"Please the masses" should go up a tier. That is how you gain users. Your marketing company should have told you that man. Do want to grow or stay stagnant? Almost as important as your "Please our Partners".
So strange that you dismiss the "masses" as unimportant throughout this video. I thought this was a price checking app to rival other services out there? Now it just seems like you've spent $100k to create a way for your "partners" to more easily access your buy list, when there were a thousand ways to do that already that didn't cost six figures. Sure you'll just label me a "hater Hank" but seriously, what is the actual point of this app beyond being able to see your "buy list"?
Wait, and im not being mean here. I’m just now realizing that the whole point of the app is to send games ONLY to him. I don’t get what’s the point of seeing prices on eBay and Amazon if you can’t send stuff to them straight from the app I’m assuming. It makes price checking easier yes but like in reality there’s really no point to having those price comparison in this app
And it also makes no sense in financial terms cause if he’s expecting more business then chances are him and his one employee won’t be enough to keep up with influx of items and so therefore he might need to hire someone else to help process and someone else for customer care as well, on top of what it costs to run the app. I think his monthly debt would be too much to make any profit, he’s going to need to crank out a lot of UA-cam videos to invest back into the business. Idk man
I've sent in twice using the buy list. I send stuff in when I get enough, I likely wouldn't be able to generate $250 a month in sales. The only premium feature I would want is the buy list. I'd love to see an a cheaper option where I could pay to just use the buy list personally. I think for bigger resellers the $25-$50 price point is very fair, but for smaller resellers it cuts into profits a bit more.
Yeah I'm thinking the Buy List / Quick flips feature should be a vetted featured rather than a paid feature. So go through the same "application process" you have now and then just enable that feature for the user whether they're using the paid or free tier.
not so sure trying to move your current wholesalers from the current method of transactions towards an app they may potentially have to pay for is such a great idea.
Because you have to apply to be on the buy list and submit proof of prior sales? IE -- you can't be a 13 year old kid and shove 20 games in a shoe box and send it off using the buy list.
I don’t think you need to worry about competition. It’s obvious this apps main aim is for people to send you games…. Nobody else would invest 100k in an app to do that 😂😂
Just for reference, comparing fees on ebay vs the subscription cost of 1up isn't really an apples to apples comparison, as on 1up you are selling for a tad less than you'd get on ebay in order to leave a margin for you guys. Overall, I don't think the $50 price point is going to be a consideration for the reseller businesses that are generating like 6 figures a year and such. But if your goal is to get small part time resellers selling to you, the $50 cost is high. Kind of just going to depend what you prefer, a handful of big businesses selling you tons of stuff for a higher sub cost, or a bunch of small businesses selling you small amounts of stuff for a low sub cost (you still get to keep the big businesses but now there's more headache and variable with tons more people selling to you).
Couldn’t agree more the comparison at the end of fees vs app cost is just not the same. Also at $50 a month this is definitely more suited to full time resellers vs part time resellers.
I agree and just made a similar comment (too high for smaller guys) I sell DVDs on Amazon as a side hustle, so I’m always around video games… I just don’t sell video games there. I think Caleb’s bread and butter (over time) woul be smaller (possibly even as low as 50-100$/mon) resellers if I was wanted as someone to sell to him.
indeed. it'll be a little hard even for full-time sellers who deal with multiple categories, but do deal in video games (on a smaller scale). but maybe that's where his focus is. a very niche/smaller audience market at first.
Not finished yet. But there is a logical error. The only people that will pay a subscription are people who sell a lot to you. But if the people who sell a lot to you get it for free, then you wouldn't be making any money... Advance on this... If you're looping around to giving it to your business customers for free then what was the point in doing all this? You would have to add bullshit to it
It seems like you would be charging me a fee to wholesale items to you. I could be looking at it incorrectly, but the buy list isn't just a benefit to the partner. It's a benefit to you. I resell different products, so the perspective may differ in the video game world.
