Sunday Times : Rewards & Loyalty 2016 RewardsAndLoyalty2016 | Página 80

[ G E T T I N G S TA R T E D ] Before even considering investing in a loyalty programme, there are basic considerations to take into account, according to Jake Orpen, managing director of insights agency Nudge. “Businesses should consider other aspects of basic customer management and the overall experience,” he says. “For example, think about your relationship with your cellphone provider. Do you really care about a loyalty programme when there are more important things affecting your loyalty, such as price, service, a call centre that can actually help, a bill that is actually correct or even a phone in stock?” On the “earn” side of the programme, the brand needs to ask whether customers will be prepared to shift their behaviour, and how many points are needed to do so. On the “burn” side, consideration should be given to customers’ preferred redemption options, including cash, discounts, products, services, VIP status or better service. Of course, not all businesses have the internal expertise to establish these programmes and they may need to rely on external help. “We set up our programme ourselves,” says Foster, “but we are supported by external specialists. For other organisations, I recommend that even if you use external advisors, it’s always a good idea to have some internal capability who has your organisation’s best interests at heart, and has to live with the outcomes of the strategy once implemented.” On the other hand, Burnstone recommends contracting the experts rather than starting from scratch internally – unless there are people on your team who have experience from elsewhere. “Once you invest in a programme,” he says, “you will create negative goodwill if you pull it, so you have to get your numbers right and your strategy right, so it’s worth getting in consultants. Lots of brands try to do it internally, but meet with mixed success.” However, he echoes Foster’s sentiment when he says, “but you should also grow capacity internally.” BUILDING THE PROGRAMME DOES THE PROGRAMME DELIVER? Orpen says there are two cornerstones of every loyalty programme – how customers earn points and how they burn points. Once the programme is established, it is vital that it delivers on its objectives and continues to evolve. “While customers are being rewarded for engaging with and buying the company’s products, they also want that personal touch, so relevance is key,” says Foster. Burnstone argues that it is also worth considering reasons that a programme might not work, which include cultural misalignment with the business; a large organisation working in different silos and trying to drive different behaviours, so that a group-wide programme might not speak to all requirements; poor staff buy-in; not giving enough away to drive meaningful behavioural change; or customers believing the programme is just an opportunity for spam. However well the programme might deliver, all the experts agree that it is never acceptable to rest on your laurels. The programme will need to evolve and reinvent itself to stay current – both in terms of the customer’s needs and the business’s. “You’ll need to conduct day-to-day listening to your customers, run research, carry out focus groups, understand their preferences, and review your programme on an annualised basis to establish whether the numbers make sense,” says Simões. “But also bear in mind that people don’t like change, so if you’re reinventing it, make sure that you are also making it more meaningful.” ■ GET THE BRAND RIGHT BEFORE REWARDING WHY ESTABLISH A LOYALTY PROGRAMME? According to Jake Orpen, MD of Nudge, there are typical objectives for organisations launching loyalty programmes: • To retain customers or reduce churn; • To increase usage (recency, frequency or value of spend); • To drive customer referrals; • To create a platform for upselling and cross-selling products; • To alter behaviour (e.g. Vitality encourages you to eat better, gym, manage your stress); and • To acquire demographic data, personal data, product usage data. 78 R E WA R D S & L O YA LT Y S A TEN GUIDELINES FOR DESIGNING AN EFFECTIVE LOYALTY PROGRAMME According to Amanda Cromhout, founder and CEO of Truth, these are the key features of a well-designed loyalty programme: 1. SIMPLE • It must be easily understood by customers. • It must provide a seamless customer experience. 2. TRANSPARENT • No hidden or complicated rules. 3. SUSTAINABLE • Can it continue operation into the foreseeable future? • Will it be successful? • Will it attract members? 4. REWARDS BEHAVIOUR • Does it reward the behaviour you seek? • Will it drive the behaviour set out in your strategy? 5. INCLUSIVE • Is it open to all customers? • Do they have to pay for membership? 6. HOLDS BRAND VALUE • Does it match your brand value? • Does it meet your brand requirements? 7. LOVED • Is it loved and understood by your staff? • How do your frontline staff react to your programme? Do they believe in it? 8. REWARDS • Does it offer meaningful rewards? • Are your rewards perceived as valuable? 9. DATA • Does it collect data? • Does it use your customer data to drive insight and value? 10. PROFIT • Does it drive incremental sales and profit? In the print edition of Sunday Times Rewards & Loyalty SA, this sidebar was incorrectly attributed to Steve Burnstone, CEO of Eighty20 in the magazine. We regret the error, and apologise for any confusion and inconvenience caused. Steve Burnstone, CEO of Eighty20, advocates international research as well, as South Africans will soon follow global trends. Millennials in particular, he says, are interacting differently with brands, and brands ar