Submitted by: Submitted by amohame9
Views: 220
Words: 380
Pages: 2
Category: Business and Industry
Date Submitted: 03/31/2013 04:29 PM
By : Abeer Sobhy
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Get More Repeat Customers Spend Less on Advertising Spread Positive Word of Mouth Double the Value of Your Business
Loyalty marketing is an approach to marketing, based on strategic management, in which a company focuses on growing and retaining existing customers through incentives.
Loyalty programs improve customer retention and encourage spending. Customer acquisition in improved by distinguishing you and your services from the competition.
It’s 7-10 times more expensive to acquire new customers than it is to keep existing customers coming back. Making the experience more interactive and customer-friendly. Supporting branding and awareness efforts by literally inserting a brand into customers’ hands and wallets. Having an up-to-date and working customer database can double the value of your business. Giving companies the opportunity to personalize marketing and promotions based on customer preferences.
Provide more valuable and exciting incentive and redemption gifts to your customer. You saving more money compare to using third party customer loyalty program
50% of table-service customers said they’d be more likely to patronize a place that has a loyalty program. And that most customers would increase their visits to a favorite place if it offered a reward program. Fact is, loyalty programs are the most effective marketing activities cited by place owners.
Companies can increase revenues by nearly 50% by retaining only 5% of their customer base. Over 60% of U.S. households said that loyalty card programs were important in their shopping decisions. Consumer spending is 46% higher with companies that offer loyalty card programs.
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Get More Repeat Customers Spend Less on Advertising Spread Positive Word of Mouth Double the Value of Your Business
Your loyalty customer can save more with future credit. You can increase make more money when sales increase
Your satisfied customers are motivated to...