You can take this with a grain of salt as I do not buy and sell video games, but I do know what I would think if I did. What I think you're going to wind up with is this: you will have your "regulars" that never have to pay for the app as they do enough business with you... and that's it long term. Some people will try it out for a month or two, but will cancel. Why? Because 99% of people that buy and sell, probably do it as a Hobby. They spend maybe a day a week hitting yard sales and such and MAYBE they'll have a couple hundred worth of video games to sell. Do you think these people are going to spend $25-$50-$100+ per month? God no. That's the difference between them making money and not making money. I don't meant to be harsh, but I FIRMLY believe that if you want this to be successful you need to go with the assumption that the $100k+ investment was just a "sunk cost". Your goal should be to get as many people using it as possible. I'd say that it'd be appropriate for a ONE TIME fee of $10 to get the app would be enough to get rid of any scammers but get enough usage. Your app is going to be a money loser, the goal is to make it up with additional sales.
Incredibly insightful point. On top of that, I could see that if this is how it went, he might make his regulars pay still; which likely would drive them away and lose him business. Fundamentally what this is doing is making people have to pay money to sell to him; when there are other businesses that don't have a paywall to sell to this is a losing strategy in the long term.
100% correct. I would have to source video games for 2-3 months before it’d be worth paying $50 to make $200. This needs to be a service that allows you to sell $20-50 worth of stuff monthly. I firmly believe (to use your word lol) his bread and butter will be hobby sellers and weekend warriors.
We have to charge you for the pleasure of doing buisness with us? Does RetroRick charge a admission at the door ? hope you go broke phoenix resale!! 5lotham GET'EM!
Can you just do an application process to become a "partner" so you can do paid for access OR apply for access? Would probably check off all the boxes and save you hassle of partners that may not want to pay even the initial month.
He has like 450k subscribers across both channels. Even if only 1% of those people send an application in, that's almost 5k applications that need to be manually reviewed by a business that has like 2 employees 😂. And it would be kinda hard to automate that review process without running the risk of a certain amount of bad applications squeezing by undetected. So, if each review took only 5 minutes to process manually with 5k applications to get through, that's around 417 hours of work. 😅
I think 1% is the realistic number, and probably a high estimate for number of people who would apply. I think you could automate it to where you eliminate most applicants based on answers they provide. It would filter to you just a handful and he already has his current partners who he'd be able to add himself that wouldn't need to apply. Feel like you're doubting how much could be automated in that and the number of actual applicants. The paid option is there also the application is only for those businesses (maybe some high end resellers) that do not want that extra barrier to entry for what is a B2B transaction helping both (why would I need to pay to help you type of thing).
@TheMoneyMasteryHub If those application questions are like a multiple choice format (otherwise, how else would it be automated), then I could see how easy it would be for applicants to just straight-up lie. Manual review is by far the safest and most secure way to prevent people with bad intentions, making it through. And in all fairness, there probably is no solution in Calebs mind where the quickflips feature is heavily discounted or free from the start unless you were already a partner before. Outside of him "pleasing the partners" it would only make sense the next most important goal is recouping the investment cost. He already stated that the "masses" are not really a priority. This app is heavily focused on benefiting his business first. Which is fine he spent 6 figures, and I wouldn't expect less.
This seems like a much better pay system to me. I would only use the free version to list out my collection. I would also hope there is a way to export the info as well :) However, if I was trying to resell then this seems reasonable. I really like the idea of getting free months based on the amount they sell to you. I would also cap the number of free months someone can get from one transaction as well. That could encourage repeat business and prevent scammers from trying to eat the cost of one month to sell a bunch of stuff that is a majority unusable.
The app itself will not make any money. It's either businesses consistently using it & getting freemium months or users trying it out & getting a refund or turning into consistent freemium users. The buy list needs to make you alot of money, but if you recieve too much stuff that you are paying too close to market value for, that'll eat into your time & costs if you get more staff due to low profit margins & alot of volume. Hopefully I'm wrong though, just my thoughts on it
You still vet people that apply to get access to the buy list. They apply…you approve…you give them a username and password. That pleases your business partners and it keeps out scammers.
