December 20, 2013

DAP Credit Store

Share this

“Game Changer…”

“Next Big Thing…”

“Masterpiece…”

 

We could call it all of the above, and we still wouldn’t be exaggerating!

We’re super-thrilled to announce the release of the next big revolution in the membership plugin world: Credit Store.

The Credit Store WordPress Plugin completely revolutionizes your ability to deliver value to your members, and puts an incredible new spin on how your members can get access to, and consume, your membership content.

Imagine you’re at a restaurant…

…ready to order food. And you tell the waiter, “I would like to start with some ice-cream“.

The waiter looks at you squarely, and says “I’m sorry, but you must first order something to drink, then eat the salad, then the entree, and only then can you order dessert“!

Not cool, right?

Even though we at DigitalAccessPass.com pioneered Content Dripping, we understand that dripping content may not always be the best for your members – especially if you have a lot of content, many different related modules, and you have members who are eager to learn from you, want your content, and want it now!

But at the same time, you can’t just disable dripping and give away all of your content in one day either – that would be asking to get ripped off by those who might download everything on day 1, and then turnaround and ask for a refund the very next day.

So you can’t disable Content Dripping…

And dripping alone is not enough for your members who want more control over how they access your content.

So what do you do?

Is there a better way to do this?

Yes, there is a 3rd way. And a better way.

And that’s where our new plugin Credit Store comes in.

 

Credit Store: How It Works

Say John is a new member who has just signed up for a subscription for your “Internet Marketing Secrets” course.

And you now have the Credit Store plugin installed. Which means John doesn’t have to “wait” for your content to be dripped in that same order that you chose yourself. He is no longer restricted by your chosen order of content delivery.

He can get the content that he wants, when he wants.

We call it “Content On Demand“.

Using the Credit Store, you can instantly enhance your membership site with a Credits-based system, where you can sell “Credits” to your members, instead of just regular products. And your members can redeem those credits towards your membership content.

Your members can also “Earn” credits for contributing to your web site – like commenting on your blog posts, “Liking” your content on social sites like FaceBook, Twitter and LinkedIn, for promoting your site as an Affiliate and sending you new members, and earn credits even for sending you new subscribers and helping you build your list!

And getting your members involved in the community as well help you promote your site, has never been easier. You can incentivize all of those activities by rewarding them with “Credits” for their participation and loyalty.

The Credit Store also comes with a stunning Storefront theme right out of the box, and the storefront display is responsive and looks and works beautifully on both desktops and mobile devices, and is highly customizable so you can tweak it to your heart’s content and make the store entirely your own.

 

What does the credit store plugin do?

Credits are tokens / points that can be exchanged for any redeem-able product / content in the store. The credit store plugin will allow you to instantly setup a credits based membership site where you can sell credits for cash, offer credits as reward for certain actions and set up an instant online store where users can redeem credits. Members receive credits that can be used as currency on your site and applied to any purchase of products that you have made available in your store. Members can go to the online store and redeem the credits they have accumulated in their account towards available content/products.

 

Implement your own Audible.com type store

audible

Audible.com issues credits/tokens when users join membership. Depending on the membership plan, users receive a certain number of credits each month, or each year. And the credits can be exchanged for books, magazines, newspapers and more on Audible.com!
Say you signup for an audible.com membership plan where you are awarded one audible.com credit a month. Most of the books on Audible can be “bought” for one credit, so you can get at least one book a month with your membership or you can accumulate credits for a few months and then go to the store to buy whatever products you want in exchange for credits. You can setup a similar storefront and rewards-program for your members instantly using our credit store plugin.

Credit Card Rewards/Points

cc-rewards

Credit Card Rewards programs let you rack up points every time you use your credit card. Cardholders can typically exchange their points for cash and/or use them to pay for travel or certain retail items and services, which are usually listed on the card’s website.
With our NEW Credit Store Plugin, you can offer credits as an incentive for different types of user action. You can award credits for – Blog Comments, Social Media LIKE, Affiliate Referrals, Free Signup, Paid product purchase (one-time or subscription product) etc. Offer credits as a reward for taking action, and then your members can “Redeem” those credits towards the purchase of any content/product you’ve made available in your Store.

