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The Power Of A Loyalty Program In A Small Business

<p style&equals;"text-align&colon; justify&semi;">You’ve heard of customer loyalty programs before&comma; but you think they’re just a tactic that big businesses use to beat out their competition&period; This just isn’t true&comma; though&excl; Small businesses can reap major benefits from starting a customer loyalty program &&num;8211&semi; sometimes the perks are even greater for small businesses than larger ones&period;<&sol;p>&NewLine;<h3 style&equals;"text-align&colon; justify&semi;"><b>Increase Professionalism<&sol;b><&sol;h3>&NewLine;<p style&equals;"text-align&colon; justify&semi;">Any business&comma; big or small&comma; looks more pulled together and professional when they have tried-and-true programs in place&period; Loyalty programs reward repeat customers&comma; which helps the business to increase earnings&period; It’s a simple&comma; effective strategy for all businesses regardless of their size&period;<&sol;p>&NewLine;<h3 style&equals;"text-align&colon; justify&semi;"><b>Retaining Customers vs&period; Gaining New Customers<&sol;b><&sol;h3>&NewLine;<p style&equals;"text-align&colon; justify&semi;">According to Entrepreneur&period;com&comma; it costs a business less to keep current customers than to find new ones&period; This is especially important for small businesses &&num;8211&semi; owners may not have the income &lpar;especially at the beginning&rpar; to spend on attracting new customers&period; For a beginner business&comma; customer retention can mean a huge amount of dependable income&period;<&sol;p>&NewLine;<h3 style&equals;"text-align&colon; justify&semi;"><b>Beat the Competition <&sol;b><&sol;h3>&NewLine;<p style&equals;"text-align&colon; justify&semi;">It’s not always easy to get ahead of the competition&period; With a customer loyalty program&comma; small businesses can stay in the game&comma; even when big business is trying to corner the market&period; Loyalty programs also help smaller businesses show a side of themselves that bigger businesses often hide &&num;8211&semi; personality and relatability&period;<&sol;p>&NewLine;<h3 style&equals;"text-align&colon; justify&semi;"><b>Cost is Low<&sol;b><&sol;h3>&NewLine;<p style&equals;"text-align&colon; justify&semi;">Customer loyalty programs don’t end up costing the business owner much&period; Plastic Card City&comma; a small online business dedicated to providing customer loyalty resources&comma; has a very light weight&comma; but effective customer loyalty system&period; This card company has designed a system that uses plastic cards and a simple software application to drive return customer rates up&period; Click here to learn more about their loyalty strategy&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">Digital rewards and other types of services cost a small amount per month and they don’t require the business owner to spend too much time setting everything up&period; Since you’re saving on setup&comma; you can offer better deals for your customers&comma; which will increase their chance of sticking with your brand&period;<&sol;p>&NewLine;<h3 style&equals;"text-align&colon; justify&semi;"><b>Potential Customers Have a Reason to Try Out Your Business<&sol;b><&sol;h3>&NewLine;<p style&equals;"text-align&colon; justify&semi;">Let’s say you just opened up a coffee shop&comma; but there’s a big chain cafe across the street&period; Since they offer a customer loyalty program&comma; their fan base is going to continue to get their coffee from your competition&comma; even if they don’t love how it tastes&period; If your product is better and you launch a loyalty program&comma; your customer base won’t have any reason to not make the switch&excl;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">Since it’s so simple and practically free to start a customer loyalty program&comma; it’s hard to think of a reason why a small business owner wouldn’t want to give it a shot&period; Thanks to technology&comma; these programs are a cinch to work out&comma; setup and monitor &&num;8211&semi; no printing expenses or annoying punch cards required&excl;<&sol;p>&NewLine;

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