In this article we are going to highlight the difference between two concepts that are often confused with each other. We talk about the differences between conversational bots and Artificial Intelligence.

They are two closely related terms, but in reality they are not at all synonymous. In fact there is a typology of conversational bots that does not rely on AI.

In fact, Artificial Intelligence is a step above, since it is not a tool but an advanced resource to enhance tools and procedures. We will explain this in more detail below.

THE USE OF ARTIFICIAL INTELLIGENCE IN CHATBOTS

To many people it still sounds like something out of science fiction, but Artificial Intelligence is something we all live with much more than we are aware of.

Every time we use something as everyday as an Internet search engine or type any text on our cell phone, we are making use of it in a completely transparent way. Connected devices “learn” from the way we use them, both personally and by extracting usage patterns based on different segments of the population (another very famous concept comes into play here: Big Data).

This, taken to user-machine interaction in the context of eCommerce, has one of its greatest exponents in conversational bots. Thanks to the use of technology, we can achieve advanced systems that provide solutions to increasingly complex queries using natural language and semantically interpreting the intention behind the user’s query.

Moreover, AI enhances an already existing tool, and does so by providing new strategic variants and functions. It directly turns chat into an ally when it comes to converting and closing sales. Undoubtedly, this is the real leap in quality with respect to those versions of bots that do not incorporate the use of Artificial Intelligence.

SO, ARE THERE CHATBOTS WITHOUT ARTIFICIAL INTELLIGENCE?

Yes, and it is something relatively frequent. If we understand as conversational bot a software that is able to interact with a user we can distinguish between the intelligent ones and the ones that use something called ITR (Interactive Text Response).

The latter allows us to configure the tool by setting a series of predefined responses that will be launched by the system according to the user’s questions.

The main difference with those bots operated through the use of Artificial Intelligence is that ITRs base all their effectiveness on what we are able to foresee and define previously. They do not have the ability to learn from the interaction or use the natural language of people, so they are less accurate.

ADVANTAGES OF CONVERSATIONAL BOTS WITHOUT IA

Do not make the mistake of assuming that by using a chatbot that does not incorporate AI, you are dealing with a necessarily basic tool.

On the contrary; if you are working with an advanced solution, the synergies and possibilities are practically endless. In fact, the chatbot does not have this technology, but through its connection via API it allows you to do amazing and really advanced things like tracking orders, displaying a map so that the customer can get directions to your physical store, showing recommendations in the chat co-viewer directly…

The implementation is very fast although it requires a detailed and deep analysis of the circumstances of use in which it is necessary.

This has the enormous advantage of working from the first moment exactly as well as 6 months later. Its effectiveness will always be the same and does not require a “running-in” time to evolve.

They can be somewhat cheaper, although not in all cases, and they do not represent a substantial difference with an AI-supported solution.

ADVANTAGES OF CONVERSATIONAL BOTS WITH IA

They are a living tool, capable of training itself. Thus, their effectiveness increases with the simple passage of time. What’s more, the higher the number of interactions, the better the decision making process.

If we are talking about highly complex technical systems, this is obvious, but one of the best things about these bots is that this is not transferred neither to the implementation nor to the day-to-day management.

The tool is less dependent. It could be used 100% autonomously, but even in cases where Artificial Intelligence is used, the human touch is always advisable for a matter of empathy and the ability to react accurately to new situations.

It also gives us the possibility to attend our public 24 hours a day, which is much more complicated if we need to have staff resources available all day long. We hope we have clarified the differences between conversational bots and Artificial Intelligence.

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We often talk about digital transformation and how its consequences have transformed our daily lives. While this is true, as technological innovations span all fields and offer us new opportunities, first of all, we need to know what this phenomenon truly means and its relationship to data. Thus, digital transformation can be referred to as the application of digital capabilities to processes, products, and assets to improve efficiency, customer experience, manage risk, and uncover new revenue-generating opportunities.

Digital transformation: what it is and its technology

Digital transformation is the integration of digital technology into all areas of an organization, which comprehensively changes the way it operates and delivers value to customers. On the other hand, it also implies a cultural change in which companies must adapt to the context and to the new needs of consumers.

What does this phenomenon entail? Among other things, the redesign of products, processes and strategies through digital technology. In addition, it affects all areas of an organization: supply chain, workflow, employee skills, customer interactions and the variation of the final value.

