The Loyalty Lighthouse lowdown:
The potential of personalisation is alluring, with benefits for companies, their employees, business
partners and customers. But despite its promise,
good personalisation is still uncommon. That’s because there are obstacles, especially for
companies starting out.
On a scale from creepy to cool, personalisation – and its
newer offspring, hyper-personalisation – might just be
heading in the right direction. Compared with five years ago,
it’s now more accepted and perhaps also more expected, as
more of us experience it and understand how we can benefit
from it.
But that is happening surprisingly slowly. Anecdotally, the feeling seems to be that, while there are a few examples of great
personalisation, very few companies are really nailing it.
Personalisation: what it is
If generalised is intended for everyone, personalised is tailored for me.
At a very basic level, a generalised offer is something like “3 for the price of 2, while stocks last.” A personalised offer would be
something like: “during your birthday month, get 20% off all cakes and candles” – the kind of reward many loyalty programs
started off with decades ago.