Breaking with tradition: what more can you expect from a loyalty program?

Post on 25-Jul-2015

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Transcript of Breaking with tradition: what more can you expect from a loyalty program?

BREAKINGTRADITION

WITH

WHAT CAN YOU EXPECT FROM

A LOYALTY PROGRAM?

MORE

LOYALTY PROGRAM

WHAT IS A

FOR

“Expressing appreciation to our customers”

“Facilitating business communication with customers”

“Capturing the insight to find out customer behaviour and their preference”

“Enhancing the

value-proposition of

the products or

services”

“Rewarding the

regular customers”

“Maintaining the good

relationship with

customers”

“For advertising and

cross-business

promotions”

LOYALTY PROGRAM

AT THE END OF

AS YOU CAN FROM

THE DAY, IT’S ABOUT

CUSTOMERS

CREATING AS MUCH

““

M NEY!GIVEIN OTHER WORDS...

ME MORE OF YOUR

M NEY!GIVEIN OTHER WORDS...

ME MORE OF YOUR

BREAK WITH TRADITIONIT’S TIME TO

AND EXPECT

MORE

HOW DO I KEEP MY CUSTOMERS?GET MORE

BARRIER

LOYALTYCAN DRIVE CUSTOMERS

LOYALTYCAN DRIVE CUSTOMERS

CREATEMORE CUSTOMERS

TO

WORD-OF-MOUTHRECOMMENDATION, ONE OF THE MOST POWERFUL AND EFFECTIVEMARKETING TOOLS

A GOOD LOYALTY PROGRAM CAN FUEL

POSITIVE

HOW DO I MAKE THE CUSTOMERS SPEND MONEY WITH ME?

MORE

BARRIER

A GOOD LOYALTY PROGRAM SHOULD INCREASE CUSTOMER SPENDING

LOYALTYAS THERE IS A CORRELATION BETWEEN

AND

REVENUE

LOYALYOUR CUSTOMERS ARE

THE MORE

PURCHA$EYOUR PRODUCTS

THE MORETHEY ARE WILLING TO

BOOSTSIN OTHER WORDS,AN EFFECTIVE LOYALTY PRGRAM

HOW DO I MAKE THE CUSTOMERS STAY?

LONGER

BARRIER

A

GOODLOYALTY PROGRAM

TRIES TO MAKE THE CUSTOMERS

STAY

A

GOODLOYALTY PROGRAM

CAN MAKE THEM

STAY

GREAT

LONGER

IN OTHER WORDS, A

GREAT HAS A DIFFERENT STRATEGIC APPROACHTO MANAGING THE CUSTOMERS ACROSS THEIR

LIFECYCLE, RESULTING IN DECREASING OR

MINIMISING

LOYALTY PROGRAM

“Every company’s greatest assets are its

customers, because without customers

there is no company.”

- Michael LeBoeuf