To encourage your clients to keep coming back and fend off solicitations from your competitors, it is vital that you reward their loyalty. Millennium's reward points system allows you to create a rewards program that improves client loyalty and encourages long-term growth.
This system focuses on the key growth indicators for your business: new clients per month, new client retention, repeat client retention, frequency of visit, average ticket, or productivity. These growth indicators, especially retention and frequency of visit, are inseparable - as one changes positively, the other changes negatively. Therefore, your goal with any client rewards program is to find the right dynamic where you achieve growth in all of these areas.
Before implementing a client rewards program, you need to consider the areas of your business you want to improve and decide how you want clients to earn reward points.
Do you want to offer incentives to new clients to encourage them to remain loyal to your business?
Do you want to increase retail sales by offering rewards for retail purchases over a certain amount?
Do you want to encourage clients to spend more during each visit by offering increased rewards based on the amount spent?
Do you want to increase productivity by rewarding clients for trying new services?
Do you want to increase the number of new clients per month by offering large points incentives to existing clients for every new client referred?
To enable clients to earn reward points, you need to create promotions that award points for qualifying purchases.
Examples: You can create a promotion that awards points for prebooking appointments or a promotion that awards points when a client tries a new service.
There are a number of different promotion options available and you can select to run multiple promotions at once or run promotions at specific times of year.
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Clients can earn reward points when they make a qualifying purchase.
Examples:
Clients lose points when you refund or void a qualifying purchase.
Clients can redeem points when you collect payment for a transaction on the Payment Types window.
More Info: Click here for instructions on how to redeem points.