Oskar Våle just to ease up the awkward situation and to move on with it tbh if i were in their shoes i would have draw a duck or rabbit just to escape the current reality !
I've never understood the logic behind getting someone a giftcard for a present. So you had £20 that could be used in any shop, then exchanged it for a giftcard only to be used in 1 shop and it also has a use by date. What if in that shop you want an item for £17.99, you either have to spend more money in conjunction with the remaining £2.01 or it will end up unused. In essence it's a gift that could potentially cost the receiver money.
Gift cards make sense if you view gift giving as something that should be fun. If you give someone £20 they're going to be able to spend it on whatever they want. A gift card forces the giftee to buy something frivolous. If you want to get them a game, but don't know what games they like, a gift card to a game store would ensure they buy a game instead of being 'sensible' and paying off debts (which cash would allow). Vouchers are like giving hallmark greetings cards, completely devoid of any thought and meaning. I think giving someone a gift should show appreciation of who they are as a person, so it should be something you've put thought and effort into selecting. Vouchers are the ultimate way of showing you don't care enough about a person to get them a proper gift, but have an unwanted obligation to give something (the commercialisation of fake love).
Thing is with cash as a gift, say for a teenager, what would stop them spending it on alcohol or cannabis in todays society, this is not uncommon. So the gift card minimizes this and makes sure they actually get something and not waste it. They could also blow it on sweets, cigarettes, other people and even worse things.
It's the perfect present to buy someone that you're not sure what to buy. Cash always feels cold. But a £20 giftcard to newlook and they can buy that new dress without feeling guilty because there's nowhere else it could go anyway
Peter wants to know how much the Company has made to date Peter: How much have you made to date? Duncan doesnt look impressed Duncan: I am not impressed Narrator drives me insane
He probably wanted a break from his last job. Even a failed small business venture probably doesn't matter that much in the long run. Spent almost no money on a small website, so what?
I'd rather have $10 of money I can use anywhere than have a $20 voucher sitting around that I have to spend at a shop I don't like. I think this is a really good idea!
@albert fish It's a good idea to sell your own gift card to someone if you have no intention of ever using it. But it's not a good idea for a business for the reasons explained by the Dragons. Too many legal hurdles and not enough profit potential.
Skip to 2:20 if you don't want to watch the start of the episode, they start their pitch at 2:28 if you want to save your life watching it none of the dragons invested and in 2018 they are no longer.
James Wagstaff because in contrary to popular belief, some business men actually care about creating value and not causing annoyances for their customers..
Also if someone uses a gift card and buys something they like, they might come back because they've already been to the store. Or when they use the gift card they might find something else they like. Short term it's better if the gift cards aren't redeemed. But in some cases it's better long term if they are. But also there's the integrity end. Some businessmen pride themselves not only on financial achievement but high customer satisfaction and getting those customers what they want.
Duncan owns gyms and hotels, he wants customers to use the gift card and then either sign up for the gym or book a holiday or stay at his hotels, not just waste 50 pound on a gift card.
These 2 guys are well known very successful scouse business men.there last business made millions selling chocolate fireguards & sun roofs for motor bikes
Awkward for Debra Meadon. She initially said at 7:21 'you will have an investment from me, I'll tell you that right now'. Then everyone else came up with a load of reasons not to invest, ones she must not have thought of and then gets out on the legalities of it in the end. Smoothly done, lol.
Im sure there are no legal issues with selling them on. Terms and conditions dont mean shit. Anything you own is yours to sell on or do what you see fit with.
I agree with londontrada. It can't be any legal issues with that. It's yours. You have bought it, own it and can therefore sell it like anything else that is yours. Some people point to "red devil" channel for more info and I tried to check, but it's many "red devil" on you tube. What's the link instead?
The terms and conditions do mean shit, because the retailer can refuse to honour them if they've been sold to a third party, and a court will agree with them, since you'd be in breach of the terms and conditions (and therefore contract) of using the product. Of course that assumes that the retailer knows that you've sold on the gift card.
Richard Crooks But that also is under the terms and conditions. If the terms and conditions doesn't stipulate "third party", it's yours, free to do what ever you want with it.
Its completely up to the business in question whether or not they honour them. Nobody suggested that the people selling them would be prosecuted for selling them. The point is that if businesses decided to not honour them if theyve been sold to a third party, obviously nobody would buy them from a third party and the people selling them would go out of businesses (which wouldnt make it a smart thing to invest in)
I would laugh at it too. Gift cards have terms of conditions. You not suppose to resell them for cash or return them for them to not have a lawyer to me it does come across as a joke.
The whole way through he was shaking his head and smirking. Its fair enough to disagree with them but to mock them like that.. Its unprofessional and rude.
Duncan hits it right on the head, and I felt exactly the same way, if I had a £50 gift card and was going to sell it online... I'd want £50, simply because the value on that card is £50. Selling it for £30 to me would be no different then me giving a £50 note to a cashier and saying I don't want this money in note form... I tell you what you can have it, if you give me back £30 in pounds coins. If a seller is selling a £50 gift card for £50.... what's the point? A buyer who wants a £50 gift card, will just go into the shop and buy a gift card putting £50 on it in the first place with cash or credit card. The fact there is a market where people are selling their gift cards, either means the seller is crazy enough wanting to lose money or the buyer simply overlooks the simplicity of going to the shop and buying a gift card putting money on it in the first place.
Sure but instead of 50 dollars at a beer store, since i dont drink alcohol i would rather sell it for 30 dollars for a clothing store credit and have 30 dollars to spend on clothes. Still a win to me.
"guess it failed!" Haha... They probably couldn't patent it, or license it out, there are now hundreds of company doing the exact same thing and making bank
Ellias, I am not sure it is the same in every country, but i know of countries where for issuing gift cards, the company issuing them must apply for something like a banking licence. (Obviously for reasons of protecting customers. You don't want a company to collect millions and disappear) I am not sure why selling them second hand would be illegal. The deposit will remain with the card issuer, and the gift cards are not in name. How is it different from selling baseball cards or postage stamps?
