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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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Building Lasting Connections: The Power of Customer Loyalty in Retail

SurveySensum

How to Leverage Customer Feedback to Build Customer Loyalty? 7 Best Practices for Building Customer Loyalty in Retail? Competitive Advantage in the Crowded Retail Market: With numerous options available, customers are drawn to brands that provide exceptional experiences and personalized interactions.

Retail 52
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Building Loyalty: B2B Digital Marketing and Customer Retention Nowadays

Amity

To be specific, it is estimated that customers, who had bought from you 2 times before, convert (make a store purchase) 9 times more often than those who were your first time buyers. On top of all that, the whole process of attracting new customers is 6-7 times more expensive than keeping the old ones.

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I Buy, Therefore I Am: The Psychology Behind Why We Choose Our Favorite Brands

InMoment XI

The blue box and white ribbon exude elegance, class, and sophistication, and therefore, the legacy luxury brand has both the benefit and challenge of living up to a well-established customer expectation. Step #3: Engineer a Clearly-Defined—and Customer-Aligned—Brand Identity. Of course you have.

Brands 493
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Beyond the Hotel: Earning Guest Loyalty with Hospitality Tech

Currency Alliance

Mobile check-in can also be deployed to upsell room selection, to offer customized key collection, or can be integrated with a loyalty program to confirm benefits such as lounge-access or free Wi-Fi. But in reality, many customers do not book direct. Restive guests: understanding hospitality loyalty.

Hotels 40
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10 Best KPIs for every Sales Manager to Track Team Performance like a Pro!

SurveySparrow

The goal should be to reduce the cost incurred on each customer while increasing the effectiveness of your outreach program. To know how much money was spent, you need to calculate all the expenses that they have incurred, including advertising costs, social media management, content, etc. Customer Lifetime Value.

Sales 52
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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.