SHARE Works is the fusion of a new breed of cash back rewards and the world’s largest and most successful sales channel.
To gain penetration we will engage the universal need for school funding and its up to 15 million students and their parents.
As a platform SHARE Works will revolutionize the way school activities are funded. Today they are largely funded by episodic sales campaigns of products that are overpriced and not highly sought. Sales are estimated to be $6 Billion per year and meet only half of the $ demand. We offer a new solution.
By leveraging existing relationships and proven results over 25 years, we can combine the tech of payment processing with the existing relationships in the fundraising industry. It is very lucrative; we expect to be able to return dividends equivalent to the initial investments by the end of the 2nd year of full operations, and expect dividends to be ~$15 in year 5.
Details into scaling, the tech, and the relationships in the marketplace make this more clear – we should visit about them; you may say we are shooting too low.
The crisis is that with with sales, the fundraising is stagnant. They raise the same amount with no regard to the product sold. This is because as they rely on the community to pay for these products that they wouldn’t normally buy (at least not at these prices) and they will only spend so much. There is neither demand nor price elasticity and so sales are flat.
However, the need for funding increases each year due to budget cuts and inflation. Each year the parents are left to meet the gap; increasingly they cannot and more and more extracurricular activities are lost.
Herein is the really crisis. It is not the loss of a game, a concert, or an exhibit, it is the loss of the venues to help our future leaders, employees, neighbors, and elected officials learn important things like character, excellence, self discipline, leadership, teamwork, and self worth. Extracurricular activities bring real world learning to support academic learning.
If your personal success is due, in part, to lessons you learned as a youth or beyond academic pursuits, and you want the chance to give back AND earn a significant return, we really need to talk.
Scholar Dollars leverages the SHARE work platform to offer marketing services to local merchants; where 93% of purchases are made (on-line to off-line or O2O).
Members are recruited from the community by the schools. When members shop at participating merchants, a portion of the sale is returned back to the school that recruited the member as a commission.
SHARE Works will provide extensive marketing, intelligence, and promotion for the merchants, recruiting tools for the schools, and electronic portals for each member of the system to monitor and evaluate on an ongoing basis.
As part of the research into converting a large (15 million/yr) membership to Scholar Dollars, SHARE Works researched acceptance among Schools, Merchants, Consumers, and the existing Sales Channels that Scholar Dollars will leverage. Responses were nearly verbatim, “If you can do what you say you can do, we want to be a part of it.”
We are sure you will say the same. Let’s meet..
A thirty year veteran of the Fintech industry with 42 US and 20+ international patents.
Veteran of startups and “Intrepreneurial” ventures.
If you can take a picture of a check with a phone and deposit it to your bank- you are welcome. Kurt designed and initiated the first image based check processing pilot with NACHA in 1997. This provided the proof of concept and baseline for regulation, operations, and security in use today.
An innovator and problem solver who has many firsts to his credit as a pioneer in FinTech, and creating a new industry, yet to be disclosed.
Jim holds multiple degrees and is exceptionally well versed beyond technology issues. He has been with a number of start ups and has worked in multiple regional tech centers, including silicon valley. He is not just highly technical, but he also has a keen business mind and architect’s mentality.