RMG Loyalty’s Post

Feeling stuck with low average transaction values? Loyalty programs with tiered rewards can be the key to unlocking higher spending. By providing points or discounts based on purchase amount, you encourage customers to add more to their carts and reach for those coveted rewards. Watch your average order value climb! 📈 ➡️ Discover how our loyalty programs can boost your average transaction value! www.rmgloyalty.ca #rmgloyalty #increasedsales #loyaltyrewards #promotionaloffers #incresedcustomerspending

How effective are card loyalty programs? They are highly effective: -65% of a company’s revenue comes from the repeat business of existing customers. -57% of consumers spend more on brands that they are loyal to. -95% of consumers with retail subscriptions who feel close to brands say they will purchase more products from them, as do 95% of consumers who participate in loyalty programs who feel close to those brands. -84% of consumers say they’re more likely to stick with a brand that offers a loyalty program. -68% of consumers said they’d join a customer loyalty program for brands they like. -More than half of the most loyal customers actively recommend brands to others. #businessgrowth #loyaltyprogram #membership

Why guess what works when it comes to loyalty & retention? With loyalty data from over 100k merchants, you can compare against benchmarks and tailor your strategy based on some of the world's best loyalty programs. Launch a best-in-class loyalty program with Smile.io Ready to chat? Send me a DM! #EcommerceSuccess #CustomerLoyalty #CustomerRetention #LoyaltyPrograms

There are 2 primary groups of people that exist within your orbit: your loyalty customers and everyone else. A bit over-simplified, but still true. The most active loyalty members are called “super users” – they make up ~20% of loyalty customers overall, but generate nearly HALF of total loyalty transactions and revenue. So creating more of those super-users represents a huge opportunity for retailers. But how? There are two key measures that dictate the long-term sustainability of a loyalty program: 1️⃣ retention and 2️⃣ frequency. We break down these metrics and more to understand how more loyalty programs stack up today, and how retailers can fill the gaps. Download the report: https://bit.ly/48sQlIH #loyalty #loyaltyprograms

Todays RevLifter indicator is another stat from our new report - Promotions & Loyalty Schemes: Market Insights and Best Practices. 32% of transactions from new customers include a voucher code. Does that mean one-third of your new customer acquisition is down to vouchers? Or would they have bought without? #eCommerce #vouchers

Set it and forget it. 🔄 Most c**nabis retailers treat their customer loyalty programs like this. And that's understandable when most don't have the staff, knowledge nor time to EVER evaluate their programs after they are set in motion. But then you never know if your loyalty program is working or if you're losing out to competitors. 🤨 If you want to increase visits look at: > Visit frequency trends 👣 > Growth of repeat shoppers 🔁 > Membership growth 📊 If you want to increase spend take a look at: > AOV over time 📈 > Average discount % If you want to increase engagement know your: > Opt-in rates for communications 📩 > Reward redemptions ✅ > Open rates 💌 > Click-Through Rates (CTR) 🖱️ > Unsubscribes ❌ > New customers referred 👥 DM me if you'd like some help with which levers to pull and improve your business. 🆘 #customerloyalty #customerengagement #customerretention

Points-Based Programs: These are classic loyalty programs where customers earn points for each purchase. Accumulated points can be redeemed for discounts, free products, or other rewards. Points-based programs are straightforward and encourage

Your loyalty program is due for a check-up. Platforms get updated Consumer preferences change Your teams have new ideas The team at Vetrina developed a little loyalty download for retailers to take a look at. It includes: - Core KPIs - Checklists - Outlines best practices. Take a peak: https://lnkd.in/g4N7Hwv6

Old way of loyalty relies on points. New loyalty programs create action: - incentivize customers to purchase more with cash back programs - customers pay for access to premium products and services - points are incentives to new purchases (Your points get you 25% off this new item if you buy today) What is something your customers want or would buy more from you to get?

Want to keep your customers coming back? Pointse’s loyalty program makes it easy to engage your patrons with personalized rewards, multi-channel promotions, and real-time tracking. Build stronger relationships and drive repeat business! . . . #CustomerLoyalty #HookahLounge #LoyaltyRewards #Pointse #BusinessGrowth