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This episode of Amazing Business Radio with Shep Hyken answers the following questions and more: What role do loyaltyprograms play in enhancing customer engagement? How can companies leverage loyaltyprograms to generate additional revenue? Top Takeaways There is a difference between loyalty and repeat business.
Customer Experience as a Loyalty Anchor Customer Experience (CX) is no longer a competitive differentiator; it is a baseline expectation in B2B markets. Companies that excel in CX often establish a strong emotional and professional connection with their clients.
Positive customer experiences give rise to six distinct types of loyalty. Happy customers Price-loyal Convenience-loyal Loyal-to-freebies Loyal-to-loyaltyprogram Truly loyal Happy customers have never had reason to complain. Loyalty-program loyal customers appreciate your loyalty rewards more than the products themselves.
Experimentation helps companies determine which personalization strategies such as customized emails, product recommendations or loyaltyprograms resonate most with their customers. By continuously refining these strategies based on experimental data, businesses can enhance personalization efforts and drive customer loyalty.
loyaltyprograms on average. If, for example, you’re a member of Nordstrom’s loyaltyprogram, Nordy Club, you’re among a group of customers who are likely to spend three to five times more than non-members, and are consequently driving two-thirds of Nordstrom’s sales. The Downlow on Loyalty: Reciprocity is Key.
Ever found yourself excited about a loyaltyprogram only to be let down by the redemption process? You’re not alone, and this episode is dedicated to unraveling the complexities of these programs that can enhance or hinder the customer experience. Don’t miss the next episode!
If you find yourself sharing the same concern frequently, then you need to build a customer loyaltyprogram. But with the awesome customer loyaltyprograms in place, they’ve successfully ensured that customers return to their store to make a purchase and earn more points. What is a Customer LoyaltyProgram?
According to Exploring the Value of Emotion-driven Engagement, a new report from Deloitte Digital, brands can build impressive levels of customer loyalty by connecting emotionally with their audiences. Rather, today’s platforms can help brands leverage emotional data to support these connections.
It leverages CX integrations to connect and collect feedback from every channel, making it easier to act on. Invest in Customer Loyalty Strong customer loyalty is key to reducing churn. Besides improving customer experiences, you can encourage loyalty with rewards and incentives.
” Meanwhile, more than 80% of the survey respondents said retailer loyaltyprograms influence where they shop. Starbucks ranked well above others in terms of being a “great loyaltyprogram.” By listening and creating a loyaltyprogram based on their customers, they have gained massive loyalty.
This often means creating special loyaltyprograms , elite experiences, and special perks to maintain the top 1% of customers. Airlines have recently taken to creating secret, invitation-only loyaltyprograms for their most valued customers. Recognizing your customers this way can help them feel connected early on.
The problem, however, is those efforts are wasted if the new connections don’t stick. Encourage customers to tag your brand on social media or use specific hashtags to connect with other customers and your brand’s larger community. Loyaltyprograms give customers a perceived return on their investment and reward them for their loyalty.
Seven loyaltyprogram types: Pick the perfect fit by Marcus Marius (Dynamic Business) Did you know that companies that invest in loyaltyprograms report up to a 40% increase in revenue? My Comment: I’ve written many articles about loyaltyprograms. Connect with Shep on LinkedIn.
What Customers Really Want From a LoyaltyProgram by Eileen Stephens (CMSWire) Customer loyaltyprograms have become a multi-million-dollar industry and a critical driver of revenue for brands. Forecasts point to significant growth in spend expected through loyaltyprograms in 2025.
Often used to open the door to these more unique customer experiences, customer loyaltyprograms can be an excellent idea for CSMs and team leaders alike to delve into some of these new ways to connect and engage with customers. What is a customer loyaltyprogram? What will your customer loyaltyprogram entail?
LoyaltyPrograms Are GrowingSo Are Customer Expectations by Ed Crouch, Ben Eppler, Lauren Taylor, Christina Mhlenbein, and Elizabeth Hearne (Boston Consulting Group) This article explains that the incentives companies offer in a loyaltyprogram must go beyond points, perks, and cash. Connect with Shep on LinkedIn.
Employee Detachment Threatens Customer Satisfaction by Andy Kemp (Gallup) Employees are feeling increasingly disconnected and disenchanted with their employers, and amid the Great Detachment, their connection to the mission and purpose of their organization continues to erode. Here are seven signs your loyaltyprogram may need a redesign.
LoyaltyPrograms by Marketoonist (Marketoonist) According to BCG, the average US consumer now belongs to more than 15 loyaltyprograms. BCG also found that as the number of loyaltyprograms has increased, the less engaged and loyal consumers actually are. Connect with Shep on LinkedIn.
How can businesses create an emotional connection with customers? Building emotional connections with customers is more powerful than relying solely on points and perks in loyaltyprograms. When customers can relate to and feel an emotional bond with the brand or its employees (it takes only one), it creates loyalty. .”
Customer LoyaltyPrograms Create Loyal Customers: Loyaltyprograms are usually about points, perks and discounts. In reality, they are marketing programs that do a great job of bringing customers back. Connect with Shep on LinkedIn.
Consumers Crave More Than Discounts From LoyaltyPrograms by John Pedini (Forrester) Most global consumers belong to at least one loyaltyprogram, including 90% of online adults in the US, in Europe-5 (88%), and in Australia (93%). Most agree that loyaltyprograms make them feel more connected to the brand.