I didn't realize that seasoned business men and women would question the legality of the sale and trade of "gift" cards..... How utterly amazing that they could be so stupid.
The anti-scouse comments on here are ridiculous and show how small and narrow minded, the British can be! Great city, great people! Next time someone makes a comment, please accentuate what part of the UK you are from, so we can scrutinize your particular town/city
A large percentage of the comments always pick on the ethnic minorities and female dragons on the show as well. Also every non-white English business person to come through the door is apparently 'shifty'. Really shows you how Brexit happened.
There are some problems with this idea not raised in the den: 1) what's to stop someone from selling a gift card that is (partially) depleted? 2) these days most cards come with a code so that can be used to redeem the card online. Someone could easily sell the card and then spend the balance before the buyer has a chance.
Regarding multipacks from "convenience store": Dear Jac: Splitting multipacks 19 Sep 2008 | By Jac Roper Here’s another retail-detail query that I get from time to time. Karamjit Rai, who runs Raisway in Derby, wanted to know if he could split up multipacks of Coke that he bought in 6x330ml, three to an outer configurations at the cash and carry. “An outer of 24 costs £4.99,” he points out, “and the margins are better if I sell singles for 55p. All around its rim it says ‘multipack cans’, but it doesn’t say it cannot be sold separately.”I asked Karamjit whether he has a scanning system, because if he had the singles would not have a bar code. However, he doesn’t. So I rang the Trading Standards Institute and asked whether you could split packs and whether you had to adhere to any prepricing printed on packs. The press officer said: “Funnily enough, I’ve got a can of Coke in front of me right now that I just bought and it doesn’t have a bar code on it either.”He adds: “You can overprice, although the best practice is not to. The second best practice is to make sure the new price is stuck on and cannot be removed.”The main thing is to make sure that the price is clear, which Karamjit has done. In terms of labelling law, the required info on the label is the manufacturer’s name, list of ingredients, quantity contained and any pertinent warnings about additives and so on.
First question should have been: “Who is buying your cards back.” Second Question: “How much percentage do you get back per gift card VERSUS the value that you paid for it:”
The reason giftcards go unused is not because people don't want to use them. Its because they either get lost or forgotten about. If you've lost or forgotten about a giftcard, how exactly are you supposed to sell it?
Regarding buying and selling giftcards. Yes you can trade in giftcards. It's many sites who offer this trading. Ebay is one. How to safely sell giftcards on Ebay: More and more, we are all sending and receiving gift cards for holidays, birthdays, wedding gifts etc. Like any gift, sometimes we receive gift cards for stores and restaurants that we just don't use. Maybe your co-worker gave you a gift card to Starbucks and you aren’t a coffee drinker? Or maybe your friend gave you a gift card to Regal Cinemas and the closest one is 45 minutes from your house? Don't let those unused gift cards go to waste! Gift card buying sites like Raise and Cardpool will only give you a fraction of their value, especially for cards that don't generate a lot of demand. Selling gift cards on EBay can get you face value (or more) if you do it right. Unfortunately, there are a few unscrupulous folks out there that are looking for sellers who don't know what they're doing. Here are some of my tips for selling your unused gift cards for top dollar and avoiding the scammers. Don't scratch off the code on the back of the card. This gives potential buyers confidence that the gift card has not been used. If you want to sell fast, price your gift card just below the value of the card and sell it using "Buy it Now". This will ensure that your gift card will sell as quickly as possible and get the most return. If you don't mind waiting 7 days and you have a highly sought after gift card (visa, itunes, amazon etc.), use the Auction feature and price it just below face value. Often, gift cards will sell for over face value if other buyers are bidding for them. Have the buyer pay for shipping. The cost of shipping can eat into your profit margin and is usually not an issue for most buyers. NEVER give the buyer the code on the back of the card after the sale. Often, scammers will ask you to scratch the back of the card and e-mail the code to them after they purchase the card so they can use the funds right away. This is a classic scam where unscrupulous buyers will use funds from stolen Ebay accounts to pay for gift cards and then empty the balance on the card before they are shipped to the address on the stolen account. Make sure that your mailing the card to a verified address and take a picture of the back of your gift card before mailing it out. This way, if the buyer says that there were no funds on the card when they received it you can have the vendor track when the funds were used. When packing your card for shipment, place the card between two pieces of cardboard or a folded piece of card stock to disguise the fact that the package contains a credit or gift card. This helps to ensure security during shipment. Always ship with a tracking number. If the buyer says that they didn't receive the card or they received an empty envelope, you can use tracking information to challenge their claim.
Give someone a gift card with a store limit and time limit ... and usually no change from an underspend. Give someone money accepted worldwide and NO time limit ... and you get change. Gift cards are the lamest idea ever, and once spent go to landfill.
Some say gift cards are pointless as they are more restrictive than cash. I said “I get your point but by the same logic a traditional gift is even more restrictive. Why bother at all? I enjoy perusing a music or bookshop when I hadn’t planned on buying any music or books. It forces me to broaden my horizons. I love gift cards. I wouldn’t want to loose any value on it. I have also been known to use them to buy other people gifts with” Am I right or wrong? ❤️
Nigel Harris I don't agree. I think they are terrible, because they are less versatile than cash and less thoughtful than a gift. A gift tells you what others think about you and also tells you something about the person giving it. A gift card pretty much says someone doesn't know you or is too lazy to buy a gift (and take the risk that it might not be a great one). If you dont know the person I wouldn't mind not getting a gift and if I did know the person id be sad with a gift card more than with the crappiest gift, but anyways I'd rather have cash :p Bit of a rant maybe but that's my 2 cents
Plus I'd rather get a shirt that I might wear than have to go to that specific shop and pick one out of my own time wasted. Much better to just get money or an actual gift someone would like.
