The Wallet Allocation Rule

The Wallet Allocation Rule

by Alexander J. BuoyeTimothy L. Keiningham Luke Williams and others
Epub (Kobo), Epub (Adobe)
Publication Date: 22/04/2016

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Customer Loyalty Isn't Enough—Grow Your Share of Wallet


The Wallet Allocation Rule is a revolutionary, definitive guide for winning the battle for share of customers' hearts, minds, and wallets. Backed by rock-solid science published in the Harvard Business Review and MIT Sloan Management Review, this landmark book introduces a new and rigorously tested approach—the Wallet Allocation Rule—that is proven to link to the most important measure of customer loyalty: share of wallet.


Companies currently spend billions of dollars each year measuring and managing metrics like customer satisfaction and Net Promoter Score (NPS) to improve customer loyalty. These metrics, however, have almost no correlation to share of wallet. As a result, the returns on investments designed to improve the customer experience are frequently near zero, even negative.


With The Wallet Allocation Rule, managers finally have the missing link to business growth within their grasp—the ability to link their existing metrics to the share of spending that customers allocate to their brands.



  • Learn why improving satisfaction (or NPS) does not improve share.

  • Apply the Wallet Allocation Rule to discover what really drives customer spending.

  • Uncover new metrics that really matter to achieve growth.


By applying the Wallet Allocation Rule, managers get real insight into the money they currently get from their customers, the money available to be earned by them, and what it takes to get it. The Wallet Allocation Rule provides managers with a blueprint for sustainable long-term growth.

ISBN:
9781119037286
9781119037286
Category:
Customer services
Format:
Epub (Kobo), Epub (Adobe)
Publication Date:
22-04-2016
Language:
English
Publisher:
Wiley
Luke Williams

Luke Williams is a journalist and two-time Walkley nominee. His first book The Ice Age: A Journey into Crystal-Meth Addiction was nominated for both a Walkley and the Nib Waverley Literary Prize. His work has been published in Vice, The Guardian, The Sydney Morning Herald, The I-Paper (UK), The Sun (UK), The Daily Star (UK), Good Weekend, Good Reading, The Saturday Paper, The Daily Mail, The Adelaide Advertiser, Crikey, Triple J magazine, The Weekend Australian, Mamamia and Eureka Street. In 2013 he was nominated for a Human Rights Media Award for a long-form investigative piece in The Global Mail. A series of popular travel articles he wrote for news.com.au last year has been subsequently re-published in France, India, Brazil, Romania, Vietnam, Nigeria, Ghana and the UK.

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