The Brainy Business | Understanding the Psychology of Why People Buy | Behavioral Economics cover image

276. Surprise! It’s Delightful (And Drives Loyalty) (Refreshed Episode)

The Brainy Business | Understanding the Psychology of Why People Buy | Behavioral Economics

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How to Delight Your Customers

Mercedes Benz found that the likelihood a dissatisfied client will be a repeat customer is only 10%. Moving from dissatisfied to satisfied, only moved the needle to a 29% likelihood of buying or leasing with that dealer again. Delight is much more likely to drive loyalty than mere satisfaction. And there's a lot of research that shows loyalty is positively linked to profits and stock market price.

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