This digital transformation at the enterprise level makes it possible for companies to meet the needs of consumers at the pace and with the quality they demand. To this end, the emergence of different technologies make it possible to meet these needs, such as cloudcomputing, information technology, mobile platforms, machine learning and artificial intelligence technologies.

In addition, there are other technologies driving digital transformation in forward-looking companies that are interesting to know about: blockchain, augmented reality, virtual reality, social networks and the internet of things (IoT).

The importance of data in the customer experience

Digitization turns processes into data, which allows companies to view their actions and analyze them based on objective facts. Considering that companies are built through processes with the goal of creating efficiency, focus and quality, digital transformation reduces the processes a company does, automates the work to people and turns the process into software.

Data shows that users matter and that customer experience is vital. Thanks to data and the ability to associate it with indicators or problems through analytics, companies can become more efficient and change what they do wrong. In terms of employeexperience, as Up Spain points out, data shows the needs and what is happening with the employee, beyond the organization being able to draw its own opinions.

In addition, data makes companies quick to meet the needs or expectations of customers and employees in an increasingly volatile and competitive market. Therefore, process automation is necessary, transforming processes and making them more reliable, as well as relieving the workload on employees.

From the customer experience, it is not how quickly the organization answers the phone, but how quickly the customer can complete an order. The customer experience and satisfaction lies in the fact that the customer does not need multiple conversations with the organization. The need for a meeting can be done quickly and done once.

Conclusion

The digital transformation brought about by the explosion of data and connected devices is a limitless world of opportunity for organizations, enabling the improvement of the customer experience. Data collection and analysis makes it possible to innovate and generate new ideas to create better products and provide good customer service.

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Identifying the most effective way to build customer loyalty is one of the most intricate tasks for a company. Brands focus their efforts on acquiring new customers, even though this may cost seven times as much effort. A customer who is already familiar with a brand is more likely to buy again if he or she is satisfied.

Therefore, it is important to implement strategies to improve customer loyalty and improve the purchasing process.

Customer retention vs. customer loyalty

Loyalty is one of the most important aspects of a business, there is no doubt about it. To this end, serious efforts are invested in designing attraction strategies (or Inbound Marketing), but unfortunately they are not always rewarded with new buyers.

Regardless of the environment in which you develop your activity (online or offline, or both) it is essential that you maintain a high level of satisfaction, so that your customers never want to leave your side.

The main difference between retention and loyalty is customer engagement. Nuances that “retain” customers are often superficial and less effective. You should not keep customers, they should be the ones who choose to stay. How do you do this? Make sure your products or services meet their needs: sooner or later, satisfied customers will buy from you again.

4 strategies to improve customer loyalty

Building loyalty with existing customers takes time, effort and resources. But when you do, you’ll have many more opportunities to gain your customer’s attention and, ultimately, get more sales.  Here are 4 strategies to improve customer loyalty.

Get to know your customers

People like to be known and to be known. Therefore, customers will be more receptive to organizations that go the extra mile to empathize with them. We need to spend more time strengthening ties with customers to understand their concerns and needs to build a closer, more real relationship that benefits both parties.

Reward their loyalty

There is nothing that serves as a better loyalty weapon than listening to your own customers. A feedback system, such as a satisfaction survey or simply talking to them personally, will help you to know first-hand their opinion about the service you are providing them. This feedback can be the trigger to put into practice brilliant ideas for improvement and innovation that they are throwing at you. Listening has never done so much good.

Surprise them from the first moment

In fact, there are several reasons why these expectations, if met with satisfaction, are crucial to client retention.

– Getting the project to be delivered to the client weeks or even months in advance.

– Eliminating uncertainty. The client will know what to expect and when, which can give them the peace of mind needed to make them feel comfortable doing business with you.

– Having a clear vision from the start can help your company develop key performance indicators (or KPIs) around specific expectations, which will set you up for success.

Be friendly

Combining good service with gratifying gestures to your customers is always recommended. Give a gift or send an email to congratulate your customers on their birthday. People remember when something has surprised us and making that feeling last in time and in your target’s mind is something you can’t pay for with money.

Put these loyalty strategies into practice and start building customer loyalty. The more buyers trust, appreciate and love what you do, the more likely it is that your brand will stand out from the competition.

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A study reveals that most companies from the USA and the United Kingdom are clearly aware of the digital transformation benefits and they make it their number 1 priority for 2022. 

