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3 Key Loyalty Program Statistics Every Small Business Owner Needs to Know


Guy showing Rewards


1. Loyalty applications boost revenue

Did you know that a whopping 90% of companies have hopped on the loyalty program train? It's the trend that's sweeping across all sectors, and it's not just buzz—it’s backed by solid results. We're talking about boosting revenue by 15-25% annually just from the members of these programs . I mean, come on, who wouldn't want a piece of that pie?!


2. Loyalty applications help boost profits

But wait, it gets better. Turns out customers who are snug in a loyalty program are more likely to spend more moolah with your business. 95% of those feeling cozy with a brand will open their wallets wider, and this is crucial for us because existing customers can generate up to 65% of a company's business . That’s right, keeping your regulars happy is a surefire way to keep the cash register singing!



 

The third installment shows how cash back apps can drive loyalty to Black owned Businesses.

 





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3. Loyalty applications attract new customers

People working together

Now, if you're thinking that loyalty programs are all about points and rewards, you’re only scratching the surface. These bad boys helps businesses grow. Word of mouth is still the most effective way to grow your business. So businesses that are involved with loyalty programs that engage customers people are willing to talk about them. Customers with an emotional relationship with a brand are 71% more likely to recommend the brand to others. This means you will get new customers at a faster rate. Talk about a game-changer!



And if you're itching to learn more and get started on this path to customer devotion and business growth, visit our website. Trust me, this is your golden ticket to creating lasting relationships with your patrons and fattening up that bottom line. Check it out, and let’s grow together! 🌟🚀





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