Background
Planet M is the leading music retailer in India with over 100 outlets. Planet M was The Times of India group’s initiative which was later acquired by the Videocon Group. M-Xtasy World is the loyalty programme with over 5 lakh members. The loyalty programme was managed in-house. Coordinating with multiple departments and data sources often led to delays in updating of points, redemptions etc.
Opportunities:
- Out source the entire loyalty management process to a specialist
- Make the Loyalty Programme self sustaining
- Build an on going relationship that goes beyond transactions
- Explore opportunities to increase the share of wallet
TheoryM Solutions:
Take over the entire process of Loyalty Programme management including
- Data entry
- Data integration
- Database management
- Operations
- Redemptions
- Strategy
- Creative
- Monitoring
- Analytics