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silvergoose
Mar 18, 2006

IT IS SAID THE TEARS OF THE BWEENIX CAN HEAL ALL WOUNDS




FAUXTON posted:

"Influencers" have been a thing since the dawn of advertising, social media is just another medium the same way print, radio, and television were.

Yeah if you want to modify my statement to being "bwm is trusting advertisers" go right ahead.

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Alan Smithee
Jan 4, 2005


A man becomes preeminent, he's expected to have enthusiasms.

Enthusiasms, enthusiasms...

StormDrain posted:

I’m not saying you’re wrong but that seems like a very poor decision to make as an influencer if your income is based on people trusting you to review items for quality. If you can’t tell Payless shoes aren’t worth hundreds of dollars you either don’t know what the value of hundreds of dollars is to me or what craftsmanship is. Unfollow!

it was probably a hybrid campaign

"hey influencer want to come pretend to buy shoes from a brand you've never heard of? We'll pay you X dollars and you say you paid Y dollars and also sign this NDA"

It's a Sprite style anti-marketing

Not a Children
Oct 9, 2012

Don't need a holster if you never stop shooting.

Fitzy Fitz posted:

These influencers seem to be.....Bad With Money.

I remember reading this story a few months ago: https://www.theatlantic.com/technology/archive/2018/06/instagram-influencers-are-driving-luxury-hotels-crazy/562679/

The "career" seems to attract a lot of morons who think they can just be hot and popular and live the high life for little effort.

Hey, don't ask, don't get. What really sucks is that way too many people think they can succeed in the overcrowded field.

KingSlime
Mar 20, 2007
Wake up with the Kin-OH GOD WHAT IS THAT?!
At least it leaves plenty of bread for us boring nerds with "technical skills" or "the ability to do poo poo that requires some degree or effort" or whatever you want to call this mythical X FACTOR

Course in the big picture it's probably not great if an increasing slice of the population is unable to make a living without falling into yet more scammy bullshit, but for now poo poo's cozy

OctaviusBeaver
Apr 30, 2009

Say what now?

Cash-Strapped Millennials Are Turning to Installment Plans to Pay for T-Shirts and Jeans[/quote posted:

Installment plans have helped shoppers afford large purchases since the late 19th century and are still available for pricey items like cars and smartphones. But to delay payment for a T-shirt and a couple pairs of jeans, you needed a credit card. Now several fintech startups are putting smaller purchases on installment, too.

Earlier this year, Australia’s Afterpay began offering installment plans in the U.S., joining Affirm, a San Francisco startup launched by PayPal co-founder Max Levchin. Square announced its own installments plan in October; so did Swedish payments company Klarna, which has teamed up with H&M to offer services in 14 markets it didn’t name.

Affirm and Afterpay say they’re targeting millennial shoppers by filling a gap between credit cards and store credit, which require lots of paperwork and a strong credit rating. Perhaps mindful of the new competition, established players such as Discover warn that these upstarts could run into trouble should the economy sour and defaults spike.

Consumers apply online or via app and learn whether they’ve been approved in seconds. They click a button at checkout on the websites of participating retailers if they want to pay by installment. Cotton On, which sells inexpensive apparel, began offering U.S. installments through Afterpay in August. E-commerce chief Brendan Sweeney says 20 percent of buyers are already using the feature, which breaks up bills into four equal parts spread over six weeks and charges no interest.

“I was kind of skeptical that there would be a market for people interested in installments, but there clearly is,” he says. “We’ve seen a remarkable uptake from millennial customers.” Sweeney says shoppers spend $50 on average per order.

Afterpay Touch Group Ltd. caught on quickly with Australian millennials, many of whom abandoned credit cards after the 2008 recession. Founder Nick Molnar was a teenager when the crisis hit and understood intuitively that his contemporaries would approach credit differently from their forebears.

The company charges no interest, instead collecting a fee of as much as 6 percent of a sale from the retailer. Afterpay works with 20,000 merchants globally—including 1,000 now online in the U.S. where the company has signed up Urban Outfitters, Anthropologie and Free People. Based on its recent monthly performance, Afterpay says it has a global sales run rate of more than $3 billion a year.

