CUSTOMER RETENSION
STRATEGY
PRESENTED BY
DAMYANTI WAGHELA
WHO IS A CUSTOMER?
A customer (sometimes known as a client, buyer, or purchaser) is
the recipient of a good, service, product, or idea, obtained from
a seller, vendor, or supplier for a monetary or other valuable
consideration.
WHY IS IT HARD TO RETAIN CUSTOMERS?
COMPETITOR’S
PRODUCTS
PRICE/SERVICE
DIFFERENCE
AFFILITY
TOWARDS
OTHER
BRAND
MULTICHANNEL
APPROACH
HELPS TO WIN MARKETS AND
ENCHANCE MARKET SHARE
1
MULTICHANNEL
ADVERTISING
WEB
ADVERTISING
SME
MOBILE
EMAIL
WEBSITE
DIRECT MAIL
CALL
CENTER
EMAIL
â–Ş Reminders to loyal customers
â–Ş Prescription can be sent via email
â–Ş PRIVACY of the customer is maintained
Website
Search engine optimization
(SEO)
â–Ş Medicine
â–Ş Medicare
â–Ş Prescription
â–Ş OTC
(These words should be used to
pop the website on the top ot the
list)
WEB
Web Advertisement
â–Ş Website should be
attractive and creative
â–Ş Advertisement in pharmacy
colleges
â–Ş Advertisement through
social media
CREATING BUZZ
MOBILE
App creation
“ASK ME”
Customers can get
their doubts cleared
Can order through
the app
Compare prices and
get suitable
medicines
CALL CENTRE
Customers doubts
should be cleared
within 12 hours
A unit should be
appointed to handle
customers complaints
ADVERTISING
Through social
media, colleges,
schools,
hospitals,etc.
OOH near the
junctions
Educating the
masses regarding the
usage of digital media
for purchasing
medicines
TRAINING
â–Ş Office team should be
trained for handling
customer complaints
â–Ş Soft skill training
â–Ş Training to handle advance
technology
â–Ş Motivation through
appreciation and incentives
INTERNAL
CUSTOMERS
ARE EQUALLY
IMPORTANT
SOCIAL MEDIA
Use big image
SOCIAL MEDIA
INTERNET USAGE
(JAN 2015)
BlackGray
243 Mn
19% 20 Mn 16%
Active internet users Percentage of the
population using net
Active mobile internet
users
Percentage of the
population using
mobile net
Customer service
Email marketing
Loyalty programs
personalization
Accessibility
Customer
decision support
Payment options
Rating & reviews
Web analysis
Online survey
Site
performance
monitoring
Competitor
benchmarking
Usability
Content
targeting
Brand
monitoring
Search engine
marketing
Shopping
comparison
Affiliate
marketing
MEASURE &
OPTIMISE
RETAIN &
GROW
CONVERT
ACQUIRE
RETENTION PROCESS
UNDERSTAND THE
NEEDS OF THE
CUSTOMERS
PROVIDE THE
REQIURED
SERVICE AND
SUPPORT
FEEDBACK
AND
COMPLAINT
MANAGENENT
MAIN STEPS
CUSTOMER
Study the needs
Customer profiling
Data tracking
Privacy
Providing the
service
Free home delivery
Comparitive study
Provide suitable option
Promotion
Social media
Medical professionals
Retailers
Discount offers
Awareness
Educating the masses
Small ads displayng the uasge
of digital media for
purchasing medicine
Emdorsements by filmstars
Feedback
Usability
Data mining
surveys
THANKS!
Any questions?

Customer retention strategy

  • 1.
  • 2.
    WHO IS ACUSTOMER? A customer (sometimes known as a client, buyer, or purchaser) is the recipient of a good, service, product, or idea, obtained from a seller, vendor, or supplier for a monetary or other valuable consideration.
  • 3.
    WHY IS ITHARD TO RETAIN CUSTOMERS? COMPETITOR’S PRODUCTS PRICE/SERVICE DIFFERENCE AFFILITY TOWARDS OTHER BRAND
  • 4.
    MULTICHANNEL APPROACH HELPS TO WINMARKETS AND ENCHANCE MARKET SHARE 1
  • 5.
  • 6.
    EMAIL â–Ş Reminders toloyal customers â–Ş Prescription can be sent via email â–Ş PRIVACY of the customer is maintained
  • 7.
    Website Search engine optimization (SEO) â–ŞMedicine â–Ş Medicare â–Ş Prescription â–Ş OTC (These words should be used to pop the website on the top ot the list) WEB Web Advertisement â–Ş Website should be attractive and creative â–Ş Advertisement in pharmacy colleges â–Ş Advertisement through social media
  • 8.
    CREATING BUZZ MOBILE App creation “ASKME” Customers can get their doubts cleared Can order through the app Compare prices and get suitable medicines CALL CENTRE Customers doubts should be cleared within 12 hours A unit should be appointed to handle customers complaints ADVERTISING Through social media, colleges, schools, hospitals,etc. OOH near the junctions Educating the masses regarding the usage of digital media for purchasing medicines
  • 9.
    TRAINING â–Ş Office teamshould be trained for handling customer complaints â–Ş Soft skill training â–Ş Training to handle advance technology â–Ş Motivation through appreciation and incentives INTERNAL CUSTOMERS ARE EQUALLY IMPORTANT
  • 10.
    SOCIAL MEDIA Use bigimage SOCIAL MEDIA
  • 11.
    INTERNET USAGE (JAN 2015) BlackGray 243Mn 19% 20 Mn 16% Active internet users Percentage of the population using net Active mobile internet users Percentage of the population using mobile net
  • 12.
    Customer service Email marketing Loyaltyprograms personalization Accessibility Customer decision support Payment options Rating & reviews Web analysis Online survey Site performance monitoring Competitor benchmarking Usability Content targeting Brand monitoring Search engine marketing Shopping comparison Affiliate marketing MEASURE & OPTIMISE RETAIN & GROW CONVERT ACQUIRE
  • 13.
    RETENTION PROCESS UNDERSTAND THE NEEDSOF THE CUSTOMERS PROVIDE THE REQIURED SERVICE AND SUPPORT FEEDBACK AND COMPLAINT MANAGENENT
  • 14.
    MAIN STEPS CUSTOMER Study theneeds Customer profiling Data tracking Privacy Providing the service Free home delivery Comparitive study Provide suitable option Promotion Social media Medical professionals Retailers Discount offers Awareness Educating the masses Small ads displayng the uasge of digital media for purchasing medicine Emdorsements by filmstars Feedback Usability Data mining surveys
  • 15.