Chapter 289

“Exactly. It’s basically a referral–based price–slashing model. If one invites enough people to help, one could even score the item for free. And new users get even bigger discounts.”

“But isn’t this approach too risky?” Birgitte voiced her concern. She thought, ‘An e–commerce platform thrives on building a mutually beneficial relationship between merchants and customers. To put it simply, we’re an intermediary platform. Our job is to balance both parties‘ interests and incentivize both sides to participate.

‘If merchants can’t make a profit, why would they ever join us? But if the platform has to burn through cash on subsidies, when we’re already positioning ourselves as high–quality yet affordable, where’s the profit margin in that?‘

Even Birgitte thought Aubree was being a bit naive. “Sure, this model might attract a wave of users,” she mused, “but what then?”

Birgitte didn’t hold back, voicing all her concerns.

Aubree smiled at her. “Of course, but don’t we control how much gets slashed and what discounts are given?”

“Go ahead, you explain,” Aubree said, turning her gaze to a programmer she’d brought from Bree Technology.

project operations, while the programmer Aubree had brought over from Bree Technology handled

our platform keeps costs low. Getting

referrals.”

users. Even if we give

slash the price of a product of 30 dollars, that’s a hundred million users. Even if I give away all those products for free as an investment, as long as I make just 30 cents

eyes lit up as

of merchants or suffering losses. As long as we have customers, even if we don’t actively help merchants make a profit, they’ll find their way

admiration and exclaimed again, “Ms. Miller, you’re truly a

shopping was convenient, but it had an obvious drawback. While platforms and merchants might offer coupons and

ingeniously address the gap left by the inability to haggle online. Even better, this approach creates a win–win–win

in joy. Let’s make National Day holidays a real

every last cent of

confident. Once the project took off, it would definitely carve

National Day holidays, an e–commerce platform called GrabCheap stormed into the already saturated online shopping market with lightning speed, sinking its teeth into the

The Novel will be updated daily. Come back and continue reading tomorrow, everyone!

Comments ()

0/255