Customer Loyalty programs have helped companies to connect with their customers for decades. However, the programs do not always work out as expected. Let’s say that a credit card company promises you travel rewards. But what happens when you’ve signed up for the card and find the benefits don’t interest you at all or that the points to miles scheme is stingy compared to other credit cards? You’ll probably ditch the card at the first chance.<\/p>\n<\/div>\n\n
What about customer loyalty programs for groceries with which you collect points on every purchase? The rules and restrictions tend to be very detailed and when you try to redeem earned points, you may find that they translate into just a few dollars. Worse even is when you can only use them for specific brands\u2014maybe brands with products that you\u2019ve never purchased before and don\u2019t plan to start buying now.<\/p>\n<\/div>\n\n
These are examples of loyalty programs that have failed to gain insights into the customer base. As a result, they don\u2019t encourage members to keep adding points or to renew their program membership. What’s missing is insight into consumer preferences.<\/p>\n<\/div>\n\n
Research shows that consumers today are not getting more loyal, despite the proliferation of rewards and loyalty programs. An analysis by Sogeti<\/a> showed that almost 90 percent of social media sentiment on loyalty programs was negative. Meanwhile, a survey by Accenture<\/a> revealed that 77 percent of consumers in the US were retracting their loyalty from a brand at an accelerated pace.<\/p>\n<\/div>\n\n The same trend can be seen in other regions. According to Mastercard<\/a>, Asia-Pacific consumers have, on average, 7.6 loyalty programs in their wallets\u2014but these programs are not truly influencing consumer behavior. Mastercard found that the net promoter score for the loyalty programs across the Asia-Pacific countries it studied was -5. (A net promoter score is a measure of customer experience, calculated<\/a> by subtracting the total percentage of Detractors from the total percentage of Promoters.)<\/p>\n<\/div>\n\n In short, loyalty programs are failing to engage customers. There are a few reasons for this.<\/strong><\/p>\n<\/div>\n\n One reason for this failure is a lack of personalization. That doesn’t mean sending the people on your list an email with their first name in the greeting, but instead tailoring programs to individual members\u2019 preferences, buying habits, lifestyles, and needs. Another, according to Sogeti, is the \u201clack of a seamless multi-channel experience\u201d\u2014the failure to consider multiple online and offline consumer touchpoints. Customer service issues, including long call wait times, also plague loyalty programs.<\/p>\n<\/div>\n\n Mastercard released research showing that when customer loyalty programs failed to satisfy customers they typically lacked \u201csimplicity, transparency, accessibility and relevance of program delivery\u201d. These factors were considered more important than the range of rewards and benefits offered. Preference for the nature of rewards\u2014such as discounts, cashback, and complimentary products\u2014differed per country, indicating the need for international companies to tailor their programs to specific markets.<\/p>\n<\/div>\n\n Digitalization<\/a> makes loyalty programs better. Through digitalization, marketing managers can improve the ease of access and use, transparency, and relevance of their loyalty programs. They can implement personalization and multi-channel strategies that work.<\/p>\n<\/div>\n\n When we talk about loyalty and digitalization, we\u2019re not referring to having a website or a mobile app. It\u2019s about seamlessly integrating digital touchpoints into different aspects of your loyalty program to improve members\u2019 experience and encourage positive interactions with your brand.<\/p>\n<\/div>\n\n Walgreens is one of the largest pharmacy store chains in the USA. The company sells products related to health, fitness, and nutrition. They rolled out the Balance Rewards for healthy choices<\/a> program to encourage members to live a healthier lifestyle. Members can earn rewards points and discounts on Walgreens purchases by tracking healthy behavior, such as a daily run.<\/p>\n<\/div>\n\n\n How Global Companies Are Driving Customer Loyalty Through Digitalization\n <\/h2>\n\n\n