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Lately, I’ve been asked about loyaltyprograms. Any company can create a loyaltyprogram. But, there is some confusion around what exactly a loyaltyprogram is. Anything you do to get a customer to start to do business with you – and gets them to return – could fall under the concept of a marketing strategy.
Only the Front Line Needs CustomerServiceTraining: Everybody in an organization is responsible for their role in customerservice. If they arent dealing directly with customers, they are supporting someone who is, or they are part of the process that impacts the overall service and experience.
What Customers Really Want From a LoyaltyProgram by Eileen Stephens (CMSWire) Customerloyaltyprograms 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.
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.
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.
If customers cant get the support they need from one company, they may leave and try a different company hoping for a better result. 7 Signs Your LoyaltyProgram Needs a Redesign by Cassie Preston (Retail Dive) In a fast-paced world where shopper behaviors evolve rapidly, loyaltyprograms must adapt to stay effective.
Empowered Employees – Customers want to work with employees who can make good customer-focused decisions and don’t have to ask a manager whenever there is a unique or special request. LoyaltyPrograms That Offer Real Value – More than points and discounts, create a program that makes customers want to do more business with you.
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.
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.
At Reward the World, weve seen firsthand how a well-crafted customerloyalty campaign can transform casual buyers into brand advocates. My Comment: This is an excellent article on customerloyaltyprograms. It gets customers to come back again and again. The goal is to create an emotional connection.
This article from customerservice expert Jeff Toister provides seven ways leaders can become role models on how their employees should act toward each other and their customers. How to design and run a customerloyaltyprogram for small businesses by Raúl Galera. Read on to learn more. That’s marketing.
(ZDNeT) Customerservice is experiencing a renaissance, and with the right imagination, intention, and technology, it can also become a business growth engine by driving satisfaction, sales, and loyalty. One of the main points is that customerservice is becoming the face of a brand. Thank you MattsenKumar!).
So, with that in mind, here are five ideas, a few of them revisited from the past, as well as some new ones, that will help you create that coveted loyal customer. Some companies think they have a loyaltyprogram, but it is actually a marketing program, and there’s a big difference. Follow on Twitter: @Hyken.
It’s prime time for retailers to grow an Amazon-level loyaltyprogram by Tom Caporaso. Retail Customer Experience) Clarus Commerce CEO Tom Caporaso believes it’s time for retailers to take advantage of the new membership economy. My Comment: Here’s a great article about customerloyalty.
(Braden Kelley) Marketers have an overly optimistic perspective on customerloyalty and their implementations of customerloyaltyprograms. The reality is that very few customers are loyal and much of what we speak of as customerloyalty is no more than repeat transaction behavior.
In a competitive marketplace, this hyper-tailored approach to marketing is the key to creating and keeping customers who love your brand. Personalization, consistency, fun, trust, and a loyaltyprogram are what helps these brands create customerloyalty. Let’s learn from some of the best.
I love the formula: Customer-Centric Mindset + Happy Employees = Company Success. Put another way, before you can have an amazing customer experience, you must start with an employee experience. The Untapped Potential of B2B CustomerLoyaltyPrograms by John Rolston and Jon Glick. Absolutely!
Deep Dive: How Rewards Programs Can Fuel Customer Spending by PYMNTS. PYMNTS) Starbucks has a winning recipe when it comes to taking care of its customers. The Seattle-based coffee giant’s loyaltyprogram has 19 million active members that account for 48 percent of its annual revenue. Follow on Twitter: @Hyken.
Or, maybe a better question is: When should chat-bots replace humans for customer support? Seven Tips For Successful CustomerLoyaltyPrograms In 2019 by Sallie Burnett. My Comment: My belief is that many customerloyaltyprograms are actually marketing programs. That’s not a bad thing.
Guide To LoyaltyPrograms For Small Businesses by Allen Kopelman (Forbes) Loyalty is a key driver for any enterprise that depends on repeat business. Restaurants, retail stores, salons and a wide range of businesses leverage loyaltyprograms to keep customers coming back and transform occasional customers into frequent shoppers.
Gift Experiences Can Create an Emotional Connection With Customers by Wise Marketer Staff. The Wise Marketer) The psychological impact of gifting, when created and delivered with specific design, has a powerful impact on customer behavior. My Comment: Here is a fascinating article about loyalty and the customer experience.
And, I’ll add a tenth: Make it super easy for your customers to find your contact information. 76% of Customers Choose LoyaltyPrograms that Collect ONLY Name and Phone Number by Michael Guta. Small Business Trends) More businesses are adopting customerloyaltyprograms because it is much easier to deploy.
Nine Areas of Focus for Improved CustomerServiceTraining by Rolling Stone Culture Council (Rolling Stone) Because they have direct interactions with customers on a daily basis, a company’s customerservice team plays a large role in that organization’s success. Here are my top five picks from last week.
Six Steps for Improving Customer Engagement and Loyalty by Genelle Kunst. Chain Store Age) Establishing a loyaltyprogram is a fundamental first step to improving customerloyalty. However, there are other key strategies that can help improve customer engagement and retention. And there are nine more!
This isn’t to say people have stopped seeking rational rewards such as points or discounts, but it seems that a new era of ‘human’ loyalty is upon us. My Comment: I love the concept of loyaltyprograms. However, there is a difference between a loyaltyprogram and a marketing program. Just kidding!
