In the end I am selling ad space for coupons. Yes this actually makes money. Clients actually buy space in newspapers and websites to put money saving discounts which actually lower the costs of their products to attract customers.
But when I start talking to local restaurants and stores and say you need to pay me to make you a Clickboard and pay for the space on the websites it will be posted, and make some sort of discount for the customer (and rent the portable receipt printing machine); well that begins to sound like a long shot.
The machines I will probably have to give to them, or like in the conversation I had last night, find a way to get rid of them and use something else. Not only that try to find a way to get rid of the card. Yes I want to do this, but the fact remains that although most stores already have their static discount cards for themselves, their cards don’t do what mine do; connect ads on the Internet to the users purchase.
So my model is probably not going to make money, at least not enough to pay for the machines. And that is a big thing to think about. How much online advertising can I give to a store that purchases the machine. $400 dollars is quite a lot of advertising and also quite a big sale to sell to a small restaurant or store. Although the machines are an easy way to prove my model works. I need a simpler method. Without the machine I’m afraid my idea is still long in advance.
Next option: create apps for phones that could bluetooth information to store computers and give the stores the software to run in the background. Paperless transactions would be nice, but small shop owners may be wary of this type of coupon redemption.
So now, do I prove the model works, or do I proceed to the next step?
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