Loyalty Programs and the Four Common Types of Incentives

You manage a company and want to reward your clients and attract new ones. Emerging trends in marketing best practices confirm that incentive-based marketing is a crucial tool. More than ever, consumers are inundated by choices during their purchasing process, and rewards programs offer a unique shopping experience and encourage repeat business. With the fierce competition in the industry, it’s important to develop a loyalty program that’s worthwhile for customers. Rewards issued from the accumulation of points related to purchases is an efficient method, but what are the concrete options in the market once it’s time to give back? Let’s explore the four main categories.