Loyalty Program Businesses in UAE are expanding exponentially touching the next level to satisfying their customers not only with products/services but offering more through customer loyalty rewards as a gratuity to retain existing customers influence them to connect with the business again for purchases in the future becomes the challenge for the businesses.
Loyalty programs in UAE are most useful for customer retention. Additionally, it helps to earn more than 90% of revenue from existing customers without spending much on marketing.
Customer Loyalty Program That Are Preferred More By The Customers:
Consumers love to buy products or services they are searching for to fulfill their needs. So, businesses must research consumers’ behavior, types of products they are preferring to use, so services that benefited customers’ choices. According to the data, businesses can apply for several customise loyalty programs & recommend selecting simple, finely customise, & personalise loyalty programs to satisfy consumers’ expectations. Because consumers don’t want to respond to any complex or long-run loyalty programs that aren’t beneficial for them at all.
Businesses in Dubai, UAE region, face difficulties for customer retention as 44% of consumers feel long complicated loyalty programs are too hard to earn. 17% of consumers do not find appealing benefits from complicated loyalty programs; also 9% of new businesses avoid leave long complicated loyalty programs.
Yegertek is one of the best loyalty reward software providers in Dubai, UAE, which offers to select simple & easier loyalty programs to get connected with existing customers to generate revenue.
Most Popular Loyalty Programs & Best For Business In Dubai/ UAE 2022:
The most popular 7 loyalty programs beneficial for both businesses consumers:
1) Earn Points Programs:
With each expenditure, customers are benefited by getting a few reward points to spend in exchange for their purchase in the future. Payment applications, banks, finance applications, & eCommerce platforms offer their customers this sort of loyalty program.
Here, consumers can pay their bills or purchase any products or services for a certain amount so they earn points & use them to deduct those loyalty rewards for making another purchase.
2) Cash Back Loyalty Programs:
Cash backs are a bit more familiar to consumers as it was started using long ago there for earning points, consumers spend a certain amount on the business to earn a cashback. So this cashback depends on spending, such as spending & earning more. More often, financial or transactional apps offer this loyalty.
Businesses also offer to earn cash backs from paying their bills through these apps.
3) Punch Card Loyalty Programs:
Several businesses use punch cards to provide a few special offers as customer rewards. By offering these loyalty punch cards, businesses influence their customers to connect with their business. When they use the card for their purchase, they can earn a little amount of cashback or reward points. They can use those as an exchange for their purchase.
4) Tiered Loyalty Programs:
Tiered loyalty program is a chain of programs from which members get benefited merchandise each time they spend some amount crossed the desired amount to earn points.
These points uplifting their tier with each of their purchase so more a member will spend, the more they’ll be benefiting from this loyalty program to earn more.
5) Coalition Loyalty Programs:
This sort of loyalty program has become popular nowadays as customers love to go with the brands they love to use. Brands offer points that can be use during purchasing from other brands or businesses.
eCommerce businesses mostly use these coalition loyalty programs to encourage customers to purchase from different brands & stay connected with the same eCommerce platform for a long time.
6) Premium Loyalty program:
Premium loyalty programs are design to engaged customers 24*7 for 365 days. These are paid loyalty programs that provide both instant & long-term benefits.
For Example: A few precious finery businesses offer their loyal customers to invest a little each month. After reaching the target amount, the business provides or discounts the making charge of the particular piece of the item the customer gets happy in the long-term.
7) Hybrid Loyalty Program:
Integrate with more than one loyalty program to target to engage different affinity customers. Businesses offer loyalty rewards based on customers’ purchase history & their preferences. read more about hybrid loyalty program
How Does Loyalty Programs In Dubai/UAE Beneficial For Businesses Consumers?
Loyalty programs are considering the best marketing tactics to engage more existing customers along with attracting new consumers. Simplified loyalty programs are transparent, appreciate, & beneficial to consumers & businesses as well also, these loyalty programs are the way to build trust in businesses to get consumers engage in the long term.
Loyalty rewards like cash back, reward points, etc. Encourage consumers to purchase more at their comfort & use digital payment; additionally, consumers can engage with the business 24*7 for 365 days by using digital payment & online purchase.
Yegertek helps businesses to be benefiting from more engagement of existing consumers also, collect data for future marketing through effortless & customise loyalty programs.
It also encourages Brands target to gets a large number of consumers through loyalty rewards; on the other hand, brands are getting access to consumer data from two-tier, three-tier, or small cities too.
We offers Valuable membership loyalty programs to target high value customers & control their budget by not spending on each customer but only spending on the paid members.
Yegertek will be the best choice for businesses that are seeing to grow, engage more by applying for loyalty programs. Contact our experts that do the rest for your business betterment.