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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.
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.
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.
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.
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.
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.
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.
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.
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.
Starbucks Raises the Bar on CustomerLoyalty with Ad Campaign from Anomaly by Andrea Surnit (DesignRush) Companies that integrate storytelling, sensory marketing, and customer incentives can cultivate long-term relationships that ultimately drive revenue. My Comment: Lets take another lesson from Starbucks.
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.
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.
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.
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.
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.
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.
6 Must-Haves for Your Restaurant’s LoyaltyProgram by Cherryh Cansler (Fast Casual) Noodles and Co, Mooyah, Clutch Coffee and Hyve execs discuss why successful loyalty platforms feature 1. Heavy adoption by customer base driven by employees actively promoting 4. Ease of use. Engaging offers and new products.
Eliminate Inconveniences For Your Customers With These 5 Tips by Brittany Hodak (Brittany Hodak) When it comes to creating an exceptional customer experience, businesses often focus on the big gestures – impressive loyaltyprograms, flashy gifts, and over-the-top service at one or two big moments.
My Comment: This article on customerloyalty appeared in an Australian and New Zealand jeweler magazine. Shep Hyken is a customerservice/CX expert, award-winning keynote speaker, and New York Times bestselling author. You don’t need to own a jewelry store to appreciate the ideas. Connect with Shep on LinkedIn.
by Jubin Mehta (The Wise Marketer) Brands really care about customerloyalty but more often than not, the understanding and execution have to go beyond a basic loyaltyprogram. In the last couple of years, there has been a radical shift in this with brands foraying into loyalty with full force.
Others are suggesting an amount much larger than what the typical customer is used to. As Inflation Bites, LoyaltyPrograms Are More Important Than Ever. Here’s How to Create One That’ll Stand the Test of Time by Colleen Murray (Entrepreneur Media) Chances are your loyaltyprogram is failing.
Rewarding That Loyalty Is Mandatory. by Joe Procopio (Built In) In the age of AI, the relationship strands between a business and its customers are becoming thinner and thinner, opening up that relationship to various new and more complicated threats. My Comment: This is an interesting article on customerloyaltyprograms.
My Comment: When our clients are interested in our customerservicetraining for their “new” customerservice/CX initiative, they are excited and ready to start. Used the right way, it may even help you create more tailored and personalized customer experiences! My Comment: I’m a big fan of loyaltyprograms.
Why Experiential Rewards Are Winning Over Customers: 5 Stellar Examples by Peter Vogel (The Wise Marketer) In today’s highly competitive business environment, brands are constantly searching for innovative ways to engage and retain their customers. My Comment: I’m a fan of rewards and loyaltyprograms for a reason.
Here’s an article with several short examples about how companies created a culture that helped create the experience that retains customers. LoyaltyPrograms – A Few Best Practices by MTS Staff Writer (MarTech Series) Loyalty management encompasses more than just software or a vendor running a loyaltyprogram.
Deloitte Shares Loyalty Trends and Best Practices for 2024 by Alicia Esposito (Retail TouchPoints) To drive customer retention and loyalty, most brands and retailers continue to rely on purchase discounts (77%) and loyaltyprogram points (61%), according to Retail TouchPoints research.
CustomerLoyalty and LoyaltyPrograms- How it Helps a Business? My Comment: I’ve suggested many different articles on loyalty over the year. Here’s another that includes over 20 “topics” on the benefit of customerloyalty to a business. There’s something here for every company, from small to large.
While subscription models play a role, a crucial strategy involves identifying customer interests. My Comment: Lately, I seem to be attracted to articles on loyaltyprograms. Perhaps that’s why you’ll find at least two articles about loyalty in this week’s roundup. Connect with Shep on LinkedIn.
This short article hits some of the high points of why creating obsessed customers is a good strategy. Making the program attractive and valuable to your customers is key. Making the program attractive and valuable to your customers is key. My Comment: This short article will take you less than two minutes to read.
Customers accumulate points for every pound they spend to earn discounts on future products and services. The exchange is straightforward: customers get benefits; the brand gets loyal customers. So, imagine if you combined the two: a good loyalty/ incentive program (points, perks, etc.)
Looking Ahead for Loyalty in 2023 by Meg Tronquet (Concentrix) Loyaltyprograms were the talk of the town in 2022. As the economy struggled to stabilize due to lingering supply chain shortages caused by the pandemic, coupled with the highest inflation in 40 years, retailers turned to loyalty to attract and retain customers.
How 6 Brands Could Change Loyalty Trends In 2024 by Jenn McMillen (The Wise Marketer) Loyalty marketing remains popular, but often is just the same-old, same old. But in 2023, these six retailers and brands set new standards of what loyalty can be. My Comment: Most loyaltyprograms are marketing programs.
So, what better time to cultivate some customerloyalty so you can supercharge your sales towards the end of the year? I do like it, but I think it is more about creating a customerloyaltyprogram focused more on repeat business than true loyalty. There is nothing wrong with that!
Mapping out your customer journey can also help you identify what aspects of your brand speak most clearly to current customers. LoyaltyPrograms. Customers love being rewarded for spending with you—it confirms that you prefer their specific business to the extra dollar you might otherwise earn.
In this year’s report, consumers indicated that they value relationship marketing strategies, personalization and loyaltyprograms, while third-party tracking tools and social media advertisements continued to rank among the most unpopular. Connect with Shep on LinkedIn.
The author of this article recognizes the good and bad that can come from this time of program. Are CustomerLoyaltyPrograms the Best Method for Retention? My Comment: Do loyaltyprograms create loyalty? It depends on how you define loyalty. It depends on how you define loyalty.
In the current competitive marketplace, however, the key to sustainable growth and success lies in building brand loyalty through emotional connection, a connection between brand and customer that goes beyond promotional tactics. Customerloyaltyprograms are often marketing programs offering discounts and perks for repeat business.
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