Its popularity is triggered by its encryption and security features. The adoption of crypto telegram groups has increased multifold in recent times.

Utilization of the crypto telegram community must be planned along with the rest of your crypto marketing strategy and roadmap from day zero. Here are some growth hacks to boost your presence on crypto telegram groups.

Have community guidelines in place

First things first, you need to clearly define concise guidelines for your crypto telegram channels, and strictly implement them in your community. Having clear guidelines is critical for you since it promotes a healthy climate in your community.

If you notice a user not following the framed guidelines, send them a private message and alert them of the problem. Consider banning them from your crypto telegram community for repeated offences.

Share quality content

Make a content calendar and publish good content in your crypto telegram channel regularly. Organize weekly AMA meetings with thought leaders and influencers, and listen to your telegram users’ feedback, doubts, and questions. Create an interactive atmosphere for the members of your crypto telegram channels instead of viewing your crypto telegram community as a one-sided information dump.

Maintain active engagement

By actively communicating with your crypto telegram group members, you can foster a sense of belonging. Few strategies to maintain active engagement in your crypto telegram channels:

• Encourage your audience to share their thoughts and feedback about the community.
• Create polls for taking feedback from your members.
• Listen to their suggestion and thank them for their feedback
• Ask them to share their stories and achievements involving your project.
• Post a welcome message for every new joinee in the community.
• Organize creative activities regularly to engage your community amongst themselves as well.

Host regular events

It’s important to have some fun activities within your crypto telegram community. Some event ideas for your channel are:

• Create a token or NFT giveaway and reward your members
• Create a quiz competition
• Host hackathons
• Organize meetings to discuss topics unrelated to your project
• Organize community referral programs

Make good use of Telegram stickers

Stickers are a widely popular feature of Telegram. You can create personalized sticker packs for free on Telegram and use them as an engagement tool for your crypto telegram community. You can create stickers including your logos, your project’s mascot, your project-related visuals, specific terminology etc.

Your audience can download and use these stickers in conversation inside and outside your crypto telegram groups, ultimately becoming brand ambassadors of your project.

Analyze your community data periodically

It’s critical to assess the effectiveness of your community. You should evaluate your KPIs to determine which activities are fruitfully and which are not, and to understand what your audience is most interested in. Some questions to ask while analyzing your community data are:

• How many members are participating in a discussion?
• Which type of content is getting the most engagement?
• What is the average engagement of your community?
• Post links are getting how many clicks?
• How many referrals are you getting?

Cross-promote your Telegram channel on other platforms

Include a Telegram invite link on your website, press releases, blogs, and your other social media profiles. You can also join related crypto groups and discussion forums and share links to your groups without appearing as spam.

Add new moderators for community management

When your crypto telegram community starts growing, it can become hard for you to manage so many users all alone. You can work with a crypto marketing agency to monitor your group chats. They can help you safeguard your community from scams as well. You should hire new admins and moderators to assist you in managing crypto telegram groups as your community grows.

Provide value at-a-glance

The crux of values is that it has to be inherently useful to your audience. Despite their sizeable online reach, the best crypto telegram channels often fail to take off because such channels often provide nothing more than updates of the published articles on their websites.

Unless you are creating Telegram groups that are perceived to be of value, it’s not going to work. Providing value must come together with speed. The purpose of your crypto Telegram groups should be to streamline information to be delivered to your audience in the most concise & efficient manner.

Differentiate your channel

If you intend to create the best crypto Telegram channels for your community, ensure that it will be the fastest platform to deliver crypto-related content to your audience.

If an alternative Telegram group already exists that gets the job done more quickly that you, you might want to reconsider your value proposition. Working with a digital marketing agency in Mumbai can help you to create the best crypto Telegram groups that not just keep your community engaged but also make them want their friends and community to join your Telegram groups.

Frequently Asked Questions (FAQs)

Here are some commonly asked questions about the crypto telegram community:

How do you create a crypto community on telegram?

Creating a crypto telegram channel is easy. From the Telegram app, click the icon in the upper right-hand corner and click on a new channel. Give your channel a name, set a group photo and add a description. Create a share link as well so you can share it on social media and other platforms.

Why is telegram popular in crypto?

Some advantages of using Telegram for your crypto community are:

• Joining a group on Telegram is very easy
• You can add bots in your telegram channel that can ease moderate the group
• Telegram community management is easy
• Telegram users can swiftly reply to feedback and inquiries from your community members.

What is the best crypto Telegram group?

Here are the top 10 popular telegram channels related to crypto that you should join:

1. ICO Speaks

2. Minter Network

3. BTC Champ

4. DeFi Million

5. Wall Street Gems

6. Altchica

7. ICO Listing

8. DeCenter

9. Bitcoin Bullets

10. Margin Whales

What are Telegram crypto groups?

Crypto signal groups provide accurate trading ideas from expert traders to users to buy or sell a particular digital asset at a specific price or time. Such crypto trading signals can be based on several factors, such as news, technical analysis, or the existing market condition.

