Customer Attrition: What Is It and How to Improve Yours
No matter how good your business model is, eventually, you start losing customers. Seeing a
Your loyalty program works as an inventory management tool that helps you get rid of slow-moving products without compromising revenue.
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.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.No matter how good your business model is, eventually, you start losing customers. Seeing a
You must have been coming across “Loyalty Programs,” whether you are an entrepreneur or a
Why do so many businesses keep buyers through customer incentives? Modern consumers are very picky,
Each year, new platforms and businesses join the ecommerce arena, making it more crowded. This
Brand loyalty measurement is more challenging to measure than you think. Consumers are smart and
Commitment is a bold word, and we can all agree on that. And while in