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Looking to expand PennyDrinks.com into the UK!!!

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sarmonkey17

sarmonkey17

Free Member
Mar 2, 2006
33
0
Colorado, U.S.
Hi,

I just launched my new site www.PennyDrinks.com. Basically I charge people (college students mostly) $2.99/mo. to be a member of the site and in return they can download a coupon for their first drink at sponsoring bars to be just one penny! I know. I mean who doesn't like cheap drinks right? Anyways I'm looking to bring on regional managers/partners with the right credentials.

The potential for residual income for this site is pretty astronomical. I have interns that work for me for free (if you want to know how to get that to happen email me) and I'm about to launch a pretty large marketing campaign. Anyways, check out the site and if the concept interests you let me know.

So far we've got U.S. bars in Colorado and Texas and more coming on in Florida, Washington, New York, and Maryland. I am looking to expand into the UK and am also looking for investors to help that process along.

I pay 70% commission on all revenue that comes out of a new region so if you're interested contact me at the email or number in my signature box.
 
Crumbs that's a good idea, I can guess how you get the itnerns to work for free, giving them loads of vouchers!!!! lol
 
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Yeah they get free memberships but I also give them a badass deal for the hours they need (300 to be exact). And i'm super flexible with them. They are an extremely valuable asset to my company.
 
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You need to check out the legality of this. There are strict laws governing what promotions bars can offer which may encourage binge drinking.
 
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I think your business idea could do very well here in the uk.

If it is all set up properly and is kept updated.
 
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Robert said:
You need to check out the legality of this. There are strict laws governing what promotions bars can offer which may encourage binge drinking.
Click to expand...

Are you sure about this??? I thought that everybody was complaining about binge drinking and said it was because these laws did not exist??? I know they tried to get bars and pubs to effectively price fix and Wetherspoons refused becuase their whole business model is based on being cheaper than everyone else.
 
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Robert said:
You need to check out the legality of this. There are strict laws governing what promotions bars can offer which may encourage binge drinking.
Click to expand...

The site only allows one coupon per night per user. It's impossible to binge on this.

Go to this link for my site and all other questions you might have should be answered here: http://www.pennydrinks.com/bringtoyou.php#info
 
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I believe that the UK is about the size of America's Northeast Region. This leads me to believe that one single person could run the entire UK operations.

I am still looking for an investor to put some capital into the region for startup. Anyone interested? Know anyone who might be?
 
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gary brown said:
Eagle said:
Have a chat with this guy (we're distantly related), tell him "Eagle" sent you.

http://duncan.bannatyne.co.uk/
Click to expand...

JC,

This is a bum steer. Duncan Ballantyne is a dragon off Dragons Den he will have your business off you soon as blink. Not sure if you get the Dragons Den programme in the States.

Gary Brown

PS a bum Steer is a dead end or a bad move in UK speak to you next week as agreed
Click to expand...


Does he have a habit of stealing ideas? Is that what you mean?
 
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JC, the point we're trying to make is that you're posting a potentially lucrative business idea on a public forum...

:shock: :)
 
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Eagle said:
JC, the point we're trying to make is that you're posting a potentially lucrative business idea on a public forum...

:shock: :)
Click to expand...

So what? Take the idea if you want it. The fact is I have the system down already. It's a lot more complicated than it sounds. I'm also putting about $13,000 into one of the most intricate nightlife sites around.

It's easier for people to just let me do it the way I know it works and buy into it rather than start the whole thing on their own and have to figure it all out as they go.

Even if someone stole the idea in the UK I'm not too worried. Texas is bigger than the UK so my American market (and Canadian soon) is much more lucrative. But the UK would be a nice market to get into and if anyone is interested in investing the money than I'll make it work.
 
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sarmonkey17 said:
Eagle said:
JC, the point we're trying to make is that you're posting a potentially lucrative business idea on a public forum...

:shock: :)
Click to expand...

So what? Take the idea if you want it.
Click to expand...
No thanks.

Only trying to be helpful - no need to get a monk-on.
 
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J.C.
The concept seems attractive.

But what's the risk of saturation of an area, so that all the bars are then offering the same free first drink, and therefore none of them has a benefit from the scheme? To them, can it just become a common cost of competing? If that becomes the case, won't they all gang up on you (as a group) and agree to cut you out of their area?

How does your business model deal with this, apart from geographic expansion into areas not already saturated?
 
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theMBA said:
J.C.
The concept seems attractive.

But what's the risk of saturation of an area, so that all the bars are then offering the same free first drink, and therefore none of them has a benefit from the scheme? To them, can it just become a common cost of competing? If that becomes the case, won't they all gang up on you (as a group) and agree to cut you out of their area?

How does your business model deal with this, apart from geographic expansion into areas not already saturated?
Click to expand...

There is nothing to prevent them from offering the same deal but they would have to pay for the advertisement and implementation of the system. I provide this for them. They don't have to do anything but sit back and wait for people with coupons to come in.