Afterpay is betting American millennials will be just as keen on its service as their Australian counterparts. The company says 65 percent of the U.S. cohort don’t have a credit card, are 30 on average and are intrigued by using installments to pay for merchandise. Leslie Parrish, a senior analyst at researcher Aite Group, says the simplicity of installments is at the heart of the appeal. “You know precisely when you’ll pay off that loan,” she says. “That gives you more discipline.”

Affirm Inc. issued more than $1 billion in loans last year, and expects to double that this year. Founded in 2012, the company says it works with more than 1,300 merchants including Peloton, Casper mattresses and travel giant Expedia. Affirm charges retailers a fee or consumers interest, which can be as much as 20 percent. Repeat customers, who have shown they can repay loans, typically pay lower interest. Those who default may be turned away next time.

https://www.bloomberg.com/news/articles/2018-11-29/lending-apps-are-selling-installment-plans-to-cash-strapped-mille?srnd=premium

OctaviusBeaver fucked around with this message at 18:19 on Nov 29, 2018

GoGoGadgetChris
Mar 18, 2010

i powder a
granite monument
in a soundless flash

showering the grass
with molten drops of
its gold inlay

sending smoking
chips of stone
skipping into the fog

Not a Children posted:

Hey, don't ask, don't get. What really sucks is that way too many people think they can succeed in the overcrowded field.

I was surprised at how high the "about 10% of requests for free stays are worth looking into" quote from the Maldives manager was. It's a gold rush like any new advertising medium. They're already getting wise to Bot Followers, it looks like!


KingSlime posted:

At least it leaves plenty of bread for us boring nerds with "technical skills" or "the ability to do poo poo that requires some degree or effort" or whatever you want to call this mythical X FACTOR

Course in the big picture it's probably not great if an increasing slice of the population is unable to make a living without falling into yet more scammy bullshit, but for now poo poo's cozy

For as long as there have been attractive people, there has been a legitimate career in "using [Product] while being attractive".

Their followers aren't really getting scammed, either. People get genuine happiness from using the same brands or staying at the same hotels as their idols. Call it dumb if you want, but sometimes people just want to convert some $$$ to happiness without too much thought.

Subjunctive
Sep 12, 2006

✨sparkle and shine✨

Longer to pay with no interest or fees seems pretty good with cash flow to me.

Wolfy
Jul 13, 2009

https://www.androidauthority.com/gionee-bankruptcy-gambling-929742/

I’ll just leave this here.

quote:

According to the Securities Times (h/t: South China Morning Post), the company has failed to pay suppliers and has met with them to work on a deal. The meeting comes after 20 suppliers filed an application for bankruptcy reorganization with the Shenzhen Intermediate People’s Court on November 20.


The Chinese language Jiemian website also reported last week that Gionee chairman Liu Lirong lost over ten billion yuan ($1.4-billion) while gambling at a casino in Saipan. But Lirong later told the Securities Times that he had lost over one billion yuan ($144-million).

OctaviusBeaver
Apr 30, 2009

Say what now?

Subjunctive posted:

Longer to pay with no interest or fees seems pretty good with cash flow to me.

Get to rack up that sweet interest for 4 months on a $20 t-shirt? There is no way this isn't just used as way to spend money before you earn it. Also, forgot to include the chart:

KingSlime
Mar 20, 2007
Wake up with the Kin-OH GOD WHAT IS THAT?!

GoGoGadgetChris posted:

For as long as there have been attractive people, there has been a legitimate career in "using [Product] while being attractive".

Their followers aren't really getting scammed, either. People get genuine happiness from using the same brands or staying at the same hotels as their idols. Call it dumb if you want, but sometimes people just want to convert some $$$ to happiness without too much thought.

