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RFM Model: Customer Type Analysis

The document analyzes four customer types based on the RFM model: Composite, Constrained Loyal, Disloyal, and Specious, detailing their characteristics and strategies for engagement. It outlines the importance of collecting data on recency, frequency, and monetary value from various sources such as CRM systems and POS systems to classify customers effectively. The document also emphasizes the need for data processing and analysis to develop targeted marketing strategies for each customer segment.

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0% found this document useful (0 votes)
14 views4 pages

RFM Model: Customer Type Analysis

The document analyzes four customer types based on the RFM model: Composite, Constrained Loyal, Disloyal, and Specious, detailing their characteristics and strategies for engagement. It outlines the importance of collecting data on recency, frequency, and monetary value from various sources such as CRM systems and POS systems to classify customers effectively. The document also emphasizes the need for data processing and analysis to develop targeted marketing strategies for each customer segment.

Uploaded by

Hạnh Trương
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© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Analysis of Four Customer Types: Composite, Constrained Loyal,

Disloyal, Specious Based on RFM Model

1. Composite – R↑ F↑ M↑

●​ Characteristics: These are the best customers; they purchase frequently, have high
spending value, and have made recent transactions.​

●​ Strategy:​

○​ Maintain loyalty through exclusive customer programs.​

○​ Offer special deals to retain them.​

○​ Personalize their experience to strengthen engagement.​

2. Constrained Loyal – R↑ F↑ M↓

●​ Characteristics: They purchase frequently and recently but have low spending per
transaction.​

●​ Strategy:​

○​ Encourage them to spend more by suggesting complementary products.​

○​ Provide promotions to increase average order value.​

○​ Enhance service to build long-term loyalty.​

3. Disloyal – R↓ F↓ M↓

●​ Characteristics: These customers have low purchase frequency, low spending, and
haven’t made recent transactions.​

●​ Strategy:​

○​ Send promotions or remarketing campaigns to attract them back.​

○​ Investigate reasons for their inactivity (price, quality, service, competitors).​

○​ Introduce incentives such as discounts or vouchers to encourage repeat


purchases.​

4. Specious – R↓ F↑ M↑
●​ Characteristics: They used to have high spending and purchase frequency but have
not returned recently.​

●​ Strategy:​

○​ Re-engage them with special discounts or personalized offers.​

○​ Improve customer service to understand why they left.​

○​ Offer exclusive deals or personalized content to bring them back.

Customer Type Recency Frequency Monetary Strategy

Composite High High High Retention, upgrades,


personalization

Constrained High High Low Encourage spending,


Loyal upselling

Disloyal Low Low Low Reactivation, investigate


reasons

Specious Low High High Re-engagement,


personalized offers

How to Collect Data for RFM Customer Analysis

To classify customers into Composite, Constrained Loyal, Disloyal, and Specious,


businesses need to collect and process data from various sources.

1. Identify Key RFM Metrics

●​ Recency:​

○​ The date of the customer's last transaction.​

○​ The time elapsed since their last purchase.​

●​ Frequency:​

○​ The total number of purchases within a specific period (month, quarter, year).​
○​ The average number of purchases per month/quarter.​

●​ Monetary:​

○​ The total amount spent by the customer.​

○​ The average value per transaction.​

2. Data Collection Sources

🔹 CRM (Customer Relationship Management) Systems:


●​ Stores transaction history and customer purchase records.​

🔹 POS (Point of Sale) Systems:


●​ Collects data from in-store purchases.​

🔹 Website & Mobile Apps:


●​ Tracks customer behavior, website visits, purchase frequency, and order value.​

🔹 Email & SMS Marketing:


●​ Monitors email open rates, response rates, and interactions with promotions.​

🔹 Loyalty Programs:
●​ Provides insights on reward points and customer engagement.​

3. Data Processing and Analysis

Step 1: Collect data from multiple sources and store it in a database (SQL, Excel, Google
Sheets, etc.).

Step 2: Clean and normalize data (remove duplicates, correct errors).

Step 3: Calculate Recency, Frequency, and Monetary values for each customer.
Step 4: Assign scores (e.g., 1-5 or 1-10) for each RFM component, with higher scores for
better-performing customers.

Step 5: Classify customers into Composite, Constrained Loyal, Disloyal, or Specious


segments.

Step 6: Analyze the data and develop targeted marketing strategies.

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