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The document discusses using personalization to reduce friction for customers. It mentions calculating customer lifetime value and focusing on relationships to guide marketing decisions. Personalization should consider the customer's multi-channel experiences across social media, online, mobile, and physical stores using big data and CRM systems. The goal is to make the customer experience easier by reducing clicks and friction throughout the customer journey. Examples show how personalization can lower bounce rates, increase searches and bookings, and improve sign-ups and growth. The document advocates knowing your customers, understanding their journey, and using data to reduce friction and enhance the experience.

































