Remember, owning your data is important
The phrase_ “Don’t build your house on rented land”_ is very apt in how you pursue any form of loyalty initiative.
Many online platforms offer you the opportunity to ‘buy’ new customers with discounts and the like.
A smart way to utilise these is for temporary or experimental offers to limit your exposure, with a seamless method for these new customers to join your database.
Having your own branded loyalty programme sounds grand, but it’s actually more affordable than you may think and importantly - creates the foundation to build valuable data assets.
Not many business owners implement and build a successful loyalty and rewards programme on their own, so look for a supplier with hands-on expertise that you might need from time to time as your business and ambitions develop.