â˜€ï¸� [ANN] â˜€ï¸� reOrder Gateway - USA, NY based Startup|MVP - Nov. 7th - page 38.

cantdecide

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Quote from: matjas on November 06, 2017, 08:48:17 AM

Quote from: lobat999 on November 06, 2017, 08:34:33 AM

Quote from: the_donald on November 06, 2017, 01:24:11 AM

Quote from: Yasemin on November 06, 2017, 12:28:15 AM

If restaurants dont need to pay for the terminal, that is a huge plus. I can see why they need an initial investment if they are going to pay for all the costs!

if they don't need to pay for the terminal, that's a huge boost. currently restaurants use outdated and refurbished technology a lot of the times, so this should have a competitive advantage.

After installation, my question is, will support and maintenance for such hardware and software be still free?

I would say they will need to pay for maintenance themselves. Also are there limited number of free terminals for each restaurant or they will get as many as they need in the beginning?

The answers before from the dev sounds like they get no limitation on hardware, but I could imagen that they will check before if some restaurants need really a high amount of this if they order.

matjas

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Quote from: lobat999 on November 06, 2017, 08:34:33 AM

Quote from: the_donald on November 06, 2017, 01:24:11 AM

Quote from: Yasemin on November 06, 2017, 12:28:15 AM

If restaurants dont need to pay for the terminal, that is a huge plus. I can see why they need an initial investment if they are going to pay for all the costs!

if they don't need to pay for the terminal, that's a huge boost. currently restaurants use outdated and refurbished technology a lot of the times, so this should have a competitive advantage.

After installation, my question is, will support and maintenance for such hardware and software be still free?

I would say they will need to pay for maintenance themselves. Also are there limited number of free terminals for each restaurant or they will get as many as they need in the beginning?

loup

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Quote from: levyashin on November 06, 2017, 07:32:52 AM

Quote from: the_donald on November 06, 2017, 06:50:29 AM

Quote from: SEELE^^01 on November 06, 2017, 05:37:38 AM

Quote from: ubercool on November 06, 2017, 05:20:27 AM

Quote from: levyashin on November 06, 2017, 04:19:37 AM

Quote from: cantdecide on November 06, 2017, 03:42:28 AM

so your partnered restaurants don’t need to pay for the hardware in the end, which will be ipads probably + the extension. How do you make enough money over time to pay all the hardware etc.? Just from the ICO income? What does the restaurants pay monthly, yearly?

It is not logical to gather money only Ico. After some time it will finish, so they need regular income.

Because of terminal and installation is free, income method can be one of two or both methods. Monthly, yearly fees or commission on sales.

I think yearly fees would be feasible to be on positive side.

Just checked their demo and I think it will be quite easier to use.

yearly fees? in my opinion there should be a tiny fee by every transaction they made, otherwise would be hard to survive very long on this project...

it was a percentage of the receipt if I recall correctly.

Is it the best option in long-term.

If you take money for product and installation you can only get paid once but if you get a commission from sales you can get paid as long as your product is good.

That's better for them but worse for the users that are going to pay every time they use it. Grin

levyashin

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Quote from: the_donald on November 06, 2017, 06:50:29 AM

Quote from: SEELE^^01 on November 06, 2017, 05:37:38 AM

Quote from: ubercool on November 06, 2017, 05:20:27 AM

Quote from: levyashin on November 06, 2017, 04:19:37 AM

Quote from: cantdecide on November 06, 2017, 03:42:28 AM

so your partnered restaurants don’t need to pay for the hardware in the end, which will be ipads probably + the extension. How do you make enough money over time to pay all the hardware etc.? Just from the ICO income? What does the restaurants pay monthly, yearly?

It is not logical to gather money only Ico. After some time it will finish, so they need regular income.

Because of terminal and installation is free, income method can be one of two or both methods. Monthly, yearly fees or commission on sales.

I think yearly fees would be feasible to be on positive side.

Just checked their demo and I think it will be quite easier to use.

yearly fees? in my opinion there should be a tiny fee by every transaction they made, otherwise would be hard to survive very long on this project...

it was a percentage of the receipt if I recall correctly.

Is it the best option in long-term.

If you take money for product and installation you can only get paid once but if you get a commission from sales you can get paid as long as your product is good.

cantdecide

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Quote from: toolucky98 on November 06, 2017, 05:36:48 AM

Quote from: levyashin on November 06, 2017, 04:19:37 AM

Quote from: cantdecide on November 06, 2017, 03:42:28 AM

so your partnered restaurants don’t need to pay for the hardware in the end, which will be ipads probably + the extension. How do you make enough money over time to pay all the hardware etc.? Just from the ICO income? What does the restaurants pay monthly, yearly?

It is not logical to gather money only Ico. After some time it will finish, so they need regular income.

