SlideShare a Scribd company logo
1 of 3
Download to read offline
Wake Up & Smell the Digital Reward
Meet Alia.
Alia is your typical upwardly mobile millennial living in a metro – social and tech savvy. She ‘Snapchats’
a morning selfie to her gang at 7 AM with her personalised bitmoji. On her way to work, she flips
through her news app and Cosmopolitan on her phone and orders her favourite coffee straight to her
desk. She orders groceries from her mobile app on her way back home… Post dinner, she catches up
on her regular Netflix series (she couldn’t resist subscribing to it after her 1-month free trial). She
winds up her day, levelling up on a new hip game in town and watching short comedy video clips on
YouTube. The advent of this “always on consumer”, provides brands with a wide range of ample new
opportunities — namely digital ones.
Let’s wake up and smell the digital reward! Here are some of the trends that are inevitable over the
next few years.
So, What are Digital Rewards?
Digital rewards are incentives of digital nature having a monetary value, delivered to the customer via
a digital medium. Digital rewards include music & video streaming, data recharges, online magazine
subscriptions, e-books, short-form content like small audio/video clips, in-app purchases and so on.
Digital Rewards, You Beauty!
Savvy businesses can leverage these new trends (see Infographic), like growing consumption of
different forms of content – music, videos, text… and the growing preference for short form content,
by using relevant bite-sized content as digital rewards for customers. Another major advantage of
digital rewards is that the redemption is instant, easy and can be done anywhere.
Using digital rewards, brands can now achieve multiple objectives like increase in sales, customer
engagement, gratification, and customer loyalty easily and instantly. Moreover, results from digital
reward programs are a 100% measurable, and it’s easier to optimise for better results since multi-
variate testing becomes possible with digital rewards.
Ready or Not, Here I Come!
Data traffic per active smartphone in India is projected to grow five times to 7 GB (1.4 GB in 2016) of
data consumption per month by 2021. And the number of smartphones is projected to touch 810
million.
From a regional aspect, currently 45% of online users consume regional language content and this
percentage is expected to increase with the growth of internet users. Also, the preference of the
Indian consumers towards vernacular and regional language content is constantly on the upswing,
with 93 percent of time spent on videos in Hindi and other regional languages.
This essentially means that whether brands are ready to embrace digital rewards or not, their Indian
consumers are. This is irrespective of whether their customers are metro-dwelling millennials or
housewives in Tier II cities.
Digital Rewards 101 for Brands
Giveaway Digital Rewards based on Content Consumption
Welcome to the age of content-guzzlers! Customers can be segmented and in accordance gratified
based on the type of content they are consuming. For instance: the +40M users of DailyHunt (see
infographic) can be rewarded with a free 1-month subscription to an online weekly magazine. Or the
+25M Saavn users can be gratified with a free song on completing a task on the brand’s social page.
The biggest value addition for a brand in case of a digital reward is that a relevant customer base can
be instantly gratified with bite-sized content using completely automated targeting.
Deliver Instant Gratification. Achieve Wider Reach.
Most brands’ customer segments fall under “instant gratification”-crazed millennials. Digital rewards
are instant, easy to access (straight to the customer’s mobile) and can be redeemed and enjoyed
anytime & anywhere. Given the digital nature of these rewards, all customer segments can be targeted
without geographical constraints. And there’s more – say adios to distribution costs if your brand is
planning to target a large set of customers in multiple geographic regions. The cost of a technology
set-up and its easy scalability for distributing digital rewards are a fraction of physical distribution costs
for the same targeted set.
Alia could be your Happy Customer & Evangelist
Alia’s internet service provider could incentivise her with an extra 10 GB data for free, if she pays her
monthly bill before time, rewarding desired customer behaviour. #lovefreedata #tellingallherfriends
about how her @Internet Service Provider gave her free 10GB on paying her bills on time. Alia’s bank
could gift her a 3-month subscription to online magazines on signing up for a credit card. The energy
bar she picks up on a regular basis, could incentivise her to buying the bigger pack with 8 bars, by
giving her free 2-month subscription to a premium fitness monitoring app on the pack itself. Her cab
service app could reward Alia’s customer loyalty by giving her free song downloads weekly if she
spends a minimum of Rs.1200 per week instead of her average Rs.900.
Although the picture painted here pertains to a metro-dwelling millennial, it can have a similar
application to a housewife in a Tier II city who could be gratified with an online video clip on how to
bake an eggless chocolate cake, or a farmer consuming regional content in his village.
Digital reward systems will rapidly encroach on traditional consumer reward tactics because it is
tailored to the consumers’ desires and aspirations. It’s a system that does away with commoditised,
blanket marketing in favour of the bespoke, in favour of enjoying life’s little pleasures and surprise
wins. No matter where the customers are, they can enjoy digital rewards on the go.
We have witnessed this growing trend in customers’ preference for digital rewards first hand while
running digital reward campaigns for some of the largest brands in India. We are Digital Reward
ready! Reach out to us today, and witness how this fantastic new reward solution works first hand!
See more of our work on https://www.bigcity.in/

