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Sulit Gold Exchange: Exchange Your Products for Sulit Gold (SG)

	posted June 25, 2010 11:05AM
admin Majestic⁴ Sulitizen 10533 posts Registered: Jul 18, 2006 Last Access From: Philippines	Sulit Gold (SG) or our paid virtual currency is a very important feature that can give tons of exposure to your advertisement which can result for more sales. But sometimes, members need to make a sale first so that they have the money to get Sulit Gold and therefore make more sales. With this, we are currently thinking of building a new feature that will allow members to exchange their products for Sulit Gold. Once they already have SG in exchange of their products, they already have the means to get more exposure for their products, make more sales and have the means to buy more SG, and so on and so forth. In this case, the products are directly exchanged to Sulit.com.ph, and it is Sulit.com.ph who will dispose of the product. I would like to get the feedback from our members regarding this idea. Thank you. Imagine these scenarios: Scenario A (without Sulit Gold Exchange): Seller is selling a computer mouse for Php 1000. Buyer bought computer mouse for Php 1000. Seller buys Php 1000 worth of SG. Scenario B (with Sulit Gold Exchange) Seller is selling a computer mouse for Php 1000. Seller put it up in Sulit Gold Exchange. Sulit.com.ph marks the price for sale for Php 900. Buyer pays Sulit.com.ph for the computer mouse for Php 900. Seller gets 1000 SG. In both scenario, the seller was able to sell the product and gets 1000 SG. What are the advantages of Scenario B? 1.) Buyer got the computer mouse at a discount (only Php 900 instead of Php 1000) 2.) Any trust concern has been solved because the buyer will send the payment to Sulit.com.ph and the buyer has the assurance that he will get the his money back if the item did not reach him. 3.) Because of the first 2 advantages above, the seller can sell his item faster (1) discounted; (2) buying is safer but he gets the same thing which is 1000 SG. FAQ 1.) Can we encash the SG earned from this feature? SG is not meant for such. This new feature is only meant for sellers who wanted to buy Sulit Gold to promote their products but currently do not have the capability to do so without selling first any of their products. 2.) Will Sulit keep the products for sale? NO. Sulit will not keep the products. The seller will still keep it until the product is bought by a buyer. Once the payment is made by the buyer to Sulit, Sulit will inform the seller where to ship the item. When the shipment has been confirmed, the corresponding Sulit Gold is awarded to the seller. 3.) Is this applicable for my product? This is applicable for products that can be sold online and shipped to the buyer. These are products that do not require a personal meet-up between the buyer and the seller. Like 2 members think this post is SULIT! View Message Logs
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posted June 25, 2010 11:05AM

admin

Majestic⁴ Sulitizen

10533 posts

Registered: Jul 18, 2006
Last Access From: Philippines

Sulit Gold (SG) or our paid virtual currency is a very important feature that can give tons of exposure to your advertisement which can result for more sales. But sometimes, members need to make a sale first so that they have the money to get Sulit Gold and therefore make more sales.

With this, we are currently thinking of building a new feature that will allow members to exchange their products for Sulit Gold. Once they already have SG in exchange of their products, they already have the means to get more exposure for their products, make more sales and have the means to buy more SG, and so on and so forth. In this case, the products are directly exchanged to Sulit.com.ph, and it is Sulit.com.ph who will dispose of the product.

I would like to get the feedback from our members regarding this idea.

Thank you.

Imagine these scenarios:

Scenario A (without Sulit Gold Exchange):

Seller is selling a computer mouse for Php 1000. Buyer bought computer mouse for Php 1000. Seller buys Php 1000 worth of SG.

Scenario B (with Sulit Gold Exchange)

Seller is selling a computer mouse for Php 1000. Seller put it up in Sulit Gold Exchange. Sulit.com.ph marks the price for sale for Php 900. Buyer pays Sulit.com.ph for the computer mouse for Php 900. Seller gets 1000 SG.

In both scenario, the seller was able to sell the product and gets 1000 SG.

What are the advantages of Scenario B?

