- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Most underrated invention ever
Posted on 7/10/19 at 10:17 am to SaintlyTiger88
Posted on 7/10/19 at 10:17 am to SaintlyTiger88
The gift card.
Think about it from a company’s perspective. You convinced people to buy something in advance that many people will never cash in on.
And think about the amounts. Nothing ever works out to exactly $20 for example. So if someone uses their gift card and only uses $15 of it, the company gets a free $5.
If an item costs $25 and you use your $20 gift card, you got a customer into the store that spent an extra $5 than was previously spent. And while they’re in the store, they may make other purchases that they otherwise never would have made.
And then as I said, there are people who never cash in their gift card. So if someone never uses their $10 gift card, that’s just free money for the company.
It’s fricking brilliant.
Think about it from a company’s perspective. You convinced people to buy something in advance that many people will never cash in on.
And think about the amounts. Nothing ever works out to exactly $20 for example. So if someone uses their gift card and only uses $15 of it, the company gets a free $5.
If an item costs $25 and you use your $20 gift card, you got a customer into the store that spent an extra $5 than was previously spent. And while they’re in the store, they may make other purchases that they otherwise never would have made.
And then as I said, there are people who never cash in their gift card. So if someone never uses their $10 gift card, that’s just free money for the company.
It’s fricking brilliant.
This post was edited on 7/10/19 at 10:22 am
Popular
Back to top
Follow TigerDroppings for LSU Football News