Types of Loyalty Programs for Businesses

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Types of Loyalty programs for Great

Loyalty Program

● Loyaltyprogramisamarketingstrategyforretainingmostvaluablecustomers closertothebrandwithspecialoffers.

● Loyaltyprogramshelptocreategreatcustomerexperiences.

● Agoodloyaltyprogrammustbestructuredwithbestoftechnology,gaming, entertainmentandcost-efficientfactors.

TieredLoyaltyProgram 02 EarnandBurnProgram 01 PerksLoyaltyProgram 03 GamiﬁedLoyaltyProgram 04 LoyaltyCommunities 05

Loyalty Program Types

PaidLoyaltyProgram 07 CoalitionLoyaltyProgram 06 LifestyleLoyaltyProgram 08 Inﬂuencer/ReferralLoyaltyProgram 09 HybridLoyaltyProgram 10

Loyalty Program Types

Earn and Burn Program

TheEarnandBurnLoyaltyProgramencouragescustomersto purchaseproductsinordertograbnewrewardsandreach milestones.

Tiered Loyalty Program

TieredLoyaltyPrograminspirescustomerstogainmorerewards astheymoveuptheloyaltyladder.

Perks Loyalty Program

PerksLoyaltyProgramprovidesunconditionalrewardstoevery customerssothattheywillmakefrequentpurchases.

Gamiﬁed Loyalty Program

GamiﬁedLoyaltyProgramintegratesseveralfunactivitiesin ordertoencouragetheinteractionofcustomerstothebrand.

Loyalty Communities

LoyaltyCommunitiesareformedbasedonsomevaluesor intereststhathelpstobuildandstrengthenrobustcustomer relationships.

Coalition Loyalty Program

CoalitionLoyaltyProgramissuitableforshoppingmallsand commercialcentreswherevariousbrandsarebrought togetherforgivingincentivestotheircustomers.

Paid Loyalty Program

PaidLoyaltyProgramprovidespremiumrewardsandbeneﬁtsto theircustomersbypayingarecurringfee.

Lifestyle Loyalty Program

LifestyleLoyaltyProgramtriestounderstandtheinterestsand aspirationsofcustomersinordertoconnectthemwithyour brand.

Inﬂuencer Loyalty Program

Inﬂuencer/ReferralLoyaltyProgramtriestoattractmore customersthroughreferralsandrecommendationsfromcredible sources.

Hybrid Loyalty Program

HybridLoyaltyProgramprovidesbestexperiencestocustomers byintegratingmultipleprograms.

Culmination

Loyaltyprogramsareanexcellentway forcompaniestogrowtheircustomer baseandgetvaluableinsightsonthe needsoftheircustomers.Itisagreat wayforcompaniestomaketheir customersfeelappreciatedandkeep themcomingback.Loyaltyprograms offerrewards,discounts,orother specialincentivestocustomersfor attractingthemtowardsthebrand.

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Types of Loyalty Programs for Businesses

Published on Mar 29, 2023

Retyn

Customers are one of the most important factors for a company’s success. It is too difficult to attract and keep customers in the business. Loyalty programs are one of the great ways for businesses to retain customers. They give incentives such as discounts or points, which are added bonuses for the customer. Loyalty programs provide great experiences to their customers that make your customers feel appreciated. These loyalty programs are designed according to the objectives of the business. The current presentation describes various types of loyalty programs for attracting and retaining loyal customers. These loyalty programs provide several rewards to the customers for retaining them in the business.