The more you know, the more you can personalize the experience, creating a personal connection that’s hard to break. LoyaltyPrograms That Offer Real Value – More than points and discounts, create a program that makes customers want to do more business with you. Connect with Shep on LinkedIn.
We’ve proven—time and again—the direct connection between the meaningful differentiation of these experiences and the success of a brand’s CX objectives, such as willingness to return to, recommend, and, ultimately, promote a business. It’s about how we see ourselves, what we aspire to, our connection with the brand, and our identity.
As consumer habits shift and expectations grow, brands face increasing pressure to create loyaltyprograms that feel personal, relevant, and rewarding. Here, we will explore the latest strategies shaping loyaltyprograms in 2025 and what they mean for your brand. This affects everyone.
She writes about next-generation loyaltyprograms and how they can enhance customer experience. These programs revolutionize how businesses engage and retain customers by incorporating elements such as gamification, personalization, experiential rewards, and social loyalty.
We flew from Chicago’s O’Hare airport at the end of March with a connecting flight in Dallas and made it Puerto Vallerta without a problem. Since everything on our end was the same, including flight numbers, we assumed the airline had determined this was a comfortable amount of time to make the connection.
This approach allows them to build a business that benefits from both brand recognition and personal connections. Getting involved in local events, sponsoring activities, or engaging with neighborhood groups helps a franchise connect with its community. A loyaltyprogram doesn’t have to be complicated.
Part 2 of the 2025 Optimove Consumer Marketing Fatigue Report dives into strategies to strengthen retention, reduce churn, and foster deeper connections.
My Comment: This is an excellent article on customer loyaltyprograms. It includes compelling reasons to have a program, the benefits of creating one, and findings from research that show what works and what doesnt when it comes to a good loyaltyprogram. The goal is to create an emotional connection.
In fact, they are 70% more likely to do so if they are part of a loyaltyprogram or “VIP” customers. The ways to increase loyalty AND gain more word-of-mouth traction is to treat your customers fabulously. 360Connext serves mid-market companies and larger by helping them evaluate their true customer experience.
Transforming Customer Engagement with NFTs and LoyaltyPrograms Web3 platforms are leveraging non-fungible tokens (NFTs) and blockchain-based loyaltyprograms to reimagine customer engagement strategies: Dynamic Rewards : Traditional loyaltyprograms are static, often requiring customers to accrue points that may have limited value.
Offer some awesome customer loyaltyprograms. You may think the loyalty plans are purely promotional assets. No matter whether you base your loyaltyprogram on discounts, exclusive vouchers, gifts, or another type of privileges, your customers will appreciate it. Connect with him on Twitter and LinkedIn. .
“Our customers LOVE our loyaltyprogram.” ” The loyaltyprogram is represented as one solid and positive touchpoint on the journey map, and we move on to the more challenging ones. Customer Empathy Means Going Beyond the Obvious. Positive emotions are great.
See the difference control groups make in this guide Download Now Why it Matters: This post is important for retail marketers as it highlights how loyaltyprograms extend beyond simple discounts to foster deeper engagement and long-term brand affinity. A transaction may be hours, days, or weeks down the road. #4.
The good thing about social media is that it allows you to build strong connections with your customers. Don’t fret because, in this article, you will be able to understand how brands are using social media to connect and retain customers. Check your internet connection to avoid connection problems when you go live.
Very recent research on loyaltyprograms showed how customers are looking for more communication that’s relevant. The evaluations always lead to improvements which then lead to results like increased online conversions or loyalty. For most organizations, this is a shift from being reactive to proactive.
A gentleman who travels extensively and is a top-tier member of a hotel loyaltyprogram was telling me he just wished they’d ask him a few questions. The evaluations always lead to improvements which then lead to results like increased online conversions or loyalty. A great experience, but for whom?
31% of respondents rated being able to contact the company through any channel as the top driver of feeling emotionally connected to a brand. ( 30% of consumers are switch providers because they feel that there is no reward for loyalty. Customers enrolled in a loyaltyprogram visit a company’s site 35% more frequently.
While these strategies can vary based on your business model or resources available to your customer experience program, these proven strategies can help any organization reduce customer churn and improve customer retention. 79% of consumers say that loyaltyprograms caused them to purchase from an organization more frequently.
Determine what others in your organization need to know to really connect with the person who is your customer. And while a persona for those loyal customers could serve your purposes for a specific loyaltyprogram or VIP service initiative, remember those loyal customers have real lives, too. .
In less-turbulent times, segmentation provides potential opportunity for growth, but in today’s challenging climate, it’s a necessity to strengthen your position and better connect with your customers. How can you make better trade-offs using segmentation?
Many people assume that operating a loyaltyprogram 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.
Whether it’s custom t-shirts, mugs, tote bags, or water bottles, personalized merchandise helps businesses stand out while fostering meaningful connections with their customers. Why Personalized Merchandise Matters for Customer Loyalty Adds a Personal Touch Personalized merchandise resonates on an emotional level.
Let’s discover its top 6 drivers behind customer loyalty. Strong LoyaltyProgram Nike’s loyaltyprogram is more than just a point system. NikePlus is a textbook example of how to do customer loyalty right. NikePlus members can access exclusive collections, early drops, workout guidance, and more.
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