Not Surprised, Not Delighted: Only a Third of Customers are Happy with their Brand Relationships
R/GA's recent Brand Relationship Design report, based on a survey of 13,500 US consumers, reveals only 35% are satisfied with their brand relationships. Key findings highlight that 70% of satisfaction attributes are linked to customer confidence rather than rewards or community involvement. The study emphasizes that ease of use and first impressions are critical for retention. Marketers are urged to enhance customer experiences to maintain satisfaction, particularly ahead of a potential economic downturn. The full report can be accessed on R/GA's website.
- 70% of attributes contributing to customer satisfaction relate to customer confidence.
- Ease of use and first impressions identified as top satisfaction drivers.
- Only 35% of customers report complete satisfaction with brand relationships.
- Only 21% of customers participate in brand community initiatives, which have minimal impact on satisfaction.
- Less than 32% of respondents feel reward programs are meaningful.
R/GA's latest research report uncovers the six brand attributes that outweigh "surprise and delight" in keeping customers satisfied
NEW YORK, July 12, 2022 /PRNewswire/ -- Published today, R/GA's latest Brand Relationship Design report shows that despite marketers' shift to a focus on retention, just over a third (
"Something's clearly not working, and we set out to uncover what that is," said Global CMO Ashish Prashar. R/GA's proprietary research study of 13,500 US consumers comes with actionable insights that upend some conventional marketing wisdom, reveal what matters most to customers today, and provide marketers with steps they can take to improve their relationships as brands are pressured to get the most out of their marketing investments.
R/GA focused on four main categories – tech, financial services, retail, and hospitality – to see how different attributes stack up when it comes to customer satisfaction.
Here are some of our key findings:
- Not surprised, not delighted: What customers really want are experiences that are easy to use, from onboarding to troubleshooting. Ease of use and first impression are the top contributors to customer satisfaction and retention.
- What community? Only around one in five customers (
21% ) are a member of brand community initiatives and communities have little impact on satisfaction. - Customers don't find reward programs all that rewarding: Less than a third (
32% ) of respondents strongly agree that they are rewarded with things that matter to them.
A confident customer is a satisfied customer.
"Our research showed that when brands harness the power of selective restraint and design experiences by being intentionally reductive, they're more likely to achieve highly satisfied customers," said Paul Turzio, Global Head of Data, Marketing Sciences & CRM at R/GA. "However, building customer satisfaction requires more than just conventional user-friendliness."
When analyzing the data, R/GA uncovered that more than
"Marketers must future-proof their experiences to retain customers ahead of an expected economic downturn. The results of our study make it clear — the experiences that boost buyers' confidence while making their lives easier will achieve satisfied, and confident long-term customers," said Yuliana Safari, Associate Marketing Director, who co-authored the study.
Download the full report at https://rga.com/futurevision/reports/brand-relationship-design-2022.
R/GA plans to break down the research findings and discuss the playbook in a live global event with Reuters tomorrow, July 13, at 11am ET / 4pm GMT. Sign up here.
About R/GA
R/GA is a global digital product, marketing & brand innovation company, part of The Interpublic Group of Companies (NYSE: IPG), with 15 offices across the United States, Europe, South America, and Asia-Pacific. We help brands and businesses define, connect with and create more human futures. We offer services across communications, brand design and consulting, experience design, technology strategy and engineering, media planning and buying, and relationship design. We also have specialized practices R/GA Health and R/GA Ventures. For more information about R/GA, please visit rga.com.
Research Methodology
R/GA surveyed 13,494 consumers in the US in March 2022, focusing on four brand categories: tech, financial services, retail, and hospitality. To qualify for the study, respondents answered a series of screening questions about their purchases and/or accounts within each category. Respondents rated a maximum of two brands of which they were recent or current customers, using scales as well as open-ended questions, to gain a more complete understanding of their experiences.
R/GA's global research team leveraged Forsta's Decipher platform for programming and data collection, with sample sourcing from Lucid Marketplace.
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SOURCE R/GA
FAQ
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