Customer Loyalty Programs Are the Right Choice for Your Business
At QIC, we design entirely custom, B2B, points-based customer loyalty programs that reward customers not only for purchase size and frequency, but also for a variety of other key behaviors including new client referrals, completion of surveys and product quizzes, and the adoption of online efficiency tools.
You name it, we can do it.
Our Approach to Building Customer Loyalty
We understand that this is a crowded space, and most businesses have some sort of customer loyalty program. However, QIC steers clear of broad, all-encompassing solutions that are inefficient and detached from your unique strategy. Instead, we offer direct, targeted solutions in line with your specific goals that show customers price isn’t the only thing that matters.
By identifying more effective success metrics and purchase incentives, we can begin building customer loyalty and boost purchase size and frequency, while also providing you with the necessary data to understand the “why” behind purchasing decisions in order to better tailor your products and services to your target customers.
In addition, we understand that current supply chain disruptions continue to bring new challenges to an already formidable selling environment. That’s why QIC custom customer loyalty programs are specifically designed with these headwinds in mind in order to maintain your edge and more effectively differentiate you from competitors.
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Questions
Do you know how to boost sales without lowering prices?
Do you know why your customers and selling partners aren’t buying more from you?
Do you struggle with purchase frequency?
Do you have a strategy for moving lower-tier customers up your sales ladder?
Do you struggle to sell products now considered to be commodities?
Have supply chain constraints hurt sales?
FAQs About Our Custom Loyalty Programs for Customers
Product excellence and superior service are the foundations of a successful business. But what if your potential customer doesn’t know you, or, worse, thinks that price is the only thing that matters? Drive awareness or give that customer a reason to give your business a chance with a points‐based customer loyalty program.
Let’s take a look at some FAQs we’ve received and our answers about building customer loyalty.
How do you ensure success?
Our programs offer more than a “do this, get that” loyalty incentive to your customers. They also increase receptivity for your key messages. In fact, we like to call customer incentive programs “communications campaigns with teeth.”
Once the custom approach has been determined and put into place, we apply all our other robust capabilities to ensure program success, including:
- Program management through our sophisticated IncenTrac® online system
- A dedicated account management team
- Thousands of unique reward items
- Expertly handled rewards fulfillment
- In‐house customer care
What types of rewards can I offer to aid in building customer loyalty?
Rewards that we recommend include popular lifestyle merchandise, travel opportunities, exclusive experiences, and concierge shopping services. Trusted brands such as Apple, Cuisinart, Samsung, Sony, DeWalt, Dyson, and many more are often part of our offerings.
We can work with your team to develop a plan of approach and determine which types of rewards would be most desirable to your customer base. For more information, please visit our rewards page.
What’s your philosophy as a customer loyalty company?
Many organizations fall into the trap of thinking that customers should be pleased as punch by any token of appreciation. The truth is, everyone – including the competition – seems to be doing some form of incentive or loyalty marketing to attract and retain customers. So it takes a really unique effort to stand out.
At QIC, we’ve seen customer loyalty platforms evolve over the decades, and there are a few key fundamentals that make programs exceptional. We believe doing the following delivers the best results:
- Being clear on the objectives – This might seem obvious, but you’d be surprised how many customer loyalty companies want to launch a program with only the goal being to “boost sales.” Not a bad idea, but it’s not specific enough.
- Targeting the right folks – It’s important to resist the urge to target every customer. Focusing on high‐value and already‐frequent customers allows you to put more of an investment in those who will yield the most return.
- Considering your company’s branding and culture – Your customer loyalty program is truly a key component of your business strategy, and it needs to reflect your values and culture, while being relevant to your business focus.
- Ensuring everyone in your organization has a stake in the program – You don’t want to silo the program as a sales or marketing project. It is a key part of your business strategy and should be shaped by input from across the organization.
- Defining rules and processes clearly – It’s best to take the time to think through how a program can and should work. We help you plan out every step of a custom customer loyalty program, and test the process with people in different parts of the organization.
- Offering meaningful rewards at a range of levels – Consider the demographics, particularly if you are in a B2B organization. The rewards you offer need to mesh with the audience you’re trying to engage.
- Allocating a realistic reward budget – A good rule of thumb is that reward costs should run between 1‐3% of sales revenue. Be sure to allocate a sufficient budget for program reward redemption.
- Communicating effectively – You’ll want to get the marketing team to develop a solid communications plan to launch your customer loyalty platform. Make full use of “sticky” program‐related communications.
- Tracking progress – Ideally, the program will be implemented on a robust technology platform that generates a wide range of customizable reports. Your data should include as much information as you can gather.
- Measuring and getting feedback – Because building customer loyalty programs requires the documentation of specific actions and outcomes, the return on investment can be clearer than other types of marketing. Using a combination of data from the program platform, CRM and other business systems, and subjective information from tried-and-true participant surveys can help you better understand program effectiveness.
Contact QIC to Launch Your Customer Loyalty Program Today
Looking to develop stronger customer relationships and grow market share? Reach out to our dedicated customer loyalty company today to begin crafting a tailored approach!
Points to Consider
60-70%
The probability of selling to an existing customer is 60-70 percent, while the probability of selling to a new customer drops to just 5-20 percent.
Over 25%
Increasing customer retention by just 5 percent, boosts profits by over 25 percent.