It makes sense. For instance if you got a gift card for your birthday for a clothing store you don't shop in, then why waste the opportunity to make some cash? Adjust what percentage yield you get depending on the price of the card. It's all profit anyway since the card was a gift. For instance. If you shop in New Look and someone gives you a voucher for Sports direct. For a £100 card offer a 50% discount off the face value. You still make £50 pure profit. For a £20 card sell it for £15. In that way you get free money. Your mate gets a massive discount on their next clothes shop. And life goes on with everyone happy. The service these guys offer seems great but it would be subject to retailers terms and conditions. At the moment I can buy a Sports Direct gift card in London and use it in any Sports Direct in the UK. How long after a business like theirs starts up that the businesses make the cards store specific so you have to use it where it was bought. Or it becomes like a concert ticket and it becomes name specific and you can only buy the cards online and they come with the intended users name on it. All the terms and conditions that have been put in action to stop ticket touts would be applied to gifts cards and boom. Their business goes bankrupt overnight.
Peter's right. Businesses bank on the fact that 10% of cards won't be cashed, it's easy money for them. If they lose this extra income they'll make them non transferable by businesses.
They talk about retailers tightening up. Do they not realise that gift cards are not called gift cards because people buy themselves a sort of gift but can't quite decide what to get so they give themselves a voucher instead? Gift cards have to be transferable or nobody would ever buy them ever, at all. Just go back to a birthday card with a tenner inside -- which is what everybody wants, anyway.
I don't know why any business would try to get investors if they haven't legally secured their business to ensure they are following proper laws and regulations.
Other episodes: "You havent quit your job to put everything in this busiess? You're not committed enough. I'm out." This episode: "You quit your job to put everything in this business? You're stupid ad reckless. I'm out." Make up your minds people.
The Dragons should be biting the hands off of these two guys. Because what these guys are offering is a no-brainer. They are offering an advertising retargeting service. The customers of this service are essentially doing the work that companies like Facebook and Google sell for billions of dollars -- for free. They are refining the targeting of ads, redirecting sloppily targeted advertising to put it into the hands of the correct demographic. And the customers do all the work. Retailers should be all over this. Not only should they allow this service, they should sweeten the deal. They should say, "We will offer you 10% more (or whatever) of the face value of the coupon if you bought it from this reseller."
Would you rather have a £20 gift card which can only be spent at a certain company or £20 cash? I suspect 99% of people would prefer the latter simply because they can buy what they want where they want. If they are offering to buy your gift card for a small charge, I think they are on to a big winner
Interesting as gift cards are like a deferred revenue. Technically it makes a balance sheet liability even though you have been paid cash. When you think about it cash doesn't expire and therefore an expiry on a gift card is there to balance the revenue on the books for the company otherwise it sits in purgatory. However if you ask the retailer how does cash expire? I want to spend it.. they should honour it.
I think she was more concerned about Peter and the other dragons all expressing doubts than she was with the legality of it... If her chair was equipped with an ejection seat she'd have had hit the button rather than admit she spoke too soon.
'This card cannot be exchanged for monetary value' springs to mind, but to be fair they don't state whether that exchange is by the retailer or individual, but some do state not for resale. Some vouchers also need the corresponding receipt which would be a bit of an issue when selling it on, if the seller isn't willing to part with their receipt. Would not be surprised if this company hasn't folded. Definitely would not want to be part of that legal battle against retailers 😬
100k for someone who has worked in the city for 10-15 years is pretty normal. In front office investment banks, brokers, sales you can make much, much more.
Debra only makes an offer if Peter does. She doesn't seem to have a brain of her own. She loved this but when Peter dashed it she declared herself out.
The whole point of Gift Cards (especially the unredeemed ones) in the first place is they're a business card, a golden ticket and a casino gambling chip all rolled into one perfect, lazy, last minute impulse buy for the man/woman who has everything. Gift cards essentially represent, advertising, customer loyalty and, if they expire, free money! Which is why the Dragons instantly hated this pitch; though Duncan and Deborah showed genuine interest in the fact these two guys seemed to have figured out a way of "beating the system" but Peter was right, he basically warned them if they went ahead there would be an almost guaranteed chance that they would be sued... most likely by the Dragons themselves
How embarrassing for Deborah. She started out saying that they would definitely be getting an offer from her and then had to backtrack as best she could.
@@intrepidtomato 7:21 "Can I say if we get to the bottom of this you will have an investment from me and I will tell you that right now". 12:22 "Will an initially impressed Deborah Meaden ignore her rival's concerns." 13:15 Deborah says she's out. I am sorry your hearing is so poor, you might find eardrops help. You may have thought she said "you won't have an investment from me" but then you should have realised that that would not make any sense in the context of the rest of the sentence or of her manner, and she would not have continued asking questions if she had already decided that she wouldn't invest.
You know this is old when Duncan says people won't sell their gift cards online. People sell EVERYTHING online nowadays, with apps like LetGo, Facebook's Market and for gift cards sites like Cardswap to either exchange or sell.
If people are too lazy to use their giftcards, they want bother going to a site to give it away or exchange it either. And the cards are already flexible to use in different retail shops. Its a dead good idea.
Shops for change their prices when Gift Cards season is on the horizon this enables them to manipulate you into buying more products as you will overspend or underspend always gift card companies also like the fact when people do not spend their gift cards this means the company's get to keep the money without having to supply the goods it's like profit but for free
I once sold a £100 Marks and Sparks Voucher for £107 P+P during the early days of Ebay. Also Duncan taking the piss at the start. "You mean the money they have gave me for fuck all is to be recycled "
Coincidence that Deborah found something in the end to suddenly trash her HUGE interest which she had 5 minutes earlier....or was it just that she didn't want to be seen to agree with the rest after getting it so wrong initially.
