Loyalty programs have proven themselves as one of the most effective tactics for increasing revenue and inspiring customer loyalty.
TEDMOB Loyalty Digital Solution helps businesses create, manage, and analyze customer loyalty programs.
Why the Need for a Loyalty Program for your Business?
- Loyalty programs are offered by retailers and other corporations as a way to attract and retain customers.
- Loyalty programs offer rewards, discounts, or other special incentives and are designed as a reward for a customer's repeat business.
- Loyalty programs benefit companies not only by developing customer loyalty but by providing crucial information on how customers are spending and what products or types of offers are most appealing.
Why Our Loyalty Program Solution is successful so far?
TEDMOB deployed the loyalty program solution with more than 50 clients in the region.
What were the results & benefits?
- Improved Customer Engagement
- Impact on Brand Affinity and Loyalty
- Improves Customer Experience
- Increased Customer Retention
- Increase in Sales and Revenue
- Increased customer lifetime value
Customer loyalty impacts all the important metrics important to running a successful business. If you have happy and satisfied customers, they continue to buy from you, spend more than others, are less volatile, and more likely to become brand advocates. New customers tend to cost more to acquire, and don’t spend as much money as loyal, repeat customers. Keeping customers coming back for more is critical to business success.
By creating a comprehensive loyalty program that allows for modern marketing techniques, you can turn your customers into advocates for your brand.
Since modern consumers trust peers over advertising, fostering loyal customers who will then speak out on your behalf is simply a smart business move.
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“Loyalty program members spend between 12 to% to 18% more than non-loyalty program members.” – Fundera