Sunday Times : Rewards & Loyalty 2016 RewardsAndLoyalty2016 | Page 42

LEADING THE WAY IN LOYALTY IT’S NO SURPRISE THAT SUCCESSFUL BRANDS HAVE LOYALTY PROGRAMMES THAT REFLECT THEIR POPULARITY. KATY CHANCE LOOKS AT WHAT MAKES THEM TICK. “W e are such a diverse country that ‘one size’ does not fit all when it comes to loyalty programmes,” says Steve Hoban, general manager of Pick n Pay’s Smart Shopper programme, the largest in South Africa in terms of membership at more than 10 million. Smart Shopper was launched in 2011 and started out as a points-based scheme. “In 2013, we refreshed the programme, after listening to our customers, by introducing instant in-store savings, which offer an extra 10% cash off hundreds of items in store and cash-off vouchers; creating partners for customers to spend their points with; launching a mobile app; and introducing till slips that showed customers their rewards balances. In 40 R E WA R D S & L O YA LT Y S A 2014 we personalised the programme further by introducing our Just For You voucher programme.” Partnering with diverse brands is popular too, particularly in the banking and financial services sector. FNB’s eBucks Rewards is a “multi-partner programme” that, says programme CEO Johan Moolman, “aims not to sign up as many partners as possible, but rather attract the right partners who will add value for our members”. Indeed, the days of going it alone are over. Programme owners are increasingly partnering with brands that have good brand equity and appeal. The premise is people want to accumulate rewards in the shortest time possible, and relationships with partners give them that opportunity. With some retail partners, customers can “double dip”, as is the case for people using their Standard Bank cards at Clicks (a partner) where they can benefit from both the Standard Bank UCount and the Clicks ClubCard programmes. So-called double dipping is also possible though eBucks’ partnership with Dis-Chem. eBucks Rewards was launched in October 2000 at the height of the dot.com boom, to underpin the bank’s early adoption of a digital strategy. It was revamped in July this year to focus on creating added value for FNB and RMB Private Bank customers, by rewarding them for positive banking behaviour. “We feel it is an ongoing necessity to revise our offerings to ensure longevity of the programme,” says Moolman. “For a programme to succeed it needs to offer real value to its membership, either catering solely to a single demographic, or, like eBucks Rewards, be varied enough to reward members across a wide variety of demographics,