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This is great to see neew products asdded to your shop! I remember you set it up with cypher.space few weeks ago! Looking great
selling the products below the cost of production would probably market well
Have you considered shipping prices? Not sure how cypher work, but usually is a big headhake deal with it.
I saw a freak on shopstr not too long ago offering to sell books for around 2k satoshi's.
He was going to take the loss in order to increase his WOT score. I thought I'd pretty much do the exact same thing. I was thinking, how much would I pay to increase my WOT, how valuable will it be, was thinking taking a 300 cuck buck hit to promote the store ship products and increase the score would be fine.
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20 sats \ 6 replies \ @ek 25 Nov
how much would I pay to increase my WOT
Aren't you selling yourself out to the algorithm this way (again)? And whoever is willing to lose more money has a better WOT score? That sounds to me like the algorithm isn't working as intended in practice and a reason to not feed and trust it. Trust should not be something that can be bought, not even indirectly.
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I guess the idea is,
If I have a successfully filled order my WOT will increase. In normie land a successfully filled order doesn't mean anything.
At Costco they give free samples of food to advertise the product, I'm offering free samples to advertise and to increase a metric which I think may be important to the shop.
Its not the money, but the honoring of the buying/selling contract which increases the trust score, I don't see it as being too wild.......but then again wild is in the middle of my name.
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20 sats \ 0 replies \ @AG 26 Nov
the honoring of the buying/selling contract which increases the trust score
You hit the point here!
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20 sats \ 3 replies \ @ek 25 Nov
Mhh, makes sense when viewed from this angle. Thanks for explaining.
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Yeah I think this makes a lot of sense in this space where we’re dealing with more anons and with money that can’t be clawed back. Getting a few discounted sales and following through with the fulfillment is a good way to start.
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21 sats \ 1 reply \ @ek 26 Nov
I see, you guys know what you are doing 🫡
edit: you might be interested in BitEscrow but that's probably overkill for the stuff you are selling
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That’s cool! I’ll check it out. Might come in handy for larger transactions. Shopstr also talked about building some sort of escrow process too.
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