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This idea is about leasting your products.

Status: Acknowledged
by on ‎08-05-2015 01:39 PM

My sugestion will help the organisation increase it profit. the way we can do this by leasing. New technology keep advancing and also is comming out frequently, and customers always want the fresh new item on the maket but most of the time they can't aford it. For instance a new TV why not least that TV to the customes where they will be paying a percentage of the cost every month for maybe 18 months and they have the uption of buying or upgrade. so if they choose to up grade that you can always aution off that TV or customers can bid for that TV on the web.This is just a summary of my idea, if you think this is something that you think and i no will work please feel free to let me no.

 

Kerwin D

Status: Acknowledged

I believe we have tested similar ideas in the past and found them not to be worthwhile. Thanks for your thoughts on this.

Comments
by Valued Expert
on ‎08-05-2015 09:43 PM

It is a nice idea but I think it would also be a serious money loser.  It would put tons of open box items on the shelf and look at the issues some stores have with open box.  

 

On a lease if they made the restrictions as strong as for leasing cars it would be a thing only for the money endowed.

 

Best Buy in order to lease technology in manner that is safe for them would probalby require a huge damage deposit on the part of the customer...

 

Leasing Tecnology is really in the market for Small to medium sized business where the maintenance of them comes with the lease.  

 

There are companies that lease technology.  

 

However, on a side note if you get a Best Buy Card there are often deals offered with multi month interest free financing.  I purchased my last 2 computers on 12 months interest free and paid them off in 11.  

 

Good idea I just think it would be a bad idea for Best Buy.  On the other hand if you leased something and you broke it you would be responsible for the full value.  could you imagine leasing a $900 laptop.  dropping it in the street 2 weeks later and your out $900.  Then BB could lease you another one.

by Senior Social Media Specialist Senior Social Media Specialist
on ‎08-06-2015 04:48 PM
Status changed to: Acknowledged

I believe we have tested similar ideas in the past and found them not to be worthwhile. Thanks for your thoughts on this.

by
on ‎08-06-2015 05:39 PM

This can help with staffing and better focus on customer service, you will have a better record for your customers and what are more frequently lease or purchase, and also better control of your inventory. I can continue to go on and try to explain how it might work but you said that you tested something similar , I will have like to see what you have, and make some adjustment. It might just need some miner change. I have discuss this idea in class and got some good feed back. Thanks kerwind

by Valued Expert
on ‎08-06-2015 06:00 PM

Can you explain how it would make a better record of customers

How it is going to help with staffing?  We are talking a whole new department. 

How it would let them know what sells better

 

Best buy would then also have to expand it's credit and collections department.

 

 

by
on ‎08-06-2015 08:09 PM

With this system you will alway have clear view what the customers are leasing and there interest, how often they will upgrade and if there is another product that goes with what they might be leaseing. For your staffing you will be able to cut back on your staffing that is on the floor because the customer already make the decision what there intentions are from your advertisements. Every new venture need a good 2 to 3 years to establish or make connections with the public .once you done that you going to always have a record of what coming and going out and how often and good tracking system for all profits and what areas that may need improvement.

 

 

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