A loyalty program is an ideal way for you to surprise and delight your customers and to show them that you care. If you are also looking to justify the cost vs. benefit of a loyalty program, check out this infographic below to know more about the top 10 benefits that businesses can derive from their loyalty rewards program.
According to the infographic a loyalty rewards programs drive repeat sales, result in increase in average order value and lower customer acquisition cost. What is more, improve stickiness against competition and reduce discounts to customers. Also, increase conversion rate as well as influence product selection. The infographic also mentions build rich users profiles, increase user generated content and increase social participation and content.
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