More Related Content

Recently uploaded

Impacts Of Smart Watch & Wearable Technology On Daily Life
Impacts Of Smart Watch & Wearable Technology On Daily LifeImpacts Of Smart Watch & Wearable Technology On Daily Life
Impacts Of Smart Watch & Wearable Technology On Daily LifeFonacc Gadgets
 
Unit 3 - Liberalization, Privatization & Globalization
Unit 3 - Liberalization, Privatization & GlobalizationUnit 3 - Liberalization, Privatization & Globalization
Unit 3 - Liberalization, Privatization & GlobalizationKaushik Jaiswal
 
Using GA 4 to to Prove Value - Greg Jarboe - Aug 8, 2023.pptx
Using GA 4 to to Prove Value - Greg Jarboe - Aug 8, 2023.pptxUsing GA 4 to to Prove Value - Greg Jarboe - Aug 8, 2023.pptx
Using GA 4 to to Prove Value - Greg Jarboe - Aug 8, 2023.pptxGreg Jarboe
 
Influencer Marekting Trends- Where the creator economy is going in in 2024
Influencer Marekting Trends- Where the creator economy is going in in 2024Influencer Marekting Trends- Where the creator economy is going in in 2024
Influencer Marekting Trends- Where the creator economy is going in in 2024Inflyx
 
Klaus Schweighofer, Zakaj je digitalizacija odlična priložnost za medije, Sty...
Klaus Schweighofer, Zakaj je digitalizacija odlična priložnost za medije, Sty...Klaus Schweighofer, Zakaj je digitalizacija odlična priložnost za medije, Sty...
Klaus Schweighofer, Zakaj je digitalizacija odlična priložnost za medije, Sty...DIGGIT
 
Niche Analysis for Client Outreach Outside Marketplace.pptx
Niche Analysis for Client Outreach Outside Marketplace.pptxNiche Analysis for Client Outreach Outside Marketplace.pptx
Niche Analysis for Client Outreach Outside Marketplace.pptxAhnaf Tahmid Haque
 
Valor Review – AI Transforms Any ClickBank Account Into a Money-Making Machin...
Valor Review – AI Transforms Any ClickBank Account Into a Money-Making Machin...Valor Review – AI Transforms Any ClickBank Account Into a Money-Making Machin...
Valor Review – AI Transforms Any ClickBank Account Into a Money-Making Machin...Md najmul Islam
 
The Future Normal - DIGGIT - Henry Coutinho-Mason.pdf
The Future Normal - DIGGIT - Henry Coutinho-Mason.pdfThe Future Normal - DIGGIT - Henry Coutinho-Mason.pdf
The Future Normal - DIGGIT - Henry Coutinho-Mason.pdfDIGGIT
 
Passive Income System 2.0 Digital: Effortless Earnings
Passive Income System 2.0 Digital: Effortless EarningsPassive Income System 2.0 Digital: Effortless Earnings
Passive Income System 2.0 Digital: Effortless Earningsabdullahspz0428
 
5 Benefits Of Using Digital Marketing.pptx
5 Benefits Of Using Digital Marketing.pptx5 Benefits Of Using Digital Marketing.pptx
5 Benefits Of Using Digital Marketing.pptxdeepushah1687
 
