Remove Advertising Remove Audience Remove Discount Remove Social Capital
article thumbnail

With Tweet-to-Buy, American Express Values its Community at $10

Harvard Business Review

When companies like American Express offer discounts, they often justify the spend by referring to the Customer Lifetime Value (CLV). The company is better off offering a discount today, because that will likely increase the customer's loyalty, and loyalty increases the CLV. The Future of Advertising An HBR Insight Center.

article thumbnail

Marketing Is Dead

Harvard Business Review

Traditional marketing — including advertising, public relations, branding and corporate communications — is dead. Help them build social capital. Traditional marketing often tries to encourage customer advocacy with cash rewards, discounts or other untoward inducements. But they are. The evidence is clear.