Priority: š„š„š„ | Difficulty: šŖšŖšŖ
What if you could turn your one-time customers into die-hard fans who shop with you again and againāand even tell their friends to do the same? Thatās the power of a great loyalty program.
If youāve been focusing only on getting new customers in the door, youāre leaving money on the table. Retention is where the magic happens. And a loyalty program? Thatās your golden ticket.
Why Loyalty Programs Are a Game-Changer
š” Retention Beats Acquisition
It costs way less to keep a customer than to find a new one. A loyalty program helps keep your customers happy, engaged, and coming back for more.
š³ Psychological Hook
When customers earn rewards, they feel invested in your brand. Theyāre not just buyersātheyāre part of your ecosystem.
š Bigger Basket Sizes
Customers in loyalty programs donāt just shop more often; they spend more per order. Who doesnāt love earning points toward a reward?
The Must-Have Ingredients for a High-Impact Loyalty Program
1ļøā£ Give Real Value
Make the rewards worth it. Think:
- Free shipping for members (this one is huge).
- Discounts or points for repeat purchases.
- Early access to sales or exclusive product drops.
2ļøā£ Keep It Stupid Simple
No one wants to do mental gymnastics to figure out how to earn or redeem points. Spell it out clearly:
- āEarn 1 point for every Ā£1 spent.ā
- āRedeem 100 points for Ā£10 off.ā
3ļøā£ Offer a Juicy Sign-Up Incentive
Get people in the door with an irresistible offer, like:
- Free shipping on their next order for signing up.
- A welcome bonus, like 50 points just for joining.
4ļøā£ Celebrate the Little Wins
Make your customers feel seen and appreciated:
- āYouāve spent Ā£250 with usāhereās 15% off your next purchase!ā
- āHappy 1-year anniversary! Enjoy a free gift as our thanks.ā
5ļøā£ Create FOMO
Position your loyalty program as a VIP experience. People love feeling part of something special.
How to Get Your Loyalty Program Off the Ground
1ļøā£ Pick the Right Tools
Running your store on Shopify?
This app makes it super easy to set up.
2ļøā£ Promote It Everywhere
If customers donāt know about your loyalty program, they canāt join it. Make sure itās front and center on:
- Product pages
- Checkout
- Post-purchase emails
- Pop-ups
3ļøā£ Test, Refine, Repeat
Look at the dataāhow many people sign up, how many points get redeemed, whatās working? If something isnāt landing, tweak it.
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This is just one of the strategies in theĀ Double Your Profit in 90 Days Cheat-Sheet. If you havenāt grabbed your copy yet, download it now to get even more actionable tactics to boost your profits.