What Consumers Think of Loyalty & Rewards Programs
With the events of 2020 drastically changing many aspects of our lives, we felt it was important to refresh our consumer sentiment research and release an updated report. What we found was both the pandemic and racial inequality issues have shifted some perspectives on loyalty, but much remains the same.
Loyalty programs can be found everywhere these days, and marketers know all too well that the proliferation of these programs makes it difficult to break through the noise and capture consumer attention. To truly stand out from the crowd, brands must go beyond the transaction and create enhanced experiences and engagement opportunities across the entire customer journey.
Key findings for 2020:
- Reward utility is critical
- Gamification and engagement are must-haves
- Rewards experiences should be personalized
- Thank you and surprises drive emotional connections
This annual report highlights what you need to know for 2020 to ensure your loyalty and rewards strategies are not only current but remain relevant and impactful.