Convert points to Koodo shares

  • 1
  • Idea
  • Updated 5 years ago
  • Not Planned
  • (Edited)
Archived and Closed

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Give clients the oprion to convert their points to Koodo shares.
Becoming a co-owner is unlikely to change to another company if you are a shareholder no mater how small.
Bernd Kretzschmar
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Posted 5 years ago

  • 1
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AlexiKrov

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Koodo tab does not have a monetary value, it cannot be used for purchasing shares.
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Boolanger

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While you are correct that tab holds no monetary value other then exchange for phone discounts, this is an idea being put forth.

So if Koodo wanted to implement the idea it would need to change that.

ideas require change otherwise there would be no point to offering the idea as it would already exist.
If you can buy a phone there is value attached
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AlexiKrov

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Phone purchases are the ONLY thing the tab can be used for. It has no monetary value outside of this. When you cancel your Koodo acocunt, your positive tab balance is forfeit. Why? No monetary value.
You are wrong
Phones cost money Koodo owns shares.
If you have a positive balance use it to buy a share
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AlexiKrov

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You are wrong. While yes, phones do cost money, Koodo has stated that the Koodo Tab dose not have a monetary value outside of purchasing a phone. Thus you cannot use the Koodo Tab towards purchasing a share. If you want to purchase shares, you can use your own money. Maybe you need to reard the ToS that Koodo has as it is stated right in there that the Tab does not have any monetary value.
I know that is not how it works right now but assume Blackberry customers would own shares rather then getting a rebate how likely do you think they would switch to a different provider?
I think this is a great idea and we have done similar things with our employees, tey become part of the business.
sorry meant switch to a different phone
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AlexiKrov

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To each their own, but I don't see this as being a good idea.
if you would own 2 shares would you switch to wind bell rogers or telus?
I know I would be much less likely
BK
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AlexiKrov

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I based my staying on the service that I'm provided, not if I own shares in a company. A lot of people have issues running their own phone, why give them an option to be confused over something else that's not that appealing to begin with?
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Ivan, Mobile Master

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Koodo is a wholly-owned subsidiary of Telus, so I'm just going to go with Telus stocks right now.

Telus is currently valued at $30.70/share on the TSX, meaning that a $150 positive tab would yield less than 5 shares. But even if there was no cap to positive credits, it would take someone with a $75 plan 4 months to earn ONE share. I fail to see what's so enticing about this.

I see more value in the current system than what you're proposing.
Lets face it
The idea section is not really to provide customers with more goodies but how to increase profits, client retention and increase competitiveness to over other companies.
BK
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AlexiKrov

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Even if that was the aim, your idea does not fit that scope.
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Erwin

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Hello There,

Unfortunately bringing an idea like this to life is very confusing. I have never heard of a company that gives shares to customers for free as an incentive. Also, this will not be a great idea for Koodo as most of its customers are college age and most people does not even know about shares.
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Paul Deschamps, Mobile Master

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Actually I use to work at Canadian Tire and as an incentive to stay long term they would give us shares in the company so it is indeed done. However I'm not sure it would work in this instance, but could be something for koodo to think about in tweaking the idea to make it work in the constructs of an idea that would be possible. I find it very interesting an idea Doc
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Jorden, Mobile Master

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Yes but that's giving shares to employees which is common. Giving them to customers is quite rare/doesn't happen.
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Paul Deschamps, Mobile Master

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Ya true, but it is an interesting idea. A sort of company for the ppl owned by the ppl, well a tiny portion. I don't think it should be tied to the tab but incorporated in a way that you earn a share for every year your a customer. Then you can turn in your shares towards a new phone perhaps or just continue to gain shares at a share a year after your second year as a customer or something like that. It would be a good way to make all those ppl happy that are wanting loyalty bonuses.

A share a year really seems like a lot to me though so maybe for only ppl who have 2 or more lines on an account or something.
every share makes money "hopefully"
If I do not need a new phone why not become part of the company.
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Erwin

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Having "shares" as an incentive is very appealing for people who buys shares and know how it works. But it will just confuse most other customers. What happens if they wanted to upgrade their phone using their "shares," do they have to sell it first and come back or will Koodo buy it back? really confusing, and it may just complicate things. Great out-of-the-box idea though.
Erwin
That is the point
Its a new idea
If you want to follow other companies ideas that is OK but that just will not do to gain an increase in market segments. I thought this would be a post about new ideas not old ones.
Erwin
P.S.
I think you underestimate your costumers, especially prospective ones
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Mayumi, Mobile Master

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Well this is the idea section. I agree.
You never know Koodo can be the first company that gives small (I mean very small) shares to customers. Then customer who own a small share might purchase big shares later...
Just my point
and keep me using KOODO
By the way I have only been a customer for 7 days after my rogers bills reached astronomical heights of 2-400 dollars for business use
BK
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AlexiKrov

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Koodo doesn't have business accounts either.
Thanks god
Because they always charge more for those because they know it gets deducted. Service is no different so

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