.: Motivating Customers: The Psychology of Rewards
Course Objectives: The purchasing power of a customer is determined by behavior and mind-set. Motivating a customer to buy a product involves having knowledge of the customer’s preferences. The “Motivating customers – The psychology of Rewards” training program, will educate participants on various techniques on how to direct the purchasing power of a prospective customer towards your products/ services and also introduce incentives that will help retain your customers.
Benefits of the Course: At the end of the program, participants will be empowered to: * Design marketing strategies that will maximize customer motivation
* Identify and modify customers buying behavior for a positive ROI
* Initiate an incentive program that will motivate customer loyalty
Course Overview: * The New Customer Reality
* Human Motivation: The Motivation Theory
* The Customer Lifecycle and Relationship Considerations
* Understanding Your Customers: The Patronage Decision
* Customer Segmentation and Valuation
* The Role of Rewards and Incentives
* Creating the Ultimate Value Proposition
* Designing your Rewards / Incentive Offer
* The Customer Profiling Template
Who should Attend: * Sales and Promotion Managers
* Relationship Managers
* Marketing Managers