Social Loyalty Disruption - Interview with Tuhin Roy, Co-founder of Fanzy
Fanzy is an exciting San Francisco startup launching the world's first social loyalty network. I spoke with company co-founder, Tuhin Roy at ad:tech San Francisco to get more insight into the company’s strategy. “We are disrupting the social loyalty and engagement market,” he explained, “by providing powerful tools for marketers to understand, engage and reward influential fans for spreading the word about their brand.”
Fanzy gamifies the experience of being a fan by rewarding fans for their social activity around brands, TV shows, films, celebrities, sports teams, athletes and consumer brands. As Fanzy members generate buzz for your brand, they unlock real life rewards, social achievements (badges) and are ranked for each Fanzy they join based on Fanzy's proprietary FanScore.
Once installed, brands upload images, define keywords and videos that they want their fans to share and customize calls to action. Keywords can include marketing messages and links to videos, photos or websites. Marketers then have access to a robust rewards builder that enables them to target rewards to influential fans across the Fanzy network based on specific social loyalty achievements (such as sharing a video and getting likes) or based on their level of influence.
Tuhin stresses the company’s focus is building an affordable solution that even small brands can tap into. “If a brand wants to hire an agency to build a custom Facebook solution it can cost in excess of $150,000. To use another popular gamification platform is $2,000-$5,000 monthly. Ours is $69.95 a month.” The team of seasoned entrepreneurs at Frenzy has focused the company on building out its network of brands. In this way, it was important for the company to make the price-point, as Tuhin likes to call it, “next to free.”
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