1 / 6

Name still to be determined.

Introducing a new way to sell products through a ticket system. Each product has a set number of tickets sold at a specific price. A random ticket is selected once all tickets are sold, and the product is sold at the ticket price to that holder. Unused ticket holders can buy at a reduced price. This system ensures no loss for any ticket holder while ensuring profitability. Offering a variety of products using this model and adjusting ticket numbers and prices based on market reactions can lead to profitable outcomes. Targeted towards those unable to afford products outright, with drop-shipping from manufacturers to ease logistics. Users can select products to start ticket sales. What do you envision for this innovative system? Are the possibilities of profitability and viability intriguing to you?

palmer
Download Presentation

Name still to be determined.

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Name still to be determined.

  2. Concept • A new way to sell products. • An item has a certain amount of tickets, once all the tickets are sold a ticket is randomly chosen and the product is sold to that ticket holder at the tickets price. • But what happens to the other ticket holders? The product is offered back minus their ticket price investment. • Either way, the ticket holder doesn’t lose. And the system always wins.

  3. Example • Lets take an IPOD I could purchase from the manufacturer for $100 per unit. • Lets list it with 10 tickets, $12 per ticket. Total of $120. • Once all tickets are sold, $20 has been made. But remember, the ticket holders who weren't chosen still have the option to purchase the product minus their ticket cost. It’s offered for $120 - $12 = $108 Which is still $8 more then my cost.

  4. More detail • Any products could be used with the system. • A 10%-20% profit could be made per unit. • The number of tickets and price per ticket could be adjusted to how the market reacts. Take the IPOD example, it could also have 50 tickets at $2.50 Which is a total of $125. • Who wouldn’t attempt to purchase an IPOD for $2.50?

  5. Continued.. • When the ticket number is increased and the price is reduced the number of tickets a single person can hold can increase. • This system is directed towards the people who couldn’t actually go out and buy the product. • All products will be drop shipped from the manufactures, so I wouldn’t need to have a warehouse full of products. • I would have a products page that had every product accessible for sale. The users themselves would be able to choose a product to start the ticket sales.

  6. What do you think? • Does this system sound possible? • Profitable? • Viable?

More Related