{"id":16482,"date":"2020-12-14T08:15:58","date_gmt":"2020-12-14T08:15:58","guid":{"rendered":"https:\/\/www.appdupe.com\/blog\/?p=16482"},"modified":"2020-12-14T08:19:39","modified_gmt":"2020-12-14T08:19:39","slug":"magicpin-clone-launch-cashback-rewards-app","status":"publish","type":"post","link":"https:\/\/www.appdupe.com\/blog\/magicpin-clone-launch-cashback-rewards-app\/","title":{"rendered":"Magicpin Clone: How to launch an On-demand Cashback and Social Rewards App Like Magicpin?"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">In today\u2019s gadget-friendly world, exploring different restaurants, stores, or clubs has been made simple yet exciting with the emergence of smartphones. Likewise, people expect exclusive deals, cashback, or rewards from platforms for exploring their site. A decade back, coupon cards and flyers were predominantly used by the general masses. However, as time and technology progressed, efficient modes have replaced them substantially. Exclusive reward platforms have become inevitable in recent years.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">One such offline discovery and reward platform that has gained the spotlight by crossing the $1 billion annual Gross Merchandise Value (GMV) is Magicpin. As per its name, the platform helps users explore new merchandise and retailers that are near the users\u2019 pin location. <\/span><a href=\"https:\/\/www.appdupe.com\/shopping-app-development\"><strong>Launching a cashback and rewards app like Magicpin<\/strong><\/a><span style=\"font-weight: 400;\"> comes with innumerable benefits for customers and retailers. With that being said, how does one develop an on-demand Cashback and Social Rewards app? You need answers to numerous questions like,\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">What are the key features to integrate?\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">How much does it cost to build the platform?<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Who are the top rivals in the sector?\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">What are the benefits of the platform to the stakeholder ecosystem?\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">What are the different income-generating sources?\u00a0<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Are you an entrepreneur with the burning desire to know the answers to these questions? Explore more to unravel the mystery and storm into this emerging sector.\u00a0<\/span><\/p>\n<p><b>Magicpin &amp; Its Massive Rise\u00a0<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Launched in 2015, this Gurugram-based startup has expanded its roots to over 40 cities in India. The startup has gained the investors\u2019 eye, and it is backed by the US-based VC Fund, Lightspeed Venture Partners. Popular brands like Snapchat and OYO have invested in the platform.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The ultimate aim of Magicpin is to help its users discover numerous places like restaurants, pubs, fashion &amp; grocery stores, etc., through its cutting-edge app. The platform\u2019s reward program is enticing, wherein users can earn Magicpin points by sharing pictures of their store bills. This way, Magicpin has established a mark as a Market Intelligence firm as well. The platform collects and analyzes data from different customers.\u00a0<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-16488\" src=\"https:\/\/www.appdupe.com\/blog\/wp-content\/uploads\/2020\/12\/Cashback-app.jpg\" alt=\"Cashback app\" width=\"668\" height=\"445\" srcset=\"https:\/\/www.appdupe.com\/blog\/wp-content\/uploads\/2020\/12\/Cashback-app.jpg 1000w, https:\/\/www.appdupe.com\/blog\/wp-content\/uploads\/2020\/12\/Cashback-app-400x267.jpg 400w, https:\/\/www.appdupe.com\/blog\/wp-content\/uploads\/2020\/12\/Cashback-app-768x512.jpg 768w\" sizes=\"auto, (max-width: 668px) 100vw, 668px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">Currently, the platform houses more than 800,000 retailers, including top-tier brands like Titan, McDonald\u2019s, Shoppers Stop, etc. The platform earns omissions from these retailers for collaborating with potential customers.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With the company planning to expand to over 200 cities by the end of 2021, the company has already surpassed the $1 billion annual GMV (Gross Merchandise Value) in India. Besides the Indian subcontinent, Magicpin is also popular in Southeast Asian cities like Jakarta, where it has crossed $30 million in annual GMV run rate.