Because of terminal and installation is free, income method can be one of two or both methods. Monthly, yearly fees or commission on sales.

Just from the ICO income? Here is their revenue :

Quote

After the implementation of the project (beginning of 2018), the Company expects to profit from the following sources:
Convenience Fee – making profit at a fixed rate of $1 from each receipt (approx. 25% of all profits)
Payment processing – making profit from agent payouts for each transaction (approx. 2.5% of all profits)
Advertising – broadcast of promo videos, banners, alcohol e-catalog (approx. 25% of all profits)
Loyalty cards – the issue of pre-paid cards for payments in restaurants and stores (approx. 47.5% of all profits).

Ah thanks for the info. I was like "wtf, how can they make money when they give away their stuff for free" but of course I could have thought about advertisment etc.

But on the other hand, the "Convenience Fee" seems a bit high, or am I wrong? They want to help smaller restaurants etc, but if the owner has to pay 1$ each time they sell a dish, it could be a lot of money for the restaurant owner. Smaller restaurants often struggle with their prices because they can't be too expensive I think. If you take now 1$ from their incoming money from one dish...

loup

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Quote from: nice.duck on November 06, 2017, 07:17:11 AM

Quote from: alphashotgun on November 06, 2017, 07:08:51 AM

germany would also be a thing. they eat a lot compared to south europe

I believe people eat everywhere in Europe. Germany just quite large and it creates an impression that people eat more.

I agree Germany is the most populated country in Europe but when I've been there I haven't seen anything special (talking about eating) Wink

nice.duck

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Quote from: alphashotgun on November 06, 2017, 07:08:51 AM

germany would also be a thing. they eat a lot compared to south europe

I believe people eat everywhere in Europe. Germany just quite large and it creates an impression that people eat more.

nice.duck

newbie

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The demo looks really user-friendly. Saving tones of time because of no need to wait for the waiter with menus and ordering instantly. especially if it's not my first visit to the place.
And no need to wait for a check as well.
Payment options only with card and cash? or crypto payments available also?

alphashotgun

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Quote from: ubercool on November 06, 2017, 01:24:03 AM

Quote from: Shilnov on November 06, 2017, 12:58:49 AM

Quote from: pynetx on November 06, 2017, 12:01:55 AM

You guys have any plans about expanding to the global market in future?

First two years is NY and US market. Depends on results we will consider about Canada, EU and Australia restaurant, shops and hotel markets

Aussies are massive foodies. I would suggest to start with Sydney after a successful venture in US.

germany would also be a thing. they eat a lot compared to south europe

the_donald

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Quote from: SEELE^^01 on November 06, 2017, 05:37:38 AM

Quote from: ubercool on November 06, 2017, 05:20:27 AM

Quote from: levyashin on November 06, 2017, 04:19:37 AM

Quote from: cantdecide on November 06, 2017, 03:42:28 AM

so your partnered restaurants don’t need to pay for the hardware in the end, which will be ipads probably + the extension. How do you make enough money over time to pay all the hardware etc.? Just from the ICO income? What does the restaurants pay monthly, yearly?

It is not logical to gather money only Ico. After some time it will finish, so they need regular income.

Because of terminal and installation is free, income method can be one of two or both methods. Monthly, yearly fees or commission on sales.

I think yearly fees would be feasible to be on positive side.

Just checked their demo and I think it will be quite easier to use.

yearly fees? in my opinion there should be a tiny fee by every transaction they made, otherwise would be hard to survive very long on this project...

it was a percentage of the receipt if I recall correctly.

magisterr

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Activity: 1372

Merit: 259

You have some arragements with some restaurants in USA right now? They want to work with you?

FIEX

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Activity: 630

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Quote from: Shilnov on November 06, 2017, 02:31:24 AM

Quote from: niklasmato on November 06, 2017, 01:45:07 AM

Quote from: FIEX on November 05, 2017, 04:38:53 PM

Quote from: Vansire on November 05, 2017, 04:19:55 PM

Quote from: bitcoin-shark on November 05, 2017, 01:33:42 PM

Quote from: PS92 on November 04, 2017, 07:21:18 AM

Quote from: matjas on November 04, 2017, 06:27:59 AM

Quote from: -Redacted- on November 04, 2017, 06:11:16 AM

This project seems to me moving in a promising direction, the restaurant business will not cease to exist but why exactly in this project should we invest our money? What are the distinguishing features?

Because of the huge number of restaurants and food cords, they have a big chance that some of them will adopt their product. They just need to be patient and let it evolve with natural way of spreading the good reviews among food providers and users.

Especially since it costs the restaurant owners absolutely nothing to give it a try:

"Customer table reOrder terminals installation is free and therefore easily affordable for New York retail business owners. Ready to deploy solution provide seamless next day operation"

if don t costs nothing to restaurants to try it and users can save something on final bill first it happens then better is for all...

