Hemanth Kumar
Bio
I am Hemanth Kumar, my proffetional is Digital marketing and today i am here to share my thoughts and Ideas and our webite is https://loylt.works/
Stories (4)
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Loyalty programs during crises
Companies employ customer loyalty programs as incentives to entice customers to visit their physical location or internet again. You can design customer loyalty programs to reward your present customers rather than trying to win over new ones. However, if new customers learn about your programme, they might be curious to investigate your brand as well. Seeing if your firm can implement one of these programmes will help you establish a stronger clientele, regardless of whether you operate as a salesperson, marketing expert, or in any other business development capacity.
By Hemanth Kumar3 years ago in Journal
Benefits of Loyalty Programs
Reduce in Discounts: One of the simplest ways to draw in new clients is by offering discounts. Discounts, however, reduce the profit margins and do not ensure that these clients would make additional purchases. On the other hand, giving out loyalty points makes it more likely that the consumer will make their next purchase. Thus, loyalty points serve as a hook for two purchases: the one being made right now and the one that will come after. Moreover, points come at fraction of the cost of discount certificates because they can be exchanged for things that have high perceived value and low cost.
By Hemanth Kumar3 years ago in Journal
Best Measurement Parameters for Your Loyalty Program
Here Below I am sharing the key metrics to measure a successful loyalty program Rate of Enrollment Rate of activation and engagement Rate of repeat purchases % of Sales from Returning Customers Spending Patterns Per Member Diminished Discount Cost Lifetime Value Net Promoter Rating
By Hemanth Kumar3 years ago in Journal
How to Use Social Media to Enhance Customer Loyalty
A loyalty program is an excellent method to keep current customers happy and boost sales, but without promotion, membership and engagement may decline. Social media can be the ideal auxiliary venue for such an effort in this situation.
By Hemanth Kumar4 years ago in Journal
