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Maintaining customers' satisfaction and motivation to make a future purchase is essential for any company to be successful. It isn't enough to rely on new customers to keep your business growing.

There are numerous methods to increase customers' loyalty and retention however the most popular method is to implement the loyalty rewards program. The popularity of loyalty programs for customers is high, particularly among younger buyers however, other generations of customers appreciate the availability of these rewards. Based on a study of consumers by Statista, nearly 80percent of respondents said that loyalty program influenced their decision to purchase.

Learn everything you should know about the benefits of a loyalty plan, best practices, and ways to increase the success of your loyalty program.