Andy Choi, founder and CEO of Do Good Points, examines the role of loyalty in sustainability and social impact. He explores the importance of genuine, non-transactional activities in loyalty programs and the concept of "profit with purpose."
0:00
Hi there, I'm Amanda Cromhoe from Truth. Welcome to the Blind Laugherty
0:11
Challenge.
0:12
We interview world experts in loyalty blindly. We're hoping to create insight,
0:19
spontaneity
0:19
and a lot of fun through the challenge. The challenge is about promoting the
0:24
Blind Laugherty
0:25
Trust and my book called Blind Laugherty, a hundred and one loyalty concept
0:29
radically
0:30
simplified. All profits from the book go towards the trust. We hope you enjoy
0:36
the Blind Laugherty Challenge.
0:37
So today on the Blind Laugherty Challenge we have Andy Choi who is the founder
0:48
and CEO of
0:49
Do Good Points and thanks to Bill Hanifin, Bill Tagdu Andy. So welcome to the
0:54
Blind Laugherty Challenge.
0:56
Thanks Amanda, it's really nice to be here. It's awesome to have you because we
1:01
haven't met
1:02
before and it's always amazing to meet new special individuals in the loyalty
1:06
industry and obviously
1:07
to learn about incredible organizations such as Do Good Points. So for me this
1:12
is a real privilege.
1:12
So thank you for making the time. Yeah and thank you. I love what you're doing
1:18
and your story.
1:18
So I'm super happy to have this conversation. Yeah cool. Well let's get
1:23
straight into it. So
1:24
my first question in Blind Laugherty chapter 60 we talk about loyalty and
1:29
sustainability but
1:31
not just sustainability from an environmental point of view but from the social
1:34
cause point of view
1:35
as well. So in your opinion how big a role can loyalty play in sustainability?
1:43
Yeah and I think
1:45
just not just sustainability to your point I think in regards to just social
1:49
impact right.
1:49
Anything that kind of really puts humanity first and people and just making a
1:54
world just a little
1:55
bit of a better place. I think loyalty plays an incredibly important role in
2:01
that. The word
2:02
loyalty itself is this trust is you know is a relationship right and when I
2:08
think about what it
2:09
takes to build a better world it is it's the act of loyalty being loyal to our
2:14
environment
2:15
to society to humanitarian efforts and when I think about engagement from a
2:21
brand perspective
2:22
or community perspective how people come together to do something greater than
2:27
themselves that is
2:29
the essence of what loyalty is and what drives that loyalty and that connection
2:33
. Yeah beautiful.
2:35
Absolutely amazing. Wonderful. So I see on do good points that your members can
2:42
do all sorts of
2:43
cool things and then with that drives tearing and points and benefits so to
2:49
speak. So in chapter
2:51
44 of Blind Laugherty we talk about non-transactional activities and rewards.
2:58
Just talk me through how
3:00
important is this for programs to get this right or is it just a marketing fufu
3:06
idea?
3:06
I mean it's a little bit of both right marketing oil has fufu ideas and it's
3:13
part of you know it
3:14
just comes with the territory but that said I think it's intentionality that
3:18
really distinguishes
3:19
what a program and something can do comparative to just the packaging and like
3:25
you know the green
3:26
washing and all of that it's like stuff that kind of happens in the marketplace
3:31
that's inevitable but
3:32
when it comes down to the actual program and what it what it means to be
3:36
genuine and to care
3:38
deeply about something and to work and move towards that you can't fake that
3:43
right and you can't
3:45
and people are too smart your consumers your customers your your community
3:49
members they're too
3:50
smart right they know what it means to be really a part of something to believe
3:54
in something and
3:55
participate in something like a loyalty program that really reflects their
4:00
values shares their
4:01
core beliefs and is working towards something whether it's sustainability or
4:05
some type of social
4:06
impact whether that's women's rights or you know saving turtles whatever it may
4:12
be like there's a
4:13
community and there's a loyalty program that reflects that and that the the gen
4:17
uineness of that and
4:18
the intention behind that is something we cannot fake and whether it be
4:22
transactional or not like
4:24
the intention behind those programs is what will get exposed and what would
4:29
drive the success
4:30
and longevity of that program yeah and yeah i want to bottle that what you're
4:34
saying and just repeat
4:36
it because it's so in it's so valuable around you know you can't fake it when
4:41
it's really real i mean
4:42
that's certainly how i feel about blind loyalty like there's nothing fake
4:46
around how i push the trust
4:47
because it's so real it's so important and it's so beneficial to so many
4:52
individuals who we can have
4:55
but then the way you tie it back to loyalty and the the philosophy of the
4:59
brands you know is it
5:00
genuine is it or is it greenwashing and um you know i love that so let me
5:06
finish my last question on
5:08
so based on all of that one of the questions i'm often asked is well how do you
5:12
actually measure
5:13
the commercial return on non transactional activities it's all very well and
5:19
good and it's
5:20
it's great and it's in line with philosophy and but how do you measure it yeah
5:26
i love that
5:27
question because there's always a misconception that it's just a feel good
5:31
thing right like it's
5:32
just the packaging and it's not it's what we call the business of doing good
5:36
and and there's always a
5:40
qualitative and a quantitative way to measure both and i love what you're doing
5:45
with blind loyalty
5:46
right to your point like it is the essence of your mission and your brand and
5:50
your story
5:51
but you figured out a way to do a business around it to actually market it to
5:56
create a book that
5:58
drives proceeds and sales that support that mission and that story right so
6:03
then that transactional
6:04
aspect of it is a part of it so then from a qualitative standpoint your story
6:09
is your story
6:10
no one can take that away from you right your intention your your your genuin
6:14
eness your realness
6:15
that is you the quantitative aspect of it is the number of books you can sell
6:20
the number of
6:21
decisions we can have right like those are the things that are actually
6:24
measurable KPIs that
6:26
drive forward what we call again the business of doing good and for us all of
6:31
that is summed up
6:32
and towards what we talk about profit with purpose right how do we drive profit
6:38
with purpose because
6:39
we live in a capitalistic society and we all participate in that and there's
6:43
nothing wrong
6:44
with that what we're saying is how do we get a portion of that or the intention
6:50
ality of that to
6:51
to work towards something that's greater than ourselves to make the world a
6:55
little bit of a
6:56
better place to be make it more sustainable to make it better for our children
7:00
and our families
7:00
and our kids right those are things that are not just big ideologies are nice
7:06
to have
7:06
those are things that we can work towards incrementally right every dollar
7:10
every cent has an impact
7:12
and how do we drive more of that and again the business of doing good should
7:17
drive profit with
7:18
purpose you're amazing thank you flavenerke i love it profit with the purpose
7:25
and the business
7:26
of doing good i think i just want to bottle up the whole conversation today so
7:29
thank you
7:30
i knew i'd enjoy this discussion when bill suggested we charted bill hanathan
7:34
so thank you bill
7:36
and so now it's your opportunity to tag someone else for me to interview on the
7:40
blind loyalty challenge
7:42
yeah one of my dear friends and so on and advisors in the loyalty space is ch
7:47
ris stop
7:48
with airline information i think you you you would just a really good dude
7:54
and a good friend good guy i think it would be great to have a conversation
7:58
with them
7:59
yeah lovely thank you i know chris a little bit but not super well so it'd be
8:04
an absolute
8:04
pleasure to get to chat tomorrow so awesome thank you so much thank you andi it
8:09
's been such a
8:10
pleasure to chat to you on the blind loyalty challenge thanks amanda appreciate
8:14
the conversation