The Quick and Simple Guide to Increasing Profits Using a Rewards Program

Repeat customers are the key to increasing your profits as a small business. But even with the most responsive service and top-quality results, it’s difficult to keep customers coming back for more.

If you’re searching for ways to increase your rate of business, and thereby your profits, a rewards program is just the solution for you. It’s a great way to stand out from the competition and retain your customers over the long-term, in addition to serving as an attraction for new clients.

Your small business can implement a rewards program in a number of different ways depending on the type of service you provide. You might go with the familiar grocery store technique of reduced prices for active members of the program. Free giveaways are a classic approach utilized by coffee shops everywhere where, for example, every tenth coffee is free.

You might wonder if rewards programs are expensive. At only $19.99 a month, we’re much more affordable than our competitors who charge $100 to $200 a month, and you’ll certainly receive a huge return on your investment. This is because when your customers sign up for a loyalty program, you gain access to a list of valuable contact information that you can use to directly market your services to people who have already proven themselves interested in your product. That’s a market you’ll be hard pressed to reach using traditional advertising.

It doesn’t have to take much time to set up and monitor a rewards program. From the customer perspective, the best program is a simple one, so they can figure out how much money they’re saving without having to make a series of complicated mental calculations. Naturally, simpler rewards programs are easier to run as they reduce the amount of time you need to spend providing customer support.

The easiest way to reduce the amount you spend supporting your rewards program is by using Loyal Loops. We’re experienced in providing quality programs to small and medium-sized businesses and can help you decide on the right rewards program for your needs. Don’t hesitate — contact us today for a consultation on whether it’s time to begin your rewards program.