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Did you know that it costs 5-25x more to acquire a new customer than to get an existing one to buy again? This is why loyalty programs are a game-changer for e-commerce stores.
I’m Daniel Budai, your retention marketing friend. In today’s video, I will share with you the secret to building a solid strategy for loyalty programs backed with data, research, and real-life examples. I’ll also share with you a comparative analysis of the tools my team and I have personally used to run loyalty programs for our clients to help you pick the right one for your business.
Loyalty programs are a great way to incentivize your customers and increase customer retention. Not only do they incentivize your customers to shop more, but they also help drive higher engagement by rewarding active consumer behavior. You can leverage your loyalty program to collect UGC and referrals.
Speaking of retention marketing, I’m happy to share with you that my 3-hour crash course on email marketing is available with a special offer on Skillshare.
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Drop a comment below if you have any further questions about how loyalty programs work.
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