Jeanbank’s Blog

November 17, 2009

Promoting an exchange of goods at fair value

Filed under: Uncategorized — jeanbank @ 7:31 pm

Q. What are my clothes worth?
We can't guarantee a cash value but your JeanBank Deposit is based on the original Manufacturer's Suggested Retail Price . Your Deposit Value = MSRP x Condition x Interest
   [x Interest - reflecting brand, style, size popularity - coming Jan'10]
Join in an exchange of goods at fair market value - see JeanBank HOW MUCH page for your brands MSRP price range.
Conditions are

NWT new w/tags retail *MSRP 80%
Excellent like new 70%
very good no or little visible wear 60%
good moderate wear, no holes or stains 50%
average normal wear, no fraying 40%
work condition good shape but worn 20%

For example, all of Macys and Dillards 2009 Fall lines have been added to our database.
Deposit Grane jeans your MSRP range is $20-25, Deposit 7 for All Mankind and $165-215 is your
Macys MSRP range. What you actually paid is not a factor, condition is and so is Interest which we'll add to the formula in January.

   We hope you appreciate and participate as we all help each other save money, recycle perfectly wonderful clothing and conserve the environment polluted by denim production.

How can you give me more value than my clothes are worth?

Filed under: Jeans & Clothing Exchange, Used clothing — jeanbank @ 3:04 pm

Because 7-out-of-8 individuals or families have $200 to $2500 of G’old lying unused in drawers and closets and if only 1 person in 100  deposits goods in JeanBank it represents more than a billion dollars in potential inventory. Your Deposit is important now, later it will not have as profound an effect.

How is the value of my goods figured?

Filed under: Uncategorized — jeanbank @ 2:47 pm

Condition x MSRP x Interest = Value. Determining the value is perhaps the hardest but most rewarding part of depositing goods in  the JeanBank.  The formula is simple though at present unworkable since we don’t know the third variable – Interest – or who wants what you got! So until 12/25/09 only the  MSRP retail price x Condition will determine the amount of your deposit and its valued is doubled on Deposit. Why? As a Founding Depositor we appreciate your trust and reward your participation by providing you additional funds so you can acquire more and better goods. As an extra bonus when your goods are Withdrawn by another Depositor and you ship them an additional Deposit will be made to your account.

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