Accelerlist did away with that because they realised too much money was being left on the table. It's all about greed now. Do nothing but still get more money for it.
Seems like it turned more into for buy list. I would specify more what you get for the 25.00 so you can get more members to recoup debt besides just being able to sell you something! Good luck man.
Amazon charges him to sell on their platform, now he plans to charge you to sell to him. I don’t even need to make more videos on Phoenix Resale, he’s gonna destroy his own channel 😂
IMHO you have solved the paradox of price. Legacy users enjoys a flat lifetime cost and new users bear the increased price as the App enlarges is perfectly fair. I am still not paying quarterly charges for an app I subscribed too 10 years ago. If you were to subscribe to it today it would cost you 5 times as much as I paid as new user. Seeing that the cost of entry reinforces my brilliant and timely adoption choice way back when. Kind of a value reinforcement kicker for your legacy users. Also a barrier to entry for competitors. Competitors will price off of your evolving new user price and your first users won't be interested maybe. Unless the competitor has solved problems in your App you've been unable to by then. It's a delight to listen to you and your reasoning on both channels. Thanks for posting this video.
In my situation, this is still not good. I've been working with you for a few months now, but I cannot really be sure that I'll have a good amount of stuff every month, sometimes I just don't have time to source enough. 12:07 I think I'm just not "that kind of customer". Thanks for the reminder 😅
Hmm this seems like this app is now made to help your business. This doesn’t help other people with their collection and sale but just to send you games. I am not sure about this. I would pay a one time fee to get a price of a game on multiple platforms.
You’re focusing too much on stuff in the app that is already done by other apps and done better. All you care about is making money, so you should have just made a Quick Flips app. You don’t care about collecting and honestly collectors don’t care about you so this app should’ve been about your business and what you really care about. Then you could’ve just charged for the app or whatever…this discussion on price wouldn’t have been needed.
I would think about offering a discount for a year subscription instead of monthly. Monthly $49.99 per month and if you buy a year subscription $39.99 per month or something like that. Someone that buys a year at a time. You know will be doing business with you on a regular basis so they will get a discount.
I think you have put a tremendous amount of thought into this and have a great idea. You are taking care of your best customers and keeping the scammers out. I've been reselling a long time and truly appreciate and respect everything you are both sharing and doing here! I wish you lots of success in your business venture!
A couple of thoughts for you to take or leave. Couldn't you use a volume pricing model? Essentially, the more that someone sells through the app, the greater the discount applied. Eventually, if they are selling so much that they are valued customers, then they are not paying anything. Another challenge here is that you are trying to serve two customer types with the one tool - the everyday reseller, and your B2B customers. If the goal is to create an easier way for you to gain access to more B2B customers, and make it easier for them to transact - then design it for that purpose. If the idea is to build a price rationalisation tool for the everyday reseller, then design it for that (perhaps looking at how to use the data collected to undertake more responsive price arbitraging). Trying to kill two birds with one stone will increase the business complexity and potentially yield a product which doesn't work for either customer group. To use your own idea - do less better.
No eBay is a bummer perhaps add something else in its place consolidated data has immense value perhaps data from estarland. On the user only side places to buy and complete collection’s with prices would be cool.
If your only paying what you would get from ebay after fees you cant say you are only paying $50 to go through your buy list instead of paying there fees because you still would only get what you would earn on ebay plus your now paying $50.
While I do see the value in it for your business. I have to agree with others that those doing consistent sales to you via the buylist will not be money makers as they will be getting free months. I don't see you ever recouping your costs with this business model. But prove me wrong.
Can I throw out a great idea for everything’s free. I just do local sales mostly on Facebook but would love to venture out into eBay and Amazon and also send games to you. That’s all.
I can’t wait for this app! I don’t flip videos I only collect but I love watching the content. This app will be the push for me to use videos games as a second income. I would easily pay 50 a mouth just to use it.
