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The Convenience Retail Loyalty Playbook – Chapter 9: Rewarding With Points

Paula Thomas, Chief Content Officer, Liquid Barcodes

02/17/2020

The Convenience Retail Loyalty Playbook has been written to help retailers using our loyalty platform to get the best possible results from their loyalty program. Summarized from Chapter 9, this video explains our best practice guidelines on launching and running a successful loyalty program using points as the mechanic or format. 

Connection cycle

Interested in reading more? Check out more of the loyalty playbook’s chapters below: 

Chapter 1: Introduction 
Chapter 7: In-Store Excellence 
Chapter 2: Customer Connection Cycle
Chapter 8: Rewarding With Stamps 
Chapter 3: How to Wow (Part 1 & Part 2
Chapter 9: Rewarding With Points
Chapter 4: Recruiting Members 
Chapter 10: Success with Subscriptions 
Chapter 5: Engaging Your Members 
Chapter 11: How to Effectively Analyse Your Loyalty Program
Chapter 6: Powerful Promotions 
Chapter 12: Operating Your Loyalty Program Successfully 

Convenience Retail Loyalty Playbook

We love to share our knowledge! Explore the full Convenience Retail Loyalty Playbook by downloading it here 

Reward with Points

Another popular mechanic for loyalty programmes worldwide is to use “points” as a currency instead of stamps.  As well as being well understood by consumers, points give you complete flexibility to recognise and reward in different ways, depending how much different customers are spending with you.

However points programmes are sometimes seen as less exciting than other loyalty models, so it’s important to build an exciting calendar of promotions to keep your members engaged. This chapter includes all of our favourite ideas and points tactics to help you get the best results from your points programme all year round.

loyalty programmeYour loyalty programme needs both scale and engagement to be successful commercially.

Top Ten Tips for Rewarding with Points

  1. Award base points across the whole store: In order to reward customers in a way they can easily understand, and to be relevant to everyone, it’s important to award points consistently across all of their purchases. We recommend that your programme rewards purchases of fuel, convenience store products, carwash and other services, and that you include both online and offline purchases. It’s also important to allow your members both “earn” and “burn” their points on every category for maximum appeal, of course with the exception of products that are prohibited by law. In most countries around the world, this includes tobacco, alcohol and lottery cards. Our points platform has been designed to allow you complete flexibility, so you can independently manage the points allocation on each category to reflect the margin you have available and the way different products are sold, so you can reward fuel purchases per litre, and other purchases based on the purchase value in local currency, so base points can be set per euro, per dollar etc.
  2. Award Points on the Amount Spent. While many points programmes in the past awarded points based on customer visits, this has declined dramatically. With an objective of leveraging your loyalty programme to drive customer life time value, awarding points based on visits often caused delays at the point of sale, with members attempting to earn multiple points for a single visit by paying for items separately.  By awarding points based on spend, you can recognise and prioritise those customers who spend more with you. It’s fairer to them and a better business strategy for you.
  3. Reward Other Great Behaviours that Build Your Business. Alongside the transactions your customers make with you, there are ways they can support your business and these are important to incentivise, track and reward too. As well as their purchases, you can use points to reward them when they sign-up to your programme, refer a friend to join or shop with you, share more of their profile with you, answer surveys, as prizes in your games or even when they share your content. Their birthday is also a great time to award extra points to a member as a small unexpected gift and independent of their transactions. With this strategy, you can effectively build advocacy and encourage your members to become an ambassador for your brand, and reward them for their non-transactional behaviours.
  4. Create Customer Tiers. While every customer deserves to be rewarded and recognised, it’s nonetheless essential to know your top customers and treat them even better. By creating different tiers, your staff can automatically recognise both good and great customers, and you can treat them in different ways too. For example, you can show better offers to your higher tier customers that others cannot see. Secondly, tiers can also create an emotional connection with your most valuable members who realise that they are being included in a smaller, exclusive community. By showing these members that you value them more, they become even more loyal to you in return.
  5. Award Higher Base Points for Your Priority Members: A key benefit for both your customer and your business is the ability for your to award higher “base points” to your higher tier customers. By giving valuable “always-on” benefits such as double points for silver or gold members, you ensure your members aspire to move to higher tiers, and are even more determined to stay there too.

points programmeA points programme should be easy to understand and reward a whole range of behaviours

6. Build in Generous Bonus Periods: Whether it’s a new product, new season or simply to drive year-round engagement, make sure you plan a full calendar that features key campaigns when members earn double or triple the normal “base points” they typically earn. This drives increased footfall at key times of year, as well as compelling communications with members, who are always keen to know “what’s in it for them”. 

