Home    Subscribe    Write for Us    FAQ    Contact    HubGarden    Login

Customer Loyalty Programs Ideas

by archi (follow)
http:/ www.weekendnotes.com/profile/258238/
Business (92)      Marketing (58)      Promotion (23)      Business plan (19)      Strategy (17)      Planning (11)      Business Concept (7)      Business tips (7)      Public Relations (6)     
One unwritten rule that is practiced by serious businesses is that of maintaining their loyal customers. A business that has an unwavering client base can predict its sales and plan accordingly. The loyal customers are a significant asset to the business as they play a role in advertising the business by the word of mouth, saving the company advertisement costs.


Benefits of Customer Loyalty

Benefits of customer loyalty programs are very many. The first benefit is that a loyal customer is predictable. By being predictable, we mean that the business man knows that a satisfied customer will purchase a certain product at a certain time at a certain quantity. Another benefit of customer loyalty is that they act as the salespersons of the business. They do this by referring their friends to a particular enterprise. They will even discourage their friends from buying a different brand from the one sold by their preferred trader. In this manner, they act as ambassadors/indirect salespersons for a given brand/enterprise.


End of Year Events

A company can use end year of events to promote itself or its products. It can even use end of year events to launch new products into the market. Some of these end year events include taking part in an activity that can be seen as beneficial to the community. The community can interpret this to be a form of corporate social responsibility. During such an event, a company’s branded items may be used. Such branded items may include t-shirts. Another end year event that a company may participate in may include sponsoring an event or a competition. Such an event or completion may include sponsoring a local soccer tournament. A company’s branded items may be used in the event.


Customer Rewards Program Ideas

There are very many customer rewards program ideas. Some of these ideas include the use of rebates. Rebates just mean giving a client some points after he makes purchases from a given store. The points are used to buy a company's items. It, therefore, means that the points earned can only be used in or exchanged in a given store. Another customer reward program idea entails designing a rewards program that is competitive in nature. Clients purchase items, and their names are entered into a draw. After a certain period, a draw is conducted, and the winner determined. Many loyal customers will do a lot of purchases anticipating to get the rewards.


Establishing Customer Loyalty Program Ideas

Developing customer loyalty program ideas is not a walk in the park. It is a sector that requires meticulous planning. The company must benefit from the program ideas. Good customer loyalty program ideas are those that will increase the sales of a company. They act as advertising tools for the company. In establishing customer loyalty ideas, the planners must ensure that they retain the old clients and get new ones. The program chosen should not cripple the company.


A good business is one that can retain its loyal customer as it seeks to get new customers. Many methods can be used to achieve this objective. However, in the process of maintaining old clients and getting new ones, care must be taken so that the business' profits are not tampered with.

#Business plan
#Business Concept
#Public Relations
#Business tips
I like this Article - 1
[ print friendly ]
More Articles by archi
One way in which a company can increase its profits is by offering great customer service
Someone who is interested in pursuing a career in the hospitality industry has a lot of job option...
1 like
Relocating a business can be a Herculean task
1 like
You can improve your job outlook and opportunity for advancement by investing in your own develo...
The rise in GST rate in Australia to is expected to increase the costs of goods and services by a h...
1 like
Business owners today are constantly struggling with trying to keep up with the never-ending deman...
1 like
view all articles by archi
Articles by archi on Other Hubs
Finding a that suits your skills and interest appears difficult and overwhelming
There are many forms of garage organization that don't involve parking a car or storing a lawnmower...
1 like
ID: 34428
[ Submit a Comment ]
Trending Articles
Corporate event planning can seem overwhelming, and it may seem like it requires all of your eff...
Offices, especially shared ones, are among the most germ-friendly places
Keeping your office organized is not an easy task, but it is a crucial one if you are ever to re...
Although today the entire business world is migrating online, real-world small businesses still repr...
When starting a business, it is hard to gain exposure, which is essential to make money
Having a blog is great
1 like
There is a new “buzz” in the air – having a business that costs next to nothing to set up, working m...
Rina Chia is the %%'Business Boss'%% behind Take 2 Markets, an innovative concept giving ladies the ...
Whether your business website sells a product or service or is simply an online space which explains...
Unless you have been hiding under a rock, you have no doubt heard people talk about "Social Media"
Trending on Other Hubs
This paper succulent is a great craft to put up for Mother's Day
Another awesome tutorial from my Creative Team member Beverly Supplies Needed Font of choi...
Supplies Needed Font of choice – I used Burton’s Nightmare which can be found here htt...
Copyright 2012,2013,2014,2015,2016 On Topic Media PTY LTD. ABN 18113479226. mobile version