Penerapan Metode RFM dengan Python dalam Segmentasi Pelanggan
DOI:
https://doi.org/10.61132/jubid.v1i3.222Keywords:
RFM analysis, targeted marketing, customer behavior, python, retention strategiesAbstract
In a competitive business environment, understanding customer behaviour and improving retention strategies are critical to a company's success. Many companies struggle to identify valuable customers, understand their needs, and develop effective marketing strategies. One method that has proven effective is Recency, Frequency, and Monetary (RFM) analysis, which measures customer value based on three dimensions: when the customer last made a purchase, how often they transact, and how much money they spend. This research focuses on applying the RFM method with Python for customer segmentation in a retail company. By analysing customer transaction data, this research shows how RFM analysis can provide deep insights into customer behaviour and assist in the development of more targeted marketing strategies. The ultimate goal is to improve customer retention and maximise the return on investment (ROI) of marketing activities. This research offers practical solutions to common challenges in customer relationship management and contributes to the development of more efficient data-driven marketing methods.
Downloads
References
Blattberg, R. C., Kim, B. D., & Neslin, S. A. (2008). RFM Analysis. In Database Marketing (Vol. 18). Springer, New York, NY. https://doi.org/10.1007/978-0-387-72579-6_12
Christy, A. J., Umamakeswari, A., Priyatharsini, L., & Neyaa, A. (2021). RFM ranking – An effective approach to customer segmentation. Journal of King Saud University - Computer and Information Sciences, 33(10). https://doi.org/10.1016/j.jksuci.2018.09.004
Cuce, A., & Tiryaki, E. (2022). Data analytics in customer segmentation and RFM method. Istanbul Technical University.
Hughes, A. M. (1994). Strategic Database Marketing. Probus Publishing.
Ma, J. (2022). E-commerce customer segmentation based on RFM model. Lecture Notes in Electrical Engineering, 827, 118. https://doi.org/10.1007/978-981-16-8052-6_118
Monalisa, S., Juniarti, Y., Saputra, E., Muttakin, F., & Ahsyar, T. K. (2023). Customer segmentation with RFM models and demographic variable using DBSCAN algorithm. Telkomnika (Telecommunication Computing Electronics and Control), 21(4). https://doi.org/10.12928/TELKOMNIKA.v21i4.22759
Sabuncu, İ., Türkan, E., & Polat, H. (2020). Customer segmentation and profiling with RFM analysis. Turkish Journal of Marketing, 5(1), 22-36. http://dx.doi.org/10.30685/tujom.v5i1.84
Stone, B., & Jacobs, R. (1988). Successful Direct Marketing Methods. NTC Business Books.
Wan, S., Chen, J., Qi, Z., Gan, W., & Tang, L. (2022). Fast RFM model for customer segmentation. WWW 2022 - Companion Proceedings of the Web Conference 2022. https://doi.org/10.1145/3487553.3524707
Zamil, A. M. A., & Vasista, T. G. (2021). Customer segmentation using RFM analysis: Realizing through Python implementation. Pacific Business Review International, 13, 11 May 2021.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2024 Jurnal Bisnis Inovatif dan Digital
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.