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Creating & Sustaining Customer Loyalty
By Aaron Matos, PHR Founder/CEO Jobing.com @jobing
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Agenda Discussion on Loyalty Loyalty in Our Industry Opinions*
*Peter said I had to
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What is a customer?
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Who is your customer target?
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What is loyalty?
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Satisfaction vs. Loyalty?
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Satisfaction vs. Loyalty?
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Why is loyalty important to your business?
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Customer Growth Example
10,252 10,000 Total Numbers of Customers 2006 2007
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Turbulence Below the Surface
10,252 10,000 5,722 Total Numbers of Customers (5,470) 2006 + NEW - LOST 2007
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How much is a customer worth to your company?
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Tiny link: http://t.jobing.com/xek6
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Job Boards are dying. The obligatory 2009 conference slide:
*it must be true, I read it on twitter
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What actually is happening?
1. “It’s the economy, stupid.” James Carville
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Recruitment Advertising Market Share Dollars
Barclays Newspaper Fact Book + Jefferies
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Recruitment Advertising Market Share Percentage
Barclays Newspaper Fact Book + Jefferies 2. Shush, don’t tell anyone. Job Boards are taking real market share.
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Market Share Projections
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What are the Implications of the “Great Recession” to our industry?
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Job Boards* are going to be just fine
They are taking real market share They have a cost advantage They have experience, reach, and adaptability They add value to job seekers and employers – finding the right employees is hard, and incredibly valuable to firms Price to value is still high**
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Stop throwing stones. Monster & Careerbuilder
Prediction: Both will be bigger in the next few years than they ever have been before.
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Where is the focus? Market Share Strategy Loyalty Strategy Goal
Buyer Switching Buyer Loyalty Focal Point Competition Customers Measure of Success Absolute Growth Share of Customer, Retention Rate
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What can “employment websites” do to create loyalty?
Focus on a specific customer segment. Focus on customers – not on competitors. Focus on customers – not on products/technology. Solve your customers’ problems. Obsess about your customers. Be different. Create value – and charge for it. Proudly.
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Keep your focus on your customers.
Aaron Matos Text: AMATOS
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