The gift card market is predicated on non use. Peter Jones statement of "10%" non redeemed and you wont make any money" was simply to protect his lucrative interests. This concept of basing a business model on selling something that wont be cashed is nothing new. Travellers cheques created a valuable market based the model of people giving them money which they never used, so the issuer of the travel cheque gets to keep it. The retail association in Australia led a legislative change not allowing gift cards to be exchanged for cash as it would harm the cash flow of SMEs. This occurred a few years ago and when you dig a bit deeper, you find that it was multibillion dollar giants like Bunnings that pushed for this and not small business associations. Peter Jones is clearly wanting to keep such a lucrative industry up and running whereas Deborah Meaden appears to be behaving ethically and does not have any give card business interests.
This has tremendous potential, silly dragons. Sending electrons through a wire, that'll never make money...Selling water in bottles, who'd buy that? Etc...
Serves the Dragons right, If these two with the gift card sell business get another investor and go on to make it big! The Dragon then later on read how this new gift card exchanging site is a huge money success. They be crying into their cornflakes...
Now I imagine a gift card for Dragons Den that entrepreneurs can use to trade in instead of % in their company. ”Yeah, so Debrah agreed to pay the full amount of money for 25%?” ”Yep, and we are gonna pay it with 23% and our 2% gift card.”
Video starts at 2:40
bukifuriku cheers bro ❤️❤️xx❤️❤️xx
1:57 :}
cheers bruv
I bet I’ve saved 3 years of time altogether thanks to these comments.
Top lad
"Hello, dragons" *Takes notes*
Oskar Våle “pitch of tone at a velocity of 46.3. This damn child is nervous...”
Oskar Våle just to ease up the awkward situation and to move on with it tbh if i were in their shoes i would have draw a duck or rabbit just to escape the current reality !
Ah it does help to remember their names to be fair
This comment is underrated.
"Dear diary, I smell fear"
I prefer the universal gift card called "money"
But money isn’t universal if it has to be converted country to country.
@@vizhique473 I accept PayPal
corydoras what?
@@vizhique473 Universal money.
corydoras but paypal isnt money, its a secure transfer system that automatically converts currencies ...
7:15 Theo fanning himself with his cash lmao
theo is a twat
so is peter, they just dont want ppl to sell their own gift vouchers....
I've never understood the logic behind getting someone a giftcard for a present. So you had £20 that could be used in any shop, then exchanged it for a giftcard only to be used in 1 shop and it also has a use by date. What if in that shop you want an item for £17.99, you either have to spend more money in conjunction with the remaining £2.01 or it will end up unused. In essence it's a gift that could potentially cost the receiver money.
DW97 some people do it to not spend the cash? I think stupid people they ate
Gift cards make sense if you view gift giving as something that should be fun.
If you give someone £20 they're going to be able to spend it on whatever they want.
A gift card forces the giftee to buy something frivolous. If you want to get them a game, but don't know what games they like, a gift card to a game store would ensure they buy a game instead of being 'sensible' and paying off debts (which cash would allow).
Vouchers are like giving hallmark greetings cards, completely devoid of any thought and meaning. I think giving someone a gift should show appreciation of who they are as a person, so it should be something you've put thought and effort into selecting. Vouchers are the ultimate way of showing you don't care enough about a person to get them a proper gift, but have an unwanted obligation to give something (the commercialisation of fake love).
Thing is with cash as a gift, say for a teenager, what would stop them spending it on alcohol or cannabis in todays society, this is not uncommon. So the gift card minimizes this and makes sure they actually get something and not waste it. They could also blow it on sweets, cigarettes, other people and even worse things.
It's the perfect present to buy someone that you're not sure what to buy. Cash always feels cold. But a £20 giftcard to newlook and they can buy that new dress without feeling guilty because there's nowhere else it could go anyway
most people that get cash will just throw it in they're bank and forget about it, a gift card forces the person to go out and treat themselves
The groan they made in unison when they hear how much he made in his last job 🤣🤣🤣🤣
11:03
Hajo Hoekstra Thank you.
I so wish Duncan never left, best dragon theres been.
Are you serious?
@@captainenaad9579 he definitely has the most personality.
Agreed
not. he's only famous for a gym that gets outclassed by pure gym
Has he gone? What a relief!
Peter wants to know how much the Company has made to date
Peter: How much have you made to date?
Duncan doesnt look impressed
Duncan: I am not impressed
Narrator drives me insane
Yeah, seems like it's sort of like an American show with narration like that
Dude you don't quit a job that pays 100ks per year for a high risk start up!
Do both or hire good sales men & women to boost your startup
He obviously didn't...
Maybe hated his job so wanted a good excuse to quit
Too late. He did.
Give me a 100k job see how hard it will be to peel.my corpse off that desk.
He probably wanted a break from his last job. Even a failed small business venture probably doesn't matter that much in the long run. Spent almost no money on a small website, so what?
Lmao Deborah was keen until Peter shut them down, they all just listen to Peter
Forrest Campbell that’s because he’s struggling to get excited. It’s just a gift card.
well he’s in that market so i guess it would be wise to listen to what he says
Guys guys guys. I just thought of a mind blowing idea: imagine a gift card that works at every shop! Oh wait...
Tazny Vera yeah money 😂😂
These two clowns never spoke to a lawyer about this. They are not wise.
It’s actually a thing now that’s popular 🤷♀️
Visa gift cards are a thing. You don't just give people your own card as a gift
@@orpheus0108 Yeah but before going to a store and buying a $50 Visa gift card, I just put $50 in the birthday or Xmas card like most people lol.
Not sure why 2.5 minutes are wasted by showing the opening segment of the series. A horrible job of editing.
they havnt got enough good footage so they fill it with shite to kill time
Get it over 10 mins
Adam Rutter nope
and for that reason, I'm out
I'd rather have $10 of money I can use anywhere than have a $20 voucher sitting around that I have to spend at a shop I don't like.
I think this is a really good idea!
Just swap it with someone you know will use it for cash, win win
I usually sell my vouchers say a 50 pound one for 30 or 40 quid. I hate vouchers and would always rather have the money.
sell it on Ebay
The company dissolved in 2014. Not such a great idea as it turns out.
