Loyalty Cards
If you have been in business a while, and even if you haven’t, you may have come across loyalty cards or maybe have had customers inquire about your loyalty or rewards program. If you don’t have a loyalty card to offer them or a program they can join, you may be missing out big time on big time profits! The facts are in:- “Loyalty programs can generate as much as 20% of a company’s profits.”
- “The probability of selling to an existing customer is 60-70%.”
- “The probability of selling to a new customer is 5-20%”