According to a report by Accenture, There are currently 2.2 billion loyalty memberships in the US alone. The report also confirmed that 90% of the companies have a some kind of variation of loyalty program.
The reason why brands still utilize loyalty programs to this day is because they know that a retained customer is a more valuable customer. They are easier to sell to than new potential customers because they have already experienced your products and services. Loyalty programs are proven methods for growing and sustaining market share.
If you’re looking for ideas for some great customer loyalty programs for your brand, Rush is here to help. The Rush team put together customer loyalty tips and put them into the following infographic
The infographic is broken down into the following:
- Rewards points
- VIP privilege
- Tiered programs
- Omnichannel programs
- Cashback
- Hybrid
Source – Social Media Today