Oh for sure, I was referring to young teens/adults who are routing all their efforts into "making it" as influencers rather than focusing on more concrete forms of self improvement or skill acquisition. But that's nothing new I guess, tons of industries exploit starry eyes individuals who want a "cool job" more than anything. Not to mention wanna be streamers, etc

bob dobbs is dead
Oct 8, 2017

I love peeps
Nap Ghost

there's losing because you're a degenerate gambler and there's "losing" to get the money somewhere with rule of law, i'd give it 50/50 chance of either

rule of law: gwm

BMan
Oct 31, 2015

KNIIIIIIFE
EEEEEYYYYE
ATTAAAACK



quote:

Discover, one of the biggest players in consumer finance, has zeroed in on offers from online lenders and warned that they lack the experience to manage through a downturn.

Afterpay and Affirm brush off such concerns, arguing that their technology analyzes hundreds of variables, even how fast a person is typing, to determine credit-worthiness.

“Their artificial intelligence and machine-learning algorithms is the secret sauce, allowing them to approve instantly a wider spectrum of borrowers not traditionally pursued by the legacy credit-card issuers,” says Richard Crone, who runs payments researcher Crone Consulting LLC.

Well. There's no way this could possibly backfire

Not a Children
Oct 9, 2012

Don't need a holster if you never stop shooting.

BMan posted:

Well. There's no way this could possibly backfire

You'd think someone who found success in this field would be better at disguising the random buzzwords

BMan
Oct 31, 2015

KNIIIIIIFE
EEEEEYYYYE
ATTAAAACK


Booting up Mavis Beacon so I can improve my credit rating

Krispy Wafer
Jul 26, 2002

I shouted out "Free the exposed 67"
But they stood on my hair and told me I was fat

Grimey Drawer
If there's one thing I've learned from this thread, it's that people are not rational about debt. Trying to make an algorithm to predict behavior is really not a great business model. Unless you're banking on that late fee chart making up for all the people who default.

And doesn't Paypal already do this? They're always offering to let me stretch out the $7 purchase I'm making with Paypal credit.

BEHOLD: MY CAPE
Jan 11, 2004

Fitzy Fitz posted:

These influencers seem to be.....Bad With Money.

I remember reading this story a few months ago: https://www.theatlantic.com/technology/archive/2018/06/instagram-influencers-are-driving-luxury-hotels-crazy/562679/

The "career" seems to attract a lot of morons who think they can just be hot and popular and live the high life for little effort.

Being hot and popular in exchange for consideration in some form from others, particularly from males to females, is deeply baked into human evolution, it is literally the oldest career other than base subsistence and much like social media marketing probably isn't going away any time soon.

Subjunctive
Sep 12, 2006

✨sparkle and shine✨

OctaviusBeaver posted:

Get to rack up that sweet interest for 4 months on a $20 t-shirt?

Take care of the little things and the big things take care of themselves!

StormDrain
May 22, 2003

Thirteen Letter

BEHOLD: MY CAPE posted:

Being hot and popular in exchange for consideration in some form from others, particularly from males to females, is deeply baked into human evolution, it is literally the oldest career other than base subsistence and much like social media marketing probably isn't going away any time soon.

My influencer friend is going to hate when I say she’s in the oldest profession. I can’t wait.

Fitzy Fitz
May 14, 2005




BEHOLD: MY CAPE posted:

Being hot and popular in exchange for consideration in some form from others, particularly from males to females, is deeply baked into human evolution, it is literally the oldest career other than base subsistence and much like social media marketing probably isn't going away any time soon.

Yeah, what I was getting at is that most of the influencers in the article are assuming they can make a career out of it by only being hot and popular. Their emails are being thrown in the trash because they're not acting like professionals.

Hutzpah
Nov 6, 2009
Fun Shoe

BMan posted:

Booting up Mavis Beacon so I can improve my credit rating

Just letting you know this didn't go unappreciated.

Not a Children posted:

You'd think someone who found success in this field would be better at disguising the random buzzwords

You call tell he is phoning it in because he didn't mention blockchain. The ultimate buzzword

Blinkman987
Jul 10, 2008

Gender roles guilt me into being fat.
I’ve spent a few million on influencers over the years and the thing I’ve learned is that there are very few that are worth anything and the ones that are, are very hard working and over deliver on promises and are very reliable. You’d be surprised who plays a goofy buffoon on camera but is a (well appreciated) stone cold savvy business person when the camera is off.

