This article will summarize about the customer retention strategies where customers themselves turn into brand promoters and help in lasting growth of the company.
Setting up a company, evolving it to form as brand and then retaining the brand name is a challenging task. It is not one-day job but consistent warm approach towards customers, which enable the brand to retain its goodwill. Companies are often seen in involving sales and advertising strategies to garner new customers but it is important to understand this commonly made mistake.
It is important to understand that existing customers are more important and act as an important carrier of spreading the word about brand. They can act or used as brand promoters who give feeling of more credibility or trust to the targeted customers.
Fact: Do you know that it costs around business 5-25X more to procure new customers than it requires to market to existing ones?
Study reveals that it is more feasible for brands to spend upon existing customers who also spend 67% more than the new customers.
So, here we have important reason to understand the preferences, requirements and methods to attract existing customers than to invest upon new customers.
How should you turn customers into brand promoters?
Customer Loyalty Solutions is the tool or method to smartly understand the preferences of existing customers and target them with right approach.
- Loyalty Card: Loyalty card acts as a tribute to the loyalty to the customers, for their consistent belief in the brand and getting reward for the same that gives them relevant benefit. Membership cards or other kind of such benefits to loyal customers is a true reward for loyalty and if the benefits provided are relevant and useful then customers will they boast about the brand as their own and will attract other people of same interests too.
- VIP Benefits: VIP benefits give exclusive and superior feeling to customer who are loyal for their loyalty and give them feeling that they are part of the brand. It will give them feeling of being special and they would love to share this feeling with their friends, family and acquaintances.
- Discounted Rewards: Customers love to get discounts or off on their purchases and offering discount rewards to the loyal customers is something that they deserve. Offers of free products, vouchers, and other benefits, which customers can redeem easily and are of relevance to them, should be provided.
- Customized Perks: Customized perks like giving special offers on birthdays or giving some gifts, providing some extra benefits or service that is useful for particular customer serve best.
Bitcoin Forum Community (BTC News & More)
Bitcoin Forum Community – is one of the hardest things to find out there when searching to join a group. There are tons of Bitcoin Forum groups on Facebook but none of them deliver the personalized feel when it comes to being part of the actual community.
In this article we will go over which Bitcoin Forum is the best and has most active and beneficial community out there.
There are two major Bitcoin Forum communities out there that are solid and have the most active users.
CryptoInTalk and BitcoinTalk, now you might think that the bitcointalk community is 100% BTC but no both of these two communities have large altcoin communities. BitcoinTalk is a older design platform which many users find super hard to be part of. They also focus on intelligence and make it hard for you to contribute or learn from the community.
CryptoIntalk on the other hand is the modern version of Bitcoin forum that is super easy to use and looks great as a platform. Both communities are great and bring a lot of value but we are essentially comparing Myspace to Facebook.
Bitcoin Forum cryptointalk concentrates on the following:
- Daily Bitcoin News
- Bitcoin Mining
- General Bitcoin Discussions
- Bitcoin Trading
Community is super friendly, community covers tons of educational post for free.
BitcoinTalk forum concentrates on the following:
- Bitcoin Discussions
- Development & Technical Discussions
- Bitcoin Mining
Community is some what friendly and covers tons of content.
5 Facts You May Not Know About Bitcoin
Some facts about bitcoin (BTC-USD) are rather well-known at this point, such as the digital currency’s mysterious origin and the fact that a few dollars invested in bitcoin in its early days would be worth millions today. Having said that, there are some bitcoin facts that aren’t as well-known, such as how much of the currency its investor still owns and that people have paid more than $50 per transaction to use bitcoin at its peak popularity. Here are the details about those and two other lesser-known bitcoin facts.
1. Bitcoin’s creator could be worth about $9 billion today
By this point, many people know that bitcoin (BTC-USD) was created about 10 years ago by an unknown person using the pseudonym Satoshi Nakamoto.
