Everyone likes to win. Even better if wining doesn’t mean someone else has to lose.
The good news is that by applying the principles of customer economics it is possible to create a cycle of wins. Here’s how it works.
By focusing on what your propositions are worth to your target customers and increasing that worth, customers will become more loyal. Of course, customers are not all the same, so understanding these critical differences is key to this process.
Increasing what a proposition is worth to a target group of customers not only makes it more attractive, it becomes easier to win new customers, and brings opportunities to increase margin as well.
Research also shows that employees are more engaged and motivated when they know the importance of their role in creating and delivering value to customer.
So, applying the principles of customer economics helps creates solutions where not only can everyone win, it is arguably the most rewarding path to profitable growth.