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How to build a successful loyalty program
- Connect customers with unexpected surprises.
- These perks should be tailored to the individual.
Most customers prefer a VIP experience. A 2020 survey found that free shipping and discounts are considered a low bar. "Early access to sales" and "early access to new products" were most valued, followed by "tailored offers and recommendations."
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Loyalty programs
There are 8 million online stores in the world. This means that there are more choices to choose from.
If you sift through the stores according to your unique criteria, including price, location and service, you may still end up with several stores you can choose from. If o...
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Effective customer loyalty programs
In the United States, shoppers belong to 3 billion loyalty programs. But many business owners create mediocre loyalty programs so that they can tick it off their list. These undesirable loyalty programs are left unused and forgotten by consumers.
With so many e-commerce options for customer...
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Must have's for a successful loyalty program
- Personalised. Your program should not feel like a default for all customers. Instead, the program should feel tailored to each customer.
- Unique. Ensure your programs looks and feels distinct.
- Accessible. Build your program, t...
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The cost of building customer loyalty programs
Suitable investments at the right time will always be beneficial. Balance the offerings with the cost of the program to ensure the value is symbiotic.
Your incremental revenues - your incremental costs = loyalty program cost.
The formula is based on the projections fo...
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The Best Customer Loyalty Programs
A loyalty program that is just a collection of coupons is more harmful than not having a program as it reveals your low regard for your customers.
A loyalty program should foster value year-round.
- A baseline inclusion is giving a perk on your cu...
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