@albert fish It's a good idea to sell your own gift card to someone if you have no intention of ever using it. But it's not a good idea for a business for the reasons explained by the Dragons. Too many legal hurdles and not enough profit potential.
Skip to 2:20 if you don't want to watch the start of the episode, they start their pitch at 2:28 if you want to save your life watching it none of the dragons invested and in 2018 they are no longer.
They are no longer what?
@@markusburkus2257 In existence
Thanks bruh
Neither are Zeek. Looks like this business concept just doesn’t work.
"you're a scouser... and for that reason I'm out"
Ehhhhhhhhhhhhh nooooooooooooo
Hi I'm Jenny
why as a business owner would you hate people letting gift cards expire? that's the dream! its money for nothing ! what is Duncan talking about?
James Wagstaff because in contrary to popular belief, some business men actually care about creating value and not causing annoyances for their customers..
Also if someone uses a gift card and buys something they like, they might come back because they've already been to the store. Or when they use the gift card they might find something else they like. Short term it's better if the gift cards aren't redeemed. But in some cases it's better long term if they are.
But also there's the integrity end. Some businessmen pride themselves not only on financial achievement but high customer satisfaction and getting those customers what they want.
Duncan owns gyms and hotels, he wants customers to use the gift card and then either sign up for the gym or book a holiday or stay at his hotels, not just waste 50 pound on a gift card.
Also gift cards are gifts. Something you give to other people.. and as such can bring in and capture new customers.
These 2 guys are well known very successful scouse business men.there last business made millions selling chocolate fireguards & sun roofs for motor bikes
Awkward for Debra Meadon. She initially said at 7:21 'you will have an investment from me, I'll tell you that right now'. Then everyone else came up with a load of reasons not to invest, ones she must not have thought of and then gets out on the legalities of it in the end. Smoothly done, lol.
alistair lee - you need your ears cleaned - she said WON'T.
She says it, the subs say it and it makes sense in the context of Duncan's banter. It is you who needs a otoscope my friend.
alistair lee - subs can say what they like, put on headphones, can clearly hear the t.
John Clegg are you dumb? Even by your logic you're saying she said "you willt have an investment from me".
she definitely said if we get to the bottom of this you WIll get a investment from me i can tell you that right now !
3:09 Theo licking his lips when Simon says "What would you do if I gave you this crisp 20 pound note" bahahaha !!
Why do they call him Theo the fetus?
7:32 That moist hand clap hit all the right notes.
I'm crying! I didn't notice that until I read your comment hahaha
Lmao at this comment
HAHA
I'm Ooot
*WOT THE HELL IS GOING ON HERE DEBRA*
I’m dying 😂😂😂😂😂
Deborah doesn't talk like that
Im sure there are no legal issues with selling them on. Terms and conditions dont mean shit. Anything you own is yours to sell on or do what you see fit with.
The Red Devil Gaming Channel explain why
I agree with londontrada.
It can't be any legal issues with that. It's yours. You have bought it, own it and can therefore sell it like anything else that is yours.
Some people point to "red devil" channel for more info and I tried to check, but it's many "red devil" on you tube. What's the link instead?
The terms and conditions do mean shit, because the retailer can refuse to honour them if they've been sold to a third party, and a court will agree with them, since you'd be in breach of the terms and conditions (and therefore contract) of using the product.
Of course that assumes that the retailer knows that you've sold on the gift card.
Richard Crooks
But that also is under the terms and conditions. If the terms and conditions doesn't stipulate "third party", it's yours, free to do what ever you want with it.
Its completely up to the business in question whether or not they honour them. Nobody suggested that the people selling them would be prosecuted for selling them. The point is that if businesses decided to not honour them if theyve been sold to a third party, obviously nobody would buy them from a third party and the people selling them would go out of businesses (which wouldnt make it a smart thing to invest in)
12:54
What a horrible fake laugh, only there to mock them.
So disrespectful, I hate his attitude
Totally agree
sorry that was my car. didnt start.
I would laugh at it too. Gift cards have terms of conditions. You not suppose to resell them for cash or return them for them to not have a lawyer to me it does come across as a joke.
The whole way through he was shaking his head and smirking. Its fair enough to disagree with them but to mock them like that.. Its unprofessional and rude.
What do you call a Scouser in a suit........The Accused......
Duncan hits it right on the head, and I felt exactly the same way, if I had a £50 gift card and was going to sell it online... I'd want £50, simply because the value on that card is £50.
Selling it for £30 to me would be no different then me giving a £50 note to a cashier and saying I don't want this money in note form... I tell you what you can have it, if you give me back £30 in pounds coins.
If a seller is selling a £50 gift card for £50.... what's the point? A buyer who wants a £50 gift card, will just go into the shop and buy a gift card putting £50 on it in the first place with cash or credit card.
The fact there is a market where people are selling their gift cards, either means the seller is crazy enough wanting to lose money or the buyer simply overlooks the simplicity of going to the shop and buying a gift card putting money on it in the first place.
Sure but instead of 50 dollars at a beer store, since i dont drink alcohol i would rather sell it for 30 dollars for a clothing store credit and have 30 dollars to spend on clothes. Still a win to me.
The website is no longer running, guess it failed!
"guess it failed!" Haha... They probably couldn't patent it, or license it out, there are now hundreds of company doing the exact same thing and making bank
either way the fucker that said its illegal has a point
it is but fuck all on it
Ellias, I am not sure it is the same in every country, but i know of countries where for issuing gift cards, the company issuing them must apply for something like a banking licence. (Obviously for reasons of protecting customers. You don't want a company to collect millions and disappear)
I am not sure why selling them second hand would be illegal. The deposit will remain with the card issuer, and the gift cards are not in name. How is it different from selling baseball cards or postage stamps?
it was always a bum idea hence it not working
the guy on the left has the longest eyebrows in the universe.
