Crack The Customer Code

115: Do Loyalty Programs Still Work?

Informações:

Sinopsis

Traditional customer loyalty programs aren’t performing nearly as well as they used to. How can we forge loyalty with the next generation of customers? The next generation of loyalty programs Punch cards, reward points and other incentives have helped companies forge customer loyalty in the past. But these methods have lost a lot of ground! Customers are using technology to help them shop with hundreds, if not thousands of competitors. The advantages of saving up points or checking emails for short-lived discounts don’t seem as sexy to today’s consumers. A new trend in customer loyalty is really taking off, especially with the next generation of consumers. Smart companies like Amazon have discovered a demand for pay-to-play loyalty programs. (In case you haven’t noticed, Amazon Prime has gotten HUGE!) This is great news for everyone involved. Customers now know what to expect for their loyalty, and the companies who offer these programs see an immediate return on their investment. From a business owner’s p