Loyalty programs , as an evolved method of network marketing, are one of the most effective ways to retain the attention of customers and increase their interest. The fact that people love loyalty programs is confirmed by statistics.
For example, according to YouGov, 68% of consumers have a positive attitude towards loyalty programs and personalized offers/discounts.
Our team recommends considering the possibility of implementing twitter data methods such as:
● Cumulative bonus program , when the buyer makes a purchase and receives points for it;
● A tiered loyalty program , where the client is awarded a small prize upon reaching a certain level;
● A referral program , where an existing customer receives a reward for referring their friends to purchases;
● A paid premium program , when by purchasing a place in the club, a person becomes a VIP buyer and receives a significant benefit by purchasing the company’s goods;
● Cashback , when the buyer receives a percentage of the purchase amount back to his card as a reward.
To achieve higher sales figures, companies develop marketing strategies in a comprehensive manner, combining different types of loyalty programs. Thus, it is possible to increase profitability up to 20% and higher.