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Loyalty trends and best practices

The Wise Marketer Sponsor Spotlight: Allison Cripps Ferguson

by Allison Cripps Ferguson
August 03, 2017
The Wise Marketer Sponsor Spotlight: Allison Cripps Ferguson

For this month’s sponsor spotlight, we talk with Merkle Loyalty Solutions Senior Strategist Allison Cripps Ferguson about the Great Loyalty Reset: the need for retail and consumer packaged goods (CPG) loyalty programs to become more effective, meaningful, and relevant to today’s shoppers in the face of profound and irrevocable changes in the shopping experience. The solution: deliver “connected loyalty” – a deep understanding of today’s consumers through the orchestration of strategy and technology to connect all customer capabilities within the organization and across every touchpoint. Q. Tell us a little about your background in loyalty marketing and about Merkle Loyalty Solutions. Ferguson: I’ve been a loyalty practitioner on both the client side and consulting side for 20 years. Today, I primarily help clients in the retail, hospitality, and financial services industries with loyalty program strategy... Read more

[Webinar] Retention and Loyalty. The End Is Only the Beginning.

by Julia Leyrer
March 20, 2017
[Webinar] Retention and Loyalty. The End Is Only the Beginning.

Join Merkle to understand how to better leverage digital tactics through addressable marketing and owned media experiences for cross-sell, upsell and retention. We will help you identify your target audience for retention messaging and how can you drill into channels and influencers. Retention is much more than loyalty programs, learn how you can upsell your offerings. Learn the importance of retention and understand how you can... Read more

Loyalty Marketing 2.0: The Search for Effective, Relevant, and Engaging Loyalty

by Zach Woith
May 19, 2016
Loyalty Marketing 2.0: The Search for Effective, Relevant, and Engaging Loyalty

Originally posted on The Huffington Post: To keep customers coming back, many companies have implemented customer loyalty programs based on transactions with promotions and discounts, and others have instituted programs based only on gamification and engagement. Although both structures have seen success in the past, they have been predicated and built on a brand-led choice, rather than from the customer perspective. Loyalty design was assumed to be a brand’s choice, and success was independent of that design. Today, a number of new programs have appeared with a clear idea of a customer-centric loyalty approach; one that combines customer excitement with a use of relevant transactional opportunities. This discovery of the right program structure has over time become based upon an understanding of relevancy to the customers and financial sense to the brand. In this article, I cover the... Read more

Loyalty Experience and Design for Globalized Brands

by Arif Damji
February 22, 2016
Loyalty Experience and Design for Globalized Brands

In today’s world of globalized brands and the aspirational 360 degree of customers, the question arises around how uniform a customer’s loyalty experience should be across countries. Undoubtedly, years ago when many large established globalized and brands moved into Europe and Asia, they wanted to create a differentiated image tailored to these geographies to help penetrate into those regions. However, as their presence expanded their loyalty footprint has become equally regional with a differentiated program in each market. Recent trends of mobility across geographies, transparency of eCommerce and a desire for a globalized brand image has helped to flag the need for a global customer experience for brands, inclusive of course of a consistent loyalty experience... Read more

The Future of Loyalty In 2016

by Julia Leyrer
January 18, 2016
The Future of Loyalty In 2016

As we exit 2015 and reflect on the ways in which the loyalty market is continually evolving, we have compiled a list of seven main areas where we see loyalty going in 2016: 1. “Omni-channel” will become an outdated term. “Omni-channel” has been a buzzword in recent years, and with good reason. Consumers own an average of 3.4 devices, and brands have been able to set themselves apart by recognizing and interacting with their customers across all channels cohesively, rather than individual channels. It is already expected among customers now, and 53% cite it as important to them. If brands are still not keeping up with the omni-channel trend, they will be overshadowed by those who are. 2. Also becoming outdated... Read more

Single Objective vs. Multi-Objective Loyalty Programs

by Julia Leyrer
November 20, 2015
Single Objective vs. Multi-Objective Loyalty Programs

When it comes to providing initiatives to existing and prospective customers with objectives such as increasing customer retention and acquisition, there are two main approaches that are taken with promotions: single objective and multi-objective approaches. Although each provide a valued initiative to influence a certain customer action, they differ in how customers engage over time and how they’re structured within the business. Below, I address the differences between the two, and when to know which approach to take. Single objective. As it sounds, single objective approaches are loyalty initiatives that are created around a single objective in mind. This may be retention of at-risk customers through rebates, referrals of new customers with gift certificates, or the addition of benefits to increase overall customer satisfaction. This is commonly seen in the television network industry where... Read more

5 Pointers for Retailers during this Black Friday & Cyber Monday

by Arif Damji
November 13, 2015
5 Pointers for Retailers during this Black Friday & Cyber Monday

The largest consumer shopping time of the year is upon us and as many retailers are preparing, we've come up with 5 pointers for how to use your loyalty program to make the most of this Black Friday and Cyber Monday: 1. Layer special offers for your loyalty members. Black Friday and Cyber Monday promotions are normally sitewide or store-wide, aimed at your entire customer base. However, think about this from a member’s perspective--they joined for additional benefits and rewards. Consider providing members with points multipliers, exclusive sale items, or additional discounts (though be careful of margin implications). Also, remember that if you are worried about managing liability with the program, additional offers don’t have to be published or aimed at the entire member base. 2. Target your lapsed members. Members who haven’t made a purchase in a significant amount of time are pe... Read more

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