Friction/Reward Be your customer’s first choice

by Hammond, Richard

• ISBN13: 9781292234946
• ISBN10: 1292234946
• eBook ISBN(s): 9781292234953
• Edition: 1st
• Format: Paperback
• Copyright: 2019-04-11
• Publisher: Pearson Business
• More Book Details
• Purchase Benefits

Summary

This business book is great for leaders, middle managers and entrepreneurs interested in the following categories;

 

• Small Business
• Entrepreneurship
• Marketing
• Strategy
• Branding
• Customer Experience

Make it easy for customers to choose you; whatever your business, product or service. 

With customers now subconsciously weighing up their massively expanded options in terms of purchase friction (how easy it is to spend) and shopping reward (the extras inherent to the buying experience); your job is to make it easy for them to choose you 

When is high friction bad? Friction includes frustrations like putting a coin in a supermarket trolley lock, too many clicks, and hidden frictions from awkward presentation, process and offer. Reward includes quality of business support, amazing retail environments, even emotional issues such as trust and belonging. 

When is high friction good? What value do different customers place on friction and reward across different buying scenarios? How can I benchmark against competitors? And, where are the big opportunities and where should we focus effort and resource? How do I market improved experiences to win customers?

Friction Reward teaches you how to understand, measure and improve every single possible customer interaction by applying techniques outlined in the book to your customer experiences and organisations.

Readers will:

• Create easier, faster and improved customer experiences by reducing friction and increasing reward.
• Discover how reducing friction attracts new customers, increases spend from existing ones and gives you a competitive advantage.
• Understand how the world's leading retailers, B2B sellers and public service providers are winning using these insights.
• Learn how to apply practical tools and technologies to their own customer and user scenarios both online and in the physical world.

Author Biography

Richard Hammond is a retailing expert, and Smart Circle is his problem-solving consultancy. Together with select subject-matter experts he tackles a wide range of retail challenges: from ‘big idea’ and format development to customer engagement and retail futurology. He is also the author of Smart Retail 4e.

Table of Contents

• Part 1 How friction and reward are the keys to better customer experiences
• 1 What is friction and why does reward matter?
• 2 When stickiness went bad: how power shifted from sellers and vendors to customers and users
• 3 Unstick the customer journey for massive win
• Part 2 The friction/reward tool kit
• 4 Finding the rough and the smooth – friction/reward indexing
• 5 So this is how it’s done
• 6 ‘We are a friction-reduction business now’
• 7 The psychology of switching – how to smash status quo bias
• Part 3 Frictionless futures
• 8 How to deal with the impact of technology on commercial relationships
• 9 The new language of friction-led marketing
• 10 The frictionless world – when everything is smooth and easy but in a good way
• Epilogue