Many acquisition programs have a high cost factor versus the reward to the customer or are based on breakage model type offers that are difficult for customers to redeem, or the offer doesn’t meet the customer’s expectations once they receive them. In these cases you actually cause negative impressions for your company.
Customer Retention/Loyalty
Companies spend a tremendous amount of time, energy and money to obtain a customer but don’t always focus on retention or building a loyalty, that will increase the overall lifetime value of each customer for the company. Typical loyalty programs tend to be complicated, requiring extended time to be implemented, are expensive and often don’t provide the customer with compelling incentives to change behavior patterns.
Employee Benefits and Incentives
Because any meaningful reward for employees is expensive most companies cannot afford to implement an employee benefit and or incentive program. To add insult to injury when a company does implement a program, they tend to set the bar for reaching an award too high because of cost, making it difficult for the employee to earn rewards.
The Rewards CashSM Advantage
Low Cost to Value
Permits you dramatically increase the value of Rewards CashSM awarded to your customers and employees for pennies on the dollar. The increase in perceived and real value coupled with ease of customer use is the advantage of Destination Rewards over other more expensive acquisition and loyalty programs.
Many acquisition programs have a high cost factor versus the reward to the customer or are based on breakage model type offers that are difficult for customers to redeem, or the offer doesn’t meet the customer’s expectations once they receive them. In these cases you actually cause negative impressions for your company.
Permits you dramatically increase the value of Rewards Cash