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For retail stores, restaurants, and travel companies, maintaining a customer rewards program is almost a necessity to stay competitive because programs are so widespread in those sectors, Cottle says.
Targeting them makes more sense than offering something like a broad discount for all patrons, experts say.
You should figure out which relationships are most important for your business and design a rewards program that cultivates those customers, says Michael Hemsey, president.
Customer loyalty experts offer the following tips on how to start your own program."Make it a little bit more of an experience rather than a process they go through he says.JCPenney JCPenney Credit Card offers include special savings events for cardmembers only.That's double the rebates you'd earn with regular Card membership.They have the competitive rates.You can find a store by name, category or gift nuts for christmas by state.One of the ways you can make your customer relationship more sticky is through a well-planned and well-executed reward program.".Business card are great for all your business needs.Secured credit cards are best for people with bad credit.
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Update your personal information.If you have average or above average credit, you might want to consider a Visa Credit Card.RadioShack, s Sears Sharper Image, t Target Toys-R-Us,.A points program that lets patrons cash in their loyalty for goods and prizes?Travel companies use it to know which deals you might be interested.Supermarkets use this information to know which promotional messages to send you.The Home Depot stores, expo Design Centers, Maintenance Warehouse and The Floor Store.