Honestly... I think your price point is way too high. You're basically pricing out most of the smaller resellers imo. Possiblly a $7.99 - $9.99 monthly would be better or just offer a yearly subscription at $99.99 with the option to have a portion or all refunded after hitting certain sellers goals. If you begin to have issues with scammers that send in subpar items on multiple occasions, just black list their address from future transactions. For example, if someone was selling to you on average $120 worth of good product, they wouldn't meet the $250 criteria for any free months and thus end up spending $600 yearly. $100 - $120 a year is a more approachable entry point and will hopefully even out monthly revenue with a higher volume of paid users compared to having less paid users at a higher price point while still keeping out potential scammers. Just a few thoughts, Good luck.
You are so condescending! The reason you have "hater hanks" is because you built a youtube channel off the backs of collectors and then you talk down on them when they critique you. My bias: I am a reseller, I do not collect video games, I barely play video games.
Ultimately you know how your business and industry operates better than most ppl since your the one been growing it this far Imo I think you could really play with the tier a bit more Collector - Free and really focus on collection tracking and portfolio aspects of the app (these will potentially be your future customers) The Yard sale filler - $2.99 /month, gives you access to the price checker analytics so you can check up the price of games etc The Hobby Reseller - 9.99/month more analytic details and access to the buying list but they can only submit upto $x value or X amount of games per month, so they have to be selective with it Full Time Flipper - 14.99/month. Access to everything below and the ability to submit 100 items per month Flipper pro- $24.99/month. Full access, unlimited submitions and credit back to cover monthly sub fee.
![Wolfram Physics Project: Working Session Wednesday, Apr. 29, 2020 [Finding Black Hole Structures]](/img/n.gif)
"I care about pleasing the masses the least."
Trust me buddy, we know.
Resellers charging resellers to resale games to resale.
resellception
I want to see a video of you reacting towards all these honest comments in your comment section. That would be GREAT CONTENT!
"Please the masses" should go up a tier. That is how you gain users. Your marketing company should have told you that man. Do want to grow or stay stagnant? Almost as important as your "Please our Partners".
His true colors are showing
Completely agree with this comment. Would have made my if not for yours.
He is making us his employees and we paying him to do it. 😮
Possible Solution: You offer better prices for those who pay the subscription. And if you use the free version you get low ball prices.
What If He Made it free After Paying the First 12 Months.
hahahahahahahaha
Like GameStop with the pro rewards.
Congratulations, you are now Gamestop. When can I get my $5 a month coupon and magazine subscription.
Just as scummy too! And he doesn't even have overhead. He only has to pay one employee. Too funny.
So strange that you dismiss the "masses" as unimportant throughout this video. I thought this was a price checking app to rival other services out there?
Now it just seems like you've spent $100k to create a way for your "partners" to more easily access your buy list, when there were a thousand ways to do that already that didn't cost six figures.
Sure you'll just label me a "hater Hank" but seriously, what is the actual point of this app beyond being able to see your "buy list"?
Wait, and im not being mean here. I’m just now realizing that the whole point of the app is to send games ONLY to him. I don’t get what’s the point of seeing prices on eBay and Amazon if you can’t send stuff to them straight from the app I’m assuming. It makes price checking easier yes but like in reality there’s really no point to having those price comparison in this app
Yeah basically
And it also makes no sense in financial terms cause if he’s expecting more business then chances are him and his one employee won’t be enough to keep up with influx of items and so therefore he might need to hire someone else to help process and someone else for customer care as well, on top of what it costs to run the app. I think his monthly debt would be too much to make any profit, he’s going to need to crank out a lot of UA-cam videos to invest back into the business. Idk man
I don't see why you can't just have your buy list partners have a registered login. And vet any new partners with eBay Mercari links etc
I've sent in twice using the buy list. I send stuff in when I get enough, I likely wouldn't be able to generate $250 a month in sales. The only premium feature I would want is the buy list. I'd love to see an a cheaper option where I could pay to just use the buy list personally. I think for bigger resellers the $25-$50 price point is very fair, but for smaller resellers it cuts into profits a bit more.
