Hi Yabapmatt,
The business model is designed to receive 7.5% commission on every transaction. Insertion fees and advertisement fees are expected to also accumulate.
The $1 mil in total transaction is projected to take 6 months and the $5 Mil milestone thereafter could be faster given that slope of growth usually accelerates. The key is to sustain it and with effective visibility campaigns, bare bone costs, we’re confident in hitting the milestones.
Our business model is ebay. The site will have fixed price and auction transactions. There will be near zero learning curve in how to use the dStors online site. Our buyer and seller base will not be limited to Steem and WLS communities but outside population too. dStors will accept STEEM/SBD/Visa/Paypal.
We are finalizing a go to market strategy along with deep reaching marketing efforts. We have a reliance of business expertise that spans 25 years in product launches, sales and business strategies, finance and startups. More to come!!
I love the fact that your goal is centered around profit. I think that money and tokens are ultimately methods for measuring the value of products and services.
I think you are correct in publishing an ICO after you have been running the store. The best tokens are the ones that work around workable products/services.
I look forward to seeing more of this project and will definitely participate. I am now following you.
I don’t understand how this is profitable. Isn’t the “profit” just coming from producing tokens when people buy or sell from a store built on the dstors platform? How is that any different than how steem works?
Hey Yallapapi,
dStors will receive 7.5% commission from every transaction. Insertion fees along with advertising fees will also accumulate. please take a look at the White Paper details on: www.dstors.com
I reserve the right to adjust, change and improve anything about @dstors - you obviously haven't read the whitepaper where it talks about rates between 3 to 7.5% depending on various factors. A lot of factors, actually. Only the seller pays, never the buyer. High volume and dollar amount sellers will get discounted fee schedule on a sliding scale. The fee will be collected upon transaction completion.
If this is what you call competitive, then I'm happy to tell you that we will wipe the floor with those guys. In short: I'm sure.
I don't think that's correct, at least in the USA:
Ebay has $500 Mil per month in profit. That means a total of more than $5 Bil in transactions every month. They can't make $500 mil per month at a capped $50 fee. Look at their cash flow....not possible with a $50 cap on fees.
For dStors, fees wouldn't scale of course if it was a single $1 Mil transaction. However, the composition of MOST transactions are expected to be mostly in the range from $125 to $650. In this scale, $1 Mil total transaction made up of the average price items would scale accordingly.
But here is the differentiator. On eBay, what do the seller and buyer get after the transaction? Nothing but the transaction completion. dStors will raise the value ceiling by rewarding buyers and sellers with STORS tokens that can be spent for upvotes from dSTORS voting bots on either the Steemit or Whaleshares sites. Or, the STORS token can be sold on the Bitshares exchange for FIAT or BTS or any other cryptocurrency. Or they can hold STORS tokens as convertible options to the ICO tokens.
Looking at the charges by the e-commerce giant Amazon, @dstors potential charges seems fair enough.
This is on Amazon
$39.99 a month + other selling fees, which includes referral fee ranges from 6% to 20% of a product selling price, and shipping orders are to be paid by the seller.
Is it only dstor tokens that we receive for delegation? A once off payment seems a bit cheap for 500sp. I’d prefer to see some ongoing passive income for my support of your project.
I love what you are doing, and will most likely become a seller. But I’m looking for long term passive income streams for my SP.
Actually, as the White Paper says, STORS payment is renewed every 6 months. So, you'll receive the payment also beginning on month four, 5 and 6 for the first 50% and the remaining 50% will be paid out on 1st day of 7th month. IF you want to delegate for another 6 months, the STORS payment renews.
Please note that Buyers NEVER pay any fees. ALL fees are paid by sellers.
The first 20 items or so will be free; but beyond that will have moderate fees.
The first 3 images of the product will be free, but beyond that, insertion fees will apply.
I like the concept of Profit and that's how most of the Businesses in the world works. This was lacking here at steemblock chain and if this concept drills down here as well then it's going to be a win win situation for everyone of us. Best wishes.
This is a really lofty goal! Do you have a plan for how to reach that high level of transaction volume?
Posted using Steeve, an AI-powered Steem interface
Hi Yabapmatt,
The business model is designed to receive 7.5% commission on every transaction. Insertion fees and advertisement fees are expected to also accumulate.
The $1 mil in total transaction is projected to take 6 months and the $5 Mil milestone thereafter could be faster given that slope of growth usually accelerates. The key is to sustain it and with effective visibility campaigns, bare bone costs, we’re confident in hitting the milestones.
Our business model is ebay. The site will have fixed price and auction transactions. There will be near zero learning curve in how to use the dStors online site. Our buyer and seller base will not be limited to Steem and WLS communities but outside population too. dStors will accept STEEM/SBD/Visa/Paypal.
We are finalizing a go to market strategy along with deep reaching marketing efforts. We have a reliance of business expertise that spans 25 years in product launches, sales and business strategies, finance and startups. More to come!!
