How to Use Loyalty Programs to Increase Sales and Keep Your Buyers Coming Back to You (Instead of Your Competition)
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LESSON TASKS
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- What rewards can you offer that have a high-perceived value to your buyer?
- What type of loyalty program will you create?
- How will you make the sign up and follow process easy?
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LESSON BRIEF
[op_liveeditor_element data-style=””][text_block style=”undefined” align=”left” font_color=”%23788596″]Here’s why loyalty programs are an important profit driver for moving the needle in your business:
- 81% of consumers are more likely to continue doing business with brands that offer loyalty programs (Bond)
- 70% of consumers modify the when/where they purchase from in order to maximize points (Bond)
- 66% of consumers modify amounts they spend to maximize points (Bond)
- 73% of loyalty programs members are more likely to recommend brands with good loyalty programs (Bond)
In other words, if you have a loyalty program – on average – your consumer will buy from you in greater frequency, in greater amounts, will remain more loyal to you and refer their friends.[/text_block][/op_liveeditor_element]
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Downloads
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Loyalty Programs Brainstorm (via Google Spreadsheets)
Before Using Go to File -> Make a Copy
NEXT LESSON
[op_liveeditor_element data-style=””][text_block style=”undefined” align=”center” font_size=”20″ font_style=”bold” font_color=”%234d5560″]CONGRATULATIONS![/text_block][/op_liveeditor_element]
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[op_liveeditor_element data-style=””][text_block style=”style_1.png” align=”left” font_color=”%23788596″]Keep an eye on your inbox – we’ll let you know as soon as Module 7 is released…[/text_block][/op_liveeditor_element]
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