Client's Acceptability of Loyalty Cards in a Pawnshop
Keywords:
Acceptability, clients, loyalty cards, pawnshopAbstract
This study examined how well loyalty cards are accepted at a pawnshop in terms of product, price, place, and promotion for the calendar year 2024. Using a descriptive research design, data was collected from 376 clients through a reliable and valid survey. Most clients were younger, female, married, and had lower income with many transactions. Overall, there was a very high acceptance of loyalty cards across all categories, although the "place" category scored the lowest. The study found no significant differences in acceptance levels based on age, gender, civil status and average family monthly income, except for some variations in the product category related to income and in the place and promotion categories based on age. Both single and married clients, as well as those with varying incomes, showed high acceptance levels. These findings suggest that marketing strategies should be developed to enhance the appeal of loyalty card offerings.
References
Alexandrescu & Milandru, (2017) The Role of Promotion and Service Quality in Increasing Consumer Satisfaction and Loyalty in Pawnshops. https://www.researchgate.net/publication/355442422_The_Role_of_Promotio and_Service_Quality_in_Increasing_Consumer_Satisfaction_and_Loyalty_in_Pawnshops
Anderson et al., (2023) Analyzing the impact of loyalty cards programs on customer behavior: insights from the Albanian market. https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10682604/pdf/f1000research-12-158974.pdf
Arisuddin, M. F., Suyono, J., Elisabeth, D. R., & Bonn, A. B. (2020). Determinats of Customer Purchasing Decision: Price, Product, and Location. IJEBD (International Journal of Entrepreneurship and Business Development), 3(4), 445-455. https://download.garuda.kemdikbud.go.id/article.php?article=1916113&val=11801&title=Determinats%20of%20Customer%20Purchasing%20Decision%20Price%20Product%20and%20Location
Caporaso, (2021) Customer Happiness as a Function of Perceived loyalty. program benefits - A quantile regression approach. https://www.sciencedirect.com/science/article/abs/pii/S0969698921003362
Dastane & Fazlin, (2017) Effectiveness of Loyalty Programs in Customer Retention: A Multiple Mediation Analysis. https://journals.sagepub.com/doi/10.1177/22786821211000182
De Jesus, F. S., Viray, C. T., & Ramos, J. B. (2021). Loyalty card: Understanding its influence on retail business and consumers. Interdisciplinary Journal of Applied and Basic Subjects, 1(7), 11-19. https://www.researchgate.net/profile/Fhrizz-De-Jesus/publication/353766404_Loyalty_Card_Understanding_its_influence_on_Retail_business_and_consumers/links/61109c0e0c2bfa282a2f7cbf/Loyalty-Card-Understanding-its-influence-on-Retail-business-and-consumers.pdf
Dewi and Kusumawati (2018) Effects of customer loyalty program on customer satisfaction and its impact on customer loyalty. https://ssbfnet.com/ojs/index.php/ijrbs/article/view/603
Echdar, (2019) Determinants of the customer purchasing decision: price, product and location. https://core.ac.uk/download/pdf/389393429.pdf
Espanto, M., & Sigaya Jr, S. (2024). Acceptability of Locally Made Tablea: Basis for Marketing Plan. International Multidisciplinary Journal of Research for Innovation, Sustainability, and Excellence, 1(2), 84-96. https://risejournals.org/index.php/imjrise/article/view/48
Fernandez, A. (2024). Acceptability Level of Microinsurance in a Financial Institution for Marketing Plan. International Multidisciplinary Journal of Research for Innovation, Sustainability, and Excellence, 1(6), 356-366. https://risejournals.org/index.php/imjrise/article/view/478
Gurbuz, E. (2019) Theory of new product and development and its application. https://www.intechopen.com/chapters/59751