The post Growth Hacks To Manage Crypto Telegram Community In 2022 And Beyond appeared first on Tech Web Space.

That’s because SIP lends you an additional source of income. In this way, it relieves your excessive dependence on your job for your income. In fact, once you understand what is SIP in mutual fund, you have options at your disposal. Using all these options, you can create a secure and stable future for yourself.

That’s power in its purest form. Now if you are ready to take on this power, then read on to know what is SIP in mutual fund and how you can start investing.

What Is SIP In Mutual Fund?

Market fluctuations are a common occurrence. So, you are dealing with slight unpredictability if you decide to invest your money in a mutual fund scheme. However, you can protect yourself against such uncertainties. This is where knowing what is SIP in mutual fund can help.

If you have decided to build a second income stream, you might be tempted to invest in funds. However, before you make the impulsive decision to invest in your chosen fund in one go, do listen to what we have to say.

The market is unpredictable. So, if you feel that your chosen fund has been performing well for the past few months, there is still a high risk that it might underperform in the coming future. This might make things bad for you if you are riddled with loans and debts.

However, once you understand what is SIP in mutual fund, you can avoid this kind of loss.

SIP is the abbreviation of Strategic Investment Plan. It provides an investor with a disciplined way of investing in their chosen mutual fund scheme. They ensure this organised and systematic procedure is followed by allowing the investor to invest at regular intervals. Now, this regular interval could be weeks or months. It could even be years.

The biggest advantage of investing in this manner is that you get to keep a close eye on the performance of your funds. You can see if it is rising or dipping. Accordingly, you can change your strategy at the next interval.

On top of this, you also get to enjoy the benefits of compounding. SIP offers compound interest on the investments. That yields big results after it reaches its maturity period.

How to Invest in SIP in Mutual Fund

So, you are aware of what is SIP in mutual fund. Now the next step is to understand how you can invest in SIP to reap its benefits.

1. How Much is Your Risk Tolerance & What Are Your Goals?

Markets are subjected to unpredictable fluctuations. So, if you are going to deal with it, you need to be aware of how much risk you are ready to accept. Not only this, but you also need to be aware of your financial goals. You should be clear on what is your purpose behind investing in SIP in mutual funds.

2. Be Extremely Selective About Your Mutual Fund Scheme

Educate yourself about the different types of mutual funds in India. Look up their past performance and then make an informed decision. Here, it also helps that you are clear with your goals. All these things will help you in choosing the right mutual fund schemes for yourself.

3. Select a Date & Duration for Your SIP

In a SIP, you don’t need to manually move the funds from your account to your other. In fact, it happens on its own, every month, throughout its duration. However, you do need to set the date as well as the duration of the SIP.

4. Invest till the End of the Maturity Period

For the best results, it is crucial that you complete your maturity period. That’s because, by the end of that period, you would have collected a bigger return, owing to the compounding power of SIP.

Conclusion

Educate yourself about what is SIP in mutual funds. That’s because a SIP can provide amazing benefits for your life. You will have an assured additional source of income. On top of that, you are also protected against market fluctuations. So, look up different types of mutual funds in India, make an informed decision and select the right scheme to invest in.

The post SIPs: The Smart Way To Invest in Mutual Funds appeared first on Tech Web Space.

Big Data and Augmented Analytics

Big Data refers to extraordinarily massive and sophisticated data sets that are so large and complex that traditional data-processing methods are incapable of handling them. However, these massive volumes of data are really useful since they can be used to answer business difficulties that we would not have been able to handle earlier. To access this abundance of data, we use Augmented Analytics. NLP (Natural Language Processing) and machine learning (ML) are used in Augmented Analytics to automate and optimize analytic operations across the data lifecycle, from data collection, filtering, and sorting through analysis and interpretation.

Crypto and Making Money with Crypto

After all the hype and success stories that you have heard of, you have finally decided to try investing in crypto so that you can finally live the dream of having a story of your own to tell. A story of success and wealth that may one day allow you to expand into bigger and more successful business ideas to carry you forward. Everyone tries investing in crypto to have profit, some more stable like mining and some more dramatic and dynamic with the rising and falling of crypto values.

Not everyone has a success story to tell though, some of them give up before they even try due to lack of information, some of them give up after already investing and failing, and some of them lose money because they do not understand the way it works and which are the best ways to make money with crypto after they have already made a profit in their Bitcoin Wallet. If not understood correctly, the value of this Bitcoin Wallet may simply fade away and take the downhill path of loss instead of earning actual cash from crypto. That is why you need to follow one if not some of the best ways to make money with crypto in 2022.

There are many ways of making money with cryptocurrencies and they include a lot of attention and determination. You can make money by only having luck a couple of times or making informed decisions that affect you both in the short and long term of business. The crypto market at this time is growing and it is offering a lot of opportunities with many new coins, and a trading host of crypto buying platforms and apps. Some of these coins include Bitcoin, Ethereum, Dogecoin, ElonGate, Stellar, Tether, Shiba, etc. Some crypto buying platforms include Binance, Coinbase, and Robinhood and they are very easy to use so gaining access to these markets is already easy to start with.

