Gavin Hewitt - Gamification and Rewards: How big brands are rewarding their customers to build...

Post on 30-Oct-2014

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Despite the overwhelming focus on badges in the gamification community, badge-only solutions have minimal impact on long term customerengagement. Big brands have discovered that the secret to driving customer loyalty is allowing customers to redeem points for tangible and intangible rewards. Discover both why redeemable rewards work to build loyalty and engagement, as well as how to successfully integrate a rewards system into a gamified loyalty program. Using examples from the NFL, Yamaha Corporation and Adobe, find out what customers are looking for, and how rewards fit into the gamification puzzle.

Transcript of Gavin Hewitt - Gamification and Rewards: How big brands are rewarding their customers to build...

REWARDS MATTER

Gavin Hewitt| VP of Sales | gavin@bigdoor.com

04/08/2023 BigDoor 2

BIGDOOR POWERS GAMIFIED REWARD PROGRAMS

THAT INCREASE CUSTOMERACQUISITION,

ENGAGEMENT &

RETENTION

04/08/2023 BigDoor 3

Rewards vs. Badges

Why

Who

What

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WHY Do Rewards Matter?

• Bigger impact on user behavior

• Redeemable currency provides a granular enticement mechanism

• Redeemable currency builds relationship equity

• Embodies the thank you economy

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Rewards Impact Participation

*Forrester

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Well Understood Agreement

*Forrester

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BigDoor’s Own Cohort Analysis

Registration Engagement Loyalty0

0.5

1

1.5

2

2.5

3

3.5

4

4.5

Rewards & BadgesBadges Only

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HOW Are Big Brands Using Rewards?

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NFL’s Value Based Onboarding

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Yamaha Leveraging Enticement

Extended To Mobile

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Experiential Rewards

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Discounts & Access

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Fame As A Reward

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Even Generic Rewards Work

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Sweepstakes As Rewards

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Reward Progression

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WHAT Are Some Best Practices?

1. Dollar backed or non-dollar backed?

2. Leverage rewards for onboarding

3. Always have a “sink”

4. Sweepstakes as rewards

5. Provide experiential rewards

6. Redeem early, redeem often

7. Highlight progression

Thank you

Gavin Hewitt| VP of Sales | gavin@bigdoor.com

REWARDS MATTER