{"id":5856,"date":"2023-03-19T23:24:05","date_gmt":"2023-03-19T23:24:05","guid":{"rendered":"https:\/\/8-rewards.com\/?page_id=5856"},"modified":"2023-06-10T16:43:48","modified_gmt":"2023-06-10T16:43:48","slug":"industry-analysis","status":"publish","type":"page","link":"https:\/\/8-rewards.com\/main\/industry-analysis\/","title":{"rendered":"Industry Analysis"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"5856\" class=\"elementor elementor-5856\">\n\t\t\t\t\t\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-top-section elementor-element elementor-element-126d3fb elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"126d3fb\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-6710f7d\" data-id=\"6710f7d\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7ba7b01 elementor-widget__width-initial elementor-widget elementor-widget-image\" data-id=\"7ba7b01\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.13.3 - 22-05-2023 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"300\" height=\"183\" src=\"https:\/\/8-rewards.com\/main\/wp-content\/uploads\/2023\/05\/icon-300x183.png\" class=\"attachment-medium size-medium wp-image-6263\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/8-rewards.com\/main\/wp-content\/uploads\/2023\/05\/icon-300x183.png 300w, https:\/\/8-rewards.com\/main\/wp-content\/uploads\/2023\/05\/icon.png 392w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cd0aeba elementor-widget elementor-widget-heading\" data-id=\"cd0aeba\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.13.3 - 22-05-2023 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h1 class=\"elementor-heading-title elementor-size-default\">MARKET ANALYSIS SUMMARY<\/h1>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7abccb9 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"7abccb9\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.13.3 - 22-05-2023 *\/\n.elementor-widget-divider{--divider-border-style:none;--divider-border-width:1px;--divider-color:#0c0d0e;--divider-icon-size:20px;--divider-element-spacing:10px;--divider-pattern-height:24px;--divider-pattern-size:20px;--divider-pattern-url:none;--divider-pattern-repeat:repeat-x}.elementor-widget-divider .elementor-divider{display:flex}.elementor-widget-divider .elementor-divider__text{font-size:15px;line-height:1;max-width:95%}.elementor-widget-divider .elementor-divider__element{margin:0 var(--divider-element-spacing);flex-shrink:0}.elementor-widget-divider .elementor-icon{font-size:var(--divider-icon-size)}.elementor-widget-divider .elementor-divider-separator{display:flex;margin:0;direction:ltr}.elementor-widget-divider--view-line_icon .elementor-divider-separator,.elementor-widget-divider--view-line_text .elementor-divider-separator{align-items:center}.elementor-widget-divider--view-line_icon .elementor-divider-separator:after,.elementor-widget-divider--view-line_icon .elementor-divider-separator:before,.elementor-widget-divider--view-line_text .elementor-divider-separator:after,.elementor-widget-divider--view-line_text .elementor-divider-separator:before{display:block;content:\"\";border-bottom:0;flex-grow:1;border-top:var(--divider-border-width) var(--divider-border-style) var(--divider-color)}.elementor-widget-divider--element-align-left .elementor-divider .elementor-divider-separator>.elementor-divider__svg:first-of-type{flex-grow:0;flex-shrink:100}.elementor-widget-divider--element-align-left .elementor-divider-separator:before{content:none}.elementor-widget-divider--element-align-left .elementor-divider__element{margin-left:0}.elementor-widget-divider--element-align-right .elementor-divider .elementor-divider-separator>.elementor-divider__svg:last-of-type{flex-grow:0;flex-shrink:100}.elementor-widget-divider--element-align-right .elementor-divider-separator:after{content:none}.elementor-widget-divider--element-align-right .elementor-divider__element{margin-right:0}.elementor-widget-divider:not(.elementor-widget-divider--view-line_text):not(.elementor-widget-divider--view-line_icon) .elementor-divider-separator{border-top:var(--divider-border-width) var(--divider-border-style) var(--divider-color)}.elementor-widget-divider--separator-type-pattern{--divider-border-style:none}.elementor-widget-divider--separator-type-pattern.elementor-widget-divider--view-line .elementor-divider-separator,.elementor-widget-divider--separator-type-pattern:not(.elementor-widget-divider--view-line) .elementor-divider-separator:after,.elementor-widget-divider--separator-type-pattern:not(.elementor-widget-divider--view-line) .elementor-divider-separator:before,.elementor-widget-divider--separator-type-pattern:not([class*=elementor-widget-divider--view]) .elementor-divider-separator{width:100%;min-height:var(--divider-pattern-height);-webkit-mask-size:var(--divider-pattern-size) 100%;mask-size:var(--divider-pattern-size) 100%;-webkit-mask-repeat:var(--divider-pattern-repeat);mask-repeat:var(--divider-pattern-repeat);background-color:var(--divider-color);-webkit-mask-image:var(--divider-pattern-url);mask-image:var(--divider-pattern-url)}.elementor-widget-divider--no-spacing{--divider-pattern-size:auto}.elementor-widget-divider--bg-round{--divider-pattern-repeat:round}.rtl .elementor-widget-divider .elementor-divider__text{direction:rtl}.e-con-inner>.elementor-widget-divider,.e-con>.elementor-widget-divider{width:var(--container-widget-width,100%);--flex-grow:var(--container-widget-flex-grow)}<\/style>\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9f6e345 elementor-widget elementor-widget-text-editor\" data-id=\"9f6e345\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.13.3 - 22-05-2023 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>Consumer Rewards System (CRS) will be targeting personal contacts as the prospective customers. This is an ideal market segment because a positive relationship already exists with the personal contacts, making extra job of selling the products significantly easier.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-b4a44ea\" data-id=\"b4a44ea\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-317b243 elementor-widget elementor-widget-image\" data-id=\"317b243\" data-element_type=\"widget\" data-settings=\"{&quot;ha_floating_fx&quot;:&quot;yes&quot;,&quot;ha_floating_fx_translate_toggle&quot;:&quot;yes&quot;,&quot;ha_floating_fx_translate_x&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:{&quot;from&quot;:-3,&quot;to&quot;:1}},&quot;ha_floating_fx_translate_y&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:{&quot;from&quot;:0,&quot;to&quot;:9}},&quot;ha_floating_fx_translate_duration&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:1700,&quot;sizes&quot;:[]},&quot;ha_floating_fx_translate_delay&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]}}\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"768\" height=\"988\" src=\"https:\/\/8-rewards.com\/main\/wp-content\/uploads\/2023\/05\/Phone-copy-768x988.webp\" class=\"attachment-medium_large size-medium_large wp-image-6278\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/8-rewards.com\/main\/wp-content\/uploads\/2023\/05\/Phone-copy-768x988.webp 768w, https:\/\/8-rewards.com\/main\/wp-content\/uploads\/2023\/05\/Phone-copy-233x300.webp 233w, https:\/\/8-rewards.com\/main\/wp-content\/uploads\/2023\/05\/Phone-copy-796x1024.webp 796w, https:\/\/8-rewards.com\/main\/wp-content\/uploads\/2023\/05\/Phone-copy-1194x1536.webp 1194w, https:\/\/8-rewards.com\/main\/wp-content\/uploads\/2023\/05\/Phone-copy-1592x2048.webp 1592w, https:\/\/8-rewards.com\/main\/wp-content\/uploads\/2023\/05\/Phone-copy-600x772.webp 600w, https:\/\/8-rewards.com\/main\/wp-content\/uploads\/2023\/05\/Phone-copy.webp 1863w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-top-section elementor-element elementor-element-e0db11a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"e0db11a\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-39ebb2a\" data-id=\"39ebb2a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9a332ab elementor-widget elementor-widget-spacer\" data-id=\"9a332ab\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.13.3 - 22-05-2023 *\/\n.elementor-column .elementor-spacer-inner{height:var(--spacer-size)}.e-con{--container-widget-width:100%}.e-con-inner>.elementor-widget-spacer,.e-con>.elementor-widget-spacer{width:var(--container-widget-width,var(--spacer-size));--align-self:var(--container-widget-align-self,initial);--flex-shrink:0}.e-con-inner>.elementor-widget-spacer>.elementor-widget-container,.e-con-inner>.elementor-widget-spacer>.elementor-widget-container>.elementor-spacer,.e-con>.elementor-widget-spacer>.elementor-widget-container,.e-con>.elementor-widget-spacer>.elementor-widget-container>.elementor-spacer{height:100%}.e-con-inner>.elementor-widget-spacer>.elementor-widget-container>.elementor-spacer>.elementor-spacer-inner,.e-con>.elementor-widget-spacer>.elementor-widget-container>.elementor-spacer>.elementor-spacer-inner{height:var(--container-widget-height,var(--spacer-size))}<\/style>\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-inner-section