Design a comprehensive loyalty program for [BUSINESS TYPE] that maximizes customer engagement and repeat purchases. Outline key components such as [REWARD STRUCTURE], [TIERED BENEFITS], and [PERSONALIZATION STRATEGIES]. Include metrics to track success, such as [REDEMPTION RATES], [CUSTOMER LIFETIME VALUE], and [PROGRAM ROI]. Provide actionable steps for implementation, from onboarding to long-term retention, while addressing common pitfalls like [POINT EXPIRATION] or [LACK OF ENGAGEMENT]. Ensure the program aligns with [BRAND VALUES] and appeals to [TARGET AUDIENCE].