Functionality : Advanced segmentation
Overview
Loyalty allows you to collect basket details, act on them and suggest additional items, incentivizing members to take additional actions.
Challenges
Consumers are scrutinizing where and how much they spend.
- Inflation
- Rising acquisition costs
- Shrinking margins
Expected outcomes
Loyalty members spend up to 60% more per transaction.
- More relevant promotions
- Higher spend per order
- Increased CLTV
Overview
With the boom in retail media, advertisers are demanding more. A loyalty program adds compliant zero-party data for improved audience analysis, segmentation, ad targeting and a personalized customer experience. Offering advertisers multi-channel access to your loyalty program members expands your retail media inventory.
Challenges
Building a retail media channel is a challenging and expensive proposition that requires extensive customer data, accessible inventory and attribution to sales.
- Limited to transaction and first-party data
- Ad inventory is primarily online
- Hard to measure performance
Expected outcomes
Leverage a strong loyalty program to build a relationship with customers and deliver personalized experiences.
- Collect consensual zero-party data
- Loyalty data powers advanced segmentation and personalization
- Offer ad inventory in email, text and social channels
Capabilities to use
Progressive profiling Advanced segmentation Surveys, quizzes, contests Reporting Social loyaltyOverview
Build personal and profitable customer relationships that drive growth.
Challenges
80% of B2B buying decisions are based on experience, only 20% on price and product.
- Lack customer data and relationship
- Buyers want a seamless experience across channels
- Most B2B tech stacks are outdated and disjointed
Expected outcomes
Build meaningful customer relationships that create lasting bonds.
- 59% of loyalty members actively make repeat purchases
- B2B loyalty members spend 13% more than non-participants
- B2B customer retention is 27% higher among companies with a loyalty program
Capabilities to use
Progressive profiling Advanced segmentation Integrations Incentive engine GamificationOverview
Increase customer retention by protecting and focusing on the customers that deliver the lion’s share of your revenue.
Challenges
B2C companies lose 60% of their customers annually.
- Without a loyalty program, only 20% of first-time customers will make a second purchase
- It’s 16X more expensive to bring a new customer up to the same level of an existing loyal customer
Expected outcomes
Proactively retain high-value members and re-engage inactive members.
- Increasing customer retention by 5% can increase profits up to 75%
- Existing customers buy 90% more frequently, spend 60% more per transaction and bring in 23% more total revenue
Overview
[/cm_tooltip_parse]
Tap the power of your merchandising team, improve promotions and trade dollars, and create media revenue based on customer behaviors.
Challenges
[cm_tooltip_parse]
Tight margins make it critical to stock and promote the right mix of products.
- Matching stock levels to preferences
- Identifying most profitable opportunities
- Meeting customers’ expectations
Expected outcomes
Loyalty data can inform promotions, pricing, new product development—even store layout.
- Improved stocking levels
- More informed, impactful promotions
- Better margins
Overview
Consumers have had seismic shifts in their needs and behaviors, yet most industries are built for mass marketing. Use loyalty to serve up personalized experiences at every touchpoint. Execute relevant communications, promotions, rewards and offers.
Challenges
Consumers don’t just expect personalization, they demand it.
- Major gap in ability and expectations
- Difficult to execute
- Siloed data
Expected outcomes
Companies that grow faster drive 40% more revenue from personalization (McKinsey & Company).
- Improve customer experience
- Increase revenue
- Improve marketing efficiency