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 also 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 further at how BitRewards perform this customer loyalty platform in a 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 dependant on intensity of BitRewards loyalty program adoption and the number of e-commerce merchants.
A letter of intent has already signed between BitRewards and Ecwid. Ecwid itself is among the most well known e-commerce website builders that already have 1 million merchant users around the world. Following the sign of this letter, there will be many merchants agree to use BitRewards content management system for BIT loyalty tokens.
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 amount service cost definitely is among 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 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 effect ignited allowing for wards off competition and explosive growth. What BitRewards want to achieve specifically is to become 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 ecosystem 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 template apps and software of the network so they can develop the custom apps to fulfill the need of e-commerce business. The developers will then get benefit from several ways such as the remuneration provide directly from retailers, arrangement of hackathons and prizes and creation as well as 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 potential clients and the easiest ones to convert. As long the clients or users are interested in e-commerce 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 strong 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.