Still wondering why the generosity from Qoo10. The last time I saw such huge discount was when Gemfive first launched
may be they wanted to promote the usage of their platform? put in this way, Qoo10 allocated some promotional budget to encourage both retailers and buyers to use their platform. Every successful transaction will be charge with X amount of % of the transacted price. The number of voucher is fixed daily. At the end of the day, the % charge to the retailer is able to cover the cost of the voucher. By doing this kind of promotion, 3 parties got benefited. Qoo10 increases their popularity thus increasing their revenue. Meanwhile retailers able to make more money through this platform whereas buyers will enjoy great discount on the goods they purchased.
may be they wanted to promote the usage of their platform? put in this way, Qoo10 allocated some promotional budget to encourage both retailers and buyers to use their platform. Every successful transaction will be charge with X amount of % of the transacted price. The number of voucher is fixed daily. At the end of the day, the % charge to the retailer is able to cover the cost of the voucher. By doing this kind of promotion, 3 parties got benefited. Qoo10 increases their popularity thus increasing their revenue. Meanwhile retailers able to make more money through this platform whereas buyers will enjoy great discount on the goods they purchased.
Make sense. I wish other online platforms would do the same. Nowadays hardly can find a good discount voucher
But to be honest I don't like the UI of Qoo10. Not user friendly
This post has been edited by Duckies: Sep 7 2017, 05:00 PM
Sep 7 2017, 04:52 PM
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