BITREWARDS ICO

Maret 30, 2018

BitRewards Market Strategy for Development

A new yet innovative loyalty program has now being offered by BitRewards, giving the merchants a great new way to keep their customers' loyalty and grow more sales. By using the crypto currency, BitRewards and its BIT tokens will be valuable rewards that will not expire but go up in value instead.

Tokens are liquid Ethereum base and not only are they purchasable but also redeemable and transferable as well. This way, customers may receive return on investment in case they want to save the tokens before selling it in the next following years.

Market Strategy by BitRewards

Let's take a look at how BitRewards performs this customer loyalty platform in an ecosystem based in blockchain. The key tasks in terms of marketing done by BitRewards include content management system, promotion among retails, e-commerce service providers and website builders. The value of BIT tokens itself is directly dependent on the intensity of BitRewards loyalty program adoption and the number of ecommerce merchants.

What BitRewards offer to all the e-commerce merchants is free of charge loyalty system. The only thing merchants need to pay is the service which starts from only $ 200 per month. As for larger stores, the service may cost up to thousands of dollars. This considerable low cost service is definitely the key components of go to market strategy.

For interested party, BitRewards will be pleased to open platform's code to allow the apps development. This way, the developers will have a chance to sell their apps to the retailers to start making commission income.

Once the customers and retailers broadly adopt this customers' loyalty platform, there will be network effects ignited allowing for wards off competition and explosive growth. What BitRewards wants to achieve is to become a market standard by being a decentralized free system.

There are at least three core strategies in which BitRewards plan to apply. Relationship with service providers and developers is the first. Partnership with website builders and e-commerce platforms is the second. And active interaction with owners and managers of online stores as well as community of entrepreneurs is the third.

Relationship with Service Providers and Developers

Open source ecosystems will be provided by BitRewards for the retailers in order to allow them to obtain profit from apps creations they offer within the network. BitRewards will allow the developers to use the apps and software of the network so they can develop the custom apps to fulfill the need of e-commerce business. The developers will get the benefits from the retailers, arrangement of hackathons and prizes and creation as well as the adoption of the software.

Partnership with Website Builders and Ecommerce Platform

Among the targeted partners are Magento, Ecwid, WordPress, Shopify and more else that already have millions of clients or users around the world. These are the potential clients and the easiest ones to convert. As long as the clients or users are interested in ecosystem development, they will definitely be keen adopters of BitRewards loyalty platform.

Active Interaction

Small to medium online retailers are the main target audience. What BitRewards offer is a competitor in terms of loyalty system because it has several advantages like being free of charge, accessible to countless loyal customers and is simple in installation without technical expertise required.