Category: Blogs

Taking the First Step With Your Brand’s Green Efforts

Turn your brand’s first green step into one giant leap

Gamifying Sustainability: How to Gamify and Supercharge Your Brand’s Sustainability initiatives in 6 steps.

SVP, Marketing & Customer Analytics | Mar 21, 2023


Why should saving the planet be a grim politically driven topic filled with visuals of pollution and melting ice caps? Let’s infuse some fun into the agenda of pushing our planet’s expiry date further, one consumer action at a time.

As more companies strive to make a positive impact on the environment, they are turning to gamification as an effective way to motivate their employees and customers to do the same. By creating competitive challenges that reward users for their sustainability efforts, businesses can drive their sustainability goals while increasing engagement and loyalty. Let’s break down why gamifying your brand’s sustainability goals is important.

The Benefits of Gamifying Sustainability

Your internal customers: Gamifying your brand’s sustainability efforts can help you reach your goals in a few different ways. First, it provides employees with an incentive to get involved in initiatives that will help the environment. This builds morale by allowing them to feel like their work is making a difference and encourages collaboration between otherwise siloed business units. It also helps foster team-building, which can lead to greater success when tackling projects that impact topline or bottomline.

Your Customers: If you are a B2C brand it gives your customers a tangible way to show their commitment to the cause. By engaging in friendly competitions or completing individual tasks, customers can earn rewards that keep them coming back for more.

Bottomline Savings: If your B2B brand serves medium to large enterprises, incorporating gamified sustainability tactics into negotiations can be a powerful tool when closing new deals or pursuing outstanding accounts.

For instance, if a customer requests a one-off pricing discount, you can suggest a collaborative sustainability initiative and turn the transaction into a game by offering rewards based on managed services. This approach benefits both brands in a B2B environment, as they can share the costs of such initiatives, including tax reliefs. Furthermore, in some countries, investing in sustainability can lower the cost of capital, adding another incentive to prioritize these efforts.

In essence: This helps build brand loyalty and encourages consumers to spread the word about your company’s commitment to sustainability. Finally, gamifying your brand’s sustainability goals also signals that you care about the environment and are taking steps towards protecting it. This helps boost your reputation and shows potential customers that you are committed to making a positive impact on the world around you.

How To Get Started With Gamification

One of the best ways to start incorporating gamification into your strategy is by setting up leaderboards or competitions that track progress towards specific objectives or milestones related to sustainability initiatives. You can even offer rewards such as discounts or exclusive products for those who participate in these challenges or complete certain tasks related to sustainable practices. Additionally, you can leverage existing customer data such as purchase history or demographics information in order create personalized experiences tailored specifically for each user based on their interests or preferences when it comes to green initiatives or causes they care about most.

Supercharging Gamified Sustainability Journeys With Instant Gratification

Gamification without rewarding customers for their action is like trying to clap with one hand tied behind. When the ice caps are not melting at one’s door step and a half a degree fluctuation in day to day weather can be mitigated with an airconditioner’s remote it’s safe to assume that most humans live by the saying “ignorance is bliss”. Hence, one of the biggest challenges in sustainability initiatives is maintaining momentum over time – in other words sustaining sustainability. Offering rewards to consumers for taking environmentally-friendly actions is crucial in motivating them to continue to follow through with sustainable behaviors.

When customers receive immediate feedback on their actions, in the form of a reward notification when they recycle a product, it creates a positive reinforcement loop that with time turns those discrete actions into a behavior and eventually a habit.

Instant gratification mechanics powered by personalized rewards not only increases engagement with your sustainability initiatives but also strengthens the thought relation a customer has towards your brand. Additionally, companies can incentivize continued participation in sustainability programs by offering rewards like discounts or exclusive access to products immediately after completing an action. When deploying gamification and instant gratification in mobile-first customer journeys, it’s important for brands to consider user experience design principles such as clarity and simplicity. Customers should be able to understand how the system works quickly and easily so that they don’t get frustrated or overwhelmed by the process. Additionally, it’s important for brands to ensure that their systems are secure so that customer data remains safe from malicious actors.

6 Steps for brands to achieve their sustainability Goals

Now that we’ve addressed the WHAT and WHY, here are the 6 steps presented in the form a consumer journey that can help you achieve your sustainability goals on autopilot.

Objective
To move, motivate and inspire consumers to live kinder to earth.
Goal
Leveraging the power of gamified consumer journeys to foster and accelerate planet friendly daily consumer habits and behavior.

Objective
To move, motivate and inspire consumers to live kinder to earth.

Goal
Leveraging the power of gamified consumer journeys to foster and accelerate planet friendly daily consumer habits and behavior.

Objective To move, motivate and inspire consumers to live kinder to earth. Goal Leveraging the power of gamified consumer journeys to foster and accelerate planet friendly daily consumer habits and behavior.

Awareness

The topic of sustainability is constantly in the news, from green peace movements and tree-hugger protests to policy discussions at events like Davos 2023. As marketers and custodians of our sustainability intiaitives, it’s our responsibility to help our audience navigate through the noise and understand how simple lifestyle changes can contribute to sustainability.

By raising awareness and providing education before the acquisition and activation phases, we can increase consumer buy-in and promote long-term engagement with sustainability initiatives.

