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With Upstreet, individuals can earn fractional share rewards by shopping with over 200 eligible brands. Currently, Upstreet offers a range of different solutions:
1. Share rewards
- Customers earn shares from the companies where they make purchases, either online or in-store.
- Upstreet is available as a mobile application for iOS, Android and Google chrome extension
- Company’s sales increase, as customer loyalty increases.
2. On-Product rewards
- Allows customers to scan a product using their cell phone, e.g., scanning a bottle of wine. Customers then earn shares with every scan.
- Company now “knows” who is their end consumer, as they can see who scanned their product.
3. Employee share rewards
- Upstreet facilitates rewarding employees with share rewards from the companies where they work.
- Shares are purchased by Upstreet from the open market.
- Rewards can be given for many events, e.g., work anniversaries, employee referrals.
- Employee share rewards lead to improved employee performance and retention.
Independent research shows that customer share rewards can increase sales. Customer stockholders:
- Purchase 34% more products from that company
- Purchase 30% more frequently from that company
- Are 33% less likely to buy from competitors
- Have a better sentiment towards the company (e.g., higher NPS)