Content On Demand

The Credit Store plugin enables “Content On Demand“. Instead of you dripping content on your members in a pre-determined fashion, they choose the modules they want, and the order in which they want them. You just give them the credits putting the power of choice at their fingertips.

Social Media LIKE Credits

liketounlock You can instantly enhance your membership with credits/points based system so there’s reward for different types of action. So there’s a better chance of converting the customer or getting the customer to take action as every action has a redeem-able reward associated with it.

Users can LIKE a page/post to a Social Media Source (Facebook, Twitter, Linkedin, G+) and earn assigned credits. You can assign different number of credits for each Social Media Source. For ex- Facebook like can be assigned 10 credits, Twitter can be assigned 5 credits etc. Only upon a successful LIKE, the credits will be deposited to the user’s dap membership account.

Note : This is NOT part of the core Credit Store Plugin. You will need our Like-To-Unlock-With-Credits plugin to enable Social Media credits.

 

Comments Credits

Users can comment on a credit enabled page and if comment is approved (or if set to auto-approve), the user will earn assigned credits. This is NOT part of the core Credit Store Plugin. You will need our Comments plugin to enable this feature.

 

Reward Affiliates in Credits

affiliates You can configure the Affiliate Commissions to Pay Affiliates by credits (for leads and sale) which they can then use to pay for their own purchases and subscriptions on your site.

You can setup the Affiliate commissions to be just Cash, just Credits or BOTH.

Affiliate Lead Credits: Affiliates can earn credits for referrals that lead to signup (provided you have setup credits for the product in the DAP admin -> Affiliate -> Commissions page)

Affiliate Sale Credits: Affiliates can earn credits for referrals that lead to sale.

 

Membership Credits

csmembershiplevel Say you offer Silver, Gold and Platinum Monthly Membership Programs. You can incentivize your customers by offering more free credits as bonus for purchasing higher level membership.

Charge more for your platinum membership than gold but offer more free credits as bonus along with additional premium content. These users can then use the earned credits to browse your store and get content of their choice. You can quickly setup a rewards program where you reward users based on the membership plan and your users will get automatic access to the rewards program when they enroll so they can start earning points and redeeming them at your store right away.

 

Create Instant Storefront

With the credit store plugin, setting up a storefront page (where your users can buy the product of their choice using credits) is a breeze. You can literally setup a storefront page in less than 5 minutes.
1) You (Site Owner) can configure the products that can be redeemed for credits and displayed on this page.
2) Your users can come to this page to Redeem their Earned Credits/Points.

Credit Store Front: Single Product Per Row Layout

You can create a ONE product per row layout OR you can use MULTIPLE Products per row layout for your credit store front-end page. This is easily configurable via the Credit Store Editor Icon (CS) in your WP Admin -> Add/Edit Pages -> Visual Tab. This image represents single product / row layout.
If you have ‘content-level-credits’ enabled (pay-per-post) for any of your child product, then you can ONLY use ONE product per row layout because MULTIPLE Products per row layout will only allow for simple product boxes per row, it wont allow the complex layout that products that allow content-level-credits require.

Credit Store Front: Multiple Products Per Row Layout

You can create MULTIPLE Products per row layout for your credit store front-end page. This is easily configurable via the Credit Store Editor Icon (CS) in your WP Admin -> Add/Edit Pages -> Visual Tab. This image represents Multiple products / row layout for the storefront page.

Pay-Per-Post

Very Powerful Feature! Instead of allowing users to just redeem the ENTIRE product, if you enable content-level credits, the users can redeem individual content of their choice rather than the entire product. Instead of you dripping content on your members in a pre-determined fashion, they can choose the modules they want, and the order in which they want them. You just have to provide a way for your users to purchase or earn credits and then the power of choice is at their fingertips.
You can attach credits to each individual content / download (for ex – page, post, pdf, video, files  etc) and allow users to pick the content they want to download or view when they want and in the order they want instead of a pre-determined / set dripping decided by Admin. See the ‘Redeem Individual Items’ section in the image above to see how pay-per-post will look in the storefront page.

