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Hi Jon: Contact Information: Jon
Sherrington
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Re: Loyalty and Price Elasticity
by
Anonymous
Jon,
I share your point of view on bringing additional value to support a price increase. This extra value could be made of tangible and/or emotional elements.
I would like to add some comments of loyalty. Most of the time, marketers are considering a top loyal customer as purchasing frequently and ideally in large quantities.
I think that another perspective should be more emphasized. The effective and efficient ability of a customer to convince members of his/her network to switch brands.
I am not talking about the most visible and famous "Brand Ambassadors" but anonym people who have a strong relationship with a brand or a product in their daily life.
I will happy to engage discussions on this topic.
Thanks
Frederic
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