Monday, December 23, 2019
Relationship Between Marketing And Consumer Marketing
Introduction ââ¬Å"customers want more from companies than just products, they want an experienceâ⬠(Fitzgerald,20015). relationship marketing maximizes value and drives profits. Customer relationship marketing is viewing the customer as the most important aspect of the company. In order to successfully keep a good relationship with existing customers, the company must try different techniques to keep the customer loyal. The essence of relationship marketing is a personal or emotional connection to a brand. This connection is centered on trust that is created through the consistent delivery of a product or service that meets or exceeds customer expectations (Ruiz,2012). Thesis statement. ââ¬Å"Relationship marketing is broadly defined as allâ⬠¦show more contentâ⬠¦Customers tend to prefer a specific sales representative when purchasing products from a company. Having a preference in the sales person has its benefits but it also has its cons for example, if a sales person decides t o leave or is fired the company has to establish a new relationship with the customer since that employee is no longer with the company. A proof good salespeople loyalty is if a customer is comfortable with the company more purchases will be made and sale will increase. Employees must be trained in order to build these types of customer relationships. Customer loyalty and the ability to retain customers are, therefore, highly dependent on the customer s actual satisfaction; undoubtedly, customer service is a key ingredient in relationship marketing and consequently, in customer retention (Sheth and Parvatiyar, 1995; Gummeson, 1997; Khalifa, Limayem, and Liu, 2002; Doyle, 2002). Strategic planning Customer service focuses on understanding specific problems, taking responsibility for solving those problems, and following up to make sure the customer is satisfied. Women are the decision makers in most homes. With that being said since ââ¬Å"momâ⬠makes all the decisions relationship marketing is targeted more towards them. When youââ¬â¢re in a store the employee is very likely to bond with the women first because once women are sold her husband will follow inShow MoreRelatedThe Relationship Between Marketing And Consumer Behaviour And A Marketing Strategy Essay1390 Words à |à 6 PagesD : The importance of consumer behaviour to Marketers in 2015 The relationship between consumer behaviour and a marketing strategy was proposed by Donal Rogan (2007) as being ââ¬Ëabout increasing the probability and frequency of buyer behaviour. Requirements for succeeding in doing this are to know the customer and understand the consumerââ¬â¢s needs and wantsââ¬â¢. 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The relationship that was formed by the school and the potential student was driven by market demands. Their work points out the strain caused by the market pressures of consumers which may alter the quality of the education and the mission of the school. Theoretical Framework The emergent literature is grounded in a theoretical framework that uses Relationship Marketing as a prime contributor to research. According to Al-Hamed, Amin, (2014) relationship marketing is ââ¬Å"a philosophyRead MoreConsummer Psychology and Marketing Communication971 Words à |à 4 PagesRunning head: Consumer Psychology and Marketing Communication Message Consumer Psychology and Marketing Communication: A view to Concepts and Drives PSY322 February 27, 2013 Abstract This essay will discuss the definition of consumer psychology, and will describe the psychological concepts and their importance in developing a successful marketing communication message. 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