What are we aiming for from partnerships?
We are trying to expand the market from our side and looking for partners who can reach the audience in their platform which we can’t reach from our end.
How does partnering with backpack work?
Our partnership initial model is based on a cashback system, the user will buy X amount and we will give them x% as cashback amount in backpack cash credit, which they can use for the future purchases.
How can we start a partnership with Backpack?
For starting up, if you are regular shopper from Backpack, you can write us an email, and then we can offer you a deal. For new shoppers, we are offering min 5% if they shop items are greater than a $1000 and that is the minimum amount.
How will Backpack fix cashback incentive for partnerships?
In fact, we are giving the cashback from our profits, for this reason, the amount will differ according to the products the shopper purchase from us. The cashback value will be offered on the amount they buy after $1000. For example, if you buy $500 dollars over $1000, you will get $25 dollar cashback on Backpack cash credit. If we realize that the revenue we are getting from the products is more, then we can calibrate the offer.
Will the cashback percentage remain fixed?
We also have a tier system, where if you buy more, you will get more percentage from our side. For example, if the shopper spends 1000-1500$ we will offer minimum 5% cash back, for 1500-2000$ we will offer minimum 6%, and for greater than 2000$ it might reach up to minimum 7%. The amount of the percentage differs from person to person.