Easy To Use Shortcodes

Another great feature: If you want a redeem button to show up on your sales page or any other page to allow users to redeem access to a product, then just place the REDEEMCREDITS shortcode on the page and automatically a redeem button will appear on the page. We also have shortcodes for CREDITSAVAILABLE and CREDITSREQUIRED that you can place on any WP page.

Pagination: Control Products & Content Per Page

cssinglecolumn Another Powerful Feature! If you have a lot of products in the store, then you can spread out the products across multiple pages instead of crowding one page with all the products. Similarly if you do pay-per-post-via-credits by allowing users to redeem individual content via credits, then you can control how many items show up per page and spread it across multiple pages.

Buy-For-Cash OR Redeem-Using-Credits

You can configure redeemable child products to show up with both ‘Buy Now’ as well as a ‘Redeem’ button in the store as you can see in the image. Users can purchase the product for cash or redeem for credits. Users will get instant access to product upon purchase via cash or credits.
Please note that when you sell the ‘same’ product for both cash and credits in the store, you cannot use content dripping for the product. You can only drip content for not-redeemable regular DAP products.

Responsive Web Design

The credit storefront page employs clean, flat, optimal and responsive web design. It’s mobile friendly.

 

FREE Signup Credits

Incentivize the visitors to provide you with their email Id offering credits as bonus for signup (you can setup the FREE product as master and assign credits to it in DAP products/levels- >Credit Store Front Settings page).

 

One-time & Subscription Credits

If you have a one-time (free or paid) or a subscription product, and you want to allow your users to earn credits when they buy the product or when a recurring payment comes in, then all you need to do is define / designate the product as Master in DAP products/levels- >Credit Store Front Settings page and ‘Assign Credits’ to that product (initial credits and recurring credits) in that page.

Resell products

By default, if a user has already purchased a product, it will automatically disappear from that user’s view of the credit store. If you want the users to be able to redeem the same product for credits again, then set resell product setting to Y in the DAP admin -> Credit Store page.

 

Credit Store: Master & Child Products

The master product can be a regular full-fledged dap product that you sell. You can drip content (if reqd) under the master like any normal dap product. The only thing with product that you have set as master is in addition to doing everything a regular dap product does, this master product will allow your users to earn credits. If a user gets access to this product (via free signup or via purchase), they will get the credits assigned to this product. So you can use credits during a special promo and tell your users that if they signup or buy the product, they will earn credits in addition to the content that they are buying and they can use the credits in the store towards available child products. Or you can simply setup a master as a way for your users to purchase credits. It can be a dummy product setup just to allow your users to purchase credits. You can setup the payment button for master like you would for any dap product. DAP will know to automatically award credits to the user when the purchase is complete. You will find the assigned credits to user in the dap users->manage page under ‘Credits’ column.

Users that purchase the product designated as master, will earn credits assigned to that product and in addition, will also get access to any dripped content under the master.
Master product can be a one-time or a recurring/subscription product.

User-Level-Credits: The credits the users earn will be accumulated in the user’s account and they can use the accumulated credits towards ANY redeemable child products in the credit store.

Option to assign recurring credits: The users will earn recurring credits (if configured under DAP products/levels- >Credit Store Front Settings page) upon each subscription payment.

 

Advantage: Credits

As the DAP Admin, you can be creative with how many credits you assign to each of the child products – the more valuable a product – like if it has more content than the rest, takes up more support, or simply teaches more stuff – then the more credits you can assign to it.

It’s like in a casino. Your member gets a whole bunch of chips at the door. He can then go and play the slot machines, or sit at the poker table.

And when it’s all done, he can go buy some more credits if he wants.

And the next time he walks in the door after a month, he gets given more free credits to play with!

You can also set up a product just to sell credits.

And all of the credits he buys, goes into his account, and then that becomes available for redeeming against further content.

 

Credit Store: Earning Credits

In addition to your members buying credits through purchases, you can also incentivize how credits are earned.

You can reward your members with free credits simply for spreading the word about your site. Here are 3 ways in which your members can “earn” credits on your site.

 

Credits For Referrals

DAP already has a built-in affiliate program that allows you to pay affiliates with cash for referrals. Now you can also award them credits. Not just for a sale, but they can even get credits simply for referring new subscribers to your free list! And paying with credits is a great way to incentivize your members to bring in other members.

