FANOMICS®: Turn Customers into Fans and Profit from it

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Every company wants to turn its customers into true and lifelong fans. In this book, Roman Becker and Gregor Daschmann, the discoverers of the Fan Principle and FANOMICS, demonstrate how this can be actually accomplished. They transfer the mechanisms of fan relationships from sports, music, and art to those between companies and customers. What turns a customer into a “fan” customer? How are these identified? And how can the Fan Rate be managed and even increased? This book provides answers to all these questions. Based on surveys and interviews with more than 100,000 respondents, it becomes clear that fans have the highest customer value and therefore contribute significantly to the economic success of a company. However, in order to win fan customers and increase these numbers, a complete rethinking of customer relationship management and a departure from the customary key performance indicators is necessary. Taking this path is extremely worthwhile. Fan customers have an emotional connection to their provider and form a new, reliable “currency” - both as direct buyers and as active ambassadors.

This a must-read for all business decision-makers who want to improve the quality of their customer relationships, while saving money and achieving more than just short-term success.

From the contents:

- Definition of fan customers and what “emotional customer loyalty” means

- Distinct value of the fan customer as a value-added partner and ambassador

- FANOMICS as a management program in customer relationship management

- Concrete suggestions for implementing FANOMICS 

- Best practices and illustrative examples of tops and flops from the business world


Author(s): Roman Becker, Gregor Daschmann
Series: Future of Business and Finance
Publisher: Springer-BCM
Year: 2023