Acquisition and Activation

In many ways sustainable living is very similar to when someone inculcates a new habit. To make the small to medium shifts in lifestyle last it requires baby steps, repetition of actions and constant reminders. The best tool to drive repetitive actions is the loyalty program. In this case its not for anything materialistic but rather for a good cause.

Campaign Messaging Sample

”Joining the mother of all loyalty programs; literally. Whether it’s a bamboo toothbrush or a green shopping bag or opting to take the public transport where needed, the green step program will let you earn sustainability seeds for every planet friendly action you take. Rake in your seeds and instantly trade them in our green market where 100s of brands who are kinder to earth participate to trade in your seeds for sustainable products.”

Action: Take a quiz after watching this video and rake in your sustainability seeds. Sign up to trade your seeds in our green market. Signup for a greener earth and make your actions count.

Initial Engagement followed by Continuous Engagement

After successfully acquiring customers and incentivizing them to join your sustainability journey, the next steps are to engage and continue to engage them meaningfully. It’s important to note that activating and engaging customers are two distinct objectives. Failing to distinguish between the two can result in losing new customers who lose interest and drop out of the journey. In other words, it’s like pouring water into a leaky pot.

When designing gamified engagements to supercharge your sustainability endeavours, it’s best to take small steps. Begin with actions that don’t require significant lifestyle changes. This approach can make it easier for the target audience to adopt the engagement strategy with minimal resistance. As sustainability is an ongoing pursuit, the audience should be given the opportunity to participate from anywhere and at any time, whether from the comfort of their couch or while they are out shopping.

An effective solution to this challenge is to create always-on campaigns that have minimal entry and exit barriers, powered by QR codes and notifications. Consider a gamified experience that starts with scanning a QR code, where customers are rewarded for every sustainable action they take. This experience can be delivered through a microsite or an in-app web instance, displaying the customers’ current loyalty seed count, the actions completed, the sustainability campaigns they are participating in, their progress in these campaigns, and an upload button to showcase their recently completed sustainable action.

Campaign Messaging Sample

“Shopping for groceries, reduce or reuse, working out to stay fitter, Shopping with your own green bag, buying a potted plant, planting a seed, or inviting friends and family to take their first steps or even cycling to work, be rewarded for every green step you take.”

Finally We Arrive At The Carrot

It all boils down to the carrot AKA the incentive or the reward. The reward is the most important ingredient of your engagement. Actions will not be completed if the corresponding reward is not rewarding enough. For example: If you want to drive any of the following, you will need to first decide the type of incentive you want to drive them with, followed by the actual reward.

  1. Using a reusable water bottle instead of buying single-use plastic water bottles
  2. Turning off lights and unplugging electronics when not in use to save energy
  3. Eating more plant-based meals and reducing meat consumption
  4. Choosing to walk, bike, or take public transportation instead of driving
  5. Using reusable grocery bags instead of single-use plastic bags
  6. Reducing water usage by taking shorter showers and fixing leaks promptly
  7. Recycling materials such as paper, plastic, glass, and metal
  8. Buying locally-sourced and organic produce to reduce carbon footprint

Campaign Messaging Sample

“Complete your weekly actions and be rewarded with digital seeds. Exchange your digital seeds at the green market to redeem products that are made with sustainability in mind

eg: Devices from Samsung and Apple who use recycled plastics, aluminium. Clothing from Patagonia, H&M, Girlfriend Collective and so on.”

Here is a cohesive gamified customer journey for you to envision all the 6 steps in action

6 Steps for brands to achieve their sustainability Goals

In Summary

Gamifying your brand’s sustainability goals is a great way to motivate employees and customers alike while helping make a positive impact on the environment at large. By leveraging existing customer data and offering incentives for participation, you can create an engaging experience that encourages everyone involved—from employees all the way down—to take ownership over their part in helping protect our planet for future generations. If you want to learn more about how gamification can help you drive critical customer actions that contribute to your top line or bottom line, lets have a chat – Connect with us.

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5 Critical Metrics to Monitor for Customer Loyalty

5 Critical Metrics to Help You Cultivate Stronger Customer Loyalty

Monitor 5 key metrics to gain a deeper understanding of your customers’ needs and expectations.

MarTech Blogger | Mar 07, 2023


Customer Satisfaction (CSAT) Score

It’s no secret that customer loyalty is the backbone of any brand’s success. In fact, research shows that loyal customers are worth up to 10 times as much as their first purchase. By monitoring the following 5 critical metrics, you can gain a deeper understanding of your customers’ needs, expectations, and behavior, and take action to drive deeper engagement, increase retention, and boost your topline.

Customer Satisfaction (CSAT) Score

Happy customers are the foundation of any successful business. That’s why measuring customer satisfaction through the Customer Satisfaction (CSAT) score is essential. 

Customers who have positive experiences with your business are likely to spend more than those who had a negative experience. By monitoring CSAT and taking action to improve it, businesses can create loyal customers who are willing to spend more and recommend your business to others.

Repeat Purchase Rate

Your repeat purchase rate tells the story of your customer’s loyalty. It measures the percentage of customers who return to your business for another purchase. When customers keep coming back, it demonstrates that they are satisfied with the products or services and have formed a strong connection with the brand. By focusing on increasing repeat purchase rates, businesses can cultivate customer loyalty and establish themselves as a trusted brand in their industry.

