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Mr. Scot

Great moments in bad ideas

9 posts in this topic

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.

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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*

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

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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.

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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.

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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.

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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.

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

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

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