Currently, merchants are also going through a hard time trying to cope with making their businesses as successful as possible. Looking at this from a merchant’s perspective, I am going to walk you through the challenges that they go through.
Challenges faced by merchants.
Acquiring new customers.
Any merchant out there that are still operating offline finds it hard to find new customers. With the numerous technological advancements, it is often rare to find myself doing anything offline. That includes finding a good coffee spot, a good shopping mall, an ideal restaurant etc. The diversification of information and e-commerce channels has greatly influenced and changed my user behaviour.
Convenience stores and online stores are taking over this space and steering customers away from numerous merchants.
Establishing repeat customers.
Merchants often have a hard time getting customers to come again. Acquiring a new customer is not nearly as hard as retaining one. The way out is for merchants to establish a trigger for repeated visits which they can fully control.
Going to shop or have dinner on a certain spot, again and again, depends on some of the small details that will entice me about the place. Services that work in my favour will have me going to the same place for a long time. This is usually a challenge currently.
Brand building.
Running any business requires many brand awareness campaigns. These need to be often and long term as well and involve collecting reviews from a large number of people. The main objective of any business owner out there should be trying to get their business recognised on a global scale, at most. As a consumer, I will only be interested in a business that is highly reviewed be it on an online platform or otherwise.
Hearing or reading about other people’s positive opinions on a coffee shop or restaurant will make me eager to try out the place as well. The biggest challenge that merchants face is competently collecting reviews from a large number of customers.
Material waste.
The lack of constant engagement and real-time communication with customers often leads to material loss which often causes numerous problems such as disposal costs as well as environmental issues. Even worse, material loss usually has a direct impact on profit.
TEE-COIN SOLUTION.
Chat Tee, a communication platform on this project offers a solution to all of these issues faced by merchants through optimising their marketing results. This Is achieved through sending e-coupons to the selected users who are known to have interest, therefore, maximising the conversion rate and improving Chat Tee’s Online to Online token economy. Chat Tee is a platform where advertisements can be sent to specifically selected users depending on their preference data and location information.
CONCLUSION.
TEE-coin is going to be a project that is designed specifically for fitting into every person’s daily activities. It will solve challenges that we all experience either, as customers or merchants, and make our lives more fun and simpler. The cryptocurrency is outdoing other cryptocurrencies through its ability to be exchangeable with other cryptocurrencies and fiat. It’s about time the world enjoyed the full potential of blockchain technology with TEE-coin. I cannot wait for the implementation of this project. You should check out more on this project from their website.
The official resources TEE-coin:
🔗 WEBSITE: https://tee-coin.com
🔗 TELEGRAM: https://t.me/tecoin
🔗 WHITEPAPER: https://teecoin-public.s3-ap-southeast-1.amazonaws.com/white-paper/tee-coin-whitepaper-3.9.pdf
🔗 BITCOINTALK: https://bitcointalk.org/index.php?topic=5180905.0
🔗 ANN THREAD: https://bitcointalk.org/index.php?topic=5175449.0
🔗 FACEBOOK: https://www.facebook.com/teecoinofficial
🔗 TWITTER: http://www.twitter.com/teecoin_eng
🔗 YOUTUBE: https://www.youtube.com/channel/UCVwzgK9dd3ZyqaPJtWdSloA
★ Author: jamesndungu1
★ BitcoinTalk Profile: https://bitcointalk.org/index.php?action=profile;u=1856049
★ All Images credited to TEE COIN WEBSITE
