Wow Bao announced the 'Bao Bucks' program, an industry first for virtual restaurant loyalty programs. The service will be compatible with all of Wow Bao's restaurants, which span over 600 units, each available on Wow Bao's website. The service will work by allowing customers to accrue one Bao Bucks point for each U.S Dollar spent on the website. Then, when users reach 100 points, they will receive $7 USD which can be spent at any restaurant on the website within 60 days.
The service is launching with this single, streamlined feature at its inception in order to attract as many customers as possible to the platform. Wow Bao stated that, as more users join its loyalty program and the program becomes more popular, it will add more rewards, services, and integrations that will increase the attractiveness of the system.
Virtual Restaurant Loyalty Programs
Wow Bao Debuted the Industry's First Virtual Loyalty Program
Trend Themes
1. Virtual Restaurant Loyalty Programs - Virtual restaurant loyalty programs are becoming more popular with the ability to earn points and redeem them for discounts or free items, offering a new way to promote customer retention.
2. Simplifying Loyalty Programs - Simplifying loyalty programs by offering a single, streamlined feature at inception can attract customers, while additional rewards, services, and integrations can be added later to increase interest and retention.
3. Virtual Rewards Programs - Virtual rewards programs can be integrated into virtual restaurant loyalty programs to keep up with the trend in digital options for customers to receive tangible benefits.
Industry Implications
1. Virtual Restaurants - Virtual restaurants can benefit from implementing loyalty programs to promote customer retention and increase interest in their digital platforms.
2. Food Delivery Services - Food delivery services can collaborate with virtual restaurants to implement loyalty programs in order to attract customers and differentiate themselves in a competitive market.
3. Digital Platforms - Digital platforms that support virtual restaurants and food delivery services can offer innovative solutions such as virtual loyalty programs to help their clients attract and retain customers.