New Money Machines [4 of 5]

Published on: December 13 2022 by Anton Kraly - Drop Ship Lifestyle

Welcome back to our series on New Money Machines! In this article, we'll be discussing the fourth of five innovative technologies that are changing the way we handle money.

Sub-Heading: The Rise of Mobile Payments

With the increasing popularity of smartphones and the ease of online transactions, mobile payments are quickly becoming a preferred method of payment. Let's take a closer look at why.

• Convenience: With mobile payments, you no longer have to carry around cash or cards. Your phone becomes your wallet, and you can make payments with just a tap or scan.

• Security: Mobile payments are often more secure than traditional methods, as they use encryption and other measures to protect your information.

• Rewards: Many mobile payment apps offer rewards or cashback for using their services, making it a win-win for both the customer and the company.

Sub-Heading: The Future of Cryptocurrency

While cryptocurrency has been around for a while, it's still a relatively new concept for many people. However, with the rise of blockchain technology and the potential for decentralized systems, it's quickly gaining traction.

• Decentralization: Unlike traditional currency, cryptocurrency operates without a central authority, making it more resistant to government manipulation or interference.

• Efficiency: Cryptocurrency transactions can be completed quickly and with low fees, making it an attractive option for businesses and consumers alike.

• Potential for growth: As more businesses and individuals begin to accept cryptocurrency, its value and adoption will likely continue to grow.

As we've seen, mobile payments and cryptocurrency are two innovative technologies that are changing the way we think about money. Whether it's the convenience and security of mobile payments or the potential for decentralized systems with cryptocurrency, these new money machines are here to stay. So, what do you think the future of money will look like?

Table of Contents About New Money Machines [4 of 5]

In this episode of the E-commerce Lifestyle podcast, Anton talks about post-purchase machines and how they can help increase sales and build customer relationships. He shares examples of how offline businesses use post-purchase strategies and how they can be applied to online businesses.

Post-Purchase Machines:

- Post-purchase machines are put in place after a sale is made to decrease buyer's remorse and build a relationship with the customer.

- They help increase sales, testimonials, and referrals by making the customer experience better before, during, and after the sale.

- Examples of post-purchase machines include lead generation machines, cross-sell machines, upsell machines, and post-purchase machines.

- After a sale is made, businesses can offer related products, coupon codes, and links to other niche-related stores to encourage repeat purchases.

- Building customer relationships through post-purchase strategies is important to increase reviews and referrals, which ultimately leads to more sales.

Offline Examples:

- Anton gives an example of how his real estate broker used post-purchase strategies to build a relationship with him and his wife after purchasing a home.

- The broker sent a handwritten thank you note, recommended local restaurants, and even gave a $100 gift card to a favorite restaurant.

- By over-delivering and showing appreciation, the broker built a relationship with Anton and his wife, which could lead to future referrals and repeat business.

Applying Offline Strategies to E-commerce:

- Online businesses can use post-purchase strategies such as sending handwritten thank you notes, offering coupons

New Money Machines [4 of 5]

Start your free trial today!