Thanks for the wonderful invitation, I recently attended Monzter’s website launching event at Berjaya Times Square, as well as to officiate Monzter’s collaboration with BCARD as its loyalty partner.
Discount website enthusiasts in Malaysia can expect a vast revolutionary change in the discount industry as Monzter Sdn Bhd is taking bargain-hunting to the next level with their website www.monzter2u.com.
Monzter is an online discount and point redemption programme specially designed to capture the attention of young generation discount seekers comprising of affluent young adults, regular shoppers, teenagers, college students and tech-savvy adults with core target aged between 15 to 45 years old.
Monzter will be the only online discount and promotion website that doesn’t practice profit sharing and we’re offering free services to participating merchants.
Local celebrity cum radio deejay, Wong Chui Ling was the host of the day to grace this memorable event and joining in together with guest of honour Dato’ Sri Azlan Meah, which is the executive director of Berjaya Corporation Berhad. International Model, Amber Chia was also invited to the event as the VVIP guest of the day.
“Although there are other deal sites available, but Monzter offers a number of advantages to consumers. For instance there are no minimum numbers of purchases for the deal to be valid. The deal can be activated even without reaching a certain quota. By doing this, our users can be assured that they’re certainly able to redeem the deal or discount. She also thank the management for inviting her to be there as the special guest of the day”, Amber Chia shared her thought and view about Monzter.
“Monzter is the perfect solution for businesses seeking the best opportunity to gain new customers and grow their business in a healthy and sustainable way”, said Daniel Phan, CEO of Monzter.
He explained that, unlike many of its competitors, Monzter’s deals are not oversold, meaning purchasers do not have to wait months before they can redeem their coupons. Additionally, Monzter prides itself on its extremely user-friendly website and its exceptional customer service.
In addition, the members are entitled to reward points upon payment to the participating merchants, which can be used for product redemption on the website. Their reward points can also be converted into cash point for instant redemption at the merchant’s outlets.
Offering discounts of between 20% to a whopping 90% off retail prices, Monzter features deals for hotels, resorts, theme parks, restaurants, clubs, spas, salons, gadget stores, fashion boutiques, local events, concerts and festivals, home and automotive services to children and recreational activities.
Berjaya Corporation Berhad’s executive director Datuk Azlan Meah said that he strongly believe that the collaboration will be able to broaden the business horizon of both Monzter and BCARD. He also mentioned that BCARD merchants will be invited to participate in Monzter if the business is relevant to Monzter’s business logics.
“I am happy to see this collaboration took place and I am confident that this collaboration will be a successful venture. All BCARD members will be rewarded with more points and discounts via Monzter platform,” he added.
The collaboration was signed by BLoyalty general manager Ooi Hooi Cheng and Monzter CEO Daniel Phan, and was witnessed by Dato’ Sri Azlan Meah and Monzter’s co-founder Dato Selina Eu.
How does Monzter Work?
In order to get your hands on the Monzter’s deals, you are required to purchase a minimum of RM20 worth of coupon credits (which will not expire). You will then be able to choose the desired deal from the homepage by clicking on the picture. While you’re inside the deal page, click on the “Redeem Now” button to proceed with the redemption. You will then be diverted to the confirmation page and details will be shown before you click on the “Print” button to proceed with the redemption.
Once the “Print” button is clicked, certain amount of credits will be deducted from your account. Print out the hardcopy coupon and redeem directly at the participating merchants outlets by making payment directly to that merchant. If you choose not to print out the hardcopy coupon, then download the Monzter Apps from App Store or Google Play and redeem your desired deals with your smartphone directly at the participating merchant outlets. Once payment has been made, you will be entitled for reward points for the money that you have spent.
Because placing deals in Monzter are free, so our participating merchants can publish real-time deals and avoid revenue shares, sign-up fees, posting fees and annual fees so that they can pass these savings on to Monzter’s daily patrons by offering even more appealing bargains.
“For the merchants, Monzter offers the opportunity to tap into hundreds of thousands of targeted potential customers for a 24-hour period with no upfront cost or risk involved; a highly efficient and cost effective form of advertising,” Phan explained.
He said this pay-for-performance model works well for small businesses that wanted value-for-money marketing assistance. Complete with an easily accessible merchant dashboard offering exceptional client analytics and a local sales contact, Monzter allows merchants to calculate traffic and profitability on a real-time basis, taking the guesswork out of their marketing investments.
A Big Win for Merchants
Now merchants can avoid the profit-slicing middleman! With Monzter, the merchant transacts directly with the customer to promote their products a services. Because Monzter members do not buy or pay for coupons online, Monzter will never collect the payment on behalf of the merchants. Merchants will experience an immediate profit boost once the customer walks in to redeem their deals. Merchants will be able to manage their customer’s traffic because they can set the maximum number of deals to be redeemed by Monzter’s members.
With superior geo-targeting capabilities, Monzter can publish discounts that are visible only to the users within a one kilometer radius of the promotion. Restaurants and retain-chain outlets with multiple locations can take advantage of this and run deals that are valid only at their chosen locations.
“We believe that about 80% of mobile restaurant searchers make purchase. Restaurant searchers have the fastest purchase times with 60% of them making the decision on the same day. Moreover, one out of three smartphone searchers making a decision within an hour”, Phan explained.
For more information, please visit www.monzter2u.com