What are customer loyalty programs and how do they work?
Customer loyalty programs are marketing strategies designed to encourage repeat business by offering rewards to customers.
What types of rewards can customers earn?
Rewards can include discounts, free products, exclusive access to events, or points that can be redeemed for various benefits.
How can a business implement a loyalty program?
A business can implement a loyalty program by defining goals, choosing a reward structure, and using technology to track customer engagement.
Are there any successful examples of loyalty programs?
Yes, companies like Starbucks and Sephora have successful loyalty programs that significantly boost customer retention.
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