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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.
It’s increasingly important that loyalty strategies continue to evolve with customer demand, which means companies looking to re-design or launch a mobile app should keep these guidelines in mind as they incorporate their loyaltyprograms. members of its loyaltyprogram, marking a 16 percent year-over-year increase.
Marketing teams are spending big on rewards, partnerships, agencies, data capabilities and marketing technology. Loyalty has become table stakes in most consumer facing sectors. Having a loyaltyprogram is becoming a cost of doing business, a hygiene factor. Especially if a loyaltyprogram is part of your strategy.
Marketing teams are spending big on rewards, partnerships, agencies, data capabilities and marketing technology. Loyalty has become table stakes in most consumer facing sectors. Having a loyaltyprogram is becoming a cost of doing business, a hygiene factor. Especially if a loyaltyprogram is part of your strategy.
The sea-change in marketing technology is evident in the Gartner CMO survey, which tracked spending across all marketing disciplines: …most of which are rooted in martech solutions, younger than loyaltyprogram management technologies, but all united by the common need to share customer data and use it to drive results.
Having benchmarked and talked to hundreds of loyaltyprograms in the past few months, what we think program leaders ought to be doing during the next 3-6 months is preparing a plan to realign their loyaltyprogram design with the broader business strategy and core value propositions. Customer data: maximize ROI.
Nobody in loyalty could have missed The Times’ headline in October, about the Committee for Climate Change (CCC) proposal to start taxing frequent flyer programs (FFPs), or even to shut them down, under the assumption that they increase flying. Brands reward more touchpoints to grow emotional loyalty.
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