3:05 that fucking zoom on Theo xD
I didn't realize that seasoned business men and women would question the legality of the sale and trade of "gift" cards..... How utterly amazing that they could be so stupid.
The anti-scouse comments on here are ridiculous and show how small and narrow minded, the British can be! Great city, great people!
Next time someone makes a comment, please accentuate what part of the UK you are from, so we can scrutinize your particular town/city
I go their every year to visit my hubcaps
Dave Barker 😂... they don’t get our sense of humour
Fuck off
A large percentage of the comments always pick on the ethnic minorities and female dragons on the show as well. Also every non-white English business person to come through the door is apparently 'shifty'. Really shows you how Brexit happened.
They acted like this was new. This has been done in the US for over a decade.
They said first in the uk
This is a very old video...2011 i think.
6:35 when someone in school suggests a stupid idea to the teacher, you laugh, then the teacher thinks its a brilliant idea
There are some problems with this idea not raised in the den: 1) what's to stop someone from selling a gift card that is (partially) depleted? 2) these days most cards come with a code so that can be used to redeem the card online. Someone could easily sell the card and then spend the balance before the buyer has a chance.
Is there a need for the narration before the dragon speaks?
No. Not at all.
Trusty Stranger 🤣🤣🤣🤣
Regarding multipacks from "convenience store":
Dear Jac: Splitting multipacks
19 Sep 2008 | By Jac Roper
Here’s another retail-detail query that I get from time to time. Karamjit Rai, who runs Raisway in Derby, wanted to know if he could split up multipacks of Coke that he bought in 6x330ml, three to an outer configurations at the cash and carry. “An outer of 24 costs £4.99,” he points out, “and the margins are better if I sell singles for 55p. All around its rim it says ‘multipack cans’, but it doesn’t say it cannot be sold separately.”I asked Karamjit whether he has a scanning system, because if he had the singles would not have a bar code. However, he doesn’t. So I rang the Trading Standards Institute and asked whether you could split packs and whether you had to adhere to any prepricing printed on packs. The press officer said: “Funnily enough, I’ve got a can of Coke in front of me right now that I just bought and it doesn’t have a bar code on it either.”He adds: “You can overprice, although the best practice is not to. The second best practice is to make sure the new price is stuck on and cannot be removed.”The main thing is to make sure that the price is clear, which Karamjit has done. In terms of labelling law, the required info on the label is the manufacturer’s name, list of ingredients, quantity contained and any pertinent warnings about additives and so on.
I think Peter was just salty that people hate his stupid gift company. He seemed genuinely self-invested in ruining these guy’s dreams.
In SA the scene has changed to shopping mall cards. Now one has possibly a hundred or more shops where a card is valid including grocery shops.
Why would it annoy Duncan if his customers didnt use thier giftcards? Its free money for him cus they pay £20 for a plastic card
First question should have been: “Who is buying your cards back.” Second Question: “How much percentage do you get back per gift card VERSUS the value that you paid for it:”
How do they make sure someone isn’t trying to sell them a gift card that’s already been used?
Gigi M The same way any website or store that accepts cards checks them it’s very simple.
iMango. It is easy if the issuer gives you access to that information. Why would they?
Every birthdwy and Christmas I get either a gift card to a bookstore or to the mall and I actually like getting them, am I the only one?
It starts at 2:50. You're welcome
How could an entrepreneur be called "Alan Brown" that is literally the name a rug would take if it magically became human
The reason giftcards go unused is not because people don't want to use them. Its because they either get lost or forgotten about. If you've lost or forgotten about a giftcard, how exactly are you supposed to sell it?
Regarding buying and selling giftcards.
Yes you can trade in giftcards.
It's many sites who offer this trading.
Ebay is one.
How to safely sell giftcards on Ebay:
More and more, we are all sending and receiving gift cards for holidays, birthdays, wedding gifts etc. Like any gift, sometimes we receive gift cards for stores and restaurants that we just don't use. Maybe your co-worker gave you a gift card to Starbucks and you aren’t a coffee drinker? Or maybe your friend gave you a gift card to Regal Cinemas and the closest one is 45 minutes from your house? Don't let those unused gift cards go to waste! Gift card buying sites like Raise and Cardpool will only give you a fraction of their value, especially for cards that don't generate a lot of demand. Selling gift cards on EBay can get you face value (or more) if you do it right. Unfortunately, there are a few unscrupulous folks out there that are looking for sellers who don't know what they're doing. Here are some of my tips for selling your unused gift cards for top dollar and avoiding the scammers.
Don't scratch off the code on the back of the card. This gives potential buyers confidence that the gift card has not been used.
If you want to sell fast, price your gift card just below the value of the card and sell it using "Buy it Now". This will ensure that your gift card will sell as quickly as possible and get the most return.
If you don't mind waiting 7 days and you have a highly sought after gift card (visa, itunes, amazon etc.), use the Auction feature and price it just below face value. Often, gift cards will sell for over face value if other buyers are bidding for them.
Have the buyer pay for shipping. The cost of shipping can eat into your profit margin and is usually not an issue for most buyers.
NEVER give the buyer the code on the back of the card after the sale. Often, scammers will ask you to scratch the back of the card and e-mail the code to them after they purchase the card so they can use the funds right away. This is a classic scam where unscrupulous buyers will use funds from stolen Ebay accounts to pay for gift cards and then empty the balance on the card before they are shipped to the address on the stolen account.
Make sure that your mailing the card to a verified address and take a picture of the back of your gift card before mailing it out. This way, if the buyer says that there were no funds on the card when they received it you can have the vendor track when the funds were used.
When packing your card for shipment, place the card between two pieces of cardboard or a folded piece of card stock to disguise the fact that the package contains a credit or gift card. This helps to ensure security during shipment.
Always ship with a tracking number. If the buyer says that they didn't receive the card or they received an empty envelope, you can use tracking information to challenge their claim.
Nicest let down I’ve ever seen from the dragons.
