How to Build Loyalty in the Digital Age in the USA

Going digital provides enormous benefits for businesses in terms of resolving many of the challenges that customers encounter when redeeming their incentives. Let us have a look. Improving Customer Service with Automatio Providing customized programs that customers actually find meaningful.

Customers like to participate in programs that are targeted to their specific needs.

However, this is quite rare. According to Capgemini, only 11 percent of loyalty programs provide tailored benefits. Businesses must focus on providing rewards based on their customers' purchasing habits and preferences. To do this, they must first have a 360-degree perspective of their customer, regardless of the channel of connection. Organizations must be able to follow their customers' journeys across several touchpoints in order to fully grasp what they value. Having an integrated digital communication platform pulls data from all touchpoints and provides businesses with an unobstructed perspective of the client. Once they know their customers this well, it's easy to offer them deals they'll love and appreciate. Creating valuable data that can influence your future moves Running a digital loyalty program allows businesses to produce large amounts of valuable data. They can use this data to determine how frequently customers earn rewards, how long it takes them to redeem the reward, and how they choose to redeem it. Monitoring the program can help organizations identify which rewards are effective and which are not, allowing them to reconsider their awards. This manner, businesses can re-engage under-redeemers with more attractive incentives. Businesses can also track and fix technical glitches that cause customers to drop out. Enhancing the Overall Redemption Experienc Customers may not always find it easy to claim their incentives. They encounter a lot of obstacles, including: Inability to redeem incentives via preferred channels such as WhatsApp for Business, Viber, etc. Poor client experience on mobile or website.

Loss of loyalty points and delays in crediting benefits caused by technological problems in integrating incentives with online accounts.

Long call wait times and transfers to many agents before customers' problems are resolved. Call center agents are unaware of concerns with online channels due to a lack of integration. A well-thought-out digital rewards program allows businesses to avoid these pain spots while also making redemption a simple process. They can use loyalty programs as a great marketing tool for cross-selling and up-selling operations, as well as to create a distinct brand experience. There are companies who invest in digitalizing their loyalty programs but do not achieve the desired results. To make these programs work for your business, we recommend the following: Ensure Rewards Can Be Redeemed Across Channels.Users expect rewards to be redeemable across several channels when interacting with firms. However, according to a Capgemini analysis, only 9% of loyalty programs provide redemption across all channels. Customers experience difficulty when there is no option to redeem a reward online, and many choose not to redeem at all, abandoning the program. Again, clients may fail to redeem since it was marketed on a single channel and they did not discover it. To ensure the program's success, corporations should promote it through several channels and make it easy for customers to redeem them on any channel. They must successfully communicate all reward-related information to clients while also encouraging them to redeem more frequently. Digital technology assists them in accomplishing this goal.

However, they must invest in technological platforms that are seamlessly connected with internal systems such as e-commerce, ERP, and POS.

The platform must be able to handle cross-channel award redemption. This will enable them provide an exponentially better redemption experience to their clients. Do not reward customers only for transactions.Almost 90% of companies reward clients only after they make a purchase. However, those who have successfully run loyalty programs understand that in order to connect with their customers, they must look beyond transactions and incentivize customers for any type of engagement, such as writing a positive review, taking a survey, participating in a campaign, or referring the program to a friend. They want to convey to their customers that they value their time and contributions and want to express their gratitude by offering them an exclusive bargain. This is what fosters genuine trust and loyalty, not transactional points and prizes. Use Social Media to Understand What Your Customers ValueSocial media is crucial for a loyalty program's effectiveness, which is often overlooked by firms. Social media may be an excellent platform for promoting prizes and offers. Companies can increase engagement by asking individuals to participate in a survey. They can also use social listening techniques to determine what types of rewards will entice clients most. Social media can also be used as a forum for businesses to respond to their customers' loyalty-related questions and learn from these interactions.