You have to follow certain strategies when it comes to trying to earn money from cryptocurrencies and they are not as simple as you may think. They are not limited to trade only terms. These strategies may include investing or trading in the crypto exchange market, you can use your coin that you already own to lend coins to the system or other users or you can even mine and participate in the blockchain system to have rewards for each work inside the system.

Some strategies may include: investing yourself in a coin while analyzing the market and what may vary from profit to loss, trading with other coins that have higher values and can make you small but stable profit, staking, and lending which may include more knowledge and patience, mining and even airdrops and forks which may be distributed to raise awareness or to create a larger user base for a project.

All these opportunities need to have a plan and careful approach to have your own story of success. Your bitcoin wallet might need extra attention from the moment you wake up to the moment you go to sleep so that you can monitor every up and downfall of everything going on around you. Besides, the value of cryptocurrencies may vary from a word in an interview or even a tweet from a popular person so you never know when you had to be monitoring your wallet to avoid loss and maximize earnings.

It’s worth mentioning, that you should be very careful on trading cryptocurrencies because there are a lot of scammers and bots right now stealing data. Anti-scam and bot protection technologies are being developed to fix this issue.

A bonus tip:

Another way to start winning money from crypto is mining. There are lots of mining options out there, helium mining being one of them (check this out for more).

Cloud Computing and Edge Computing

Cloud computing refers to the delivery of computing services via the internet on a public cloud, whereas Edge Computing refers to the processing of real-time data at remote locations. People can access data stored on other computers that are linked to the central cloud server through the cloud, whereas edge computing processes time-sensitive data on phones and other smart devices.

These technical advances may be found in self-driving cars, smart grids, traffic management, cloud gaming, and several other applications. Businesses, in particular, may employ a combination of these technologies to change and increase the efficiency of their operations.

Robotic Process Automation (RPA)

RPA uses software to automate repetitive processes that would otherwise be done by a human operator, freeing them up to focus on more complex, value-added duties. This technology is part of a bigger automation revolution that will influence every firm, and it is effectively taking over more error-prone tasks such as client onboarding, reporting, and transaction reconciliation across a variety of sectors.

To begin, numerous companies, like Coca-Cola and Walgreens, have begun to employ RPA to streamline their public relations and finance departments. This is how the future of work will appear.

Conclusion

As the world returns to the workplace, focusing on business architecture will be more vital than ever. The genius of their technological judgments, rather than the success of their commercial objectives, will distinguish leaders.

The post Trends in Technology That Will Shape the Next Decade appeared first on Tech Web Space.

Features & Benefits of SBI Elite Credit Card

The SBI Elite Credit Card is a premium credit card that offers perks in a variety of areas, including travel, shopping, movies, and more. This credit card, which has a rather high annual charge of Rs. 4,999 lavishly rewards its members. The card also comes with a free membership to Club Vistara and access to the Priority Pass Program. SBI Elite Card is a very rewarding card, especially if you are a large spender, with a reward rate of 2.5 per cent.

#1 e-gift ticket worth Rs. 5,000 as a welcome present

The SBI Elite Credit Card has a Rs. 4,999 membership fee, but the entire sum is returned in the form of an Rs. 5,000 welcome gift certificate. Within 15 days of paying your annual fee, you will receive an SMS containing e-voucher alternatives to pick from. Within five days of receiving your request, an e-voucher will be given to your registered mobile number/email ID.

#2 Every year, free cinema tickets worth Rs. 6,000 are given away

Every year, SBI Elite Card members receive cinema vouchers worth rupees six thousand. Every year, the transaction will be valid on at least two tickets per booking, with a maximum benefit of Rs. 250 per ticket. In addition, all transactions will be subject to a convenience fee.

#3 All of your purchases will earn you ELITE Rewards

SBI Elite Card is a great card to have, especially if you’re a frequent shopper.

#4 Rewarding Milestones

Get up to 50,000 Bonus Reward Points per year, which is worth Rs. 12,500.

Features & Benefits of SBI Prime Credit Card

The SBI PRIME Card is one of the highest-end credit cards available in India. It provides you with a slew of rewards points and discounts, making it true to its name. Exclusive PRIME advantages, milestone benefits, complimentary Club Vistara membership, airport lounge access, premium security, and more are all included with the SBI PRIME Credit Card.

a.) e-Gift Vouchers

Get Rs. 3000 in thrilling welcome e-gift coupons.

b.) PRIME Advantages

You will receive 20 SBI PRIME Credit Card Reward Points for every Rs. 100 spent on standing instructions for utility bill payments. This earning will be capped at 3,000 SBI PRIME Credit Card Reward Points per month.

c.) Benefits of Milestones

If you spend Rs. 50,000 in a calendar quarter, you’ll get an Rs. 1,000 Pizza Hut e-Voucher.

d.) Access to the Airport Lounge

Enjoy four complimentary trips to International Priority Pass Lounges outside of India every calendar year and eight complimentary visits to Domestic VISA/Mastercard Lounges anywhere in India per calendar year.

