Loyalty programs, sponsored by retailers and other businesses, offer rewards, discounts, and other special incentives as a way to attract and retain customers

Loyalty programs, sponsored by retailers and other businesses, offer rewards, discounts, and other special incentives as a way to attract and retain customers. They are designed to encourage repeat business, offering people a reward for store website

Loyalty programs, sponsored by retailers and other businesses, offer rewards, discounts, and other special incentives as a way to attract and retain customers. They are designed to encourage repeat business, offering people a reward for store website https://www.investopedia.com/terms/b/brand-loyalty.asp (Links to an external site.) (hence the name). Typically, the more often a customer patronizes the merchant—and the more they spend—the greater their rewards.

Visit the 10 Lessons Hospitals Marketers Can Learn From Loyalty Marketing website: https://www.ama.org/marketing-news/10-lessons-hospital-marketers-can-learn-from-loyalty-marketing/ (Links to an external site.) to review the value of running a loyalty program in hospitals to anticipate needs and enhance care delivery to increase patient retention.

Discuss a customer loyalty program you are part of without disclosing personal information; examples include coffee punch cards, airlines, and credit cards. Explain how you think the program encourages you, the customer, to be loyal to them? What advantages have you gained? What would you do differently to better the process and have both parties (loyalty program and customer) happy?

. Typically, the more often a customer patronizes the merchant—and the more they spend—the greater their rewards.

Visit the 10 Lessons Hospitals Marketers Can Learn From Loyalty Marketing website: https://www.ama.org/marketing-news/10-lessons-hospital-marketers-can-learn-from-loyalty-marketing/ (Links to an external site.) to review the value of running a loyalty program in hospitals to anticipate needs and enhance care delivery to increase patient retention.

Discuss a customer loyalty program you are part of without disclosing personal information; examples include coffee punch cards, airlines, and credit cards. Explain how you think the program encourages you, the customer, to be loyal to them? What advantages have you gained? What would you do differently to better the process and have both parties (loyalty program and customer) happy?