Well-timed offers or messages could prompt customers to try an alternative

New Ideas in MarketingEssential news for marketers, summarised by YouGov
November 21, 2019, 11:04 AM UTC

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This article states that the ever-increasing consumer expectations drive retailers to continually invest in their propositions and supporting operations. The author says that decision-making has become more complex for high-involvement items given the “paradox of choice”. Hence, retailers must be better equipped to help customers make decisions.

For lower-involvement purchases, one-click shopping and subscription models eliminate the decision-making, and make repeat purchasing of staples seamless. If a retailer is not first on the consumer’s mind, there is a risk of them not bagging the first purchase and the subsequent ones.

Since post-purchase experiences also shape customers’ decisions, digitally-savvy retailers who use insights to retarget and personalise offers outperform the market. Therefore, retailers must understand the stages of decision-making and offer timely intervention of messages to attract customers.

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[5 minute read]