Wrapping Up

Finserv MARKETS offers some of the best rewards on SBI Credit Cards. Apply for credit cards online at Finserv MARKETS and enjoy rewards and incentives from your favorite companies.

The post Top SBI Credit Cards to apply for in 2022 appeared first on Tech Web Space.

So, in this article, we’ll discuss the five major online trading opportunities which you can choose if you want to join in the online trading world.

Forex

Forex is the biggest trading market where you will get many opportunities to make money. But, you have to grab the opportunity. Sometimes, traders try to grab opportunities altogether. And so, they mess up their trading process. However, experts always prefer Forex trading. Because, they know, it’s a great place for making money. But, in this market, you’ve to take your moves sharply. Or else, you can’t go the long path. As traders need to deal with the currency, they should become aware of the micro-economic factors.

Stock trading

Stock trading is also very popular among traders. If you trade the stocks, you may do well over overtime. However, among online trading, the stock market has captured vast areas. However, it’s not as volatile as Forex. But, if you know what to do, you can earn huge money. However, in this market, you need to become cool. Traders can apply different types of techniques and methods in terms of the stock market. They can follow, day trading, short term, medium-term, and long term. They just need to consider these properly. So, if you think to start your stock trading career, you may get a demo account from Saxo Bank group. Use that practice trading account and develop your skills so that you can trade in the real market.

Options Trading

Options trading is known as futures trading. However, mostly, professionals prefer to do this. And, traders do not recommend this for the fresher. If you do not have the proper knowledge, it might be tough for you to trade smoothly. So, you need to prepare yourself for the battle so that you can compete with the big names. Or else, it would be tough for you to take the decision. However, most of the time, traders can’t understand the situation. And so, they face issues to take the decision. So, it might become tricky for the newbies to make profits.

Cryptocurrency trading

In the cryptocurrency market, cryptocurrencies are traded. Most of the time, in terms of this, traders follow the short-term trading method. However, there are some popular currencies are involved. Such as Ethereum, Litecoin, Dash, Bitcoin, and so on. However, as a newcomer, you might face issues to trade cryptocurrency. However, a savvy cryptocurrency trader can get big rewards within a single day. But, they might also fall into debt because of their greed. Bear in mind, trading is uncertain. So, if you think, it’s easy to make money, you’re dreaming.

CFD trading

CFD trading is different from others options. In this trading, the buyers and brokers do an agreement. You can easily take the entry CFD market. For this, you don’t need to overcome any big barriers. In CFD trading, you can’t own the underlying trades. However, some traders do not prefer to trade the CFDs, because they face complexities to make profits. So, before starting the journey, you need to become conscious of this. Or else, you might face big troubles.

However, bear in mind, if you make any mistakes, you might face problems securing your capital. So, try to become technical and responsible. Because trading is totally unpredictable. So, start with a small investment until you have the proper experience with it.

The post Five Online Trading Opportunities You must Know appeared first on Tech Web Space.

Binance

Binance crypto exchange was launched in July 2017 by programmer Changpeng Zhao. Previously, he has worked on another crypto project — the OKCoin trading platform.

Identity verification is required for full-fledged work on this site. The project also launched a decentralized version — Binance DEX. The platforms differ in their approach to coordinating trades. The decentralized exchange has fewer working instruments and trading pairs along with a higher level of security.

Today, there are 965 trading pairs in the Binance product line, and it is ranked 1st in terms of trading volume by CoinMarketCap. The platform interface has been translated into all the most popular languages of the world. There are various ways for users to buy a cryptocurrency for fiat money.

The project is registered in Malta, the regulator claims Binance does not have a local license. This was the reason for discussing the location of the company’s headquarters.

CoinEx 

CoinEx digital asset exchange was founded in 2017. Here you can buy a cryptocurrency for fiat money maintaining anonymity. The site stands out by a wide range of tools available for work.

You will need to register to work on CoinEx. It is enough to indicate an e-mail address and confirm the creation of an account using a code the system will send to the specified e-mail.

Godex .io

This is a decentralized platform, demanding neither registration nor verification of identity. You don’t have to worry about the safety of your personal data when exchanging digital currencies at Godex.

The platform supports almost all cryptocurrencies. You need to use the BTC to ETH converter located on the main page of Godex.io to exchange assets.

The main feature of this platform is monitoring rates on all popular exchanges and providing the best price. The minimum exchange amount is 0.005 BTC with no maximum limits provided which is why major players choose Godex.

Bitfinex

The exchange was founded in 2012. The project is mainly focused on exchange and margin trading and margin financing.

The platform is registered in the Virgin Islands. Access to all the site’s functionality, including fiat account replenishment, requires user verification. The purchase of assets from bank cards is available.