Yeah I'm thinking the Buy List / Quick flips feature should be a vetted featured rather than a paid feature. So go through the same "application process" you have now and then just enable that feature for the user whether they're using the paid or free tier.
i really wonder how easy mode life must be at this level of delusion
not so sure trying to move your current wholesalers from the current method of transactions towards an app they may potentially have to pay for is such a great idea.
The buy list is already free. How does making it free in the app as well, now invite scammers?
It's just another way for him to make money off the people that send him games.
Someone did not watch his previous video.......
Because you have to apply to be on the buy list and submit proof of prior sales? IE -- you can't be a 13 year old kid and shove 20 games in a shoe box and send it off using the buy list.
@@stevedileo5305 and so there'd be no applying through the app?
I don’t think you need to worry about competition. It’s obvious this apps main aim is for people to send you games…. Nobody else would invest 100k in an app to do that 😂😂
This is what I said in the last video, the app is just a back door method for him to get inventory. This thing is going to be DOA.
What do you mean the “main aim?” He said in a previous video the app would be dead if he can’t get those Amazon and EBay APIs for price comparison.
Yeah. Nah
I’m in more at $20, at least until I see how I use it and if enough is there to warrant the cost.
Good lord.
Indeed..
This is definitely a very interesting topic when creating an app! I love seeing your thought process throughout this whole thing
Just for reference, comparing fees on ebay vs the subscription cost of 1up isn't really an apples to apples comparison, as on 1up you are selling for a tad less than you'd get on ebay in order to leave a margin for you guys. Overall, I don't think the $50 price point is going to be a consideration for the reseller businesses that are generating like 6 figures a year and such. But if your goal is to get small part time resellers selling to you, the $50 cost is high. Kind of just going to depend what you prefer, a handful of big businesses selling you tons of stuff for a higher sub cost, or a bunch of small businesses selling you small amounts of stuff for a low sub cost (you still get to keep the big businesses but now there's more headache and variable with tons more people selling to you).
Couldn’t agree more the comparison at the end of fees vs app cost is just not the same. Also at $50 a month this is definitely more suited to full time resellers vs part time resellers.
I agree and just made a similar comment (too high for smaller guys)
I sell DVDs on Amazon as a side hustle, so I’m always around video games… I just don’t sell video games there.
I think Caleb’s bread and butter (over time) woul be smaller (possibly even as low as 50-100$/mon) resellers if I was wanted as someone to sell to him.
indeed.
it'll be a little hard even for full-time sellers who deal with multiple categories, but do deal in video games (on a smaller scale). but maybe that's where his focus is. a very niche/smaller audience market at first.
Not finished yet. But there is a logical error. The only people that will pay a subscription are people who sell a lot to you. But if the people who sell a lot to you get it for free, then you wouldn't be making any money...
Advance on this... If you're looping around to giving it to your business customers for free then what was the point in doing all this? You would have to add bullshit to it
It seems like you would be charging me a fee to wholesale items to you.
I could be looking at it incorrectly, but the buy list isn't just a benefit to the partner. It's a benefit to you.
I resell different products, so the perspective may differ in the video game world.
Correct
Low key I’m still going to check eBay for what something recently sold for. It’s the standard.
You can take this with a grain of salt as I do not buy and sell video games, but I do know what I would think if I did.
What I think you're going to wind up with is this: you will have your "regulars" that never have to pay for the app as they do enough business with you... and that's it long term. Some people will try it out for a month or two, but will cancel. Why? Because 99% of people that buy and sell, probably do it as a Hobby. They spend maybe a day a week hitting yard sales and such and MAYBE they'll have a couple hundred worth of video games to sell.
Do you think these people are going to spend $25-$50-$100+ per month? God no. That's the difference between them making money and not making money.
I don't meant to be harsh, but I FIRMLY believe that if you want this to be successful you need to go with the assumption that the $100k+ investment was just a "sunk cost". Your goal should be to get as many people using it as possible. I'd say that it'd be appropriate for a ONE TIME fee of $10 to get the app would be enough to get rid of any scammers but get enough usage. Your app is going to be a money loser, the goal is to make it up with additional sales.
