How long do I have to preorder?

[FaeMinx]

Hi ED.

I'm always watching what I do with my money as I'm self employed, and I have to force myself to be responsible even when I would rather not... for someone such as myself in a country such as this one - that is not an insignificant amount of capital.

As such, I haven't actually pre-ordered yet. But I also don't want to miss the boat.

Will you give us fair warning when you decide to close down pre-orders?

Say... Two Months warning before the cut off point?
That should give me enough time to pull a rabbit out of the hat if money is tight...

I could probably pre-order now, except that would put pressure on my business and if any unforeseen expenses appear (as they always do), I could really set myself back.

Thanks in advance for your time.

 

[EvilDragon]

There won't be a closure and you don't need to preorder.
When we start the production we will continue until we catch up - and then it'll be available from stock.

 

[ClockworkCoder]

I've been buying vouchers whenever I've had a little money to spare. It's a big hit all in one go.

 

[vcoleiro1]

There won't be a closure and you don't need to preorder.
When we start the production we will continue until we catch up - and then it'll be available from stock.

Current thoughts on doing a Kickstarter at some point in time?

 

[Bernd]

Why should he go now to Kickstarter?
Kickstarter would take theire share.
Paypal,.... too.
This makes the Pyra more expensive.
Like 20% to 30% more expensive.

The best thing is to work on the release.

The only thing for ED to go to Kickstarter would be to get cheap advertisement.
And that should be after the release of the first batch.


I still hope to get the Pyra before August, to be able to take it to my holiday trip.

 

[vcoleiro1]

Why should he go now to Kickstarter?
Kickstarter would take theire share.
Paypal,.... too.
This makes the Pyra more expensive.
Like 20% to 30% more expensive.

The best thing is to work on the release.

The only thing for ED to go to Kickstarter would be to get cheap advertisement.
And that should be after the release of the first batch.


I still hope to get the Pyra before August, to be able to take it to my holiday trip.

I didn't say he should do it or not do it, or even when . I simply asked what his thoughts are of doing a Kickstarter. ie if he plans it, if so , when etc etc

By the way Kickstarter fees are 5% and payments processing fees are 3% ie a total of 8%. And they do not accept Paypal

 

[Bernd]

Ah, now I remember.
Because of the high ammount of fraud kickstarter projects, Paypal dont allow Kickstarter-Payment.
(Because of that, ED couldn't accept Paypal for the Pyra upfront payment.)

 

[FaeMinx]

There won't be a closure and you don't need to preorder.
When we start the production we will continue until we catch up - and then it'll be available from stock.

That's a big relief.

Thanks ED.

 

[vcoleiro1]

Even Indiegogo is on it's last legs of being able to accept Paypal. As of Februaruy , I think only Australian accounts/campaigns can accept Paypal

 

[Bernd]

Its reverse.
Its not that Kickstarter / Indigogo don't accept Paypal.
Paypal don't accept Kickstarter / Indigogo because the refunds after fraud-campains got to expensive.

 

[Swordfish II]

Why should he go now to Kickstarter?
Kickstarter would take theire share.
Paypal,.... too.
This makes the Pyra more expensive.
Like 20% to 30% more expensive.

The best thing is to work on the release.

The only thing for ED to go to Kickstarter would be to get cheap advertisement.
And that should be after the release of the first batch.


I still hope to get the Pyra before August, to be able to take it to my holiday trip.

This guy wants it dirt cheap even though ED isn't making much on it and constantly complains when he hasn't bought any vouchers or preordered. His name should be vulture.

 

[vcoleiro1]

This guy wants it dirt cheap even though ED isn't making much on it and constantly complains when he hasn't bought any vouchers or preordered. His name should be vulture.

I see, so you are making up stuff now. I never said I want it dirt cheap. I never even said it should be cheaper. Where on earth you got that from is mystifying. By the way, as has been said, KS would make it more expensive which I'm fine with. Even though it would be more expensive, I'd be behind him doing a KS for the reason that it hopefully would enable him to clear his debts quickly. He has worked hard , I'd hate to see him struggle for years to clear his investor debt. I'd like to see that cleared and ED making a profit ASAP. Mind you, I don't think a KS should be done until the preorders are fulfilled and both the Pyra HW and SW is ready for it.

And no I don't constantly complain, I think I've raised one spec concern (which ED later reasured wasn't an isuse) in all of the three years (or what ever it is) of the Pyra development.

 

[levi]

I think a kickstarter could work quite well, but he's have to do the maths if he didn't want the price to go up. He could do it so that the R&D costs he's already accumulated get subdivided between n kickstarter orders such that he still makes a modest profit on each unit, then set the target amount to n times the cost of a pyra.

Let's see:

Let the project target be t
Assume the dev cost of the Pyra is r which equals 127735.21+189655.21+208875.21+218246.46=744512.09 EUR as of 15th April
Assume ED wants to make a profit of 50EUR per unit, p
Assume kickstarter and others take a chunk equallying 8% = 0.08, being k below*
Assume the price to construct each unit at cost is c
Cost of each unit = 745EUR = c+p+r/n (where n is the number of units ordered)
The trick is to find an n where r/1056 (current preorders) - 745*k = r/n
r/1056 - 59.6 = r/n
n(r/1056 - 59.6) = r
n= r/(r/1056 - 59.6) = 1154 (as near as damn it)

So target, t=1154*745 =~ 850000EUR by my reckoning.

Of course, that's probably still wrong.

* If paypal also take a cut, how does that work, given you can also pay by credit cards who take a different cut?

 

[vcoleiro1]

@levi

Kickstarter take 5% of the funds raised plus there is about 3% for payment processing. So 8% total
See here: https://www.kickstarter.com/help/fees?country=US
As has been stated, you cannot pay with Paypal on Kickstarter

I dont think adding 8% will be an issue. A GPD WIN crowdfunding was done on Makauke.com - a Japanese crowdfunding site after their Indiegogo campaign. They charged between 10-20% more(varying on later backer levels) than they did on Indiegogo and it was still successful.

 

[levi]

Thanks, I've updated my post and also fixed two bugs; the first of which inflated the predicted target and the other that I'd missed off a zero in copying the output from my python terminal; it said 3 million, I wrote 300 thousand. So it now being near to 900 thousand is actually an improvement.