Creating customer loyalty today involves more than just offering rewards. According to Harvard Business Review, true loyalty is about building an emotional and irrational bond with a brand. Data-driven customer retention strategies aim to create this bond by fostering a sense of community and providing enjoyable brand experiences.

Customer Lifetime Value (CLV)

Do you know the lifetime value of your customers? It’s not just about how much your customers spend on a single purchase, but how much they’ll spend over their entire relationship with your business.

A high customer lifetime value indicates that you have loyal customers who keep coming back. By building strong relationships with your customers and increasing loyalty, you can boost CLV and drive long-term growth.

Customer Lifetime Value (CLV)

Customer Retention Rate

The business world is a battleground, and customer retention rate is the ultimate weapon for survival. It measures the percentage of customers who choose to stay with your brand, indicating how well you’re doing in retaining their loyalty. A high retention rate is a clear sign that your customers are satisfied with your products or services, while a low one may signify that something is missing. It is also more expensive to acquire new customers than to retain existing ones. Therefore, keeping your loyal customers happy and engaged is key for your brand to thrive.

Net Promoter Score (NPS)

The Net Promoter Score (NPS) is a powerful tool that measures customer loyalty and satisfaction. By asking customers how likely they are to recommend your business to others, you can gain valuable insights into their level of satisfaction and loyalty. High NPS scores indicate that your customers are not only satisfied but also willing to promote your business to others. This can help increase customer retention and generate more revenue while building a positive brand reputation.

So, are you ready to strengthen your brand’s ties with your customer? The Perx Platform supercharges user acquisition, in-app engagements, and transactions, MAU, upsell, cross-sell, and lowers churn, in the most cost-effective manner. We invite you to try our end-to-end customer engagement and loyalty platform out for yourself. Request a demo to see how this technology can help you now.

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Global businesses have driven over 5 billion customer-brand interactions on Perx.

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Unlocking Growth: The Power of Personalized Customer Experiences

Unlocking Growth: The Power of Personalized Customer Experiences

Unlocking Growth: The Power of Personalized Customer Experiences

Unlocking Growth: The Power of Personalized Customer Experiences

Learn how personalized experiences and rewards programs can deepen customer loyalty and increase revenue.

MarTech Blogger | Mar 02, 2023


Picture this: you’re staring at a graph of your customer data, and suddenly, it hits you – this isn’t just a pretty picture, it’s the key to unlocking growth in loyalty and revenue! But how do you do it? The secret lies in creating customer experiences that are as unique as each person you serve. In this age of non-stop digital communication, consumers are looking for more than just basic interactions. They want businesses that understand their needs and go above and beyond to meet these needs. So, don’t be just a data hoarder – use that information to create hyper-personalized interactions that surprise and delight your customers.

Personalization: The Key to Building Brand Loyalty and Revenue

Personalization: The Key to Building Brand Loyalty and Revenue

Delivering personalized experiences is a key driver of success. Customers demand tailored content and experiences, and companies that fail to provide those, risk losing market share. According to McKinsey, personalization has become a ‘need-to-have’,  with retailers experiencing boosted brand loyalty and reduction of marketing expenses by up to 10-20%. To thrive, businesses must harness customer data to create personalized experiences and reward programs for their most loyal customers.

McKinsey highlights that personalized interactions with repeat buyers can deliver up to three times the returns on investment compared to efforts that target all customers. By placing a premium on personalization, companies can build lasting customer relationships that drive revenue growth and set them apart from competitors.

Leveraging data to personalize customer experiences

Personalization has the power to create a strong psychological link between customers and brands. By tailoring experiences to customers’ interests and preferences, companies can deepen loyalty, win over new customers, and increase revenue. But how do you get customers to willingly share their personal information?

According to PwC, customers are more willing to share personal information when they believe a brand truly understands their needs and values. In fact, customers who feel appreciated by a brand are willing to pay up to 16% more for their products and services. This emphasizes the importance of creating positive experiences that resonate with customers and make them feel valued.

Getting started with personalization

Instead of starting from scratch, businesses can use their existing CRM data to create more meaningful interactions. Moreover, to create an experience that truly stands out, companies should reach out to customers through multiple channels, from social media to email to in-person interactions. The key to success is being able to adapt and adjust on the fly, based on real-time data collection and analysis. With these tactics in your arsenal, you can create a loyal customer base and drive revenue growth for your business.

Leveraging data to personalize customer experiences

Personalization has become a critical aspect of customer engagement, and Perx can enable businesses to implement it successfully. Are you ready to level up your customer engagement strategy? The Perx Platform supercharges user acquisition, in-app engagements, and transactions, MAU, upsell, cross-sell, and lowers churn, in the most cost-effective manner. We invite you to try our end-to-end customer engagement and loyalty platform out for yourself. Request a demo to see how this technology can help you now.

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How retailers are using gamification to maximize customer connection

gamification-connect-banner2

How retailers are using gamification to maximize customer connection

Jagriti Shreya

Business Strategy Lead | Oct 26, 2022


How can your brand improve its ability to reach retail customers? One of the most promising methods is to make interacting with your company fun, with an infusion of game mechanics. In short, you should embrace gamification.