Love a gift card especially M&S it’s like getting free shopping
Give someone a gift card with a store limit and time limit ... and usually no change from an underspend.
Give someone money accepted worldwide and NO time limit ... and you get change.
Gift cards are the lamest idea ever, and once spent go to landfill.
Some say gift cards are pointless as they are more restrictive than cash. I said “I get your point but by the same logic a traditional gift is even more restrictive. Why bother at all? I enjoy perusing a music or bookshop when I hadn’t planned on buying any music or books. It forces me to broaden my horizons. I love gift cards. I wouldn’t want to loose any value on it. I have also been known to use them to buy other people gifts with” Am I right or wrong? ❤️
Nigel Harris I don't agree. I think they are terrible, because they are less versatile than cash and less thoughtful than a gift. A gift tells you what others think about you and also tells you something about the person giving it. A gift card pretty much says someone doesn't know you or is too lazy to buy a gift (and take the risk that it might not be a great one). If you dont know the person I wouldn't mind not getting a gift and if I did know the person id be sad with a gift card more than with the crappiest gift, but anyways I'd rather have cash :p Bit of a rant maybe but that's my 2 cents
Nigel Harris
You’re wrong: it’s “lose”, not “loose”.
Plus I'd rather get a shirt that I might wear than have to go to that specific shop and pick one out of my own time wasted. Much better to just get money or an actual gift someone would like.
Deborah at the end talking about the legal side. She had no clue, the only reason she thought about it was because the other dragons did.
Who is Brenda? 😂
@@robertpowell3634 ffs meant Deborah haha
@@xey7459 I know but had to say it 😅😂
I soo prefer the earlier series, Other than the obvious dragons differences, i cant quite pinpoint why
def miss Duncan being in it.
I just sell my unwanted gift cards to people I know, never been that hard.
Dave K I'm a bit confused by this. Why would somebody buy a gift card off you with their money, that they could just use at that store anyways?
It makes sense. For instance if you got a gift card for your birthday for a clothing store you don't shop in, then why waste the opportunity to make some cash? Adjust what percentage yield you get depending on the price of the card. It's all profit anyway since the card was a gift. For instance. If you shop in New Look and someone gives you a voucher for Sports direct. For a £100 card offer a 50% discount off the face value. You still make £50 pure profit. For a £20 card sell it for £15. In that way you get free money. Your mate gets a massive discount on their next clothes shop. And life goes on with everyone happy. The service these guys offer seems great but it would be subject to retailers terms and conditions. At the moment I can buy a Sports Direct gift card in London and use it in any Sports Direct in the UK. How long after a business like theirs starts up that the businesses make the cards store specific so you have to use it where it was bought. Or it becomes like a concert ticket and it becomes name specific and you can only buy the cards online and they come with the intended users name on it. All the terms and conditions that have been put in action to stop ticket touts would be applied to gifts cards and boom. Their business goes bankrupt overnight.
Peter's right. Businesses bank on the fact that 10% of cards won't be cashed, it's easy money for them. If they lose this extra income they'll make them non transferable by businesses.
those dragons seems really like down to earth people
They talk about retailers tightening up. Do they not realise that gift cards are not called gift cards because people buy themselves a sort of gift but can't quite decide what to get so they give themselves a voucher instead? Gift cards have to be transferable or nobody would ever buy them ever, at all. Just go back to a birthday card with a tenner inside -- which is what everybody wants, anyway.
Deborah was never going to invest after what peter said
they were dumb to not invest as there are many services like this in the UK now
I don't know why any business would try to get investors if they haven't legally secured their business to ensure they are following proper laws and regulations.
Other episodes: "You havent quit your job to put everything in this busiess? You're not committed enough. I'm out."
This episode: "You quit your job to put everything in this business? You're stupid ad reckless. I'm out."
Make up your minds people.
James Caan is among my Top 3 dragons of all time! Man that dude was classy.
Gift cards are really lame, but I genuinely think this is a good idea. I would totally use it.
Where is Bannatyne actually from?
I don't know any Glaswegians who say "coostimers"
The Dragons should be biting the hands off of these two guys. Because what these guys are offering is a no-brainer. They are offering an advertising retargeting service. The customers of this service are essentially doing the work that companies like Facebook and Google sell for billions of dollars -- for free. They are refining the targeting of ads, redirecting sloppily targeted advertising to put it into the hands of the correct demographic. And the customers do all the work. Retailers should be all over this. Not only should they allow this service, they should sweeten the deal. They should say, "We will offer you 10% more (or whatever) of the face value of the coupon if you bought it from this reseller."
Would you rather have a £20 gift card which can only be spent at a certain company or £20 cash? I suspect 99% of people would prefer the latter simply because they can buy what they want where they want. If they are offering to buy your gift card for a small charge, I think they are on to a big winner
Duncan's reasoning is like the reasoning a child gives before understanding the most basic concepts of economics
Interesting as gift cards are like a deferred revenue. Technically it makes a balance sheet liability even though you have been paid cash. When you think about it cash doesn't expire and therefore an expiry on a gift card is there to balance the revenue on the books for the company otherwise it sits in purgatory. However if you ask the retailer how does cash expire? I want to spend it.. they should honour it.
Why are they called dragons? They're lovely people , very personable and likeable!! Xx and I can see why they're successful.
why does the pitcher on the right, look like he's just stepped out of a 60's pop video?.and Debra suddenly look 60 years younger. Time machine?.
Could well be. Maybe this was recorded in the early 60s
I think she was more concerned about Peter and the other dragons all expressing doubts than she was with the legality of it... If her chair was equipped with an ejection seat she'd have had hit the button rather than admit she spoke too soon.
'This card cannot be exchanged for monetary value' springs to mind, but to be fair they don't state whether that exchange is by the retailer or individual, but some do state not for resale.
Some vouchers also need the corresponding receipt which would be a bit of an issue when selling it on, if the seller isn't willing to part with their receipt.
