EZEEPEEZE.co, time to spill the beans.

[saxondale]

one person buys an xbox for £100, 99 people do a charge back the next day, you still paid more than you`ve taken or made in interest.

havce you modelled how many can withdraw their money on which day to still make a "profit"


thats the problem with pure maths - its only theory.

 

[joiner]

PS; you are in a dream land with this idea- you have convinced yourself 100% it seems that this idea will make you millions of pounds yet everyone else can see quite clearly that the idea will not work.

 

[m4ttch4tt]

I still don't see why on earth you would go to the trouble of doing all this, if you can get an xbox for £100.

If you can undercut ebay sellers, do it. The interest on £5050 in 7 days (forgetting that most of the 'bids' will be less than 7 days worth of interest, and that a merchant account isn't going to transfer money to you immediately) will be less than £10, even at a 10% annual rate of interest, compounded daily.

Yes, on one listing it would be a waste of time and effort, but I'm not just selling xbox's alone, there is a product inventory of around 140 products and if each one of these has a potential to average £5k and I stock 100 of each for arguments sake I can potentially accumulate (140 x 100 = 14000 x 5000 = £70,000,000. I know thats best case scenario, but cut that in half and we are still on an earner. That is also not accounting for paid advertising that would equate to a lot for such a high traffic site.

You get me?

 

[joiner]

one person buys an xbox for £100, 99 people do a charge back the next day, you still paid more than you`ve taken or made in interest.

havce you modelled how many can withdraw their money on which day to still make a "profit"


thats the problem with pure maths - its only theory.

This idea also reminded to me of the mathmatical business model of pyramid selling i.e if 1 goes to 2 and 2 goes to 4 and 4 gos to 8 etc etc...before long you are at £150,000,000...

 

[m4ttch4tt]

one person buys an xbox for £100, 99 people do a charge back the next day, you still paid more than you`ve taken or made in interest.

havce you modelled how many can withdraw their money on which day to still make a "profit"


thats the problem with pure maths - its only theory.

Why would 99 people charge back?
You must have grabbed the wrong end of the stick, explain your theory and I will try to explain where you have strayed.

 

[Drpepper]

Yes, on one listing it would be a waste of time and effort, but I'm not just selling xbox's alone, there is a product inventory of around 140 products and if each one of these has a potential to average £5k and I stock 100 of each for arguments sake I can potentially accumulate (140 x 100 = 14000 x 5000 = £70,000,000. I know thats best case scenario, but cut that in half and we are still on an earner. That is also not accounting for paid advertising that would equate to a lot for such a high traffic site.

You get me?

Or 14,000 people, 140 items sold, 13,860 refunds the same day and now what have you made????

 

[Drpepper]

Why would 99 people charge back?
You must have grabbed the wrong end of the stick, explain your theory and I will try to explain where you have strayed.

Because they didn't win the item at their bid price and have moved back to ebay to spend that money!

 

[Parthelan]

Or 14,000 people, 140 items sold, 13,860 refunds the same day and now what have you made????

13,860 very p1ssed off people who wont touch the thing again, given the faffing about and agro???

 

[saxondale]

Why would 99 people charge back?
You must have grabbed the wrong end of the stick, explain your theory and I will try to explain where you have strayed.

because, I thought it was an auction, it looks like an auction and you used the word auction several times in the site.


but I dont want to pay £100, I want to bid again from £1 so I chargeback as your site rules say I can.




sorry mate, it was a dumb idea when you wouldn`t tell us what it was, I hope you havn`t spent any money on it since.

 

[akirk]

They cannot lose! It's impossible.

Their money that is paid into an auction stays on that auction until they either reach the target price or click refund that auction along with every other auction is linked to a central client account accumulating interest. Providing anyone reaches the target price set they win, it's that simple. No cons no scams no dodgy ducking and diving just buying something slower but with the incentive that when you succeed and you will because failure is not an option you get something super cheap, now why would anyone avoid a good deal that's as easy as bidding on eBay?
I don't understand where everyones hostility comes from (not aimed at the quoted poster)

Which series of the Apprentice were you on?

Alasdair

 

[Drpepper]

13,860 very p1ssed off people who wont touch the thing again, given the faffing about and agro???

And it's still fraud as they stand zero chance of buying this bleedin' xbox at their bid price.

 

[kulture]

Why would 99 people charge back?
You must have grabbed the wrong end of the stick, explain your theory and I will try to explain where you have strayed.

99 people have given you mony but not got their x box. So they will want a refund.

I do not think your idea will work. You are relying on people to play a complex game with their money on the chance they will be able to buy what they want.

