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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. Points and miles are a dominant and popular form of loyalty value. The golden benchmark is about $25 USD per year in loyalty value. This actually is not true.

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eCommerce Outsourcing for the Modern Day Entrepreneur

Magellan Solutions

With quarantine measures in place around the world, demand for ecommerce is stronger than ever before. To meet these demands, ecommerce outsourcing is a solution to mitigate financial risks while coping with demand. Outsourcing is a cost efficient solution for rapid ecommerce business growth. How much does it cost?

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Top 5 Customer Service & CX Articles for Week of October 30, 2023

ShepHyken

Traditional loyalty programs, which often offer points or cash rewards, are being outdone by a new trend: experiential rewards. My Comment: I’m a fan of rewards and loyalty programs for a reason. Done well, they foster repeat business and can lead to true customer loyalty. That sounds like a strong trio, right?

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E-Commerce Customer Service Best Practices

CSM Magazine

If you are looking for a way to improve your ecommerce customer service, Ecommerce customer service outsourcing is a great option to consider. Your customer support team should be knowledgeable about your products and services and know how to handle common customer questions and concerns. Offer a loyalty program.

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Retail Customer Experience: Strategies for Keeping Shoppers Engaged and Loyal

Retently

This step is key to assessing how effective adjustments are and ensures you remain competitive. Additionally, the importance of loyalty programs cannot be overstated, playing a key role in boosting annual revenue by 12-18%. By offering a variety of incentives, these programs encourage customers to deepen their engagement.

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How to Use Customer Service to Strengthen Your Customer Community

CSM Magazine

Ecommerce companies turn to advanced loyalty programs that keep track of buyer activity and grant them discounts and other incentives when they stick around (see some examples at Sleeknote.com ).

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How to Build a Customer Retention Strategy

ProProfs Chat

Needless to say, it is one of the most important metrics for your business to consider when you plan your marketing, loyalty programs, and sales processes. Nothing shows a customer you care more than a personalized message, which leads to higher customer loyalty over time. Keep an eye on Your Business Lifecycle.