We are excited to announce an update to the Co-Op timelines on Kickfurther! Historically, Brands on Kickfurther have set their own estimated completion dates for their Co-Ops. These completion dates were determined by the estimated amount of time each Brand expected to need to sell through the consignment inventory in the Co-Op. The estimated completion date also helped determine the final payment amount that was due in their Co-Op. 

As Kickfurther evolves, we want to better align both sides of the marketplace - the Brands and  the Buyers. To do this, we are taking a new approach to Co-Op timelines to reward Brands with quicker sales of the consignment inventory and thus a quicker completion for the Buyers.  Previously, Brands were not rewarded for finishing early. Coming soon, Kickfurther will reward Brands who sell the consignment inventory quicker and complete quicker. 

Buyers will be able to view this new timeline change by clicking into a Co-Op from the Kickfurther marketplace. From there, Buyers can hit the “timeline” tab to view the expected Co-Op payout amounts and different profit amounts they can expect to receive based on when the Co-Op completes under this new variable completion date policy.  

For example, the following is a payout schedule for a typical Co-Op under our new timeline update:

Essentially, the faster the Brand completes the Co-Op, the less the Brand pays. We want to align both sides of the marketplace with this change by incentivizing Brands to complete their Co-Ops faster, which leads to a better Buyer experience.

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Questions about our new timeline policy?  Please feel free to reach out to us by sending an email to contact@kickfurther.com