CLUB IQ May2017 | Page 35

This is not a revolutionary idea. Airline frequent flyer programs, for example, all have tiers called something like bronze, silver, gold and platinum. Different benefits attach to the different tiers. Building an effective tiered loyalty program needs information. The sheer volume of data captured by gaming systems, has allowed the operator to look at an installation from many different perspectives, particularly that of the player. This data is now providing information about other data-or ‘metadata’ as it is now known as. Metadata is the by-product of any successful loyalty program. It can be the club manager’s best friend. The increase in carded play derived data allows the operator to make purchase and design strategies that are predicated on the analysis and interpretations of said data. A venue without a loyalty program compared to a successfully managed tiered loyalty program could be described as Data vs Metadata, or in layman’s terms - David vs Goliath - only this time Goliath prevails! of what, where and when certain gaming machines work, and equally as important,don’t work. Analysis based solely on game performance invariably results in a one dimensional, rather than the more ideal multi-dimensional view of the relationship between player and gaming machine. The greater the pool of carded player derived data, then the more the likelihood that you can effectively cater to the market sentiments. Don’t get left behind A successful venue, loyalty driven or not, can over time head towards an almost complacent approach in the overall management of the venue, particularly of their gaming installation. If you don’t have a person who can oversee, manage, report on and ultimately react to the changing market you will eventually find yourself scrambling in a bid to regain lost market share. The game of ‘catch-up’ is now in play! Sound familiar? The good news is; it is NEVER too late ask for help. When you better understand the profile and wants of a profitable member, you can target your new member recruitment programs more effectively too. Never forget that loyalty is an ongoing objective at the very heart of your gaming and marketing activity. Give Marianne Doyle CEO, a buzz on 0422 656 637 or marianne@ buzzconsultants.com.au Buzz Consultants – Gaming and Loyalty Solutions www.buzzconsultants.com.au “Implementing your new tiered loyalty program is the beginning, not an end in itself.” Ongoing value Implementing your new tiered loyalty program is the beginning, not an end in itself. The great trap in any change program across all industries is the tendency to declare success as soon as the program is up and running. In reality, the launch of your program is just the beginning. Effective loyalty programs are a conduit to a better understanding FOR MORE INFORMATION PLEASE CONTACT Marianne Doyle [email protected] Phone (02) 9420 9572 • Mobile 0422 656 637