You sure you're reading that right? The installation is free, but what about the price of the terminals themselves? Or is Reorder going to sponsor those devices? Not a bad idea, they'll earn it back on commissions.

Installation is free, they dont say the terminals will be free.
Maybe restaurant can rent those or buy.

Hardware is also free. But it will probably run on commodity hardware and won't be very expensive.
Just some linux terminal with a touch screen probably.

@Dev do you have a demo video available to see the ordering process?

It's app for ipad not for linux.
You can find demo right here http://demo.reorder.tech

Ow thats great that everything is completly free!
This will attract more and more restaurant. Thanks for sharing the demo link, will have a look at it.

Keep it up! Great work and thanks for being active on this thread.

SEELE^^01

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Activity: 952

Merit: 137

Quote from: ubercool on November 06, 2017, 05:20:27 AM

Quote from: levyashin on November 06, 2017, 04:19:37 AM

Quote from: cantdecide on November 06, 2017, 03:42:28 AM

so your partnered restaurants don’t need to pay for the hardware in the end, which will be ipads probably + the extension. How do you make enough money over time to pay all the hardware etc.? Just from the ICO income? What does the restaurants pay monthly, yearly?

It is not logical to gather money only Ico. After some time it will finish, so they need regular income.

Because of terminal and installation is free, income method can be one of two or both methods. Monthly, yearly fees or commission on sales.

I think yearly fees would be feasible to be on positive side.

Just checked their demo and I think it will be quite easier to use.

yearly fees? in my opinion there should be a tiny fee by every transaction they made, otherwise would be hard to survive very long on this project...

toolucky98

full member

Activity: 490

Merit: 100

Quote from: levyashin on November 06, 2017, 04:19:37 AM

Quote from: cantdecide on November 06, 2017, 03:42:28 AM

so your partnered restaurants don’t need to pay for the hardware in the end, which will be ipads probably + the extension. How do you make enough money over time to pay all the hardware etc.? Just from the ICO income? What does the restaurants pay monthly, yearly?

It is not logical to gather money only Ico. After some time it will finish, so they need regular income.

Because of terminal and installation is free, income method can be one of two or both methods. Monthly, yearly fees or commission on sales.

Just from the ICO income? Here is their revenue :

Quote

After the implementation of the project (beginning of 2018), the Company expects to profit from the following sources:
Convenience Fee – making profit at a fixed rate of $1 from each receipt (approx. 25% of all profits)
Payment processing – making profit from agent payouts for each transaction (approx. 2.5% of all profits)
Advertising – broadcast of promo videos, banners, alcohol e-catalog (approx. 25% of all profits)
Loyalty cards – the issue of pre-paid cards for payments in restaurants and stores (approx. 47.5% of all profits).

ubercool

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Activity: 1078

Merit: 504

Quote from: levyashin on November 06, 2017, 04:19:37 AM

Quote from: cantdecide on November 06, 2017, 03:42:28 AM

so your partnered restaurants don’t need to pay for the hardware in the end, which will be ipads probably + the extension. How do you make enough money over time to pay all the hardware etc.? Just from the ICO income? What does the restaurants pay monthly, yearly?

It is not logical to gather money only Ico. After some time it will finish, so they need regular income.

Because of terminal and installation is free, income method can be one of two or both methods. Monthly, yearly fees or commission on sales.

I think yearly fees would be feasible to be on positive side.

Just checked their demo and I think it will be quite easier to use.

Piggy

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Activity: 784

Merit: 1416

they must be getting some fee from the payments are made, they cannot survive as a business just with the ICO money

levyashin

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$CYBERCASH METAVERSE

Quote from: cantdecide on November 06, 2017, 03:42:28 AM

so your partnered restaurants don’t need to pay for the hardware in the end, which will be ipads probably + the extension. How do you make enough money over time to pay all the hardware etc.? Just from the ICO income? What does the restaurants pay monthly, yearly?

It is not logical to gather money only Ico. After some time it will finish, so they need regular income.

Because of terminal and installation is free, income method can be one of two or both methods. Monthly, yearly fees or commission on sales.

Yasemin

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Activity: 224

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Quote from: the_donald on November 06, 2017, 01:24:11 AM

Quote from: Yasemin on November 06, 2017, 12:28:15 AM

If restaurants dont need to pay for the terminal, that is a huge plus. I can see why they need an initial investment if they are going to pay for all the costs!

if they don't need to pay for the terminal, that's a huge boost. currently restaurants use outdated and refurbished technology a lot of the times, so this should have a competitive advantage.

I am sad to see so many quality restaurants are getting bankrupt, just because they fail in their marketing. I can see that happening in New York to, where there is so many competition. They can use some competitive advantage.