Since so many customer interactions take place in digital spaces, especially mobile apps, it’s easier than ever for brands to use gamified mechanics. Turning everyday experiences into fun, enjoyable touchpoints should be a major priority for brands across the retail spectrum.

A gamified experience combined with customer loyalty marketing enables consumers to earn rewards they really like, ones that fit their interests and will keep them highly engaged with the brand. Combining fun interactions and perfectly targeted rewards is a great way to craft a cohesive, compelling customer journey.

Use gamification as a customer outreach tool

The rise of gamification has touched industries of all kinds, but its applications in the retail industry and the e-commerce space are especially promising. As Forbes contributor Elad Natanson explains, retailers are able to make make customers more loyal and engaged by adding gamification elements to their apps, following successes in the education and health sectors.

Natanson cited success stories such as fitness and language apps that have managed to add fun, competitive, social elements to everyday.

interactions. When users earn points, badges and other digital rewards for completing common tasks, there is more incentive to finish those actions. This theory has managed to earn 200 million downloads for health tracking app MyFintessPall and 300 million for language learning app Duolingo.

Gamification marketing isn’t just a useful way to make users more likely to open an app repeatedly. It can also be an effective digital marketing for new customer attraction. Martech Alliance reports that after snack brand Popchip gamified its mobile advertising efforts, it saw a sales increase of 40%, which culminated in $100 million in sales.

Today’s customers are bombarded by marketing and branded content, both from bands they know and those trying to get their attention. How will they choose which deserves their time? Entertaining, repeatable activities that lend positive reinforcement can help them pick your brand over competitors.

Integrate gamification into retail sales strategies

Gamification is an exciting concept in customer rewards strategies because the fun mechanics allow your brand to keep up a connection with customers over time without some of the issues that tend to hamper legacy customer loyalty programs.

An old-fashioned earn-and-burn, points-based rewards strategy without game or similar interactive elements may lose customer interest today.

Without interesting or fun mechanics around earning and spending points, shoppers may quickly abandon the programs, especially if they put hard limits on when consumers can spend their points. Today, loyalty programs are not enough to engage customers and create sustainable and meaningful relationships.

A gamified strategy, on the other hand, can create fun and interesting repeatable experiences – ones that don’t always have to be associated with monetary value to maintain a two-way communication between brand and audience.

Smart devices can be a constant source of contact between audiences and brands, and smart companies will make sure they have a compelling mobile customer experience, even if their primary sales channel is through brick-and-mortar stores.

Make retail gamification happen with a lifestyle marketing platform 

The technology powering a gamification strategy can make the difference between a merely serviceable campaign and one that truly captures consumers’ imagination. Using a lifestyle marketing platform that enables a deep level of customization is a way for your brand to reach out to your specific audience with optimized game mechanics and rewards triggers.

A powerful technology platform will let your brand dig deeper into the non-monetary side of gamification marketing. This may be an especially

powerful method of connection with your audience. By tapping into the same types of experiences that have made fitness and education gamification so popular — the ability to track progress, compete on leaderboards and earn badges — you can stay in touch with consumers between purchases, without squandering value.

Another advantage of building a customized and optimized mobile customer experience is the ability to incentivize and prioritize different behaviors based on what you need most from your audience. Are you seeking to get more frequent customer engagement from casual followers? Do you want your most loyal audience members to refer friends or family members? Are you eager to promote brand awareness or certain in-store actions? All of these and more can be reward triggers with advanced gamification solutions.

A true customer engagement platform pairs these varied customer actions with rewards that actually matter to your audience. You can use rich data on current audience behavior to make sure you’re truly getting through to shoppers with the rewards you’re providing and the cadence at which you’re providing them.

Perx is the technology platform for you if you’re ready to get serious about retail gamification. Request a demo now to see it in action.

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Global businesses have driven over 5 billion customer-brand interactions on Perx.

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Are customers ignoring your digital marketing efforts?

Are customers ignoring your digital marketing efforts?

Are customers ignoring your digital marketing efforts?

Jagriti Shreya

Business Strategy Lead | Oct 18, 2022


Too frequently, client acquisition and the subsequent onboarding engagement are used to gauge the success of marketing campaigns. What happens next? What do brands do once they have successfully acquired these customers?

Engaging with existing customers today can’t be limited to loyalty points and gift vouchers for birthdays and anniversaries. Customers expect brand engagement that is more personal and relevant to them. When customer interactions are not exact and timely, brands lose their customer’s interest.

So customers start to actively disengage with you. Do they get your campaign notifications and marketing messages, yes. But do they always engage with it? Answer is most likely no. Getting unsubscribed by customers or landing in spam is a marketer’s worst nightmare. Marketers across the globe struggle with getting high click through rates, below average engagement & campaign participation. Why is that? Perhaps, the ‘one size fits all’ marketing strategy does not apply in this mobile-first economy. Customers find them to be irrelevant marketing messages or hard cross-sell attempts for products & services that do not fit their needs, at all.

The key to succeed at all these digital customer touch points is personalization, a concept that many acknowledge but few put into practice. Now, personalization and hyper-personalization are the latest buzzwords. But is it really magic?

