Rising Customer Expectations in B2B: Are You Keeping Up?

Key Dynamics Driving Success in the Indian Loyalty Program Market

November 2, 2023

HR Recruiter (Sales)

November 20, 2023

Only 34% of buyers give their repeat business to a B2B brand they used in a previous purchase.

-Merkle Research

According to a report by Merkle, there's a noticeable disconnect between B2B buyer expectations and the pace at which B2B brand experiences are evolving. In essence, B2B brands are struggling to keep up with the rapidly changing needs and demands of their buyers. This disconnect arises from the failure to align brand experiences with evolving buyer expectations.

In today's ever-evolving business landscape, B2B buyers are in a state of transformation. Their expectations are shifting, their needs are changing, and the trust they place in suppliers is at a pivotal point. A central challenge lies in the disconnect between brand experiences and the surging tide of customer expectations, especially among the unsung heroes of the industry – the gray-collared partners, including electricians, mechanics, plumbers, and more.

The SOLUTION IS PCER!

"PCER" (Personalization, Communication, Education, and Recognition) is indeed the mantra for a successful channel loyalty program, especially when catering to the gray-collared community. Here's a breakdown of how each element contributes to program success:

Personalization of Rewards

- Tailor loyalty rewards to cater to the specific needs and preferences of gray-collared partners.

- Offer rewards that benefit them both professionally and personally, such as tools of their trade or products that enhance their daily lives.

Communication

- Use a multi-faceted approach to communicate your loyalty program.

- Employ various creative methods, including videos and multilingual content, to ensure that the message is accessible and engaging.

- Clearly convey the uniqueness and benefits of your loyalty program in language that is easy for your audience to understand.

Education

- Simplify technical information about your products into easily digestible pieces.

- Create training resources that empower gray-collared partners with the knowledge and skills they need to excel in their roles.

- Provide ongoing educational support to keep partners up-to-date with the latest industry trends and your product offerings.

Recognition

- Recognize and celebrate the contributions of your loyal customers within the loyalty program.

- Offer tangible forms of recognition, such as badges, certificates, or exclusive access to events or content.

- Ensure that loyal partners feel valued and appreciated for their dedication.

By implementing PCER strategies, brands can build strong, lasting relationships with their gray-collared partners, fostering loyalty and creating a mutually beneficial ecosystem.

Conclusion

However, by adopting the PCER mantra – Personalization, Communication, Education, and Recognition – brands can navigate this dynamic landscape successfully. These four pillars empower brands to create loyalty programs that resonate with gray-collared partners, driving engagement, satisfaction, and long-term loyalty.

If you're already running a loyalty program and want to explore the implementation of PCER strategies, don't hesitate to reach out to us. We have the experience and expertise to help you craft a loyalty program that excels in today's ever-evolving B2B landscape.

https://t7e.in/contact/