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Loyalty Program
In today's competitive market, businesses are constantly seeking innovative ways to enhance customer loyalty and engagement. One of the most effective strategies that have emerged is gamification in loyalty programs. By integrating game-like elements into loyalty initiatives, brands can create more engaging experiences that not only attract customers but also foster long-term loyalty.
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Loyalty Program
Businesses are spending vast sums in marketing to acquire new customers trying to replace their lost customers. But research shows that they might be better served by designing strategies to bring back your lost customers.
The chances of selling to an existing customer is 60 – 70%, while the chances of success for selling to a new prospect is 5-20%. Existing customers are 50% more likely to try new products and spend 31% more, when compared to new customers.
So, how are you re-engaging with your past customers? Or even, do you have a track of who had been your past customers?
Read More
Loyalty Program
Businesses are spending vast sums in marketing to acquire new customers trying to replace their lost customers. But research shows that they might be better served by designing strategies to bring back your lost customers.
The chances of selling to an existing customer is 60 – 70%, while the chances of success for selling to a new prospect is 5-20%. Existing customers are 50% more likely to try new products and spend 31% more, when compared to new customers.
So, how are you re-engaging with your past customers? Or even, do you have a track of who had been your past customers?
Read More