Is Your Loyalty Program Worth It? 5 ways to ensure your Program makes the cut

Now in its seventh year, the Loyalty Report 2017 reveals that consumers have reached their Program engagement threshold despite an upward trend in new Program memberships.

Our research finds that new program enrollment has grown by 31% in the past four years to 14.3 Programs per member; yet, only 6.7 Programs are active. This means that if your Program is not engaging or properly rewarding Members for their devotion, your Program is at risk and needs work.

Experience drivers like digital, personalization, and the human touch comprise 64% of what drives satisfaction, and are more important than monetary drivers (36%) such as discounts, rewards, and redemptions, in achieving Program satisfaction

A poor experience can significantly affect Member satisfaction, which can have a direct impact on spend, choice, advocacy, and retention, so it’s critical that you do everything possible to be among the active 6.7 Programs. Here are five ways to ensure your Program makes the cut.

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