Getting Started with the VIP Program
VIP Program OverviewAs a business owner, fostering strong relationships with your customers is essential. Enter Loloyal Loyalty & Referrals' VIP Program, designed for entrepreneurs like you. By implementing this program, you can ensure that your most loyal customers receive the recognition they deserve, foster deeper interactions, and provide an unparalleled shopping experience. It's a win-win for both you and your customers.📝 Note: VIP Tiers are available on the Growth plan and up.Why Implement a VIP Program? Launching a VIP Program can be highly beneficial for your business, providing customers with an exclusive avenue of loyalty beyond standard reward structures. Here are some compelling reasons why having a VIP Program is essential: 1. Drives Higher Spending - VIP programs incentivize customers to increase their spending to unlock exclusive benefits. This encourages them to make additional purchases, thereby boosting your overall sales. 2. Improves Customer Retention - By offering exclusive rewards and a sense of prestige, VIP programs foster stronger emotional connections with customers, leading to improved customer retention rates. 3. Enhances Customer Satisfaction - VIP programs can include tailored rewards and services, improving overall customer satisfaction and driving positive word-of-mouth. 4. Sets Your Brand Apart- Introducing a VIP program distinguishes your business in a competitive market, providing customers with more reasons to choose you over competitors.Setting up an effective VIP Program with Loloyal is a straightforward process, with numerous customization options available to best suit your store's specific needs and use cases. Check out the following sections to learn more.An Overview about Loloyal VIP ProgramThe VIP Program revolves around the VIP Tiers, which are set by default as Bronze, Silver, and Gold. These tiers provide a range of benefits to your customers, with the hierarchy of rewards increasing as they move up the tiers. You can customize these tiers to match your brand's aesthetics and philosophy. Initially, new customers will join the program as first-level tier members and will be eligible for progressive rewards as they advance through the ranks.In this article we'll cover the different parts of the VIP program, VIP tiers, settings that can be configured, and how to go live with your VIP program.VIP Program StatusThe toggle switch positioned at the top of the page serves to activate or deactivate the VIP Program. Customers will ONLY be able to progress through tiers and view the program if this switch is turned on.📝 Note: When you update VIP Program Settings, your customers' tiers will automatically recalculate. During this time, the VIP Program will be temporarily disabled.VIP TiersVIP Tiers represent the progression levels within the VIP Program for your customers. You have the flexibility to add as many VIP tiers as you wish, with a minimum requirement of at least one. The initial tier, serving as the entry-level for all customers, has a goal set at zero. For customization of each tier's name, goal, rewards, and other details, simply click on 'Edit.'Program Start DateThis setting allows you to choose the date from which customers can start earning points or making purchases that count towards their VIP tier progression. For example, if a customer has earned 500 points (200 in January and 300 in March), and your Program Start Date is in February, only the 300 points earned from February onwards will be counted towards their next VIP tier. Please note that customer activity can only be tracked from the moment they install the app. Entry MethodThis section enables you to define the criteria for customers to advance through VIP tiers. Points Earned: This method bases customer progression on the total points earned through your Points Program. Customers' progress through the VIP tiers is determined by the cumulative points they have earned. Amount Spent: This method determines VIP tier progression based on the total amount customers have spent in your store. Number of Orders Placed: This method places customers onto VIP tiers based on the total number of orders they have made. Milestone: This section allows you to specify the duration in which customers must achieve a VIP Tier. LifetimeOpting for this selection means customers have an unlimited timeframe to progress through the various VIP Tiers after joining your loyalty program.Function tips:This type of VIP tier milestone period is ideal when:Your customers place larger orders that are spread out over longer periods of time.You aim to establish a long-term relationship with customers whose purchasing patterns are more spaced out.For example, let's say your store specializes in luxury handbags. A customer might buy a handbag from your store and not contemplate another purchase until the next year. By incorporating VIP program benefits, you offer additional motivation for them to choose your store for their next purchase.Calendar YearOpting for this selection means customers have until the end of the calendar year (December 31) from your Program Start Date to achieve a VIP Tier. Following this period, they revert to their current tier's starting point. Implementing a specific time limit can drive increased customer activity and engagement.Function tips:This VIP tier milestone period is particularly effective when:Your customers make more than 1-2 purchases a year.You aim to boost your repeat purchase rate.You intend to reduce the time between repeat purchases.You strive to increase your average order value.For instance, if a customer earns enough points to reach the Gold tier in November 2023, they will enjoy the benefits of the Gold tier for the remainder of that year and the entirety of 2024. However, during 2024, they must accumulate sufficient points to re-qualify for the Gold tier. Failure to do so will result in a recalculation of their tier based on the points they have earned.Reward distribution methodCustomer reward packages can be distributed in the following ways:If a level skip occurs during upgrading, ONLY the highest level upgrade rewards gift package will be issued.If a level skip occurs during upgrading, the reward gifts packs for the skipped level will also be distributed.Function tips:e.g Merchants have established 3 levels of membership: Level A: Bronze members receive a $100 coupon when their spending exceeds $500. Level B: Gold members who spend over $2,000 receive a $200 coupon.Level C: Platinum members receive a $500 coupon when their spending exceeds $5,000. John was a bronze member with $800 spending. He made a purchase of $4,500 and was upgraded to platinum membership. In situation 1, when selecting the reward package, only the highest level reward will be issued. Therefore, John will receive a $500 coupon. In situation 2, when selecting all level reward packages to be distributed, John will receive one $200 coupon and one $500 coupon.Reward granting mechanismDon't allow customers to earn rewards on same VIP tiers:Entry rewards are only awarded the first time a customer enters a VIP tier. If they lose points, through partial refund or other means, and drop out of the VIP tier they will not receive them again when they re-enter that tier.Common Questions1. Can I change the minimum points required for the entry-level tier? No, it is not possible to change the minimum points requirement for the entry-level tier. All new loyalty members will automatically begin at this level, which is set at zero. 2. Is it possible to add fewer than 3 VIP tiers in my program? Yes, it is possible. However, please note that you must have at least one tier in your loyalty program. 3. How many tiers should I add to my loyalty program? As a general rule of thumb, it is recommended to opt for a simple 2-4 tier program, as it tends to be the most effective.