At Loyltwo3ks, we deliberate with clients and understand their business issues before embarking on
their program design. We conduct a series of discovery and deep-dive sessions to carefully assess
requirements, including gaps, if any, and then prepare detailed Business Requirement Document (BRD)
or Program Design Document (PDD) in coordination with major stakeholders of clients.
This
helps in
understanding program objectives, customer journey, aspirations of members and their expectations
that help us formulate a clear program blueprint. Once PDD is reviewed and approved (signed) by our
clients, the same shall go into production (development), testing and ultimately “launch” on the
predetermined date.
We take learnings and insights from research conducted by clients to match ‘preferences’ and ‘desires’ from a customer’s perspective of brand vis-à-vis competition. This also gives us ground reality of business processes, and actual experiences of sales / marketing personnel in their interactions with customers / channel partners. The input or feedback thus received shall be translated into a program objective with thoughtfulness to provide a solution that meets or beats such expectations. The outcome of this is measured in terms of Net Promoters Score (NPS) that could be continuously evaluated for further optimisation.
Together with the approved strategy and data points, Loyltwo3ks develops the program bluePrint with details on implementation and program launch.
Armed with valuable insights, it's now the moment to delve into Loyalty Program Design. This phase involves continuously refining potential solutions to seize the opportunities at hand. By employing the Loyltwo3ks loyalty program design framework, a balanced strategy is ensured. This framework leverages well-established psychological motivators that underlie both tangible rewards and emotional benefits, driving loyalty and keeping members engaged throughout their customer journey.
Enrolment, earning, loyalty and redemption, partnerships, benefits, launch and exit strategy and member servicing.
Including various reward and benefits models, management, and process flow
Technology requirements, assessing customer experience, communications and CLV (Customer Lifecycle Value), program strategy, and marketing plan
Target achievable, ROI, and commercial model
Finalising data and loyalty ecosystem requirements