MyRewards is a loyalty program designed to reward customers for their interactions with a brand, whether through purchases, referrals, or engagement activities. Participants earn points or credits that can be redeemed for exclusive discounts, free products, or other benefits, creating a more personalized and rewarding shopping experience.
This includes:
- Awarding points or credits based on customer actions
- Managing reward statuses and redemption options
- Offering tailored incentives to encourage ongoing engagement
MyRewards programs aim to strengthen customer relationships by fostering repeat business and brand advocacy. By using MyRewards, businesses can boost customer retention, increase purchase frequency, and improve overall satisfaction.
MyRewards is a valuable tool for brands seeking to enhance loyalty and obtain actionable insights into customer behavior, ultimately driving both short-term and long-term revenue growth.
Foster Long-Lasting Relationships to Drive Incremental Business
Case Study
Automotive: Accelerating customer retention and sales growth
Automotive distributor Stapletons, were looking for a highly effective way to engage with customers and maximize relationships while safeguarding loyalty and influencing purchasing decisions to increase revenue.
See how 360insights created an immersive incentive promotion platform, that rewarded independent garages and wholesalers for their purchases.
This award-winning program produces a 4400% return on investment and sees a 177% increase in active users YOY, increasing transactions by 175%.