Quote:
Originally Posted by edhans
This business model is still unclear to me. Is the slot price going to be based on cost, cost plus markup, or "retail" value of the individual cards? If the former, why would anyone lay out $4-8K for a set with virtually no return? If the latter, wouldn't customers be vastly better off in the long run simply assembling their own set by buying in groups and at widely available discounts off single cards?
Also, I don't see the need for any "disclosure". Assuming it's legal, it's just another business venture. Leon and Nick should just set a slot price based on whatever criteria they deem appropriate. If they're able to find enough weak-minded customers who are amused by this chicanery, they should make some money on it. And there's no reason the profits need to be donated to an animal shelter, no matter how much Leon loves dogs. It's no different, really, than bingo, slot machines or roulette. If these activities stimulate you, have fun with it.
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In my mind, and if I am sponsoring it, the cost per ticket will be figured starting with the true cost of the set to be "raffled". As an example if it were a $1000 set and there were 50 cards, the cost of the cards would be $20 each. Then there would be a 10% markup making it $22 per card. Then we would only add true, hard expenses on top of that. I would guess another dollar a card. So each card would cost $23. Therefore $1 would go to Nick for running the whole thing and doing all of the work, $1 would go to me for putting out the money and running the board (and I will still donate all of my proceeds as I said) and $1 for expenses......paypal etc.....then also, we would need to add exact shipping to each shipment. But that is it. Not rocket science. And anything short of something like this scenario and I wouldn't be in favor of doing it. As for chicanery, I don't know about that, but it is a form of lottery I guess. And "weak minded" is a bit strong too but I sort of agree about gambling in general. I have done it a dozen times or so and always have a 100-200 limit per day. I get enjoyment from it when I do it and don't stress. It can be fun. Honestly, these group breaks are not something I would generally join in, as buying into and playing. They just aren't my cup 'o tea, but I know some folks really like them.
I should add, this isn't another business venture to me. It is a way to get more people involved on the board. If it were a business venture I would want to make money
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