The company is working on advanced technical solutions. Bitfinex launched a service for the automated detection of suspicious transactions at the end of March 2020. A little later, the platform gained functionality for cryptocurrency staking.

To date, there are 299 trading pairs on Bitfinex, the most popular is BTC/USD. It ranks 71 in terms of trading volume data by CoinMarketCap ranking.

OKEx

The exchange was launched in January 2014. Purchasing cryptocurrency requires identity verification. The project’s token is OKB. The company is also creating its blockchain and developing trading solutions for derivatives.

In March 2020, OK Group, the owner of the OKEx brand, received a license from the Japan Financial Services Agency (FSA).

As of press time, 539 trading pairs are available on OKEx. The most popular is BTC/USDT. The platform is ranked 15th in the CoinMarketCap rating.

On OKEx, users have access to services for buying digital assets for fiat. The project is registered in Belize.

Conclusion

This is only a small part of the cryptocurrency exchanges. The vast majority of sites require identity verification. Thus, if anonymity is prior for you, check out Godex. You can’t avoid the KYC procedure on one of the centralized exchanges if you are aimed to become a professional trader though.

The post Top 5 Platforms For Cryptocurrency Conversion appeared first on Tech Web Space.

Keeping all the factual jokes aside, cryptocurrency has indeed changed the rules of the game. It has become an alternate investment plan for the masses. In fact, many institutional players are taking a splash at Bitcoin to hedge their funds.

As the crypto world is progressing, so is the technology behind it. In this article, we are going to talk about different types of mobile/web-based HD (hierarchical deterministic) wallets. 

But what exactly is an HD Wallet?

To make things simple, it’s a wallet with many wallets inside it. 

Hierarchical Deterministic wallets are a new-age digital wallet that automatically produces a hierarchical-tree like architecture of public and private keys. These public/private keys are derived from a single master seed (a combination of 12/24 random words) which is then followed by a counter value to create a distinct wallet address under its umbrella. This eliminates the need to back up every single public/private key since in HD wallet, all the new public/private keys have been derived out of the master seed.

What’s the purpose of an HD Wallet?

HD wallets feature an array of superior services over conventional cryptocurrencies wallets. They help the users preserve their privacy by executing every transaction on separate addresses. This makes the back-tracking of crypto assets more difficult and thus, prohibits anyone to know your trading data. 

HD Wallets can be accessed via many forms. Let’s have a look at them.

Web-Based HD Wallet – Such a wallet can be accessed online via web browsers like Google Chrome, Opera, Firefox, and Internet Explorer. A general web-based wallet has its private keys stored online in the browser and is prone to DDOS attacks. However, an HD web-based wallet is more secure and requires the master seed to access the private keys, which is only known to you.

Desktop Wallet – Desktop wallets are the ones that can be accessed by installing software applications on operating systems like Windows, Mac, Linux, and Ubuntu. The desktop wallet allows its user to have full control over his/her crypto assets and store private keys. An HD desktop wallet can be accessed by simply entering the 12-word master seed.

Mobile Wallet – Mobile HD wallets are just like the desktop wallets that are installed on mobile operating systems like Android and iOS. In order to access your mobile HD wallet account, a master seed is required. The payment can then be facilitated just like any other mobile payment. It also houses advanced payment techniques like “touch-to-pay” and “NFC”. 

Factors To Consider While Choosing Wallet

In the world of technology, there is nothing like black and white. It’s all grey. And that’s why there are a number of factors that we need to weigh in to choose our crypto wallet. Let’s have a look at the following variables that can help us in this journey.

• What exactly is the technology used to make the wallet secure? Which one is superior?
• How many cryptocurrencies does wallet support?
• What’s the mobility of the wallet? Can you access it remotely? If yes, then what are the basic requirements?
• Does it provide a trading market within the wallet? How much is the liquidity? 
• How is the user interface of the wallet? Is it user friendly?
• What type of trading are you into? Short-term or long-term?

All these points need to be considered while choosing your wallet. Having an HD wallet with all these features built-in is not that easy to find. However, in terms of security, user interface, wallet trading, and mobility, Acquanaut’s HD wallet can solve all these purposes.

Acquanaut HD wallets are built on the Acquanaut blockchain network which is powered by quantum computing, giving its wallet an additional layer of security. Since the wallet will house a decentralized trading market for all the cryptocurrencies, the exchange of coins/tokens will be seamless and no market manipulation can be done.

Are Crypto Wallets Secure?

Well, if it isn’t a crypto wallet, where will you store your cryptocurrency anyway? The more precise answer to this question is in the fact that the security of each wallet is different. Some wallets are backed with the latest encryption technology while some are running on old & rusted versions. 

It is true that software-based wallets are at a greater risk of attacks. However, even the cold wallets are vulnerable if proper precautions are not taken care of. There are very few software-based wallets in the crypto space that offer advanced multiple layers of security. It is important to note that the current wallets should have a hierarchical deterministic structure and be quantum-proof for future threats once quantum computing comes into the mainstream market. A blend of such technologies in a blockchain wallet is the perfect example of advanced multiple layers of security. 

