This could be very useful for some as many people can't afford a $500+ flight in the event of a family emergency or sudden departure.
@nikkw0ng, do you limit this to people with good credit? How do you ensure you get paid in full?
@rrhoover Hey Ryan! Excited to see you reaching out!
The financing company that we're working with will handle the loans and all the associated details. We're a lot more interested in helping people find and book great deals than we are in the minutia of handling the financing ourselves. :-)
@rrhoover@nikkw0ng I'm not sure it's "minutia" considering a lot of your interested customers will likely have less than perfect credit. Your finance company is either going to have:
A - Very high interest rates (e.g. 30+%) or
B - Very low approval rates (e.g. < 10% of your customers will get approved).
In other words, if only a tenth of the people that want your product can get it, the financing aspect isn't minutia.
Might want to consider being upfront about that when you start letting people apply.
@rrhoover@nikkw0ng@seekwell_io I agree with Mike here guys...having worked with a similar product focused on the UK market, the approval rates are very low. The conversion rate for selling a flight is low enough already, adding the complexity of a finance/loan application in between just drives down conversion rates even further.
As everyone has mentioned though...great launch, and great design!
@nikkw0ng great UI, congrats!
Would you be interested to partner with Flystein (https://flystein.com) ?
For example if your client was not able to obtain the credit and is short by few hundred $ to pay for the flights then maybe Flystein experts could fit that budget.
👋 Hi everyone, I’m Nikk, founder at Bliss. Bliss is the most affordable way to fly anywhere.
I started Bliss out of personal frustration when I had to travel to Asia but couldn't drop ~$1400 at once for a ticket. I didn’t have a credit card and looked around for financing options but surprisingly couldn’t find one for flights. Then I realized this is a big problem, especially for other young people.
Bliss helps you (1) find & compare the cheapest flights, (2) pay for said flights over time, and (3) lets you know when cheaper options come up.
We’ve tested our platform with a small group of users with great feedback, and we’re now slowly rolling out access to a slightly bigger crowd via invite only. Any feedback would be appreciated!
1TAM
Fractals
Rocket Money
Fractals
Product Hunt
Fractals
SeekWell
Fractals
Flystein
Fractals
ZEPETO
Fractals
Create Node CLI