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Showing posts from October, 2017

Customer Segmentation: Revealing the mystery

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Every company has a different product and provides a different service to a particular set of customers. Customers pick a company for a particular reason: convenient prices, better product or service quality, brand name and reputation, more benefits and advantages…etc. These customers can be of different types and natures some are individuals, companies, governments or various types of organizations but the reasons of choosing their service provider or the product they are willing to buy can vary from customer to customer.

Why Customers Leave You? | Fighting Churn and Building Loyalty [Part 2]

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Why Customers Leave You? We started this series with the first part, to talk about churn and the current status of this phenomena worldwide in thirst part of this series " Fighting Churn and Building Loyalty [Part 1] " . In an intensely competitive market, customers receive multiple incentives to change their telecom provider and encounter multiple disincentives to stay. There are many reasons to leave a provider but there might be just one single reason to stay. Good Customer service, Loyalty and attachment to the Brand and great experience are some of the main reasons for customers to stay on Leaving the current provider is not always a final decision. It is not always the end of the relationship, there are multiple ways a telco company can save these dissatisfied customer, even one day before they decide to leave. We will talk about these final-steps to saving customer in the next part of this series . Let's start by some of the main reasons a teleco...

What is Churn? | Fighting Churn and Building Loyalty [Part 1]

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In this series of posts, we will talk about a very important economic and technological field of our global economy. A field that has entered every house and its services has been irreplaceable in our daily lives, just like water and food:  it is the telecommunication sector. Part 1: Context of Churn in Telco Companies.[This part] Part 2: Reasons Of Churn. Part 3: How to Fight and Reduce Churn. Part 4: How to Build Customer Loyalty. This field has been the driver of innovation, technological advancements and it has set the trend of how people go about their daily lives for the past 10 to 15 years. It is known that telecommunication industry is one of the fastest and most profitable industries in the world. Most of the 7 billion humans on our planet (as much as  90% of the world population according to some studies) have access to the basic telecom services, and enjoy the benefits of communication and internet at a speed that is getting faster and faster every day. ...