Loyalty Rewards Program For Home And Furniture
In the highly competitive home and furniture industry, having a loyalty rewards program is crucial to keep customers engaged and returning for more. A well-executed loyalty program provides customers with an incentive to shop with a particular brand more than the competition. This translates to repeat business, increased sales, and ultimately, higher revenue. According to a recent survey, brands with loyalty programs generate nearly 60% more revenue per member than those without one.
A loyalty rewards program for home and furniture also creates a sense of community and connection between customers and the brand. With personalized offers, special promotions, and exclusive discounts, customers feel valued, appreciated, and more likely to recommend the brand to family and friends. In a highly active and ever-changing market, delivering a loyalty program can be a key differentiator for the brand, leading to stronger customer relationships and increased business growth. Let us examine some of the major challenges faced by Home and Furniture retailers.
Challenges
Home and Furniture retailers face multiple challenges which have increased multifold post the COVID-19 pandemic:
Loyalty Rewards Program For Home And Furniture by Zinrelo
Zinrelo’s loyalty rewards program for home and furniture industry helps brands to reward their valuable customers with exclusive discounts, free shipping, early-access to sales, limited edition products, and many other perks. This not only increases customer retention but also helps in attracting new customers. By offering them a personalized loyalty experience through our platform, customers feel valued and appreciated, thus, creating a close-knit relationship with the brand.
With our advanced analytics and AI-powered recommendation engine, brands can better understand customer behavior and preferences. This helps in creating personalized rewards for customers and targeting them with the right marketing campaigns. Our platform is fully customizable and offers various integration options, making it easy for brands to set up a reward program in a short time and scale it as needed. Start creating loyalty that holds true customer value with Zinrelo.
Below are some facets of Zinrelo’s loyalty programs for Home and Furniture 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 Home and Furniture
To illustrate what a loyalty program for Home and Furniture could look like, we have taken the example of Fab Home and Furniture. Below are examples of a typical client loyalty dashboard for a Home and Furniture company. The best Home and Furniture 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
Zinrelo’s loyalty program enables the customers to acquire Reward points by engaging in shopping, taking part in promotions and referrals. Furthermore, it also allows them to tailor the experiences to their liking.
Loyalty Rewards
A variety of rewards are available for customers to redeem using their accumulated points, including discounts, free shipping, gratis products or services, gift certificates, donations to charity, and many other options.
Loyalty Rewards
A variety of rewards are available for customers to redeem using their accumulated points, including discounts, free shipping, gratis products or services, gift certificates, donations to charity, and many other options.
Loyalty History
A screen on the dashboard has been designed specifically to allow customers to easily view their history of rewards and points.
Loyalty Tiers
Customers can reach higher tiers and receive better services by making additional purchases, leading to an enhanced emotional connection and sense of significance.
Loyalty Tiers
Customers can reach higher tiers and receive better services by making additional purchases, leading to an enhanced emotional connection and sense of significance.
Benefits with Zinrelo
+80%
Repeat Sales
2.4X
Revenue Per Customer
+50%
Profitability
14X
Customer Retention
Think Holistic Loyalty. Think Zinrelo.
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Multi-Dimensional Approach from Transactional to Emotional
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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.