NEM Industrial Automation Parts - Asset / DAC:
First, I would like to apologize for this being so long, but I wanted to show how BIG this could be…
I handle an industrial Automation Parts Business. I didn't even plan on selling parts when I started, but there we're many times customers didn't know what parts we're needed or where to get them. All my sales are by word of mouth from doing on-site projects. Thus far, the lowest cost part that is sold is about $400 and the highest cost part is about $35k. All sales have been to the US, Cananda, Australia and New Zealand. There is a webpage that was built already and I even added the webstore myself (Joomla - I think), but have not had the time to market the Webpage or appropriately manage the Internet store (neither of which is my forte). I've had 3 or 4 friends over the past two years manage certain aspects of the Parts Sales One had the webpage built, one handled invoicing, payments and some shipping and receiving, while the 3rd handled only shipping parts. I absolutely had to have this, as I do not really have a PLACE I call home. In all cases they we're really not interested enough in disengaging from system of being an Employee in the Old World Commerce and engaging in a New Commerce World (Entrepreneur). Eventually, they all got 40 hour week jobs except 1 who still helps, but she has her own things and is a only a passive player with her own dreams, none of which are industrial automation parts. I was hoping to run into the perfect person, as this is an incredible opportunity, but have not yet If I can sell thousands of $$ worth of Industrial Parts per month, by world of mouth conversations, then imagine what could happen if there was marketing, sales, treamlined parts, invoicing, and estimates.
There is a bit of opportunity to BUY into he Assets. Maybe someone else has some ideas. Often when I order parts I get 30 days grace to pay for them and I can get paid from the Customer before having to pay the Vendor. Other times, I have to pay at time of shipping, but do not get paid until 30 days after the order is delivered. If this is a risk you do not want to play, and you do not really know me, then we can do 100& up front payments, but we will lose some sales. So, we could issue some Assets to pay for the parts up front or whatever else may be needed. I have been handling everything as pass-through, meaning I do not keep anything in inventory, and only order it once I receive the Order. These are BIG companies and they always pay. It costs them more for 5 minutes of downtime than it does for my most expensive part.
My proposal
I kind of had this idea in my head where we had a revolving TIME BASED ASSET. For instance, we had a public ledger where people logged the time they spent and what they did with their time along with a maximum per week or month. For every hour worked, they received one asset. The asset slowly dissipates over a time period (let's say 1 yr). Whenever a part is sold the money goes back into the Assets and is divided proportionately among the Assets Holders (either purchased or time spent). Maybe the Web Page designer spends 10 hours a week for for the first 4 months and then backs off to 20 hours a month. The Parts person(s) receive asset for every Part they order, ship or receive. The marketing team get's Assets for every Part sold. Invoicing / Collections get Assets and even anyone who wants to learn the technical side of the Parts can get commissions from the sales. There would be need, depending on how well it goes, for those who are Electrical, Mechatronics, Robotics, experts to learn the techy aspect and could even eventually go on-site if needed…
I have been doing Industrial Automation since I was 20, full time, now over 20 years. These are big dollar items, not bed sheets and candy bars.
I would like to get going on this as soon as possible. I already have a dozen parts I sell on a regular basis. When I found NEM and what it stands for (New Economy Movement), I knew this was the platform I wanted to use. A little about myself. I have property and a house in an Intention Community and another property in an Eco-Community and handle Pure Trusts in my part time. The Pure Trusts are a way to keep an ARMS LENGTH from the Central Banking / Statutory Commerce. I consider Pure Trusts the first Decentralized Companies, just without Computers.
I am open to suggestions and look forward to hearing from people on this forum, especially to get this Asset off the ground. Since, I am knew to the forum, I am looking for some regulars to screen for only the Well Intended People.
Thanks,D
NEM Industrial Automation Parts - Asset / DAC:
First, I would like to apologize for this being so long, but I wanted to show how BIG this could be..
