Retailers exchange discounts for action-oriented involvement
Implications - Seeking to get consumers more actively involved, brands are offering discounts and rewards based on participatory involvement. Requiring individuals to fulfill tasks, these action-based loyalty techniques help prevent complacency, using activities and interactive experiences to incite a greater connection with consumers.
Trend Themes
1. Action-based Loyalty Programs - Consumers are being rewarded for their actions, rather than only for their purchases, creating opportunities for retailers to engage with consumers in new ways.
2. Participatory Environmental Programs - Consumers are incentivized to participate in environmental initiatives, creating opportunities for retailers to provide products and services that promote environmental sustainability.
3. Health Rewards and Incentives - Businesses are offering incentives to reward people who engage in healthy activities or make healthy choices, creating opportunities for retailers to promote health and wellness products.
Industry Implications
1. Retail - Retailers are using action-based loyalty programs to build stronger relationships with consumers and promote customer engagement.
2. Food and Beverage - Restaurants and grocery stores are incentivizing healthy choices and environmental sustainability, creating opportunities for businesses to promote healthy and eco-friendly options.
3. Healthcare and Insurance - Insurance companies and healthcare providers are offering rewards and incentives for healthy behavior, creating opportunities for businesses to promote health and wellness products and services.
