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Great moments in bad ideas


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#1 Mr. Scot

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Posted 04 February 2013 - 06:03 PM

Thank you, Jacoby Jones

Gardiners Furniture of Baltimore offered a promotion to any customer who purchased furniture this past weekend: If a Raven returned a kick for a touchdown to start the game or the second half, boom: free furniture!


Oops.

#2 Seal (SmittyIsOurSavior)

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Posted 04 February 2013 - 06:08 PM

Sounds like the Perry's Emporium guy.

"If it snows in Asheville on Christmas Day, all of the jewelry you buy between now and then is free!!"

*Snows in Asheville, Perry gets national media attention*

#3 Doyle

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Posted 05 February 2013 - 01:00 PM

I think they buy insurance to cover that so they don't really lose out on anything.

#4 Sapper

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Posted 05 February 2013 - 02:11 PM

Yea - promotions like that are heavily insured.

Remember the Chip Player commercials with John Fox guaranteeing a free TV if the Panthers won the Super Bowl one year?

Too lazy too look it up but I assume we went 7 - 9.

#5 Darth Biscuit

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Posted 05 February 2013 - 02:18 PM

Yep, a local jewelry company does this every year for Christmas... if you buy jewelry before a certain date and it snows in whatever location they choose, it's all free... the 2nd year they did it, it did snow.

It's just an insurance policy they buy.


#6 MadHatter

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Posted 05 February 2013 - 03:19 PM

Yep, a local jewelry company does this every year for Christmas... if you buy jewelry before a certain date and it snows in whatever location they choose, it's all free... the 2nd year they did it, it did snow.

It's just an insurance policy they buy.


Yep. Is similar to what happens when companies donate items for a contest.

For instance....many charity golf tournaments have a hole where a hole in one wins a car. We did this all the time when I worked for Rick Hendrick. We purchased an insurance policy to cover the price of the car int he event of a win. The policy is quite inexpensive because the chance of paying off is very low. Policy like this on a $30k car was about $500k.

#7 Happy Panther

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Posted 05 February 2013 - 03:22 PM

I used to price this kind of insurance.

#8 njpanther

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Posted 06 February 2013 - 08:15 PM

Yep. Is similar to what happens when companies donate items for a contest.

For instance....many charity golf tournaments have a hole where a hole in one wins a car. We did this all the time when I worked for Rick Hendrick. We purchased an insurance policy to cover the price of the car int he event of a win. The policy is quite inexpensive because the chance of paying off is very low. Policy like this on a $30k car was about $500k.



$500k for a $30k car seems a bit expensive.

#9 MadHatter

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Posted 07 February 2013 - 06:25 AM

$500k for a $30k car seems a bit expensive.


Meant to type $500 (not $500k).