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Nerd Alert: Do Loyalty Programs Work?

Nerd Alert: Do Loyalty Programs Work?

FromThe Marketing Architects


Nerd Alert: Do Loyalty Programs Work?

FromThe Marketing Architects

ratings:
Length:
9 minutes
Released:
Jun 27, 2024
Format:
Podcast episode

Description

Welcome to Nerd Alert, a series of special episodes bridging the gap between marketing academia and practitioners. We’re breaking down highly involved, complex research into plain language and takeaways any marketer can use.In this episode, Elena and Rob discuss how loyalty programs boost spending, especially among light and moderate buyers, when tailored rewards are offered. They learn that customizing incentives based on purchasing habits can enhance a program’s effectiveness.Topics covered:   [00:50] “The Long-Term Impact of Loyalty Programs on Consumer Purchase Behavior and Loyalty”[02:30] Loyalty program’s influence on buying patterns[03:15] The difference between light, medium and heavy buyers[04:50] Immediate rewards… for light buyers?[07:15] Loyalty programs resemble a botanical garden To learn more, visit marketingarchitects.com/podcast  Resources: Liu-Thompkins, Yuping. (2007). The Long-Term Impact of Loyalty Programs on Consumer Purchase Behavior and Loyalty. Journal of Marketing - J MARKETING. 71. 19-35. 10.1509/jmkg.71.4.19.  Get more research-backed marketing strategies by subscribing to The Marketing Architects on Apple Podcasts, Spotify, or wherever you listen to podcasts. 
Released:
Jun 27, 2024
Format:
Podcast episode

Titles in the series (83)

Introducing a research-first podcast that builds revenue, not condos.Answer questions on the biggest marketing trends and news with discussions based in marketing, psychology and economics research. Along the way, learn about marketing accountability, category leadership, brand-building and much more.Featuring a team of experienced marketers whose blueprints for success are marketing strategies actually proven to work.