Most successful businesses know the importance of retaining customers. Statistics show that acquiring a new customer costs up to 10 times more than retaining an existing customer, and existing customers spend two-thirds more than new customers. As a business owner, you can retain customers with a loyalty program.
What Are Loyalty Programs, and How Do They Work?
Loyalty programs are designed to reward customers for staying with your business. By providing an incentive for purchases, you'll encourage customers to buy products or services from your business instead of a competitor's. WaveToGet allows businesses to customize how they want to reward customers. Every time a customer makes a purchase they receive a certain amount of points that eventually can be redeemed for dollars.
Customers love feeling appreciated, with WaveToGet you will be able to build a relationship with your customers and not just a transaction. Loyalty programs work to make your customers know you are thankful for them being loyal to your business by offering them rewards.
Loyalty programs also help attract new customers because consumers love doing business with a company that appreciates them.
Using a Loyalty Program
When using a loyalty program, keep the format simple so that customers understand how it works. You'll also need some way to track customers' information. Whether you use points or any other system, you must keep track of customers' purchases. WaveToGet provides loyalty cards that you can use for this purpose. The design team at WaveToGet will create beautiful loyalty cards that accurate represent your business and its values. The WaveToGet program will also allow you to track the improvement and success of your business. Call us today to get WaveToGet for your business and start rewarding your loyal customers!