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The Math |
Here is an example of how the math works. We will look at A car dealer for this example. |
1.The average profit on a used car is somewhere between $300 and $500. |
2. 3-4% of all test drives result in a sale. This number is higher at better lots. |
We will use the minimums for this example. |
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This means that for every 100 vouchers bought by a used car dealership will result in 3 sales.(minimum) |
These 3 sales will result in $900 profit. (minimum) |
The 100 vouchers cost the dealer $250 |
Thats a net profit of $650 per 100 vouchers for the dealer.(minimum) |
The 100 vouchers cost you $50. Thats a net profit of $200 per 100 for you. |
So for every 100 Vouchers in this example. I make $50. You make $200 The dealer makes $900 (minimum) |
If the dealer averages 125 custoers a week and wants to run the promo for 2 months, He would need 1000 vouchers I would make $500 You would make $2000 Dealer makes $9000 (minimum) |