That being said, if you lose your private keys or master seed key and have no backups, then it is impossible to recover your account at any cost. Hence, you must always take precautions. 

Investing your time and money in choosing the right kind of crypto wallet for yourself is very important. Consider it like choosing a bank where you can trust your hard-earned money with. Ultimately, it all boils down at your decision and choosing a wallet which lets you have peace and no stress. 

The post A NO-Confusion Guide To Crypto HD Wallets appeared first on Tech Web Space.

Thousands of online brands are trying to stand out from the crowd and attract customers to be a part of the business. Today, let us tell you the 7 best ways to make customer loyalty come true!

Why do you need to create customer loyalty?

Keep customers interact with the brands regularly

In terms of customers, every store owners put their minds into two steps: Customer acquisition and retention. According to research, 80% of your future revenue comes from 20% of current buyers. So it’s obvious to try your best to keep customers engage with your brand.

And what is a better way than creating customer loyalty?

An effective loyalty program makes customers believe in your business and keep coming back for the next purchase and at the same time, attracting new visitors to know more about your loyalty policies and benefits.

Save a huge amount of resources

It’s estimated that the cost to acquire a newcomer is 5 times higher than retaining an existing customer. So it’s a smart tactic to optimize customer loyalty to save your resources. 

With the help of amazing tools for loyalty programs right now, you can save lots of human resources in bringing the best customer services. Besides, with satisfied customers, they can recommend your business to family and friends. Words of mouth are very powerful and you can reduce the marketing cost.

Analyze customers’ behaviors

Store owners can understand and classify customers and products based on how they use loyalty programs. They can answer decisive questions like how buyers use the rewards, what products are favorite, what style is trending at the moment, etc. This valuable information can help retailers build a suitable strategy for the development of the store.

Loyal customers can also provide honest feedback about the products and services of the business. These comments will point out the flaws in the process of the store so merchants can quickly handle the issues and elevate their qualities.

Improve brand image

Building your own customers will bring your brand image to more and more consumers, especially those looking for your kind of products. People may see your store as a reliable place for shopping since the services have satisfied many consumers. 

With the help of loyalty programs and social media, loyal buyers can promote your reputation easily. Your unique customer loyalty characteristics will differentiate you from hundreds of competitors as well as gain massive trust among shoppers.

Boost sales easily with a higher chance of successful transactions

The ultimate goal of any business is selling products and making profits. However, online stores are facing a huge problem of low conversion rate: People see the item and then exit the page. With loyalty programs, this issue will disappear!

Customers can buy more but pay less when they redeem the rewards or use discount codes for membership. This will definitely encourage people to shop and explore more about your store.

Loyal customers are more likely to buy up-sell and cross-sell items as they have gained trust with your store. Retailers can also make these products a part of discount programs to boost sales.

7 ways to create customer loyalty for online business

1. Use points loyalty program

Loyalty programs are becoming popular among store owners to create customer loyalty since there is a wide range of methods for them to choose from.

However, the points loyalty program is the most famous one. This policy gives points for customers on different occasions such as purchasing particular products, writing reviews, sharing on social networks or referring friends and family. Buyers can redeem these points to other benefits and use them next time.

Giants in different industries are using points loyalty program to support their expansion. Take a look at Starbucks – the most famous coffee chain in the world. Their reward stars are the best example of an efficient loyalty program.

With the success of thousands of businesses, eCommerce stores are following this trend and integrating a points loyalty program into its system. For Magento users, Reward Points Magento 2 is the best choice to help you create a strong bond with buyers. 

2. Build an engaging community

It’s important to create a community of consumers who share the same interest so they can discuss and recommend other members while spreading the influence of your brands to potential buyers. 

Thanks to the booming of social networks and extensions, brands can communicate with customers easier. They can create groups to keep buyers update and find more suitable newcomers. It’s also simpler to follow actual feedback of customers since they have more platforms to contact your store.

3. Create special offers

This is a great way to say ‘Thank you’ to your customers and also encourage them to interact more with the brands. Discount codes, vouchers or coupons can push customers to quickly buy at your store before the offers expire. 

The repeated buying process will create a familiarity for customers so they always choose your store for future shopping. The special offers like free shipping also make shopping easy for buyers, so they will definitely come back for more.  

4. Send customized emails

Customers love a personal journey as it proves that your store cares about their activities. Emails to remind an abandoned cart or a happy birthday card will make customers feel like a part of your business. It also constantly brings your brand images close to the customers, so they remember your name and visit your store. 

Email marketing is also proof of excellent customer services, which increases your position in the eCommerce market.

5. Take advantage of membership/VIP program

Membership creates an exclusive environment for loyal members since a member can have more advantages than normal consumers. To maintain the priority and reach a higher rank, members will continue to interact with your stores and directly contribute to the growth in sales and reputation of the brand.