\u00a0<\/span><\/p>\n<p><b>Top Rivals To Watch Out For\u00a0<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Now that you have understood the business model of Magicpin, it is time to set foot into action, but just not yet. There are numerous other players like Magicpin who make the market even more competitive. Here are some famous names,\u00a0<\/span><\/p>\n<ul>\n<li><b><b>Earny: <span style=\"font-weight: 400;\">Earny is a simple yet exciting rewards app that notifies users of the best rates of products by tracking them continuously. Users get the entire price history of the item, enabling them to make informed decisions.<\/span><\/b><\/b><\/li>\n<li><b><b>MyPoints: <span style=\"font-weight: 400;\">Another reward app that houses top retailers like Target, Walmart, Amazon, eBay, etc., is the MyPoints app. The app provides up to 40% cashback to users and is providing a $10 sign-up bonus as well.<\/span><\/b><\/b><\/li>\n<li style=\"font-weight: 400;\"><b>Fetch Rewards:<\/b><span style=\"font-weight: 400;\"> Similar to Magicpin, this platform provides cashback for users who scan and upload their bills to the platform. The platform encompasses a wide range of stores, including grocery stores, liquor stores, convenience stores, etc. The platform is best-known for rewards from grocery shopping stores like Target, Walmart, etc.\u00a0<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Multiple players going neck-to-neck is a healthy sign that the market forecasts positive growth in the upcoming years.\u00a0<\/span><\/p>\n<div class=\"info_box\">\n<h2>Looking to launch an app like Magicpin?<\/h2>\n<div><a class=\"button\" href=\"https:\/\/www.appdupe.com\/contact-us\" rel=\"nofollow\">Schedule a meeting with our experts<\/a><\/div>\n<\/div>\n<p><b>Innumerable benefits to the entire ecosystem<\/b><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Any platform without critical advantages cannot sustain or succeed in today\u2019s on-demand market. <\/span><span style=\"font-weight: 400;\">Launching a social reward app<\/span><span style=\"font-weight: 400;\"> comes with lucrative benefits like,\u00a0<\/span><\/p>\n<ul>\n<li><b><b>Discovery: <span style=\"font-weight: 400;\">Users needn\u2019t spend time surfing on the Internet to know different places. With just a few taps on the app, users can discover different restaurants, grocery stores, and numerous retailers in a single place.<\/span><\/b><\/b><\/li>\n<li style=\"font-weight: 400;\"><b>Profits for users:<\/b><span style=\"font-weight: 400;\"><span style=\"font-weight: 400;\"><span style=\"font-weight: 400;\"> By scanning bills and uploading them on the platform, users earn jaw-dropping rewards and cashback. This way, they can save massively with the on-demand social reward platform.<\/span><\/span><\/span><\/li>\n<li style=\"font-weight: 400;\"><b>New customers to merchants:<\/b><span style=\"font-weight: 400;\"><span style=\"font-weight: 400;\"><span style=\"font-weight: 400;\"> Users invariably visit those stores that they discover on the platform. As a result, merchants can expand their businesses to new customers, enhancing their visibility and profits.<\/span><\/span><\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Merchant\u2019s access to real-time analytics:<\/b><span style=\"font-weight: 400;\"> Merchants can identify areas of improvement effortlessly via the real-time analytics feature. This way, they can make informed business decisions.\u00a0<\/span><\/li>\n<\/ul>\n<p><b>Features worth-integrating into the Magicpic Clone\u00a0<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Take a look at any successful on-demand app, and you\u2019ll find one dispensable attribute &#8211; features. Features are the easiest and one of the most effective ways to create an instant visual appeal among the audience. Here are some cutting-edge features that you do not want to miss out on in your application.\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><b>Personalized suggestions:<\/b><span style=\"font-weight: 400;\"><span style=\"font-weight: 400;\"><span style=\"font-weight: 400;\"> In today\u2019s technologically-driven world, a touch of personalization can go a long way in ensuring and enhancing customer engagement rates. Providing customized recommendations based on users\u2019 previous orders, searches, etc., can do the trick here.