These days customers are educated, knows how to do comparison shopping and just a click away from the competitors. In today’s economy when customers are looking for save as much as possible, customer loyalty programs or reward programs are more important than ever. Remember, for any business, it costs more money to get a new customer as compares to getting revenue from your existing customer.
There is no doubt about the fact that every business needs new customers but the easiest way to get more sales/revenue is from your existing loyal customers who knows your company/brand and the products/services that you offer. So, it is quite important to make sure that your loyal customers who are buying from your store instead of going to competitor’s site are being rewarded.