Years back, people would have never had the courage to start a new business because of many reasons. But the two critical reasons are either they won’t have enough financial resources or the fear of their business ending up in chaos. Businesses were all a cool option only for those people who have a good financial background.
But in recent times, starting a business has become an option for everyone when they are determined enough. When the question arises about financial aid, there are many fundraisers for providing loans. One can enter into any type of business like e-commerce, on-demand services, etc., that gives out a variety of options to choose from. The competition only seems to grow eventually instead of subsiding.
Though there are numerous ways one could overcome the competition, the most feasible option is to offer something unique in the services. The more unique the service is, the more chances you can acquire the top place.
That’s why this blog is here to tell you the secret to success. Are you ready? Then let’s head on to the next section.
Savvy cashback reward platform- Dosh Clone
Dosh Clone is the alternative solution to the standard platform that is entirely customizable and integrable. Though you can build the app from scratch, it is a strenuous task. We believe that as you are a visionary entrepreneur, you can choose this Dosh Clone solution. With the solution, you can launch an e-commerce platform where you could sell various products and generate rewards and cashback to users. It is integrated with cashback/rewards modules that can be used to generate tips.
Features of the Dosh Clone solution
Hot deals– Users can get to know about the best deals and offers of the week, along with the terms and conditions.
Coupons– Users can access the benefits of coupons and offers that are resonated with the idea of cashback.
Cashback status– Through the push notifications, users will know about the updates without missing a beat. Statuses like initiation, processing, and fulfillment of the cashback are alerted to the customer.
Cashback estimator– There are many instances where a user may be misled about the discount amount. But with this feature, users can get to know about the exact amount of discount.
Referral bonus– Users can enjoy the rewards like price slashes or redeem referral points every single time they recommend someone to the app.
Favorite stores– Users can save the stores or products that they would like to purchase later. By marking it as a favorite, they can access the store in the blink of an eye.
User profile– User can retrieve any information like pending cash, received cash, tracked tickets, and so much more.
Fraud use detection– To ensure the safety and security of the app, this feature blocks the access of the profiles that come up with the same IP address or any other similar actions.
Ultimate business model – Rewards and cashback
Though we don’t admit it openly, we all are secret expectant of offers and discounts. We always seek the best quality products at a discounted price, don’t we? The hype for special deals and offers would never dull.
You can offer discounts and offers to the users for the quality products, by not scorching your finance totally. So what more is needed for a lucrative business? You have users coming back to you every time for the double bonus they get, and you can grow your revenue quickly by developing a trusty relationship with your customers.
WOULD LIKE TO GAIN SUCCESS IN YOUR CASHBACK REWARD BUSINESS? LET’S DISCUSS!
What are cashback reward platforms, and how does it work?
As you might have already got an idea, the cashback reward platform is one that combines spending money with earning money. They return a small part of the money to the users on qualifying purchases.
The working of the authentic cashback reward platforms is straightforward:
Users sign up for zero cost on the site and use it as their shopping portal.
Rather than going to the retailer’s site directly, they will log in to the cashback reward platform.
They will click on the link of any one of the retailer’s sites for purchasing a product.
Once the cashback reward platform verifies the transaction, the earnings will get approved.
Revenue of Dosh Clone site
Suppose if we take a cashback reward platform that, for example, offers a 7% cashback, when the user clicks on the offer link before shopping, it will take the user to the retailer’s site for purchase completion. For instance, if the user purchases a $300 TV, he/she would get back $21 after the completion and verification of the transaction.
So, the revenue for these sites comes from those partner retailers, and the site gets paid to refer users. This money is further given to the users from the referral revenue by the site. The elaborate revenue channels are given below. Check it out!
Sources Revenue of Dosh Clone App are
Hosting fees– Just like the name goes, the hosting fees are collected from the retailer that the site is associated with. Since the cashback reward platform is a form of promotion to them, many merchants prefer to partner with this.
Transaction fees– The transaction fees are charged for every purchase that is made through the site.
Advertising fees– It is charged from the third-party advertisers or affiliated retailers of the site to advertise on the platform.
Distinct aspects you should consider
Every cashback reward platform follows different processes. Before developing your own app, try to fixate these aspects. Let’s take a peek at them now.
Payout frequency– How instantly you will pay for your users, and what are the conditions and payout periods.
Payout threshold– You will fix whether the users need to accumulate a certain amount of earnings or they will have to wait for a designated time for redeeming the money.
Payout method– You need to choose whether you will offer the payouts in the form of gift cards, or digital payment, or by cheque.
Payout qualifications– Might have to fix the percentage of items at every retailer and how there will be no cashback from particular departments.
Looking at this, if you’re keen to get into the e-commerce business with this rewards and cashback business model, then Dosh Clone is the justifiable option.
Why choose a solution over developing the Dosh Clone from scratch?
The solution is Whitelabel, which means the solution is pliant to any modifications like logo, brand name, etc., that it would be challenging to guess that it is a clone solution.
It is customizable, meaning you can add some unique features and functionality, leading you to scale your business to the top in the e-commerce market.
It makes the launching extremely fast.
On a final note,
If you are ready for the exciting step of launching a platform like Dosh, you could obviously begin contacting a development company like Appdupe right away. With the best expertise and experience in technology and app development, we help you turn the tides. So, are you up for the adventure?
It is a platform that lets users earn a cashback for every purchase they make from the app’s partnered retailers or merchants.
How Much Time Does It Take To Deliver This App?
The delivery time depends on the customization requirements. However, our team never compromises for anything. So you will get your app at the mutually agreed deadline.
How Does It Help My Business?
E-commerce is one of the many businesses that reap benefits more than one could imagine. By launching this app, you have loyal customers, and you can expand your business to a zenith by partnering with popular brands.
At AppDupe, we know that our customers are Entrepreneurs and keeping them succeeding is what will make us stronger. So, we promise you, Life Time Updates free of charge. Yes, we know that Apple and Google keep coming out with new versions of their mobile OS's and other companies we clone from also keep updating their features and UX to stay up-to-date. We will take care of that for you, leaving you to do what you do best, Win!
Is this legal?
PicMix and PicYou are almost exact clones of Instagram. MyCityDeal and Wimdu are clones of Groupon and AirBnB respectively. The only thing companies can patent is methodology for achieving an action or leading to an end point. If you can figure out another way to do that, without infringing on other's IP, you totally can. We could, so we did.
Disclaimer: Appdupe neither represents nor have any control over the trademarks of ‘Uber’ and ‘Gojek’. We use the terms ‘Uber’ and ‘Gojek’ for a better understanding of our services. Our offerings intend no harm to any organization or individual.