I have so many issues with this report released recently by shopify. 1. If money makes them come and leave, that's not loyalty. 2. Competing on purely price = Commoditisation = Non-existent branding 3. "Better quality" doesn't exist. It's table stakes. It's not a value prop. 4. Loyalty rewards for most brands is just points (worthless) and more discounts. 5. Seamless user experience... No customer has ever come back because of that. It's the product first. I'm not sure who the respondents are, sounds like a marketer. In that case, this entire report is has completely inaccurate consumer sentiments. 5. "Understand my shopping needs", how? When data collection doesn't exist. I suspect this question was phrased unfairly to solicit this response. 6. Product availability, seriously? You're losing customers because you can't make proper purchasing decisions? There are so many apps out there that help with inventory forecasting without requiring much brains. IMO this was a terrible report. Extremely biased in many many many aspects. And including leading statements that might cause business owners to make extremely dangerous decisions. Who else has read this? What are your thoughts on it?
The irony is "seamless" experience that Shopify tried to deliver is not the number one driver they said it was Whoops There is truth that consumers look for discounts But usage is in your data, just dig it out and share it with your clients
Ii'd love to see the questions they use, cause if they asked "Would to be happy if your favourite brand offered you more discount?", they will obviously all say yes.
Only thing that makes people loyal is the product, not the marketing tactic.
Not quite sure I'd call that loyalty, but it's probably as close as most brands are going to get
100%
Vibetrace-CX Innovation with Data+AI for Consumer brands / Actor.do
4moRead the report and Shopify is helping with lots of useful info. Loyalty based on continuous discounts is still loyalty, only that is easier to lose compared to other reasons. Is similar to staying with the same employer if you're salary is always above the market, consistently. Other might have different opinions, but data never lies if done right.