RE: commission22 Nov 2021 01:26
Hi ICL1960, you said "we will fleece everybody to make a profit', I think if you substitute "we will supply an added value service to everybody, for which we make a profit" you will be closer to understanding what they do. It is not about 'free glass of champagne', it is about having the knowledge to assist customers. For example if someone wants to go to a top London Restaurant, which is fully booked for weeks ahead, the ten lifestyle specialist will be able to suggest another comparable restaurant nearby, perhaps even get you on the chef's table. They know about these because they have visited all of the top restaurants to check them out. If someone wants a top sports car, for which there is a 6 month factory lead time, they can probably get it earlier because they know all the brokers who deal with the speculators who pre-order high end cars a year ahead so they can re-sell them.. Same with other high demand items like wimbledon tickets. Sure you can chase around and do all the legwork yourself, but why bother , when they provide the service of doing it for you. Yes, they earn a commission, for providing a service that people want, nothing wrong with that. I hear that now the entertainment and travel world is opening up as covid blows out, that they are starting to re-hire all the staff laid off in 2020, which is why I picked up some TENG at 92 a couple of weeks ago, I think this is one to hold for 6 to 9 months. GLTA.
