Fueling Growth Through Customer Insight ™   

MARKETING MAVEN:

Q:  According to two recent studies of retail and information technology (IT) customers, what percent of respondents were satisfied, were truly loyal, and felt trapped in their purchasing decision?

 

Answer:

The two studies were conducted by Walker Information. The retail study was released in October, 2003 and the IT study was released in September, 2004:

 

 

Retail Customers

IT Customers 

Respondents

3,600

13,000

Satisfied Respondents

90%

84%

Truly Loyal Respondents

50%

44%

Respondents who Feel Trapped

43%

30%

 

In addition the IT survey found the following average profitability by level of loyalty:

  • Loyalty Leaders: 12%

  • Loyalty In Limbo: 6%

  • Loyalty Laggards: -11%

 

Don't get stuck just measuring satisfaction.  Use it for trends, but be sure to incorporate loyalty measurements into your metrics to help build a profitable organization.  Please contact us to find out how or to schedule an introductory meeting. 

 

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