MyAladdinz: A Innovative Consumer Rewards Program Offering a Bright Future for The Consumers and Businesses
The global COVID-19 pandemic is a struggle For survival not just for many folks, but also for the many companies that rely on a lively economy to survive and prosper. MyAladdinz is addressing the needs of both hurting customers and suffering businesses across Asia and across the world. The features in MyAladdinz mobile app combines the best of their near future and the past. The future involving the work of mobile e-commerce and the traditional concept of loyalty programs. This mixture has the capacity to breathe life to fighting and dying company models.
What is a Consumer Rewards Program?
MyAladdinz was inspired by existing Consumer Reward Programs that reward consumers for their loyalty to a business enterprise. In 2019, LoyaltyOne, a global expert in conventional Consumer Rewards Programs anticipated Customer RewardPrograms for a 323 Billion Dollar effort [1]. A 2018 analysis by Accenture found that 77% of customers participate in at least one retail loyalty plan [2] while a 2019 study by KPMG looked in the usage of customer benefit programs around the world and reported 30 -- 61 percent of consumers in a variety of countries used such programs several times each week [3]. A normal American participates in at least 19 -- 29 such applications [4].
Over 90 percent of companies, in diverse sectors like Credit Cards, Mobile Phone Companies, Shopping Malls, Coffee Shops, and even online retailers have their own separate benefit programs. Among the existing Consumer Reward Programs, Airline"Frequent Flyer Programs" are possibly the most recognized case and the more innovative of the present Consumer Reward Programs. Widely circulated quotes indicate more that 40% ofconsumers belong to an Airline Frequent Flyer Program.
What are the Benefits For Customers?
If we look at Frequent Flyer Programs as an Example of a typical Client RewardsProgram we find a few common benefits to customers:
• Consumers may use an airline's reward points to update flights or even get a free ticket.
• Consumers can exchange or purchasereward points from different participants who are not intending to use them.
• Consumers can often use cash to top-up when they do not have enough rewards points for redemption.
• Consumers may utilize a combination of benefits and money or utilize 100% in Reward Points should they have accumulatedenough points.
• Consumers get additional benefits by amassing more reward points.
• Consumersare able to use the reward points using a limited number of additional participating retailers.
What Are the Benefits For Companies?
With diminished foot-traffic in many Shopping malls, keeping customers and increasing the frequency of transactions with existing clients is more critical than ever.
Shopping malls are a typical example of this Vibrant retail scene in several countries. 1 well-known management business in Singapore, with more than 17 shopping malls in its portfolio, has its own Consumer RewardsProgram to benefititstenants. One of these 17 shopping malls there are dozens and dozens of different retailers united under a single Consumer RewardsProgram. Customers accumulate reward points for transactions with any merchant in the mall. The Rewards Program doesn't reward these clients with upgrades or flights but rather offers gift vouchers which can be redeemed with any retailer in any of those 17 shopping malls. If clients do not have enough points to redeem vouchers they may also outright purchase them for use together with the retailers. Merchants benefit from increased foot traffic at the malls and increased earnings.
How is MyAladdinz Different from additional Consumer Reward Programs?
MyAladdinz is a new idea that works on the Already existing version of rewarding customers. It offers nearly all the very same features listed in the preceding two instances, but rather than a physical shopping mall, there is an online e-commerce alternative. Instead of managing separate reward programs, any merchant can join together with other retailers in the MyAladdinz community to provide incorporated rewards to their combined customer base. This can occur even if these businesses are totally unrelated. Rewards can be used for many distinct stores in a wide variety of industries. Rather than filling a pocket with different cards for different loyalty programs, there's a single cellular program.
Clients can even shop and receive reward Points without ever leaving the house. With more time being spent at home, reaching out to existing and possible customers via a mobile app before they even leave the home is a powerful incentive. Businesses are able to move into e-commerce without needing to develop their own mobile app or e-commerce solution. MyAladdinz is both an information marketplace for online e-commerce stores, and a wise application for the new era.
How does MyAladdinz Work?
