connect with us
Latest Editor's Digest Issue  |  News Round Up  |  Vendor Listing  |  This Week's Newsletter
3
16
5
1
0
1
article in: Loyalty Impact
Loyalty Programs and the Virtuous Circle
Feeding the rich data from loyalty programs into your continuous improvement programs

It’s really remarkable how many business processes operate without a feedback loop (in companies big and small).  Whether it’s because of a desire to hide from reality or a lack of infrastructure to gather data, we’d guess that a majority of key business programs run for long periods without any method for regularly measuring impact at any level.

Let's assume that a lack of will isn’t the limiting factor (ie. there's no hiding from the facts going on here). What options are available to companies that lack the infrastructure to collect data?

If your focus is measuring marketing and sales programs, then loyalty vendors can be excellent partners on this side of the equation.  Integrating loyalty or incentive programs into data gathering (or vice versa) creates a more powerful feedback system — by drawing on the emotional engagement of the rewards program.

The reason why loyalty programs can be such powerful data gathering partners is their continuous presence in customer interactions — acting as an effective data gathering and mining tool to serve as the power for CANI (Continuous And Neverending Improvement) efforts in your marketing programs.

Here are a couple of ways loyalty systems connect to your CANI programs:

1. They create a data source that is available in a high percentage of customer interactions.

2. They creates emotional engagement that normally limits the amount of  data gathering from customers.

 
3
16
5
1
0
1



  • Editors' NEWS/Opinion
    in Loyalty Impact
    SPG Survey of Top Customers Provides Insights | SPG survey shows it's critical to avoid underestimating the potential of well constructed rewards programs
    in Loyalty Strategy
    in Loyalty Industry Watch
    American Express Extends Top Rated Streak to 6 Years | Tops JD Power Credit Card Customer Service Ranking Again
    in Loyalty Infrastructure
    Walgreen's CIO Delivers Infrastructure for New Loyalty Initiative | Effort reads like a playbook for any company looking to institutionalize customer centricity and loyalty marketing into its business model.
    • Your CX's worst enemy? It's weak team members competing with strong ones ... and losing http://bit.ly/WTEnNI

      21 May 16:00:00
    • One exceptional store manager demonstrates how #employeeengagement drives #brand power http://bit.ly/10hklQm

      20 May 14:30:00
    • 3 reasons to use #gamification within your teams to drive #CX http://bit.ly/XIbAzO

      20 May 14:00:00
    • 5 keys for a successful Voice of Customer effort http://bit.ly/Z3XlkY #VoC

      20 May 13:30:00
    • 3 reasons to use your newest product / services as rewards in your loyalty programs http://bit.ly/16ubVsi

      20 May 13:00:00
    • Looking beyond NPS for strong #customerinsights to drive business decisions http://bit.ly/14JnvCq #VOC

      20 May 12:30:00
    • What a job posting can tell you about a company's commitment to #socialmedia http://bit.ly/WvlteC

      17 May 18:00:00
    • Is your company its own worst competition? Inconsistent CX from different team members can create new pressure points http://bit.ly/WTEnNI

      17 May 17:45:00
    • What's missing from follow-the-leader #customer facing programs? Internalization http://bit.ly/XIbxnz

      17 May 17:30:00
    • Why the C-level leadership is key to sustaining #customerloyalty http://bit.ly/14V62n2

      16 May 15:30:00
  • Editor's Note
    Welcome (back) to the Ideal Path Customer Loyalty Portal.
    It's funny, every time I read the name of this portal, I'm not satisfied. But then I remember that a short catch phrase can't describe an area that encompasses the act of focusing on and delivering customer experience, satisfaction and loyalty.
    …… Read More.
  •  LOYALTY IP NEWSLETTER
    BE INFORMED. STAY CURRENT.
    Get the latest picks by our Editorial Team - from the News, Articles, Examples, Vendors and Events.
    Your weekly eye on the Loyalty Industry -- filled with usable takeaways brought to you by our Editorial Team.
    We sift through 1000's of items to bring you the most relevant and eye opening ones.