Reduce your reliance on discounting
Posted: Tue Feb 04, 2025 8:13 am
How LoyaltyLion can elevate your food and beverage brand
Provide exclusive rewards to keep members engaged
The novelty of receiving a specific item/service every month can quickly disappear, especially when it’s a recurring cost for customers to justify. With LoyaltyLion, you can create subscriber tiers in your loyalty program that offer exclusive rewards (beyond just discounts) to keep customers engaged for longer. Think experiential rewards like being the first to try a new product or being invited to a community event.
Many food and beverage brands fall into the trap of using regular discounts to retain their customers. With LoyaltyLion, you no longer need to dangle discounts every week. Offer perks to cayman islands telegram screening your subscribers like free shipping or free product rewards (a great way to shift excess inventory) so that they feel like VIPs and are incentivized to keep subscribing.
Drive more revenue from your subscribers
Your subscribers are a unique segment of your customer base. They are far more likely to be opted in and engaged than your average customer, and with LoyaltyLion you can use this opportunity to generate extra revenue.
Ensure that within the first three months of someone subscribing, you let them know that they could unlock points in exchange for a review. This is when they are likely to be most excited about receiving your product, so it’s the optimal time to request user generated content. This is also the best time to incentivize a subscriber to refer a friend or family member. They increase their points balance and benefit from a reward sooner, and you acquire a new customer at a lower cost – win win.
Provide exclusive rewards to keep members engaged
The novelty of receiving a specific item/service every month can quickly disappear, especially when it’s a recurring cost for customers to justify. With LoyaltyLion, you can create subscriber tiers in your loyalty program that offer exclusive rewards (beyond just discounts) to keep customers engaged for longer. Think experiential rewards like being the first to try a new product or being invited to a community event.
Many food and beverage brands fall into the trap of using regular discounts to retain their customers. With LoyaltyLion, you no longer need to dangle discounts every week. Offer perks to cayman islands telegram screening your subscribers like free shipping or free product rewards (a great way to shift excess inventory) so that they feel like VIPs and are incentivized to keep subscribing.
Drive more revenue from your subscribers
Your subscribers are a unique segment of your customer base. They are far more likely to be opted in and engaged than your average customer, and with LoyaltyLion you can use this opportunity to generate extra revenue.
Ensure that within the first three months of someone subscribing, you let them know that they could unlock points in exchange for a review. This is when they are likely to be most excited about receiving your product, so it’s the optimal time to request user generated content. This is also the best time to incentivize a subscriber to refer a friend or family member. They increase their points balance and benefit from a reward sooner, and you acquire a new customer at a lower cost – win win.