Merchants are listed in the MyAladdinz Program And agree to take redemptions for products and services using the MyAladdinz Program. Clients accumulate reward points for transactions with participating retailers. For each 1 USD in transaction value they receive 80 percent back in reward factors, not cashback. The Reward Points can be slowly converted to Gems at a fixed rate of 0.2% per day. After 180 days, it is 0.1%. These Gems can then be exchanged for services and products with participating Merchants. Since Stone can only be used and are only valid inside the MyAladdinz App, they need to be treated as a Gift Voucher rather than an electronic currency or cryptocurrency. When consumers convert their reward points to Gems every day, they can either collect them to get a bigger salvation, move them to a buddy, or even sell them to somebody who wants them. Additionally, in the event the customer doesn't need to use the jewels immediately, they could convert them back to Points to accumulate bonus points and then use them gradually as time passes. No minimal top-up in Stone is required and anyone can, in fact, join for free. Ultimately there are plans for paid advertising, direct sales, and various optional services and fees for retailers to increase the prominence of their business in the program in addition to for more prominent placement in advertising advertisements and promotions.
Is MyAladdinz the Magical Option for Companies?
MyAladdinz', plays with the 500-year-old Tale in the Arabian Nights because of its powerful branding, but it is absolutely not"magical" and no"Hocus Pocus" is involved. It's merely a marketing and advertising concept to advertise the service to retailers and customers. MyAladdinz isn't a magical lamp to transform companies with all the snap of a finger, but is instead a fantastic way to set a business apart from the competition using an extremely strong integrated rewards program. If a customer wishes to get more rewards and earn reward points across various retailers and industries there is not any better place to get it done than MyAladdinz. Regardless, such as anything else in this world, results and rewards aren't attained through magic, but hard work and persistence and, of course, a fantastic new rewards program to assist both company and retailers.
Around MyAladdinz
The owner of this MyAladdinz App and brand is NewTycoon Global Ltd.. NewTycoon Global Limited is a lawfully registered Company in HongKong - where hundreds of thousands of international enterprises are based. Being based in Hong Kong has opened geographic and strategic Opportunities for MyAladdinz to not only quickly grow in the Asian Marketplace, But also grow globally with existing users in many countries like Singapore, Mexico, Japan, Taiwan, Vietnam, Thailand, South Africa and across the EU.
MyAladdinz is addressing the needs of both hurting consumers and suffering businesses across Asia and around the world. For more details kindly visit What is a Consumer Rewards Program.
What is a Consumer Rewards Program?
MyAladdinz was inspired by existing Consumer Reward Programs that reward consumers for their loyalty to a business enterprise. In 2019, LoyaltyOne, a global expert in conventional Consumer Rewards Programs anticipated Customer RewardPrograms for a 323 Billion Dollar effort [1]. A 2018 analysis by Accenture found that 77% of customers participate in at least one retail loyalty plan [2] while a 2019 study by KPMG looked in the usage of customer benefit programs around the world and reported 30 -- 61 percent of consumers in a variety of countries used such programs several times each week [3]. A normal American participates in at least 19 -- 29 such applications [4].
Over 90 percent of companies, in diverse sectors like Credit Cards, Mobile Phone Companies, Shopping Malls, Coffee Shops, and even online retailers have their own separate benefit programs. Among the existing Consumer Reward Programs, Airline"Frequent Flyer Programs" are possibly the most recognized case and the more innovative of the present Consumer Reward Programs. Widely circulated quotes indicate more that 40% ofconsumers belong to an Airline Frequent Flyer Program.
What are the Benefits For Customers?
If we look at Frequent Flyer Programs as an Example of a typical Client RewardsProgram we find a few common benefits to customers:
• Consumers may use an airline's reward points to update flights or even get a free ticket.
• Consumers can exchange or purchasereward points from different participants who are not intending to use them.
• Consumers can often use cash to top-up when they do not have enough rewards points for redemption.
• Consumers may utilize a combination of benefits and money or utilize 100% in Reward Points should they have accumulatedenough points.
• Consumers get additional benefits by amassing more reward points.
• Consumersare able to use the reward points using a limited number of additional participating retailers.
What Are the Benefits For Companies?
With diminished foot-traffic in many Shopping malls, keeping customers and increasing the frequency of transactions with existing clients is more critical than ever.
