4 Must-Have Features of a Loyalty Management Program
Martech Outlook | Tuesday, January 21, 2020
A well-designed loyalty management platform is a proven solution for growing and sustaining customer base and market position.
FREMONT, CA: Loyalty management programs have been around for the last few decades. According to research, more than 75 percent of consumers today have at least one loyalty card. This clearly shows the value of investing in developing and managing a loyalty management program. But there is no one-size-fits-all loyalty management program. Here is a quick review of the key features of an effective loyalty management program.
• Dynamic Segments and Incentive Personalization
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To connect the campaigns with customer attributes, brands need to integrate their loyalty management program with customer relationship management software. The best loyalty management software should be capable of storing other data relevant to loyalty programs. Having all this in place, marketers will be able to see consumer profiles and their history in a unified way. Such a view drives the right loyalty program incentives. By sifting through the profiles one by one, the marketing team can come up with some personas and respective incentive scenarios.
• Integrations and API to Create Omni-Channel Experience
Designing a loyalty program is of prime importance. The next step is to deliver it to the customers to get their attention at the right time and in the right place. In the modern world, an omnichannel approach to reward campaigns is not an option for brands anymore. A loyalty management program also needs an in-app messaging facility, dedicated landing pages, social media platforms, push notifications to list a few. Therefore, the loyalty management platform should be equipped with a developer-friendly API.
• Engaging Self-Serve Customer Portal
Apart from the developer's effort, a loyalty management program requires operational help from customer agents. Somebody has to answer customer queries related to terms of conditions and rewards. To reduce the load, the loyalty system should provide customers with an easy way to monitor their performance and redeem rewards. A self-serve customer portal integrated with brands’ online app, where the customers see their progress and previous rewards, would be a smart solution
• Relevant and Informational Notifications
The last but not the least, the feature of an excellent loyalty management platform is a reminder. To cut through the noise and avoid spamming the customers, brands should send relevant and informational notifications about loyalty program details. These reminders should be based on real-time customer attributes and must be timely displayed on a device of customers’ choice.
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