elementor-element elementor-element-c8f8bc7 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"c8f8bc7\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-38f3546\" data-id=\"38f3546\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-bed581e elementor-widget elementor-widget-image\" data-id=\"bed581e\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"940\" height=\"625\" src=\"https:\/\/8-rewards.com\/main\/wp-content\/uploads\/2023\/05\/man-online-store-shopping-internet-concept-virtual-screen-shopping-cart-1024x681.jpg\" class=\"attachment-large size-large wp-image-6239\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/8-rewards.com\/main\/wp-content\/uploads\/2023\/05\/man-online-store-shopping-internet-concept-virtual-screen-shopping-cart-1024x681.jpg 1024w, https:\/\/8-rewards.com\/main\/wp-content\/uploads\/2023\/05\/man-online-store-shopping-internet-concept-virtual-screen-shopping-cart-300x200.jpg 300w, https:\/\/8-rewards.com\/main\/wp-content\/uploads\/2023\/05\/man-online-store-shopping-internet-concept-virtual-screen-shopping-cart-768x511.jpg 768w, https:\/\/8-rewards.com\/main\/wp-content\/uploads\/2023\/05\/man-online-store-shopping-internet-concept-virtual-screen-shopping-cart-1536x1022.jpg 1536w, https:\/\/8-rewards.com\/main\/wp-content\/uploads\/2023\/05\/man-online-store-shopping-internet-concept-virtual-screen-shopping-cart-2048x1363.jpg 2048w, https:\/\/8-rewards.com\/main\/wp-content\/uploads\/2023\/05\/man-online-store-shopping-internet-concept-virtual-screen-shopping-cart-600x399.jpg 600w\" sizes=\"(max-width: 940px) 100vw, 940px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-a15576e\" data-id=\"a15576e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ae2dab6 elementor-widget elementor-widget-heading\" data-id=\"ae2dab6\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><b>MARKET <\/b>SEGMENTATION<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b7ef521 g-text-1 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"b7ef521\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-213fc20 elementor-widget elementor-widget-text-editor\" data-id=\"213fc20\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>As a rewards system, the company has an unusual market segment that it is targeting. With rewards system, sales and recruitment are done through personal contacts. Once these people are users, salespeople try to convert them from consumer to salespeople for the products. This is also called multi-level marketing.\u00a0 A company sells a product to a consumer (typically personal contacts) via direct selling methods, and recruits new people to help sell. The salesperson is then being rewarded for the sales made as well as the sales of the people recruited.\u00a0\u00a0<\/p><p><strong><span style=\"color: var( --e-global-color-secondary );\">Because of this unusual business arrangement, the market will be segmented into personal contacts. Personal contacts typically take the form of the following groups (not an exhaustive list): past classmates, current and past neighbors, officemates, landlords, tenants, club members, sport partners, children\u2019s teachers, children\u2019s playmate parents, spouse contacts, and fellow congregation members.<\/span><\/strong><\/p><p><span style=\"color: var( --e-global-color-secondary );\">This market segment that will be targeted will be called \u201cpersonal contacts,\u201d and makes up the majority of the market.