Loyalty programme - Great Way To Grow Your Business

About This Presentation
Title:

Loyalty programme - Great Way To Grow Your Business

Description:

A loyalty program is a program that allows your customers to build up credit with which they can exchange for rewards. This presentation is about why it is important for businesses to implement a Customer Loyalty Programme. The presentation also discusses few important points to take into consideration while implementing a Loyalty Programme. – PowerPoint PPT presentation

Number of Views:16

less

Transcript and Presenter's Notes

Title: Loyalty programme - Great Way To Grow Your Business


1
Loyalty Programme A Great Way To Grow Your
Business
2
Customer Loyalty Programme
  • A loyalty programme is a program that allows your
    customers to build up credit with which they can
  • 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
3
Why Do Businesses Need To Implement Loyalty
Program
  • 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
4
Tips For Implementing Loyalty Program
  • 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
5
Tips For Implementing Loyalty Program
  • While deciding the details of the reward consider
    the following
  • Acquisition cost of your customers
  • Lifetime value of your customers
  • (This will help you determine how much you can
    afford to give to your customers.)

Loyalty reward program
6
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
7
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
8
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_at_gkco
.com
Write a Comment
User Comments (0)