When I press the buy now box on a web site I expect to get what I purchased and get it quickly. I do not expect to have to wait and hope I get it, nor do I want my money to sit in your account and give me the option to bid and not get something else which I do not want.

 

[m4ttch4tt]

PS; you are in a dream land with this idea- you have convinced yourself 100% it seems that this idea will make you millions of pounds yet everyone else can see quite clearly that the idea will not work.

It is somewhat of a dreamworld at the moment because at current I earn about £22k per anum, so quoting numbers like £150m seems freaking stupid and an impossiblity. Dont you think that every single day and night I check to see if I have made an extreme F up?
It just works, apologies for that, but it just does.
I have tried to do the opposite of what you said, I've tried tp pick it apart and go through it step by step time and time again nut I always end up at the same result, I'm not a stupid man but again I am no push over so I will stand my ground and prove with everything I am that I am correct and you all just need to learn about it thoroughly, especially if you own a highstreet store or an e-commerce site as you will not physically be capable of competeing and will have to close.

 

[Drpepper]

OP - people go on auction sites to get a bargain.

Very often they end up paying over the odds because they get caught up in excitement and forget the value of what they are bidding on - that my friend is where the big bucks are made.

You don't even offer that as the product has a pre-determined price, no excitement, just slowly parting with cash for nothing, I would ask for a refund long before a week when my bid was lost. When your punters realise that you have nothing.

 

[akirk]

I will stand my ground and prove with everything I am that I am correct and you all just need to learn about it thoroughly, especially if you own a highstreet store or an e-commerce site as you will not physically be capable of competeing and will have to close.

:|

bye bye Amazon / Dixons / eBuyer / Scan / ebay / etc.
the count down has started - doom is coming

aaaaaaaaaaaaaaaaagh.......



Alasdair

 

[m4ttch4tt]

99 people have given you mony but not got their x box. So they will want a refund.

I do not think your idea will work. You are relying on people to play a complex game with their money on the chance they will be able to buy what they want.

When I press the buy now box on a web site I expect to get what I purchased and get it quickly. I do not expect to have to wait and hope I get it, nor do I want my money to sit in your account and give me the option to bid and not get something else which I do not want.

What hell are you going on about? I don't know where you are getting your figures from nor where you got the idea that 99 people will lose.

LISTEN CAREFULLY! VERY VERY VERY CAREFULLY!

YOU
CAN
NOT
LOSE

I don't know where the idea comes from that only one person out of 100 is going to walk away with a product and I'm just going to keep the 99 others money and just be a F****** P****.

 

[GreatSEO]

A bit like a stamp buy shceme like in Iceland. Pay and save your stamps and use them in 6 months. Getting the interest on that would have been easier than putting together (I guess a very expensive and sophisticated) system like this one.

Save for your Xboxs etc etc. Yes only 1 person is saving but if it were popular enough you would stand to make a great profit.

It sounds way too complicated to me and I would not use it purely based on the fact that you are taking MY money and holding it for no apparent reason apart from a small saving on the RRP.

I am compulsive as many will be. I see product find price and buy from shops, sites etc for a number of reasons - Availabilty, Cost, Speed of Delivery, Stock Levels, Trust, Brand Etc Etc

Sorry but my vote it does not get until I get to see it in action as it is all such a mystery at the moment.

They say honesty is the best policy

Dave

 

[mike.davis]

You're arrogance sort of deserves the failure this will bring

 

[Deleted member 74679]

What hell are you going on about? I don't know where you are getting your figures from nor where you got the idea that 99 people will lose.

LISTEN CAREFULLY! VERY VERY VERY CAREFULLY!

YOU
CAN
NOT
LOSE

I don't know where the idea comes from that only one person out of 100 is going to walk away with a product and I'm just going to keep the 99 others money and just be a F****** P****.

No offence mate, but clearly you're not very good at communicating your ideas

Look, since some people here on seem to have 'got' the different elements of the scheme:

Could someone who understand how this website isn't a scam, please explain

Could someone who understands how this website will make money, please explain

I think you'll just have to take on the chin the objection that if it aint an auction, you can't call it an auction.....

 

[Dunny]

What hell are you going on about? I don't know where you are getting your figures from nor where you got the idea that 99 people will lose.

LISTEN CAREFULLY! VERY VERY VERY CAREFULLY!

YOU
CAN
NOT
LOSE

I don't know where the idea comes from that only one person out of 100 is going to walk away with a product and I'm just going to keep the 99 others money and just be a F****** P****.

