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Loyalty partners: co-creating customer value

Currency Alliance

Loyalty partnerships with complementary brands are the best way to create additional value, for customers and for your business. Depending on the maturity of your loyalty program, you may already have some program partners, or be a partner in somebody else’s program. The value can be immediate.

Loyalty 59
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What GDPR means for customer loyalty

Currency Alliance

After all, GDPR is all about customers taking control of their data. And a customer signing up to a loyalty program is one of the most common ways for them to hand over their data to the merchant. The implications of this for loyalty programs are very broad, and the penalties for non-compliance can be staggering.

Loyalty 40
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Consumer banking: money can’t buy loyalty

Currency Alliance

A 2018 Collinson study reported that 66% of financial services professionals say their bank “does not understand why customers are loyal or have a strategy to strengthen customer relationships”[i]. Economic cycles aside, though, the real problem is that it attracts entirely the wrong sort of customer. Actually, they do.

Banking 40
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How to Build a Customer Retention Strategy

ProProfs Chat

Cost to retain customers, however, can be much lower if done right. Building customer loyalty implies you can sell multiple products and services to the same customer over a period of time. Your customer retention strategy depends on the lifecycle of your business. Keep an eye on Your Business Lifecycle.

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A Guide to Retention Marketing

SmartKarrot

Most brands ensure their customers stay in the know via emailers or regular communication; they often bring them back to the brand via loyalty plans, exclusive offers, etc. In a nutshell, retention marketing is a strategy to retain your existing customer base and pique their interest enough to consume your brand and make any purchases.

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Two’s Company: Business-saving innovation is easier through partnerships

Currency Alliance

Against a backdrop of a struggling supermarket sector, Morrisons quickly posted its first pre-tax profit in over a decade [vii] , and achieved a further round of record-breaking financials in 2018 [viii]. Are you driving innovation through your loyalty program? Innovate at all costs.

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Two’s Company: Business-saving innovation is easier through partnerships

Currency Alliance

Against a backdrop of a struggling supermarket sector, Morrisons quickly posted its first pre-tax profit in over a decade [vii] , and achieved a further round of record-breaking financials in 2018 [viii]. Are you driving innovation through your loyalty program? Innovate at all costs.