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Loyalty programs: should you issue your own points or miles?

Currency Alliance

This means that loyalty programs are now a more important channel for customer acquisition and retention than ever before. Customer frequency is partly determined by the nature of your business. On the customer side, you’re looking to create the greatest possible perceived value. Consider the example of a retailer (i.e.,

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Innovators break the mould, at the 2020 Loyalty Magazine Awards

Currency Alliance

As more holistic marketing initiatives, loyalty mechanics were harnessed to drive and measure engagement across channels, and across many more customer touchpoints. Most loyalty programs might have 30% of total customers enrolled, but only 10-15% of customers active in the past 90 days. Engaging employees.

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How loyalty programs enable marketing personalization

Currency Alliance

But everyone should remember that a customer’s loyalty to a brand is based on their overall perception of value, and their cumulative experience of interacting with the brand – through all touchpoints. Let me re-emphasize: relationships are built by people and through positive experiences across all touchpoints.

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AI in loyalty marketing

Currency Alliance

The key is enabling customers to redeem points with a much higher perceived value than the actual cost of delivery. Improving customer insight and loyalty personalization. During the past 5 years, many airline loyalty programs have proclaimed they intend to become lifestyle businesses.

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8 loyalty trends for 2024: intelligent, data-led marketing

Currency Alliance

The ability to target investment more precisely, with less wastage, and greater certainty of a positive customer experience, is steadily removing a lot of the uncertainty and risk around brands’ marketing ROI. Booths – a high-end British supermarket – recently removed most of its automated checkouts , citing poor customer experiences.

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Consumer banking: money can’t buy loyalty

Currency Alliance

Your payment card may register at dozens of online and offline touchpoints every day. The level of insight that this purchase data can shed on individual customers is unparalleled in any other sector – if the bank figures out how to tap the detail in those shopping baskets. More money, fewer monies. References. [i] i] [link]. [ii]

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Loyalty Strategy 2020: Step Changes to a Collaborative Future

Currency Alliance

This has mostly been via low-investment, tactical approaches that increase ROI, and educate the C-suite regarding long-term strategic value. Top priorities remain: getting all your customer data in one enterprise CRM. incentivizing more touchpoints so that you can build emotional loyalty. Do more with customer data in 2020. >Data

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