With attractive terms and conditions, non-members also want to register for the program. With this rapid increase of new members, it’s sooner than you think to create customer loyalty effectively!  

6. Focus on social proofs

As we have mentioned, social media is playing a major role in setting the position of online stores in the consumer mind. It’s important to pay some attention to the customers’ reaction online about store-related issues. Their feedback helps retailers handle existing problems quickly and improve the performance of the whole team. 

Answering customers’ questions and solving the problems quickly proves you are a trust-worthy business and it’s a smart choice for them to be loyal buyers

7. Deliver a satisfying service

Overall, all of the methods lead to satisfying customer service. All of the processes to take care of both future and current buyers will create customer loyalty easily.

Buyers will quickly turn their backs on your brand if they receive a poor performance from your team: 12 positive customer experiences equals just one negative experience while half of the buyers choose a competitor who can deliver a better experience according to their needs.

Therefore, being able to make customers happy will guarantee the success and sustainable development of your online brand within an intense battle of the eCommerce world. 

Make every moment last

It’s not an impossible task to create customer loyalty for the eCommerce business. With some effort, you can have your own customers who trust your brand and willingly to spread good words about your business. The powerful impacts of customer loyalty directly contribute to the long-term development of your store.

So don’t hesitate to apply our tips and create customer loyalty right from today!

The post 7 Ways to Create Customer Loyalty for Online Business appeared first on Tech Web Space.

That said, back in the day, the only way to get a cryptocoin was to either buy it or mine it. Simply put, mining is borrowing hardware to the blockchain ledger so that it can verify and record transactions more effectively. However, that was back in the day, but ten years have passed, and crypto mining is still a thing. 

Nevertheless, people can’t help but wonder what the future holds for this activity. Now that Bitcoin is no longer the only option for miners, will they have to mine other currencies regardless or will the technology evolve to provide a different solution? With that in mind, here are a few things the future has in store for crypto mining.

Turning towards a greener solution

Up until now, mining crypto was mostly based on borrowing hardware. What’s more, the mining process required the “Proof of Work” (PoW) concept so that miners can actually participate in mining cryptocurrencies, as well as get rewarded for their contribution. 

Given that this approach is solely based on extremely high energy consumption and power draw, it’s also considered the very opposite of eco-friendly. That’s why many cryptocurrencies and entire mining processes are shifting towards a greener solution called “Proof of Stake” (PoS). 

Since the old PoW algorithm is being criticized for being energy-costly, many companies are simply ditching it for the PoS algorithm. This eco-friendly approach may revolutionize the mining process as we know it. The way the PoS system works is that it picks miners either randomly or based on a special system. There’s no reward aside from network fees. Ethereum is among the first cryptos to use the PoS system.  

Mining costs skyrocket

Back in the day, mining cryptocurrencies was more or less seamless. While the blockchain ledger does require hardware to execute complex algorithms in order to verify, authorize and record transactions, the hardware didn’t have to be especially powerful, nor did it consume too much power. 

Today, as more people become interested in cryptocurrencies, especially Bitcoin due to its high value, the mining process becomes much more demanding and more difficult. Nowadays, without powerful hardware, one shouldn’t even consider mining in the first place. 

What’s more, the power draw from such hardware may easily outweigh the profits of mining. Fortunately, the only way to make the best out of cryptocurrency mining these days is to invest in a specially-designed mining rig. That way you can reduce the costs and actually enjoy the profits. 

Many governments, such as China, Egypt and India have not only banned ICOs, but they’re also taxing the electricity to force mining activities out of their countries permanently. In other words, crypto mining will have to relocate to regions with cheap and stable electricity, as well as regions with favorable government environment for such activities. 

The end of cloud mining

Since mining hardware is generally very expensive, not to mention the power consumption prices, people often opt for so-called cloud mining. Cloud mining means subscribing for hardware in the cloud where companies can do the mining for you. 

However, this trend is slowly running out of interest. The main reason is that cloud mining is unable to provide investors with proper profits and is thus losing popularity. Poor ratings and services have caused investor outrage. Investors may never break even, and cloud mining companies may never recover from the scrutiny. 

Some cloud mining companies, like  ViaBTC, have already shut down their operations while other companies, such as Genesis Mining and HashFlare are soon to follow due to poor ratings. In a lot of cases, it’s not just the poor ratings that are plaguing the cloud mining companies but also the obsolete hardware that’s no longer capable of mining profitably. 

The rise of pre-mined cryptos

Pre-mined cryptos might as well spell the end of crypto mining as we know it. Although this won’t happen any time soon, the rise or pre-mined cryptos is bound to reduce traditional mining drastically. Pre-mined cryptos are the new approach to coin distribution methodology for cryptocurrency networks. 

Again, Ethereum is pioneering this new trend with 1500 different ICO developed by them that are also pre-mined. The way it works is that ICOs a pre-mined so that enough of them are accumulated for the crowd sales distribution. A lot of other cryptos are starting to follow this trend as well. The more popularity these pre-mined ICOs gain the more traditional mining processes will decrease in the future. 

