Introduction:
Every business survives because there is a demand from the other.
The growth of a business depends on how best you treat your customer with uncompromising services. This goes without doubt.
How?
Read this.
Amazon Sellers is the finest example of multiplying business profits over the online platform using the services of payment processors.
As soon as digital marketing and online selling hit the Indian market, no one but the sellers from giant eCommerce platform Amazon leveraged the situation. At present, there are more than 1 lakh Amazon sellers in India, out of which 100 sellers are earning in crores. Recently, Amazon expanded its 824 new pin codes, which multiplied the profit of a few sellers.
Amazon is a platform that has offered the convenience of cross-border business to millions of sellers through payment processors. These eCommerce sellers have increased their business’ profit by utilizing the services of PingPong, a payment platform. It enabled the sellers to sell more and save money by reducing the outgo in the name of fee deductions.
Does the last part of the previous sentence irk you? If yes, then don’t get hassled here.
Amazon sellers can save money using safe, secured, and cost-effective payment solution providers. Now the obvious question that comes to mind is how do you know PingPong is the best PSP?
PingPong satisfies the sellers who rely on the services of this PSP after considering these:
→ Transaction fees.
→ Currency conversion fees.
→ PCI compliance regulations.
→ Safety, security, and reliability measures.
→ Currencies accepted or processed.
→ The number of days used to process the fund transfer to the local bank account.
To push the business ahead and increase the relevance of the payment processor, PingPong has introduced a loyalty program for Amazon sellers. Let us explore what best can it offer to the sellers.
Table of Contents:
- What is a loyalty program?
- What is a PingPong loyalty program for Amazon Sellers?
- What are the benefits of the PingPong Loyalty Program?
- What needs to be done to be a part of the PingPong Loyalty Program? Tips to increase the Q4 sales.
- Final Thoughts.
What is a loyalty program?
A loyalty program is not just a fascination but a purpose of repeatedly using a service. That applies to all. It is a business tactic to promote growth by maintaining existing customers and at the same time adding new ones.
Speaking of it per definition, a loyalty program is a marketing strategy designed to encourage customers to use the products or services. In return, the customers get benefits or rewards.
Loyalty programs are designed not just to attract new customers but importantly to retain the existing customers. Therefore, let us further understand how such a loyalty program benefits the eCommerce Sellers.
Consider Amazon sellers who are engaged in a large volume of business through the platform. In addition, individuals who are involved in selling abroad are liable to receive cross-border payments also. In this scenario, making more profits both through selling more and reducing the payment on tax-outgo is the prime target of the sellers. Well, sales depend on these:
- Demand from the customers.
- The quality of the products.
- Competitive price of the product.
- Reviews.
But if you talk of reducing the tax outgo, the only thing an Amazon seller can do is:
- Use a low-cost and secured payment solutions provider.
- Use a fast payment processor.
- Make sure that the processor you use is compliant with all the regulations.
Thinking about how a payment solution provider can help Amazon sellers save money?
Here is how PingPong-a payment processor helps you in cutting the cost.
Suppose you are a well established Amazon seller who sells Indian handicraft items in the USA. Every month you earn close to $2000, most of which you will have to shell in the name of currency conversion and transaction fees. But with PingPong, you can protect your earnings. So the first thing to do is create a virtual PingPong US account. From here, you can transfer the money to your PingPong India account and later to the local bank.
For all the processing, PingPong imposes charges that are more competitive than other players in the market. They levy transaction fees on every money transfer that amounts with lowest commission rates This implies this:
If the seller had used any other competitor’s service, the total amount earned would have been close to INR 1,40,160/-. They charge comparatively higher fees per transaction.
Bearing the thought to benefit the Amazon Sellers, PingPong introduced a Loyalty Program.
What is the PingPong Loyalty Program for Amazon Sellers?
PingPong, to benefit its customers (a large group of Amazon sellers), introduced a Loyalty Program. It encircles a lot of benefits to foster the relationship with the clients.
The program offers a chance to win a magnificent international vacation based on the volume of business placed. The sales accountability will be from January 2021 to December 2021 should be higher than 1 million.
PingPong will benefit the top 20 sellers who will categorically be awarded depending on the volume of the business earned. These 20 sellers or winning sellers will be entitled to these trips based on the ranks.
Visit here: https://in.pingpongx.com/in/leaders-program
The winners will also be entitled to other bonuses and rewards.
What are the benefits of the PingPong Loyalty Program?
Here are the benefits of the PingPong Loyalty Program:
- The Amazon Sellers can make use of preferential transaction fees.
- The sellers can prioritize participating in programs with PingPong partners like Google.
- Earn consultation for business expansion in new marketplaces in the USA, SEA, MEA.
- Chance to get featured in PingPong Global Social Media Channels.
- A space for testimonials and brand stories to fascinate others. This will be booked for an entire month.
- Chance to participate in PingPong yearly sales promotion or festive promotion.
The business volumes to evaluate the winner will exclude the duration of the year-end promotion, which are majorly announced on September 21 and October 21.
What needs to be done to be a part of the PingPong Loyalty Program?
As an Amazon Seller, if you are looking to be a part of the PingPong Loyalty Program, you need to have these:
→ First, a valid PingPong account with all the account information verified.
→ Second, the sales figure should touch a whopping amount of Rs. 1 million.
If that has not happened so far, the existing Amazon Sellers using the PingPong services must now concentrate on pushing their sales figure for the fourth quarter. You can lure customers based on the fact that PingPong keeps its financial data safe.
Leaving aside the existing sellers, the new players who are not a part of PingPong can also take advantage of the offer. PingPong welcomes all the new sellers provided they should own a PingPong account.
Final Thoughts.
PingPong’s loyalty program benefits the Amazon sellers, new or existing, and helps them save more. The payment solution provider assures safe and secured transactions. In addition, it keeps the customers' financial information secure, bringing in more loyal buyers for the sellers. For more details on the loyalty program, you can write to cs-india@pingpongx.com.