You are always making great vlog.i always follow your vlog sir @dstors
Posted using Partiko Android
Sir @dstors its for your dalegation hunt and whitepaper promotion post.. Check it
https://steemit.com/dstors/@ahmanik/delagation-dstors-and-take-potential-feedback-stors-for-your-upcoming-projects-dstors-whitepaper-vz4kmqlv
Posted using Partiko Android
Glad you have your eye on this @yabapmatt. @kaliju is in South Korea, of all places for it to happen, that would be one of the places.
Posted using Partiko Android
Two things:
I love the fact that your goal is centered around profit. I think that money and tokens are ultimately methods for measuring the value of products and services.
I think you are correct in publishing an ICO after you have been running the store. The best tokens are the ones that work around workable products/services.
I look forward to seeing more of this project and will definitely participate. I am now following you.
I don’t understand how this is profitable. Isn’t the “profit” just coming from producing tokens when people buy or sell from a store built on the dstors platform? How is that any different than how steem works?
Hey Yallapapi,
dStors will receive 7.5% commission from every transaction. Insertion fees along with advertising fees will also accumulate. please take a look at the White Paper details on: www.dstors.com
PS: I sent you a steemchat!
7.5% comission is quite high. Are you sure you can offer competitive prices both for seller and buyer if the STORS token scheme were to be ignored?
I reserve the right to adjust, change and improve anything about @dstors - you obviously haven't read the whitepaper where it talks about rates between 3 to 7.5% depending on various factors. A lot of factors, actually. Only the seller pays, never the buyer. High volume and dollar amount sellers will get discounted fee schedule on a sliding scale. The fee will be collected upon transaction completion.
If this is what you call competitive, then I'm happy to tell you that we will wipe the floor with those guys. In short: I'm sure.
Hi @ucukertz,
Not sure if your comment is impression based or data derived. Our 7.5% is data derived from the competitive landscape.
Also, very important, please note that Buyers always pay ZERO fees. The fees are all on the seller side.
Keep in mind also that on eBay for example the commission is 9% but tops out at $50. It doesn’t scale indefinitely
I don't think that's correct, at least in the USA:
Ebay has $500 Mil per month in profit. That means a total of more than $5 Bil in transactions every month. They can't make $500 mil per month at a capped $50 fee. Look at their cash flow....not possible with a $50 cap on fees.
For dStors, fees wouldn't scale of course if it was a single $1 Mil transaction. However, the composition of MOST transactions are expected to be mostly in the range from $125 to $650. In this scale, $1 Mil total transaction made up of the average price items would scale accordingly.
But here is the differentiator. On eBay, what do the seller and buyer get after the transaction? Nothing but the transaction completion. dStors will raise the value ceiling by rewarding buyers and sellers with STORS tokens that can be spent for upvotes from dSTORS voting bots on either the Steemit or Whaleshares sites. Or, the STORS token can be sold on the Bitshares exchange for FIAT or BTS or any other cryptocurrency. Or they can hold STORS tokens as convertible options to the ICO tokens.
Makes sense. To be fair I only did one little google search. Looks good though!
Looking at the charges by the e-commerce giant Amazon, @dstors potential charges seems fair enough.
This is on Amazon
$39.99 a month + other selling fees, which includes referral fee ranges from 6% to 20% of a product selling price, and shipping orders are to be paid by the seller.
Posted using Partiko Android
I'm in for 500. Resteemed.
Is it only dstor tokens that we receive for delegation? A once off payment seems a bit cheap for 500sp. I’d prefer to see some ongoing passive income for my support of your project.
I love what you are doing, and will most likely become a seller. But I’m looking for long term passive income streams for my SP.
Actually, as the White Paper says, STORS payment is renewed every 6 months. So, you'll receive the payment also beginning on month four, 5 and 6 for the first 50% and the remaining 50% will be paid out on 1st day of 7th month. IF you want to delegate for another 6 months, the STORS payment renews.
So, yes, it is passive accrual.
i appreciate that there will be STEEM/SBD/Visa/Paypal. just the minimum SP delegation might be a challenge for now.
Why would you charge someone for listing a product?
Why not take your fee on every sale that occurs?
Posted using Partiko Android
Please note that Buyers NEVER pay any fees. ALL fees are paid by sellers.
The first 20 items or so will be free; but beyond that will have moderate fees.
The first 3 images of the product will be free, but beyond that, insertion fees will apply.
Yes like other online stores do, charge a certain amount of fee from the sellers on their sales.
Posted using Partiko Android
I just delegated 500. I want to see a marketplace of Steem where we can buy and trade around the world.
Thanks for the support @mineopoly! True Seoulian.
Incredible post! Excited to be part of the @dstors movement. Onward and upward 🙌🏻
Posted using Partiko iOS
I like the concept of Profit and that's how most of the Businesses in the world works. This was lacking here at steemblock chain and if this concept drills down here as well then it's going to be a win win situation for everyone of us. Best wishes.