The digital transformation is now a business priority from the top management for most companies from the United States and the United Kingdom. Collected from interviews with 403 executives, the study reveals to what extent the pandemic has served as a catalyst very necessary to adopt the digitals tools and processes that are necessary for a sustainable and resistant business growth.

COVID as a catalyst for the digital transformation

The historic chain of events that followed the designation of COVID-19 as a pandemic,  can last years to be a filled process and understood on the social level. Just then it will be possible to extract the necessary knowledge and formulate the learned lessons to test the elements and operations that were exposed that are more vulnerable that sustain our global society and the institutions that support them.

In the other hand, for world companies, the necessary steps to isolate, eradicate the exposed functional weakness and enhance their proactive capacity in front of the continuous disturbances were presented in real time.

With the understandable exception from companies of the travel and hospitality sector, every company from all sectors that are vertical oriented to the client, faced the constant change of the expectations and needs from the clients had something in common: it reached the digital maturity.

The client experience definition has changed  

In the first three months of the pandemic, the 76% of the consumers had change the channel, to online shopping. Early 2021, the positive client experience definition (CX) had been adapted to include a website easy to navigate, live chat support and 24 hours a day assistance.

This client experience reestablishment is the reason why the 81% of the companies will increase their investment in CX provision in 2022. It is also the reason that for most boardrooms, the key to realign with the consumers and make the investment count is the transformation.     

The digital transformation is the strategic priority for 2022

The 96% of the companies’ leaders have made the digital transformation of the company as a topic of interest for 2022 and the 64% of the managers cited it as a priority for next year.

The corporate appetite for digitalization has been growing in the last 18 months. In the 2020 summer, the digitalization went from being a topic of conversation to a consideration. It moved up the agenda of the managers to the point where the 24% of the global CEO’s identified the digitalization of the operations and the basic business processes as their number one priority and the other 20% situated it in the second place. 

This priorities change is the reason why the brands are already taking concrete steps on this transformation journey. One of every five CEO declare that their company can be considerate digital-first and the other 36% of the companies had passed the proof of concept phase and the digitalization pilot at the end of the first quarter of 2021.

A clear competitive advantage

The study also makes clear the tangible benefits of the digitalization and that the brands that prioritize the digital are already enjoying its competitive advantage.

For example, one of every four companies leaders respondents for the study reveals that the y have established speech and text analytics and data mining and the 36%  had gotten to a point where it could tap into enough different data sources to make real time adjustment in their CX offering.

And what is more important,  one third of the included companies in the survey sample group already share the data and information across the company, at an operational level and not only in the executive strata.

Until data is democratized in this way, it will be impossible to leverage information or empower all employees to share ideas and the knowledge that can continue to drive a business.

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Users expect to solve their problems faster each time and in a more effective way. The technologies have made us used to the immediacy without sacrificing quality. The need to solve incidents of a different nature for the same product and serve a large number of users in a personalized way is becoming more and more common. It is for all these needs that HelpDesks have become an obligation for any company that offers technological products or that wants to start a process of digital transformation.

These help desks, as they are also called, help us coordinate technical service teams, allow us to storage data on incidents that occur and they automate processes whenever is possible. The result is a faster and more efficient service, both for the user and for the organization.

HelpDesk: more productivity and better communication

The function of any HelpDesk begins when the user requests help through a ticket system. Data such as the date and time of opening the incident or other information provided by the user are archived in this file.

All of that allow us to:

Reduce dedication time: The stored data of already solved incidents allows future problems to be solved quickly, by being able to recover an already proven and effective solution.

Improve communication between user and technician: Opening the Ticket creates an online space where the user can describe their problem and provide additional information such as photographs, invoices, etc. The technician updates the ticket with the incident status and closes it when it is already solved, therefore, both can use the ticket to search relevant information.

Monitoring of results: Statistical data can be obtained from each of the actions that are generated, both from communication with the user and from the actions carried out and the time spent, in order to generate future improvement actions.

Increase the efficiency of the technical service: The HelpDesk organizes the incidents and redirects them to the most qualified team member to resolve them, which directly influences the time spent and the quality of the incident resolution.

Establish service levels: Service levels can be created to deal with incidents of different complexities, automating the process for those that are less complex.

Identify work peaks: The tool extracts data related to the volume of incidents to anticipate the need to expand the team.

Improve user satisfaction: As the processes are streamlined, the user has a good perception of the service provided. This is reflected in the satisfaction surveys.

