Remove CRM Remove Engagement Remove Loyalty Remove Rewards Programs
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Building a Better Loyalty Program (and the Reward for Getting It Right)

BlueOcean

Check your wallet (digital and/or physical) – do you have loyalty cards for your favorite retail outlets? loyalty programs on average. Ulta tells a similar story— 95% of their revenue comes from their loyalty program members. The data is clear—loyalty pays… but it is often harder to achieve than it looks.

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Loyalty programs: should you issue your own points or miles?

Currency Alliance

Many people assume that operating a loyalty program necessarily implies issuing your own loyalty points or miles. The optimal points to offer mostly depends on the frequency of engagement your brand has with target customers. Points and miles are a dominant and popular form of loyalty value.

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Using Open CRM Platforms to Build Great Customer Experiences

ModSquad

Customers engage with companies in more ways than ever before, creating a huge stream of user data that, in an ideal world, is neatly collated in order to provide the best experience for each individual. These CRM tools were never constructed with today’s diverse support matrix in mind.

CRM 84
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Precision loyalty: data-led investment yields greater ROI

Currency Alliance

This article explains how loyalty partnerships among complementary brands can produce more comprehensive customer understanding that drives down cost while strengthening engagement – and how to apportion loyalty investments. These collaborations allow members to earn and redeem reward currencies across a spectrum of brands.

ROI 52
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Why Engagement Strategies & Investment Are Important for Customer Retention

ProProfs Chat

And, a well-designed loyalty program can act as a profitable investment and reduce the likelihood of customers going to your competitors. Take the example of Victoria’s Secret loyalty program PINK Nation. Simple formula: Customer Retention = Engagement + Investment. Engagement Generates Activity.

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Using Open CRM Platforms to Build Great Customer Experiences

ModSquad

Customers engage with companies in more ways than ever before, creating a huge stream of user data that, in an ideal world, is neatly collated in order to provide the best experience for each individual. These CRM tools were never constructed with today’s diverse support matrix in mind.

CRM 52
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5 Best Customer Retention Software to Try in 2024

SurveySparrow

Moreover, responsive customer support ensures that customers have a positive experience whenever they need assistance, further cementing their loyalty. For example, you could automate emails to welcome new customers, thank them for their purchases, or re-engage with those who haven’t interacted with the brand recently.