Best Rewards Program For Ecommerce
In today’s highly competitive Ecommerce industry, a well-designed loyalty program can be a game-changer for businesses. A great rewards program for Ecommerce can help companies to retain their loyal customers, while also attracting new ones. According to research, almost 69% of customers say that they are more likely to shop with a retailer that has a loyalty program.
When it comes to increasing sales and revenue, loyalty programs can be incredibly effective. Almost 80% of customers tend to purchase more frequently from businesses that offer a strong loyalty program. With a loyal customer base, companies can reduce their marketing costs while boosting profits over time. All in all, investing in the best rewards program for Ecommerce can help businesses to build trust and foster long-term relationships with their customers, leading to success in a highly competitive market. Let us examine some of the major challenges faced by Ecommerce brands.
Challenges
Ecommerce brands face multiple challenges which have increased multifold post the COVID-19 pandemic:
Best Rewards Program For Ecommerce by Zinrelo
Building and maintaining customer loyalty is vital for every Ecommerce industry. With so much competition out there, businesses need to go the extra mile to keep customers engaged and satisfied. Zinrelo helps to build the best rewards program for Ecommerce that keeps customers coming back for more.
Using advanced technology and artificial intelligence, Zinrelo creates personalized rewards programs that cater to each customer’s needs. This approach not only increases customer engagement but also boosts revenue growth through increased sales and customer loyalty. With Zinrelo, businesses can create a powerful and effective rewards program that keeps customers happy and coming back for more.
Below are some facets of Zinrelo’s loyalty programs for Ecommerce companies.
Machine learning algorithms help create different customer segments based on unique attributes, preferences, and previous behavioural patterns
- Create customized promotions based on customers’ interests, past purchases and buying behavior.
- Offer incentives with personalized services and individual preferences.
Providing unique experiences to outshine competitors and elicit customer loyalty.
- Set experiential rewards & offers, and build gamification via badges & contests to create aspirational value among customers
Move higher spending customers to a higher tier of service.
- It is important to pamper loyal customers
- Create incremental monetary & non-monetary tier-based benefits (including exclusivity and VIP experiences)
- Early access to promotions or new product launches are just a couple of examples that can be offered
Get your customers to help with your marketing. Nearly 9 out of 10 people read reviews before making a purchase.
- Write a review
- Record a video testimonial
- Enable and incentivize sharing on various social media
A prospect from an active customer referral is 7X more likely to convert
- Refer the brand to new prospects
Sample Loyalty Program For Ecommerce
To illustrate what a loyalty program for Ecommerce could look like, we have taken the example of Fab Ecommerce. Below are examples of a typical client loyalty dashboard for a Ecommerce company. The best Ecommerce loyalty programs all have these features in common.
This will be created by Zinrelo automatically on the brands’ website, inside the “My Account” section with a single-sign-on.
Loyalty Points Earning Activities
Reward points can be earned through various means such as buying products, referring friends, and availing exclusive offers in Zinrelo’s loyalty program. Additionally, participants have the flexibility to customize their involvement based on their unique preferences and needs.
Loyalty Rewards
Accumulated points of customers can be used to redeem rewards such as discounts, complimentary services or products, gift certificates, charitable donations, and several other alternatives.
Loyalty Rewards
Accumulated points of customers can be used to redeem rewards such as discounts, complimentary services or products, gift certificates, charitable donations, and several other alternatives.
Loyalty History
A dashboard screen has been created exclusively for customers to conveniently view their points and rewards history.
Loyalty Tiers
By checking their tier status, customers can fully grasp the benefits of making more purchases. As they ascend the tiers, they are rewarded with higher levels of service, which creates a deep sense of significance and strengthened emotional connection.
Loyalty Tiers
By checking their tier status, customers can fully grasp the benefits of making more purchases. As they ascend the tiers, they are rewarded with higher levels of service, which creates a deep sense of significance and strengthened emotional connection.
Benefits with Zinrelo
+80%
Repeat Sales
2.4X
Revenue Per Customer
+50%
Profitability
14X
Customer Retention
Think Holistic Loyalty. Think Zinrelo.
Enterprise
Grade Globally Top-Ranked Technology Platform
Multi-Dimensional Approach from Transactional to Emotional
Real-Time Data Visualization for Intelligent Decision Support
Deep Data Analytics for Program Design Precision
Strategic Consultation to Ensure Continuous Improvement
Machine Learning Powered Segmentation and Personalization
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Trusted by Brands Across 50+ Countries
Trusted by Brands Across 50+ Countries
Most Trusted Loyalty Platform
Happy Customers
We have seen a 48% increase in revenue compared to last year and this increase is directly attributable to the Zinrelo loyalty rewards program. This is phenomenal!
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Customer Success Stories
Zinrelo enables brands to adopt a holistic approach towards loyalty. Here are some examples of brands that have benefitted from a loyalty program.