Market Insight
Feature Article January 21, 2020
IT/ Digital
【Membership App】 Why You Need a Loyalty Program App for Your Business
Did you know that brands spend about 5-25x more to acquire a new customer than they do to sell to an already existing one? Well, according to research, loyal customers spend 67% more than new ones through repeat purchases. These statistics underline the importance of customer loyalty and how profitable it can be to your business. That's why you need a loyalty Program app for your business.
Business owners ought to relay trust and appreciation to their customers to foster loyalty. Besides, we live in a competitive world and customers want you to convince them that you care slightly more than the competition. This way, you’ll have a committed group of admirers that will not only keep on buying from you but also spread the word out there and bring in new customers.
Businesses employ different industry tactics including loyalty programs, incentives, rewards, brand ambassadors, among others. And while all these programs have been in use for years, businesses have started using Membership App as a new way to increase customer satisfaction. A well-developed mobile app provides customers with a marketplace for daily deals complete with notifications to ensure they’re always up-to-date.
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Did you know that brands spend about 5-25x more to acquire a new customer than they do to sell to an already existing one? Well, according to research, loyal customers spend 67% more than new ones through repeat purchases. These statistics underline the importance of customer loyalty and how profitable it can be to your business. That's why you need a loyalty Program app for your business.
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