No. Personalization is a method, not magic. It is the careful study of customer data and translating it into stories, behavior patterns and actionable insights. Every customer has a unique Wishlist, a unique need, a unique lifestyle and spending capacity. Brands need to identify and acknowledge this every step of the way.

The most successful brands translate customer data into delivering personalized customer experiences

So how can we actively engage existing customers -? Let’s talk about the two most effective ways to do it.

Personalized Feeds

A data driven method to optimally figure out your customer’s needs based on the information they have willingly shared with you.

Data algorithms help you cut through a pile of unread inbox emails to curate a customer journey-based messaging, talking about products and promotions that are of interest to them, much like how Meta does its platform feeds. Show them what they want to see and sell to them what they want to buy

Precision Nudging

Millions of customers trust you with their data. Data that tells you their payments history, their wish list, their saving goals and financial plans and much more.

You are aware of what is sitting in their shopping cart. Technology has advanced enough so what is stopping you from exciting them offers that match their Wishlist.

We are living and breathing in the age of AI and deep learning. This is no longer innovation. Your customers expect this.

Use of data to nudge customers to complete actions by bringing them value through the process all while delivering the best customer experiences, is what most brands are lacking today.

There’s lot of catching up to do.

Brands need to begin thinking and messaging from the viewpoint of serving people’s needs and not just moving a product. Request a demo  to experience how Perx can elevate user engagement.

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Global businesses have driven over 5 billion customer-brand interactions on Perx.

Ready to join them?


Seamless Digital Customer Onboarding – Why are banks still dreaming of it, in 2022?

Seamless Digital Customer Onboarding – Why are banks still dreaming of it, in 2022?

 

Jagriti Shreya

Business Strategy Lead | Oct 12, 2022Read More

How Gamification Drives Customer Engagement Perxtech gamification-jagriti-anim

How Gamification Drives Customer Engagement?

gamification-jagriti-anim

How Gamification Drives Customer Engagement

Jagriti Shreya

Business Strategy Lead | Sept 30, 2022


Gamification? Sounds familiar? Is it like that spin-the-wheel thing? Yeah, but there’s more. What if I told you that gamification is so much more than just that spin-the-wheel?

Before we jump into some interesting facts about gamification, let’s look at what gamification actually is and what it has to do with customer engagement?

What is Gamification?

To be put simply, gamification means applying game mechanics into non-game environments, say, for example, games you can play in your mobile banking app to win a reward, or games you can play in an LMS tool to learn new things or take a quiz. The possibilities are limitless and the market is quickly catching up to them.

Do you know the global gamification market is currently valued at 11.69 billion USD and is expected to grow at a compound annual growth rate of 12.9%? It’s getting bigger than ever.

So why is gamification so popular and is it really that effective a tool?

Yes. Gamification is designed on the canvas of human behavior. We all like to play and love to win. It brings a sense of achievement, challenge, and motivation.

How Gamification Drives Customer Engagement Perxtech gamification-motivators

What Gamification leverages human motivators to drive customer engagement.

There are two types of human motivators – Intrinsic which is the sense of autonomy, mastery, learning, love,and meaning, and Extrinsic which is money, badges, rewards, accolades, competition, fear of failure, etc. Gamification is the convergence of the two driving customer engagement, increased productivity and satisfaction.

How gamification leverages behavioural science to drive customer engagement?

So now that you know how gamification leverages behavioral science to drive customer engagement, let’s explore the many ways it does so.

New Customer Acquisition

Attract new customers through contests and rewards. Setting up rewards for user acquisition milestones is a great way to apply game mechanics, for example, first-time buyer rewards, etc. Or banks can use it to attract new customers through sweepstakes that require entrants to provide their name and email address in order to play.

How Gamification Drives Customer Engagement Perxtech customer-acquisition
Cross Sell/ Up Sell or Promote A Product

Gamification is an excellent augment to marketing tools. For example, a health and fitness center can launch a stamp card campaign to promote its new Nutrition and Diet Plan services. For example, log in 10K steps in the gym app every day for 7 days and collect 7 stamps to win a free diet plan or consultation.

Retain And Engage Customers

Loyalty feels dead because customers are actively disengaging with the brand. They get your emails but they don’t read them, why? A lot of times because it’s not personalized and also a lot of times because they don’t know what to do next with your loyalty program. Gamification is what should be the next best step. Game and reward-based campaigns help to keep your audience engaged and excited. This again goes back to your intrinsic and extrinsic motivators. It’s all about how well you can tap into their motivators.

How Gamification Drives Customer Engagement Perxtech gamification-engage
Drive Brand Awareness

When we win, we like to flaunt it, don’t we? The same holds true for our customer engagement. Gamification-powered campaigns mixed with social media shareability are your recipe for free branding. Let users share their accolades on social media, make game-based campaigns mobile and social media friendly, or just reward them for following your social media handles.

How Gamification Drives Customer Engagement perx-mobile-games
Conclusion

Gamification is the present and future of customer engagement and is rapidly creating its mark across industries be it banking, retail, healthcare, or education. The future of customer engagement will be driven by game theory and behavioral science. Today’s consumers expect more than just a vanilla earn & burn loyalty program. They want to be engaged, excited, and involved.

