Loyalty Points Program
A loyalty points program is a rewards system offered by businesses to encourage customers to continue purchasing from them. Here's a brief overview:
What is a Loyalty Points Program?
A loyalty points program is designed to reward customers for their repeat business. Every time a customer makes a purchase, they earn points based on the amount spent or specific actions taken, like referring a friend. These points can then be redeemed for discounts, free products, or other incentives, depending on the program's structure.
Key Features of a Loyalty Points Program:
-
Earning Points: Customers earn points for each purchase or activity, such as referring friends or sharing on social media. The points typically accumulate over time.
-
Redeeming Points: Once a customer has earned a certain number of points, they can use them to get discounts on future purchases, free products, or other rewards.
-
Referral Incentives: Many loyalty programs include a referral component, where customers can earn additional points by bringing in new customers.
-
Expiration of Points: Loyalty points usually have an expiration date, encouraging customers to return and use their points within a specific period.
-
Tiered Rewards: Some programs offer different reward levels based on the amount of points earned, incentivizing customers to reach higher tiers for better rewards.
Benefits for Businesses:
- Increased Customer Retention: By rewarding repeat purchases, businesses can build customer loyalty and encourage customers to return more often.
- Word-of-Mouth Marketing: Referral rewards encourage existing customers to bring in new ones, expanding the customer base.
- Higher Average Spend: Customers may spend more to earn more points, increasing the business's overall sales.
Referral Rewards
Reward your customers for spreading the word! After their order is delivered, a referral link will be sent to them. When their referred friend successfully receives their first order:
- The referring customer earns 10.0 points.
- The referred friend also receives 10.0 points.
Earning Points
Customers will earn 5 points for every ₹100 spent on our platform. Accumulate points with every purchase and watch your rewards grow!
Using Your Points
You can use up to 60.00% of your earned points on every order, maximizing your savings on your favourite products.
Point Expiration
Please note that loyalty points will expire after 1 year, so be sure to use them before they’re gone!