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Loyalty trends and best practices

Importance of an Effective Trigger-Based Communication Strategy

by Julia Leyrer
January 15, 2015
Importance of an Effective Trigger-Based Communication Strategy

Once you implement a loyalty program, you are not yet finished with your loyalty strategy. In fact, there is a good chance that a loyalty program is set to be ineffective if it does not have an ongoing and robust communication element in place. Successful loyalty programs initiate a behavior out of your customers that they would not otherwise have done, and whatever the initiatives may be, they need to be communicated properly and clearly to be effective and drive results.This is apparent for many of our consulting engagements, that companies are not making the most out of their current programs because they are lacking simple communications--and many do not even realize they are doing it. They are letting members become inactive because they are assuming the customer has all of the information they need about the program. This may be due to the fact that it is easy for the customer... Read more

When Should You Start Thinking About Loyalty?

by Lauren Chan
November 11, 2014
When Should You Start Thinking About Loyalty?

How do you know when it’s time to start thinking about loyalty? Investing in loyalty is a big decision but has great rewards if deployed correctly and efficiently. Loyalty is a solution for companies who want to drive incremental lift and better understand their customers. If you are contemplating whether or not loyalty is the right solution for your company, ask yourself these three questions: 1. Is your cost of customer acquisition high (and your customer retention rate low)? Most retailers, if not all, will answer yes to this question. With methods like search engine marketing and paid search advertising, the cost of acquiring a customer is skyrocketing and hurting profitability. Today, brands must focus more on retention rather than acquisition. In the long-run, shifting your efforts towards retention will be more profitable as you will encourage repurchase rather than a one-time purchase... Read more

Watch-On-Demand: 10 Ways To Personalize The Holidays

by Arif Damji
September 18, 2014
Watch-On-Demand: 10 Ways To Personalize The Holidays

Did you miss our recent webinar with Merkle? The joint webinar is now available to watch below and features Merkle's VP of Personalization, Zimm Zimmerman, as well as 500friends' Senior Director of Strategy, Arif Damji, as they both explore ways retailers can enhance personalization for their customers. They highlight how loyalty programs further enhance personalization for members through the data collected and aggregated. Learn how to use the holiday season to drive long term loyalty throughout the year... Read more

Why I Like Facebooks Ban on Rewarding Likes: Better Data

by Justin Yoshimura
August 15, 2014
Why I Like Facebooks Ban on Rewarding Likes: Better Data

You might think that, as CEO of a company that powers loyalty programs for over 50 retailers, I would be upset about Facebook’s recent announcement that the company will prohibit rewarding "likes" with incentives, monetary or otherwise. In fact, I'm a big fan of Facebook's move. For one thing, Facebook has restricted incentivizing social actions for years, so the new policy language only clarifies that stance. Also, I've long advised marketers against directly rewarding likes—500friends loyalty software actually disallows it—not only because it lives in a Facebook policy gray area, but also because it just feels wrong, and not in keeping with most brands' values. But the biggest reason I like Facebook’s like-rewarding ban? It has to do with the real value that Facebook offers for retailers. Some would say that's attention or traffic, but I disagree. It’s data. All-encompassing, personalizat... Read more

Does an Umbrella Loyalty Program Make Sense for Your Brands?

by Zach Woith
July 18, 2014
Does an Umbrella Loyalty Program Make Sense for Your Brands?

Is it better to have one loyalty program covering all of your brands, or separate programs for each? How you answer this question can have huge implications for customer experience and loyalty ROI. In a new paper from 500friends (below), we pose 5 key questions for senior marketers who are looking to determine the best approach.... Read more

Loyalty + Predictive Analytics = Personalization: The 500friends / AgilOne Partnership

by Andrew R.
June 24, 2014
Loyalty + Predictive Analytics = Personalization: The 500friends / AgilOne Partnership

In this video, recorded at IRCE 2014, 500friends Director of Strategy and Development Arif Damji talks about how 500friends LoyaltyPlus and AgilOne's predictive analytics help retailers personalize customer experiences and offers.... Read more

500friends + IBM WebSphere, Unica, Coremetrics @ IBM Global Summit 2014

by Andrew R.
May 06, 2014
500friends + IBM WebSphere, Unica, Coremetrics @ IBM Global Summit 2014

As an IBM Smarter Commerce partner, 500friends makes it easy to integrate a loyalty program using IBM WebSphere Commerce, IBM Campaign and IBM Interact (formerly Unica), and IBM Digital Analytics (formerly Coremetrics). In fact, 500friends will be at next week's IBM Smarter Commerce Global Summit 2014, where we'll be showing off our joint loyalty solution. Stop by the Marketing and Merchandising's Innovation Zone and say hello! Meanwhile, watch this video to learn more about how 500friends and IBM team up to deliver innovative customer loyalty solutions for brands like 1800Flowers.com... Read more

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