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Top 6 Loyalty Trends for 2021

Currency Alliance

2021 will be another year in the long-term journey to become customer-centric, balance the economics of loyalty programs to deliver more value to customers, and ensure the right systems are in place to reduce dependencies on the IT department or vendors. Rebalancing loyalty program economics.

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Customer Acquisition Cost (CAC): Everything You Need to Know

SmartKarrot

And you are soon to see a greater return on investments (ROI). Travel: $7 Telecom: $315 Retail: $10 Manufacturing: $83 Transportation: $98 Financial: $175. Hence, building a loyalty program or deploying a customer reward system will enable your customers to participate in and lessen CAC. Basic CAC Formula.

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How & why to restart your Voice of Customer program

Thematic

With VOC programs, organizations are able to make highly-informed strategic decisions that contribute to a positive return on investment and ultimately an improved customer experience. In the long term, a VOC program can also reduce your internal costs by improving your organizational processes. Improved decision making.