The storage of data on tickets and incidents produced allows us to develop improvement plans to avoid or reduce future incidents. In addition, the HelpDesk collects detailed information that allows you to create a knowledge base about the product and act accordingly.

Users will be increasingly demanding with customer service, therefore, having a HelpDesk will be necessary to generate trust in consumers, optimize time, processes and human resources for technical service, and, ultimately, become in a digital and competitive company.

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Whether for economic reasons, due to a lack of qualified staff or to guide their efforts entirely to the business, many companies choose to hire outsourced services or Outsourcing, for the execution of processes and activities related to the technology area. For this reason, today we want to tell you about some of the key advantages of IT Outsourcing or outsourcing of IT equipment and services.

The Society for Resource Management (SHRM), conducted a survey of more than 800 executives from the United States and Latin America from various companies, to find out the main reasons for outsourcing.

The survey revealed that more than 33% of hirings are based on human resources and the possibility of having qualified personnel at a lower cost. In 26% and in accordance with the previous point, the reduction and control of operating costs is due.

Another 23% prefer to focus on meeting business objectives and 18% hire these services to reduce risks and increase efficiency in their operation

WHAT ARE THE KEY ADVANTAGES OF IT OUTSOURCING OR OUTSOURCING IT EQUIPMENT AND SERVICES?

1- Reduce and control operating costs

By outsourcing IT equipment and services, the company eliminates the costs associated with hiring personnel, updating courses, health insurance, taxes and retirement plans, among others. The savings obtained by eliminating the cost of hiring an IT team is interesting.

Often this team does not have all the knowledge necessary to solve problems, so the company incurs eventual expenses for hiring experts to solve problems.

In this way, by hiring an IT outsourcing firm, the company will no longer have to worry about hiring technicians, paying collaborators, labor charges, solving problems, optimizing problems, etc. All this will result in a reduction in costs.

2- Mitigate risks and increase efficiency

By hiring highly experienced, multidisciplinary and certified IT teams and services, you do not improvise, do not waste resources and ensure your operation. Consequently, it improves processes, reducing risks and increasing the efficiency of your company. Risks are always present in any organization.

Market variations, competition, new government regulations, expenses and investments in technologies, all these factors are constantly changing. In IT outsourcing, the service provider assumes and manages the risks.

3- Qualified human resource at a lower cost

Delegating IT management to specialized providers allows companies to have efficient technology platforms and qualified human resources at a lower cost, which translates into increased competitiveness and reduced labor costs.

In the case of software-as-a-service SaaS services, contracting parties can also reduce the costs of licensing programs and acquiring the necessary hardware to manage network tasks when using business applications over the Internet.

This reduction in the number of equipment, such as servers or data warehouses, is reflected in the costs of refrigeration, electrical energy, technological renovation and rental of physical space.

4- Quick access to state-of-the-art technology

Outsourcing allows small and medium-sized companies to have state-of-the-art technological solutions that were previously reserved for large conglomerates, thereby reducing the competitive gap in terms of efficiency and investment. These initiatives include online services on demand and cloud computing.

5- Greater focus on business objectives and strategies

In IT outsourcing, the supplier is the one who manages the team that will develop solutions for the company (manage, integrate and automate IT processes). This ensures that the company is exclusively dedicated to its core businesses, focusing on strategy to stay highly competitive.

You already know the advantages of outsourcing your IT services. Do you want to know how MST Holding is generating value for its clients? Learn about our services at www.mstholding.com

It has become one of the most important departments for companies and for this reason, in recent years, the call center or contact center sector has continued to grow. Regarding the customer experience, the call center is the most important operations center with which to connect with the customer.

Resilience and adaptation to the new paradigm have made contact centers the strategic point for customer service in the most difficult moments of the health crisis experienced since 2020. All this would not have been possible without the technological developments adopted in these centers, which have made possible the care of thousands of consultations with a greater increase in demand.

Because contact centers are the nerve center of customer service, and consequently, of the customer experience. That is why improving the customer experience from the call center is necessary for all companies.

HOW TO IMPROVE THE CUSTOMER EXPERIENCE FROM THE CALL CENTER?

•  Minimize waiting time: It is one of the biggest concerns of customers when they need to make a query, resolution time and waiting time. Thanks to the automation of the most repetitive tasks, these waiting times are reduced, as well as the response can be almost immediate. In this way, queries that require humane treatment and actions of greater value are received by telephone service agents.

