
THE ROLE OF PERSONALIZED MARKETING IN CUSTOMER RETENTION
Akromova Musliha , 3-rd year student of Millat Umidi University in Tashkent, UzbekistanAbstract
This article explores the critical role of personalized marketing in enhancing customer retention and loyalty within the contemporary business environment. Building upon these literature sources and current data, it shows how organizations leverage data and technology to customize the communication and service content to respond to the specificity of buyer needs. They also show about how personalization supports customer attention, satisfaction elements, and perceived value, cross sell and up sell prospects. However, there are some weaknesses connected with the development of the product and with the satisfaction of customers’ wants without incorporating their personal details. Consumers have been the focus of interest throughout the article and it is crucial that organizations demonstrate the correct attitude to ‘end consumers’ in addition to this it is vital that ‘consumers’ are able to identify values. Therefore, a firm that incorporates mass customization techniques in its marketing tactics is on a better position in the fight for the so prized, marketing champion title and a greatly enhanced organizational effectiveness.
Keywords
Personalized Marketing, Customer Retention, Customer Loyalty, Data Utilization, Cross-Selling, Up-Selling, Customer Engagement, Lifetime Value, Targeted Advertising, Customized Communication, Consumer Behavior, Marketing Strategies, Emotional Connection, Competitive Advantage
References
Ahmed, S. (2023). The Impact of Personalization on Customer Loyalty and Retention. [online] ResearchGate. Available at: https://www.researchgate.net/publication/367128795_The_Impact_of_Personalization_on_Customer_Loyalty_and_Retention.
Comarch (2024). What is Personalization and How to Use It to Boost Loyalty? [online] www.comarch.com. Available at: https://www.comarch.com/trade-and-services/loyalty-marketing/blog/what-is-personalization/.
Garanhel, T. (2024). The importance of personalization in marketing (w. examples). [online] Revenue Marketing Alliance. Available at: https://www.revenuemarketingalliance.com/the-importance-of-personalization-in-digital-marketing/.
McKinsey (2021). The Value of Getting Personalization right--or wrong--is Multiplying. [online] McKinsey & Company. Available at: https://www.mckinsey.com/capabilities/growth-marketing-and-sales/our-insights/the-value-of-getting-personalization-right-or-wrong-is-multiplying.
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