Incredibly insightful point.
On top of that, I could see that if this is how it went, he might make his regulars pay still; which likely would drive them away and lose him business. Fundamentally what this is doing is making people have to pay money to sell to him; when there are other businesses that don't have a paywall to sell to this is a losing strategy in the long term.
100% correct. I would have to source video games for 2-3 months before it’d be worth paying $50 to make $200.
This needs to be a service that allows you to sell $20-50 worth of stuff monthly. I firmly believe (to use your word lol) his bread and butter will be hobby sellers and weekend warriors.
We have to charge you for the pleasure of doing buisness with us? Does RetroRick charge a admission at the door ? hope you go broke phoenix resale!! 5lotham GET'EM!
Obviously Retro Rick doesn't charge an admission, however he is probably going to offer less money since he has higher operating costs
You hope someone goes broke? That seems a little excessive
I like the 4th Idea 👍👍👍
I hope you get the eBay numbers. That and the buy list would be most important.
Can you just do an application process to become a "partner" so you can do paid for access OR apply for access? Would probably check off all the boxes and save you hassle of partners that may not want to pay even the initial month.
He has like 450k subscribers across both channels. Even if only 1% of those people send an application in, that's almost 5k applications that need to be manually reviewed by a business that has like 2 employees 😂.
And it would be kinda hard to automate that review process without running the risk of a certain amount of bad applications squeezing by undetected. So, if each review took only 5 minutes to process manually with 5k applications to get through, that's around 417 hours of work. 😅
I think 1% is the realistic number, and probably a high estimate for number of people who would apply. I think you could automate it to where you eliminate most applicants based on answers they provide. It would filter to you just a handful and he already has his current partners who he'd be able to add himself that wouldn't need to apply. Feel like you're doubting how much could be automated in that and the number of actual applicants. The paid option is there also the application is only for those businesses (maybe some high end resellers) that do not want that extra barrier to entry for what is a B2B transaction helping both (why would I need to pay to help you type of thing).
@TheMoneyMasteryHub If those application questions are like a multiple choice format (otherwise, how else would it be automated), then I could see how easy it would be for applicants to just straight-up lie. Manual review is by far the safest and most secure way to prevent people with bad intentions, making it through.
And in all fairness, there probably is no solution in Calebs mind where the quickflips feature is heavily discounted or free from the start unless you were already a partner before. Outside of him "pleasing the partners" it would only make sense the next most important goal is recouping the investment cost. He already stated that the "masses" are not really a priority. This app is heavily focused on benefiting his business first. Which is fine he spent 6 figures, and I wouldn't expect less.
This seems like a much better pay system to me. I would only use the free version to list out my collection. I would also hope there is a way to export the info as well :)
However, if I was trying to resell then this seems reasonable. I really like the idea of getting free months based on the amount they sell to you. I would also cap the number of free months someone can get from one transaction as well. That could encourage repeat business and prevent scammers from trying to eat the cost of one month to sell a bunch of stuff that is a majority unusable.
The app itself will not make any money. It's either businesses consistently using it & getting freemium months or users trying it out & getting a refund or turning into consistent freemium users. The buy list needs to make you alot of money, but if you recieve too much stuff that you are paying too close to market value for, that'll eat into your time & costs if you get more staff due to low profit margins & alot of volume.
Hopefully I'm wrong though, just my thoughts on it
You still vet people that apply to get access to the buy list. They apply…you approve…you give them a username and password. That pleases your business partners and it keeps out scammers.
But the current buy list doesn’t stroke his ego quite like spending $100k on an app.
I am ready for the Beta version!
Seems like Ebay and Amazon was 90% of the App, without eBay I wouldn't of even made the app
90% of the app are apps that already exist for free 😂 Who in their right mind is spending $600 a year on this beats me
I know previously you mentioned how you liked that Accelerlist offers a lifetime deal. Is that something you've thought about offering?
