DEALJOY; THE MARKETING TOOL FOR E-COMMERCE MERCHANTS


E-commerce is the exchange of goods and services online, it provides a platform where shopping for products is done online.
E-commerce merchants are online retailers or wholesalers that provide products for sale to online shoppers. They are traders of a particular or various products who use the online platform to sell their merchandise.
OVERVIEW
E -commerce has been a rising trend in the exchange of goods and services, people now prefer shopping online than going distances to purchase commodities because it saves time and have proved to be very effective as well.
The advent of e-commerce has also led to rise of e-commerce merchants who are either retailers or wholesalers that offer a wide range of commodities for online shoppers to choose from.
To be able to sell their products, these e-commerce merchant need a marketing tool that can connect online shoppers to purchase their products and also reward them, as a result various e-commerce merchants now use cash back networks as a tool to effectively market their products.
According to reports the cash back industry is estimated to worth more than $84 billion with more than 100,000 e-commerce merchants using cash backs as a tool for marketing their products. In all over 10% of online retail sale is caused by affiliate marketers, which includes cash back providers.                                                             Also due to the mass adoption of crypto currency as a means of payment for goods and services, it is predicted that customer will soon demand more of blockchain based cash back platforms to connect them to e-commerce merchants.
The problem with existing cash back platforms is that they have not been able to adjust with the rising trends in the use of crypto currencies as a means of payment, leaving e-commerce merchants with few persons to sell products to.
Dealjoy is an online cash back platform adopting blockchain technology with the use of crypto currency in rewarding online shoppers as cash back commissions when the make purchases from its affiliate marketers.


PROBLEMS ASSOCIATED WITH EXISTING CASH BACK PLATFORMS
Cash back platforms overtime have faced the following problems, some of which include:
  • Existing platforms reward their customers using Fiat money as cash back commissions even with the rising usage of crypto currency in online shopping. This did not encourage e-commerce merchants to sell their products.
  • Due to commission splits and delayed payment of cash back commission in existing cash back platforms, customers had trust issues with these platforms and as a result e-commerce merchants could not effectively market their products through these platforms.
  • Existing platforms could not account for cash commission paid on products that subsequently returned or refunded by the shopper.

SOLUTION
Dealjoy will provide the following solutions with the use of its set down strategies, which include:
  • The Dealjoy platform adopts blockchain technology in rewarding online shoppers using crypto currency as cash back commissions. This solves the problem of e-commerce merchants in marketing their products as a result of the wide adoption of crypto currency by online shoppers.
  • With the Dealjoy Trustless Sharing Commission Protocol (TCS) trust issues between shoppers and e-commerce merchants is resolved.
  • In a case of refund the cash back commission paid which is the DEAL token will be deducted from the shoppers balance on the platform, this balance is what the user initially paid as collateral before joining the platform.
  • Dealjoy for business encourages growth of merchants businesses, it provides an easy way of profiting from cash back programs. Merchants can join the platform by installing an add-on on their online trading platform.
What I think
Dealjoy provides a profitable cash back program utilizing blockchain technology and rewarding customers with crypto currencies in light with the wide adoption of crypto currencies as a payment method for products.
The Dealjoy decision is the key to growth of e-commerce platforms so I will urge you to join this great project via joining their ICO. You can get more information about the DEALJOY project from the links below:
ESSENTIAL LINKS
 ★ Web ★ Whitepaper ★ Twitter ★ Facebook ★ Medium ★ Telegram ★ Reddit ★ Ann
Bitcointalk Username: mordic       
Bitcointalk profile URL: https://bitcointalk.org/index.php?action=profile;u=2318611

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