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The Customer Loyalty Podcast
Loyaly
5 episodes
3 days ago
Discover the best content about customer loyalty, retention and engagement.
Show more...
Marketing
Business
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All content for The Customer Loyalty Podcast is the property of Loyaly and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.
Discover the best content about customer loyalty, retention and engagement.
Show more...
Marketing
Business
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Why your loyalty program is failing and how to fix it?
The Customer Loyalty Podcast
17 minutes 40 seconds
3 years ago
Why your loyalty program is failing and how to fix it?

A loyalty program is supposed to be the cure for the ailment that plagues many businesses: customer churn. By giving out incentives and rewards to your customers, you increase purchase frequency and average order value per customer. According to a study by Markinblog, the probability of selling to an existing customer is 60-70%, while the probability of selling to a new prospect is only 5% to 20%.

The loyalty programs statistics sounds great, right? yes, but the truth extends further than that. Your loyalty program is underperforming and becoming a financial burden.

Before you lay the blame on marketing over-hype campaigns of loyalty systems or how the loyalty gods are dooming you for eternity, there's a good chance it's your fault.

If you're looking for ways to improve the return of investment of your loyalty program, then you're in the right place. We will take a deep dive into what may be preventing you from reaping the benefits of your loyalty program, and how to fix it before it's too late.

The Customer Loyalty Podcast
Discover the best content about customer loyalty, retention and engagement.