Am I right in saying that as soon as my combination of repeat bids result in me reaching £100 I get the xBox? I think thats what your saying and you are just slowing the process of me buying it down? You are taking my money incrementally so there are multiple trnsactions fr each individual.

If I am right with the above I could be in a position where I have spent my £100 but you are out of xBoxs? At this point I get a refund or buy something else?

D

 

[m4ttch4tt]

OP - people go on auction sites to get a bargain.

Very often they end up paying over the odds because they get caught up in excitement and forget the value of what they are bidding on - that my friend is where the big bucks are made.

You don't even offer that as the product has a pre-determined price, no excitement, just slowly parting with cash for nothing, I would ask for a refund long before a week when my bid was lost. When your punters realise that you have nothing.

What the....

Ok here is a story board of eBay versus ezeepeeze,

eBay - a punter logs in looking for an xbox, they see that there are 5 on there at the moment all priced between £150 and £200 buy it now and another 2 which are private sellers listing for auction, these private sellers have not set a reserve and NO ONE knows what the end price is going to be, it could be £5 or £123 or £300 who knows but they bid on this SECOND HAND xbox in the hope it'll actually work.
The item will most probably go for around £130 as that'd be acceptable in the current market and people would just refuse to part with any more cash, add £10 for shipping, you now have a second hand xbox on it's way (maybe) if the seller is legit for £140. It may or may not ever turn up, let alone work.

ezeepeeze - a punter logs in looking for an xbox, they see 5 available all of which are priced at £100, the current bids of these xbox's are £5, £22, £90, £92 and £17 (so in turn the next possible bids are £6, 24, £91, £93 and £18)
The punter makes a first bid of £92 knowing that as soon as he/she reaches £100, that brand new xbox with warranty will be shipped garaunteed.
Some one else bids on the £6 forcing it up to £7 (£8 following) the punter bids the £8, ezeepeeze recognises that they have already got £92 in the bank adds the £8 = £100. done! Everyone else continues bidding on what ever they like and that punter gets what they want.
Now tell me that you don't prefer the cheaper quicker brand new product in a box that CAN be returned if faulty!

Remember that for the bids to be at 6 24 92 93 and 18 ezeepeeze would have already collected about £10k. I win and so does everyone else.

 

[Alex C.]

What the....

Ok here is a story board of eBay versus ezeepeeze,

eBay - a punter logs in looking for an xbox, they see that there are 5 on there at the moment all priced between £150 and £200 buy it now and another 2 which are private sellers listing for auction, these private sellers have not set a reserve and NO ONE knows what the end price is going to be, it could be £5 or £123 or £300 who knows but they bid on this SECOND HAND xbox in the hope it'll actually work.
The item will most probably go for around £130 as that'd be acceptable in the current market and people would just refuse to part with any more cash, add £10 for shipping, you now have a second hand xbox on it's way (maybe) if the seller is legit for £150. It may or may not ever turn up, let alone work.

ezeepeeze - a punter logs in looking for an xbox, they see 5 available all of which are priced at £100, the current bids of these xbox's are £5, £22, £90, £92 and £17 (so in turn the next possible bids are £6, 24, £91, £93 and £18)
The punter makes a first bid of £92 knowing that as soon as he/she reaches £100, that brand new xbox with warranty will be shipped garaunteed.
Some one else bids on the £6 forcing it up to £7 (£8 following) the punter bids the £8, ezeepeeze recognises that they have already got £92 in the bank adds the £8 = £100. done! Everyone else continues bidding on what ever they like and that punter gets what they want.
Now tell me that you don't prefer the cheaper quicker brand new product in a box that CAN be returned if faulty!

Remember that for the bids to be at 6 24 92 93 and 18 ezeepeeze would have already collected about £10k. I win and so does everyone else.

Why would you bid on the £6 one when there's one at £93?

If you can obtain xboxes for £100 what's to stop someone with bigger buying power (play.com?) obtaining them for £100 and selling them direct for £110.

I know which I'd prefer in that situation.

 

[joiner]

It is somewhat of a dreamworld at the moment because at current I earn about £22k per anum, so quoting numbers like £150m seems freaking stupid and an impossiblity. Dont you think that every single day and night I check to see if I have made an extreme F up?
It just works, apologies for that, but it just does.
I have tried to do the opposite of what you said, I've tried tp pick it apart and go through it step by step time and time again nut I always end up at the same result, I'm not a stupid man but again I am no push over so I will stand my ground and prove with everything I am that I am correct and you all just need to learn about it thoroughly, especially if you own a highstreet store or an e-commerce site as you will not physically be capable of competeing and will have to close.

