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5 Surprising Facts About Loyalty Programs Every Entrepreneur Should Know
Loyalty programs have evolved far beyond simple discounts on future purchases. Today, they are strategic tools that help businesses not only retain customers but also significantly boost revenue and collect valuable data.
Here are five facts that will convince you why implementing a loyalty program, ideally in a modern format like Bitcoin Cashback through the WEXO Partner program is worth it.
1. Loyalty Programs Influence 76% of Customers’ Purchase Decisions
Loyalty programs are no longer just “nice-to-have” features. Over three-quarters of customers admit that rewards offerings significantly impact their decision on where to shop.
What does this mean for your business?
If you give customers the opportunity to earn valuable rewards such as Bitcoin, you greatly increase the likelihood that they’ll choose your brand.
Tip: The WEXO Partner program boosts purchase intent right from the first interaction with your customers.
2. Loyalty Programs Can Increase Revenue by 5–10%
Implementing a loyalty program directly supports revenue growth.
How does it work?
Customers enrolled in loyalty programs shop more frequently, spend more during each visit, and recommend your brand to others. On average, this results in a revenue increase of 5–10%.
With Bitcoin Cashback through WEXO Partner, the motivation becomes even more appealing.
3. 84% of Customers Are Willing to Share Data for Personalized Rewards
Personalization is key to success today.
Most customers are comfortable sharing basic data if they receive relevant and targeted rewards in return. For entrepreneurs, this means access to valuable insights that can enhance communication and marketing campaigns.
Advantage: The WEXO Partner program helps you collect this data automatically.
4. Loyal Customers Spend 57% More
Customers who participate in loyalty programs tend to spend significantly more.
They trust your brand, perceive the value of rewards, and increase their average spending by up to 57%.
These numbers represent real growth that makes loyalty programs worthwhile investments.
Challenge: Create a program your customers will love!
5. Retaining Existing Customers Is Up to 25× Cheaper Than Acquiring New Ones
Marketing campaigns aimed at acquiring new customers can be costly. It’s far more efficient to focus on those who already know your brand.
A loyalty program like Bitcoin Cashback through WEXO Partner helps maintain interest among existing customers without requiring large advertising budgets.
Efficient Investment: Achieve greater impact with lower costs.
Conclusion: Small Changes, Big Impact
Whether you own a local shop, run an e-commerce store, or provide services, introducing a loyalty program can be the difference between stagnation and dynamic growth.
With the WEXO Partner program, you gain an additional advantage—a modern way of rewarding customers with Bitcoin that enhances perceived value and attracts a new generation of shoppers.
🚀 Become a WEXO Partner today and leverage all the benefits of tomorrow’s loyalty programs!