Title: 5 Different Types of Loyalty Programs
15 Different Types of Loyalty Programs
2Introduction
- Loyalty Program is a popular marketing strategy
used by many business to increase their sales or
revenue by retaining a customer for a long period
of time.
3Benefits of Loyalty Programs
- Turning Customers into Brand Loyalists
- Retaining Existing Customers
- Build Better Relationships with Customers
- Get New Customers
- Brand Reputation get improved.
4 Types of Lotalty Programs
- Channel Loyalty Program
- Influencer Loyalty Program
- Consumer Loyalty Program
- Cash Back Loyalty Program
- Premium Loyalty Program
5 Channel Lotalty Programs
- Chanel Loyalty Program is an essential element
when it comes to the growth of a business. It
focuses on building healthy, professional
relationship with channel partners such as-
dealers, distributor, wholesalers who help you to
sell your product.
6 Influencer Lotalty Programs
- Widen Your Brand by connecting various
influencers and promote or sell your product via
influencers is known as Influencer Loyalty
Program. Business like construction, restaurants,
TMT bars uses this strategy to acquire new
customers for their brand.
7 Consumer Lotalty Programs
- It is an effective marketing strategy to
encourage customers to associated with their
brand and buy their product repeatedly. Whenever
a customer buys any product, it generally rewards
customer. These rewards include discounts, redeem
points, free voucher or coupon etc.
8 Cash Back Lotalty Programs
- This loyalty program provides customers an
incentive based reward by giving them back a
certain percentage of amount spend. In this way,
it helps as well as encourages customers to
become a brand loyalists.
9 Premium Lotalty Programs
- One of the most common loyalty program now a days
used by various brands. It gives customers an
opportunity to become their premium customers to
avail special benefits. Amazon Prime, Netflix,
Apollo are some of the popular brands who
extensively uses this program.
10 Conclusions
- If you are a small brand, want to widen your
market reach, then loyalty programs are your must
go to goal. There exist several loyalty program
companies whom you can seek help in this purpose.
11 Thank You