Jambu & Co. shares details in an insightful webinar on how they got 32% higher customer retention through Zinrelo’s loyalty rewards program. The blog post includes the recording and presentation of the webinar.
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Jambu & co., got 32% higher customer retention through a loyalty program!
1. HOW JAMBU & CO., A LEADING SHOE BRAND,
GOT 32% HIGHER CUSTOMER RETENTION
THROUGH A LOYALTY PROGRAM!
In these unprecedented times, it’s imperative for brands to elevate their game and
build customer retention through a highly engaging omni-channel loyalty program.
According to Econsultancy reports, 82% of business leaders agree that customer
retention is way cheaper compared to customer acquisition. To foster customer loyalty,
brands must engage their customers repeatedly on multiple dimensions to instil repeat
purchases and brand advocacy.
In this webinar, Stacy Feldman, E-Commerce & Digital Marketing Director at Jambu &
Co., shared insights on how they implemented Zinrelo’s loyalty rewards program to
build customer engagement, maximize revenue and improve profitability. This blog
post includes the recording and presentation for the webinar and highlights the
strategies that helped Jambu & Co. reap 32% higher customer retention through a
loyalty program!
2. Watch the webinar recording here:
Key highlights from the webinar:
Jambu & Co. experience – How it all began
Jambu & Co. invested in a loyalty program and engaged their customers through an
effective omni-channel rewards program. They rewarded their customers not only for
purchases but for referring friends and family, creating an account, social advocacy etc.
Further, they gamified their loyalty program to offer their customers exciting rewards
like free shipping and discounts off their subsequent purchase.
Jambu & Co. objectives from the loyalty program:
Increase revenue: One of the main objectives of Jambu & Co. was to improve the
revenues and profitability by embedding a result-driven loyalty rewards program.
According to Gartner, 80% of a company’s revenue is generated from 20% of the repeat
customers, and a loyalty program is a great tool to strengthen customer engagement
and improve retention and is a key driver to generate revenue.
Better features and customer support: Jambu & Co. had an existing loyalty program in
place, but they weren’t happy with the outcome. The previous program did not offer a
seamless customer experience and had limited features & capabilities. Moreover,
3. Jambu did not receive adequate support from their erstwhile vendor. This not only led
to customer complaints but hampered the overall ROI and results from the loyalty
program. It was precisely during this time, Jambu & Co. shifted to Zinrelo.
▪ Jambu & Co. experienced better service as soon as they embedded Zinrelo’s loyalty
program.
▪ The seamless customer experience led to an immediate reduction in customer
complaints.
▪ Zinrelo offered insightful reporting.
▪ Jambu was able to create personalized and pre-configured loyalty campaigns for
different customer segments.
Customer retention: According to Forbes, a brands chance of selling to a new customer
are just between 5% and 20%, whereas that chance rises to 60% or 70% for existing
customers. Jambu & Co.’s objective was to engage their new and existing customers
more effectively to improve their overall customer retention.
Key features of Jambu rewards program
360-degree Engagement:
Jambu & Co’s rewards program is a combination of different types of loyalty. Not only
did they engage their customers through transactional loyalty but also incorporated
social, engagement and advocacy loyalty into their program. They engaged their
customers by awarding them points for liking, following Jambu & Co.’s social media
pages, referring friends and family, creating account etc. Jambu rewards program
engaged customers on multiple levels and provided users a seamless experience.
Loyalty program user experience:
The below aspects led to an immersive and rewarding experience for Jambu & Co.’s
customers.
▪ Jambu & Co. included the points earning potential in every product page. This not only
introduced customers to the loyalty rewards program but also improved customer
conversion.
▪ A dedicated loyalty landing page on the website
▪ The white-labeled end user dashboard embedded in the ‘My Account’ section for each of
the customers
▪ Customized & personalized loyalty emails
4. ▪ A seamless points redemption experience at the time of checkout led to an immersive
and rewarding experience for the customers.
Machine Learning based Targeting and Segmentation:
Zinrelo’s data sciences team used machine learning algorithms to segment loyalty
members into actionable clusters. Different loyalty campaigns were then designed to
maximize revenues from these customer segments.
Jambu & Co.’s Journey
Jambu & Co. shifted to Zinrelo’s loyalty rewards platform and awarded their customers
points for various activities, leading to remarkable results and uplift in customer
retention. Stacy from Jambu & Co. highlighted the three key benefits their brand
observed when they shifted to Zinrelo:
▪ Specialized campaigns to incentivize customers
Jambu & Co. set tailored loyalty campaigns that were exclusive to different customer
segments. Not only did this enable a feeling of exclusivity, but also aided in an increased
affinity towards the brand. For example, in June (it is the last month of the spring-
summer season), Jambu & Co., awarded 200 bonus points (equivalent to $15) to all the
loyal customers; and these points were redeemable in the month of June only. This
campaign, designed to improve sales in the end of season, led to a 3X increase in sales
compared to any other month.
▪ The shift from transactional loyalty to emotional loyalty
The shift from transactional to emotional & engagement loyalty yielded amazing results
for Jambu & Co. By acknowledging birthdays, social advocacy, referrals etc. Jambu & Co.
not only engaged the members but also created an emotional bond with the customers
that went beyond points and purchases.
▪ Dedicated, consultative support received from Zinrelo
The migration to Zinrelo’s loyalty program was a seamless experience, aided by the
continuous support from Zinrelo’s dedicated customer success team. As Stacy
highlighted during the discussion, Zinrelo’s team went above and beyond their regular
remit and made sure that Jambu were able to launch within a very aggressive
timeframe. In addition, regular calls with the dedicated customer success manager and
5. QBRs (quarterly business reviews) and QSP (quarterly success plan) by Zinrelo’s team
added to Jambu & Co.’s success.
Key results
Using Zinrelo’s loyalty program, Jambu & Co. witnessed the below results:
▪ Engaged members of the loyalty program contribute 52% more revenue
▪ Loyalty members contribute 3X more repeat revenue compared to others
▪ Zinrelo helped Jambu & Co. achieve a 32% increase in overall customer retention
▪ Jambu & Co. recommended brands from Vida group to Zinrelo
Excerpts from Q & A section of the webinar
Q: Why did you opt for a bonus points campaign in the holiday season? Why not offer
your customers a discount coupon instead?
A: Stacy Feldman, Jambu & Co. – There are two ways of engaging your customers. By
offering a discount coupon, the respective customer would have visited Jambu & Co.
website, purchased the product, and availed the discount; but that would have been a
one-time purchase only, without creating a hook for the subsequent visits/purchases.
Rewarding points, on the other hand, provides a mechanism to hook the customer for
not only multiple purchases but continuous engagement, leading to an increase in
customer lifetime value.
Q: What are the 2 or 3 most important things we need to keep in mind while setting up
a loyalty program?
A: Dibyo Ghost, Zinrelo –
1) Get the right program design
2) Make sure you have the right personalization of the campaigns to complement the
program design
3) Ability to track and monitor through analytics and right support and customer
service
4) Constantly get the most out of your loyalty program like pre-schedule campaigns etc.
Q: How much of an effort is the day-to-day ongoing management of the program?
A: Stacy Feldman, Jambu & Co. – I take care of the program on a daily basis and do not
need the help of a developer. Once I set up the automated email triggers, it does not
require any extra efforts. I can even set up the campaigns within a couple of minutes.