During a recession or an economic downturn, both large and small businesses see a plunge in sales leading to slow business growth and low profits. In many cases, businesses have declared bankruptcy as well. The impact of an economic downturn varies from one business to another. However, depending on the nature and scale of the …
How to Improve Loyalty Program During Economic Downturn Read More »
In 2024, developing successful bank loyalty programs will be essential for banks and companies alike. A variety of advantages are provided by loyalty programs, such as improved customer happiness, higher consumer involvement, an industry competitive advantage, and customized offers.
Customers’ purchase decisions can be triggered by emotions, therefore, businesses must craft experiences that can invoke positive emotions to earn customer loyalty. There is no better masterstroke to earn lifetime loyalty from your customers than remembering and celebrating their birthdays. It is the most personalized way to build an emotional connection with your customers. So, …
5 Ways to Make Customers Feel Special with Birthday Loyalty Surprises Read More »
Loyalty programs have become a useful tool in today’s cutthroat corporate environment for boosting client engagement and fostering loyalty. Nevertheless, these initiatives can have a significant negative financial impact on businesses, showing up on the balance sheet as a “loyalty program liability“. An organization’s capacity to maintain its financial stability depends on its ability to …
Essential Tips to Manage Loyalty Program Liability Read More »
In today’s competitive world, loyalty programs are the proven marketing strategy for customer loyalty, customer retention, and growth of B2B businesses. It can be challenging for B2B companies to manage their loyalty programs effectively at times. Do you know that 55% of consumers enrolled in customer loyalty programs use them infrequently? The reasons are ineffective …
Point Breakage in Loyalty Programs: Why You Should Be Concerned Read More »
Learn how to measure customer retention through loyalty programs with expert insights from LoyaltyXpert and boost your customer loyalty.
LoyaltyXpert’s reward platform can offer brands tailored loyalty program solutions.
Learn how to measure customer retention through loyalty programs with expert insights from LoyaltyXpert and boost your customer loyalty.
Global Growth with Multi-Country Loyalty Programs
