Jeunesse Preferred Customer Loyalty Launching NAM October ... · 1. Retail Customer – Makes a...
Transcript of Jeunesse Preferred Customer Loyalty Launching NAM October ... · 1. Retail Customer – Makes a...
2018
®
©2018 Jeunesse Global Holdings, LLC. All Rights Reserved. Published 09062018Jeunesse is a trademark of Jeunesse Global Holdings, LLC
• We are in the business of finding Customers, keeping Customers
and maximizing profitability.
• Customers are your business – without them you have no business!
CUSTOMERS ARE YOUR BUSINESS
WHY WE LOVEOUR CUSTOMERS
CUSTOMERENGAGEMENT
Increased Revenue
Increased Brand Loyalty
Increased Purchase
Increased Referrals
Reduced Churn
Increased Cross-sell
• Stay loyal longer
• Talk favorably about the company
• Pay less attention to the competition
• Are less price sensitive
• Offer improvement ideas to the organization
• Cost less to manage than a new Customer
SATISFIED CUSTOMERS
Satisfied
Highly satisfied
Dissatisfied
Loyal
Highly loyal
Disloyal
CUSTOMER SATISFACTION LOYALTY AND RETENTION MODEL
RETAIN
DEFECT
• U.S. companies lose half of their customers in five years
• A typical company has a customer defection rate of 10-30%
• Raising the customer retention rate by 5% can increase the
value of the average customer by 25-100%
https://hbr.org/1996/03/learning-from-customer-defections
WHY CUSTOMERS ARE IMPORTANT
• Top 20% of customers deliver 80% of the revenue
• Existing customers contribute 90% of the revenue
• Top 20% of customers deliver more than 100% profits
• Between 5% and 30% of all customers have the potential
for moving up the loyalty ladder
• 2% upward migration in the loyalty ladder means 10%
more revenue and 50% more profits
Experts Jay Curry and Adam Curry
ACCORDING TO CRM EXPERTS
Strangers – Short-term, low-profit customers
Butterflies – High-profit potential, but tend to be short term and disloyal
Barnacles – Stay around for the long term, but generate relatively low profits
True Friends – Both highly profitable and long-term customers
(Reinartz, W., and Kumar, V., 2002)
TYPES OF CUSTOMERS
• Platinum Tier – The company’s most loyal customers
• Gold Tier – Seek price discounts, less loyal, use multiple vendors
• Preferred Tier – Essential customers who provide the volume to
utilize the company’s capacity, but their spending levels, loyalty
and profitability are limited
THREE LEVELS OF CUSTOMERS
1. Retail Customer – Makes a one-off purchase and pays full price. Can earn loyalty points. Has limited options in Joffice™.
2. Preferred Customer – Chooses to join SmartDelivery and gets a discounted price. Earns increased loyalty points. Has limited options in Joffice.
3. Wholesale Customer – Purchases a Starter Kit, does not build the business. Receives the same discounted price as a Distributor. Has full access to Joffice. Does not get loyalty points. (What is we want to convert a Wholesale Customer to Jeunesse Preferred? )
JEUNESSE HAS THREE TYPES OF CUSTOMERS
JEUNESSE PREFERRED CUSTOMER LOYALTY REWARDS PROGRAMCustomized for your Customers
2018
Introducing
• Discounted pricing with subscribe and save• Loyalty points with every purchase • Free gifts and swag• Gold & Platinum Jeunesse Preferred levels • Fast track option to Gold/Platinum Preferred
• Refer a friend • Upgrade to Distributor • Product specials • New Customer app
JEUNESSE PREFERRED CUSTOMER LOYALTY REWARDS PROGRAM
Month 6(SD 5)
22
Plus 90
11
No redemption
60
Can redeem
60
Can redeem
60
Can redeem
60
Can redeem
60
Can redeem
60
Reward redemption
Loyalty points
Loyalty Incentives
CV
Auto Responder Messages Messages Messages Messages Messages Messages
Jeunesse Preferred Gold Reward Points
Jeunesse Preferred Gold Reward Points
Jeunesse Preferred Platinum Reward Points
Jeunesse Preferred Member Reward Points
Jeunesse Preferred Member Reward Points
Jeunesse Preferred Member Reward Points
60
Month 1Initial Order
Basic loyalty points
11
Month 2(SD 1)
16
IncreasedPoints
Month 3(SD 2)
16
Month 4(SD 3)
22
DoublePoints
Month 5(SD 4)
NEW LOYALTY REWARD PROGRM OVERVIEW
Jeunesse Preferred Customer Loyalty Rewards Program
JEUNESSE PREFERREDCUSTOMER SUPPORT
• A dedicated team at Jeunesse will focus only on Customer calls.