7. Create Compelling Points Campaigns on Categories and Products. As well as awarding bonus points at certain times of year, you can award bonus points on specific products or categories. These smaller campaigns can easily be financed by suppliers because of the power and potential to drive increased sales and brand awareness for them. 

8. Ensure Rewards are Accessible and Exciting: Once loyalty programme members successfully redeem a reward by burning points they’ve earned over time, they then start to spend more, trust you more and even recommend you more. In the past, some programme owners discouraged rewards redemption to minimise their costs, but successful programme operators now realise it’s the reward that drives future profitable behaviour and an increase in your customer lifetime value. Our points-burning feature allows you to set specific conversion rates for rewards in different categories, so you can highlight hero products that have a greater margin as more “affordable” and easy for members to claim. Make sure your members realise that your points are valuable as a currency, just like cash.

9. Better Burn Rates for Better Customers. Another way to build exclusive benefits for  higher tier members is to make rewards “cheaper”. You have full flexibility to show your gold customers a lower level of points, and you can set up better conversion rates on specific products if you choose to. For example you can set preferential rewards rates in your shop, but maintain consistency for all members on your fuel rewards.

10. Allow Your Customers to See Better Benefits to be Unlocked.  It’s worth showing all of your members the benefits of achieving your top tier, so why not show how much easier it is to earn their rewards at higher tiers. It’s a great way to increase your share of your customer’s wallet. By shopping with you more, they benefit more, and they will be inspired to achieve silver or gold status when they can see that there’s a benefit waiting to be unlocked and enjoyed.

points programmeA Points Programme Can Truly Delight Your Customer When Used Effectively

Checklist for Rewarding With Points

As another simple and powerful tool in the world of loyalty marketing, we believe that points offer you incredible flexibility and fun. Make sure to use our checklist below to ensure every points tactic is included in your plans and that you’re set up for success.

Checklist for Rewarding With Points

About Us:

Liquid Barcodes is a leading global loyalty and digital marketing technology company specialising in the convenience store and foodservice industries. Our proprietary cloud-based technology platform allow retailers to create and manage their digital marketing campaigns with a proprietary process we call the “customer connection cycle’ to engage, promote and reward customers activities in real-time across digital and media channels.

How we do it:

We have developed the most advanced loyalty and digital marketing technology platform specifically for convenience store and foodservice retailers globally.

Retailers use our self-service dashboard to create and manage loyalty driven marketing campaigns that increase purchases with their existing customers, as well as effectively target and acquire new customers through partners or paid media channels.

One core component of live loyalty is gamification. We have gamified branding, loyalty and promotions. We believe this approach is essential in order to get customers’ attention and ultimately truly engage them with repeatable actions thereby winning their loyalty.

Check out some of our exciting/proven results here:

www.LiquidBarcodes.com

About Me:

Paula Thomas

Chief Content Officer, Liquid Barcodes and Loyalty Industry Podcaster

With over twenty-five years marketing experience, I specialise in loyalty marketing consulting, managing consumer loyalty propositions, strategy and operations. In addition to working with Liquid Barcodes, my clients have included Telefonica O2 Priority, Three Mobile, Electric Ireland, Allied Irish Bank and The Entertainer Group (UAE), as well as Avios – the global points currency for some of the world’s top airlines. I am also a former judge for the Loyalty Magazine Awards and host of the “Let’s Talk Loyalty” podcast.

 


Blog post

Lessons in Loyalty: Rewarding With Stamps

Keep customers engaged and happy with loyalty program stamp rewards. 

Blog post

Lessons in Loyalty: In-Store Excellence

Executing a personalized loyalty strategy ensures each store visit is efficient and includes moments of gratification.

Blog post

Lessons in Loyalty: Powerful Promotion

Promote a rewarding loyalty program that prioritizes personalized value to ensure members feel valued, and appreciated.

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Lessons in Loyalty: Engage Members

An important component to having a successful loyalty program is to develop a powerful plan to engage with your members.

