We have decided to remove the price brackets when a member makes an offer on a member’s cube. This should allow members to continue selling low value cubes for £1, whilst enabling members a little more freedom when accepting offer and negotiating prices for their cubes.
This should benefit both Premium members and Standard members.
Posted on June 15th, 2011
It seems we have some mixed feelings with regards to the price brackets for selling cubes. We posted some stats that members still didn’t believe showed a true reflection. Members are still convinced that only cubes priced at £1 are being sold.
Well, in actual fact… we have some MORE stats that shows this isn’t quite the case and these stats do show a true reflection and cannot be argued with.
These stats are taken from the same time period.
BEFORE price brackets introduced. (approx. 30 days)
x80 cubes sold for £1 – £1.99.
x13 cubes sold for £2 – £2.99.
x10 cubes sold for £3 – £3.99.
x5 cubes sold for £4 – £4.99.
x8 cubes sold for £5+
AFTERÂ price brackets introduced. (approx. 30 days)
x121 cubes sold for £1 – £1.99. (+41)
x14 cubes sold for £2 – £2.99. (+1)
x11 cubes sold for £3 – £3.99. (+1)
x4 cubes sold for £4 – £4.99. (-1)
x16 cubes sold for £5+ (+8)
In actual fact members have sold MORE cubes for £2+ than they did BEFORE the price brackets were introduced as well as quite a few more cubes for less than £2.
To clarify, since the change…
Members are selling cheaper cubes for almost the same price they were before.
Members have sold more cubes for £2+
More cubes have been sold in total.
We are still considering to revert back to the old system, but when we look at the stats, which DO show a true reflection of the activity, it might seem a disadvantage to members.
Again, what do you think?
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Posted on June 10th, 2011
We thought we would update you with the latest with regards to selling cubes as we know this has proved a talking point for some of you.
It has been almost 1 month since we introduced the price brackets in which cubes must be sold for, and so far it IS working!
The average sale price of a cube (the amount you are paid for your cube) is almost EXACTLY the SAME as before, but… the average cube value is around 40%+ LOWER.
This means that members are selling LOWER value cubes for almost exactly the same price as before. In other words, members are making almost exactly the same amount of money for their cubes, but without having to earn as many cube funds – almost half!
We are still testing this, and may or may not change back or ammend the current price brackets, but so far it has proved to be an advantage to members which is a great thing. Some stats shown below.
Stats taken from similar period (approx. 30 days):
Average cube value BEFORE price tiers added = £871.00
Average cube value AFTER price tiers added = £550.10
Average cube price BEFORE price tiers added = £2.45
Average cube price AFTER price tiers added = £2.20
So, what do you think?
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Posted on May 30th, 2011
We have decided to reduce the minimum deposit from £5 to just £3.
Plus… as a bank holiday special, anyone that deposits at least £3 into their account via Paypal or Alertpay will receive a FREE cube token.
Deposit funds now - http://www.you-cubez.com/deposit.php
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