Loyalty Programme: A Great Way To Grow Your Business
Customer Loyalty Programme A loyalty programme is a program that allows your customers to build up credit with which they can: 1. Apply to further purchases. 2. Exchange for rewards like free spa, movie tickets & discount coupons 3. Redeem for cash. * These are the most common forms of rewards.
Loyalty programme
Why Do Businesses Need To Implement Loyalty Program 1. It costs a lot more to generate a new customer than to sell to a repeat customer. 2. Loyalty programs allow you to build a customer base that is loyal to your products. 3. They will continue to purchase from you, rather than your competitors. Customer loyalty programs
Tips For Implementing Loyalty Program: 1. Make it easy for a customer to know how many points they have. 2. Let them know how many points they need to redeem their rewards. 3. Avoid confusing your customers. Make it easy for them to gain credits & cash in on their loyalty. Customer rewards program
Tips For Implementing Loyalty Program: 4.
While deciding the details of the reward consider the following:
a) Acquisition cost of your customers b) Lifetime value of your customers (This will help you determine how much you can afford to give to your customers.)
Loyalty reward program
Tips For Implementing Loyalty Program: 5.
Decide who gets to participate in the program. It makes more sense to spend your marketing money on the section which generate majority of your income.
6.
Your loyalty program should be cross-channel. Ex: If you take orders by phone in addition to your web site, the loyalty program should extend to both channels. Reward program
About GraceKennedy Value Reward Programme: GK Value Reward is a loyalty program to give back to loyal customers & show appreciation for their support for the past ninety years. Now, in addition to the quality products & excellent services, GraceKennedy group also wants to treat their customers with special rewards whenever they shop at or do business with any one of GK Group's participating subsidiaries, Hi-Lo, GK General Insurance, First Global Bank, Bill Express and FX Trader.
customer loyalty programme
GRACEKENNEDY Value Reward Program Join GraceKennedy Rewards Programme Free: Rewards Sign Up
For More Information: Call Us At: 1-888-429-5458 Write To Us At: gkvaluerewards@gkco.com