5 MUST HAVES FOR
LOYALTY IN
eCOMMERCE
© 2015 - TFC International Ltd
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Customer loyalty is both an attitudinal andbehavioral tendency to favor one brand overall others, whether due to satisfaction withthe product or service, its convenience orperformance, or simply familiarity andcomfort with the brand.
Customer loyalty encourages consumers toshop more consistently, spend a greater shareof wallet, and feel positive about a shoppingexperience… helping attract consumers tofamiliarize themselves with brands in the faceof a competitive environment.
© 2015 - TFC International Ltd
A successful Customer Loyalty Strategy delivers on the following promise:
Higher customer retentionHigher customer engagementIncreased adoptionIncreased customer lifetime value
= Higher overall revenue for Brands
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© 2015 - TFC International Ltd
It’s easy to stand with the crowd, it takes courage to stand alone.Promote yourself as a unique company with a unique service & give customers a reason to choose your Brand
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© 2015 - TFC International Ltd
STAND OUTAcknowledge new buyers with a reward for first time purchase
Rewards must be instantly available or if the customer chooses, accrued toward future purchases
Acquiring a new customer costs 5-10 times more than retaining an existing one.
© 2015 - TFC International Ltd
COSTS LESS
& PROVIDES INSTANT ENGAGEMENT
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Data from Inc., authored by Donna Fenn.
Rewards must be meaningful - if you are selling online, redemption of rewards should be available online
A repeat customer spends 67% morethan a new one.
BUY MORE
© 2015 - TFC International Ltd
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Data from Inc., authored by Donna Fenn.
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BETTER RESPONSE RATES
Messages sent to loyalty program members seehigher conversion rates than those to non-members.
© 2015 - TFC International Ltd
Communicate future rewards expectations - let them know why they should buy from you going forward
Data from The Wise Marketer,
authored by Peter Clark.
“ If you're competitor-focused, you have to wait until there is a competitor doing
something. Being customer-focused allows you to be more pioneering. “
Jeff Bezos (Amazon CEO)
© 2015 - TFC International Ltd
• Reward your loyal customers for loving your product/service!
• Reward your employees, because you couldn’t have done it without them.
• Create incentives
• Create promotions
© 2015 - TFC International Ltd
HO
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But must have high value to consumers to be effective
REWARDS CAN BE LOW COST
• SAAS Based
• Multilingual
• Customizable
• Customer Service Solution
• Access to Data
• Reporting tool
• Communication tool
© 2015 - TFC International Ltd
LOYA
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SELE
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IALOYALTY SOLUTION CRITERIA
• No inventory
• Instant delivery
• Global reach
• All price levels
• Low cost / High Value
• Refreshed daily
• Meet local requirements
• Delivery across devices© 2015 - TFC International Ltd
LOYA
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SELE
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IAREWARDS CRITERIA
© 2015 - TFC International Ltd
WH
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?DIGITAL REWARDS
© 2015 - TFC International Ltd
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?DIGITAL REWARDS
Allow to run promotion
• More often
• Faster
• With measurable results
• 30% cheaper to run
Offering instant gratification to your customer
© 2015 - TFC International Ltd
5 M
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FO
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IN e
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ERC
E IN SUMMARYAcknowledge & welcome new buyers with a reward for first time purchase
Rewards must be meaningful - if you are selling online, redemption of rewards should be available online
• Rewards can be low cost, but must have high value to consumers to be effective
• Communicate future rewards expectations - let them know why they should buy from you going forward
• Rewards must be instantly available or should the consumer choose, accrued toward future purchases
the first club™ is the first choice for millions ofinstant digital rewards for individuals and brandsdelivered anytime to any device, worldwide andsetup in minutes
www.thefirstclub.comwww.thefirstclub.net
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