Language: English
Pages: 321
City: Munich

Preface
Really turn customers into fans ...
Contents
About the Authors
1: The Fan Principle: Fans and Fan Customers
1.1 What It Is About
1.2 What Is a Fan?
1.2.1 The Concept of Fan and its History of Origin
1.2.2 What Does the Word ``Fan´´ Actually Mean?
1.2.3 Why Fan Relationships Are Emotional Relationships
1.2.4 What We Mean by a Fan
1.2.5 The Search for Identification as the Basis of Every Fan Relationship
1.2.6 The Search for Uniqueness as the Basis of Every Fan Relationship
1.2.7 How the Fan Finds His Star
1.2.8 How the Star Finds His Fan
1.2.9 Characteristics of the Fan Relationship: Permanence and Repetitiveness
1.2.10 Characteristics of the Fan Relationship: Resilience and Willingness to Consume
1.2.11 Characteristics of the Fan Relationship: Communication and Community
1.2.12 Summary: What Is a Fan?
Dimensions and Characteristics of Fan Relationships
1.3 From Fan Principle to FANOMICS: What Is a Fan Customer?
1.3.1 Fans also Exist in Customer Relationships
1.3.2 Beware of Satisfied Customers
1.4 The FANOMICS Basis: The Fan Indicator
1.5 The Fan Rate as a KPI
Why Start with the ``Germany´´ Example?
1.5.1 The Fan Rates of German B2C Companies
1.5.2 The Fan Rates of German B2B Companies
1.6 The Fan Portfolio
1.6.1 The Customer Types within the Fan Portfolio
The Fanfocus G7: Markets and Method
1.6.2 The Validation of the Fan Portfolio Through Fan-Specific Behavior
1.6.3 The Complete Segmentation of the Customer Landscape Through the Fan Portfolio
1.6.4 The Complete Fan Portfolio in Industry Comparison: National and International
References
2: The Value of Fan Customers
2.1 The Fan as a Growth Driver
2.2 Fans and Market Penetration: Growth with Existing Customers in Existing Business
2.2.1 Fans Are Loyal
2.2.2 Fans Are Forgiving
2.2.3 Fans Have Confidence
2.2.4 Fans Are Less Price Sensitive
2.2.5 Fans Have the Highest Monetary Customer Value
2.2.6 Fans Have the Highest Customer Lifetime Value
2.2.7 Growth Through Fans Can Be Planned
2.3 Fans and Market Development: Growth Through Acquisition of New Customers in Existing Business
2.3.1 Fans Are Positive Ambassadors
2.3.2 Fans Are the Best Referrers
2.3.3 Excursus: How Do Word-of-Mouth, Social Media, and Recommendation Work?
2.3.4 Fans and Recommendation Incentives
2.3.5 Excursus: Why Opponents Are Dangerous Customers
2.4 Fans and Product Development: Growth with Existing Customers Through Expansion of the Product Range
2.4.1 Fans Are Innovators
2.4.2 Fans Are Involved
2.5 Fans and Product Diversification: Growth by Attracting New Customers for New Products
2.6 Summary: The Fan Rate as the Key Growth Factor
2.7 Increasing Customer Value Through FANOMICS
References
3: FANOMICS: The Economics of the Fan Principle
3.1 Focus Generates Identification
3.1.1 Examples I: Successful Focus Through ``Freude am Fahren´´ or ``Vorsprung durch Technik´´
3.1.2 Examples II: Is Flying Really More Pleasant? Deutsche Bahn Versus Lufthansa
3.1.3 Examples III: The Value of Focus in a Crisis-ADAC and the Falsified Survey Results
3.1.4 Examples from Practice IV: When Focus Is Useful and When It Is Not-VW and the Emissions Scandal
3.1.5 Examples V: Where Praktiker Actually Failed
3.1.6 Examples VI: Deutsche Bank-How ``Passionate Performance´´ Becomes Performance that Creates Suffering
3.1.7 Don´t Be that ``Egg-Laying Jack-of-All-Trades´´
3.1.8 Conclusion: Focus as the Basis for Emotional Customer Loyalty and for Efficient Use of Resources
3.2 Orchestration Creates Perceived Uniqueness
3.3 Definition of FANOMICS
3.4 Examples VII: ALDI-The Simple Principle
3.4.1 Identify Core Customer Needs
3.4.2 Identify Key Touchpoints
3.4.3 Focusing and Orchestrating on Core Customer Needs
3.5 Examples VIII: Miele-Orchestration of Performance and Communication
3.6 FANOMICS: From Development to Implementation
References
4: How Do I Really Turn Customers into Fans?
4.1 Positioning
4.1.1 Instruments and Management Systems in the Positioning Process
4.1.2 Instruments I: Identify Loyalty-Drivers: Customer and Competitor Customer Survey
4.1.3 Instruments II: Deepening and Locating Customer Needs: The ``Motiversum´´
4.1.4 Instruments III: Understanding Identity: The Identity Workshop
4.1.5 Instruments IV: Checking Identity: The Employee Survey
4.1.6 Instruments V: Checking Processes in Customer Management: The Maturity Check
4.1.7 Instruments VI: Identifying Opportunities for Differentiation: The Communication Analysis
Sound Analyses and Information Are the Basis for a Secure Positioning Decision
4.1.8 Derivation of Positioning
4.2 Orchestration
4.2.1 The Importance of Contact Frequency and Measures to Increase
4.2.2 The Touchpoint-Specific Orchestration
4.2.3 Management Instrument: The Follow-Up Feedback Survey
4.2.4 Example VIII: DiBaDu: Perfect Orchestration in Telephone Customer Contact
4.2.5 Orchestration of Individual Touchpoints
4.2.6 Touchpoint I: Demand-Oriented Offers and Services
4.2.7 Touchpoint II: Prices in Line with Demand
4.2.8 Touchpoint III: Reducing Shortfalls Through Needs-Based Complaint Management
4.2.9 Touchpoint IV: Deploying Product Innovations in Line with Demand
4.2.10 Touchpoint V: The Emotionalizing Effect of Digital Channels
4.3 Employees as Fan Makers
4.3.1 The Customer Orientation of the Employees
4.3.2 Factors Influencing Customer Orientation
4.3.3 Influencing Factor 1: Knowledge and Information About Customers (Customer Insights)
4.3.4 Influencing Factor 2: Employee Skills
4.3.5 Influencing Factor 3: Identification with the Employer-Fans Among Employees
4.3.6 All Employees Are Fan Makers
4.4 Customer Value-Based Control
4.4.1 Personalized Assignment in the Fan Portfolio
4.4.2 Customer Value Specific Measures and Prioritization
References
5: FANOMICS: More than Controlling Relationship Quality
5.1 Customer Value-Based Segmentation with the Fan Portfolio
5.1.1 Fan Marketing: How to Turn Fans into Profitable Customers
5.1.2 Potential-Based Segmentation Versus Segmentation with the Fan Portfolio
5.1.3 Allocation of B2B Customers in the Context of Value-Based Segmentation with the Fan Portfolio
5.2 FANOMICS as an Instrument for Efficient New Customer Acquisition
5.3 Dovetailing of NPS and FANOMICS to Form ``NPSplus-Insights´´
References
6: Success Factors of FANOMICS
6.1 Building Awareness and Acceptance
The Most Important Tips for the Introduction of FANOMICS
6.2 Validation of Success Effectiveness by Measuring the Customer Value of Fans
Requirements for Validation and Valid Statements
6.3 Continuous Measurement and Goal Systems for Managing Success
Reference
More than ``Just´´ Success: How FANOMICS Gives Meaning to Doing Business