IIND
The hardware store
MyDIY..ie does this welthis well. They ocl. They occasional casionally ofly offer double and triple points on certain pr ducts to entice customers to buy. y. To get the most from this loyalty good idea not to
The hardware store MyDIYie does fer
double and triple p products to entice cu
promotion,
points on certain ustomers to buy
promotion, it’s a go make it it’s
it’s a rarity tha
o get the most from this loyalty it’s
make it too comm all,all,
too commonplace. After rarity that
perceived value of an o ffering. another opportunity
ff
ood idea not to monplace. After at incr increases the
perceived value of an offering. If customers know they will have another opportunity in a few weeks’ y in a few weeks’ time, they are far less likely to rush o the checkout. Keep to two-to-three time them enough regu customers to look fo
eases the If
time, they are far le ss likely to rush to the checkout. Keeping these offers to two-to-three times per year give them enough regularity for your customers to look forwar but not so commonp
ping these offers es per year give ularity for your to them,
but not so commonplace that it isn’t an exciting event!
orward to them, place that it isn’t
PersonalPersonalisation is onisation is one of the biggest buzzwords in online retail. Today, it’s routine for merchants to provide a llistist of suggested products based on what customers have already viewed. Or otherwiviewed. Or otherwise to link them to items they have viewed multiple times. In fact, survey of consumers believ who personalise t
4
encourage reward edemption redemption buzzwords in onlin
it’s routine for merch on what customers
ne of the biggest ne retail. Today hants to provide
y,
of suggested products based s have already ise to link them
to items they have viewed multiple times. In fact, surveys show that 53% of consumers believe that who personalise
ys show that 53% etailers
ve that retailers their
their shopping shopping Personalising you
Personalising your promotions to ur promotions to encourage reward r
experience offer a more valuable service, wh to shop w
with r
experience offer a more valuable service, whilst 43% are more likely to shop with retailers personalpersonaliseised
But send sending customers ff of
hilst 43% are more likely fer
that offer
With this inith this in mind, why wouldn’t you personalpersonaliseise your loyalty programme as well? But
d recommendations. recommendations. your loyalty programme loyalty
promotions
is unlis unlikelyikely to bear fruit. You need to get your customers genuinely excited about your offerings.ferings. Yo to get
promotions for to get you
ant to ge them thinking about how your loyalty program will help them to realaliseise their desires. If your program doesn’t feel ‘useful’ to this end, your customers won’t want to participate.
excited abo want
how your lo them to ea program do end, your
Video game designers know better than anyone how to keep their players enga8ged. They leverage people’s
5
programme ideo game than anyon players en c
Gamify ogram
y. Pic
game in you up’ bonuses trophies wh achievemen
ne how to ke
keep them striving for the next level of play. Picture the average video game in your mind. There are ‘level- up’ bonuses, s, leadership boar leadership boards, and trophies when you complete certain achievements. This is the essence
people’s c ompetitive of play
cture the average video e are ‘level- ds, and
hen you complete certain nts. This is the essence
instincts to oesn’t feel ‘useful’ to this
to participa te. ‘Ga
fying’ mme
g’ you our rewar ards ir
random products uit.
ur customers genuinely You
ou need ou
their desires. If your oducts of
INDEPENDENT FOCUS: EXPERT OPINION DEPENDENT FOC ‘gamification’ em – it CUS: EXPERT OP constantly tly
reminds participants of the rewardsewards (real and potential) that come from their efforts.
Research proves that gamification has a measurable impact. According to a 2017 study, tools and
Accordin to too ols such and
meaningfulness’ you
settings me
loyalty pr exp
more inter Here ar
so-called ‘task If
non-game If
ea
(r al and potential) that come from their efforts. Resear
on ng
such as performance bars leaderboards increases
the use of game ds in non-gam in in participants.
you integrate this strategy into your loyalty programme, you will create a more interesting and engaging experience for your customers. Here are a couple of examples: TiTiered rewards programs – These the most
ar
loyalty programmes because th provide customers with the most pow
are some of ya
thousands. But creating upper levels for
for the ‘chosen few’ with unique benefits is a big drawcard. This is especialpecially efly effective if your products are available from multiple vendors. ors. have known this for
can tho ben
are available from multiple vendo Airlrlinesines have known this for a very long time, hence why their frequent
esp Air
lon
oduc ve
eque d. This
ery ent
n’t pr
iered rewards pr og mm
successful ful us
provide customers with the mo powerful incentive – exclusivity. y. Non-tiered loyalty programmes can’t provide this, because customers are aware that
they are one of els
que cts
ers ese
they ost
our ate ng
me ars me
ewar PINION N
flflier prier programmes reward their most loyal,
success ful
long-term customers with
perks like airport lounge access. Tracking your customer’s progress – To build a pr
programme, you need to consistently incentivise your customers. A one- communic tion when ogram
incentivise your customers. titime email
eta extr consistent
owded, and pdates
ers.
loyalty one-
me email communication when your customer joins your program is not enough. The retail space is extremely crowded, and people will quickly forget about you. Providing consistent updates is a great way to remind customers of how they can benefit by supporting your brand. Consider placing their loyalty status and the number of points they have to spend at the top of every email. That way,That way they will h ave this in mind as pr
oviding great way to
Consider placing their loy to
yalty status top of ev
mind as they look at your new product offerings.ferings. Building
they look at your new a
programme can seem pretty daunting but it really comes down to a couple of key principles; keeping things simple, and not putting barriers in the way of your customers’ efforts to earn/redeem points. If you keep this in mind, you stand to see a more dedicated customer base as well as a
pr
successful ett
but it really comes down ff forts
dedicated customer base as well as jump in sales.
loyalty
mers with ogress
www.diyweek.net
27 SEPTEMBER 2019 DIY WEEK 19 DIY WEEK
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36