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Loyalty Programs!?! We Don’t Need No Stinkin’ Loyalty Programs!!!

Beyond Philosophy

For the past several decades, many companies have relied on customer loyalty cards or programs, by which they can track purchase behavior and give rewards for repeat and volume buying activity. Customer loyalty programs are especially popular among retailers. also has no loyalty program. In the U.S.,

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New Report Reveals How to Build Customer Confidence in 2015

Experience Investigators by 360Connext

Instead of touting how a visitor could find more information on their products, they tout sales and tuck the research part behind most everything else. Starbucks ranked well above others in terms of being a “great loyalty program.” This is another type of reassurance for customers. Will I be rewarded for my behavior?

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Customer Journeys Are More Jungle Gym Than Funnel

Experience Investigators by 360Connext

The sales funnel is so simple, in theory. But customer experience travels on, past the prospecting and sales phase and well into the relationship with the customer. Very recent research on loyalty programs showed how customers are looking for more communication that’s relevant. They exit into a converting customer.

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Wired Together: Building Customer Loyalty And Word of Mouth

Experience Investigators by 360Connext

In fact, they are 70% more likely to do so if they are part of a loyalty program or “VIP” customers. The ways to increase loyalty AND gain more word-of-mouth traction is to treat your customers fabulously. In any accounts or sales meeting, discuss the 20% as the real people they are. Image credit: .reid.

Loyalty 291
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The Surprising Secret to Sales Growth

Beyond Philosophy

But according to a recent article by global management consulting firm McKinsey&Company, (D) may actually be a better answer. Traditional sales advice says that it’s easier to keep a past customer than to get a new one, and so there’s been a proliferation of customer loyalty programs over the past few years.

Sales 124
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McKinsey Thinks Bland, Generic Loyalty Programs Are Killing Business – And They May Be Right!

Beyond Philosophy

And, what is the impact of loyalty programs on enterprise profitability? Overall, companies with loyalty programs have grown at about the same rate as companies without them; but there is variance in performance value among industries. Key among these are: Integrate Loyalty Into the Full Experience. Use the Data.

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The complete guide to small business consulting

BirdEye

In such cases, small business consulting services can help businesses streamline their operations, reduce the workload, and improve overall efficiency. In this article, we’ll explore the world of small business consulting and how you can become a successful small business consultant to help business owners get the most out of their business.