Loyalty Program types to Build Customer Relationships

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Loyalty Program types to Build Customer Relationships

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The main goal of any business is to build customer loyalty and satisfaction. Loyalty programs are a popular marketing strategy that reward customers for spending time and money with your company. A successful loyalty program provides rewards and incentives that help build customer relationships with your company. The benefits of these programs are not just limited to the company but they also have an effect on the customer. Loyalty programs work by rewarding customers for their business with various incentives and rewards.With the increased competition in business, loyalty programs can help your company stand out from the rest and build long-term relationships with your customer base. With the help of this presentation, we are going to discuss various types of loyalty programs for building stronger customer relationships. – PowerPoint PPT presentation

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Title: Loyalty Program types to Build Customer Relationships


1
Types of Loyalty programs for Great Customer
Experiences
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  • https//www.retyn.ai

2
Loyalty Program
  • Loyalty program is a marketing strategy for
    retaining most valuable customers closer to the
    brand with special offers.
  • Loyalty programs help to create great customer
    experiences.
  • A good loyalty program must be structured with
    best of technology, gaming, entertainment and
    cost-efficient factors.

3
Loyalty Program Types
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  • Tiered Loyalty Program
  • Earn and Burn Program
  • Perks Loyalty Program
  • Gamified Loyalty Program
  • Loyalty Communities

4
Loyalty Program Types
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  • Paid Loyalty Program
  • Coalition Loyalty Program
  • Lifestyle Loyalty Program
  • Influencer/Referral Loyalty Program
  • Hybrid Loyalty Program

5
Earn and Burn Program
  • The Earn and Burn Loyalty Program encourages
    customers to purchase products in order to grab
    new rewards and reach milestones.

6
Tiered Loyalty Program
  • Tiered Loyalty Program inspires customers to gain
    more rewards as they move up the loyalty ladder.

7
Perks Loyalty Program
  • Perks Loyalty Program provides unconditional
    rewards to every customers so that they will make
    frequent purchases.

8
Gamified Loyalty Program
  • Gamified Loyalty Program integrates several fun
    activities in order to encourage the interaction
    of customers to the brand.

9
Loyalty Communities
  • Loyalty Communities are formed based on some
    values or interests that helps to build and
    strengthen robust customer relationships.

10
Coalition Loyalty Program
  • Coalition Loyalty Program is suitable for
    shopping malls and commercial centres where
    various brands are brought together for giving
    incentives to their customers.

11
Paid Loyalty Program
  • Paid Loyalty Program provides premium rewards and
    benefits to their customers by paying a recurring
    fee.

12
Lifestyle Loyalty Program
  • Lifestyle Loyalty Program tries to understand the
    interests and aspirations of customers in order
    to connect them with your brand.

13
Influencer Loyalty Program
  • Influencer/Referral Loyalty Program tries to
    attract more customers through referrals and
    recommendations from credible sources.

14
Hybrid Loyalty Program
  • Hybrid Loyalty Program provides best experiences
    to customers by integrating multiple programs.

15
Culmination
  • Loyalty programs are an excellent way for
    companies to grow their customer base and get
    valuable insights on the needs of their
    customers. It is a great way for companies to
    make their customers feel appreciated and keep
    them coming back. Loyalty programs offer rewards,
    discounts, or other special incentives to
    customers for attracting them towards the brand.

16
Thanks!
  • Read More on Loyalty Program Types
  • https//www.retyn.ai/program-types
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