What do Rewards Systems usually cost?
A custom built rewards system typically runs from $100 to $250 per Hour to develop, and that doesn't include integrating with your P.O.S.
Do your own research, a complete system that you have designed and customized to your business will easily set you back from $150,000 to as much as $400,000, plus at least $10,000 per month to have an agency run it. You could hire an extra person to run it but there would still be the fees of at least $3,000 a month for maintenance of the software.
Several of the P.O.S. systems available have limited built-in solutions but they require you to own their P.O.S. Hardware. They typically have an outside firm that has built a basic cookie-cutter system with very limited customization and they all have a lot of manual steps to make it function properly. Organizations rarely stay on the program because of all the steps required by business employees to run it, not to mention the training involved to make it properly function. When there is employee turnover this becomes a real problem.
The SaaS (Software as a Service) systems are all cookie cutter, template based systems with very limited customization, and even they run from between $100 to $500 per month. There is usually a hefty set-up fee, typically north of $300 and then the expensive monthly fee. And each time you need to change or add features it's typically another $100 minimum on top of the monthly fee.
One of the cheapest ones out there is $120/mo for full function and no gift card system. There is no automation and an employee must STAMP the users phone each time, requiring their special little stamp which always tends to get misplaced in a busy facility. In addition, an employee must redeem the awards making the whole process rather cumbersome. The R.O.I. is not that great once you figure in the extra time involved with an employee to oversee the program.
None of these have the customization of TouchlessLoyalty™, nor the Gift Card add-on, and NONE even approach our pricing.