Accelerlist did away with that because they realised too much money was being left on the table. It's all about greed now. Do nothing but still get more money for it.
Seems like it turned more into for buy list. I would specify more what you get for the 25.00 so you can get more members to recoup debt besides just being able to sell you something! Good luck man.
Amazon charges him to sell on their platform, now he plans to charge you to sell to him. I don’t even need to make more videos on Phoenix Resale, he’s gonna destroy his own channel 😂
It's not like anyone watches your videos anyway 🤣
That might have been the case a year ago but not anymore :p @@snakeplissken5969
But you will because Caleb is your cash cow
@@CrawlingPanther We’ll see bud.
@@snakeplissken5969Alot of people watch him..
IMHO you have solved the paradox of price. Legacy users enjoys a flat lifetime cost and new users bear the increased price as the App enlarges is perfectly fair. I am still not paying quarterly charges for an app I subscribed too 10 years ago. If you were to subscribe to it today it would cost you 5 times as much as I paid as new user. Seeing that the cost of entry reinforces my brilliant and timely adoption choice way back when. Kind of a value reinforcement kicker for your legacy users. Also a barrier to entry for competitors. Competitors will price off of your evolving new user price and your first users won't be interested maybe. Unless the competitor has solved problems in your App you've been unable to by then. It's a delight to listen to you and your reasoning on both channels. Thanks for posting this video.
What about a flat price & no subscription?
When is the app releasing? 🤔
You could always go the paid model and send your partners a code for a free subscription
Can someone explain what this "buy list" is or who these "partners" are?
Why wouldn’t most sellers get gated on Amazon and sell direct to them??
In my situation, this is still not good. I've been working with you for a few months now, but I cannot really be sure that I'll have a good amount of stuff every month, sometimes I just don't have time to source enough.
12:07 I think I'm just not "that kind of customer". Thanks for the reminder 😅
Sorry dude, you gotta pay to play. His buy list has a membership cost now.
Hmm this seems like this app is now made to help your business. This doesn’t help other people with their collection and sale but just to send you games. I am not sure about this. I would pay a one time fee to get a price of a game on multiple platforms.
Wheres the one time fee row? Subscription would be to target profit IMO whereas the one time fee would be more to "recoup" dev costs
Getting Excited for this! Can't wait to check it out
You’re focusing too much on stuff in the app that is already done by other apps and done better.
All you care about is making money, so you should have just made a Quick Flips app. You don’t care about collecting and honestly collectors don’t care about you so this app should’ve been about your business and what you really care about. Then you could’ve just charged for the app or whatever…this discussion on price wouldn’t have been needed.
I would think about offering a discount for a year subscription instead of monthly. Monthly $49.99 per month and if you buy a year subscription $39.99 per month or something like that. Someone that buys a year at a time. You know will be doing business with you on a regular basis so they will get a discount.
I think you have put a tremendous amount of thought into this and have a great idea. You are taking care of your best customers and keeping the scammers out. I've been reselling a long time and truly appreciate and respect everything you are both sharing and doing here! I wish you lots of success in your business venture!
A couple of thoughts for you to take or leave. Couldn't you use a volume pricing model? Essentially, the more that someone sells through the app, the greater the discount applied. Eventually, if they are selling so much that they are valued customers, then they are not paying anything. Another challenge here is that you are trying to serve two customer types with the one tool - the everyday reseller, and your B2B customers. If the goal is to create an easier way for you to gain access to more B2B customers, and make it easier for them to transact - then design it for that purpose. If the idea is to build a price rationalisation tool for the everyday reseller, then design it for that (perhaps looking at how to use the data collected to undertake more responsive price arbitraging). Trying to kill two birds with one stone will increase the business complexity and potentially yield a product which doesn't work for either customer group. To use your own idea - do less better.
No eBay is a bummer perhaps add something else in its place consolidated data has immense value perhaps data from estarland. On the user only side places to buy and complete collection’s with prices would be cool.
