The Wallet Allocation Rule: Winning the Battle for Share

· · ·
· John Wiley & Sons
5.0
2 reviews
Ebook
240
Pages
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About this ebook

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.

Ratings and reviews

5.0
2 reviews
John Flesta
February 15, 2015
For years we have been asked or tasked to drive share for brands and companies. "The Wallet Allocation Rule" provides the strongest relationship and answer to this goal. Backed by rigorous testing, Tim and company speak with great conviction and authority in this book and provide you with that answer. "The Wallet Allocation Rule" is, or at least should be, an eye opener to all readers. This is a great read, full of insight and real-life examples.
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About the author

TIMOTHY KEININGHAM is Global Chief Strategy Officer at Ipsos Loyalty, a professional services firm dedicated exclusively to customer experience, satisfaction, and loyalty.

LERZAN AKSOY is Professor of Marketing at Fordham University Schools of Business.

LUKE WILLIAMS is Vice President at Ipsos Loyalty, where he leads the day-to-day activity of large-scale research engagements.

ALEXANDER BUOYE is Assistant Professor of Marketing at Fordham University Schools of Business.

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