<\/span><\/span><\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Scan QR codes\/bills:<\/b><span style=\"font-weight: 400;\"><span style=\"font-weight: 400;\"><span style=\"font-weight: 400;\"> An in-built scanner makes it easier for customers to upload their bills. This way, they needn\u2019t have a separate app to scan invoices for uploading.<\/span><\/span><\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Cashback tab:<\/b><span style=\"font-weight: 400;\"><span style=\"font-weight: 400;\"><span style=\"font-weight: 400;\"> Provide a unified dashboard that showcases users\u2019 entire order history and cashback details.<\/span><\/span><\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Discovery:<\/b><span style=\"font-weight: 400;\"><span style=\"font-weight: 400;\"> The pivotal feature of the entire app is the \u2018Discovery\u2019 functionality. Ensure that you include the search and filter option to make it simplified for users to discover those retail stores that match their preferences.<\/span><\/span><\/li>\n<li><b>Refer and earn: <span style=\"font-weight: 400;\">Leveraging the \u2018Word-of-Mouth\u2019 marketing can help you grow a customer base in no time. With a \u2018Refer and Earn\u2019 option, you earn valuable customers by paying your existing ones to introduce the app to friends\/family in their circle.\u00a0<\/span><\/b><\/li>\n<\/ul>\n<p><b>Revenue streams to survive, sustain, and succeed\u00a0<\/b><\/p>\n<p><span style=\"font-weight: 400;\">At the end of the day, an entrepreneur benefits different stakeholders and enjoys enticing profits in return. With an app like Magicpin, one can earn revenue from not one but a variety of sources. They include,\u00a0<\/span><\/p>\n<ul>\n<li><b><b>Commissions from retailers: <span style=\"font-weight: 400;\">Retailers give up a fixed percentage to the social reward platform for enhancing their visibility and targeting new customers.<\/span><\/b><\/b><\/li>\n<li style=\"font-weight: 400;\"><b>Ad charges from third-party brands:<\/b><span style=\"font-weight: 400;\"> Third-party brand owners give up ad charges to the platform based on a CPC basis, leading to a win-win situation.\u00a0<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Apart from these predominant ways, one can earn revenue via subscription plans, featured listings, etc.\u00a0<\/span><\/p>\n<p><b>It\u2019s time to set foot into the market!\u00a0<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Now that all your questions are answered, it is time to roll up your sleeves and initiate your app development. Wait! Don\u2019t you need the assistance of an app development company to transform your ideas into reality? At Appdupe, we have got you covered, just like the way we helped you gain clarity with this blog. We can help you <a href=\"https:\/\/www.appdupe.com\/shopping-app-development\"><strong>launch a fully-functional Magicpin clone<\/strong><\/a><\/span><span style=\"font-weight: 400;\"> that is budget-friendly, time-conserving, and highly reliable? What are you waiting for? Talk to our experts and emerge as the next big thing today!\u00a0<\/span><\/p>\n<div class=\"info_box\">\n<h2>Want to startup a cashback and rewards app like Magicpin?<\/h2>\n<div><a class=\"button\" href=\"https:\/\/www.appdupe.com\/contact-us\" rel=\"nofollow\">Get Consulation from Our Executives<\/a><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>In today\u2019s gadget-friendly world, exploring different restaurants, stores, or clubs has been made simple yet exciting with the emergence of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":16483,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[1697],"tags":[1702,1701,1698,1699,1700],"class_list":["post-16482","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cashback-rewards-app-development","tag-cashback-rewards-app-development","tag-create-magicpin-like-cashback-app","tag-launch-app-like-magicpin","tag-magicpin-clone","tag-magicpin-like-app"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Magicpin Clone: How to launch an On-demand Cashback and Social Rewards App Like Magicpin?<\/title>\n<meta name=\"description\" content=\"Launching an on-demand app like Magicpin comes with innumerable benefits for customers and retailers. 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