Customer Loyalty Programs Using Promotional Risk Coverage

Your promotion budget can be fixed to increase customer loyalty with digital promotions including promotional risk coverage. It is worth the risk, but you don't have to take it. Promotional risk coverage protects your promotion budget from over redemption and assists you in fixing your advertising and marketing budget. Promotional Currency is THE leading digital promotions firm, merging digital technology, artist licensing and promotional risk coverage to deliver turnkey, fixed-cost solutions for the promotional marketplace. Ask us why you can afford large prize offerings including digital promotions on a budget. Fix your promotion budget with Promotional Currency, THE Digital Promotions Authority. http://www.promotionalcurrency.com

Promotions Using Promotional Risk Coverage to Build Customer Loyalty

Promotions budget solution to increase customer loyalty starts with digital promotions including promotional risk coverage. It is worth the risk, but you don't have to take it. Promotional risk coverage protects your promotion budget from over redemption and assists you in fixing your advertising and marketing budget. Promotional Currency is THE leading digital promotions firm, merging digital technology, artist licensing and promotional risk coverage to deliver turnkey, fixed-cost solutions for the promotional marketplace. Ask us why you can afford large prize offerings including digital promotions on a budget. Fix your promotion budget with Promotional Currency, THE Digital Promotions Authority. http://www.promotionalcurrency.com

Promotional Incentives Launch Products and Lift Sales Volume

Promotional incentives are a powerful marketing lever that brand advertisers can use to engage and excite consumers. They play a key role in launching new products, lifting sales of existing products, and cultivating customer loyalty. From the smallest "mom and pop" retail stores to the largest brands in the world, promotional incentives encourage people to experience products they might otherwise ignore.

Creative Ways To Leverage Promotional Incentives

Giving away free items is one of the most effective ways to stimulate a response from your target market. Nothing excites consumers more than the chance to receive something with a high perceived value for free. There are a variety of ways in which you can use free promotional incentives to motivate your audience to take action.

You can give your customers something for free in exchange for trying a new product or service. For example, Starbucks recently launched their Via brand of instant coffee and used promotional incentives to spearhead the effort. They organized a Via Taste Challenge to entice customers to try their instant brew. Customers in the Los Angeles area were asked to order a cup of Via. In return, they received a coupon that could be redeemed for any cup of coffee in the future.

You can also use promotional incentives to create a surge in sales volume around your brand. For example, Estée Lauder launched a promotion in October 2009 called "Your Beauty. Your Style. Your Profile." They invited women to visit participating counters and receive a free makeover and photo. The photos were emailed to women so they could be uploaded easily to dating and social networking sites. The Estée Lauder logo was in the background of each photo, strengthening their brand.

Using Promotional Incentives To Collect Customer Information

In the Estée Lauder example, the promotional incentives were emailed to women who received makeovers. That means in order to receive their digital photo, women had to provide a working email address. This mechanism helped Estée Lauder to create a database of customers to whom they could market their products in the future. For example, they can email these customers a targeted holiday promotion focusing on the products that were used during the makeovers.

Mobile promotions such as music download promotions can offer this same advantage. When consumers visit your customized landing page to download your promotional incentives (e.g. free music downloads), you can require them to provide their contact information. In doing so, you'll build a database of customers for future marketing campaigns.

The Advantage Of Delivering Promotional Incentives Online

When your promotional incentives are delivered online, your expenses are limited to whatever it costs to fulfill redemption. For example, suppose you're offering free music downloads to people who spend $70 at a certain clothing store. Provide a website address and promo code on their purchase receipt that directs them to your download site. They can redeem your promotional incentives online, which helps to minimize your costs while exposing customers to your brand and products.

Or, suppose you want to deliver a "buy three and get one free" promotion to customers' mobile devices. The cost of delivery is practically zero. The same is true for launching instant win games, skins promotions, offering free ringtones, and other digital promotional incentives. While the cost is low compared to traditional advertising channels, the impact on your audience is high.

Why Promotional Incentives Are Effective

Brand sponsors realized long ago that promotional incentives were a potent trigger for stimulating a response from their market. Each year, billions of dollars are spent to launch promotions that improve brand awareness, drive traffic and sales, and strengthen customer loyalty.

The reason promotional incentives are so effective is because people always enjoy the chance to receive free products they consider valuable. Whether the incentive is a free tank of gas, limited access to an online fee-based service, or free song downloads, consumers are happy to participate. In some cases, they'll increase their purchase order or buy new products in order to take advantage of a promotion. In other cases, they'll willingly exchange their contact information to receive your promotional incentives.

Your marketing campaigns are ultimately designed to sell your products. The challenge is to motivate your audience to buy them. Digital promotional incentives will excite your market, educate them about your products, and encourage their loyalty to your brand. And they'll do so at a lower cost than using other advertising channels. Now is the time to explore how promotional incentives can drive traffic and increase sales for your company.

