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Precision loyalty: data-led investment yields greater ROI

Currency Alliance

I propose there is a direct correlation between this miss and customer understanding. If some of that 95 cents were better invested in data insights that reveal shopper behaviors both within and outside a particular brand, the balance of the spending could produce more effective engagement strategies. The redemption experience.

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ROI of Customer Experience can be measured: Build your case for ROX

delighted

ROX is the new customer experience ROI. Let’s get right into it — how customers perceive your brand can influence the success of your business more than ever before. Expected Customer Experience (CX) impact on loyalty. Building your own CX ROI model. How easy it is to launch a CX program.

ROI 40
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Loyalty: On the Cusp of Major R(E)volution

Currency Alliance

That is good news for everyone because for merchants ´opening-up´ their loyalty ecosystem, they stand to double or triple the customers participating – with only a linear increase in cost. Stated a different way, ROI from loyalty marketing investments could grow exponentially with a few tweaks that put the customer´s interests first.

Loyalty 52
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10 Inspiring B2B Loyalty Program Examples from Successful Companies

SmartKarrot

It also helps them build data-driven direct communications strategies that help yield higher ROI. One way to address the challenge is by offering rewards. Rewarding prospects in the form of free product trials makes it easier to sell it to them. Gain actionable insights to enhance business strategies. Challenges.

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Innovators break the mould, at the 2020 Loyalty Magazine Awards

Currency Alliance

In any case, I think the vast majority of practitioners will be as excited as I am, to think what this wave of innovation means for consumers: more brands finding cleverer, more meaningful ways to create compelling customer value. So the initiative offers meaningful utility to many customers. A disloyal generation? Online-to-offline.

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Loyalty Strategy 2019: How to Win in the Next Decade

Currency Alliance

The most important priorities are: Align with corporate goals: update loyalty program design to support current business objectives. Customer data: maximize ROI. Partners: optimize the mix to appeal to a broader array of customers. Emotional loyalty: add incentives along many touchpoints in customer journeys.

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Supermarkets: How to Build a Winning Loyalty Program

Currency Alliance

Broadly speaking, most of the chains’ loyalty efforts have been in proprietary, albeit digitalized versions of the original S&H program: collecting in order to redeem for rewards, some digital couponing, and pushing out offers via a mobile app. That’s a powerful emotional driver which could create real stickiness.