Develop a Loyalty Program Structure for Retail/E-commerce
Objective:
– – Design a structure for a customer loyalty program.
– – Encourage repeat purchases, increase customer lifetime value, and build brand advocacy.
– – Retain existing customers and attract new ones through referrals.
Description
Expected Inputs:
– – [Business Type: e.g., Online fashion boutique, Local grocery store, SaaS subscription service]
– – [Target Customer Segment: e.g., High-frequency buyers, New customers, High-value customers]
– – [Desired Program Model: e.g., Points-based, Tiered, Spend-based, Hybrid]
– – [Key Benefits/Rewards: e.g., Discounts, Exclusive access, Free shipping, Early product access, Personalized offers]
– – [Integration Points (optional): e.g., Mobile app, Website, POS system, Email marketing]
Results:
– – A detailed structure for a loyalty program, including earning and redemption rules.
– – A tiered system (if applicable) with defined benefits for each level.
– – Suggestions for communication and promotion of the program.
– – Metrics for tracking program success and ROI.