It seems every organization these days has a loyalty program, whether it’s relevant or not. But to be successful with any loyalty program, it’s important to first examine the question of why. Does it benefit the consumer? The business? Does the organization actually realize profits from treating customers differently based on how frequently or how much they’ve purchased? A 2012 study conducted by Merkle through Bellomy Research found that a majority—66 percent—of consumers say that....

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