokes.  Matched & measured against their expectations of performance across all points of contact.  These points of contact might be called the customer journey”.  In other words this will be a “Wow experience – worth repeating again & again”.  According to Research International, brands delivering high emotional & functional benefits will typically experience retention rates of 84 percent & cross-sell rates of 82 percent, versus low-experience brands at average retention of 30 percent and cross-sell rates of 16 percent.

“Customer experience can be defined as the blend between a company’s physical performance & the emotions that evokes.  Matched & measured against their expectations of performance across all points of contact.  These points of contact might be called the customer journey”.