Customer acquisition and customer retention remains key in the current world business environment as firms compete to gain and maintain customers. Another yet very simple approach that can be used in an attempt to foster customer loyalty is developing the membership card program. There are several advantages to giving your most loyal customers VIP cards, which will help you increase sales and continue to bring in business in the future.
What You Need to Know About a Custom Membership Card Program
A custom membership card program means that there are some specially designed identity cards to be made for targeting your repeat, heavy spending, and all other types of valuable customers. These cards act as a status symbol which qualifies the holder for privileges, discounts, and quality services from your business. The card itself should contain the logo of the company together with the name or number of the member, if any.
This means that membership cards are helpful in improving the bond between your brand and the customers who contribute significantly to the overall revenue. A membership program gives you the opportunity to appeal to customers individually, making them feel special and wanted and showing commitment to offering the best services for those with the membership cards.
The Power Of Exclusivity
This makes membership programs to be psychologically appealing since they enable the creation of an exclusive club. Your target customers should have a sense of exclusivity by ensuring that you issue cards to a limited chain of clients, thus making them loyal. It is evident that wherever there is competition or monopoly, the question of perceived value is always on the high side.
Membership brings the feeling that being a customer is different from being just a single face among millions, and that one is part of the VIP list that is rewarded with privileges that are not given to the public. If the proportions of people who can get the membership cards are strictly controlled, then the cards themselves become valuable, sought after assets. It should be possible to feel that anyone can turn into a card-carrying member of the establishment in the foreseeable future due to regular orders in the long run.
Membership comes with certain privileges and rewards that are not afforded to normal customers.
Regarding your membership card, what tangible privileges do your cardholders get to experience? The rewards that are incorporated on the cards will definitely influence the extent to which the decision to buy will be shifted and loyalty developed. Typical membership perks include:
- Coupons, which can be periodically used, such as 10-20% off each time a product is bought
- Free applications (customers ten visits, they will be given one for free).
- What’s new and special offers for those who shop in the store.
- Such services as priority in handling,
- Privileges or unique opportunities that are related to being a member, for example, being allowed to attend a particular event.
Incentives include providing certain products or services to clients that can be obtained only with the help of a membership card. Design member perks that are as specific to your niche as possible, and which will truly be of great benefit for its members. As long as the incentives are sufficiently compelling to alter purchasing patterns and encourage frequent reattendance among the association members, this should not be a problem.
Other Methods That Can be used to obtain information on big spenders
When designed, a custom membership program has incidental advantages when implemented, apart from opening up the door for better treatment of cardholders. The fact of how it is done manually as per the customer criteria rather than being issued automatically is that the organization can identify and nourish information regarding the whales which are those customers who contribute a significant proportion of the total sales.
Some additional advantages membership cards offer include:Some additional advantages membership cards offer include:
- Getting to know the top tier buyer personas seeking the space more intimately, including their interests, needs, and behaviors post-sign-up
- Direct marketing to what you can guarantee is a captive market, a market of heavy spenders.
- Membership entitles a business to attend some events where they get to meet other members and market their products or services.
- Collecting information and input from the source itself – fans of the brand
Therefore, the efforts to establish membership initiatives that are customized as a means of increasing loyalty will also result in a better understanding of the organization’s premium customer base.
Starting a New Program to Make Changes
If starting a membership program sounds enticing but complicated, keep a few guidelines in mind for smooth execution:If starting a membership program sounds enticing but complicated, keep a few guidelines in mind for smooth execution:
- It also advised that specific guidelines should be established for the selection of members who ought to be awarded the member tag. That’s why defining base qualifications shouldn’t include concepts like ‘number of dollars,’ ‘purchases,’ ‘length of time a customer has been a member,’ etc. However, the standards should still be high but achievable.
- Make sure the benefits catered to members holding the membership card are concise and logical with only 3-5 flagship exclusive advantages. Avoid diluting offerings.
- Target inform others in-store, at your corporate website, and anywhere key purchaser will learn that membership is available. A certain degree of W-o-W can be created when W-o-W is just a part of the word-of-mouth communication; however, there has to be some pre-designated areas primarily informing the target customers.
- Membership sign-up, frequency of card use, and renewal must be as easy as possible to ensure a high usage rate. Remove any barriers that are associated with the process of joining this program or the process of ‘collecting’ the rewards.
- Make sure that staff is trained to respond and serve cardholder requests accordingly. VIPs usually feel frustrated if their expectations are not met in the agreed time frame.
Introducing some thought and effort to establish a properly conceived membership card program with jazzy rewards and clear communication to all the staff and customers improve the prospects of success.
Ensure It Is Easy for Other People To Identify Those That Are Members
Apart from listing the benefits of being a member, the actual membership cards must have different designs from those of ordinary customer or loyalty cards. Employ these tactics with membership card design:Employ these tactics with membership card design:
- Position member designation where it is easily noticeable with uses of words such as “Premium”, “Elite” or “VIP”.
- Do away with traditional plastic identified cards and instead employ metal identified cards to reflect high end status.
- Use customer’s name and or account number instead of card numbering so that customers feel unique .
- Add foil stamping as a superior design feature for the final product
- Brand the cards brazenly by utilizing logos for the exclusive membership program and artwork.
The gradual impact of membership card presentation should feel of being up and the act of pulling out the card or producing the card should be an honor for the customers.
Therefore, adapt to evolving customer expectations as they absorb new information and learn about products and services.
Loyalty, as a concept, is not without its risks: the most significant of which is stasis. Of the promotions and incentives that captivate customers at first, which ones may fade in time and bring disappointment after months and years? One should avoid the issue of membership card program fatigue by actively soliciting feedback from customers about the utility of the benefits offered and constantly experimenting with new exclusive offers and additions. As some members are long-term, they should be allowed to contribute to the way the program is run.
Smart contemporary organisations understand that the key to their survival is the word of mouth clients and those who have deep pockets. This means that if one can keep such members who are highly dedicated up and running while pursuing the deals will definitely ensure success and sustainability of the brand. When you set out to distinguish between the real VIPs with membership cards and their benefits, then you are already on your way to creating the hard-core loyalist who helps in the creation of sustainable revenues.