Tagbond is startup that deals with managing memberships, deals and rewards through online and offline work. In Tagbond, they incorporate the use of Smart Tags (NFC and RFID) and QR codes to be able to connect to their web and through their mobile applications – redefining the way people connect and spend their time and turning it into a modern and practical process.
Mark Vernon founder of Tagbond started out by playing around with NFC and RFID technology back in December and from then on, his ideas of Tagbond started to develop in full bloom. He admits that there was no clear cut immediate idea but rather, he knew he wanted to put together a platform where people could leverage the use of new technology – thus, the creation of Tagbond.
Vernon has a wide variety of interests that include micro payments, affiliate marketing, and rewards – so he built a platform that he can use and simultaneously, be of use to other companies as well. Working well with only a staff of 15, they have graced amazing developments over the last three months. He teamed up with young developers who are fresh from college because he wanted to invest on fresh new ideas. “I like to watch people learn and develop,” he says. Purposefully, he hired seven programmers, one designers, and four writers who serve as marketing people, too.
For a start, they began working on a few things including the creation of the Philippine-based online software training and testing platform by using the content he had at vtc.com. Towards the creation of Tagbond, he invited two of his developers from India to join the team to lead, to teach, and to support the younger developers and at the same time, to help them build the platform as well. Their ideas started to shape up in the last four months.
Mainly, they offer two business models: the first model deals with the sale of virtual currencies by offering a platform and API for the investors to be able to integrate it into other applications; the second model deals with offering an inexpensive way to promote products and services, attract new customers and keep them.
Anyone who has access to the internet can join Tagbond. There is a wide range of deals such as coupon, loyalty stamp cards, tickets, prize draws, survey, polls and promo codes for online use. These deals can be shared by anyone, and they have an affiliate system built to track and pay for deals that are promoted or redeemed. Tagbond credits have no expiry – they cost 1 USD per credit. The credits are freely transferable between members and communities, can be redeemed for cash via Tagbond at 80% of face value which is paid via PayPal, Payza or Skrill. Also, they have a micro-payments system that can bae used for online content consumption.
Vernon is concentrating on developing Tagbond. He has plans of replacing cash with credits worldwide, working on alternatives of credit cards for online and offline purchases, offering a global rewards system, and a universal ID linked with RFID and QR codes for access and ticketing. Tagbond remains self-funded and is still being led by the hands of Mark Vernon. They are currently based in Makati, Philippines.