 

Credits For Comments

You can encourage your members to participate in your community, by rewarding them with credits for commenting on your blog posts. (insert screenshort of Admin UI for this). You can configure which posts will give them credits, and how many credits, and this plugin even has built-in security to prevent people from abusing this, and will make sure that they can’t fraudulently rack up too many points by repeatedly adding junk comments.

 

Credits For Likes

Your members can also earn credits simply for “liking” your post or page on the social network of their choice – and they have 4 to choose from: Facebook, Twitter, Google Plus and LinkedIn. (insert screenshot of admin interface)

 

The Credit Store Ain’t About You…

It’s about your members!

Here’s why your members are going to love you for doing this…

  • They can get “Content On Demand” – no more waiting for dripped content
  • They can purchase individual posts/pages within a given product – it’s like “Pay Per Post”, but using credits.
  • They can earn credits for simply signing up to your membership product (you can offer this as a bonus for users that purchase higher level membership)
  • They can “earn” credits for referring others to your web site.
  • They can “earn” credits for commenting on blog posts and pages and participating in the community
  • They can “earn” credits for sharing your site with their friends on Facebook, Twitter and LinkedIn.

At the end of the day, every credit they buy or earn, they redeem towards YOUR content.

So it all comes right back to you – in the form of happier members who stay longer, buy from you more often, spread the word about you, and help you build a successful long-term business with lucrative recurring revenue.

They win, you win.

button-credit-store-free(with a “Wicked Cool Club Platinum” Membership)

-OR-

button-buy-credit-store

 

As always, we look forward to hearing from you in the comments section below.

Cheers!

Veena Prashanth & Ravi Jayagopal


You may also like

DAP v13.6 is here!

More improvements to DAP’s LMS! DAP v13.4 is here…

Leave a Reply

Your email address will not be published. Required fields are marked

  1. Just wow. I “think” this is what I’ve been looking for? I have over 800 posts which for me are letters. The main thing of course is to have someone sign up for unlimited access via the memberships.

    However, will this provide a way for a person to purchase credits to have access to one or more single posts or letters? I’d like to offer a letter for $5 so if credits are $1 each, they would need to purchase 5 credits?

    Also, how would this post/letter be made available to them? It would be “nightmarish” to have to make each post/letter a product.

    Absolutely love all the improvements!

  2. Hi Norman,

    >>However, will this provide a way for a person to purchase credits to have access to one or more single posts or letters? << Sure. You can sell credits however you want. You can create master products that allows users to purchase say 10 or 50 or 100 credits at a time OR you can create subscription products (silver, gold, platinum) where users can earn credits upon each subscription payment. They can earn more credits every month if they purchase higher level membership. >> Also, how would this post/letter be made available to them? It would be “nightmarish” to have to make each post/letter a product. << You don't have to create multiple products. The awesome thing about this plugin is you can do 'pay-per-post-using-credits'. You do NOT have to create a product for each post. All the posts (that you want to sell for credits) can be added to a single product in DAP content responder tab. Each post will have credits attached to it. The buyer can purchase entire product (for cash or credit) or redeem individual posts / content under the product. >>Also, is this included if I have already purchased MSIAB a little over a year ago? << Sorry, no. We will offer it as a bonus to NEW MSIAB buyers for a few days as a launch special but it is not automatically available to older MSIAB purchases. Thanks, Veena

  3. Hi Mark,

    >> when can we get this? << You can purchase it now :). The plugin is ready for use. You can click on the 'Check Price' button in this post to check the price and then click on the buy button on that page to purchase it. Thanks, Veena

  4. Hi Vaughn,

    We don’t have a demo site yet but we will add a demo to our wickedcoolplugins.com site in a few days.

    But it will look and work exactly the same as you see in the sales video above.

    Thanks,
    Veena

  5. Will probably buy it, but hard to pay that much for the installation too. Is it mainly a plugin installation? Then, it’s a matter of figuring how to set it up.

    Documentation available for setup as well?

