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Regular feedback sessions, coupled with co-creation workshops, enable businesses to address client concerns while collaboratively designing future solutions. By making clients active participants in the relationship, companies create a partnership dynamic that breeds 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.
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.
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. We love repeat customers, but dont get caught believing your repeat customers are truly loyal.
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.
LoyaltyPrograms That Offer Real Value – More than points and discounts, create a program that makes customers want to do more business with you. Learn more about Shep’s customer service and customer experience keynote speeches and his customer service training workshops at www.Hyken.com.
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. Here are seven signs your loyaltyprogram may need a redesign. Here are seven reasons why a loyaltyprogram might fail.
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.
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. When conducting a recent touchpoint inventory workshop, the client was surprised when I pressed for what their brand promise really was. A great experience, but for whom?
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.
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.
At Reward the World, weve seen firsthand how a well-crafted customer loyalty campaign can transform casual buyers into brand advocates. My Comment: This is an excellent article on customer loyaltyprograms. The goal is to create an emotional connection. It gets customers to come back again and again.
Introduce loyaltyprograms to reward long-term customers for their continued use of your banking services. By offering benefits like cashback offers, you can drive both customer satisfaction and loyalty. Keep customers in the loop with personalized messages about account activity, new products, or special offers.
Personalization, consistency, fun, trust, and a loyaltyprogram are what helps these brands create customer loyalty. Learn more about Shep’s customer service and customer experience keynote speeches and his customer service training workshops. Let’s learn from some of the best. Connect with Shep on LinkedIn.
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.
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.
Starbucks Raises the Bar on Customer Loyalty 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. Connect with Shep on LinkedIn.
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.
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.
It also includes a short list of what to consider when protecting customer loyalty. LoyaltyPrograms Should Encourage Competition. The Reality May Be the Opposite by Alexandru Nichifor and Scott Duke Kominers (SmartCompany) Loyaltyprograms enable firms to offer significantly lower prices to some of their customers.
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. 3 Trends That Will Likely Dominate Customer LoyaltyPrograms In 2024 by Zsuzsa Kecsmar (Forbes) Loyaltyprograms are often recognized as a way to retain customers and let companies showcase their brand values.
“ Am I expected to mention our loyaltyprogram anymore? Why isn’t that happening this time?” ” Meanwhile, the agent is insecure about procedures because of a memo about a new way to greet guests. Now she's giving you the secrets to start your Customer Experience Mission for free!
Top 5 Ways to Future-Proof Your LoyaltyProgram by Sara Galloway (The Wise Marketer) Imagine a world where prioritizing customer loyalty is even more relevant tomorrow than it is today. We see this future just ahead of us and believe that adopting the right strategic mindset will separate loyalty leaders from laggards.
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.
Watch the 3-minute mini-workshop or read the transcript just below it to find out: Customer Engagement – A Key Success Strategy for Any Business. Implement rewards/points programs, membership/loyaltyprograms, and VIP clubs to incentivize customers to increase engagement with your brand.
Top 5 Customer LoyaltyPrograms 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. These brands have cracked the code of loyaltyprograms.
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. My Comment: You will want to read this article if you own a restaurant and have a loyaltyprogram. Ease of use.
by Jubin Mehta (The Wise Marketer) Brands really care about customer loyalty 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.
Loyalty incentives programs 15. Host seminars and workshops 18. Loyalty incentives programs Creating a rewards system for customers is a great way to boost loyalty and repeat business. Make sure to update your loyaltyprogram often so it remains fresh and exciting for customers.
Rewarding That Loyalty Is Mandatory. My Comment: This is an interesting article on customer loyaltyprograms. The “3 Things to Remember about Customer Loyalty)” at the top of the article summarizes three important points: 1) Everyone is a VIP somewhere. 3) Tracking customer loyalty boils down to math.
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. Connect with Shep on LinkedIn.
LoyaltyPrograms – A Few Best Practices by MTS Staff Writer (MarTech Series) Loyalty management encompasses more than just software or a vendor running a loyaltyprogram. Here’s an article with several short examples about how companies created a culture that helped create the experience that retains customers.
My Comment: This article on customer loyalty appeared in an Australian and New Zealand jeweler magazine. Learn more about Shep’s customer service and customer experience keynote speeches and his customer service training workshops. You don’t need to own a jewelry store to appreciate the ideas. Connect with Shep on LinkedIn.
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. Connect with Shep on LinkedIn.
Loyalty is a Strategy, Not a Program by Kevin Susman (Total Retail) In the commercial innovation workshops I lead around the globe, there are many strategies that clients and customers want to cover. However, without fail, I always get asked what can be done to improve customer loyalty. Connect with Shep on LinkedIn.
Traditional loyaltyprograms, which often offer points or cash rewards, are being outdone by a new trend: experiential rewards. My Comment: I’m a fan of rewards and loyaltyprograms for a reason. Done well, they foster repeat business and can lead to true customer loyalty. Connect with Shep on LinkedIn.
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. Others are suggesting an amount much larger than what the typical customer is used to.
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. Customer loyaltyprograms are often marketing programs offering discounts and perks for repeat business.
Co-creation can be as simple as inviting in a customer cohort to a workshop or asking for feedback directly along the way. Starbucks has credited its hugely popular pumpkin spice flavor and several parts of its loyaltyprogram to customer ideas. This can lead to the first layer of your service blueprint.
Customer Loyalty 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 customer loyalty to a business. There’s something here for every company, from small to large.
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. Our CX research finds that 76% of customers are more likely to return to a company with a rewards or loyaltyprogram.
The following are some of the trends in customer service expectations that I have identified by talking to workshop attendees, customers, friends, and conducting a survey of available research and publications. Much of this change is being driven by the pervasiveness of technology, especially social media. 24/7/365 mentality.
Run workshops or video tutorials to get them comfortable, and always provide hands-on practice. Heres how you can make loyaltyprograms work for your online wholesale store: Points-Based Rewards : Create a system where customers earn points for every dollar they spend. Updating your chatbot?
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