Five Things Customers Love About a Rewards Program Platform
Customers stick with a brand that not only gives a great discount but knows them for who they are. If a customer liked the seamless POS checkout the last time, they would love it when they receive more technology driven shopping options the next time. Brands who recognize what drives a particular customer in three instances must spend on establishing a rewards program platform which can use this data to design highly personalized loyalty programs.
This post will discuss the five major drivers that drive Australian customers toward brand loyalty. Let’s get started.
AI-Powered Personalization
Imagine a customer getting the most relevant rewards for completing certain tasks on an app and then wondering how this business understood them so well. This is the magic AI spreads through its data-driven algorithms. AI-driven loyalty platforms are capable of real-time data analytics of customer behaviors and preferences. Besides, they are capable of offering a personalized loyalty rewards marketplace with merchants whom a customer finds the most relevant ones.
How’s that kind of personalization even possible?
For example, a customer mostly purchases fitness products from a brand. They would be delighted when they get discounts, coupons, deals, and exclusive access to sales involving such products. A brand can achieve such a level of personalization by gathering, analyzing and interpreting customer purchase history and preferences.
Instant Gratification
Customers don’t want to wait to experience the loyalty benefits. Gone are the days of customers wanting to accumulate points and redeem air miles. A large pie of customers wants to experience the loyalty benefits instantly. A lot of businesses have incorporated such options at checkouts through wallets, scratch cards cryptocurrencies.
For example, a customer is provided an option to redeem the points at checkout during an online purchase takes away a part of payment, giving customer an instant reward for shopping with them.
Sustainability Rewards
Customers are getting environmental-friendly day by day. It’s not that they have developed this arc recently. It's just now brands give them more avenues to consider sustainability in their shopping behavior. Today an EV car rental company not only gives them to ride eco-friendly but also green miles point on each ride. That’s how they know they are getting rewarded for choosing eco-friendly riding options.
Gamification & Social Engagement
Loyalty is not only about points and discounts. Consumers love a bit of challenge, competition, and the excitement of unlocking special rewards. That's where gamification comes in. Spin-the-wheel discounts, tier-based achievements, and referral challenges keep customers engaged while making the experience fun.
For example, a cosmetics company can establish a leaderboard in which high-spending customers receive VIP privileges to launch products. Besides reaping their rewards, customers also enjoy a feeling of pride. Sharing badges in real-time or awarding rewards for consumption enhances the value of experience and brings them back again and again.
Cross-Channel Accessibility
Customers do not shop through one channel. They hop across applications, websites, and stores. A good rewards program ensures that points, offers, and rewards remain with the customers wherever they are. Be it scanning a QR code in the store, shopping online, or engaging on social media, loyalty benefits must be accessible.
For instance, a coffee shop offering mobile order-ahead rewards, regardless of how the customer redeems points-for example, on the app or from an in-store kiosk-the entire experience is streamlined. The simpler it is to do so, the more apt they are to be loyal.
A good rewards program is not about giving points but something that makes people feel valued in each step of the process. AI-driven personalization, instant gratification, sustainability rewards, gamification, and omnichannel access are what keep customers engaged today. Brands that get this right don't just retain customers; they turn them into loyal advocates.
Before we wrap this up, it is equally important to know how to build a highly engaging loyalty rewards marketplace.
Here’s an exclusive scoop.
An engaging loyalty rewards marketplace is the one that offers products, deals, discounts, and merchants that customers relate with. If you are featuring all the merchants that are just for the namesake, you might totally miss the engagement part. Customers might lose complete interest in the reward points system if they don’t have relevant avenues for redeeming those points.
For example, a customer would not care to pay any heed to what reward programs platform if every time he is offered:
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Random products he never used
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Brands with little to no reputation
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Offers that involve further actions
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Terms and conditions that looks shady
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A hard to navigate redemption process
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A complex loyalty platform
To avoid all these instances, you must partner with an intuitive loyalty management platform like Novus loyalty which considers all above-discussed things in consideration and presents a loyalty rewards marketplace that is interesting, easy-to-navigate, and highly value-adding. Given the fact that Australian market is highly volatile, investing in a relevant loyalty program is a great way to retain customers and acquire new ones.