Social Media Basics: Why Your Business Needs a Loyalty Program

    

This is the first article in a multi-part series on Social Media Basics.  While this series focuses primarily on MobileBytes Point of Sale for restaurants, there are still some great practices and concepts that you could easily apply to other systems and retail operations.  With that being said, let’s talk about Loyalty Programs.

Loyalty Program card with colorful background with defocused lights

Common Loyalty Programs

Below are two common loyalty programs that most Alaskans would immediately recognize:

  • Grocery store gas rewards
  • Coffee punch cards

Let’s look at an example for gas rewards, in this case Fred Meyer.  In their loyalty program, you earn one fuel point for every $1 you spend.  Once you earn 100 points in a month, you can redeem it for one discounted fuel purchase (limited to one fill and a maximum of 35 gallons).  Now their program gets a little more complicated on exactly how much of a discount you get and some other details, but you get the general idea of how this works.

For coffee punch cards, it’s a bit simpler.  In most instances, you buy 10 coffees and then your next one is free.  (It’s worth mentioning that the downside to using a true punch card is all the ways it can be abused.)

Both programs, while different in execution, attract and retain customers simply by rewarding customers who continue to visit the merchant - that’s you!  Depending on the program, the more they visit or spend, the more they earn.  Even if it’s something small, like a free appetizer or a similar type item, customers love getting something for free, and it works.  I suspect that most Alaskans are members of not just one, but several loyalty programs.  From gas rewards, airline miles, free shipping and more – we use these programs just about everywhere (Alaska Airlines miles anyone?).

Know Your Customer card with colorful background with defocused lights-1

The companies that have these types of programs are typically very successful and find great value in the information they gain from the customers that participate in the program.   And, while there is no guarantee that having a loyalty program will make your business a success, it’s a sure bet that it will play a key part in getting you there faster.

Overall, I think you’d be hard pressed to find a reason not to implement a loyalty program.  So how do you start a loyalty program?  (And, if you are already a MobileBytes customer, it’s easy, so let’s get started by clicking here.)

 If you are interested in our loyalty program and aren’t sure how to make it happen, send me an email at thomas@skurlas.com – I’m happy to help!

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About The Author

Sales Manager for Skurla's POS Solutions, Thomas has been with the company for over 10 years. He loves working with our customers and bringing more value to our partnerships. Being in the IT field for over 20 years, he is also an ETA CPP as well as a PCI SSC Qualified Integrator and Reseller (QIR). But don't let all that intimidate you - he is still a down to earth person who will take the time help you out, answer your questions and get you in a solution that works for you! Connect with Thomas on LinkedIn: www.linkedin.com/in/thomas-greenman-33233a108/