Loyalty & Rewards programs aim to (1) retain customers, (2) encourage customers to make additional purchases, and (3) generate more referrals through great customer experiences and rewards. Such programs provide value to customers through convenient redemption, exclusive benefits, and experiential rewards that create positive memories. While discounts and data-driven personalization remain effective, companies must also continue innovating service and finding extraordinary ways to build loyalty.
7. Take the elements that make for
an amazing customer experience
and make that customer
experience even better
8. Quick & Easy medium of redemption.
Exclusive Adds to status value, great price
benefit & Utility.
Experiential makes memories.
9. Service is still not an OUTDATED idea.
Loyalty is dead! unless really extraordinary
services on offer.
A high % off Discounts still works across
categories of customers.
Data is a gold mine if used and understood
rightly. No DOUBT!
A DM/ envelope still is the best medium to
communicate provided a right address available.
Anything free is never complained about only
appreciated.