Sunday Times : Rewards & Loyalty 2016 RewardsAndLoyalty2016 | Page 24

REWARDS AND LOYALTY PROGRAMMES HAVE BEEN AROUND FOR ABOUT 125 YEARS – AND THE NUMBER IS GROWING ALL THE TIME, SAYS KATY CHANCE. THE CURRENT STATE OF LOYALTY AFFAIRS R   ewarding loyalty is not a new idea. In the US, trading stamps, saved and stuck into a booklet against which products could be redeemed later, were introduced in 1891. Baseball cards – treasured and valuable collectables to this day – started as trade cards by a sporting-goods company even earlier than that, in 1868, distributed in boxes of candy and tobacco products. However, the company that really ran with the idea of rewarding loyal customers has to be Kellogg’s of Corn Flakes fame. Sources cite the 22 R E WA R D S & L O YA LT Y S A Kellogg’s Funny Jungleland moving-pictures booklet being introduced in 1909. While its delivery format changed – from being handed over by grocers when two boxes of cereal were purchased to a premium mail-in offer – it was a success for a full 23 years. According to Deon Olivier, executive director of Tritech Media, Protea Hotels’ Prokard was the first loyalty offering in South Africa, introduced in 1983. “Reward and loyalty programmes originated in the US travel industry,” says Olivier. “The first modern frequent-flyer programme was launched by United Airlines in 1972, followed by Texas Airlines in 1979.” In South Africa, loyalty programmes have mushroomed in the past two years, with more than 100 now in existence. Most offer some reward in the form of promotional currency, whether it’s “miles, beans, bucks, points or stars”, says Olivier, “which are redeemable for a growing bouquet of products and services.” These programmes run the full gamut of consumer sectors and include grocery, health and beauty, general retail (and many larger retailers now overlap in these three categories), credit cards, banking, insurance, medical aid, travel and hospitality, restaurants and fast-food outlets. According to Olivier, the total monetary value of loyalty programmes in South Africa is hard to pin down, but “our conservative estimates are that no less than R20-billion a year is invested in loyalty and customer clubs.” OPTIONS ON THE TABLE Most loyalty programmes in South Africa and globally are linked to consumer spend, which seems logical and with which members usually have no quibble.