--Cynthia Walker

Promotional Currency is THE leading digital promotions firm, merging digital technology, artist licensing and promotional risk coverage to deliver turnkey, fixed-cost solutions for the promotional marketplace. Promotional incentives such as music download promotions, ringtone promotions, mobile promotion, skins promotions and online instant win games and sweepstakes are powerful, multi-pronged promotional marketing tools build customer loyalty and drive sales.

Entertain your consumers with promotional incentives to differentiate your brand and boost sales through increased brand interest and customer loyalty.

Customer Loyalty Programs Including Digital Promotions Increase Long-Term Profitability

Customer loyalty programs including digital promotions can function as the promotional
linchpin that drives your company's long-term profitability. They are an essential tool for
improving customer retention. By offering your customers digital incentives, such as
music downloads, skins, and an assortment of mobile promotions, you can dramatically
increase the lifespan of each customer. Not only does this create an enormous level of goodwill,
but customer loyalty programs also encourage customers to respond to your ongoing
marketing campaigns.

In 2001, noted authority on customer loyalty programs, Fred Reichheld, released his
seminal book, "Loyalty Rules." Within its pages, Reichheld explained the influence
customer retention rates have on the overall value of your customer base. A 5%
retention rate can translate into a 75% improvement in the value of your customer
inventory.

Below, we'll explain how customer loyalty programs can produce these results for
your company. We'll also describe the difference between these programs and customer
rewards programs - each has a vital role to fulfill. You'll also discover how to
leverage music download promotions, skins promotions, and mobile promotions to
increase the loyalty your customers feel toward your company.

How Customer Loyalty Programs Generate Stunning Results

Your customers want to feel valued. They want to know that your company perceives
them as a critical factor in your success. Too often, companies treat their
customers as disposable commodities. This has produced a legion of consumers who
shop primarily based on price, all but eschewing brand loyalty. Customer loyalty
programs help eliminate price as the deciding factor and instead, transform your
customers into fans. By offering them digital incentives, you can cultivate their
loyalty while creating a more memorable brand experience.

That sharply increases the lifetime value of your customer inventory. It not only
inspires them to return, but it also encourages them to tell others about your
company, generating a new wave of customers.

The Difference Between Customer Rewards And Customer Loyalty Programs

A lot of companies make the mistake of thinking customer rewards and customer
loyalty programs are identical. They're not. Each has a distinct promotional role to
play. Customer rewards are a powerful lever that you can use to trigger a response
and gather customer data. By collecting information about your customers, you can
launch a sequence of marketing initiatives that build brand awareness and gradually
influence their purchasing behavior. In doing so, you'll be able to better identify
which customer segments are the most profitable for your company.

Customer loyalty programs fulfill a different function. They improve your customer
retention rate, which Reichheld showed to have a dramatic effect on long-term
profitability. By giving your customers a variety of digital currency incentives,
you'll encourage them to return to buy your products.

Music Download Promotions Can Spearhead Customer Loyalty Programs

Music download promotions and mobile promotions are cost-effective platforms from
which to launch your customer loyalty programs. Because they can be delivered
digitally to consumers' phones, PDAs, and other mobile devices, their effect is
often instantaneous. They trigger an immediate response from your customer base.

Music transcends gender, culture, and age to reach a broad audience. Your customers,
regardless of their backgrounds and musical tastes, will gravitate toward the
artists they enjoy. You can target certain segments by genre or provide your entire
customer base with a catalog of millions of songs from which they can choose.

Mobile promotions, such as instant win games and digital coupons, can also trigger
an immediate response. Your customers can enjoy playing instant win games the moment
they receive your promotions. Then, they can receive instant notification regarding
whether they have won a prize. Mobile coupons can be redeemed just as quickly.

When leveraged to spearhead customer loyalty programs, music download promotions and
mobile promotions can generate a new wave of sales while strengthening your brand
loyalty.

Customer Loyalty Programs And Skins Promotions Complement Each Other

Skins promotions are a unique type of incentive because they are delivered
digitally, yet physically adorn consumers' phones, PDAs, and laptops. They are a
perfect complement to your customer loyalty programs for two reasons. First, the
skins promote your brand not only to your customers, but to every person who
observes your customers' mobile devices. Second, skins promotions serve as a
perpetual reminder to your customers about why they're loyal to your company. The
skins generate enormous goodwill.

Customer loyalty programs remain one of the most potent promotional levers for
increasing your company's long-term profitability. They allow you to lengthen the
overall life cycle of your customer inventory. If you are not currently taking
advantage of customer loyalty programs, now is the time to reconsider.

--Cynthia Walker, Promotional Currency