How Merchant-Funded Rewards Work
How Merchant-Funded Rewards Work So, you have been tasked with increasing member benefits without increasing cost. That proposition sounds impossible to do, right? What if I told you that not only could you do that, but you could also turn a profit at the same time? Merchant-funded rewards might just be the way to reach your goal. Added Benefits Merchants are all fighting for their piece of the online shopping pie. The commissions merchants are Read more …
What is the Value of a Customer Loyalty Point?
What is the Value of a Customer Loyalty Point? If you want to put a dollar value on a loyalty point, it is from .4 cents to 2 cents, depending on the program. While a monetary way is one way to look at the value, it is not the only one. As a child, I would often ask my father how much something was worth. His answer was almost always the same. He would say Read more …