fluffythewondercat
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posted on July 7, 2003 10:13:46 PM new
I'm considering selling Fluffy Dollars. You pay 90 cents, you get a Fluffy Dollar worth one U.S. dollar in merchandise.
We have a lot of repeat customers who could score themselves a 10% discount off the final bid price this way and who buy enough that it could mean significant savings for them.
The big advantage of Fluffy Dollars, of course, is being able to play the float: having the use of the money from the time the FDs are purchased until they are redeemed.
Don't know how that would work for folks who like to pay via PayPal, though.
I am not a bathtub full of brightly-colored machine tools on Vendio.
[ edited by fluffythewondercat on Jul 7, 2003 10:14 PM ]
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Libra63
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posted on July 7, 2003 11:06:47 PM new
How are you going to keep track of your "fluffy dollars"? I mean how do you know what buyers have them? I suppose when your buyers say they have those dollars and how many you will have to change your selling price. what you will really lose out on is the FVF that eBay will charge you. It will be on the ending auction price and not the flully price. Are you willing to lose money like that? Is this what you mean???
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stopwhining
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posted on July 8, 2003 06:37:15 AM new
libra,
fluffy dollar will have her smiling face and a unique serial number on it and she can either mail to them (37 cents stamp and envelope) or she can ask them to troop to a site and download them and print them on their printer,it would be their time and paper.
american express has been doing it for many years,you pay them to hold on to your money.
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eagleedc
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posted on July 8, 2003 07:13:27 AM new
K I S S
imo.
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fluffythewondercat
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posted on July 8, 2003 07:34:18 AM new
Nah, it would have the sweet face of the real Fluffy the Wonder Cat. She's adorable if a bit dimwitted.
I like the idea of generating Fluffy Dollars from a web site. Easy payment with PayPal. Good thought, SW.
I am not a bathtub full of brightly-colored machine tools on Vendio.
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stopwhining
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posted on July 8, 2003 07:50:24 AM new
i know this has nothing to do with ebay how they pay you,but what if you stop listing and they troop to ebay to complain.
they are known to do that-seller urged high bidder to buy more at his site and high bidder complained and file insurance with ebay on items bot at the site.
thats one of the reasons ebay would not allow outside links.
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AuctionAce
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posted on July 8, 2003 09:21:53 AM new
There are many sellers that offer discount certificates on their auctions or stores at ebay. Sometimes when I buy something on ebay there is a card or flyer offering a 10% discount on my next purchase.
Some sellers offer gift certificates at a 10% discount as well.
------------------------------------------
"See you in Church if you sit by a window !"
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fluffythewondercat
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posted on July 8, 2003 11:47:28 AM new
what if you stop listing and they troop to ebay to complain.
Fluffy Dollars (tm) would be fully refundable at the price you paid for them.
I am not a bathtub full of brightly-colored machine tools on Vendio.
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jnash
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posted on July 8, 2003 07:45:39 PM new
I'm not sure about the "Fluffy Dollar" idea but I understand the concept.
You get dollars today that the customer doesn't spend until later. I'm
concerned this might be construed as some sort of "banking" or maybe
even a "scheme" of some sort.
What I do on my webhosting business to encourage faster payment is
to bill full amount and offer a 2% discount to those who pay within ten
days of billing.else net in 30 days. If they don't take the discount but pay
within the 10 days I'll give them the 2% as a credit toward their next bill.
There's a 1.5% late fee on balances over 30 days past the actual due date.
Now I bill 30 days early.(we usually handle the domain names for our
clients and those need to be paid early) so if they want the discount they
are actually paying atleast 20 days ahead. Most of these are yearly accounts
so I get my money way ahead, sometimes 20 days or more early, mostly on
time or else I get to charge the late fee. And the credits help encourage them
to spend more on optional service or atleast stay with us.
Could you modify this somewhat? Offer 10% credit in "Fluffy Credits" for paying
within 3 days of auction end via Paypal? Maybe? Won't help your cash flow very
much but might increase secondary sales. You could even make the "Fluffy
Credits" useful only on your website. Your expenses would be less so you'd
come close to breaking even on the credit.
This might be a better deal in the long run for both you and your customer base.
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jake
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posted on July 8, 2003 08:15:14 PM new
Years ago in the early days of ebay, I use to get many bidders who I would owe credits to (usually because they overpaid) so I would send them a credit slip with their order. I kept track of who got how much credit and very few of them were ever used. When I stopped doing it, I had well over $100 that was never used. The credit was good for any future purchase from me.
So your idea is actually a good way for you to make some easy money. For sure there will be many that will never be redeemed.
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fleecies
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posted on July 8, 2003 08:16:07 PM new
The way I read it, Fluffy dollars would work just like a gift certificate with a discount upon redemption. Nothing wrong with that. Good idea, Fluffy!
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fluffythewondercat
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posted on July 8, 2003 10:17:20 PM new
The way I read it, Fluffy dollars would work just like a gift certificate with a discount upon redemption.
Yes, the discount would be upfront as opposed to using a 10% off coupon.
With Fluffy Dollars, you pay 90 cents and get $1 merchandise credit (which you use to pay for $1 in merchandise). Unused Fluffy Dollars would be converted to cash at 9/10ths their face value.
With a coupon, the price of the item is discounted 10% and you pay in regular dollars.
Good idea, Fluffy!
I stole the idea from Pizzeria Uno, who was selling their "gift certificates" at a discount from face value. If you ate there regularly it made sense to buy the gift certificates and use them yourself.
I am not a bathtub full of brightly-colored machine tools on Vendio.
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