| In Today's business world,
implementing Loyalty Program is no longer
a new concept. We are going to share with
you some statistics collected from recent
research and loyalty news all over the world
in this issue.
Now, let's see what implications can be
obtained from a new IBM Survey on American
shoppers first. In this survey, half of
the shoppers said that getting a personalized
offer or coupon and an interactive touch
screen with product information would encourage
them to shop at specific retailers. 81%
of interviewed shoppers are loyal to certain
retailers rather than others because they
think the retail stores recognize them as
individuals. From the above findings, we
can firmly conclude that if you wish to
be on the top of customers' mind, Loyalty
Program must be undoubtedly what you need.
Next, we look into the following loyalty
news. Sainsbury, a leading UK food retailer
is getting partnership with Nectar, the
largest rewards programme in UK. With improvement
to gather customer data, the supermarket
chain can expect a 10-fold increase in incremental
sales generated in 2005 compared with just
four years ago. More efficient use of the
data in Sainsburys campaigns has meant a
greater return on investment.
In Malaysia, ESSO Malaysia Bhd, ExxonMobil
Sdn Bhd and ExxonMobil Borneo Sdn Bhd have
started to run a Smiles Driver Rewards Program.
The Smile card is free for all Esso and
Mobil customers that they can earn points
through fuel and store purchases at more
than 560 service stations nationwide.
To sum up, it has evidence supported that
we should at least consider loyalty programs
as an opportunity not only to strengthen
customer relationships and raise profits,
but also to reinforce their brand values,
and to gain access to important consumer
information. |