Haverila, M. J., & Twyford, J. C. (2022). The relationships between the satisfaction, value for money and repurchase intent construction the context of wine tasting room. Journal of Wine Research. https://doi.org/10.1080/09571264.2022.2081539
Hernandez, A. A., Caballero, A. R., Albina, E. M., Balmes, I. L., & Niguidula, J. D. (2023, May). Analysis of Green Marketing for Sustainability: Evidence from select Social Enterprises in the Philippines. In 2023 8th International Conference on Business and Industrial Research, 442-446. https://www.researchgate.net/profile/Alexander-Hernandez-13/publication/371108835_Analysis_of_Green_Marketing_for_Sustainability_Evidence_from_select_Social_Enterprises_in_the_Philippines/links/6472b394a25e543829d0cc13/Analysis-of-Green-Marketing-for-Sustainability-Evidence-from-select-Social-Enterprises-in-the-Philippines.pdf
Ivanova, M. (2012). A benefit-based approach for increasing the effectiveness of promotions. Analele Ştiinţifice ale Universităţii» Alexandru Ioan Cuza «din Iaşi. Ştiinţe economice, 59(2), 67-82. https://www.researchgate.net/publication/235736104_A_Benefit-Based_Approach_for_Increasing_the_Effectiveness_of_Promotions
Kalinová, E., & Mílová, T. (2022). Loyalty cards as a form of sales promotion for retail chains and their impact on customers. LITTERA SCRIPTA, 1. https://littera-scripta.com/wp-content/uploads/2022/04/1_2022-01-Kalinova-Milova.pdf
Khairawati, S. (2020). Effect of customer loyalty program on customer satisfaction and its impact on customer loyalty. International Journal of Research in Business and Social Science (2147-4478), 9(1), 15-23. https://www.researchgate.net/publication/338379385_Effect_of_customer_loyalty_program_on_customer_satisfaction_and_its_impact_on_customer_loyalty/link/5eadbd5a92851cb2676f9216/download?_tp=eyJjb250ZXh0Ijp7ImZpcnN0UGFnZSI6InB1YmxpY2F0aW9uIiwicGFnZSI6InB1YmxpY2F0aW9uIn19
Kim, H. (2022, June 15) 5 Features of an effective loyalty card program. Swiftly. https://www.swiftly.com/blog/key-features-to-an-effective-loyalty-program
Kimura, M. (2022). Customer segment transition through the customer loyalty program. Asia Pacific journal of marketing and logistics, 34(3), 611-626. https://www.emerald.com/insight/content/doi/10.1108/APJML-09-2020-0630/full/html
Kotler, P., & Keller, K. L. (2016). Marketing Management (15th Editi). England: Pearson Education Limited.
Krypelm S. (2023, November 1), Consumer Programs amidst economic pressures. Commercetools. https://commercetools.com/press-releases/survey-consumers-reliant-on-loyalty-programs-amid-economic-pressures
Myftaraj, E., & Trebicka, B. (2023). Analyzing the impact of loyalty card programs on customer behavior: insights from the Albanian market. F1000Research, 12. https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10682604/
Oszi, T. (2024, January 25) Loyalty program trends: Global customer loyalty report. Antavo. https://antavo.com/blog/global-customer-loyalty-report-2024/
Tomczyk, P. (2018). Knowledge from customers. Definition and research areas. Handel Wewnętrzny, (4 (375) tom I), 377-389. https://www.researchgate.net/publication/321608604
Sonntag, M. (2024) Product distribution strategy: the ultimate guide. Repsly. https://www.repsly.com/blog/consumer-goods/everything-you-need-to-know-about-product-distribution
Sumague, E. N. R., & Briones, J. P. (2022). Impact of social media marketing on the perceptions of e-shopping customers in the City of Santo Tomas, Batangas, Philippines. American Journal of Social Sciences and Humanities, 7(2), 85-96. https://onlinesciencepublishing.com/index.php/ajssh/article/view/793/1510
Villanueva, J. (2022, October 11) New Normal Prompt Filipinos to buy insurance coverage. Philippine News Agency. https://www.pna.gov.ph/articles/1185892
Downloads
Published
Issue
Section
License
Copyright (c) 2024 Rodel H. Noceda, Dr. Salvador S. Sigaya Jr. (Author)

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.