If your only paying what you would get from ebay after fees you cant say you are only paying $50 to go through your buy list instead of paying there fees because you still would only get what you would earn on ebay plus your now paying $50.
If you cant get ebay id reccomend Mercari
Great ideas man!
When will the app release excited
Smart change
While I do see the value in it for your business. I have to agree with others that those doing consistent sales to you via the buylist will not be money makers as they will be getting free months. I don't see you ever recouping your costs with this business model. But prove me wrong.
Just do it free. Seek ad space and everyone information to those ad companies. That's the infinite money glitch.
Also if twitter has taught me anything it's that's a paid subscription doesn't keep out bots and scammers
Can I throw out a great idea for everything’s free. I just do local sales mostly on Facebook but would love to venture out into eBay and Amazon and also send games to you. That’s all.
I would be happy seeing it at like $12 monthly or $120 for yearly sub
I think partners would be happy paying for an app that saves them a ton of time over the paper version of the buylist.
I see you still haven't seen the blow back.. this app is DoA my guy.
Bro. He made these videos months ago lol
I can't wait to see the dislike ratio when I get back on my computer
For all the time, effort and money you have invested in this venture, I really hope it works out for you. Good luck to you Caleb
Free + Paid + sounds about right...
Your going to have to really promote your app. Because nobody will find this app without advertising perhaps at conventions etc...
I can’t wait for this app! I don’t flip videos I only collect but I love watching the content. This app will be the push for me to use videos games as a second income. I would easily pay 50 a mouth just to use it.
The profit margin is most certainly there even at a $25 price point per month. You are brave and I respect your entrepreneurial passion. Great Job!
You are making a lot of dangerous assumptions here Caleb. I really hope this works out for you 🤞
I remember when you used to go out and about buying things in shops instead of giving us business lectures. Ahhhhh the days of yore
🙏
Your on the wrong channel lad, that is the main object of this channel lol
***correction to my own response; you’re
Caleb, you’ve already figured out the pricing! Stop teasing us!
I can’t wait for this app, it will definitely help boost my business!
spanky this you?
Honestly... I think your price point is way too high. You're basically pricing out most of the smaller resellers imo.
Possiblly a $7.99 - $9.99 monthly would be better or just offer a yearly subscription at $99.99 with the option to have a portion or all refunded after hitting certain sellers goals.
If you begin to have issues with scammers that send in subpar items on multiple occasions, just black list their address from future transactions.
For example, if someone was selling to you on average $120 worth of good product, they wouldn't meet the $250 criteria for any free months and thus end up spending $600 yearly. $100 - $120 a year is a more approachable entry point and will hopefully even out monthly revenue with a higher volume of paid users compared to having less paid users at a higher price point while still keeping out potential scammers.
Just a few thoughts, Good luck.
lol
Is anyone else tired of hearing about this damn app?
I love the app videos and the business behind it. I also enjoy all the people who complain about it, it makes for a good lol.
OMG PLEASE MAKE A VIDEO THAT ISNT ABOUT THIS APP
Consider the masses satisfied
Your app is a joke and a waste of money. You call them haters , i call them honest hanks
No, just no.
You're making me pay you to sell you some old shitty games?
You are so condescending! The reason you have "hater hanks" is because you built a youtube channel off the backs of collectors and then you talk down on them when they critique you. My bias: I am a reseller, I do not collect video games, I barely play video games.
Nobody wants this content....
Ultimately you know how your business and industry operates better than most ppl since your the one been growing it this far
Imo I think you could really play with the tier a bit more
Collector - Free and really focus on collection tracking and portfolio aspects of the app (these will potentially be your future customers)
The Yard sale filler - $2.99 /month, gives you access to the price checker analytics so you can check up the price of games etc
The Hobby Reseller - 9.99/month more analytic details and access to the buying list but they can only submit upto $x value or X amount of games per month, so they have to be selective with it
Full Time Flipper - 14.99/month. Access to everything below and the ability to submit 100 items per month
Flipper pro- $24.99/month. Full access, unlimited submitions and credit back to cover monthly sub fee.