(Forbes) Rewards programs can be lucrative for loyal customers, but when companies add lots of rules and restrictions to a loyaltyprogram, it can actually have the opposite effect. My Comment: Let’s start this TOP FIVE roundup with an excellent article about customerloyaltyprograms.
How to Build the Ultimate LoyaltyProgram Explainer Page (With Examples) by Patrick Trochaniak. Smile.io) Your explainer page is what convinces your customers to join your loyaltyprogram. Since you want to maximize the number of members in your program, building your explainer page should not be an afterthought.
How to Run a CustomerLoyaltyProgram by ThriveHive. ThriveHive) This article will give you a run-down on the basics of customerloyalty marketing and programs, how they work, and how you can use them to retain more customers with your business. Loyalty Trends in 2020: How Will This Year Be Different?
Here’s a great line from the article: “Every additional penny that is asked of a customer should be put through a rigorous test.” It also includes a short list of what to consider when protecting customerloyalty. LoyaltyPrograms Should Encourage Competition. Over 90% of businesses today offer a loyaltyprogram.
Good LoyaltyPrograms Drive Word-of-Mouth Recommendations by Bryan Wassel (Grocery Dive) Most customers will recommend brands with good loyaltyprograms, but few pass the test and make members feel recognized, a recent study found. But there’s more. Don’t overlook the data! Connect with Shep on LinkedIn.
My Comment: I’ve been studying how different brands are creating successful loyaltyprograms. While the article focuses on retail (especially e-commerce), anyone from any type of company (B2B and B2C) that has “VIP customers” will want to read this article. My Comment: Let’s move away from loyaltyprograms but stay with trends.
Brands Want Your Loyalty—and Will Offer More Than Points to Get It by Lauren Giella (Newsweek) Loyaltyprograms offer customers rewards, discounts or other perks when buying from or using the products or services of a certain brand. My Comment: Here is an excellent and robust article on loyaltyprograms.
Someone recently referenced the book and this famous line, and it made me think about how customers are treated. Are all customers equal? Loyaltyprograms promote perks, rewards, elite status and more, which might suggest that not all customers are equal. For information, contact 314-692-2200 or www.hyken.com.
We can learn a lot from good and bad service. The Six Cs of LoyaltyProgram Marketing by Rick Boubelik. My Comment: Want to know some sure-fire ways to create a successful customerloyaltyprogram? Shep Hyken is a customerservice expert, professional speaker and New York Times bestselling business author.
Here is some insight into their “Zappos for Good” program, direct from Steven Bautista, the head of charity at Zappos. 3 Ways to Make Your LoyaltyProgram More Social for the Holidays by Barry Kirk. Maritz Motivation) Most consumers join loyaltyprograms with self-serving motives. Follow on Twitter: @Hyken.
This article by Shai Berger, CEO of Fonolo and an expert in the customer support world, shares his thoughts in this thought provoking article. 7 Steps to a Flawless LoyaltyProgram by Timi Garai. Plus, the infographic also explains how a loyaltyprogram can help to increase your ecommerce store’s profit.
More Than One-Third Of Shoppers Would Pay For Enhanced LoyaltyPrograms by Marie Griffin. Retail TouchPoints) With the benefits of loyaltyprograms well known, competition among brands for members and a larger share of their spending is fierce — and consumers know it, so they are expecting more in return for their loyalty.
The big take away is the level beyond customerloyalty, which is desire. The concept of desire is loyalty on steroids. The Definitive Guide to Creating a Successful LoyaltyProgram by Timi Garai. Antova) Have you thought of running a loyaltyprogram for your online store? Great article!
If you combine that with a great CX, customers will keep coming back. Top 5 CustomerLoyaltyPrograms That Work by Retail Merchandiser (Retail Merchandiser) In today’s competitive market, businesses need more than just quality products or services to retain customers—they need to cultivate loyalty.
If you want to ROCK your loyaltyprogram (if you have one), you’ll enjoy this article. Is Simpler Better For Rewards Programs? RetailWire) Non-tiered customerloyaltyprograms were found to increase customer value by almost 30 percent over a five-year time period. There are plenty of great ideas.
6 Types of CustomerLoyaltyPrograms to Help Grow Your Small Business by Social Media Today. Social Media Today) Rewards points, VIP privilege, Tiered programs, Omnichannel programs, Cashback – What is the best loyaltyprogram to help grow your business? Here is an infographic.
Maritz Motivation Solutions: Six Questions to Ask Before Launching a LoyaltyProgram by PR Web. My Comment: While this is a press release put out by Maritz, it links to a free download of “The Insider’s Guide to CustomerLoyalty.” Well worth your attention, especially if you have any type of customerloyaltyprogram.
How to Start a CustomerLoyaltyProgram for Your Small Business by Brandi Marcene. Atlanta Small Business Network) Regardless of the industry, you’ll come across various issues concerning customer retention. Keep in mind that a loyaltyprogram is as much about marketing. Follow on Twitter: @Hyken.
Harvard Business Review) More and more companies have loyaltyprograms — and for good reason. A recent industry report showed that loyaltyprogram members not only spend more and remain customers longer but they are also more likely to spread positive word of mouth. Follow on Twitter: @Hyken.
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