Blog post

Lessons in Loyalty: Recruit Loyalty Program Members

The first step in a successful loyalty program is to recruit a robust, loyal membership base with an effective recruitment strategy. In the ongoing exploration of loyalty programs, this article focuses on the pivotal first step in the Customer Connection Cycle: recruiting members. Establishing a robust and loyal membership base is paramount, and this article outlines […]

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Lessons in Loyalty: Customer Connection Cycle

The Liquid Barcodes Customer Connection Cycle Explains Six Key Components to Operating a Successful Loyalty Program

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Lessons in Loyalty: Easy, Empowering, and Engaging 

Invite higher sales with a loyalty program that is easy, empowering, and engaging.

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Lessons in Loyalty: Clear, Compelling and Consistant Programming

Engage customers with a compelling loyalty program that is clear, compelling, and consistent.

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Liquid Barcodes: Elevating Retail Experiences

Liquid Barcodes is a proud partner to global retailers using revolutionary technology to increase sales and grow customer engagement.

Blog post

Unlock Customer Loyalty: Choosing the Right Rewards Program for Your Business Goals

Loyalty reward programs attract new customers, keep them coming back, and increase sales, and can be tailored to meet specific goals.

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Increasing Customer Engagement With Loyalty Programs

From basic discounts, points, and perks, to more advanced strategies like subscriptions and mobile payments, loyalty programs allow retailers to compete in today’s fast-paced retail landscape.

Blog post

Liquid Barcodes Connects at 2023 NACS Show

Liquid Barcodes exhibits at the 2023 NACS Show showcasing its app-based loyalty, subscription, and payment solutions.

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The Refreshing Perks of Beverage Subscription Programs 

Beverage subscription programs offer convenience retailers the benefits of enhanced customer loyalty, a predictable revenue stream, customer data, and a competitive edge.

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FastLane Sees Success with Monthly Subscription Car and Truck Wash Program

FastLane becomes the newest retailer to join the subscription economy by offering monthly subscriptions for car and truck washing.

Blog post

Beverage Subscriptions Improve Foodservice Sales

Implementing a beverage subscription program will boost customer spending on foodservice items.  Consumers visit convenience stores to do three main things: get gas, use the restroom and buy a drink. As prepared food becomes the norm in convenience stores, give your customers an offer they can’t resist with a beverage subscription program.

Blog post

An Introduction to Subscription Programs

Subscription programs ensure recurring revenue by recruiting customers and enhancing the overall foodservice offer Subscription is a big buzzword referring to any recurring or prepaid program that is delivered or available on a regular basis. 

Blog post

Circle K Norway Wins NACS Convenience Retail Technology Award 

Circle K Norway wins the prestigious NACS award for technology innovations, including car wash subscription program powered by Liquid Barcodes. NACS awarded Circle K Norway’s leaders with the NACS Convenience Retail Technology Award at this week’s NACS Convenience Summit Europe in Dublin.

Blog post

Maxol Wins Customers and Awards With Loyalty App

Irish retailer Maxol celebrates a year of success with their award-winning loyalty app. Maxol’s loyalty app has been rewarded for excellence with the prestigious “2023 Loyalty Launch of the Year ” award at this year’s Irish Loyalty & CX Awards.

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Sunshine Gasoline Leads Industry in Technology Adoption

Florida retailer Sunshine Gasoline leads the U.S. convenience industry with app solutions for customer convenience and loyalty.

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What Is C-StorePay?

Liquid Barcodes’ proprietary C-StorePay makes paying for fuel, in-store merchandise, and subscription programs convenient for customers, reduces credit card fees for retailers, and integrates easily into existing loyalty programs Announced in October 2022, the revolutionary Liquid Barcodes C-StorePay product rose to the top of retailers’ 2022 wish lists at the NACS Show, even achieving a […]

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Save Thousands in Credit Card Fees With ACH

Visa and Mastercard announced an increase in interchange fees earlier in the year and retailers are taking action and sending a message by migrating their customers to new solutions, including mobile app-based ACH payments, and in the process increasing profits by not only reducing credit card fees but also boosting loyalty via innovative app-based incentive […]

Liquid Barcodes

Put a rocket under your loyalty program

With our loyalty platform, we help design and operate world-class, tailor-made subscription and reward programs that make sure your customers always come back.

Book a Demo →

We are trusted by global brands.

Convenience retailers all over the world have engaged and rewarded consumers with our tailor-made loyalty programs.

To our case studies →

Liquid Barcodes
Liquid Barcodes
Liquid Barcodes
Liquid Barcodes

Convenience retailers all over the world have engaged and rewarded consumers with our tailor-made loyalty programs.

To our case studies →

Liquid Barcodes
Liquid Barcodes
Liquid Barcodes
Liquid Barcodes
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