Earn Cash Rewards for Being a Loyal Customer with Korea-based Spoqa
WHAT: A digital social loyalty card that consumers can use to earn cash-like points for their purchases. Facebook and Twitter integration lets users recommend friends to stores. Whenever friends buy at the store you recommended, Spoqa sends a mobile push notification informing you that your friend saved you X number of points at the store.
Receive 100 points for downloading the app. Currently only available in South Korea but will eventually launch in the U.S.
LAUNCHERS: Richard Choi, CEO, Jaeseok Kim and Victor Ching.
WHY: Most customer loyalty programs are anti-social. Groupon-style offers do not guarantee repeat business. Friend suggestions and recommendations are more effective for small businesses than ads or coupons.
WHEN/WHERE: Sept. 8, 2011 / South Korea.
BACKSTORY: Richard was part of Korea's first Groupon clone, Wipon, in August 2010. As he watched the industry explode, he questioned...