Would not be surprised if this company hasn't folded. Definitely would not want to be part of that legal battle against retailers 😬
Why is the host/narrator pretending to not be blind. Just notice where his eyes are looking when the camera is on him XD
I'M OVER HERE, MANNNN!
there’s like 7 websites now that do this? (Cardpool, etc)
this was 7years ago
What job led him to earn 100k a year
Anønymøus Víds he said they both worked in finance so he was probably a banker
Risk analysts, stock brokers, financial advisers they earn alot
nadine nona not anymore
100k for someone who has worked in the city for 10-15 years is pretty normal. In front office investment banks, brokers, sales you can make much, much more.
Anønymøus Víds electrical engineers can earn 100k
Debra only makes an offer if Peter does. She doesn't seem to have a brain of her own. She loved this but when Peter dashed it she declared herself out.
Their website domain is now for sale if anyone fancies wasting a few grand.
dragons den is all about peter jones, if he wants it he gets it and all the others get the scraps!!
Peter: ‘it’s just a gift card. I’m struggling to get excited. Why can’t I write a card of my own and sell it?’
The whole point of Gift Cards (especially the unredeemed ones) in the first place is they're a business card, a golden ticket and a casino gambling chip all rolled into one perfect, lazy, last minute impulse buy for the man/woman who has everything.
Gift cards essentially represent, advertising, customer loyalty and, if they expire, free money! Which is why the Dragons instantly hated this pitch; though Duncan and Deborah showed genuine interest in the fact these two guys seemed to have figured out a way of "beating the system" but Peter was right, he basically warned them if they went ahead there would be an almost guaranteed chance that they would be sued... most likely by the Dragons themselves
How embarrassing for Deborah. She started out saying that they would definitely be getting an offer from her and then had to backtrack as best she could.
She said she WONT be investing. It was as clear as day.
@@intrepidtomato She EVENTUALLY said she wouldn't be investing. Try and keep up.
@@lizclegg7556 I'm sorry that your comprehension of English is so poor. She said it in the beginning while Duncan interrupted her.
@@intrepidtomato 7:21 "Can I say if we get to the bottom of this you will have an investment from me and I will tell you that right now".
12:22 "Will an initially impressed Deborah Meaden ignore her rival's concerns."
13:15 Deborah says she's out.
I am sorry your hearing is so poor, you might find eardrops help. You may have thought she said "you won't have an investment from me" but then you should have realised that that would not make any sense in the context of the rest of the sentence or of her manner, and she would not have continued asking questions if she had already decided that she wouldn't invest.
You know this is old when Duncan says people won't sell their gift cards online. People sell EVERYTHING online nowadays, with apps like LetGo, Facebook's Market and for gift cards sites like Cardswap to either exchange or sell.
If only they knew then how successful apps such as Zeek are, the dragons may have acted differently.
Peter’s experience day voucher company, is that Red Letter Days that he bought off other dragon rachel elnaugh after it crashed and burned?
If people are too lazy to use their giftcards, they want bother going to a site to give it away or exchange it either. And the cards are already flexible to use in different retail shops. Its a dead good idea.
The website Zeek does this and they are doing pretty well
Theo is such a prick
Kevin Twine Theo the fetus
One time they are disgusted that the entrepreneur won’t give up their full time job , the next the tell them not to do so !
Guy = *Has Scouser accent
Me = 'I'm Out'
Shops for change their prices when Gift Cards season is on the horizon this enables them to manipulate you into buying more products as you will overspend or underspend always gift card companies also like the fact when people do not spend their gift cards this means the company's get to keep the money without having to supply the goods it's like profit but for free
Did we really need the intro tho... everyone here is already addicted to watching these videos lmao
I once sold a £100 Marks and Sparks Voucher for £107 P+P during the early days of Ebay. Also Duncan taking the piss at the start. "You mean the money they have gave me for fuck all is to be recycled "
Coincidence that Deborah found something in the end to suddenly trash her HUGE interest which she had 5 minutes earlier....or was it just that she didn't want to be seen to agree with the rest after getting it so wrong initially.
Did they not carry out a feasibility study before even spending a penny?
You are gorgeous
@@markusburkus2257 my gf is even more gawjuss
' thinking what could I do with those gift vouchers?'' ehmm how about SPEND them....
who is the host looking at
tbird81 - Who, me?
The gift card market is predicated on non use. Peter Jones statement of "10%" non redeemed and you wont make any money" was simply to protect his lucrative interests. This concept of basing a business model on selling something that wont be cashed is nothing new. Travellers cheques created a valuable market based the model of people giving them money which they never used, so the issuer of the travel cheque gets to keep it. The retail association in Australia led a legislative change not allowing gift cards to be exchanged for cash as it would harm the cash flow of SMEs. This occurred a few years ago and when you dig a bit deeper, you find that it was multibillion dollar giants like Bunnings that pushed for this and not small business associations. Peter Jones is clearly wanting to keep such a lucrative industry up and running whereas Deborah Meaden appears to be behaving ethically and does not have any give card business interests.
This has tremendous potential, silly dragons.
Sending electrons through a wire, that'll never make money...Selling water in bottles, who'd buy that? Etc...
did that guy really give up a 100k job for a risky business idea? I bet he feel stupid
Scared money dont make no money
Give up? Like he couldn't go and get another 100k job when this failed...
The collective dragons facepalm is just simply fantastic
If you're scared to take a chance, how the fuck we gonna get rich - J. Cole
Probably wanted a break from a high stress job in finance. And why not. Hasn't lost much by setting up a small website.
Serves the Dragons right, If these two with the gift card sell business get another investor and go on to make it big! The Dragon then later on read how this new gift card exchanging site is a huge money success. They be crying into their cornflakes...
Now I imagine a gift card for Dragons Den that entrepreneurs can use to trade in instead of % in their company.
”Yeah, so Debrah agreed to pay the full amount of money for 25%?”
”Yep, and we are gonna pay it with 23% and our 2% gift card.”