Beyond Silos: How Holistic B2B Digital Strategy Drives Pipeline
Beyond Silos: How Holistic B2B Digital Strategy Drives PipelineBeyond Silos: How Holistic B2B Digital Strategy Drives Pipeline
Beyond Silos: How Holistic B2B Digital Strategy Drives PipelineSearch Engine Journal
 
Tea Gobec, Kako pluti po morju tehnoloških sprememb, Innovatif.pdf
Tea Gobec, Kako pluti po morju tehnoloških sprememb, Innovatif.pdfTea Gobec, Kako pluti po morju tehnoloških sprememb, Innovatif.pdf
Tea Gobec, Kako pluti po morju tehnoloških sprememb, Innovatif.pdfDIGGIT
 
Fantasy Cricket Apps: A New Viewpoint for Online Cricket Betting Apps
Fantasy Cricket Apps: A New Viewpoint for Online Cricket Betting AppsFantasy Cricket Apps: A New Viewpoint for Online Cricket Betting Apps
Fantasy Cricket Apps: A New Viewpoint for Online Cricket Betting AppsCricket Betting Online
 
The seven principles of persuasion by Dr. Robert Cialdini
The seven principles of persuasion by Dr. Robert CialdiniThe seven principles of persuasion by Dr. Robert Cialdini
The seven principles of persuasion by Dr. Robert CialdiniSurya Prasath
 
Digital marketing guide complete guide for beginners
Digital marketing guide complete guide for beginnersDigital marketing guide complete guide for beginners
Digital marketing guide complete guide for beginnerstejaswinisahyadreeso
 
The Majestic Salar de Uyuni A Natural Wonder of Bolivia.pptx
The Majestic Salar de Uyuni A Natural Wonder of Bolivia.pptxThe Majestic Salar de Uyuni A Natural Wonder of Bolivia.pptx
The Majestic Salar de Uyuni A Natural Wonder of Bolivia.pptxelizabethella096
 
Klinik Jual Obat Aborsi Di Bandung wa 0851/7541/5434 Misoprostol 200mcg Pfize...
Klinik Jual Obat Aborsi Di Bandung wa 0851/7541/5434 Misoprostol 200mcg Pfize...Klinik Jual Obat Aborsi Di Bandung wa 0851/7541/5434 Misoprostol 200mcg Pfize...
Klinik Jual Obat Aborsi Di Bandung wa 0851/7541/5434 Misoprostol 200mcg Pfize...Spesialis Kandungan Resmi BPOM
 
Killer Packaging | PrintAction
Killer Packaging | PrintActionKiller Packaging | PrintAction
Killer Packaging | PrintActionVictoria Gaitskell
 
Best Digital Expert Corporation of India
Best Digital Expert Corporation of IndiaBest Digital Expert Corporation of India
Best Digital Expert Corporation of IndiaPriyaDigitalExpert
 
Intelligent Cryptocurrency VIP Digital - Membership Area
Intelligent Cryptocurrency VIP Digital - Membership AreaIntelligent Cryptocurrency VIP Digital - Membership Area
Intelligent Cryptocurrency VIP Digital - Membership Areaabdullahspz0428
 

Recently uploaded (20)

Impacts Of Smart Watch & Wearable Technology On Daily Life
Impacts Of Smart Watch & Wearable Technology On Daily LifeImpacts Of Smart Watch & Wearable Technology On Daily Life
Impacts Of Smart Watch & Wearable Technology On Daily Life
 
Unit 3 - Liberalization, Privatization & Globalization
Unit 3 - Liberalization, Privatization & GlobalizationUnit 3 - Liberalization, Privatization & Globalization
Unit 3 - Liberalization, Privatization & Globalization
 
Using GA 4 to to Prove Value - Greg Jarboe - Aug 8, 2023.pptx
Using GA 4 to to Prove Value - Greg Jarboe - Aug 8, 2023.pptxUsing GA 4 to to Prove Value - Greg Jarboe - Aug 8, 2023.pptx
Using GA 4 to to Prove Value - Greg Jarboe - Aug 8, 2023.pptx
 
Influencer Marekting Trends- Where the creator economy is going in in 2024
Influencer Marekting Trends- Where the creator economy is going in in 2024Influencer Marekting Trends- Where the creator economy is going in in 2024
Influencer Marekting Trends- Where the creator economy is going in in 2024
 
Klaus Schweighofer, Zakaj je digitalizacija odlična priložnost za medije, Sty...
Klaus Schweighofer, Zakaj je digitalizacija odlična priložnost za medije, Sty...Klaus Schweighofer, Zakaj je digitalizacija odlična priložnost za medije, Sty...
Klaus Schweighofer, Zakaj je digitalizacija odlična priložnost za medije, Sty...
 
