Learn what relationship marketing is and how it builds lasting customer connections. Discover strategies to foster loyalty and boost your business success.
Let me tell you: relationship marketing is what your business needs TODAY. Why? Because it sets you up for long-term success. Relationship marketing focuses on creating strong, meaningful connections with customers, ensuring their loyalty and satisfaction. Unlike traditional marketing strategies, relationship marketing is not just about making a sale; it’s about building ongoing interactions and trust with customers. In this article, we’ll set the record straight about the pros and cons of relationship marketing, and how to approach it in a fresh way.
Looking for some inspiration on how a brand can build a long-lasting bond with its customers? We have an excellent case study on the loyalty program of Benefit Cosmetics.
Relationship marketing goes further than a simple recipe. It focuses on one-on-one interactions and how you feel about the brand or person selling the product or service. After all, every transaction can have some kind of relationship to it. Think about Apple products, for example. Apple is a magnificent example of an emotional transactional-based experience. People’s brand loyalty to Apple smartphones is a notable 13% of consumers, alongside a whopping satisfaction rate of 92%. This is achieved masterfully because all of their products sync with each other so well.
However, Apple’s marketing is about its relationship with you and the product, not with you as a person. Still, this shows the power of emotional marketing.
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With all that said, let us explore a great example of a loyalty program implemented by an airline in real time:
Turkish Airlines uses relationship marketing strategies that enable brand loyalty. One of their popular strategies is the Miles&Smiles program. Customers earn Miles and Smiles points with each flight they go on in their personal Turkish Airlines Miles&Smiles account, and can purchase a ticket for free when it gets accumulated to a certain required point.
Turkish Airlines’ Miles&Smiles program is designed to make frequent travel rewarding. With each level, it gets better and better, ensuring that passenger loyalty is recognized.
In fact, as of February 2024, Turkish Airlines is the world’s most internationally connected scheduled passenger carrier, according to Simple Flying. The loyalty program plays a huge role in how the airline maintains its international status.
Customer relationship marketing is not just one-sided, “Oh, I want your money.” We know that customers now are more in tune with sales tactics and funnels, so you have to stand out from the crowd by being authentic, caring about your customers, and building a relationship with them. You get the value of being able to serve them at a higher level and it benefits both you and the customer. Now, isn’t it time to focus on what truly matters: building lasting relationships with your customers?
If you are looking for the right tool to build a relationship marketing strategy, consider implementing (or revamping) your loyalty program. Our award-winning loyalty technology could help you turn your dream concept into a reality. Book a demo with our experts for a product showcase, or send us your questions as an RFP.
Oh, and don’t forget to get inspired by a truly emotional loyalty program by Benefit Cosmetics — just download our case study and check out the results.
Symbat is a copywriter at Antavo with an educational background in Business with an experience in Digital Marketing. She is all about content creation. She goes above and beyond for horse meat as well.
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