Thanks for circling back, @teresa. 🙂
I think I see what you mean. While you can designate the number of stars required for an award, there isn't a way to segment out the level of the award as your customer collects their stars. Currently, the award can only be set at a fixed amount or percentage.
I can see how this option would help drive more interest — rest assured that I'll be running this by our Product Liaison team. Appreciate you taking the time to point this out — we're always working to improve based on seller feedback.
I have sort of found a way to build a tier, since the program does allow me to adjust their points manually. It doesnt allow me to go over 100 but I can scale down my rewards accordingly so that isnt an issue. Customers LOVE tiered loyalty programs, and it increases return even more than just a simple ONE reward program. I have my loyalty set to 100 points (max) in which my grand reward is 10% off purchases ALWAYS. Once a customer reaches that point, they are pretty loyal with the scale I have, so for me that is important to keep them loyal and 10% off ALWAYS is very enticing :). BUT i have made a tiered program card that explains the prizes at what level, such as 10 stars can be traded in for 15 dollars off purchase, 20 stars equal 20 off, 50 stars equals 5% off ALWAYS, 75 STARS for 50 dollars off 100 purchase or more and 100 for 10% of ALWAYS. I can simply subtract their stars as they want to trade it in. I have built in discounts that mirror that and we select those to take the correct amounts off and i named them STAR reward 10, 20 etc (respectfully)...that way they can know that it is part of the loyalty and what they actually received. It is a little cumbersome but I think its going to work...my second day on it today, so we will see. I am converting my old (belly) to the new (their points will equal stars). Just thought I would explain what I am doing so maybe others that want it can use that type of work around as well. It does collect thier stars based on their purchases so that is very nice to have built in and working 🙂 Oh, and once someone reaches the "5,10% off ALWAYS" we simply subtract the points so they can still build up for other gifts and then add a note in their customer profile that says "10%off Loyal customer"
@teresa What's your $ to star ratio? I really think your program is awesome, but I want to make sure my clients are spending enough money to make 5 or 10% off always feasible for me as well as them. 😉
I really dont have a dollar to star ratio, I simply give caculated my profit of what they spent to get to 10 stars. so maybe that is what you mean, not sure though..lol The customer has to spend 150 dollars and the following vist they can get 15 dollars off their purchase of 15 or more...yes it means they can get a free item (that was my intent) buy 10 get one free. hope that answers your question 🙂
Wow... That's a very generous loyalty program. I really like the idea of it though. Can you tell us how well it's been working? What volume of discounts have you applied so far this year?
When it came to our loyalty program, I did some math to figure out exactly what I take home out of every dollar on average. So if a customer has to spend $250 before getting a reward, how much of my actual profit on $250 am I willing to give away? It turns out I'm in that same 2% threshold like all other grocery stores out there. I wish I could justify being more generous, but most of our customers are loyal regulars already. If I set my max discount to 10%, eventually 90% of my customers would be getting 10% off...
it works out REALLY WELL! I have done several things in my program and I have made it work. I encourage them to return within a week (if you have ever shopped at a dollar general, they do it A LOT(get 5 dollars off if you bring in reciept on this day) I simply added the info to my receipts (bring receipts in within 1 week and get an additional 5% off)... IT really entices them to return in that window 🙂 I simply create a discount for the amount that I am offering on the tiered program and we click disount and select it, then we remove the stars from their account. I have added a screen shot of my current loyalty stuff and the discounts I have given this year. YES, it seems like a lot but it honestly is well worth it. My mark up on the product I offer the most and sell the most, is HUGE and It is worth it to keep them coming in for it. It behooves them to build up the stars and they LOVE LOVE LOVE IT! people make sure we give them their stars, they make sure to ask about trading in stars for discounts. I am lovi..it is a work around and I hope in themmmmm[ future they will add the abl to have a
yes, it definately depends on your mark up and profit...if its a grocery or convenient, then I know that mark up/profit is low compared to mine. I sell an item that cost me 1.40 for 8.99 and another item i cost me 2.80 and i sell it for 14.99. THOSE are the items the keep coming back for weekly and monthly and the ones I want to discount for them. here is snapshot of gross sales and the discounts I have given for the entire year. Hope this makes sense and answers your question. Maybe you need to raise the amount to get a star? I know the 100 stars and get one thing is cumbersom but I have a handful if you look in my post that get the 10% off. I see about 30 customers a day average. In a year i have given 1153 dollars for the 10% always (100 star award) so it isnt a lot that reach that point. I also offer a grandfathered 20% that I used to give and that is for really REALLY loyal ones..I no longer am offering that one LOL but It has kept me real loyalty for 3 years!
We tell our customers face to face that we've switched to a virtual punch card that's stored by their phone number. Everyone seems really excited about it, and they're catching on. I let them punch their own phone number in too. I think it adds to their experience. But we are a coffee house. So it might be a little harder in a stand.
Happy New Year all!
Re: Does anyone have any Loyalty program education/flyer/tips to share?
Great question! After launching a campaign, the next part is letting your customers know. What I have found that works is to put the campaign on the bottom of the receipt, so that every customer can read it when they get a receipt. Also, after every transaction, inform every customer of the campaign. And dont forget to make them smile when you do, good luck! 🙂