What do grocery stores, weather apps, and streaming content providers have in common?
ANSWER: They all use concierge services to personalize the user experience, and drive revenue.
Concierge services include anything that puts items or services in front of customers before they even realize they need it. It’s the approach behind grocery stores that present coupons and special offers based on a customer’s shopping habits and previous purchases. It’s what drives the code behind those spot-on recommendations from Amazon and Netflix.
The general demand for concierge service has also been the catalyst for companies like Uber, TaskRabbit, Fiverr and the multitude of subscription services now available.
We’ve already seen the growth potential in this area thanks to the rise of online shopping. Not only are people happy to order clothes and personal items online, now grocery store sales are taking off. It’s an industry that is expected to grow to more than $100 billion by 2025.
Meanwhile, Amazon is setting the bar when it comes to driving sales based on recommendations. The approach of recommending products now accounts for a third of their annual sales.
What is the Concierge Economy?