How do you as a company make money from this?
RE: Anything for a dollar claims New Mobile App... Yours for $1. Anything??
You are viewing a single comment's thread from:
Anything for a dollar claims New Mobile App... Yours for $1. Anything??
Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Thanks for asking. Extremely simple actually. All the product prices are about 10-15% above the average retail prices. Because not one person pays for it but the total price is spreaded between funders users can get the best deal possible. That is a fix profit margin as a company. Also, as we ask a "comfortable" price from the manufacturers and distributors, we leave more money for them on the table, but as we get prices a bit above wholesale price we also have a spread there between 5-38%, depending on the products.
And, the best part is if you as a user climb the Profile Status, from Level 4 you can "back-load" any item you won, for example if you have one of that particular item already, or you don't want to take the item, you simply offered a back-load option meaning we split the price of the product by 50-50. In a case of an average car that costs 50.000 bucks, you back-load the item because you don't want it, the system puts it back and restarts the campaign, and 25.000 buck is just credited in your wallet. A nice way to go....
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit