What are reward programs? T

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It’s no secret that this year has been a trying time for businesses big and small, but it’s estimated that  of small businesses expect to suffer long-term as a direct result of the pandemic. As economies around the world begin to slow down, with many already entering a recession, now could be the perfect time to safe-guard your business by introducing a reward program. urning one-off customers into brand loyalists is no easy feat, but reward programs help incentivize customers to stick with you.


They’re a clever marketing strategy that rewards loyal customers Indonesia Phone Numbers 175 Million List that frequently engage with a brand. Reward programs work by rewarding recurring consumers, predominantly through financial incentives – such as money off future purchases. In fact,  of people say they are motived to join loyalty programs for customers if there are financial incentives. There are different types of reward programs you could consider for your business. Points based programs





The points system is perhaps the most widely used in that it’s simple to understand. Focusing on the principle that the more your spend, the more points you get in return. By rewarding customers with redeemable points, you can increase your customer’s average transaction value. This constant reward based system means they are less likely to switch to a competitor for fear of losing their points. Tier based programs The tier system focuses on levels of loyalty, i.e. the more loyal your customers are to the brand, the greater the rewards they’ll receive.