Shopping malls are a typical example of this Vibrant retail scene in several countries. 1 well-known management business in Singapore, with more than 17 shopping malls in its portfolio, has its own Consumer RewardsProgram to benefititstenants. One of these 17 shopping malls there are dozens and dozens of different retailers united under a single Consumer RewardsProgram. Customers accumulate reward points for transactions with any merchant in the mall. The Rewards Program doesn't reward these clients with upgrades or flights but rather offers gift vouchers which can be redeemed with any retailer in any of those 17 shopping malls. If clients do not have enough points to redeem vouchers they may also outright purchase them for use together with the retailers. Merchants benefit from increased foot traffic at the malls and increased earnings.
How is MyAladdinz Different from additional Consumer Reward Programs?
MyAladdinz is a new idea that works on the Already existing version of rewarding customers. It offers nearly all the very same features listed in the preceding two instances, but rather than a physical shopping mall, there is an online e-commerce alternative. Instead of managing separate reward programs, any merchant can join together with other retailers in the MyAladdinz community to provide incorporated rewards to their combined customer base. This can occur even if these businesses are totally unrelated. Rewards can be used for many distinct stores in a wide variety of industries. Rather than filling a pocket with different cards for different loyalty programs, there's a single cellular program.
Clients can even shop and receive reward Points without ever leaving the house. With more time being spent at home, reaching out to existing and possible customers via a mobile app before they even leave the home is a powerful incentive. Businesses are able to move into e-commerce without needing to develop their own mobile app or e-commerce solution. MyAladdinz is both an information marketplace for online e-commerce stores, and a wise application for the new era.
How does MyAladdinz Work?
Merchants are listed in the MyAladdinz Program And agree to take redemptions for products and services using the MyAladdinz Program. Clients accumulate reward points for transactions with participating retailers. For each 1 USD in transaction value they receive 80 percent back in reward factors, not cashback. The Reward Points can be slowly converted to Gems at a fixed rate of 0.2% per day. After 180 days, it is 0.1%. These Gems can then be exchanged for services and products with participating Merchants. Since Stone can only be used and are only valid inside the MyAladdinz App, they need to be treated as a Gift Voucher rather than an electronic currency or cryptocurrency. When consumers convert their reward points to Gems every day, they can either collect them to get a bigger salvation, move them to a buddy, or even sell them to somebody who wants them. Additionally, in the event the customer doesn't need to use the jewels immediately, they could convert them back to Points to accumulate bonus points and then use them gradually as time passes. No minimal top-up in Stone is required and anyone can, in fact, join for free. Ultimately there are plans for paid advertising, direct sales, and various optional services and fees for retailers to increase the prominence of their business in the program in addition to for more prominent placement in advertising advertisements and promotions.
Is MyAladdinz the Magical Option for Companies?
MyAladdinz', plays with the 500-year-old Tale in the Arabian Nights because of its powerful branding, but it is absolutely not"magical" and no"Hocus Pocus" is involved. It's merely a marketing and advertising concept to advertise the service to retailers and customers. MyAladdinz isn't a magical lamp to transform companies with all the snap of a finger, but is instead a fantastic way to set a business apart from the competition using an extremely strong integrated rewards program. If a customer wishes to get more rewards and earn reward points across various retailers and industries there is not any better place to get it done than MyAladdinz. Regardless, such as anything else in this world, results and rewards aren't attained through magic, but hard work and persistence and, of course, a fantastic new rewards program to assist both company and retailers.
Around MyAladdinz
The owner of this MyAladdinz App and brand is NewTycoon Global Ltd.. NewTycoon Global Limited is a lawfully registered Company in HongKong - where hundreds of thousands of international enterprises are based. Being based in Hong Kong has opened geographic and strategic Opportunities for MyAladdinz to not only quickly grow in the Asian Marketplace, But also grow globally with existing users in many countries like Singapore, Mexico, Japan, Taiwan, Vietnam, Thailand, South Africa and across the EU.
MyAladdinz is addressing the needs of both hurting consumers and suffering businesses across Asia and around the world. For more details kindly visit What is a Consumer Rewards Program.
