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5 digital transformation tips for restaurants

BirdEye

Since customers don’t need to enter a PIN code, mobile payments are usually quicker and more convenient. . There’s a lot of marketing value in having a storefront – many interested customers who walk by may end making a purchase. Of course, it’s equally important to have a strong presence in the digital space.

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Customer lifetime value formula: Easy ways to calculate it

delighted

How to calculate customer lifetime value How to increase customer lifetime value. What is customer lifetime value (CLV)? The customer lifetime value calculation will tell you what the average customer is worth to your business throughout the course of the relationship. Start a rewards program.

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Loyalty Strategy 2019: How to Win in the Next Decade

Currency Alliance

For example, to maximize LTV, you need to increase share of wallet among not only existing, frequent customers, but also grow the business with those mid- to long-tail customers that resemble your best customers – but just don’t shop with you as often as they could. demonstrating environmental responsibility.

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It’s (almost) never 1%: how to price loyalty rewards

Currency Alliance

If 74% of consumers choose a store based on their loyalty program, then why do few loyalty programs have more than 25% of their customers participating? Customers are interested in earning a meaningful amount of value, but the value they receive does not meet minimum expectations – so people quit.

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How to Create Perfect Live Chat Customer Experience

ProProfs Chat

Customers sitting on their throne want instant responses. However, they also expect prompt responses for general queries too. Other than that, your customers expect to interact with trained and knowledgeable operators. They also expect the option to reach them at any time and from any part of the world.

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Breaking down the walls: Loyalty Magazine Awards 2019

Currency Alliance

In a climate where customers expect everything more or less instantly, even that one day seems like an eternity, but it’s important to remember that many very large loyalty brands are still sending flat files between partners that get processed in batch. measure through program execution. learn quickly and adapt.

Loyalty 49