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Innovators break the mould, at the 2020 Loyalty Magazine Awards

Currency Alliance

For most of the last decade, loyalty marketing seemed to be on autopilot for many brands – but the tide is turning. Many of the entrants to this years’ Loyalty Magazine Awards were as adept with data and technology as marketers in many other disciplines. Hybrid points programs.

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Empowering Retail Staff: Training for Exceptional Customer Service

CSM Magazine

Key training areas include: Understanding CRM Tools : Navigating and extracting relevant customer insights and data. Feedback Collection : Using CRM to gather and act on customer feedback. Loyalty Programs : Engaging customers with rewards, exclusive offers, and personalized deals.

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Loyalty Strategy 2020: Step Changes to a Collaborative Future

Currency Alliance

But there remain some fundamental things that loyalty programs need to achieve to weather the looming storm that open banking, mobile payments, aggregation models, and other marketplace dynamics will bring. More customers will want to earn more loyalty currencies – which is potentially fantastic for all brands.

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Loyalty Strategy 2019: How to Win in the Next Decade

Currency Alliance

Having benchmarked and talked to hundreds of loyalty programs in the past few months, what we think program leaders ought to be doing during the next 3-6 months is preparing a plan to realign their loyalty program design with the broader business strategy and core value propositions. Customer data: maximize ROI.

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How Retailers Can Adapt to Ensure They’re Delivering Superior Customer Experiences in an Economic Downturn

CSM Magazine

After having an amazing customer experience, 88 percent are likely to make a repeat purchase, 82 percent are likely to recommend to friends or family, 68 percent are likely to join a loyalty program, and 63 percent said they are likely to write a positive review.

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The Loyalty Debate, in Association with Loyalty Magazine

Currency Alliance

These, and other important questions, were subject of a debate held recently at the Visa Innovation Center in London, and Convened by Annich McIntosh of Loyalty Magazine. Loyalty Coalitions are Morphing into Marketplaces. What’s the Role of Points in Modern Loyalty Marketing? How to Earn Loyalty Through Payments.

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Loyalty Coalitions V3.0: greater benefits for consumers and brands

Currency Alliance

But the model generally leaves too little for the program to finance worthwhile rewards for all but the most frequent customers. Virgin Red – highly commended at this year’s Loyalty Magazine Awards[ix]- could have cost around $0.6m[x], This is a big part of why Plenti failed. Unfulfilled promises. Trust issues.

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