Introduction
Brands across industries are getting creative and going beyond the oh-so-basic “Buy 1 get 2 free” punch card approach. The latest trends in customer loyalty program involve creative digital experiences, personalised perks, omnichannel integration, and many more.
Do you want to increase customer retention and cultivate brand identity in the E-commerce marketplace? Then implementing an effective customer loyalty program is the key. With so many options available at consumer fingertips these days, building genuine loyalty is more important than ever.
Here are 5 of the best and most innovative examples of customer loyalty program examples that will inspire your loyalty strategy, and you need to check them out right now.
Amazon Prime: Amazon Prime is the ultimate subscription-based customer loyalty program. For just $119 annually, Prime members get free same-day or one-day shipping, streaming access, exclusive deals and discounts, and much more. Not only this, but Amazon also sweetens the pot every year with exciting new perks and services like free grocery delivery. One good decision consumers make is that they happily subscribe to an Amazon Prime membership without any questions. That's what we call a successfully strategized loyalty program.
Sephora Beauty Insider: Sephora Beauty Insider program by Sephora is a tiered point program that lets members earn cash rewards, bonus product samples, birthday gifts, and much more based on their annual spending. Sephora also lets its VIB Rouge members feel truly pampered with perks like private hotlines and special events.
Starbucks Rewards: Starbucks rewards loyalty program sets the standard for mobile loyalty program with their Starbucks Rewards app. Members earn “stars” for every purchase that can be redeemed for free food, drinks, and other rewards. The app provides an integrated mobile payment solution, order-ahead functionality, and a fun experience with games and challenges to earn bonus stars.
My McDonald's Rewards: To become fully digital and contactless, McDonald's revamped its loyalty program. Members are earning rewards for every order they make on the McDonald's app. Interestingly, points can be redeemed for menu items or share-worthy experiences like seeing your name on the McDonald's billboard. That's one crazy reward program indeed!
My IKEA Family : The IKEA Loyalty program combines rewards with personalised offers and inspiration. Members earn points for purchases, which can be redeemed for discounts and free products. The program also provides exclusive content such as home furnishing tips and DIY project ideas fostering a deeper connection with the brand.
Conclusion
By implementing innovative strategies, these brands showcase the latest trends in their loyalty programs, including personalisation, gamification, multimedia engagement, and tiered rewards. These brands have successfully fostered lasting customer relationships, driving retention and sales throughout the entire process.
Research shows that customers are more likely to choose a brand that offers a premium loyalty program. They are also more likely to make frequent purchases and spend more money on products. By implementing a customized loyalty program , you can cater to different customer segments and provide a more tailored experience.
