31 minutes | Dec 22nd 2020

AMP 216: How to Use Rewards Programs to Build Customer Loyalty Like the Best Brands Around With Matt Baglia From SlickText

How do marketers bring customers back to maximize revenue? Loyalty programs build customer devotion and retention by incentivizing repeat business. Buying becomes a habit. Today’s guest is Matt Baglia, co-founder and CEO of SlickText, an SMS marketing platform. If a loyalty program makes sense for your business, Matt talks about what it takes to make a loyalty program work as a growth lever.   Some of the highlights of the show include: Why loyalty programs matter? 20% of company’s customers make 80% revenue Brand Champions: Pay attention to their interests, what they’re buying or not What is a loyalty program? Distinct difference w/two purposes—register, rewards Customer Behavior: Value-add messages give customers a reason to return Getting Started with a Loyalty Program: Step 1: Understand clientele Step 2: Incentivize customers Step 3: Talk and listen to customers Step 4: Select a loyalty service Growing a Loyalty Program: Interaction: Ask, are you a member of our loyalty program yet? Incentivize: Join loyalty program by providing value Integration: Plugin pop-ups and other online opportunities for information Marketing Metrics: Subscription velocity, click-thru links, opt-out rates, check-ins Do’s/Don’ts: Get permission to send messages, or face legal ramifications   Links: Matt Baglia on LinkedIn SlickText Ben Sailer on LinkedIn CoSchedule   Quotes: “Research shows that 20 percent of a company’s customers will typically make up about 80 percent of their revenue.” Ben Sailer “You have a small cohort of your best customers, and it’s really important that we’re paying attention to what they’re doing, what their interests are, what they’re buying, what they’re not buying, how they’re buying, and make sure that we communicate and market to them appropriately.” Matt Baglia “When we think, loyalty program, we actually think, ‘Register for our loyalty program and earn points towards rewards’.” Matt Baglia “The value is very, very simple. For us, it serves two purposes. One, we need to get people to come back, and in order to do that, we need to give them a reason to come back.” Matt Baglia
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