Right OP ONLY here's how to make money!
3 bricklayers want to buy a radio to listen to onsite, they see one they like in a shop window so enter the shop and ask the assistant how much it is on sale for, the assistant replies that the radio is on sale for £15 and the 3 brickies decide to put £5 each (£15 in total) into the kitty to buy the radio. The brickies buy the radio, leave the shop and begin walking down the road when suddenly the sales assistant realises that the radio should only have been £10! The assistant quickly realises that to split the £5 that he owes the 3 brickies into equal amounts would be alkward so he decides to tell the brickies that the radio should have been £12, he takes 5 pound coins out of the till and decides to give one pound back to each of the brickies and keep the other two pounds for himself. He runs down the road, caches up with the brickies and does this. Now the sums go like this; the brickies put in £5 each x 3= £15, the assistant gave each bricky £1 back so now each bricky has paid £4 x 3= £12, the assistant has pocketed £2 (£12+2= £14) Wheres has the other £1 gone.

Sometimes all is not as it seems.

 

[saxondale]

SWEET BABY JEEZSUS get your teacher to exlain what pure maths theory is.

yes 1 plus 2 plus 3 plus etc etc soon racks the total up but you need to divide the total by the number of people bidding.


80 people bid 100 pounds each to "win" an xbox - you have taken £800 pounds thats all.



and you still have to buy the bleeding xbox at £180 to supply each winner.






or have I made it too simple to understand?

 

[JohnnyCash]

This thread is a bigger waste of time than the £1m challenge...

OP if you can ship xboxes for £100 and make a profit, why don't you go ahead and do that (ie selling them at that price) and you'll make a killing...

I'd bet the general intelligence level on this forum is a fair bit higher than the general public, but you've went 15 pages here and nobody has a clear understanding of how your business model works. Do you think the general public are going to fair better?

I just spent 5 mins reading over your posts and I'm still not sure how you can ship xboxes for £100 and make a profit, unless some bidders lose their money and get nothing (like a penny auction).

Sounds like another wind up thread, just like the gay guy whos boss was sleeping with his kid sister...

 

[saxondale]

OP - you think if i bid it will go


me - £1

next man £2

me £3

next man £4




how much has been bid - 1+2+3+4 = £10.00 OR

me £3 + other guy £4 = £7.00






see your wrong.

 

[stugster]

Has anyone else noticed the spelling of the Easy Peasy company name is almost as difficult as the business model?

 

[saxondale]

Has anyone else noticed the spelling of the Easy Peasy company name is almost as difficult as the business model?

I believe its already in use as well!

 

[JohnnyCash]

I was convinced this was a wind up (its hard to think someone can actually think this will work after all) but he really has registered the .co.uk and the .com domain so he's somewhat serious it seems...

OP why didn't you launch the site before you made this thread?

I seriously suggest you run your numbers by an accountant (a real one), as frankly they make no sense at all.

 

[m4ttch4tt]

Am I right in saying that as soon as my combination of repeat bids result in me reaching £100 I get the xBox? I think thats what your saying and you are just slowing the process of me buying it down? You are taking my money incrementally so there are multiple trnsactions fr each individual.

If I am right with the above I could be in a position where I have spent my £100 but you are out of xBoxs? At this point I get a refund or buy something else?

D

You are correct. I apologise for using the term Auction as it isn't in the traditional sense but then again either is madbid, swoopo, quibids or the like but people still use them. Most of you are fortunate enough to see that those sites are an actual scam and the odds are stacked high against you.

There will obviously be unhappy people within any business model ie stock running out, this will be tackled by listing exactly how many are left in stock and either automatically refund bids or ask the bidder if they wish to transfer onto another item of interest or just wait.
Not everyone holds onto money as tight as we do because people always have more than you think.

I ordered a new bed about 3 weeks ago at a cost of £1400 ish, it hadn't turned up yet because it has to be made but I'm not complaining, isn't this relevant?

 

[saxondale]

You are correct. I apologise for using the term Auction as it isn't in the traditional sense but then again either is madbid, swoopo, quibids or the like but people still use them. Most of you are fortunate enough to see that those sites are an actual scam and the odds are stacked high against you.

There will obviously be unhappy people within any business model ie stock running out, this will be tackled by listing exactly how many are left in stock and either automatically refund bids or ask the bidder if they wish to transfer onto another item of interest or just wait.
Not everyone holds onto money as tight as we do because people always have more than you think.

I ordered a new bed about 3 weeks ago at a cost of £1400 ish, it hadn't turned up yet because it has to be made but I'm not complaining, isn't this relevant?

please answer my question - £7 or £10?