•  The customer chooses the channel: omnichannel is already a reality, having different contact channels has become an essential objective of today’s companies, since, in addition to speeding up queries, they allow the customer to contact by the means in which feel more comfortable or adapt to your personal situation. This and other trends will help solve problems more successfully.

•  Analyze customer feedback: Contact centers receive endless information on a daily basis valuable to customers. With the integration of artificial intelligence solutions, such as text or voice analytics, the agent has help to provide a quality and effective solution. Likewise, this analyzed data represents an advantage over the customer experience map, since it provides a clear vision of the present and future needs of our customers.

Improving the customer experience from a call center is essential for companies, since this nerve center provides the necessary keys to meet customers and encourage loyalty, through an improved service adapted to their needs.

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Customers behaviour has changed in recent years, with greater facilities to compare products and services, even with the appearance of portals dedicated to such comparisons, and thus make the best purchase decisions. This means that factors such as quality or low prices are not so decisive in attracting or retaining customers, but rather the experience of customers and how they interact with brands prevails. For this reason, the applications of voice channels in customer service have evolved so much in recent times.

As Artificial Intelligence tools become more accurate and can engage in natural conversations, they will help improve customer satisfaction and therefore retention. Call processing solutions such as Interactive Voice Response (IVR) can be leveraged to make decisions and take action based on customer insights gained from previous calls. In fact, as several reports already indicate, 76% of customer service professionals prefer voice channels for complex cases. We are going to see the benefits of how voice communication applications can improve customer service, in addition to reducing its costs.

SAVING RESOURCES BY AUTOMATING THE MANAGEMENT OF CALLS

Thanks to automation, it is possible to attend 100% of calls 24/7, reducing waiting time to zero and offering predefined responses to the most common requests. AI is presented as the technology capable of taking on this task, and thus freeing up time from human agents, although without totally dispensing with its presence in this type of task, both to offer the best personalized service and when carrying out activities supervisory or focused on adding qualitative value to the service. So much so, that by 2022, 45% of the repetitive tasks of companies will be automated and/or accelerated, according to Spanish statistics.

OFFER THE BEST EXPERIENCE TO USERS

The customer experience, or customer experience (CX), is considered a decisive factor for business success and represents a competitive advantage for businesses. So much so that the Software Business Techno graphics survey highlights that 53% of European companies have assured that investing in customer experience tools has been one of their priorities during 2021. The IVR service combined with artificial intelligence (AI) directs the automatically calls the right team, department or person to deliver the best response, improving efficiency and speed of response. Thus, one of the main keys for a differential customer experience is satisfied: helping companies to understand and know what the user is like, how they want to reach them and what values they want to transmit to them.

OPTIMIZE BUSINESS INTELLIGENCE

The automation of tasks in a contact center carries with it an important challenge: quickly analyze all the available data to make beneficial decisions for the call center. The business intelligence technology will allow agents to access statistics and user data and convert them into useful information that, later, the IVR will be able to customize to route calls according to the stored data or the new data provided by the customer’s call, directing them directly to the most suitable agent for the resolution of your query, being one of the key applications for customer service.

IVR MANAGEMENT FROM THE CLOUD

The pandemic and the rise of digital services are making the cloud the backbone of new digital experiences. So much so that global cloud revenues will rise to 474 billion dollars in 2022, compared to 408 billion in 2021, as many studies indicate. The implementation of the IVR software is possible without the need for large investments in equipment. In addition, its management is very easy and intuitive from an online control panel that can be accessed from any device. Cloud-based virtual agents help automate interactions between businesses and customers. Powered by AI, by autonomously handling routine and repetitive tasks, increasing the time for agents to spend on handling more complex calls.

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In any company or organization is always necessary to attract new customers, but without making the mistake of no retaining the already existent. It is known that it is more difficult to acquire customers than to retain them, also in the economic aspect. That’s why; to carry out a good customer loyalty program is essential.

The idea behind the implementation and adoption of a customer loyalty program is to increase the profit interchanging between a company and their customers. To do this, you have to have the advantages clear in case the plan is implemented. Despite being a big brand, Mango is the perfect example of a successful case in the customer retention.

WHAT DOES A BUSINESS ACHIEVE WITH A CUSTOMER LOYALTY PROGRAM?

According to statistics, with the provision of a rewarding incentive, 75% of customers are more likely to make a second purchase.

