{"id":1242,"date":"2024-02-06T14:26:46","date_gmt":"2024-02-06T14:26:46","guid":{"rendered":"https:\/\/shareakart.com\/?page_id=1242"},"modified":"2024-02-07T08:05:09","modified_gmt":"2024-02-07T08:05:09","slug":"faq","status":"publish","type":"page","link":"https:\/\/shareakart.com\/index.php\/faq\/","title":{"rendered":"FAQs"},"content":{"rendered":"\t\t
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For D2C Brands & Online Retail<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Our Cashback model is a complex model based on progression and we believe that these FAQs will help you understand its value for your business much better eand easier.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\r\n\t\t\t\t<\/div>\r\n\t\t\t\t\t\t<\/div>\r\n\t\t\t\t<\/section>\r\n\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tHow will initial customers be acquired?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t

Initially our system would start enrolling the existing customers after they understand & accept the terms & conditions. We would also do a bit of digital marketing and social media campaigning to build an initial transaction. Since our model is based on referrals and promises to save huge marketing spends, we would refrain from spending huge sums on doing active digital marketing or customer acquisition campaigns.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tWhat kind of customer acquisition cost are we estimating?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t

Customer Acquisition Cost (CAC) will vary for each brand and will depend on the Average Merchandise Value (AMV). It can be as low as \u20b9100 and can be as high as \u20b91000. In terms of percentage of AMV, it will vary between 1-10%.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tWhat will be Rewards per transaction for a user?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t

Our system is a community model which means that it doesn\u2019t just offer cashback from referrals, it also offers cashback from the community. E.g. If person A refers 2 people namely B & C, then both B & C form a community. Any cashback generated in this community through referrals of both B & C will be considered as community cashback and will be distributed amongst B & C. Since referrals of B & C may be different, the cashback calculation will not be possible on a per transaction basis. Of course, there will be certain conditions to this but prima facie, we have ensured<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tHow will the referral program be tracked and cashback given to users?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t

Our APIs are designed to handle and track every entry of data, validate it and then link with the referral data table. Our system will track whenever a referral joins the program and upon his purchase, gives cashback to the referrer when all other conditions are met.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tWho will pay cash to users and how will it be redeemed?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t

For redemption of Cash, a user will be redirected to a dedicated Cash Redemption page where upon receipt of details like PAN & Adhar, and OTP validation, Cash will be processed in Users account or wallet. Cash will attract deduction of TDS as per government rules.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tWhat will be cost of implementation of such a program?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t

There is no cost of implementation. We only charge a percentage of sale for which invoices are raised weekly. Besides that, there is a Customer Acquisition Fee that we pass on to a consumer as reward points, which in turn are used on client\u2019s own app or website.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tWhat will happen to our existing loyalty program?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t

Though SCCP is\u00a0 a robust loyalty program that comes at a fraction of a cost of all other loyalty programs yet there is a cost. And if it is feasible for a client to run both the loyalty and SCCP together, this can be done, although we recommend replacing existing loyalty program with SCCPL to harness the program\u2019s full potential.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\r\n\t\t\t\t<\/div>\r\n\t\t\t\t

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<\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\r\n\t\t\t\t<\/div>\r\n\t\t\t\t\t\t<\/div>\r\n\t\t\t\t<\/section>\r\n\t\t\t\t
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For Users & Customers<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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We promise cashback of almost unimaginable proportions because nowhere in the world does anything like this exist. And when something is as unique as our Community Cashback Program, you are bound to have questions.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\r\n\t\t\t\t<\/div>\r\n\t\t\t\t\t\t<\/div>\r\n\t\t\t\t<\/section>\r\n\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tHow much do I need to spend to get a cashback?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t

Cashback comes in two forms, Reward Points that you can redeem on further purchases and Cash Points that you can transfer as cash in your bank account.<\/p>

Every product carries some points that you get when you buy the product. You need to do the following two things be eligible for cashback:<\/p>