Niche Analysis for Client Outreach Outside Marketplace.pptx
Niche Analysis for Client Outreach Outside Marketplace.pptxNiche Analysis for Client Outreach Outside Marketplace.pptx
Niche Analysis for Client Outreach Outside Marketplace.pptx
 
Valor Review – AI Transforms Any ClickBank Account Into a Money-Making Machin...
Valor Review – AI Transforms Any ClickBank Account Into a Money-Making Machin...Valor Review – AI Transforms Any ClickBank Account Into a Money-Making Machin...
Valor Review – AI Transforms Any ClickBank Account Into a Money-Making Machin...
 
The Future Normal - DIGGIT - Henry Coutinho-Mason.pdf
The Future Normal - DIGGIT - Henry Coutinho-Mason.pdfThe Future Normal - DIGGIT - Henry Coutinho-Mason.pdf
The Future Normal - DIGGIT - Henry Coutinho-Mason.pdf
 
Passive Income System 2.0 Digital: Effortless Earnings
Passive Income System 2.0 Digital: Effortless EarningsPassive Income System 2.0 Digital: Effortless Earnings
Passive Income System 2.0 Digital: Effortless Earnings
 
5 Benefits Of Using Digital Marketing.pptx
5 Benefits Of Using Digital Marketing.pptx5 Benefits Of Using Digital Marketing.pptx
5 Benefits Of Using Digital Marketing.pptx
 
Beyond Silos: How Holistic B2B Digital Strategy Drives Pipeline
Beyond Silos: How Holistic B2B Digital Strategy Drives PipelineBeyond Silos: How Holistic B2B Digital Strategy Drives Pipeline
Beyond Silos: How Holistic B2B Digital Strategy Drives Pipeline
 
Tea Gobec, Kako pluti po morju tehnoloških sprememb, Innovatif.pdf
Tea Gobec, Kako pluti po morju tehnoloških sprememb, Innovatif.pdfTea Gobec, Kako pluti po morju tehnoloških sprememb, Innovatif.pdf
Tea Gobec, Kako pluti po morju tehnoloških sprememb, Innovatif.pdf
 
Fantasy Cricket Apps: A New Viewpoint for Online Cricket Betting Apps
Fantasy Cricket Apps: A New Viewpoint for Online Cricket Betting AppsFantasy Cricket Apps: A New Viewpoint for Online Cricket Betting Apps
Fantasy Cricket Apps: A New Viewpoint for Online Cricket Betting Apps
 
The seven principles of persuasion by Dr. Robert Cialdini
The seven principles of persuasion by Dr. Robert CialdiniThe seven principles of persuasion by Dr. Robert Cialdini
The seven principles of persuasion by Dr. Robert Cialdini
 
Digital marketing guide complete guide for beginners
Digital marketing guide complete guide for beginnersDigital marketing guide complete guide for beginners
Digital marketing guide complete guide for beginners
 
The Majestic Salar de Uyuni A Natural Wonder of Bolivia.pptx
The Majestic Salar de Uyuni A Natural Wonder of Bolivia.pptxThe Majestic Salar de Uyuni A Natural Wonder of Bolivia.pptx
The Majestic Salar de Uyuni A Natural Wonder of Bolivia.pptx
 
Klinik Jual Obat Aborsi Di Bandung wa 0851/7541/5434 Misoprostol 200mcg Pfize...
Klinik Jual Obat Aborsi Di Bandung wa 0851/7541/5434 Misoprostol 200mcg Pfize...Klinik Jual Obat Aborsi Di Bandung wa 0851/7541/5434 Misoprostol 200mcg Pfize...
Klinik Jual Obat Aborsi Di Bandung wa 0851/7541/5434 Misoprostol 200mcg Pfize...
 
Killer Packaging | PrintAction
Killer Packaging | PrintActionKiller Packaging | PrintAction
Killer Packaging | PrintAction
 
Best Digital Expert Corporation of India
Best Digital Expert Corporation of IndiaBest Digital Expert Corporation of India
Best Digital Expert Corporation of India
 
Intelligent Cryptocurrency VIP Digital - Membership Area
Intelligent Cryptocurrency VIP Digital - Membership AreaIntelligent Cryptocurrency VIP Digital - Membership Area
Intelligent Cryptocurrency VIP Digital - Membership Area
 

Featured

How to Prepare For a Successful Job Search for 2024
How to Prepare For a Successful Job Search for 2024How to Prepare For a Successful Job Search for 2024
How to Prepare For a Successful Job Search for 2024Albert Qian
 
Social Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie InsightsSocial Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie InsightsKurio // The Social Media Age(ncy)
 
Trends In Paid Search: Navigating The Digital Landscape In 2024
Trends In Paid Search: Navigating The Digital Landscape In 2024Trends In Paid Search: Navigating The Digital Landscape In 2024
Trends In Paid Search: Navigating The Digital Landscape In 2024Search Engine Journal
 
5 Public speaking tips from TED - Visualized summary
5 Public speaking tips from TED - Visualized summary5 Public speaking tips from TED - Visualized summary
5 Public speaking tips from TED - Visualized summarySpeakerHub
 
ChatGPT and the Future of Work - Clark Boyd
ChatGPT and the Future of Work - Clark Boyd ChatGPT and the Future of Work - Clark Boyd
ChatGPT and the Future of Work - Clark Boyd Clark Boyd
 
Getting into the tech field. what next
Getting into the tech field. what next Getting into the tech field. what next
Getting into the tech field. what next Tessa Mero
 
Google's Just Not That Into You: Understanding Core Updates & Search Intent
Google's Just Not That Into You: Understanding Core Updates & Search IntentGoogle's Just Not That Into You: Understanding Core Updates & Search Intent
Google's Just Not That Into You: Understanding Core Updates & Search IntentLily Ray
 
Time Management & Productivity - Best Practices
Time Management & Productivity -  Best PracticesTime Management & Productivity -  Best Practices
Time Management & Productivity - Best PracticesVit Horky
 
The six step guide to practical project management
The six step guide to practical project managementThe six step guide to practical project management
The six step guide to practical project managementMindGenius
 
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...RachelPearson36
 
Unlocking the Power of ChatGPT and AI in Testing - A Real-World Look, present...
Unlocking the Power of ChatGPT and AI in Testing - A Real-World Look, present...Unlocking the Power of ChatGPT and AI in Testing - A Real-World Look, present...
Unlocking the Power of ChatGPT and AI in Testing - A Real-World Look, present...Applitools
 
12 Ways to Increase Your Influence at Work
12 Ways to Increase Your Influence at Work12 Ways to Increase Your Influence at Work
12 Ways to Increase Your Influence at WorkGetSmarter
 
Ride the Storm: Navigating Through Unstable Periods / Katerina Rudko (Belka G...
Ride the Storm: Navigating Through Unstable Periods / Katerina Rudko (Belka G...Ride the Storm: Navigating Through Unstable Periods / Katerina Rudko (Belka G...
Ride the Storm: Navigating Through Unstable Periods / Katerina Rudko (Belka G...DevGAMM Conference
 
Barbie - Brand Strategy Presentation
Barbie - Brand Strategy PresentationBarbie - Brand Strategy Presentation
Barbie - Brand Strategy PresentationErica Santiago
 
Good Stuff Happens in 1:1 Meetings: Why you need them and how to do them well
Good Stuff Happens in 1:1 Meetings: Why you need them and how to do them wellGood Stuff Happens in 1:1 Meetings: Why you need them and how to do them well
Good Stuff Happens in 1:1 Meetings: Why you need them and how to do them wellSaba Software
 
Introduction to C Programming Language
Introduction to C Programming LanguageIntroduction to C Programming Language
Introduction to C Programming LanguageSimplilearn
 

Featured (20)

How to Prepare For a Successful Job Search for 2024
How to Prepare For a Successful Job Search for 2024How to Prepare For a Successful Job Search for 2024
How to Prepare For a Successful Job Search for 2024
 
Social Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie InsightsSocial Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie Insights
 