Perx uses mobile-first, next-generation game elements to maximize client engagement. Using engaging game mechanics like stamps, leaderboards, quests, quizzes, and more, you can create a range of dynamic loyalty programmes! Request a free demo from our solution expert today!

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Global businesses have driven over 5 billion customer-brand interactions on Perx.

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Is your customer loyalty rewards program scalable?

Is your customer loyalty rewards program scalable?

Grace Alexander

MarTech Blogger | June 6, 2022


When you’re implementing a rewards program that will keep customers engaged and loyal, you should have one eye on the future. Rewards, perks and interaction methods that won’t scale up as your company grows can present problems in years to come.

To take consistent value from your rewards platform, it should be consistently enjoyable for customers to interact with. That should remain true even as your audience increases in size and individual customers remain with the business for years.

Prepare for success: Include scalability in your rewards

What happens when your company scales up, but its rewards don’t? This could apply to a few different issues, any of which could cause long-term problems for your ability to maintain customer engagement over time.

Rewards programs that are limited rather than scalable, offering only a few potential options for customers, may fail to stay engaging in the long term. These may be point-based systems with few redemption options, or ones that don’t allow loyal customers to ascend to higher tiers over time.

A company with a rewards program that doesn’t scale up may find that no matter how many new users join, old users are disengaging. This makes it difficult to build and maintain a solid and engaged customer base.

Leading companies are realizing the need to scale up their rewards programs and become more ambitious with their offerings, as McKinsey & Company reports. Rather than settling for standard, point-redemption schemes, these businesses are building whole ecosystems for their customers to engage with.

The gold standard of this style is Amazon Prime, which has consistently rolled out new exclusive content and experiences for customers, including streaming video, alongside the retail discounts that first attracted shoppers. This is a true lifestyle platform, where customers have dozens of touchpoints to choose from when reengaging with the company.

In the era of cloud software, scalability and flexibility have become universal watchwords. Companies know how important it is to always be able to add new functionality, quickly and without friction. This concept should apply to rewards and loyalty programs to ensure businesses never feel stuck with a limited set of options for their customers.

Integrate rewards with other systems

One of the most promising ways to ensure a rewards program is flexible, scalable and consistently engaging is to make sure it doesn’t sit in its own silo. Customers shouldn’t have to struggle to find and use loyalty features — they should be natural parts of other touchpoints, from branded mobile apps to the point of sale and beyond.

Brands today are pushing to become true omnichannel companies, blending brick-and-mortar operations with digital offerings that span multiple devices. When customers engage with these companies in any of these locations, they get consistent experiences, ideally including loyalty and retention program features.

As The Wise Marketer explains, modern loyalty programs thrive on automation and integration with other systems. This allows the customer engagement features to have a greater reach, incorporating multiple communication methods and connecting seamlessly with the company’s other software systems.

The integration between rewards platforms and other systems should be seamless. Every time a customer has to specifically seek out a loyalty program, that’s a chance for that user to disengage. On the other hand, strong integration means that as the company’s other systems scale up, the reach of the rewards program grows along.

Integration doesn’t have to be limited to a single business’s ecosystem. When a business strikes a deal with strategic partners to make loyalty programs interoperable, that creates a positive closed-loop ecosystem that encourages customers to keep engaging and gives them more opportunities to do so. This is a way for a business to expand rewards beyond its own bubble.

Make sure data flows both ways, to and from rewards programs

As customer loyalty programs scale up to reach more customers through more touchpoints and deliver a greater variety of options, there’s an opportunity to derive extra value: increased collection and use of data.

Today’s powerful business intelligence systems support real-time analysis of data to turn customer behavior into actionable insights. A customer loyalty program that has scaled up to reach consumers on multiple levels is not only a source of more data than ever before, it also includes more elements that can be tuned with the use of data-driven insights.

Data collected about the way customers interact with a business can be used to shape further loyalty program elements. McKinsey partner Jess Huang recommended using data generated by transactions and engagements to determine how consumers prefer to interact with the company, rather than building loyalty features based on intuition.

Applying that idea of data-driven design to scaling up a loyalty program means a company can create a self-reinforcing cycle. More touchpoints mean more data, which fuels analytics to recommend what form new touchpoints should take.

Use Perx to unite rewards with other programs

The technology platform you use to build your loyalty and rewards program can determine whether you’re able to smoothly scale up and expand capabilities over time. This is a reason to adopt the Perx lifestyle marketing platform as your loyalty management technology of choice.

Due to the integration between Perx and other omnichannel solutions, your rewards program will be able to expand alongside your operations. You can give customers a wide variety of touchpoints they’ll want to use, earning and redeeming benefits at multiple locations, from your app to the point of sale. These programs are appealing whether an individual deals with your brand online, in person or by switching between the channels.

A true lifestyle marketing approach reaches your customers where they are, delivering experiences and rewards they’ll actually be excited and delighted by. Even as your customer base grows and top customers create years-long relationships with your brand, you can keep expanding and customizing your program so it doesn’t become dull for your audience.

Perx supports complex integrations to make sure the platform “plays well” with your company’s other systems, making loyalty a natural part of your operations, no matter how much the business expands.

Request a demo to see how the technology could propel your business toward its loyalty objectives.