1.) Buyer got the computer mouse at a discount (only Php 900 instead of Php 1000)

2.) Any trust concern has been solved because the buyer will send the payment to Sulit.com.ph and the buyer has the assurance that he will get the his money back if the item did not reach him.

3.) Because of the first 2 advantages above, the seller can sell his item faster (1) discounted; (2) buying is safer but he gets the same thing which is 1000 SG.

FAQ

1.) Can we encash the SG earned from this feature?

SG is not meant for such. This new feature is only meant for sellers who wanted to buy Sulit Gold to promote their products but currently do not have the capability to do so without selling first any of their products.

2.) Will Sulit keep the products for sale?

NO. Sulit will not keep the products. The seller will still keep it until the product is bought by a buyer. Once the payment is made by the buyer to Sulit, Sulit will inform the seller where to ship the item. When the shipment has been confirmed, the corresponding Sulit Gold is awarded to the seller.

3.) Is this applicable for my product?

This is applicable for products that can be sold online and shipped to the buyer. These are products that do not require a personal meet-up between the buyer and the seller.

2 members think this post is SULIT!

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	posted June 25, 2010 11:35AM
emcute Legendary Sulitizen 5277 posts Registered: Jun 3, 2008 Last Access From: Philippines	nice! that would be great
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	posted June 25, 2010 01:07PM
WholesalersClub Ultimate Sulitizen 1616 posts Registered: Oct 12, 2009 Last Access From: Philippines	Questions 1. Pano ang pricing ng producs? Will sulit buy the products at sellers' buying price? or makikipaghaggle? Hehe 2. How much ibebenta ni Sulit yung product? Same as selling price ng seller or mas mababa? Kasi baka magkaron ng price war pag di sila pareho.
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	posted June 25, 2010 01:24PM
upjay81 Elite Sulitizen 601 posts Registered: Dec 26, 2008 Last Access From: Philippines	magandang idea sir admin in exchange of products for SG..
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	posted June 25, 2010 01:51PM
admin Majestic⁴ Sulitizen 10533 posts Registered: Jul 18, 2006 Last Access From: Philippines	WholesalersClub posted on June 25, 2010 01:07PM Questions 1. Pano ang pricing ng producs? Will sulit buy the products at sellers' buying price? or makikipaghaggle? Hehe 2. How much ibebenta ni Sulit yung product? Same as selling price ng seller or mas mababa? Kasi baka magkaron ng price war pag di sila pareho. 1.) Same as the selling price. 2.) Sulit.com.ph can lower the price to be able to sell the product. Do not think of this as a price war or else you will not see the benefit of it. This is actually a win-win situation for the seller, Sulit and the buyer. Imagine these scenarios: Scenario A (without Sulit Gold Exchange): Seller is selling a computer mouse for Php 1000. Buyer bought computer mouse for Php 1000. Seller buys Php 1000 worth of SG. Scenario B (with Sulit Gold Exchange) Seller is selling a computer mouse for Php 1000. Seller put it up in Sulit Gold Exchange. Sulit.com.ph marks the price for sale for Php 900. Buyer pays Sulit.com.ph for the computer mouse for Php 900. Seller gets 1000 SG. In both scenario, the seller was able to sell the product and gets 1000 SG. What are the advantages of Scenario B? 1.) Buyer got the computer mouse at a discount (only Php 900 instead of Php 1000) 2.) Any trust concern has been solved because the buyer will send the payment to Sulit.com.ph and the buyer has the assurance that he will get the his money back if the item did not reach him. 3.) Because of the first 2 advantages above, the seller can sell his item faster (1) discounted; (2) buying is safer
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	posted June 25, 2010 01:56PM
tetrospect Majestic³ Sulitizen 36608 posts Registered: Jan 29, 2008 Last Access From: Philippines	#3 Poster (All Time) Parang ito yung magiging SC Marketplace na hindi natuloy dati! I'm so in favor of it super win-win situation! View message logs
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	posted June 25, 2010 02:04PM