 

[JohnnyCash]

Okay, can we see the following please.

An actual break down of the numbers of an xbox transaction, as it would go through. Showing exactly how much comes in to you in cash, how many people get the xboxes, and how much it costs you to ship them all out? As you're talking in riddles it seems, and if you can show the above then we will be able to understand how you plan this to work.

 

[Dunny]

please answer my question - £7 or £10?

Judging by the answer to my question it will be £10 collected between the biddera; £4 on bidder 1's account and £6 in bidder 2's account.

When each bidder gets to a total of £100 they wil get the xBox, if there are still any left. The others wont get anything but they can take a refund or bid on something else. If another item was available for £101 there first £1 bid would get it....at least that what I think the poster is saying.

D

 

[saxondale]

Judging by the answer to my question it will be £10 collected between the biddera; £4 on bidder 1's account and £6 in bidder 2's account.

When each bidder gets to a total of £100 they wil get the xBox, if there are still any left. The others wont get anything but they can take a refund or bid on something else. If another item was available for £101 there first £1 bid would get it....at least that what I think the poster is saying.

D

except bidder one has had his money back, so the OP (if any of this was actually real) will be selling an xbox (cost £10.00) for £6 plus a weeks interest.


the problem is his maths model hasn`t refunded the money.

 

[mike.davis]

Have I missed the reason behind not just selling it online?

Oh wait.. You can't sell an xbox for £100 and make a profit

 

[stugster]

What's the cost price of a Xbox anyway? I can only find them for about £140-£190

Is it a pyramid scheme?

 

[Alex C.]

What's the cost price of a Xbox anyway? I can only find them for about £140-£190

Is it a pyramid scheme?

This is what I can't get my head around.

It's a good idea I'm sure, but if you can get an xbox for £100, you'd make much, much more money selling them for £120 new.

regardless of if you have 140 lines, the same still applied. You'd make more money selling them directly than you would in this scheme...

 

[m4ttch4tt]

I was convinced this was a wind up (its hard to think someone can actually think this will work after all) but he really has registered the .co.uk and the .com domain so he's somewhat serious it seems...

OP why didn't you launch the site before you made this thread?

I seriously suggest you run your numbers by an accountant (a real one), as frankly they make no sense at all.

I have a very well respected account (2 in fact) from the PBA group the numbers have been run over time and time again, I am serious about this as it can work. probably my fault as many have stated that "I cannot voice my opinion all that well" but you need to see the entire picture, this is not just a case of coming up with a get rich quick scheme/scam its a serious business venture with huge potential.

I didn't launch the site for the shear fact that I dont have £16,500 to make it from scratch along with support etc. Establishing a company comparable to Amazon, EBay and play.com is no easy task there is a million and one things to cover and it's not cheap, I cannot rely on starting small and building up as I go, the system requires a large customer base, It needs to be a case of BANG here I am, I am the cheapest with all the latest must have products come and use me.
I'm currently working with a TV company for an ad and a separate company for an entire online marketing campaign. It's not small people, we're not talking 'Dog grooming parlour'

 

[I Love Spreadsheets]

If after 13 pages of posts we still dont understand how the thing works how the hell are visitors to your site going to understand what you are offering. Far too complex, far too many alarm bells ringing so I dont see how it is even going to get off the ground

 

[Parthelan]

Right OP ONLY here's how to make money!
3 bricklayers want to buy a radio to listen to onsite, they see one they like in a shop window so enter the shop and ask the assistant how much it is on sale for, the assistant replies that the radio is on sale for £15 and the 3 brickies decide to put £5 each (£15 in total) into the kitty to buy the radio. The brickies buy the radio, leave the shop and begin walking down the road when suddenly the sales assistant realises that the radio should only have been £10! The assistant quickly realises that to split the £5 that he owes the 3 brickies into equal amounts would be alkward so he decides to tell the brickies that the radio should have been £12, he takes 5 pound coins out of the till and decides to give one pound back to each of the brickies and keep the other two pounds for himself. He runs down the road, caches up with the brickies and does this. Now the sums go like this; the brickies put in £5 each x 3= £15, the assistant gave each bricky £1 back so now each bricky has paid £4 x 3= £12, the assistant has pocketed £2 (£12+2= £14) Wheres has the other £1 gone.

Sometimes all is not as it seems.

If he pocketed the £2 it's 12-2 (not plus 2) so £12-£2 = £10 the price of the radio.

£10 in the till, £2 in the pocket = £12 = £4x3 what the builders paid.

Or just take the quid out of the slush bag like I do