Rebates are here to stay. Over 70% of Americans take advantage of rebates every year. Rebates are a clear favorite among all different kinds of companies, incentivizing purchases, encouraging desired behavior, and increasing brand advocacy. A good rebate program will include rebate management technology, easy rebate redemption, and a strong support system. Companies with effective rebate management are able to analyze program results, improve ROI, and eliminate overpayments. In order to ensure a successful rebate program, it is worth considering working with an established rebate program management service. Working with rebate program management experts allows companies to focus on their business, knowing their rebate program is in good hands. Rebate incentive program providers allow for long-term cost savings and efficiency, along with higher participant satisfaction and access to essential program technology. Additionally, rebate and fulfillment support service providers can help you navigate rebate laws and redemption rules. Rebate laws and redemption rules tend to vary from location to location, and local legislation may end up dictating the types of rebates you can offer. With Rebate experts on your side, like our team at All Digital Rewards, you will be able to ensure that the programs you need are implemented while […]
Tag: Analytics
Loyalty Program Do’s and Dont’s
When it comes to loyalty programs, companies are struggling to figure out what works and what doesn’t to inspire loyalty in customers for their brands. Customer incentives have never been harder to define. According to a recent study from Experian, three out of four (75%) U.S. companies with loyalty programs generate a return on investment. This clearly shows a benefit for most companies who spend money on loyalty programs. There is no denying that loyal customers are more profitable than acquiring new customers time and time again. Actually, according to Experian, 69 percent of U.S. companies with loyalty programs track the lifetime value of each customer for an average value of $1,803. However, getting to the point of customers returning time and time again to shop with their favorite brand is easier said than done. Should brands offer fuel rewards? Or would points off groceries work better? Marketers have to get customers involved and eventually have them advocate for their brands by sharing products on social media and referrals! Below is the ultimate marketer’s list of do’s and dont’s of loyalty programs. Customer goal setting is beneficial for setting either a timeline or a call-to-action. This can be done through […]
Top 7 Reasons Your Prepaid Card Rebate Program is Weird
Prepaid card rebate programs are hot right now. Multiple industries are trying to set this program up for customer incentives because it actually works! However, companies are struggling because they are making crucial errors that make their card and reward inefficient and, frankly, a pain in their customer’s butts. Imagine a mail-in rebate of $50 on a $40 video game. Only $10 for the newest edition, and you think to yourself, “I need that.” So you write out a check and mail it in as quickly as you can. You mail it in and patiently wait. Months go by, you don’t receive your check, you’ve written those angry letters, but no luck. There could be hundreds of reasons the company didn’t send that check. But you’ll be sure to never do business with them again. Read on for 7 reasons why your prepaid card rebate program is failing. There are many different strategies to begin a prepaid card rebate program. Is your system manual or automated? Is your only reason to use rebates for the breakage or slippage? Rebates are an awesome way to generate new leads and sales, but the start-up cost of the soon-to-be-discounted price and the cost […]
