Silk Road forums
Support => Feature requests => Topic started by: anarcho47 on July 19, 2011, 02:36 am
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A tiered selling fee structure might encourage longer-term selling volume and keep sellers from migrating to other sites.
Something like:
Basic Seller Fee - 5%
>50 Completed Sales and >95 Feedback 2.5% Selling Fee
>100 Completed Sales and >95 Feedback 1.5% Selling Fee
>500 Completed Sales and >95 Feedback 0.5% Selling Fee.
Give us something to shoot for!
Anarcho47
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That's a very good idea Anarcho47. But unless the volume grows to something pretty spectacular (which is certainly possible, based on what I know from being on the selling side) a 0.5% fee is hardly worth someone's time.
Maybe if your discounted schedule was 3%, 2%, 1% it would be a lot more attractive to SR. A seller isn't going to be impoverished over a half a percent. But it's a lot of money to a board op when it's their only income. And if the volume is going to warrant those discounts, then the operation of the board will certainly be a full-time job for *at least* one person.
Using an example: once a vendor has done 500 orders at a min. of $100 that's 500K, with $5K for SR at 1% (I know, it's slightly more due to precursor rates, but just for example purposes). So it's a matter of how many PM's, etc. those 500 orders generate for him. But the basic idea of highly discounted fees for the highest volume sellers is just good business. Also, the poorly functioning, in/out type sellers are the ones that take up all the time and effort; hence higher fees.
But in a way I'm also talking out my ass because the true volume of SR is a black box and rightfully so; none of us will ever see inside. Once SR is running smoothly and all the major upgrades are done it may well just run as a smooth machine and SR will only have to keep up answering comms. There won't be a lot of functionality upgrades. Except in stuff like this there's always something to upgrade, right? ;)
He'll also have a smooth running platform he can sell or give to others *and* migrate to a new .onion site whenever SR gets just too damn hot.
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Yes. From what I"m gathering most of the process is already automated. If you watch the number of transactions rolling through the site SR is making himself at least several hundred, if not a few grand a day. Rewarding long-time sellers is just good business, it's just a customer reward program to encourage retention.
I am currently looking at other options myself (I will have over 50 completes this month alone and some of the transactions are >$300 USD) because if I start doing 10k or 20k or 30k in business on here $500-$1500 a month is not small potatoes when it comes to margins. I already sell at some of the lowest prices on here.
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I think this is a great idea. This compounded with an option to do transactions outside of escrow (i.e. well established sellers offer bulk deals) would really bring SR to a whole new level of marketplace viability
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I agree with having a tiered seller discount system.
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I have recently explained SR to a good friend of mine and he's very seriously considering coming on SR.
It would be great if this issue was resolved soon so that I could inform him about it as well. Because he would be a volume seller, for sure.
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good idea.
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One could easily list 0.01 btc items and mass buy with fake buyer accounts to gain discount.
A better (but far from perfect) version would include minimum price per transaction like >50 completed sales with min. $10 per sale and account age eg. been a seller here since min. 3 months.