Loopsive

Welcome to The New Social Shopping Experience.

Loopsive helps social shoppers share and discover information from their trusted networks, enabling businesses to sponsor Word-of-Mouth referrals from their customers.

Small businesses’ number one need is attracting new customers. According to research¹, 84% of small businesses in the U.S. claim that the most effective drivers of new customers are “Word-of-Mouth” and customer referrals. However, small businesses do not have a tool to proactively drive and measure “Word-of-Mouth” marketing.

On the consumer side, with the dramatic increase in consumer connectivity, online sharing and social networking, the ways people share, consume and discover products and services have significantly changed. Now, consumers have the means to follow the trusted advice from friends and peers anywhere, anytime, so they are less engaged by traditional advertising.

Loopsive provides an online platform whereby businesses can incentivize, measure and reward “Word-of-Mouth” referrals from happy customers. Loopsive makes it easy for its users to share their knowledge about products and businesses they love throughout their social networks, and earn rewards in the process! Participating businesses (sponsors) can boost referrals with no up-front costs or fixed fees, offering an incentive that is paid only when a referral ends up in a real purchase.

How does it work? Loopsive’s WIN+WIN is a viral, powerful and sustainable system to drive sales by sponsoring advocates’ referrals:

Loopsive tracks each direct referral – and the referrals of the referrals - enabling businesses to reward their advocates according to their influence. Sponsors are able to offer a Referral Reward as a percentage of the amount spent by the referred customer. Loopsive splits the Referral Reward up 50-50% into (WIN1) a Discount for the new customers + (WIN2) Referral Cash Back for the referring network. Loopsive charges a 25% of the Referral Reward defined by the sponsor.

Example: a business offers a 20% (10+10) Referral Reward. Loopsive charges a 5% transaction fee adding to a total cost of 25% per referred purchase.

Customer C spends $100 and gets a $10 discount. Loopsive distributes the $10 in cash back among the referring network so that each one of the previous customers shares half of the cash back he/she earns with the customer that referred him/her before. Therefore, Customer B gets $5 in cash back and Customer A gets $5. Finally, Loopsive charges $5 to the sponsor. 

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For more information please visit www.loopsive.com

¹ Bank of America. Small business owner report, page 9. Spring 2013. http://about.bankofamerica.com/assets/pdf/small-business-infographics/Spring_2013_Small_Business_Owner_Report.pdf