Do you want to earn 25%...?

[X-Ray]

Voted Yes   

[jamesearthdrum]

I'm in.

[racerrad8]

Okay, guys the voting on this topic closes today; (Voting closes: Today at 06:44:12 PM)

I would appreciate your vote on this poll. I know the topic kind of got off track there in the middle with comments made, but ultimately, I need to know if you are willing to invest and the poll results will tell me.

I do appreciate the fact FeralRdr offered his reason for the no vote, which was he has no more FJ and he does not purchase from me anymore, so the coupon code would really be useless to him.

If this does not provide the required numbers needed, it at least gives me other ideas for future sales/promotions as time marches on.

Thanks guys, Randy - RPM

[the fan]

Another option you may explore is one I sucessfuly used at a shop I managed.

Badically it is a buy in discount program.

I charged a fee up front and a yearly renewal to join the program.
Basically the customer got a set of stickers and a fixed discount from my advertised prices. The ammounts were based on what the average customer spent with me in a year and ensured that I could get them better prices without hurting my overall margins. If they spent more than my estimate, good for them.

I also sent out a "e-newsletter" giving additional discounts on overstocked stuff and select supplier closeouts. often getting them really good deals, but again ensuring the shop turned a profit.

After the first year I was able to negotiate deals with my primary suppliers and would then pass the savings on to the members.

This was a very popular program, and made the shop a lot of cash (not to mention loyal customers)

The first advantage is that it generated upfront cash for the shop, helping me to avoid financing fees on inventory. It also gave me a target audience for future promotions or shop activities. (rides, bike shows ect.)

The secondary advantage was the free advertising from the customers putting stickers on thier bikes or other vehicles. Tio supliment this I gave each customer a handfull of business card that they could write thier name on. For every card that generated a new customer (not in my system) I gave the member who referred them a ontime cumulative discount. A few times this bit me but in most cases it was a win-win.

A third advantage was purely psycological. Most riders want to be a part of something. Joining the plan and sporting the stickers created somewhat of an exclusive club. It was fun to overhear people talking about being a part of "team Holeshot" or asking about it. I had a very significant number of customers who tracked down the shop simply wanting to join the club.... Ten years after i left the shop, and 8 since it closed its doors I still regularly see Holeshot stickers.

It makes me smile a bit every time.

Not sure if something like this would work for you, but it did for me.

[Alf]

I think that you could ask by PM about how much money we are ready to invest, because the result is the same with 3000 members at $100 or 1500 at $200

[racerrad8]

I think that you could ask by PM about how much money we are ready to invest, because the result is the same with 3000 members at $100 or 1500 at $200

Alf, you are correct with the math. Depending on the results of the poll will determine the next step for this process. That is why I put the values at the investment and return based on the dollar spent up to $1000.00 because if 300 people invested $1000.00 then I am at number that will allow me to proceed.

The first step was the poll, from there I will make the decision whether to pursue this any further or not.

Another option you may explore is one I successfully used at a shop I managed.

Basically it is a buy in discount program.

I charged a fee up front and a yearly renewal to join the program.

That is very similar to what Doc is doing in the UK, except you must be a member of the UK club to buy from him; no membership, no purchase. What you are saying is to offer incentives to having a member ship of the club like discounted parts, special deals and such.

The thought has crossed my mind several times, but I am just not sure if that is the answer.

Thanks guys for the input.

Randy - RPM

[markmartin]

Yes, I'm in.

[racerrad8]

The voting has ended and unfortunately at this point & time this is not a viable option of funding. I know Alf and others have worked on the math, but with the low number of yes votes there is just no way to be able to move forward with this offer.

The topic was read 1923 times, but there were only a total combined votes of 72. 67 of those were yes votes and that means there are people who are willing to invest, but there is just no way to get even close the balance required to have this option be a viable means of funding of the purchase.

I am working on several other options as this is a purchase that has to happen or it could put a large damper on what we already have.

To all that voted and responded thank you.

Randy - RPM

[Alf]

I´m unpleasantly surprised!. Only 72 votes?... and only 67 yes? ... well, I see that people is passive not only in Spain
I´m very sorry, Randy. It was a very good offer. Thank you very much