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-inner-section elementor-element elementor-element-90eceb8 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"90eceb8\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-5c8436a\" data-id=\"5c8436a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-8868837 elementor-widget elementor-widget-heading\" data-id=\"8868837\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><b>\nTARGET MARKET  <\/b>SEGMENT STRATEGY<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9e0a541 g-text-1 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"9e0a541\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-52c3430 elementor-widget elementor-widget-text-editor\" data-id=\"52c3430\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>CRS is focusing on this portion of the market because to some degree a trust relationship has already been developed between the personal contacts. Due to the nature of this business, where you sell directly to the consumer, it helps considerably to have already established a relationship. With a relationship already established, it is far easier to then sell the product because the prospective customers skepticism has been lowered. This then creates an opportunity when CRS can explain the cost advantages of the CRS products.<\/p><p><span style=\"color: var( --e-global-color-secondary ); background-color: rgba(227, 227, 227, 0);\">Additionally, this market is targeted because once the prospect is a customer, it is then easier to convert them into a Consumer Associate for CRS products. The advantage to the company of having Consumer Associates is an extra income stream of reward system. The advantage to the customers becoming Consumer Associate is a lower cost for their own product and a revenue stream from the sales of CRS products to their clients.\u00a0 If their clients then become Consumer Associate, the customers then get a second level of revenue.\u00a0<\/span><\/p><p><strong><span style=\"color: var( --e-global-color-secondary ); background-color: rgba(227, 227, 227, 0);\">Lastly, for every recruit that Consumer Associate recruits bring in, Consumer Associate gets a Reward. So, Consumer Associate would get a reward for his sales, a reward for the sales of his recruits, and if they recruit someone, Consumer Associate will get a rewards off of them as well.<\/span><\/strong><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-dbb7be0\" data-id=\"dbb7be0\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-92d291e elementor-widget elementor-widget-image\" data-id=\"92d291e\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"768\" height=\"512\" src=\"https:\/\/8-rewards.com\/main\/wp-content\/uploads\/2023\/05\/businessmen-using-laptop-with-online-shopping-concept-marketplace-website-with-virtual-interface-online-shopping-cart-part-network-online-shopping-business-with-selecting-shopping-cart-1-768x512.jpg\" class=\"attachment-medium_large size-medium_large wp-image-6216\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/8-rewards.com\/main\/wp-content\/uploads\/2023\/05\/businessmen-using-laptop-with-online-shopping-concept-marketplace-website-with-virtual-interface-online-shopping-cart-part-network-online-shopping-business-with-selecting-shopping-cart-1-768x512.jpg 768w, https:\/\/8-rewards.com\/main\/wp-content\/uploads\/2023\/05\/businessmen-using-laptop-with-online-shopping-concept-marketplace-website-with-virtual-interface-online-shopping-cart-part-network-online-shopping-business-with-selecting-shopping-cart-1-300x200.jpg 300w, https:\/\/8-rewards.com\/main\/wp-content\/uploads\/2023\/05\/businessmen-using-laptop-with-online-shopping-concept-marketplace-website-with-virtual-interface-online-shopping-cart-part-network-online-shopping-business-with-selecting-shopping-cart-1-1024x683.jpg 1024w, https:\/\/8-rewards.com\/main\/wp-content\/uploads\/2023\/05\/businessmen-using-laptop-with-online-shopping-concept-marketplace-website-with-virtual-interface-online-shopping-cart-part-network-online-shopping-business-with-selecting-shopping-cart-1-1536x1024.jpg 1536w, https:\/\/8-rewards.com\/main\/wp-content\/uploads\/2023\/05\/businessmen-using-laptop-with-online-shopping-concept-marketplace-website-with-virtual-interface-online-shopping-cart-part-network-online-shopping-business-with-selecting-shopping-cart-1-2048x1365.jpg 2048w, https:\/\/8-rewards.com\/main\/wp-content\/uploads\/2023\/05\/businessmen-using-laptop-with-online-shopping-concept-marketplace-website-with-virtual-interface-online-shopping-cart-part-network-online-shopping-business-with-selecting-shopping-cart-1-600x400.jpg 600w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-inner-section elementor-element elementor-element-7e5dcfa elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7e5dcfa\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-e24e229\" data-id=\"e24e229\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1838bce elementor-widget elementor-widget-image\" data-id=\"1838bce\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"940\" height=\"529\" src=\"https:\/\/8-rewards.com\/main\/wp-content\/uploads\/2023\/05\/AdobeStock_560688863-1024x576.jpg\" class=\"attachment-large size-large wp-image-6399\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/8-rewards.com\/main\/wp-content\/uploads\/2023\/05\/AdobeStock_560688863-1024x576.jpg 1024w, https:\/\/8-rewards.com\/main\/wp-content\/uploads\/2023\/05\/AdobeStock_560688863-300x169.jpg 300w, https:\/\/8-rewards.com\/main\/wp-content\/uploads\/2023\/05\/AdobeStock_560688863-768x432.jpg 768w, https:\/\/8-rewards.com\/main\/wp-content\/uploads\/2023\/05\/AdobeStock_560688863-1536x864.jpg 1536w, https:\/\/8-rewards.com\/main\/wp-content\/uploads\/2023\/05\/AdobeStock_560688863-600x338.jpg 600w, https:\/\/8-rewards.com\/main\/wp-content\/uploads\/2023\/05\/AdobeStock_560688863.jpg 1920w\" sizes=\"(max-width: 940px) 100vw, 940px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-db0b5ac\" data-id=\"db0b5ac\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0da4a58 elementor-widget elementor-widget-heading\" data-id=\"0da4a58\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><b>INDUSTRY  <\/b>ANALYSIS<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9b848c3 g-text-1 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"9b848c3\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-933c02a elementor-widget elementor-widget-text-editor\" data-id=\"933c02a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Almost all companies worldwide are now engaged into loyalty programs. They are now starting to experience the positive results of customer retention and realize its importance. In fact, great efforts are now directed to specifically develop initiatives for customer loyalty.<\/p><p>But what exactly is a loyalty program? While the specifics of each program may differ, the premise remains the same: a loyalty program is a marketing system instituted by a business that rewards purchasing behavior, thus increasing the customer\u2019s urge to stay loyal to the company. A loyalty program may offer convenience, store credit, prizes, or any other benefit that would entice the loyalty of a customer. These are also called as direct or active rewards.<\/p><p>Of course, like all other marketing efforts, a well-crafted loyalty program maybe costly for an individual business to engage in, and eventually not be able to sustain it.<\/p><p>Understanding the fundamental value of a loyalty program; the essence of a marketing strategy; and with a careful study on its feasibility and efficacy, the CONSUMER REWARDS SYSTEM (8-Rewards)\u00a0was\u00a0developed.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-top-section elementor-element elementor-element-7b45f7ea elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7b45f7ea\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-15f262a0\" data-id=\"15f262a0\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>MARKET ANALYSIS SUMMARY Consumer Rewards System (CRS) will be targeting personal contacts as the prospective customers. This is an ideal market segment because a positive relationship already exists with the personal contacts, making extra job of selling the products significantly &hellip; <a href=\"https:\/\/8-rewards.com\/main\/industry-analysis\/\">Readmore<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_eb_attr":""},"_links":{"self":[{"href":"https:\/\/8-rewards.com\/main\/wp-json\/wp\/v2\/pages\/5856"}],"collection":[{"href":"https:\/\/8-rewards.com\/main\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/8-rewards.com\/main\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/8-rewards.com\/main\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/8-rewards.com\/main\/wp-json\/wp\/v2\/comments?post=5856"}],"version-history":[{"count":10,"href":"https:\/\/8-rewards.com\/main\/wp-json\/wp\/v2\/pages\/5856\/revisions"}],"predecessor-version":[{"id":6428,"href":"https:\/\/8-rewards.com\/main\/wp-json\/wp\/v2\/pages\/5856\/revisions\/6428"}],"wp:attachment":[{"href":"https:\/\/8-rewards.com\/main\/wp-json\/wp\/v2\/media?parent=5856"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}