9 Effective Loyalty Program Ideas For Your Dispensary - Flowhub

Alaska Weeds of Anchorage offers a pretty standard rewards program for their customers. What’s not so standard? When potential customers enroll in that rewards program, they get a pre-roll for the cool … See more

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Cannabis Loyalty Programs: How To Reward Repeat Dispensary

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May 6, 2019 · 20% of your customers account for 80% of revenue, and acquiring a new customer can cost as much as 7x more than retaining an existing one. Tweet. Because of this principle, …

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FAQs about 9 Effective Loyalty Program Ideas For Your Dispensary - Flowhub Coupon?

What is the most effective customer loyalty program for cannabis dispensaries?

Because of this, rewarding customers based on dollars spent is the most effective for cannabis dispensaries because it proportionately rewards your VIPs. Remember, the top 20% of customers account for 80% of your business, so taking care of your VIPs is one of the most important parts of a customer loyalty program. ...

How can a dispensary loyalty program benefit your business?

Implementing a customized dispensary loyalty program as an intentional element of your company’s marketing tactics can boost basket sizes, increase the frequency of customer visits, and offer targeted marketing opportunities that yield better outcomes. ...

Why should a cannabis loyalty program be based on customer data?

Cannabis loyalty programs based on customer data produce bigger ROI and perform better over the long-term. The cannabis industry is all about community, and businesses with the ability to give their customer base personalized attention are more likely to see positive results. ...

Why are there restrictions on cannabis loyalty programs?

Restrictions on cannabis loyalty programs in certain markets are due to privacy laws which prohibit dispensary CRM systems and dispensary POS software from saving customer contact information for email and SMS marketing purposes. For example, in Oregon, personal contact information must be deleted after 48 hours. ...

What are the best dispensary marketing strategies?

As legalization continues to sweep the country, it’s becoming increasingly important for dispensary owners to develop solid strategies for bringing in new consumers — and, more importantly, keeping them. Cannabis loyalty programs are one of the best dispensary marketing strategies to accomplish that goal. ...

How does brand loyalty work in the digital cannabis market?

In today’s digital cannabis market, brand loyalty is largely formed through personalized customer interactions. Integrated loyalty programs help businesses reward customers with individualized offers based on their spending history and preferences. ...