Unlocking loyalty

Article

Unlocking loyalty

Building lasting relationships beyond transactions

In today's world, loyalty is more important than ever before. Consumers are overwhelmed with choices, and as a result, brands are competing fiercely to capture their share of the market. The loyalty landscape is rapidly evolving, and consumers now expect brands to be more relevant to their needs, making it more competitive than ever before.

By Nicholas Pinfold, Benthe Maertens-Gommers, Wouter Slotenmaker and Anne-Sophie van Galen

A new age for loyalty

To succeed in this environment, brands must differentiate themselves to capture the hearts, minds, and wallets of their consumers. Loyalty is not a new concept, and it has been around for centuries. However, as consumer expectations change, companies need to reconsider how they can differentiate themselves from their peers to drive engagement and retention with their customers.

Consumers want to be in control, and they want a mutually beneficial relationship with the brands they interact with. This relationship comes in many forms and ideally over time. When positioned and activated correctly, this can increase member engagement, loyalty, and ultimately improve revenue and profitability. Consumers feel inspired, engage with the brand in the channels they prefer, and receive offers, products, and promotions that are relevant and targeted. The frequency and relevance of communication also meets their expectations.

At Deloitte Digital, we understand the importance of loyalty, and we have conducted years of consumer research and market experience to create a proprietary model that maps the most important loyalty levers. Our maturity model evaluates companies quickly across a set of loyalty levers to determine their current offerings' pitfalls and biggest gaps to invest in for a more differentiated and competitive loyalty offering.

Build long lasting relationships beyond transactions

 

Download the infographic

Stand out from the crowd

It's time for brands to differentiate themselves from their peers, and Deloitte Digital's loyalty maturity model can help them achieve this goal. Our model highlights the various ways loyalty is evolving, the key differentiators that can set a program apart, and how to create enterprise value. We have created an infographic that outlines these essential components of a successful loyalty program, and we encourage you to check it out above.

 

If you're interested in learning more about how to differentiate your loyalty program from your competitors, please get in touch with our expert team. We can help you create a loyalty program that not only meets but exceeds the expectations of your customers, driving engagement, retention, and profitability.

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