Average Annual Savings for an Engaged Loyalty Program User
The amount of money saved annually through a loyalty program can vary greatly depending on the program, the user’s spending habits, and the rewards offered. However, below is a general breakdown of how savings may accrue for an engaged loyalty program user.
Discounts and Promotions: Many loyalty programs provide members exclusive discounts and promotions unavailable to the general public. These discounts can range from a percentage off purchases to buy-one-get-one-free deals. The savings from these discounts depend on how often the user takes advantage of them and the value offered.
Points or Rewards: Loyalty programs frequently award points or rewards for every purchase you make. These points are in your control and can be redeemed for discounts, free products, or other perks. The amount of savings from points or rewards depends on how much you spend and how effectively you redeem your points, giving you the power to maximize your savings.
Special Offers and Bonuses: Some loyalty programs offer special bonuses or rewards for meeting certain milestones, such as making a certain number of purchases or spending a specific amount of money within a given time frame. The savings from these special offers depend on the program’s specific bonuses and the user’s ability to meet the requirements.
Exclusive Benefits: As a member of a loyalty program, you’re not just a customer; you’re part of an exclusive club. You may receive benefits such as free shipping, priority customer service, or access to exclusive events. The amount of savings from these benefits depends on their value and how often you take advantage of them.
The annual savings for an engaged loyalty program user can range from a few dollars to hundreds of dollars or more, depending on the program and the user’s level of engagement. We’re here to help you provide your members with a customizable loyalty program. Contact YCS Group®to get started on your loyalty program journey.
