Thursday, August 30, 2018

Innovative Online Charity Platform

I would like to ask you to help these two young entrepreneurs and also indirectly make a donation to charity.

Charles Tan and his wife Xinxin are co-founders of a startup which has developed a platform which allows you to buy an attractive t-shirt for $20, nominate a charity to receive all the profits from your purchase, and also have a chance to win a Mercedes-Benz.

These two young people are taking a big financial risk. Under the regulations, they are not to profit from the conduct of this lucky draw and are expected to donate c.70% of the sales to their partner charities, after accounting for costs.

They will give an attractive prize (brand new Mercedes-Benz CLA Coupé) to a winner and other prizes. The draw will be witnessed by an independent audit firm.

If they cannot sell $1 million worth of tickets, i.e. 50,000 X $20, they may not be able to cover the prizes and other expenses and have to bear the financial loss.

If they achieve their goal of $1 million in sales, they will donate all of the net proceeds to the charities. They will not keep anything for themselves.

They are putting in a lot of effort to develop this platform. If it is successful, they'd like to bring it to other countries. You can help them by buying the t-shirts and sharing this news with your friends.

This charity initiative is covered in this report in Today paper. Click here.

Here is the link for you to make your purchase.

Tan Kin Lian

No comments:

Blog Archive