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Would you patronize a dealer more that had a Loyalty Rewards program?

Just like shopping at the local A&P, you earn points when you buy coins and when you earn enough points you can redeem them.

What redemption rate would make you check that dealers inventory first? 1%, 3%, 5% - 10%?

Would it work for dealers?

Comments

  • GazesGazes Posts: 2,315 ✭✭✭✭✭
    At the end of the day, the coins I am looking for drive what dealers I do business with. The coins I want are hard enough to find that a loyalty program would not steer me to any particular dealer. It would just be a nice added feature if the by chance my dealer or dealers had such a program.
  • OuthaulOuthaul Posts: 7,440 ✭✭✭✭✭
    Dealers normally give a bit more leeway to return/steady customers. How much more do you want?

    Cheers

    Bob
  • rickoricko Posts: 98,724 ✭✭✭✭✭
    No... I buy coins I like and I buy where I find them... or from people I know and trust. Cheers, RickO
  • pruebaspruebas Posts: 4,808 ✭✭✭✭✭
    A&P is bankrupt. It is no more.
  • LindeDadLindeDad Posts: 18,766 ✭✭✭✭✭
    Think that is your answer.
  • CoinZipCoinZip Posts: 3,253 ✭✭✭
    I like the idea... but it has to be a simple, straightforward program.

    Coin Club Benefit auctions ..... View the Lots

  • Cougar1978Cougar1978 Posts: 9,030 ✭✭✭✭✭
    No - it's all in the deal for me.
    Investor
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,700 ✭✭✭✭✭
    Loyalty ? That's a serious subject.
  • Jackthecat1Jackthecat1 Posts: 1,122 ✭✭✭
    That is basically what e-bay bucks are.
    Member ANS, ANA, GSNA, TNC



    image
  • libertydudelibertydude Posts: 243 ✭✭
    Definitely would since I mostly buy bullion coins (especially when I can find them listed as commemoratives on ebay with bonus bucks promotions image)
  • NapNap Posts: 1,756 ✭✭✭✭✭
    Littleton coin company used to do that. Dunno if they still do, I remember this from when I was a kid.
  • daOnlyBGdaOnlyBG Posts: 1,060 ✭✭
    Not really. They're coins, not lattes.

    Don't get me wrong- I love coffee as much as anything else- but for an item that I'd drop $500-600 for (if not more), I'm going to care most about the final price/quality, not the 10% discount I got from the original asking price. (I mean, they could be related, but not strictly so).

    Successful BST transactions with: blu62vette, Shortgapbob, Dolan, valente151, cucamongacoin, ajaan

    Interests:
    Pre-Jump Grade Project
    Toned Commemoratives
  • goldengolden Posts: 10,122 ✭✭✭✭✭
    Originally posted by: Gazes
    At the end of the day, the coins I am looking for drive what dealers I do business with. The coins I want are hard enough to find that a loyalty program would not steer me to any particular dealer. It would just be a nice added feature if the by chance my dealer or dealers had such a program.


    image
  • keetskeets Posts: 25,351 ✭✭✭✭✭
    most successful dealers ALREADY have a "loyalty" program in place, it's called discount-and-first-shot. and yes, I patronize them, that's how you get the perks.
  • crazyhounddogcrazyhounddog Posts: 14,116 ✭✭✭✭✭
    Originally posted by: ricko
    No... I buy coins I like and I buy where I find them... or from people I know and trust. Cheers, RickO


    Agreed.
    The bitterness of "Poor Quality" is remembered long after the sweetness of low price is forgotten.
  • BochimanBochiman Posts: 25,625 ✭✭✭✭✭
    I admit, I did benefit from Teletrade's loyalty program and it was a piece that helped me come back to them when I may not have at some times.

    I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment

  • OuthaulOuthaul Posts: 7,440 ✭✭✭✭✭
    Originally posted by: TwoSides2aCoin
    Loyalty ? That's a serious subject.


