How to Incite Loyalty and Increase Customer Retention w/ Ed Frame

Making the Fan

English - September 13, 2022 09:00 - 50 minutes - 34.4 MB - ★★★★★ - 38 ratings
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Previous Episode: The Simple Science Behind Successful Marketing Strategies w/ Phill Agnew

Next Episode: Inspiring Impactful Change w/ Guido D'Elia

It’s 5x cheaper to retain an existing customer than acquire a new one and increasing retention by 5% can increase profits by 25 - 95%. Yet so many companies still prioritize customer acquisition over retention. In this episode, David Millay and Katie Rudy sit down with Ed Frame, CEO and Founder of Exemplify CX and discuss his 7-phase approach to Customer Longevity, converting buyers into repeat customers and brand advocates.

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Show Notes

2:35 About Exemplify and the Retention Funnel

3:59 Working Backwards - The Ideal Customer Experience

7:49 The 7 Phases of Customer Retention

11:32 Solving a Problem - Known and Unknown

16:15 Creating a Tangible “Unboxing” for Experiences

20:43 Overcoming Buyers’ Remorse

23:42 Giving Customers More

25:49 Driving Customer Loyalty

29:19 Inciting Loyalty through Social Media

32:45 The Cost of Retention vs. Acquisition

38:28 Cultivating Brand Advocates

41:08 The Value of Service Recovery

43:43 Hot Takes

46:30 Parting Advice

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For more info on topics covered in this episode:

Connect with Ed on LinkedIn

Learn more about Exemplify | 7 Steps to Customer Longevity

Connect with Host, David Millay:
Connect w/ David Millay on LINKEDIN: https://www.linkedin.com/in/davidmillay/
Follow David on INSTAGRAM: https://www.instagram.com/david.millay/
Follow David Millay on TWITTER: https://twitter.com/DavidMillay