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Message: RE: Also important from todays news, / daystar71/Again, have to disagree

RE: Also important from todays news, / daystar71/Again, have to disagree

posted on Feb 27, 2006 01:29PM

I hope someone has kept by posts from a while back which explained EDig`s ``business plan`` Unfortunately I did not save my own post so I will have to explain, as best I can, what the ``financing partner is and means in relationship to EDigs business plan``

First of all EDig is trying to create a ``closed end`` business plan which means retail of any sort is a ``no no``.

It is designed to be menu driven by the customer. Instead of purchasing a product ``off the shelf`` and having to take what you get, the customer orders what it wants loaded on the evu. The customer will also do the refreshing of the content it had ordered, when necessary. No EDig personal will have to hired to perform those tasks.

When EDig gets an order from a custormer all the customer info is turned over to the ``FINANCING PARTNER`` who then completes the transaction, much like applying for a loan. The customer then makes monthly payments to the ``financing partner`` and the financing partner pays EDig....Win...Win...They both make money....

The ``FINANCING PARTNER IS NOT A SUGAR DADDY THAT DOLES OUT MONEY TO EDIG TO STAY IN BUSINESS``. The closest I can come to explaining it is the financing partner is like a credit company that handles EDig`s outstandings. It, not EDig collects the funds, takes it cut and delivers the remainder to EDig. EDig hires no accounting firm nor any accounting section will be necessary within EDig, at least at this stage. If success occurs of course more people in all departments will be necessay.

This entire set-up allows a potential customer to purchase the evu`s with monthly payments, not having to lay out large sums to purchase the unit outright. However purchasing outright is also part of the plan.

My impression in my conversations with WB was the units were TO BE RENTED AND NOT SOLD. Thus allowing a constant stream of unending revenue, or at least as long as the customer kept the unit. However I may have been mistaken in my prior report because I now know the evu`s will be sold also.

This also creates a situation where EDig does not have to lay out enormous sums, which they don`t have, to manufacture units for delivery to a customer.

When the financing partner approves the deal with the customer EDig will get the funds to supply the units...

There is a lot more to this but the meat is what I have stated above. This allows EDig, in effect, to stay exactly the way it is right now but make a few ``green`` bucks.

EDig does not supply any upfront monies. Does not to have sums to manufacture a product. Does not have to hire any new people for accounting, perhaps one or two just to open the mail and check off the funds received. Does not have to supply people to the customer for content refreshment. The ``FINANCING PARTNER`` accepts the customer and its order for credit worthiness and tells EDig to send the product. EDig, in effect, has very little to do that costs it operating money. A great set-up if you can pull it off. All we have to do is SELL SOMETHING....

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