TLDR Marketing · STRATEGIES & TACTICS

HOW TO DELIVER GREATER VALUE THROUGH LOYALTY AND PRICING BENEFITS

mckinsey.com8 min read

Summary from the TLDR Marketing newsletter

As consumer habits evolve amidst economic uncertainty, businesses are exploring innovative approaches to drive growth and improve retention. Loyalty programs that integrate pricing strategies such as memberships through price-based benefits are very promising avenues. However, challenges such as organizational coordination and analytical complexities pose obstacles to fully integrating the approach. This article discusses the main hurdles and the suggested approaches.