COST SAVINGS AND BETTER SALES POTENTIAL

Business owners are aware that only happy and satisfied customers will stick with their brand. Hence, they apply customer loyalty programs. This makes retention a more profitable approach than acquisition.

USER TRUSTED REPUTATION

A company depends on the reputation it builds among customers. Trusting loyal customers to write reviews and make good comments online for your business can boost your brand image. Social media and websites are efficient platforms to market your brand and commercial products, building a trusted reputation for users.

SPREAD THE GOOD WORD OF MOUTH

When you offer rewards and incentives that attract and keep loyal customers, they will surely invite their friends and family. So you’re getting word of mouth to a variety of potential customers when your loyal customers share details with people they know, including family, friends, and colleagues.

KEEP LOYAL CUSTOMERS

Finally, an important benefit of offering a customer loyalty program is that customers will prefer to buy products from your business when they know that incentives await them. Once you offer desirable rewards and rebates to customers for their purchases, they develop a connection with the brand.

 

8 ELEMENTS TO START A CUSTOMER LOYALTY PROGRAM

 1. Find the best possible name for the program

A good name not only stands out from the rest, it must relate to the needs and requirements of the customers. The basic premise of a customer loyalty program is to arouse their interest and curiosity.

2. Evoke deep meaning in the show and its name

Customers will only opt for a loyalty program if they think it will benefit them. You must make your loyalty program not be seen simply as a tool that chains customers to your business.

On top of that, your customer loyalty program needs to make sense. It must make sense to customers and add value to the business’s shopping experience. You have to choose the right time to present the program and market its benefits.

3. Offer incentives through a variety of customer actions

Making the program effective will depend on how you will reward customers. Will you only reward them for making a purchase? Or will you reward them for other consumer actions such as reviews, social media profile engagement, and content sharing that enhances brand reputation?

You should reward all types of customer participation for a holistic loyalty program, be it promotional offers or discount codes.

4. Plan different types of rewards

For the customer loyalty program, it is best to introduce a dynamic range of rewards and incentives. You have to spark creativity and work on the best possible ideas to include attractive rewards for the most customers, not just discount codes, for example.

A practical example of a reward from a customer loyalty program is the provision of loyalty points. You can let customers accumulate points and then let them choose between free products, movie tickets or privileges through mobile applications.

5. Add value to customer loyalty points

Make it worth the time and money that customers invest in your company. If you think a customer enjoys shopping at your business, you can present them with loyalty points. These are meant to be a marketing tool that drives the customer back to make more purchases. If you provide loyalty points that customers can collect for different types of rewards, customers will visit your store more often.

6. Introduce non-monetary incentives for loyal customers

You don’t always have to provide monetary rewards to customers for their efforts, including good word of mouth and repeat purchases. To help your business grow and keep customers happy in every way, you can also rely on non-monetary incentives. For example, show solidarity with customers because of the difficulties they are going through or get involved in a social movement if you consider it fair.

7. Allow registration through various links

It’s best to promote the benefits and let existing customers know about the loyalty program you’ve introduced. More importantly, you need to provide different enrolment methods within your loyalty programs.

For example, some of the most prominent business leaders in various industries allow customers to enrol customers in the loyalty program through credit/debit purchases.

8. Develop partnerships for inclusive incentives

For example, another company may collaborate with yours to attach their product as an incentive for you to engage with customers through the loyalty program. While customers will see this as a good deed, it will also allow you to form trusted partnerships in your quest to acquire more customers.

MORE PRACTICAL AND EFFECTIVE CUSTOMER LOYALTY PROGRAM IDEAS

As a small or medium business, you need to stay creative in the market. This is because not all growing businesses enjoy a massive increase in sales or profits. In addition, the largest companies have constant financial influence in the market, which allows them to perform great marketing tricks.

Because of that, small businesses have to figure out plans and create customer loyalty programs in a way that helps them stay agile and grow their customer base.

Here are some common forms of leverage that companies use to facilitate the success of customer loyalty programs:

• Free trial services.
• Subscription to newsletters (email address).
• Point systems.
• Referral programs.
• Partner programs.
• Loyalty discounts.

CONCLUSION

In any case, the customer experience must be a priority and a fundamental pillar of a customer loyalty program. You can’t risk creating a customer loyalty program that has no value in the eyes of customers and doesn’t make their buying process interesting or rewarding. No customer loyalty program works overnight to attract customers to the business. But, with the right efforts and incentives in your customer loyalty program, you can retain a large proportion of your customers.

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