Over recent years, the idea of loyalty rewards has turned sour due to the numerous hiccups encountered by participants. These rewards should be rewarding, but how sad it is to note that they have become problems in supposedly coated comfort.
A loyalty reward is a program offered by a firms or company to customers who over time constantly make purchases from the company. A loyalty program may give a customer free merchandise, rewards, coupons, or even advance released products.
These programs in a way are ancient, but the rate of participation by customers is relatively indifferent, I like to say that it has become more complicated and uncertain to a great deal. The entire market isn’t on that height it was before.
But for record of positivity
I garnered that it is much more straightforward and easier for a firm to sell to an existing or old customer than to find a new one. Due to ease in identity, less expenses and faster market turnover and finally less cost. Hence, loyalty reward as a facilitator
But then
I think the idea of collecting tons of hardware cards, coupons and other reward collectibles in the name of loyalty points is tiring. I don’t know about you but I opened my wallets few weeks back and I was amazed that I had cards that could be shared to a sizeable community. This to me is stressful and unrewarding in nature. Not to mention the data collecting race happening behind many different curtains.
BELOW ARE SOME SUMMARIZED PROBLEMS ASSOCIATED WITH OLD LOYALTY REWARDS.
MANY BELOW ARE PERSONAL EXPERIENCE
Loyalty rewards that are hard to convert to desired need (INABILITY TO LIQUIDATE): I had a card from a business center that offers computer services, the reward card was due to the fact that I usually make use of their computers. I was initially happy that I've got a card. So i needed to convert into something else, so I could use for other things. But, it was refused and rejected. I was told it's specific for a particular purpose
CONFUSION DUE TO A BAG WITH SO MUCH REWARDS AND CARD: When you collect lots of cards from the loyalty reward, you will end up confusing one with the other, this was a problem for me, when I had 4 similar cards for a different pharmacist shops, I became confused to which one that belongs to which, it can be annoying.
EXPIRY DATES: These cards from our rewarding platforms have expiry dates; they might just get stocked up in your hands, even when you have not even used them. You might just have wasted your reward program
DOWNSIDE OF LOYALTY PROGRAMS FOR COMPANIES
Due to the fact that businesses want a boom and increase in sales, they have adopted loyalty reward programs that at a long run have become a problem to them. Some of them include:
• OPERATIONAL RISKS SUCH AS PERSONAL INFORMATION HANDLING INCUR SECURITY COST AND PROCEDURES IN ORDER TO AVOID BREECHES.
• EXPENSIVE TO SET UP
• DIFFICULTY IN ATTRACTING NEW CUSTOMERS
REMEDIES TO THE NUMEROUS PROBLEMS OF LOYALTY PROGRAMS
The qiibe is a loyalty program on blockchain that helps brands run their loyalty program.They give the loyal customers the freedom they deserve. It strives to revolutionize how brands and consumers interact with loyalty programs. The plan is to make the process seamless, by taking a fragmented market, putting them all together in one ecosystem on the blockchain and tokenizing the process rewards.
It encourages the engagement of customers and brands across the ecosystem since it allows every brand to build its own loyalty application on the same foundation, i.e, qiibee using the developer kit, and still able to source manage it themselves without any interruptions.
HOW IT ALL WORKS IN A DIAGRAM
AWESOME FEATURES OF THE QUIIBE WHICH MAKES IT VALUABLE to BRANDS IN THE BLOCKCHAIN ARE
Engagement
The powerful feature of engagement is captured by the qiibee blockchain, it engages customers on a whole new level. That synergy and mutual relationship is developed and everything falls into place, this I believe is one of the main thrust of the blockchain development.
Plug & Play
With the refined plug and play system, brands can at will conncect their existing scheme into the ecosystem. This can be done using an ERC-20 token and a developer key.
Reducing Costs
There is a corresponding decrease in cost as real life value in the exchange of tokens that are incorporated. I believe this will attract not just brands in the ecosystem, but outside businesses whose idea and development have been hampered
BENEFITS OF QIIBE TO CUSTOMERS
FREE EXCHANGE OF POINTS
The ability of customers to exchange rewards between available reward programs makes it indispensible and innovative
A customer who has many rewards for a particular brand can toggle between other brands through the use of digital tokens
With this, he can buy a book because he had many of the reward for bag which he exchanged for the book. Isn’t this awesome? I am wowed already.
This is a way of leveraging to get what you really want.
EASE IN SHARING POINTS
Consumers will also be able to send points to other people on the platform they may want to gift or trade with. This one is getting me excited already. Just like transferring on blockchains. I can send points to my friend so they could still benefit, especially when I have more reward points
PROTECTION OF ACCOUNTS AND INFORMATION
Because it is built on the blockchain technology, maximum protection is given to customers as regards to their personal information, this is done through encryptions by coders that make use of blockchain technology.
All these benefits will greatly improve customers experience and also attract new customers into the system.
TOKEN REWARD OF THE BLOCK CHAIN TECHNOLOGY
The name of qiibee's Token is called QBX and it is built on the Ethereum blockchain. QBX can be seen as the mother currency as it is used to enter and exit the qiibee ecosystem. Brands will have their own tokens that will be issued by qiibee that will be on a private blockchain. After tokens have been created, the companies will be able to set their own fixed exchange rate against QBX.
AIRDROP.. DON’T MISS OUT
qiibee is offering an extra Steemit airdrop (RAD !) as a bonus in addition to the airdrop above. An extra 50 QBX for up to 2,500 people. Send a message to @bountyworks with a nominal 0.001 sbd / steem & your Telegram @username, your ETH address in the memo before May 30th. Your ETH address will be public so if you're not comfortable with your ETH address being publicly listed on the blockchain, just take part in the ordinary airdrop
SUMMARY
Qiibee has defiled all odds in becoming the best blockchain for companies and aggrieved customers. I believe this will be the beginning of an awesome and tremendous collaboration in the future.
Since the world is now revolving around blockchain technology, companies will come chasing Qiibee, but by then they would be long gone in the chase race, sitting right there at the very top of heircachy.
Companies would be happy with the fact that customers would come back to redeem their rewards and this greatly improves their business and sales. With this, everyone benefits and is a winner.
I made mention of the stress of having many loyalty rewards stucked up in your wallets. I believe customers would use their points and rewards more often, reducing the piles in rewards.
Good riddance to a bad rubbish.
Qiibee is the answer.
THE TEAM
EXPERTS ADVIOSRS
More Information & Resources:
qiibee Website
qiibee WhitePaper
qiibee Telegram
qiibee Medium
qiibee Twitter
qiibee Facebook
qiibee Instagram
qiibee Linkedin
qiibee Google Plus
This is my entry for the @originalworks contest
qiibee2018