Modernizing the Insurance Value Chain: Top Three Digital Imperatives
LuxProLoyaltyRewards
1. LuxPro Consultants
BT Vishwanath, M. Sc. (Math, IIT/ K), M. Tech. (AI, Univ. of Hyd.)
Technology Consultant
LuxPro's Loyalty Rewards Programme
Defeat Inflation through Loyalty
I announce the immediate availability of a Loyalty Management and Kustomer Reward System that
will have far reaching consequences for human living across the world. At the very least, the system
titled, KLR, for Kavish Loyalty Rewards, shall be able to return a reward equivalent to up to 30%
of the purchase value of a transaction in exchange for loyalty. Potential to defeat inflation!
The system is the outcome of my private research in Loyalty Management looked at from an AI
perspective. The goal of the research was to produce a reward system that would offer substantial
rewards to customers in exchange for loyalty. The project when fully implemented will result in the
development of an ecosystem that can support and nourish entrepreneurship. This will result in
inclusive economic growth that can solve fundamental national problems like poverty, illiteracy and
unemployment.
A Business powered by KLR is a business on Steroids
Businesses can now find it easy to acquire, retain and reward customers by buying into and leveraging
KLR. While they focus on their core area of operations, they can rely on KLR for the loyalty
management and the CRM.
Over the loyalty period, customers can expect returns of between 10% and 30% on the value of their
purchases. This will translate into repeat purchases by existing customers resulting in savings in
advertising and marketing spends. The old adage that it is cheaper to retain customers than to get new
ones comes to mind?
Those businesses not interested in diluting quality to fight the price warriors, can now adopt KLR to
power their sales. While they focus on offering quality products and services to their customers, KLR
would do the job of lowering effective prices for customers. This would be a double bonus for
customers who get quality products and services at last year's prices. Defeat inflation!
Applications of KLR
KLR can find application in several situations. For example, as already discussed above, it can make
the cost of products and services cheaper by between 10 and 30%. In low value, large volume
situations as in telecom, power etc. KLR can return even more to the customer. KLR can break
through market resistance by bringing in early adopters far more easily than would otherwise be
possible. Strategic bundling of products and services can help sales cut through a sluggish market.
KLR is the ideal foil in situations in which a purchase triggers repeat transactions as in telecom,
insurance, power, housing loans etc. If you have a need, KLR can mutate to adjust to that need!
KLR Ready to Go!
KLR is ready to go! Get in touch with me if you believe you need steroids for your business! A
business powered by KLR is a business on Steroids!! Double your sales in half the time !!
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