  6. Hi Norman,

    If you purchase the full “Unlimited Sites + Setup” option, we will…

    * Make a backup of your DAP database
    * Make a backup of your DAP and LiveLinks folders
    * Upgrade DAP on your site to the latest version
    * Install Credit Store plugin
    * Install LikeToUnlock plugin
    * Install CreditsForComments plugin
    * Create and set up your “Credit Store” storefront
    * Setup the framework upon which you can easily continue to add your products
    * Do a 1/2 hour one-on-one call to show you how to setup the CS products and answer any questions you may have.

    So the package includes a LOT more than just install.

    You will find documentation here:
    http://www.digitalaccesspass.com/documentation/
    (look for DAP Credit Store in the left sidebar)

    Thanks,
    Veena

  7. Ok, Veena. I think to do this right I will purchase the whole deal. I must confess, it feels a bit like buying the whole package again, but hoping the ROI will eventually work out…

  8. Hi Norman,

    There is no other plugin in the market like this. It has great value and a ton of features that you can actually use to sell and make money. Everything you see in the video is what you can actually implement on your site.
    No gimmick.

    It’s worth a lot more than the price we are selling it for and I am sure you will agree when you implement it on your site and start using it to sell your products :).

    Thanks,
    Veena

  9. What’s the difference between the Self-Service Store (SSS) that comes with my original purchase of DAP and this new Credit Store? Are this actually the same?

    Thanks,
    Gama

  10. Just to clarify – this can only be used with DAP, correct? Cannot be used with other WP membership software?

  11. Hi Gene,

    Yes, the CS plugin can ONLY be used with DAP and NOT with other WP membership software.

    Thanks,
    Veena

  12. Hi Gama,

    >> What’s the difference between the Self-Service Store (SSS) that comes with my original purchase of DAP and this new Credit Store? Are this actually the same?<< No, they are not the same. We started with Self-Service-Store but SSS had very few basic features for redeeming credits. CS (Credit Store) takes SSS to a whole new level. The Credit Store plugin is customizable, user friendly, has clean/ flat / responsive (mobile friendly) interface, supports account level credits so users can use the earned credits towards any CS products, has pay-per-post feature and a LOT more. We no longer sell or offer SSS. Thanks, Veena

  13. Hi Antonio,

    Yes, it will work with paypal standard or any payment button of your choice. No, it does not integrate with wp estore.

    Thanks,
    Veena

  14. Hey Vena,

    Just purchased the unlimited license, but do not see the installation documentation in either the wicked cool plugins documentation or dap documentation page. Please advise.

    thanks,

    Matthew

  15. Hi

    Looks great!

    Can credits be auto-added with each billing cycle?
    Can credit balance information be accessed and utilized via an external api?

    Thanks
    Rob

  16. Hi Joel,

    >>Is credits for pin(terest) a doable technology? << Yes, it's doable but not currently supported by the Like2UnlockWithCredits Plugin. It's on our to-do for a future upgrade. Thanks, Veena

  17. Hi Rob,

    >> Can credits be auto-added with each billing cycle? << Yes, credits will be auto-added with each billing cycle. >> Can credit balance information be accessed and utilized via an external api? << Yes, credit balance can be accessed via API. Thanks, Veena

  18. One thing I’m unclear about…

    I have an ‘all you can eat’ monthly membership site (100+ and counting video tutorials) but also want to use credits for people to ‘Test Drive’ for free…

    Can I set it up so my monthly members get full access to everything (without having anything to do with credits) but assign ‘Test Drivers’ 10 credits to access 10 tutorials for free… and then they have to sign up or pay-per-post?

    Thanks,

    Patrick

  19. Hi Patrick,

    Yes, there is a way to do this with the Credit Store.

    Lets say you currently have a subscription product called AllYouCanEat and you charge $9.99 / month to allow users access to the dripped content.

    You can designate this product as ‘master’ in the dap admin => credit store setup page.

    Instead of charging 9.99 / month, you can set up a subscription product with a penny trial ($0.01) for 30 days followed by 9.99 monthly. You can give away 10 credits when they sign up for the penny trial.

    You can setup a child product with the 10 tutorials and enable pay-per-post-with-credits for the child product.

    The users will pay $0.01 initially, get 10 credits in return, they can go to the store and redeem posts / videos that are part of the child product using the 10 credits. If you setup each tutorial to cost say 1 credit, the users can get upto 10 tutorials for free (using credits).

