Team BigCity - June 12, 2024
Our Role: Strategy | Ideation | Technology | Campaign Management | Alliances | Rewards | Fulfilment
Overview
Havells were looking to increase their share of Diwali related spend over this key trading period.
Our strategy was to not only maximise traditional seasonal purchases around larger big-ticket items, but to maximise overall basket spend by also promoting their grooming range of products. Especially as festival season is synonymous with attending parties and festivities, and it is a time when everyone wants to look their best.
We therefore created “Open the Door of Happiness” a gamified experience that customer spending over Rs. 1500 and above could play. Behind each door there was either an assured reward such as a movie ticket or an Rs 100 Bookmyshow voucher or the chance for one lucky customer to win a scooter.
Impact
By focusing on Diwali and the traditions and behaviours associated with the festive season we were able to create a very synergetic reason to spend more with Havells along with a gamified experience that delivered high participation, sales and impact through a very rewarding everyone wins mechanic.
Our platform is designed to handle both, giving clients full flexibility. Our core B2B/Trade Loyalty programs are long-term strategies, often sustained for an average program tenure of 4 years, focused on building retention and maximizing partner lifetime value. However, we also execute short-term, tactical campaigns—or 'short-burst schemes'—such as scratch cards, lucky draws, and high-sales contests, to drive immediate spikes in sales or achieve quarterly targets.
Success is measured through a set of critical Key Performance Indicators (KPIs) tracked in real-time. These metrics cover two key areas:
1. Financial Outcomes: Tracking Sales Uplift (incremental revenue generated), Customer Lifetime Value (CLV), and Average Order Value (AOV) to ensure financial profitability.
2. Behavioural Metrics: Measuring Customer Retention Rate (or churn reduction), program Enrolment and Participation Rates, and the Frequency of Purchases to confirm that the program is successfully changing partner behaviour.
For well-designed and executed B2B loyalty programs, a strong return is primarily driven by:
• Retention: Significantly reducing customer or partner churn, as retaining a client is far more cost-effective than acquiring a new one.
• Incremental Sales: Ensuring that rewards are paid out only for performance that exceeds existing sales baselines, making the program self-funding based on growth.
• Wallet Share: Incentivizing channel partners to prioritize and sell a greater share of your products over a competitor's.
Our expertise spans a comprehensive range of sectors that rely on robust channel partner and trade networks for success. We routinely power campaigns for major brands in Automotive, FMCG, Retail, Consumer Durables, Building Materials (including cement, paint, and sanitaryware), Electrical Equipment (like lighting and switchgear), Oil & Lubricants, and Pharmaceuticals, Financial Services, Telecommunications, and Technology sectors. Essentially, any business that leverages a network of dealers, distributors, retailers, or third-party influencers—such as mechanics, architects, or contractors—to drive product sales can utilize our fully customized B2B loyalty solutions.
A promotech company specializing in tactical and loyalty campaigns, offering Retailer Programs, Influencer Programs, Distributor Programs, and Sales loyalty Programs. We leverage rewards, engagement-based technology, and loyalty strategies backed by AI and insights.