Mining crypto has become quite unprofitable today, especially for Bitcoin miners. High hardware prices and power consumption oftentimes top the profits. However, other cryptos are turning away from traditional mining processes and are exploring new approaches and methods. What will happen to mining is still unclear. We’ll just have to wait and see how the situation develops further. 

The post Whats the Future of Crypto Mining appeared first on Tech Web Space.

At the time when mobiles and apps were discovered, no one had ever imagined that there will be present an entire team that works to make the same applications and mobile technology more secure. As we have now entered the 21st century, it is almost evident and true that with all the high-tech and advanced technology of AI and digitization, we have unleashed upon yourself an era which deals with insecure and imaginary enemies.

Today, almost all age groups carry the power of the mobile technology, and slowly and gradually everything that needs to get done is today, happening in the online world of what is soon getting called the dark web. With millions of people using the web technology for everything starting from net banking to using mobile wallets which have made cashless transactions, it goes without saying that for the unknown enemies like hackers, there needs to be a presence of White Hat Hackers who can stop the violation of all the data on the online world.

For every new application that is developed for mobile usage, there is a window of opportunity that opens for security violation and scams. It is undoubtedly true that the internet has helped us in so many ways that one, however, it is also true that it has bought upon us a state of unpredictable insecurity which we have no ways of stopping ourselves. This is the precise reason why application developers need to be very careful during the production phase of applications to make sure that all the security is taken into consideration, and also that there are no loop holes through which the app can have a security breach.

Here in this article, we have compiled a list of the top 5 mobile app security malfunctions that cause maximum security breaches and ways in which they can be prevented right at the development stage. It is important to understand that with all the vulnerability present on the dark web, one can never be too cautious, and also that prevention will be better than curing the dangers that linger on us.

ISSUE 1, INSUFFICIENT TRANSFER LAYER PROTECTION:  

When using any application it is necessary to have a strong running internet connection. When going to public places these days the first thing we do is look for a WiFi network. What people don’t realize that when they connect to the WiFi on an unsecured network there is a possibility that sensitive data and information can get leaked. When mobile apps are built in with a secured transfer layer protection, it enables applications to run smoothly without any fear of security failure.

SOLUTION: the only way to deal with this is to ensure that all mobile applications have a security constraint and strict data transfer controls in place. Having this in place will ensure that when any data is transferred there is no way any third party can make any changes or alter it in any way. 

ISSUE 2, LEAKAGE OF SENSITIVE INFORMATION:

The moment you misplace your mobile the biggest worry becomes losing all your passwords and sensitive information that you otherwise already store on your mobile. But, do you also know that even when you have your mobile with you, there is always a possibility that your sensitive information can be stolen or misused? When using various applications, there is always a chance that your confidential data can be assessed by outsiders if the application is not secure, and does not offer a safe and secure payment gateway for you to use it.

SOLUTION: all applications also use servers to host information and run the applications. Most of the times hackers use the same servers to break into an application and then take undue advantage of it as well. To ensure that this does not happen it is better to keep less information stored on the server and keep only that information online that is required to keep the application up and running. The moment you remove the motivating factors to theft, there will be no need to conduct the theft in the first place.

ISSUE 3, LACK OF AUTHORIZATION STEPS:

While using E-shopping and banking applications on the mobile, it often happens that there are so many steps of verification and authentication that one has to go through. And, though many people fond it useless, the lack of these steps will create a havoc. The easier these apps make it for you to access the application, the same ease the hackers will have to access your information as well. 

SOLUTION: the only way to keep this from happening is to ensure that the application has a proved authorization framework which ensures that the subscriber needs to enter their credentials and only then move to the next step. The more secure this is made the closer you are in minimizing the possibilities of data theft and other security-based failures.

ISSUE 4, DECRYPT CRYPTOGRAPHY:

every application in order to run needs to ensure that it runs on SSL and TLS certificates. When you try to access any public domain there are times when there is pop up telling you that it is an insecure line and whether you trust the network and still want to proceed. This is what an SSL/TLS certification means. If the network is not secure, ideally the application should drop the connection request.

SOLUTION: the solution is to ensure that each application has an inbuilt certification prompt that asks for permission and only connects to a secure and trusted network source.

ISSUE 5, AUTO LOG OUT OR SIGN OUT:

When you use an application and sign in with a user name and password, technically when you stop using it, it should automatically log out. In the case when applications still run in the background and don’t auto-logout, it can cause a serious breach of data and privacy as well.

SOLUTION: whatever application you design make sure that you design and put in a sign out button on the page. This will ensure that the users log off the moment their job is done there, and this will also ensure that no third party can use your credentials and cause any harm.

As per the technology experts and assignment advisors at GoAssignmentHelp, it has become very critical to ensure that with the power of the applications and internet, the application developers ensure that they make it secure and foolproof so that there is no scope for any security violation and failures. 

The post Top 5 Mobile App Security Failures and How To Prevent Them appeared first on Tech Web Space.