Few days back, I saw Aegon Religare Pension Plan's latest TV commercial. For all the clutter and undifferentiated offerings in the category, the brand actually took a very fresh and innovative approach. I immediately SMSed the customer care to get in touch with me, so impactful was the communication. Fifteen days down, nobody called me. The bubble got burst and I decided not to engage with the brand anymore.
A marketers' interaction with the consumer can be divided into three stages: Pre-Sale, Sale, Post-Sale. Unfortunately, the entire marketing thrust is on Pre-Sale and Sale and the Post -sale period is completely or partially ignored. Probably, the concept of Customer Lifetime value is not an exciting proposition for them. Just a lil bit of 'Hi-Hello' with the consumer after receiving the cheque from him could go a long way. After all, the cost of acquiring a new customer is much higher than the cost of a new customer acquired through referral by an existing customer.