The psychology of rewards programs: How Monetha can motivate consumer behavior
June 21, 2023
The basic psychology of rewards How do you get your dog to sit when you’re
Manage stock with a loyalty program
Your loyalty program works as an inventory management tool that helps you get rid of slow-moving products without compromising revenue.
Trusted Shopify partner
Reduce excess inventory with rewards
Rewards are powerful. You can easily affect customers' behavior with them. Need to increase demand for specific products? Offer higher rewards for them!
It doesn't have to be related to stock management only. This tactic fits perfectly for incentivizing customers to try new products, too.Why are rewards better than discounts?
1. Rewards retain your brand value while discounting can devaluate your brand.
2. Rewards keep price integrity while discounts lower the perceived value of your product.
3. Rewards highlight your product and not your discount.
More benefits for your business
Loyalty, rewards, and beyond
Retain value of your brand
Loyalty rewards train customers to buy products at full price and help you avoid the discount spiral.
Improve business performance
Engage with your audience in-between purchases by giving them loyalty points for special occasions or any positive actions.
Affordable and easy-to-start
Build an effective loyalty program effortlessly and with any budget. Our support team is always around.
Accept loyalty points as a payment method
Let customers spend their loyalty points at your store to increase retention and brand loyalty.
Plan your sales
Customize, schedule, and track loyalty campaigns with the integrated campaign manager.
Reach a new audience
Get listed in the Monetha cashback app and showcase your products to thousands of new customers.
Customize the look of your rewards
Looks like your native loyalty program. Adjust texts and styles to customize it even further.
Cover costs with our Partner program
We will add ~$1 worth of points to your loyalty budget for every new customer joining Monetha from your loyalty program.
Learn more about loyalty
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