Today's most E-commerce sites routinely experience transaction closure rates in the range of 3 to 5 percent of the total visitors - the primary reason for the failure is most of the sites are too generic - no personalization whatsoever.
Most shoppers spend a significant amount of time by going through multiple websites and related comparison websites and still they cannot make a quick decision - average time to make a decision to buy any product online is between 2 hours to a week - also, they confine to a couple of choices.
Internet users want some of these aspects today: personalized dashboards based on their current needs (what they want, when they want, where they want) pretty much real-time. MyDeals247.com offers revolution technology in the e-commerce industry which identifies individual's preferences, interests, then delivers on-the-fly adjustments that make each customer feel the site was built just for him or her. It's pretty much like having your own e-commerce or online store to fulfill your own needs on daily basis. MyDeals247 brings the lowest offers from the sellers based on buyer’s request in the local markets - all the bids from sellers happen real time and very much live. Also, MyDeals247.com provides the current need analytics (on daily basis) to the sellers in the local markets.
Founder Talks about MyDeals247...
Research says that, the current online Ads are not effective for the merchants - Return-On-Investment (ROI) is too low. Most times, the consumers are getting annoyed with the random Ads these days. The famous “Pay Per Click” model is not very effective as the websites charge the merchants whenever there is any random click. At the same time, merchants do not have any idea on how to connect back with the consumers (whoever clicked on their Ad). Apart from this, consumers are NOT paying any attention on the random Ads. The very reason being, they are NOT in a mood to purchase anything at that time.
MyDeals247 introduces a revolutionary technology to improve ROI for the merchants while displaying the relevant Ads to the consumers based on their interest at any given point in time. Also, the consumers get paid for every click. Here is how?
Scenario: Whenever the consumer clicks on the Ad, there will be a video (1-2 minutes length) and simple product description (500 characters maximum) and asks the consumer to answer a simple questionnaire about the uniqueness of their product or service (i.e. 2-3 questions). Consumers can answer these questions very easily based on the information provided.
If the merchant pays $1 per Ad click(i.e lead), MyDeals247 pays 60% of $1 (i.e. $0.60) to the consumer whoever clicks on the Ad and answer all the questions (as part of the questionnaire) right the first time. If the consumer does not answer all the questions correctly for the first time, there will not any pay to the consumer. Its a great advantage for the merchants to create a real awareness about their products or services using this questionnaire model - eventually, it will lead to word-of-mouth marketing.
There is no pressure for the consumers to click on any Ad with this new approach. In other words, when the consumer clicks and answers the basic questions, consumer gets paid a good chunk of what merchant offers. Consumer is allowed to click on the same Ad for more than once - just once chance whether to make it or break it.
Venu G. Somineni
Founder & CEO
As MyDeals247’s chief executive officer, Venu is responsible for MyDeals247’s day-to-day-operations, global sales & marketing, as well as leading the company’s technology development and innovative strategies.
Venu holds a bachelor’s degree in Computer Science and Engineering and a master’s degree in Computer Science & Engineering from PSG Tech, Coimbatore, India. He attended advanced management courses in the USA. Also, Venu is an international best-selling author of self-help, 'One Book for Life Success.' Venu is a USA citizen and lives in San Francisco Bay Area, California.