Card Connected Loyalty Programs
6
reasons why loyalty providers should consider
structuring
their programs
to
connect with customer’s credit or debit cards
1. Increased
POS compatibility
– Card-linked
programs do not require expensive upgrades, in-store training, &
can achieve broad customer adoption.
- Expanded
reach
– With
a traditional, non-card-linked loyalty program, the merchant is only targeting
customers that are already coming in the door. With card-linked offers
merchants can complement these programs to find new customers and convert them
to loyal ones.
– Customers
are targeted based on previous purchase history, merchants also know they are
acquiring the right customers. As a result, we find that many merchants
opt to run a crad-linked offers campaign in tandem with their existing loyalty
programs.
– To
put dollars in marketing that isn’t about the «one and done» discount, but
rather is about attaining new customers and turning them into loyal ones.
- Improved
analytics
– Merchants
can better
understand customers through transaction histories.
– The
data & trend analysis can be used to build smarter marketing
programs designed to drive incremental sales.
- 360degree
views of consumer behavior
– Across
the entire wallet of spending. Consumers’ purchase behavior captures 360
degrees of activity, not just purchases in a single store or category,
but all activity of the consumer.
– Understanding
a customer’s loyalty demands knowing where they spend and when they’re
not buying from you.
- Simplicity
for consumers and merchants
– Consumers
are using the very thing that is already in their wallet, so it’s
fast, simple & easy for them
- Leveraged
brand affinity
– Enable
merchants to leverage the brand affinity of large, established loyalty programs.
– To
attract new customers and boost card spend from existing customers. Card-linked
loyalty programs help merchants tap into the marketing muscle of major loyalty
programs, thus to cover customer databeses to promote shopping in many
channels.
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