Author Topic: Benefits  (Read 1064 times)

Garth

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Benefits
« on: September 11, 2018, 05:05:41 pm »
Member benefits are hypothetical at this point until the network is big enough to use.  With each new member comes a pledge to accept a specific amount of eQuid per month.  This limit protects members from ending up with more eQuid than they can spend.  The ultimate goal is to grow the network to the point where limits are no longer needed.

Both Individual and Business members will want to set their pledge based on where they know they can spend their eQuid.  As the network expands pledge amounts can be raised and in the process is a measurable increase in the value of the network.  I am suggesting the minimum pledge to be $500 for US members and it is the goal of the member to find or enlist new members so this amount can be spent each month.  For example businesses can encourage employees and vendors to join the network so they can use the eQuid they receive from customers to pay for labor and materials.  Individuals can reach out to local businesses so they can buy the things they need with the small amount they have.  For example vendors at farmers markets or restaurants or other mom and pop businesses and service providers.

The benefits increase as the network grows.  The immediate benefit to businesses is exposure for bringing in new business.  Becoming a member can be leveraged in advertising, marketing and businesses will be visible in the directory.  When the network is big enough a busienss will benefit from reduced employee benefit costs, reduced employee training, a better supply of skilled workers, and the potential to generate new business by participating in projects.  Projects have the potential to recession proof a small business.

Short term benefits to individuals include the opportunity to earn a little extra money by participating in projects.  Long term benefits once the network is big enough include affordable dental care, healthcare, paid job training, jobs available for anyone who needs to earn a living.

The other benefits that everyone shares include the security of knowing someone has your back, the security of knowing you can earn a living wage at any time and the peace of mind knowing that eQuid is funding projects that facilitate putting back more than we take.