Questions to CEO, Kwame Kuadey, Giftcardrescue.com 1. how did you decide on your line of descent model (how you actually distil in money?) -we argon in business to forgather a human need. I saw through friends who treasured to watch value from their unused cards. What we do is match finish offline train with online lend in the gift card industry. 2. whats your competitive good? This is a 10 billion dollar industry so we argon finding differentiation through building to a greater extent well-off ways to reach our nodes- by working with legal document shops, go services like the bundling of cards Weve seen an improver in customer base in the last 3 years. developing from 2009 to 2010 of 40% and we expect growth of 100% in 2011. We dumbfound 50,000 customers as of now Technology is the main fomite for the business- an online company with an offline mental capacity 3. where do you see the business in 3 years? With increased distribution carry to more specialized markets. 4. what is your profit margin per customer? 12-17.5% depending on the mix of cards (how oft discounting). 5. the giftcard exchange market is fill up with other competitors- what strategy are you using to stay in the clear 10% of the industry?
-new distribution channel for college students & ampere; women -scanning the bar code into the mold in future You cannot change everything- we are also merchandising trust. Credibility is very all important(p) in this business -low barriers to entry-tight operations; managing impostor; risk-controls; profiling of great d eal likely to commit fraud; customer service! ; moldable jungle a competitor- to a fault much customer complaintswe try to stay on top of the competition by providing quality service. Nation- blanket(a)- 6 staff members- and we run short a 9 to 5 customer. Newsletter for 75% of customers that pass off back for serviceIf you want to get a wide essay, order it on our website: OrderCustomPaper.com
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