admin Majestic⁴ Sulitizen 10533 posts Registered: Jul 18, 2006 Last Access From: Philippines	tetrospect posted on June 25, 2010 01:56PM Parang ito yung magiging SC Marketplace na hindi natuloy dati! I'm so in favor of it super win-win situation! Yup. We actually cannot think of how to control the market using SC as it can be generated indefinitely. That is the reason why the SC Marketplace did not push through (all scenarios that we thought of will result to chaos). Somehow, I believe an SG Marketplace already has the "control" in place and will benefit the Seller, the Buyer and Sulit.com.ph. Really a win-win-win situation for everyone involved.
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	posted June 25, 2010 02:06PM
marcooling Elite Sulitizen 492 posts Registered: Dec 29, 2008 Last Access From: Philippines	ako minsan ginagamit ko sg..............
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	posted June 25, 2010 02:24PM
slimguy Majestic³ Sulitizen 40161 posts Registered: May 24, 2009 Last Access From: Philippines	#2 Poster (All Time) hmm. parang ok to ah.hehehe
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	posted June 25, 2010 03:00PM
WholesalersClub Ultimate Sulitizen 1616 posts Registered: Oct 12, 2009 Last Access From: Philippines	admin posted on June 25, 2010 01:51PM WholesalersClub posted on June 25, 2010 01:07PM Questions 1. Pano ang pricing ng producs? Will sulit buy the products at sellers' buying price? or makikipaghaggle? Hehe 2. How much ibebenta ni Sulit yung product? Same as selling price ng seller or mas mababa? Kasi baka magkaron ng price war pag di sila pareho. 1.) Same as the selling price. 2.) Sulit.com.ph can lower the price to be able to sell the product. Do not think of this as a price war or else you will not see the benefit of it. This is actually a win-win situation for the seller, Sulit and the buyer. Imagine these scenarios: Scenario A (without Sulit Gold Exchange): Seller is selling a computer mouse for Php 1000. Buyer bought computer mouse for Php 1000. Seller buys Php 1000 worth of SG. Scenario B (with Sulit Gold Exchange) Seller is selling a computer mouse for Php 1000. Seller put it up in Sulit Gold Exchange. Sulit.com.ph marks the price for sale for Php 900. Buyer pays Sulit.com.ph for the computer mouse for Php 900. Seller gets 1000 SG. In both scenario, the seller was able to sell the product and gets 1000 SG. What are the advantages of Scenario B? 1.) Buyer got the computer mouse at a discount (only Php 900 instead of Php 1000) 2.) Any trust concern has been solved because the buyer will send the payment to Sulit.com.ph and the buyer has the assurance that he will get the his money back if the item did not reach him. 3.) Because of the first 2 advantages above, the seller can sell his item faster (1) discounted; (2) buying is safer I get your point. It's a really great idea. Great for us sellers. Pero nakikita ko rin yung dami ng added work sa side ng Sulit. Can't wait for this to be implemented :)
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	posted June 25, 2010 03:07PM
247advertising Ultimate Sulitizen 2437 posts Registered: Jun 9, 2009	im enjoying sulit gold exposure so if meron na nito i think feasible naman
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	posted June 25, 2010 03:16PM
jijip Veteran Sulitizen 204 posts Registered: Nov 28, 2008 Last Access From: Japan	whoah astig ito ah!!
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	posted June 25, 2010 06:57PM
admin Majestic⁴ Sulitizen 10533 posts Registered: Jul 18, 2006 Last Access From: Philippines	WholesalersClub posted on June 25, 2010 03:00PM I get your point. It's a really great idea. Great for us sellers. Pero nakikita ko rin yung dami ng added work sa side ng Sulit. Can't wait for this to be implemented :) Do not worry po. It is our job and responsibility to deliver if ever we launch this feature ;)
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	posted June 25, 2010 06:59PM
coffee4slimming Ultimate Sulitizen 2103 posts Registered: Feb 2, 2010 Last Access From: Korea, Republic of	i think this is a great idea.
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	posted June 25, 2010 07:54PM
great2find Majestic² Sulitizen 21689 posts Registered: Oct 9, 2007 Last Access From: Philippines	#20 Poster (All Time) WholesalersClub posted on June 25, 2010 03:00PM I get your point. It's a really great idea. Great for us sellers. Pero nakikita ko rin yung dami ng added work sa side ng Sulit. Can't wait for this to be implemented :) Yes dadami nga po ang added work pero it will encourage more people to use SG more for this purpose which is actually cash paid to Sulit and can no longer be encashed by the buyer nor the seller but can only be used to pay for Sulit Services. Actually its a Win-Win-Win situation!
