What is Digital Loyalty Program? How to Implement One?
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admin
Published on:
Jan 26, 2023
5 min
26 Jan, 23
Table of Content
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A study by mobile marketing company CodeBroker reveals that three-quarters of respondents said that they would like to engage with loyalty programs using their smartphones. This stat shows why digital loyalty programs are the need of the hour.
As the name suggests, digital loyalty programs are the digital version of traditional loyalty programs. By using digital loyalty programs, businesses can enable customers to sign up for the programs easily, keep track of their points and rewards, and redeem those conveniently.
This blog post details four effective steps to implement a successful digital loyalty program. If are curious to know how you can implement effective digital reward programs, read on and thank us later.
1. Select the Right Loyalty Platform
When it comes to creating successful and effective digital rewards, it is crucial to choose the right loyalty platform and join hands with a reliable and reputable loyalty solution provider. The right platform will not only help you craft engaging digital rewards but will also monitor your sales as well as your loyalty program’s performance. Before choosing a loyalty platform, make sure it’s easy to use. A user-friendly platform will help your customers navigate through the app and efficiently collect loyalty points. After making sure the app works well, check how easy it is to install and customize. Is setting up the app easy and fast? And does the app provide sophisticated features and robust technical support? After considering all the key factors, check out the price. Quality platform indeed comes at a price but many affordable options in the market provide all top-class features for the best price.2. Choose a System to Provide the Loyalty r\ewards
A loyalty system is a brand’s form of currency through which customers can collect loyalty points and redeem those. Selecting the right customer loyalty system can help you provide loyalty rewards efficiently and effectively. You can choose a product-based loyalty system if you want a simple and flexible loyalty rewards system to set up on your digital platform. It is also the fastest and easiest system compared to all other loyalty systems. You may consider a points-based system, which is the most common reward system used by a majority of brands. If you intend to increase the footfalls in your store and encourage customers to view more of your products and services, you can consider using a visits-based loyalty system. Last but not the least; you can try a cashback-based loyalty system if you want to increase your customers’ cash spending.3. Handpick your Loyalty Rewards
Based on the loyalty system, you can choose multiple loyalty rewards. The loyalty rewards can be a mix of monetary rewards and non-monetary ones. Striking the right balance between financial and experience-based rewards is the key to a successful digital loyalty program. Before selecting the right digital rewards, ask the following questions:- Who are my customers?
- What rewards do they value the most?
- What rewards can fulfill their needs and wants?
- Can customers avail of the rewards easily?
- How many transactions do customers need to make before they get a reward?
- How much discount can you provide?