Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

MarketScreener Homepage  >  News  >  Companies  >  All News

News : Companies
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance ProfessionalsCalendarSectors

HelloWorld: New Loyalty Report Reveals 75% of Consumers Want To Be Rewarded Beyond Purchase

share with twitter share with LinkedIn share with facebook
share via e-mail
12/18/2017 | 09:01am EDT

SOUTHFIELD, Mich., Dec. 18, 2017 (GLOBE NEWSWIRE) -- HelloWorld, the leading digital marketing solutions provider for the world’s largest brands, today announced the results of its latest data report, “2017 Loyalty Barometer Report: What Consumers Think of Loyalty & Reward Programs.”

The report, which examines generational consumer sentiments toward loyalty programs, as well as areas where brands can pivot to accommodate consumer preferences, reveals that while traditional models remain successful, there is a growing appetite for innovation.

The research validates that 64% of all consumers still find it appealing to earn points for purchases, but signifies a need to shift the role loyalty plays within the consumer journey. Findings suggest that rewards must stretch beyond foundational “spend-and-earn” models. For example, 75% of consumers indicated they want to be rewarded for things like watching a brand video or taking a survey, suggesting that time is increasingly perceived as a form of currency.

Non-traditional loyalty programs are steadily resonating with consumers. Seventy percent of consumers  overwhelmingly like the idea of programs partnering with other brands to increase ways to earn loyalty points. However, younger consumers are more inclined to prioritize innovative tactics in loyalty programs, with 55% of Millennials and 38% of Gen-Xers expressing a preference for surprise and delight tactics, a feat less appealing among Baby Boomers (23%). Meanwhile, 40% of Millennials believe loyalty programs should offer interactive games, emphasizing the importance of engagement and creating fun, meaningful brand connections.

The report also examines common pain points consumers across generations encounter within loyalty programs, with the greatest frustration being the amount of time it takes to redeem points. 53% of all consumers said it takes too long to earn a reward, suggesting that programs should be designed for instant gratification with frequent rewards built in. 32% of consumers also worry about the security of their personal information, with consumers also citing too many communications and rewards that aren’t valuable as additional pain points.

“When it comes to brand engagement, the investment in driving consumer loyalty is more prominent than ever,” said Michela Baxter, Senior Director of Loyalty at HelloWorld. “However, as programs become ubiquitous, brands across industries must devise ways to connect with consumers and create experiences that directly correspond to their needs. This report arms brands with actionable insight into consumers’ sentiments towards loyalty program across generations, helping them bolster meaningful relationships and provide rewards that truly delight audiences.”

Highlights of 2017 Loyalty Barometer Report: What Consumers Think of Loyalty & Reward Programs

Consumers believe a loyalty program should:

  • Offer personalized rewards - 77%
  • Recognize them when they make a purchase - 72%
  • Partner with brands to increase ways to earn - 70%
  • Have exclusive services - 66%
  • Have unique experiences - 59%
  • Let shoppers combine points with family and friends - 58%
  • Offer fun games - 29%

When it comes to loyalty programs, consumers prefer:

  • Discounts and offers - 82%
  • Free products - 77%
  • Free services - 66%
  • Priority customer service - 39%
  • Surprises from the company - 38%
  • Members-only products - 25%
  • Members-only events - 20%

This research was conducted by HelloWorld in 2017. The survey examined 600+ participants’ preferences and pain points in branded loyalty programs. Participants reside in the U.S., range between 18-60+ in age, and were sourced outside of the programs managed for HelloWorld clients. 

About HelloWorld, Inc.
HelloWorld is a digital marketing solutions company working with the world’s leading brands across all industry verticals. The company offers a powerful combination of native platform technology and marketing strategy to marketers looking to accelerate growth and deepen consumer impact. HelloWorld creates brand-consumer interactions through promotional campaigns to spark interest, loyalty programs to retain and reward, and multi-channel messaging to continue the conversation in market. Founded in 1999 as ePrize, HelloWorld is one of the largest independent digital marketing companies, with offices in Detroit, New York, Chicago, Los Angeles, and Seattle. The company has been behind highly effective regional and global campaigns for clients such as Coca-Cola, Johnson & Johnson, Microsoft, and Starbucks. For more information, please visit helloworld.com.

Contact Information
LaunchSquad for HelloWorld 

Primary Logo

© GlobeNewswire 2017
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news "Companies"
07:36aP I A C A : PIA and Askari Bank to launch Co-Branded Credit Card - Press Release issued by Pakistan International Airlines
07:36aORACLE COALFIELDS : Power's Chinese partners revise stake in Thar project
07:36aINDUS MOTOR : awarded
07:36aK ELECTRIC : signs deal with CMEC for 700MW plant at Port Qasim
07:36aNESTLE PAKISTAN : earns Rs2.2bln in Jan-March
07:31aGEICO : 's Tips for Sharing the Road with Motorcycles
07:17aFG probes $2bn Atlas Mara alleged share fraud in Union Bank
07:15aRIZAL COMMERCIAL BANKING : RCBC brass innocent of laundering charges, bank says
07:14aFIRST AMERICAN FINANCIAL : Real estate title firm's lapse exposes data in 885M files
07:13aBASEBALL : Pacific League standings (May 25)
Latest news "Companies"