I handle an industrial Automation Parts Business. I didn't even plan on selling parts when I started, but there we're many times customers didn't know what parts we're needed or where to get them. All my sales are by word of mouth from doing on-site projects. Thus far, the lowest cost part that is sold is about $400 and the highest cost part is about $35k. All sales have been to the US, Cananda, Australia and New Zealand. There is a webpage that was built already and I even added the webstore myself (Joomla - I think), but have not had the time to market the Webpage or appropriately manage the Internet store (neither of which is my forte). I've had 3 or 4 friends over the past two years manage certain aspects of the Parts Sales One had the webpage built, one handled invoicing, payments and some shipping and receiving, while the 3rd handled only shipping parts. I absolutely had to have this, as I do not really have a PLACE I call home. In all cases they we're really not interested enough in disengaging from system of being an Employee in the Old World Commerce and engaging in a New Commerce World (Entrepreneur). Eventually, they all got 40 hour week jobs except 1 who still helps, but she has her own things and is a only a passive player with her own dreams, none of which are industrial automation parts. I was hoping to run into the perfect person, as this is an incredible opportunity, but have not yet If I can sell thousands of $$ worth of Industrial Parts per month, by world of mouth conversations, then imagine what could happen if there was marketing, sales, treamlined parts, invoicing, and estimates.
There is a bit of opportunity to BUY into he Assets. Maybe someone else has some ideas. Often when I order parts I get 30 days grace to pay for them and I can get paid from the Customer before having to pay the Vendor. Other times, I have to pay at time of shipping, but do not get paid until 30 days after the order is delivered. If this is a risk you do not want to play, and you do not really know me, then we can do 100& up front payments, but we will lose some sales. So, we could issue some Assets to pay for the parts up front or whatever else may be needed. I have been handling everything as pass-through, meaning I do not keep anything in inventory, and only order it once I receive the Order. These are BIG companies and they always pay. It costs them more for 5 minutes of downtime than it does for my most expensive part.
My proposal
I kind of had this idea in my head where we had a revolving TIME BASED ASSET. For instance, we had a public ledger where people logged the time they spent and what they did with their time along with a maximum per week or month. For every hour worked, they received one asset. The asset slowly dissipates over a time period (let's say 1 yr). Whenever a part is sold the money goes back into the Assets and is divided proportionately among the Assets Holders (either purchased or time spent). Maybe the Web Page designer spends 10 hours a week for for the first 4 months and then backs off to 20 hours a month. The Parts person(s) receive asset for every Part they order, ship or receive. The marketing team get's Assets for every Part sold. Invoicing / Collections get Assets and even anyone who wants to learn the technical side of the Parts can get commissions from the sales. There would be need, depending on how well it goes, for those who are Electrical, Mechatronics, Robotics, experts to learn the techy aspect and could even eventually go on-site if needed..
I have been doing Industrial Automation since I was 20, full time, now over 20 years. These are big dollar items, not bed sheets and candy bars.
I would like to get going on this as soon as possible. I already have a dozen parts I sell on a regular basis. When I found NEM and what it stands for (New Economy Movement), I knew this was the platform I wanted to use. A little about myself. I have property and a house in an Intention Community and another property in an Eco-Community and handle Pure Trusts in my part time. The Pure Trusts are a way to keep an ARMS LENGTH from the Central Banking / Statutory Commerce. I consider Pure Trusts the first Decentralized Companies, just without Computers.
I am open to suggestions and look forward to hearing from people on this forum, especially to get this Asset off the ground. Since, I am knew to the forum, I am looking for some regulars to screen for only the Well Intended People.
Thanks,D
You can start off simply by creating your own tokens as asset. Each token has a value and together, all the tokens represent the larger asset value. The web programmer's claim for an hour of work may be 1 token. The part's guy may be 2 tokens, etc.
Obviously money is going to come from the proceeds of sales. So, you may have a pool of money for that and for that period of time.
As an issuer (meaning you or someone in charge), you certify the work done or part sold and you issue accordingly.
If you do not wish to do that and want that automatically done, you will need trust on the person who is going to be rewarded, i.e., you will trust that the web guy actually clocked 10 hours.
Automatically (using rule based) or manually (manual verification) can both be done in NEM.
On expiry of an asset pool for distribution, you can request that the holders of these tokens send them all back to you and you can re-use it for the next asset to share.
If you have multiple programs running, you can also set up multiple tokens in parallel. It is just a replication of the process.
Hope I understand your requirement. And if that is the case, this is one way you can do using NEM. There may be other ways of doing it NEM, too.
I don't think I fully understand what you're trying to achieve. Could you maybe brake it down to a smaller use-case ?
Anyhow great to have you on board and we really need people like you ! People that want to really use our technology and not just make a quick buck.