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Global businesses have driven over 5 billion customer-brand interactions on Perx.

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5 Ways to Use Gamification with Customer Relationship Management

5 Ways to Use Gamification with Customer Relationship Management

Grace Alexander

MarTech Blogger | June 6, 2022


Customer retention. New customer acquisition. Is the balancing act between these two aspects of business keeping you up at night? Figuring out the ideal amount to spend on each type of outreach is enough to give anyone a headache. Fortunately, modern technology and tactics can provide an answer.

Customer Acquisition vs. Retention: Which Side is Winning?

There’s an oft-cited statistic — coined by Bain & Co. fellow Fred Reicheld more than two decades ago and treated as a guiding principle ever since — that says a mere 5% retention increase could boost your profits by 25% or more. Add this to the fact that customer acquisition costs have recently risen approximately 60% over a period of five years and the answer seems clear: retention is the safe bet.

But where does that leave acquisition? It’s expensive and time-consuming to go for new business, but if your company cuts off funding for its efforts to attract new audiences, how will you grow?

Fortunately, there is an answer that serves both sides. A modern customer relationship management (CRM) approach, embracing gamification and data analytics, frees your company up to excel at customer acquisition while delivering powerful levels of retention.

Many companies fail to turn their CRM strategy into a retention tool or leverage it to help with customer acquisition. By building a functional and relevant program, you can differentiate yourself from these also-rans.

Up Your Game With a Newly Imagined, Dynamic CRM Approach

Improved CRM practices can take a few forms, all worth investigating. It’s important to note that making better use of customer relationship data isn’t an end unto itself. Rather, this is a way to target big, important business goals.

Retaining your customers at higher rates? That becomes easier when you’re making decisions based on data and analytics. Having more time, money and other resources free for acquisition? That’s what happens when your CRM approach is more focused and efficient.

As long as your business interacts with customers through a digital experience such as an app, you have data flowing in that can inform the future of your CRM strategy, as well as touchpoints where you can use tools such as gamification to please and engage your audience.

Consider the success of companies that have taken this approach with the Perx platform:

  • An 86% customer engagement rate.
  • 225% user growth.
  • Outreach campaigns that are 320 times faster to set up and execute.

These types of transformations are in reach for businesses that commit to not just holding customer data but applying it to everyday interactions.

Some of the general effects of a dynamic approach to customer data include:

  • An opportunity to identify and nurture the most valuable communication channels.
  • A streamlined path for acquiring, onboarding and delighting new customers with dynamic experiences and rewards.
  • Deeper connections with existing customers, created by reaching them at multiple touchpoints, online and offline.
  • A higher volume — and quality — of customer interactions, improving lifetime value and promoting brand advocacy.
  • Better personalization of rewards, driving instant gratification, social virality and long-term loyalty.

Better CRM strategy, with all its inherent advantages, is at the core of customer retention. Now, to collect and use the data that powers this concept, you need a practical way to stay engaged in your customers’ lives and lifestyles. That’s where gamification comes in.

Playing the Right Hand to Win Your Customers’ Hearts: 5 Gamification Tips

Better CRM practices let you understand your customers’ lifestyles. You can uncover their particular interests, their unique differentiators and their wants and needs. While this would be a challenge in the more opaque world of analog business, data makes it possible. Gamification gives you a quick and practical way to use the resulting insights.

Your interactions with customers can evolve. Rather than dealing with a business, merely carrying out transactions, they’re doing something fun and compelling that boosts their serotonin.

Rewards programs are the perfect place to create gamified experiences that fit seamlessly into your customers’ lifestyles. When using your brand’s app feels immediately rewarding, your customers are well on their way to becoming enthusiastic arand advocates.

Here are five ways to launch a gamified customer interaction strategy in which everyone wins:

  1. Focus on instant gratification: If customers have to wait too long to earn perks and bonuses they like, there’s a greater chance they’ll abandon your platform. Delight them right away with a user-friendly mobile experience and an introductory reward to get off to a strong start.
  2. Create a continuous, exciting cycle of rewards: Legacy rewards programs tend to show a lot of user downtime. Customers earn a few points, and then they wait before logging back in to spend them at some later date. Offering more frequent interactions is an easy way to keep your brand top of mind.
  3. Build the entire program around customer lifestyles: What do your customers do for fun? What do they value? What kinds of rewards and interactions excite them — and how do they share that excitement with friends and family? These are the questions that should guide interactions and reward design.
  4. Make rewards personalized and meaningful: The more you know about each individual customer, the more closely you can align brand rewards with their interests. This is why improved CRM strategies are an essential building block for gamified customer interactions that really move the needle on retention.
  5. Fully integrate gamified interactions: You don’t want to silo away your fun, engaging customer experience so only a small group of people can take advantage. Pushing this new data-driven interaction style to as many of your customers as possible creates a powerful loop of good experiences and rich data that fuels future personalization.

With such a strategy in place, your brand can hold onto your customers through consistently compelling experiences. Running these campaigns with a heavy dose of automation behind the scenes means they are more efficient and cost-effective than manual efforts and frees up resources for acquisition and other marketing strategies. Add this to the referrals and brand advocacy of your newly delighted customers, and it’s easy to see how retention and acquisition can exist side by side.

