Three interrelated trends are transforming marketing:
- the increasing power of the customer;
- the growth of interactive and internet-based media;
- and the relentless increase in marketing complexity.
"Marketers are losing power and control to their customers, who now have unprecedented access to third-party information and opinions about companies, offerings, marketing claims, services and even pricing." Yuchun Lee, chairman, Unica
"It's no longer enough to simply pour prospects into a 'sales funnel': marketers must coordinate all customer touchpoints in a buying process that is more individualised than ever."Respect customer power :
Customer-centric marketing demand an ongoing two-way dialogue, in which marketers listen more closely to their customers, understand what they're saying, and respond rapidly and appropriately.
Customer-centric marketing requires segmenting customers at a more granular level than ever before.
It requires a deeper understanding of the individual customer lifecycle, and of the customer's cross-channel behaviour. When marketers gain this understanding, they can uncover crucial hidden patterns and opportunities, discover when to act and react, and even reinvigorate fading or threatened relationships.
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