    Loyalty? Surely you can't be serious.

    image
  • johnny9434johnny9434 Posts: 29,763 ✭✭✭✭✭
    Originally posted by: Outhaul
    Dealers normally give a bit more leeway to return/steady customers. How much more do you want?

    Cheers

    Bob


    thats worked here for years and with many more as well.
  • knightemknightem Posts: 125 ✭✭✭
    Originally posted by: keets

    most successful dealers ALREADY have a "loyalty" program in place, it's called discount-and-first-shot. and yes, I patronize them, that's how you get the perks.


    DITTO! Exactly what I was thinking...



  • KccoinKccoin Posts: 1,086 ✭✭✭✭✭
    Originally posted by: keets

    most successful dealers ALREADY have a "loyalty" program in place, it's called discount-and-first-shot. and yes, I patronize them, that's how you get the perks.




    +2



    And you can add cherrypicking privileges to the list. Cant pay for it now? Hell, throw it in the safe!image



    I thought building a relationship with a dealer/dealers is part of the path we are all on
  • joebb21joebb21 Posts: 4,790 ✭✭✭✭✭
    Teletrade used to do this to encourage people bidding.

    Not sure if it was a success
    may the fonz be with you...always...
  • s4nys4ny Posts: 1,573 ✭✭✭
    No, in fact, it would be a negative for me. Just like
    mail in rebates.

    Just give me the best price and let each transaction stand
    on its own.
  • keetskeets Posts: 25,351 ✭✭✭✭✭
    my boss used to use something he called "the bucket" system: he kept plastic buckets with a customers nickname up on shelves running behind his desk. if you were a frequent flyer he'd put stuff in the bucket till you came in, if you weren't so regular he'd call and ask if you wanted an item. nobody was under any requirement to buy an item, if it didn't suit you he'd put it out for sale. he moved a lot of new material like that and made lots of guys happy.



    it was a nice perk and new guys wanted to get their own bucket. the only twist was that he was in charge of nicknames!!
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,700 ✭✭✭✭✭
    Man, I want to shop where keets works.
  • nencoinnencoin Posts: 1,294 ✭✭✭✭
    Originally posted by: keets

    most successful dealers ALREADY have a "loyalty" program in place, it's called discount-and-first-shot. and yes, I patronize them, that's how you get the perks.




    Bingo.



  • BoosibriBoosibri Posts: 12,487 ✭✭✭✭✭
    Originally posted by: nencoin

    Originally posted by: keets

    most successful dealers ALREADY have a "loyalty" program in place, it's called discount-and-first-shot. and yes, I patronize them, that's how you get the perks.




    Bingo.







    image
  • roadrunnerroadrunner Posts: 28,322 ✭✭✭✭✭
    Keets worked at a bucket shop?
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • TassaTassa Posts: 2,373 ✭✭
    Originally posted by: keets

    most successful dealers ALREADY have a "loyalty" program in place, it's called discount-and-first-shot. and yes, I patronize them, that's how you get the perks.




    image



  • TopographicOceansTopographicOceans Posts: 6,535 ✭✭✭✭
    Originally posted by: keets
    my boss used to use something he called "the bucket" system: he kept plastic buckets with a customers nickname up on shelves running behind his desk. if you were a frequent flyer he'd put stuff in the bucket till you came in, if you weren't so regular he'd call and ask if you wanted an item. nobody was under any requirement to buy an item, if it didn't suit you he'd put it out for sale. he moved a lot of new material like that and made lots of guys happy.

    it was a nice perk and new guys wanted to get their own bucket. the only twist was that he was in charge of nicknames!!


    Instead of submitting a want list, the owner created his own Bucket Lists image
  • BryceMBryceM Posts: 11,887 ✭✭✭✭✭
    Nope. Not interested. A good dealer-collector relationship is built on character, trust, and respect, and should be mutually beneficial. A loyalty program is a cheap gimmick.



    Maybe it would work if you're just buying cheap random junk to fill album holes, but the really special coins aren't always the ones on the website or out in the display case.

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