{"id":11500,"date":"2023-04-05T18:40:02","date_gmt":"2023-04-05T18:40:02","guid":{"rendered":"https:\/\/breadstack.com\/?p=11500"},"modified":"2023-10-09T04:19:41","modified_gmt":"2023-10-09T04:19:41","slug":"brand-loyalty-cannabis","status":"publish","type":"post","link":"https:\/\/breadstack.com\/insights\/marketing\/brand-loyalty-cannabis\/","title":{"rendered":"Building Brand Loyalty in the Cannabis Industry"},"content":{"rendered":"\t\t
Cannabis consumers have many options to choose from when it comes to purchasing. As a cannabis business, how do you get customers to keep coming back?\u00a0<\/span><\/p> The answer is brand loyalty.\u00a0<\/span><\/p> If a customer is loyal to a brand they will continually keep purchasing from the same cannabis store<\/strong>.\u00a0<\/span><\/p> In this article, we\u2019ll give you all the information you need to know about brand loyalty for your cannabis store.\u00a0<\/span><\/p> Let\u2019s get started.<\/span><\/p> Brand loyalty is when a customer continues to purchase from the same business time after time<\/strong>. <\/span><\/p> Brand loyalty focuses on how a customer perceives your brand. It\u2019s a vital tool for cannabis owners to retain customers and increase repeat sales.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t Brand loyalty for cannabis businesses is essential. There are lots of stores in the market. Brand loyalty keeps customers coming back to repurchase<\/strong>. <\/span><\/p> Knowing your cannabis store has loyal customers gives you an edge over the competition.\u00a0<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t Building brand loyalty with customers helps you limit acquisition costs.\u00a0 It\u2019s a lot more expensive to gain new customers<\/a> than to keep existing customers. <\/span><\/p> Loyal customers are also willing to spend more on average<\/strong>. <\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t Brand loyalty helps bring in new customers. Existing customers can talk about your products to other people to spread the word<\/strong>. <\/span><\/p> This saves money on your marketing budget by having customers that love your products continue to talk about them.\u00a0<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t Having strong brand loyalty can provide a competitive edge for businesses in the cannabis industry.<\/p> When customers are loyal to a particular brand, they are less likely to switch to a competitor’s brand, even if they offer a lower price or other incentives.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t Getting brand loyalty with your customers isn\u2019t an easy feat, but it can be done. See how to attract brand loyalty organically.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t Your cannabis business needs to have a clear goal that resonates with your customers<\/strong>. The mission gives your business a personable aspect. <\/span><\/p> Customers want to know the cannabis store they choose isn\u2019t just a corporate place set out to make money. They want to see what you care about and how you strive to make a difference in cannabis. <\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t Customers want brands to be open and honest. Cannabis owners that can provide a clear take on their products, efforts and other practices can expect customers to connect with them better. <\/span><\/p> More customers are becoming interested in the products they buy. If everything isn\u2019t out in the open it may question their buying decisions<\/strong>. <\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t The cannabis market has had a lot of competition ever since its legalization.\u00a0 More and more stores are popping up in person and online. You need to find a way to be unique and stand out<\/strong>. <\/span><\/p> Ask yourself, what you can do better than the competition? It could be more sustainability, higher quality products, or anything else that helps you stand out. <\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t Implementing brand loyalty for your cannabis is an important step to standing out in the market and getting customers to keep coming back.\u00a0<\/span><\/p> Here are a few strategies to use for brand loyalty in cannabis. <\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t Loyalty program’s goal is to build loyalty and create more customer retention. It gives users an incentive to keep coming back<\/strong>. This could be through using points or offering special offers or discounts.\u00a0<\/span><\/p> Loyalty programs create brand loyalty because it keeps customers coming back to the store. As long as your cannabis business can deliver great customer service and great products, you\u2019ll have no issues with creating brand loyalty.\u00a0<\/span><\/p> True North Cannabis<\/a> has a loyalty program called \u201cVip\u201d.\u00a0 Customers that sign up can receive special discounts, offers and other exclusive deals.<\/span><\/p> True North Cannabis loyalty program works because it gives customers a clear reason to continue shopping and gain the rewards of being a VIP member.\u00a0<\/span><\/p> Do loyalty prgrams work? Check out our article about them – “Are customer loyalty programs effective<\/a>?”<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\tWhat is brand loyalty?\n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
Benefits of brand loyalty for cannabis stores<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
Limit acquisition costs<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
Bring in new customers<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
Gain the competitive edge <\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
How to attract brand loyalty for your cannabis store\n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
Have a clear mission\n<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
Show honesty and transparency<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
Surpass the competition<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
Strategies for brand loyalty in cannabis<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
Loyalty program<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t