Loyalty Marketing Award
Loyalty marketing describes a focus on building retention and advocacy through
incentives, providing marketers with a means to acquire new customers, reduce churn
rates, increase average spend and increase margins. Programmes are geared to
strengthen relationships by offering rewards for repeat business. This award will
recognise businesses that have successfully implemented a customer loyalty
programme, involving the tracking and analysis of individual customer purchases,
development of effective incentives, meaningful metrics and feedback loops, and
resulting in profitable outcomes.