• When the Jeunesse Preferred Customer reaches the Gold or Platinum level, they will have access to a dedicated phone line for more immediate and personalized service.
• Customer Support will be trained on how to help incentivize Customers to stay with us longer
A Gold Jeunesse Preferred Customer has at least two consecutive SmartDelivery orders.
• Can earn extra loyalty points with each purchase
• Will receive product samples, discounts, free gifts
• Direct line to Customer Support
• Fast track to Gold: $350
GOLD JEUNESSE PREFERREDCUSTOMERS Gold Jeunesse Preferred 15% Reward Points
• A mystery gift will ship with the second and fourth SmartDelivery orders
• A way to say “Thank you” to our Customers and let them sample additional products
FREE MYSTERY GIFTSWITH SMARTDELIVERY
• Earn double loyalty points • Access to Platinum Customer Support
• Direct line• Platinum email • Receive a response within 24 hours
• Receives one-time bonus of 90 loyalty points• Free gifts • Birthday specials • Fast track to Platinum is any one-time order of more than $700 (with SmartDelivery)
PLATINUM JEUNESSE PREFERREDCUSTOMERS Platinum Jeunesse Preferred 20% Reward Points
• Fast track to Gold• When a Jeunesse Preferred Customer
places a first-time order of more than $350 USD (or any currency equivalent) and joins SmartDelivery, the Customer will jump to Gold Jeunesse Preferred with all the benefits
• Fast track to Platinum• When a Jeunesse Preferred Customer
places a first-time order of more than $700 USD (or any currency equivalent) and joins SmartDelivery, the Customer will jump to Platinum Jeunesse Preferred with all the benefits
FAST TRACK GOLD/PLATINUM LEVEL
• Jeunesse Preferred Customers can earn loyalty points by referring friends
• With the first purchase from a friend, the Customer who made the referral will receive 10 loyalty points
• The Sponsor will get another Customer, along with the CV from every order
REFER A FRIEND
JEUNESSE CUSTOMER NEW FRONT OFFICE SHOP AND PRICING OPTIONS
New Jeunesse Preferred Customer information
New Gold Jeunesse Preferred Customer information
New Platinum Jeunesse Preferred Customer information
Joffice drop-down information
New Retail Customer & Jeunesse Preferred
Customer Mobile App
Have your Customer: 1. Download the mobile app2. Choose the Jeunesse Preferred Customer price3. Create their Joffice login information 4. Sign up for SmartDelivery – with any amount of product. As
long as they stay on SmartDelivery, they will maximize their loyalty points and earn free gifts and products.
They can now shop anytime they want in their Joffice shop, and get discounted pricing while earning loyalty points and free gifts.
JOINING OURLOYALTY REWARDS PROGRAM IS EASY
Once your Customer has enough loyalty points to cover the product they would like, they can: 1. Either use the mobile app and click on redeem points, or log in to
their Joffice.2. Go to the free product shop and select a free product (must have
enough loyalty points to cover the product). 3. Each product shows the amount of loyalty points needed, such as
Luminesce Cellular Rejuvenation Serum: 111 points. 4. Add the shipping and handling payment information.5. Check out. The free product is on its way. 6. Start earning more loyalty points for your next free product.
HOW TO REDEEM LOYALTY POINTS
1. Extra Personal Volume – as long as you are on SmartDelivery, extra points will go to your weak leg and help with cycles (Customers are not in the tree)
2. Points go to your upline
3. Jeunesse will take care of your Customers, so you can focus on building your team
4. All volume from Retail Customers, Jeunesse Preferred and SmartDelivery counts toward ongoing promotional PGV, Matching Bonus, Founders Pool and Diamond Bonus Pool requirements
SPONSOR BENEFITS
©2018 Jeunesse Global Holdings, LLC. All Rights Reserved. Published 09062018Jeunesse is a trademark of Jeunesse Global Holdings, LLC