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

274. Reducing Business Friction: Understanding The Benefits With Examples From Amazon & Steve Jobs, with Roger Dooley (Refreshed Episode)

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

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The Importance of Loyalty

Loyalty is so desirable, but a lot of people don't really know what drives loyalty. According to research, what drives loyalty are low effort experiences with a business. If you cannot provide that seamless of an experience, then you could be delivering high effort experiences when you don't even realize it. 96% of customers who had high effort experiences were likely to be disloyal. 88% of high effort customers were likely to say bad things about a business compared to just 1%.

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