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I don't read what dj writes all of it is thin air 20 million ipo etc
If you were joking it didn't come across as such, my apologies not a mind reader yet
non profit company
that was me be sarcy
agree with dj
they wouldn't of created a company , that has no chance of making a profit !
agree with bigbench
get behind tally and lets get it relisted !!
BA.... *** As for Tally being non-profit company all of a sudden not-declared is a serious regulatory breach - lets leave it, discussion will get negative and less objective ***
Where an earth did you get that from? I don't think you are reading another peoples post properly... I believe it was just a joke... lol
Clarky260
I took that % from Tally - Your figure for £18K must be right too.
More anyone holds in Tally, they will fee lesser fee that would be the case.
Although where would Tally find so many customers who can hold £18 a month for a whole year. Most people have £18K as a balance on credit card as borrowed money and fewer have £18K on debit card as their own money. Tally requires people to put their own cash.
So, I see more potential in a million people putting £100 in Tally a month.
mw1969
I havent got it wrong, I just havent included everything else which just could happen.
(est) stood for Estimate. I dont think MasterCard will pay Tally anything - MasterCard is providing a service and not the other way around, the most we can get is discounted rate from any service provider including MasterCard.
Tally can much more money in many other ways which obviously cant be calculated yet because we dont have any deals to prove such a case.
Tally can take tons more than its own service (that's tally usage - which is what I shared - to be fair that's all we go with for now)
Insurance products would be ideal match for Tally customers and it will sell.
Other financial products and referrals will bring many more millions.
Many others I can tell you but until such thing exists, you cant even get an estimate.
*** As for Tally being non-profit company all of a sudden not-declared is a serious regulatory breach - lets leave it, discussion will get negative and less objective ***
Whatever everyone is trying to achieve = It all rests on our user base.
Once out of Beta Phase
Then
give Tally a proper Red Carpet Service, song, dance, pomp and circumstance.
exactly dj
let's create a non profit company !
BrownAdder
I think you have got this wrong. The fee's are to also cover storage and insurance costs. This is not where the profit will come from, it will come from the percentage we take from every transaction made by mastercard. This could potentially be massive
I feel pretty sure that the inventors of Tally haven't sat down and come up with a zero profit scenario after the sheer slog of developing this thing. There may be all kinds of twists and turns from avenues we cannot even see atm.
But then again what if the product was developed under knowledge and even tutelage of some other entity to be taken out by that entity in time? It's another possibility.
Them figures are actually incorrect as it is 0.1% per month and 0.05% if you hold over 500,000 Tally which equates to roughly £18,000.
Where is the Profit ?
A Million Tally Customers with Average £1000 Tally = £9million Earnings for TallyCard (est)
0.075% Fee / User
Lets forget user - Lets take overall money instead
£1000 Tally gives us £9 per year
£10000 Tally gives us £90 per year
£100000 Tally gives us £900 per year
£1000000 Tally gives us £9000 per year
£10000000 Tally gives us £90000 per year
£100000000 Tally gives us £900000 per year
£1000000000 Tally gives us £9000000 per year
If average customer buys £1000 Tally
We need a Million customers to stay for 12 months to raise £9million
Revenue = £9million
Profit ? = ~ £3million per year after whole year release
If you think convincing million people to keep £1000 all the time in Tally for a year is difficult.
Then
Spread this App
to 100 million who can put average £100 a month in Tally Card
and it's doable
with right marketing