Trends In Paid Search: Navigating The Digital Landscape In 2024
Trends In Paid Search: Navigating The Digital Landscape In 2024Trends In Paid Search: Navigating The Digital Landscape In 2024
Trends In Paid Search: Navigating The Digital Landscape In 2024
 
5 Public speaking tips from TED - Visualized summary
5 Public speaking tips from TED - Visualized summary5 Public speaking tips from TED - Visualized summary
5 Public speaking tips from TED - Visualized summary
 
ChatGPT and the Future of Work - Clark Boyd
ChatGPT and the Future of Work - Clark Boyd ChatGPT and the Future of Work - Clark Boyd
ChatGPT and the Future of Work - Clark Boyd
 
Getting into the tech field. what next
Getting into the tech field. what next Getting into the tech field. what next
Getting into the tech field. what next
 
Google's Just Not That Into You: Understanding Core Updates & Search Intent
Google's Just Not That Into You: Understanding Core Updates & Search IntentGoogle's Just Not That Into You: Understanding Core Updates & Search Intent
Google's Just Not That Into You: Understanding Core Updates & Search Intent
 
How to have difficult conversations
How to have difficult conversations How to have difficult conversations
How to have difficult conversations
 
Introduction to Data Science
Introduction to Data ScienceIntroduction to Data Science
Introduction to Data Science
 
Time Management & Productivity - Best Practices
Time Management & Productivity -  Best PracticesTime Management & Productivity -  Best Practices
Time Management & Productivity - Best Practices
 
The six step guide to practical project management
The six step guide to practical project managementThe six step guide to practical project management
The six step guide to practical project management
 
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
 
Unlocking the Power of ChatGPT and AI in Testing - A Real-World Look, present...
Unlocking the Power of ChatGPT and AI in Testing - A Real-World Look, present...Unlocking the Power of ChatGPT and AI in Testing - A Real-World Look, present...
Unlocking the Power of ChatGPT and AI in Testing - A Real-World Look, present...
 
12 Ways to Increase Your Influence at Work
12 Ways to Increase Your Influence at Work12 Ways to Increase Your Influence at Work
12 Ways to Increase Your Influence at Work
 
ChatGPT webinar slides
ChatGPT webinar slidesChatGPT webinar slides
ChatGPT webinar slides
 
More than Just Lines on a Map: Best Practices for U.S Bike Routes
More than Just Lines on a Map: Best Practices for U.S Bike RoutesMore than Just Lines on a Map: Best Practices for U.S Bike Routes
More than Just Lines on a Map: Best Practices for U.S Bike Routes
 
Ride the Storm: Navigating Through Unstable Periods / Katerina Rudko (Belka G...
Ride the Storm: Navigating Through Unstable Periods / Katerina Rudko (Belka G...Ride the Storm: Navigating Through Unstable Periods / Katerina Rudko (Belka G...
Ride the Storm: Navigating Through Unstable Periods / Katerina Rudko (Belka G...
 
Barbie - Brand Strategy Presentation
Barbie - Brand Strategy PresentationBarbie - Brand Strategy Presentation
Barbie - Brand Strategy Presentation
 
Good Stuff Happens in 1:1 Meetings: Why you need them and how to do them well
Good Stuff Happens in 1:1 Meetings: Why you need them and how to do them wellGood Stuff Happens in 1:1 Meetings: Why you need them and how to do them well
Good Stuff Happens in 1:1 Meetings: Why you need them and how to do them well
 
Introduction to C Programming Language
Introduction to C Programming LanguageIntroduction to C Programming Language
Introduction to C Programming Language
 

