Having a large base of loyal customers is one of the prime requirements for a business in today\’s fierce competition. Companies are focusing on acquiring brand-loyal customers to sustain competitive advantage and maintain business growth. Hence, they are implementing a variety of loyalty programs to fulfil their aim. According to a research study near about …
How to Select The Right Customer Loyalty Solution Read More »
Loyalty programs are offered by different retail stores, restaurant and hotel chains. These are very much in vogue today as it helps in building a good customer relations and also facilitates in retention of customers in a better way along with of course increasing the sales of the business manifolds. Such programs exhort the customers …
Best Practices For Launching A Loyalty Program (Demo) Read More »
Loyalty programs and referral programs are closely connected, that\’s why people usually confuse these two programs for rewarding the same thing. There are components of each type of program that can easily be twisted. A customer who brings referral businesses continuously, consider as a loyal customer. Likewise, some referral programs require customers to refer many …
A loyalty program is a structured and long-term marketing strategy that entices customers to make frequent repeat business with a certain product or service. Usually, the customer loyalty program offers unique benefits like discounts and other rewards. In fact, a 5% increase in customer loyalty is likely to increase profit per customer by 25% -100%. …
The Evolution Of Loyalty Programs With Changing Times Read More »
Innovative approaches are the key to entice customer participation. Businesses are adopting unique ways to keep their audience attracted to their brands, and loyalty programs are no exception. Companies are expanding loyalty programs in a customized way to acquire and retain more customers. But, what will be the future of loyalty? Will it have a …
A loyalty program is an efficient way to retain existing customers and attract them to make repeat business. It is the ultimate way to increase revenue from your current customers. As it costs up to five times more to acquire new customers, it is better to nurture the existing ones. Hence, if you introduce a …
Creating a loyalty program is the key to increase ROI for your business. Loyalty programs are designed to retain existing customers who are loyal to your brand. Loyal customers make frequent purchases, and the cost of selling to them is relatively low. Also, they tend to get referral business for you via word-of-mouth marketing. If …
All About Building Customer Loyalty In Manufacturing Read More »
All companies do a million things to try and grow their business, however, have you ever thought about the true value of retaining the existing customers? According to survey analysis, up to 40% of total revenue in business comes from returning visitors. Similarly, it also costs more to acquire new customers rather than nurturing the …
5 Ways to Earn & Build Customer Loyalty for Your Business Read More »
Do you know repeat customers have a higher lifetime value for your business?It costs 5x more to acquire new customers rather than nurturing existing customers. So, successful businesses across the globe put their endeavors to retain more and more existing customers. Further, about 65% of a company\’s business comes from existing customers. Hence, it\’s a …
How To Create Customer Loyalty Programs for E-Commerce Read More »
Now each passing day FMCG companies’ products are becoming competitive and FMCG Loyalty Programs and daily spends are getting richer in volume. FMCG enterprises are spending generously on finding some opt ways to connect and differentiate themselves from their peers. Maintaining constant connect with your customers due to fierce competition. In order to acquire a …
An Indian Perspective to Customer Loyalty Programs for FMCG companies Read More »
