BocaBum99
TUG Member
Yes, I did, but everyone is busy with their microeconomics 101 tutorial. I am trying to grab another week in SFO from Redweek, so no time to join the discussion. I will get an F from the prof.
Yours is the exchange that I was referring to when I said that we have only 1 report of an exchange. We have a handful of reports of deposits and dozens of reports of inquiries.
Given that fact, I'd say that the RW exchange program isn't doing very well yet. It's hard to imagine that early adopters of a RW type exchange service would be anything other than tuggers.
If after 2 months, we don't have a significant increase in reported exchanges, I wouldn't touch that exchange system with a 10 foot poll. I'd rather re-upp with RCI for 30 more years. This is especially in light of their recent email blast. One theory for success for RW was that their 1M registered users would be very helpful to stimulate a market for exchanging. If that proves to be a bad assumption, they really don't have much going for them.
This does not suggest doom for the service, though. Good entrepreneurs are very good at changing direction midstream when current strategies don't work.
Redweek needs to get free developer or HOA deposits in the US Market. Or, they need to allow their technology to be used by someone who does have the inventory. That is the key strategic problem that faces them at this point in time. My vote would be for a partner program with HOAs to offer free rental and resale listings for their members in exchange for an affiliation agreement. That would be hot. Maybe I should patent a business process or apparatus for that idea so that I can get a cut when they eventually do it.
Otherwise, they will just become the bidshares of timeshare exchange companies.
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