Bob Baga
๐ค SpeakerAppearances Over Time
Podcast Appearances
And as long as they're a new advertiser and they're cleared by Inc.
Magazine, they can pay Inc.
and BizX dollars.
Inc.
then takes those BizX dollars.
Whatever their rate panel is.
$5,000, $10,000, whatever their rate is.
Yeah.
So you would have either made a sale to begin with and earned BizX dollars already by selling your product or service to another member, or you would...
get, uh, BizX or you would, uh, you can get a BizX line of credit so you can actually spend BizX dollars before you earn it.
Yes.
We issue lines of credits in advance, uh, to, to, to new members.
We charge a transaction fee.
So we've got a community of businesses.
We bring them together and they connect and share with each other.
And then on top of that, we enable them to buy and sell.
When they buy and sell and they have a successful transaction, they pay us a transaction fee, which is 7.5%.
uh, is paid to us on all purchases and sales.
So again, remember, it's gotta be the way this really works and why this makes sense is, is because it's all new and incremental business.
If somebody who's already a customer, this doesn't make sense.