    Then you can use regular dripping to drip out the content from day 31 onwards (under the master product). The users will only have access to the content under master if the subscription payment goes through each month.

    Hope this helps.

    Thanks,
    Veena

  20. This is a really great plugin! The Facebook Like component for acquiring credits is a winner. Thank you for this.

    I noticed that there is comment component for earning credits as well. Many online marketers are quickly moving to using Facebook comments instead of WordPress comments because of the viral nature of the Facebook comments. Does the Credit Store comment component work with Facebook comments? This would be a huge win if it does.

    Thanks – Jay

  21. Hi Jay,

    >> This is a really great plugin! The Facebook Like component for acquiring credits is a winner. Thank you for this. << Thanks Jay :). >>Does the Credit Store comment component work with Facebook comments? << Yes, it does. If you use CWC shortcode on your blog, it will allow users to post comments to Facebook and earn credits. See - http://wickedcoolplugins.com/doc/comments-with-credits/

    Thanks,
    Veena

  22. Hello Vena,

    This is great news. Thank you!!! Plus, since you the comments with credits plugin produces shortcode, I should be able to input this into OptimizePress 2 without any issues. Awesome!

    Continue the great work.

    – Jay

  23. Hello,
    very nice plugin. Is there a admin statistic or traking tool to see which user have redeem which products.
    Can I see how often a child product was redeem with credits?
    The idea is to sell co-authors on my membership website by user who redeem and using their child products.

    Thank you,
    Max

  24. Hi Max,

    We have ‘user’ level tracking where you can enter the email Id of the user in the admin backend, and it will show you the full user history.
    But it’s at user level. If you enter the user’s email id, you will see the list of purchased products, redeemed products, credits earned using social likes, comments etc for that user. You can also add/remove credits for the user.

    We do not currently have product-level tracking. We will add it to the CS plugin in future. No timeline yet.

    Thanks,
    Veena

  25. Hello, is there a way to add “credits” for some custom function…

    Say if we build our own interactive function that allows a user to submit some content… can we award credits for them using our custom built function?

    Thanks!
    Patrick 3

  26. Hi Patrick,

    >>Say if we build our own interactive function that allows a user to submit some content… can we award credits for them using our custom built function? << We do not yet have an API for this but it's certainly in the plans for future as it will open up a ton of ways in which the CS plugin can be used to incentivize customers. Thanks, Veena

  27. This looks promising. What support is available to develop a customized program?

    On what type of pages/posts can we offer credits for sharing? Only on WordPress pages/posts or is it possible to offer credit for sharing on html pages (for example, if we use a landing page application like Lead Pages or Unbounce).

    If someone has a subscription with ongoing fees, is there a way that they can use credits to offset some (or all) of those fees?

    In addition to content, what else can be included as an incentive? For example, if we were going to offer a gift card would we setup a product for a gift card and they could purchase it, we’d be notified and then send them the gift card?

    Thanks

  28. HI Lloyd,

    >>On what type of pages/posts can we offer credits for sharing? Only on WordPress pages/posts or is it possible to offer credit for sharing on html pages (for example, if we use a landing page application like Lead Pages or Unbounce). << Currently the LikeToUnlock plugin is a WordPress plugin. So the credits awarded for social-like (facebook, twitter, linkedin etc) will only work on WP pages/posts. >>If someone has a subscription with ongoing fees, is there a way that they can use credits to offset some (or all) of those fees? << This is a very interesting feature and has tremendous value. We thought about this before we released CS but it's hard to implement this feature because it's not just DAP dependent. Currently DAP sets up the recurring profile within the payment processor at the time of initial purchase so after that, it's the payment processor responsible for charging the subscription fee every subscription cycle. If we need to update the amount a user will be charged on an ongoing basis based on credits, then DAP needs to be able to communicate with the various payment processors on an ongoing basis to update the 'recurring amount due' based on available credits. Every payment processor is different in terms of what they allow via APIs so while this is a feature on our wishlist for CS, it will take time to implement. We will likely offer this feature first with the regular paypal buttons and then with the DAP shopping cart (authnet and stripe). We hope to make this feature available in about 6-7 months from now. Thanks, Veena Prashanth

{"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}