The Psychology of Instant Gratification in Loyalty Programs
You can actually earn some rewards the very second you make a buy! Instant gratification in loyalty programs makes customers feel appreciated when you give them immediate benefits after their engagement. The speed of rewards can change customer loyalty programs. A responsive system will also help to drive your success. It matters how speed can […]
Tips to Design a Multi-Tiered Customer Loyalty Program
A well-designed multi-tiered loyalty program can help improve your repeat business and strengthen the bond with your customers! I still remember working hard to get my Gold status at my favorite store. Those fun little rewards kept me coming back again and again. A loyalty program can increase customer retention and lifetime value. Here are […]
What Are The Best Loyalty Programs For Retailers? (Examples)
Some stores always have loyal customers, and to accomplish that, they set up loyalty programs, which motivate you to come back. These programs give you rewards and build connections with benefits that keep you returning. When you earn points on your everyday shopping, you get special member-only deals and lots of benefits – and so […]
How Gamified Rewards Improve Customer Loyalty & Profits
Why is it so hard to stop playing certain games? They’re so fun, and sometimes they’re even rewarding! That feeling of excitement that washes over you when you get to the next level or earn a fun new badge was built to keep pulling you back for more. This same concept is used in gamified […]
What to Look For in Loyalty Systems in The F&B Industry
Ever thought about loyalty systems? They aren’t just hot trends in the Food and Beverage (F&B) industry. These systems are key tools for keeping customers coming back. Basically, they’re planned marketing strategies that incentivize customers to keep using a business’s services or products. It’s easier than it sounds, right? But why are they so respected in the […]
5 Ways to Build a Better Customer Loyalty Program
Maybe you’ve heard it before: keeping existing customers is cheaper than obtaining new ones. But how much cheaper, exactly? According to the Harvard Business Review, bringing in new customers can cost anywhere from 5 to 25 times as much as holding on to existing ones. That’s right: as much as 25x more expensive, depending on […]
Unlocking Success: Top 5 Strategies to Win Back Customers
Attracting a new customer can feel like a huge win– after all, countless brands out there compete for their attention. However, it’s important not to close the book once a customer has made it down the sales funnel and made a purchase. Instead, it’s time to turn your attention to retaining existing customers. Every business […]
What Are Co-Branded Credit Cards and How Do They Work?
Did you know that the average American has two to three credit cards? According to the Guinness Book of World Records, the biggest collection of valid credit cards is held by Manish Dhameja. As of April 2021, he holds a stunning 1,638 credit cards. According to Dhameja: “I think my life was incomplete without credit […]
