Salesforce recently shared that 66% of customers expect companies to understand their unique needs and desires and numerous studies indicate that customized marketing messages lead to elevated conversion rates, heightened customer loyalty, and enhanced customer satisfaction.
This is particularly evident in the fashion and beauty industry where brands are championing personalized experiences, but according to McKinsey & Company, 80% of B2B buyers now expect the same buying experience as B2C customers.
Today's consumers demand personalized products and experiences, with studies showing a significant preference for customization in marketing, leading to higher conversion rates and customer loyalty. This trend is now extending from B2C to B2B sectors, with companies like Dynamic Yield leveraging algorithms for personalization, resulting in substantial increases in engagement metrics. The focus is shifting towards collecting and utilizing zero-party and first-party data for creating personalized online experiences, with an expectation for heightened data accuracy and demand moving into 2024.
The article underscores the increasing importance of personalization in both B2C and B2B sectors, facilitated by advanced data use, including cross-web clickstream data. Such data can refine personalization strategies, enhancing user engagement and loyalty. For comprehensive strategies on leveraging cross-web clickstream data, download the Consumer Data Types Cheat Sheet at https://www.marteq.io.