How to foster brand loyalty effectively

Brand loyalty is a commonly-used marketing term which is not precisely defined or understood. Company after company has begun to focus on retaining existing customers as much as, if not more than, on gaining new ones.

How to foster brand loyalty effectively

Laurie Young

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Go to: ESSENTIALS

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EXECUTIVE SUMMARY

Brand loyalty is one of those commonly-used marketing terms which are not precisely defined or understood. Prompted by the writings of Fredrick Reicheld1, company after company has begun to focus on retaining existing customers as much as, if not more than, on gaining new ones.

Customers need something to be loyal to; something with which they can create an emotional bond. That something is brand....

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