Summary
GroupChing facilitates a dynamic affiliate-based method to run a crowd buying social network.
GroupChing ties iaffiliate money to a dynamic, rising rebate that encourages more members to purchase an item and network to find other customers. As more people buy an item, the company offers more of its affiliate commission to lower the price.
The method solves a few problems that have sunk previous group-buying methods.
First, members would receive items instantly. They wouldn't need to wait until the end of a sales period. Purchases would be rebated on regular basis.
Secondly, there's no fulfillment issues.
We would make money from affiliate money, increasing sales offsetting a lower percentage of the affiliate money.
Example: Company X offers a 15% commission for a product. We immediately lower the price 5% Then, set a scale, for example: for each 100 members who buy the product, the rebate increases (and lowering the price) by 1 %. We'd set a lowest price to preserve revenue.
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Business Champion
- mswayne
- Location: State College, PA, US
- Last Login: 3 years, 4 months ago
The Brains behind the Idea
- mswayne
- Location: State College, PA, US
- Last Login: 3 years, 4 months ago
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