Bar/club owners are extremely busy and if someone's going to offer them a free service it's not in their best interest to spend the time to copy it. Fact is I give them too much to say no. And about 95% of the bars/clubs I've talked to have said yes.
 
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Could you not just go on a pub crawl from one pub to another and use a voucher in each one....cheap night :D :x :D :D
 
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sarmonkey17 said:
Robert said:
You need to check out the legality of this. There are strict laws governing what promotions bars can offer which may encourage binge drinking.
Click to expand...

The site only allows one coupon per night per user. It's impossible to binge on this.
Click to expand...

won't work with British students then!!!!!
 
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sarmonkey17 said:
theMBA said:
J.C.
The concept seems attractive.





Bar/club owners are extremely busy and if someone's going to offer them a free service it's not in their best interest to spend the time to copy it. Fact is I give them too much to say no. And about 95% of the bars/clubs I've talked to have said yes.
Click to expand...

Once you are in a bar...you never have just one drink....that is why they are saying yes.....you will spend more than that "1 penny drink" costs them

Great idea i think...sorry about sarcastic reply above!!
Click to expand...
 
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Yeah that's what I pitch to the bars. That it won't just end at that first drink.

So is anyone actually interested in investing in a badass concept run by an intelligent, driven entrepreneur?
 
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Mwebb said:
sarmonkey17 said:
theMBA said:
J.C.
The concept seems attractive.





Bar/club owners are extremely busy and if someone's going to offer them a free service it's not in their best interest to spend the time to copy it. Fact is I give them too much to say no. And about 95% of the bars/clubs I've talked to have said yes.
Click to expand...

Once you are in a bar...you never have just one drink....that is why they are saying yes.....you will spend more than that "1 penny drink" costs them

Great idea i think...sorry about sarcastic reply above!!
Click to expand...

MWebb,
Just in case there is any confusion, the quote above isn't all mine. I did comment that the concept seems attractive, but the rest of the quote (starting "Bar/club owners ...") is not quoted from me = you must have copied that into the box from someone else's posting.
I went on to query whether saturation of a geographic area might become a problem - I assume the basic idea is to attract drinkers who might otherwise have gone to a competing bar; therefore when nearly all bars in a particular area are offering this first free drink, it's no longer a differentiator between them, which defeats the original purpose of the promotion. Without saturation, I can see that it might be a good differentiator. But if there is saturation, it would be in the interests of all the bars to come to an agreement with each other and oust PennyDrinks.com from their market, to eliminate the cost all of them are incurring (as this cost is gaining no benefit in terms of differentiation from their competitors).

And, in case there's any doubt, my first comment about the attractiveness of the concept was not a sarcastic one. I can see it as attractive where a geographic area is not already saturated. Perhaps the concept provides most benefit in markets which are still developing or where the concept hasn't already been tried.
Click to expand...
 
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MBA,
sorry i am getting used to using this quote thing on the forum, i obviously deleted a bit that left you as the the person being quoted.

Also to clear everything up, i meant my sarcastic quote

"won't work with British students then!!!!!"

sorry for mis-quoting and any mis-understanding

michael
 
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So here is the REAL forum for PennyDrinks.com. Mark Pearson has decided to solicit me for INVESTING in my site for the UK and has now taken the information exchanged and literally copied it to a T for his own personal gain.

Anyone know the laws governing such an act?
 
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Did you get him to sign a non disclosure agreement?

I think looking back at the beginning of this thread Eagle and others told you this would happen.

Also you said this it didn't matter/you weren't worried if someone copied you.
 
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sarmonkey17 said:
So here is the REAL forum for PennyDrinks.com. Mark Pearson has decided to solicit me for INVESTING in my site for the UK and has now taken the information exchanged and literally copied it to a T for his own personal gain.

Anyone know the laws governing such an act?
Click to expand...

The law will probably see your statements earlier in the thread..

sarmonkey17 said:
So what? Take the idea if you want it.
Click to expand...

sarmonkey17 said:
It's easier for people to just let me do it the way I know it works and buy into it rather than start the whole thing on their own and have to figure it all out as they go.
Click to expand...

sarmonkey17 said:
Even if someone stole the idea in the UK I'm not too worried.
Click to expand...

In my books the "Take the idea if you want it" is permission to use the idea - it does not give permission however for someone to copy your website, your website code or your literature or logos.

Rob
 
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SillyJokes said:
Did you get him to sign a non disclosure agreement?

I think looking back at the beginning of this thread Eagle and others told you this would happen.

Also you said this it didn't matter/you weren't worried if someone copied you.
Click to expand...

I think he's justified in being a little bit miffed.

Still PennyDrinks knows how to do it, is already doing it and should be able to grab market share, if he does not hang around too long.

+ IMHO the idea has huge internet potential.
 
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