Want to know more? Read our case study to find out how Mambu and Perx used supercharged last-mile experiences to turn brand customers into superfans.

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Global businesses have driven over 5 billion customer-brand interactions on Perx.

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How a Gamification Rewards Program Can Drive Employee Engagement and Retention

How a Gamification Rewards Program Can Drive Employee Engagement and Retention

Grace Alexander

MarTech Blogger | June 6, 2022


As an employer today, you’re likely thinking about how to engage and retain your employees. The balance of power is shifting somewhat, with workers suffering from burnout leaving their current jobs and taking their career paths into their own hands. It’s a big enough trend to get its own name: the Great Resignation.

Top performers departing: A real threat

According to Hays research, 61% of employees are considering leaving their jobs in 2022. That’s even more than the 51% who gave the same answer in 2021. This is an especially tricky time for companies to be losing so many employees, as 52% of employers told Hays they are struggling to fill open positions due to a lack of applicants.

Keeping your top-performing employees under such circumstances means rethinking your approach to rewards, benefits and everyday engagement. If your current solutions aren’t doing enough to hold workers’ attention, you need a new approach. But what form should this new strategy take?

Employee morale and gamification 

As it happens, the key to employee engagement may prove to be very similar to customer engagement: Modern, data-driven rewards programs. By gamifying and personalizing the interactions between you and your employees, you can create a more enjoyable, rewarding workplace, where employees will be happy to stay.

Leaders typically know that recognition programs are a key component of retention. The Hays survey discovered that recognition schemes are the second-most-popular form of retention measure, with 42% of companies trying this avenue. The only strategy seeing more use is increasing communication at 43%.

With more than two-fifths of companies ramping up their recognition plans, one thing is clear: simply recognizing employee achievements is not enough to differentiate a business. To really stand out to your workers, you have to deliver a plan that suits their needs and preferences. This critical edge can come from enjoyable, gamified experiences.

The gamification edge

Gamification, the process of using game-like mechanics in non-game situations, is a common strategy for making experiences more fun and engaging. Why is it such a useful tool in reaching out to employees? It comes down to motivation.

Gamification’s focus on fun and enjoyable interactions makes it a natural match for programs that people will want to engage with. According to the Society for Human Resource Management, the competitive striving and reward-based structures associated with gamification are good motivators for employees.

Both private affirmation and public recognition of employee achievements can be important parts of gamified rewards programs. The SHRM noted that younger employees, millennials and members of Generation Z, are motivated by a need for recognition.

Indeed, the recommended reward types for employee engagement strategies look a lot like those associated with customer reward programs. In both cases, gamified experiences of interacting with company apps provide positive feedback for the person using the system, as well as social proof of their success.

More than leaderboards and badges

Another connection between customer rewards and employee rewards is the need for programs that will go beyond the baseline to create a connection with users. In the case of customer rewards, this means businesses should look beyond basic “earn and burn” point-spending programs. In the world of employee rewards, employers should move beyond genetic badges and accomplishment leaderboards.

Companies can reach this new level by building their gamified employee reward strategies around a lifestyle marketing platform, a more adaptable and data-driven form of technology. With such a responsive system, it’s possible to set up immediately gratifying rewards based on employees’ preferences.

With an advanced platform, your company can offer a variety of interactive features, putting your internal employee programs on the same level as industry-leading customer loyalty programs. This may mean creating a digital space for employees to communicate or receive feedback from leaders. It could also entail a marketplace for rewards and perks.

The key to crafting a gamified and personalized employee engagement strategy is to guide the deployment with data about your workers. No two companies will have the exact same ideal rewards scheme, because no two workforces are quite alike.

Psychological and cultural benefits of a gamified employee rewards program

Rewards and gamification can both have positive effects on the way employees think about their work and engage with companies, and when put together, the effects can combat the increasing rupture between workers and their employers.

  • Rewards can be designed to bring employees in line with a positive company culture. SHRM stated that employee rewards should be aligned with a company’s mission and organizational values, and should be integrated smoothly into employee life. A well-crafted program can tie rewards to events such as an employee demonstrating a commitment to company values, or having a positive effect on their coworkers’ morale. There can even be rewards attached to recruitment and retention, thanking workers for strengthening their teams.
  • Gamification is a tool that can make some of the most tricky elements of workers’ days into fun, or at least compelling, activities. Law Journal noted that, from encouraging employees to study new areas of competency to changing their behavior, human resources departments can tie some of their overall objectives to gamification. The serotonin rush of receiving a well-chosen reward can be a powerful incentive.

By combining carefully designed rewards strategies with well-integrated gamified elements, companies can become employers of choice, even at a time when employees are often searching for greener pastures. If your company’s rewards approach is outdated, or if you don’t have one at all, now is a great time to commit to an upgrade.

Employee engagement gamification: Powered by Perx

The connection between employee engagement and customer engagement becomes clear when you consider that the ideal tool for customer rewards — the Perx lifestyle marketing platform — is also perfect for use with your employees. All the features of a great customer retention program, from instantly gratifying app interactions to carefully selected reward choices, are useful tools for employee retention.

All of these capabilities are available through Perx. Learn more now!

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Global businesses have driven over 5 billion customer-brand interactions on Perx.

Ready to join them?