Reasons why a brand should implement loyalty programmes
To boost sales: Loyalty programmes have been tested and proven to be successful in various industries and as a marketer, you should never overlook this factor. Your loyalty schemes could even attract customers to buy more at a given time if the incentives you offer are worth it. And, of course, it has a major impact on your sales growth.
Better engagement: These programmes also help you with better customer retention, while keeping them engaged with your services. This plays a major role in how likely they are willing to stick around and pay for your services. Because they don’t just buy products from you looking at the price factor but also because of the experience, shared values and the emotional connection they have with the brand.
Increased brand awareness and reputation: When you reward your existing buyers, they talk good about you to other people who eventually might become your new buyers. Always treat your existing customers right because of that’s how they tend to bring in lots of new ones, which sometimes turns out to be more valuable than your marketing team efforts.
More satisfied happy customers: When you establish a loyalty programme you form a relationship between you and your buyers. This keeps them in constant touch with you. There are times when few people even form an emotional connection with brands just because of the services they experience. So its always necessary to prioritize your engagement factor to keep them happy and satisfied.