- Joined
- May 10, 2010
- Messages
- 43
Rep Bank
$430
$430
User Power: 360%
I think this is a potential fastlane money maker and I need your advice, opinions, and/or direction:
I have an opportunity to purchase $200 gift cards for an online fitness equipment retailer for only 50 cents each. Here is why the company is willing to do this. They will break even if people use the gift cards. Everything has a $200+ profit margin. So its free marketing if someone else distributes the gift cards, and they will profit if people buy products with a profit margin higher than $200 or buy several products.
Here is the potential fastlane business:
I can buy as many $200 gift cards as I want, as long as I pay for the production of the gift cards - which is around 50 cents. What is the best way to make money with these gift cards? Here are my ideas:
1) Sell them to schools and clubs to use as a fundraiser.
2) Sell them to small businesses like health food stores/salons/etc to offer as an incentive to get people to spend more money. For example, spend $50 or more and get a free $200 gift card for fitness equipment at website.com.
3) Sell them to a big restaurant chain like Subway. They can run a promotion where you buy a certain "healthy" sandwich and get a free $200 gift card for fitness equipment at website.com.
4) Build a website promoting affiliate products. Offer the $200 gift card as a bonus of people purchase through my affiliate link.
Do you have any ideas or feedback on the above ideas?
Brandon
I have an opportunity to purchase $200 gift cards for an online fitness equipment retailer for only 50 cents each. Here is why the company is willing to do this. They will break even if people use the gift cards. Everything has a $200+ profit margin. So its free marketing if someone else distributes the gift cards, and they will profit if people buy products with a profit margin higher than $200 or buy several products.
Here is the potential fastlane business:
I can buy as many $200 gift cards as I want, as long as I pay for the production of the gift cards - which is around 50 cents. What is the best way to make money with these gift cards? Here are my ideas:
1) Sell them to schools and clubs to use as a fundraiser.
2) Sell them to small businesses like health food stores/salons/etc to offer as an incentive to get people to spend more money. For example, spend $50 or more and get a free $200 gift card for fitness equipment at website.com.
3) Sell them to a big restaurant chain like Subway. They can run a promotion where you buy a certain "healthy" sandwich and get a free $200 gift card for fitness equipment at website.com.
4) Build a website promoting affiliate products. Offer the $200 gift card as a bonus of people purchase through my affiliate link.
Do you have any ideas or feedback on the above ideas?
Brandon
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.
Become a member and gain immediate access to...
- Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
- Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
- Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
- Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Join Today