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	posted June 25, 2010 09:52PM
screenmaster Majestic² Sulitizen 16205 posts Registered: Feb 16, 2007 Last Access From: Philippines	sir admin, if madami na or malaki na ang generated income or sg ng isang sulit member pwede din ba or papa ano mag widraw? lets say a part of it...
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	posted June 25, 2010 10:02PM
bhabesrey Majestic Sulitizen 9716 posts Registered: Nov 8, 2008	i like this idea. mas involved ang sulit sa transactions like sa Ebay this will help eliminate/lessen scams kung may third party involved mas madaling mahuhuli ng sulit ang mga scammer in the process kaya win-win-win situation nga kudos admin.
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	posted June 25, 2010 10:20PM
admin Majestic⁴ Sulitizen 10533 posts Registered: Jul 18, 2006 Last Access From: Philippines	screenmaster posted on June 25, 2010 09:52PM sir admin, if madami na or malaki na ang generated income or sg ng isang sulit member pwede din ba or papa ano mag widraw? lets say a part of it... SG is not meant for such. We do not have the necessary license to operate Sulit Gold in a wallet type currency which can be withdrawn. This new feature is only meant for sellers who wanted to buy Sulit Gold to promote their products but currently do not have the capability to do so without selling first any of their products. Message appended on June 25, 2010 10:23PM bhabesrey posted on June 25, 2010 10:02PM i like this idea. mas involved ang sulit sa transactions like sa Ebay this will help eliminate/lessen scams kung may third party involved mas madaling mahuhuli ng sulit ang mga scammer in the process kaya win-win-win situation nga kudos admin. Please be advised that this is not a total involvement to the transaction as this feature will only be applicable for those looking to purchase SG. Normal transactions that the seller is expecting cash will not be covered by this feature. But of course, we are working to be able to provide a better transaction environment for our buyers and sellers in the future. View message logs
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	posted June 25, 2010 10:29PM
webfair33 Majestic² Sulitizen 15421 posts Registered: Apr 6, 2008 Last Access From: Philippines	Aba maganda, hihintayin ko yan.
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	posted June 25, 2010 10:32PM
pyth Certified Sulitizen 117 posts Registered: Feb 10, 2008 Last Access From: Philippines	Nice admin..tipid mode 4ever!! Sir admin kelan kaya magkaroon ng sulidgold card parang reload card ng celphone?Hirap pumila sa bangko..LOL View message logs
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	posted June 25, 2010 10:33PM
screenmaster Majestic² Sulitizen 16205 posts Registered: Feb 16, 2007 Last Access From: Philippines	admin posted on June 25, 2010 10:20PM screenmaster posted on June 25, 2010 09:52PM sir admin, if madami na or malaki na ang generated income or sg ng isang sulit member pwede din ba or papa ano mag widraw? lets say a part of it... SG is not meant for such. We do not have the necessary license to operate Sulit Gold in a wallet type currency which can be withdrawn. This new feature is only meant for sellers who wanted to buy Sulit Gold to promote their products but currently do not have the capability to do so without selling first any of their products. Message appended on June 25, 2010 10:23PM bhabesrey posted on June 25, 2010 10:02PM i like this idea. mas involved ang sulit sa transactions like sa Ebay this will help eliminate/lessen scams kung may third party involved mas madaling mahuhuli ng sulit ang mga scammer in the process kaya win-win-win situation nga kudos admin. Please be advised that this is not a total involvement to the transaction as this feature will only be applicable for those looking to purchase SG. Normal transactions that the seller is expecting cash will not be covered by this feature. But of course, we are working to be able to provide a better transaction environment for our buyers and sellers in the future. ok sir admin, gets ko na...
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