Wake Up and Smell the Digital Reward

  • 1. Wake Up & Smell the Digital Reward Meet Alia. Alia is your typical upwardly mobile millennial living in a metro – social and tech savvy. She ‘Snapchats’ a morning selfie to her gang at 7 AM with her personalised bitmoji. On her way to work, she flips through her news app and Cosmopolitan on her phone and orders her favourite coffee straight to her desk. She orders groceries from her mobile app on her way back home… Post dinner, she catches up on her regular Netflix series (she couldn’t resist subscribing to it after her 1-month free trial). She winds up her day, levelling up on a new hip game in town and watching short comedy video clips on YouTube. The advent of this “always on consumer”, provides brands with a wide range of ample new opportunities — namely digital ones. Let’s wake up and smell the digital reward! Here are some of the trends that are inevitable over the next few years. So, What are Digital Rewards? Digital rewards are incentives of digital nature having a monetary value, delivered to the customer via a digital medium. Digital rewards include music & video streaming, data recharges, online magazine subscriptions, e-books, short-form content like small audio/video clips, in-app purchases and so on.
  • 2. Digital Rewards, You Beauty! Savvy businesses can leverage these new trends (see Infographic), like growing consumption of different forms of content – music, videos, text… and the growing preference for short form content, by using relevant bite-sized content as digital rewards for customers. Another major advantage of digital rewards is that the redemption is instant, easy and can be done anywhere. Using digital rewards, brands can now achieve multiple objectives like increase in sales, customer engagement, gratification, and customer loyalty easily and instantly. Moreover, results from digital reward programs are a 100% measurable, and it’s easier to optimise for better results since multi- variate testing becomes possible with digital rewards. Ready or Not, Here I Come! Data traffic per active smartphone in India is projected to grow five times to 7 GB (1.4 GB in 2016) of data consumption per month by 2021. And the number of smartphones is projected to touch 810 million. From a regional aspect, currently 45% of online users consume regional language content and this percentage is expected to increase with the growth of internet users. Also, the preference of the Indian consumers towards vernacular and regional language content is constantly on the upswing, with 93 percent of time spent on videos in Hindi and other regional languages. This essentially means that whether brands are ready to embrace digital rewards or not, their Indian consumers are. This is irrespective of whether their customers are metro-dwelling millennials or housewives in Tier II cities. Digital Rewards 101 for Brands Giveaway Digital Rewards based on Content Consumption Welcome to the age of content-guzzlers! Customers can be segmented and in accordance gratified based on the type of content they are consuming. For instance: the +40M users of DailyHunt (see infographic) can be rewarded with a free 1-month subscription to an online weekly magazine. Or the
  • 3. +25M Saavn users can be gratified with a free song on completing a task on the brand’s social page. The biggest value addition for a brand in case of a digital reward is that a relevant customer base can be instantly gratified with bite-sized content using completely automated targeting. Deliver Instant Gratification. Achieve Wider Reach. Most brands’ customer segments fall under “instant gratification”-crazed millennials. Digital rewards are instant, easy to access (straight to the customer’s mobile) and can be redeemed and enjoyed anytime & anywhere. Given the digital nature of these rewards, all customer segments can be targeted without geographical constraints. And there’s more – say adios to distribution costs if your brand is planning to target a large set of customers in multiple geographic regions. The cost of a technology set-up and its easy scalability for distributing digital rewards are a fraction of physical distribution costs for the same targeted set. Alia could be your Happy Customer & Evangelist Alia’s internet service provider could incentivise her with an extra 10 GB data for free, if she pays her monthly bill before time, rewarding desired customer behaviour. #lovefreedata #tellingallherfriends about how her @Internet Service Provider gave her free 10GB on paying her bills on time. Alia’s bank could gift her a 3-month subscription to online magazines on signing up for a credit card. The energy bar she picks up on a regular basis, could incentivise her to buying the bigger pack with 8 bars, by giving her free 2-month subscription to a premium fitness monitoring app on the pack itself. Her cab service app could reward Alia’s customer loyalty by giving her free song downloads weekly if she spends a minimum of Rs.1200 per week instead of her average Rs.900. Although the picture painted here pertains to a metro-dwelling millennial, it can have a similar application to a housewife in a Tier II city who could be gratified with an online video clip on how to bake an eggless chocolate cake, or a farmer consuming regional content in his village. Digital reward systems will rapidly encroach on traditional consumer reward tactics because it is tailored to the consumers’ desires and aspirations. It’s a system that does away with commoditised, blanket marketing in favour of the bespoke, in favour of enjoying life’s little pleasures and surprise wins. No matter where the customers are, they can enjoy digital rewards on the go. We have witnessed this growing trend in customers’ preference for digital rewards first hand while running digital reward campaigns for some of the largest brands in India. We are Digital Reward ready! Reach out to us today, and witness how this fantastic new reward solution works first hand! See more of our work on https://www.bigcity.in/