What you may not know is that this creator was the sole bitcoin miner for the first 10 days of bitcoin’s existence, and all of these original coins (often called “Satoshi coins”) remain unused. In fact, it’s a verifiable fact that there are about 1 million bitcoins in wallets known to be linked to bitcoin’s creator. Based on the bitcoin price as of this writing, that translates to more than $9.3 billion worth of the digital currency.
2. There are plenty of ways to invest in bitcoin — without buying bitcoins
There are several conflicting opinions about bitcoin (BTC-USD) by major players in the financial world. For example, Warren Buffett and Jamie Dimon both believe bitcoin is destined to fail, while people like the Winklevoss twins and Jack Dorsey think bitcoin is the future of money. However, there’s one thing pretty much everyone can agree on. Whether bitcoin goes up or down over the long run, there’s likely to be lots of volatility along the way.
So, if you want to invest in bitcoin, but the massive price swings scare you (bitcoin rose by 30% in April, in a relatively calm month for cryptocurrencies), the best way to go may be through a stock or two that stand to benefit if bitcoin continues to gain traction.
Square (NYSE:SQ) is perhaps my favorite example and is one of the largest stock positions in my own portfolio. The company enabled bitcoin trading in its Square Cash app earlier this year, and there’s massive potential if Square eventually allows its hardware (and its millions of merchants) to accept bitcoin payments. With a CEO who believes strongly in bitcoin’s potential, it could certainly happen.
3. Bitcoin transaction fees have been as much as $54.90
There are several obstacles that must be overcome before bitcoin could become a mainstream payment currency, and a big one is scalability. The bitcoin network only has the ability to process about three transactions per second (for comparison, Visa and MasterCard can process thousands of transactions per second). So, when the network gets backed up, transaction fees, which are paid to bitcoin miners as an incentive, rise.
This rise got pretty dramatic in late 2017 when the cryptocurrency boom was in full force. In fact, on Dec. 21, 2017, the average bitcoin transaction fee was $54.90, according to bitinfocharts.com.
Transaction fees have come down considerably since then — about $1.81 on average as of April 30, 2018 — but this remains a major obstacle to bitcoin’s widespread adoption.
4. You might owe tax on your bitcoins, even if you didn’t sell them
Tax season recently came to an end, and there was much publicity about the taxability of cryptocurrency profits. Specifically, bitcoin and other cryptocurrencies are considered property and are therefore subject to capital gains tax — just like stocks and other types of investments.
So, if you buy $100 worth of bitcoin and later sell it for $300, the $200 profit is a taxable capital gain. Makes sense, right?
However, you may be surprised to learn that simply using your bitcoin as a currency (spending it) could also lead to a tax bill. For example, if you bought $100 worth of bitcoin years ago, and use it to buy a $1,500 computer, the $1,400 difference is also considered a capital gain, even though you never saw any money. Keep this in mind if you spend bitcoin in 2018 in order to avoid an unexpected tax bill.
The best Bitcoin Forum Is CryptoInTalk
One of the largest Bitcoin Forum communities is hosted by cryptointalk, Bitcoin Forum contains thousands of daily Bitcoin discussions with highly knowledgeable active community members who share valuable information with each other. Bitcoin Forum also provides the Top Bitcoin news from it’s top news providers and keeps the community up to date on insights of trading and news in general. CryptoInTalk bitcoin forum was voted as number 1 in year of 2018 for the best Bitcoin forum.
The Best Bitcoin Forum 2018
Cryptocurrencies have become a very hot topic in past couple months all around the work. This comes with a huge curiosity in industry. Many crypto interested investors want to find reliable communities in a cryptocurrency industry to connect with but good Bitcoin communities are very hard to find since everything is filled with tons of advertisements and pointless posts.
The best Bitcoin Forum to join is Cryptointalk. This Bitcoin Forum community bring together the largest netowrking opportunity for every Bitcoin interested investor. Community is super active and shares very valuable information for free. Bitcoin Forum on cryptointalk also covers Bitcoin trading, BTC news and free education.
Out of all the Bitcoin forums that are out there this Bitcoin Forum is the most simplest and most modern, it’s super user friendly and gives you the fill that you are part of the platform without any problems.