Most are just loving morons who try to deliver half assed videos or posts which involves me spending a lot of time yelling at the agency and citing contractual obligations, and the agency then pretends to yell at the influencer while trying to “manage my expectations”. I’m getting heated just writing this post lol

Alan Smithee
Jan 4, 2005


A man becomes preeminent, he's expected to have enthusiasms.

Enthusiasms, enthusiasms...

Blinkman987 posted:

I’ve spent a few million on influencers over the years and the thing I’ve learned is that there are very few that are worth anything and the ones that are, are very hard working and over deliver on promises and are very reliable. You’d be surprised who plays a goofy buffoon on camera but is a (well appreciated) stone cold savvy business person when the camera is off.

Most are just loving morons who try to deliver half assed videos or posts which involves me spending a lot of time yelling at the agency and citing contractual obligations, and the agency then pretends to yell at the influencer while trying to “manage my expectations”. I’m getting heated just writing this post lol

drat, do you manage the lambourghini accounts

EAT FASTER!!!!!!
Sep 21, 2002

Legendary.


:hampants::hampants::hampants:

Fitzy Fitz posted:

Yeah, what I was getting at is that most of the influencers in the article are assuming they can make a career out of it by only being hot and popular. Their emails are being thrown in the trash because they're not acting like professionals.

Hot, popular and professional: you can only pick two, go.

Alan Smithee
Jan 4, 2005


A man becomes preeminent, he's expected to have enthusiasms.

Enthusiasms, enthusiasms...
https://www.youtube.com/watch?v=A2g6D6Ki_-Y

Krispy Wafer
Jul 26, 2002

I shouted out "Free the exposed 67"
But they stood on my hair and told me I was fat

Grimey Drawer

EAT FASTER!!!!!! posted:

Hot, popular and professional: you can only pick two, go.

If I pick popular and professional do I become Clint Howard?

Bird in a Blender
Nov 17, 2005

It's amazing what they can do with computers these days.

Blinkman987 posted:

I’ve spent a few million on influencers over the years and the thing I’ve learned is that there are very few that are worth anything and the ones that are, are very hard working and over deliver on promises and are very reliable. You’d be surprised who plays a goofy buffoon on camera but is a (well appreciated) stone cold savvy business person when the camera is off.

Most are just loving morons who try to deliver half assed videos or posts which involves me spending a lot of time yelling at the agency and citing contractual obligations, and the agency then pretends to yell at the influencer while trying to “manage my expectations”. I’m getting heated just writing this post lol

I'm assuming that few million is just part of a much larger advertising budget? Is there any way to determine how much influence these people even have?

Anyway, moving away from "influencers" who all refer to themselves as influencers.

https://www.reddit.com/r/personalfinance/comments/a1irzq/inherited_house_cant_pay_mortgage_might_lose/
Inherited house, can't pay mortgage, might lose house before it can sell. Need advice please.

quote:

My mother and I inherited my grandmother's house in California when she passed away this September. Zillow puts it at about 530k (we lived in a cookie-cutter neighborhood - the price is about right for what our neighbors have bought/sold for since it's the exact same houses). For the past 10 years, my grandmother was paying interest only on her mortgage (please never do this). In August, the interest-only offer expired and mortgage doubled. It sucked, but we made it work since my mother and I moved in with my grandmother years back to help her anyway.

My grandmother passed and we can't make the 3k mortgage. We were late on October and when we paid it later, it only paid fees and no principal. So now we're up to 8k by next week or they said they'll foreclose and we get nothing.

Thanks to the stupid loan my grandmother got, she'd still owe 300k on the house. The house has not been legally put in our name yet. My mother has my grandmother's trust and it hasn't been filed or anything yet. I don't know why. But the only thing in it was giving us the house 50/50.

We want to sell the house, but it needs to be fixed first. We need a good 10k to fix the piping (gently caress copper pipes) and landscaping. It's in an HOA, so there are strict standards.

We've called the mortgage company and their advice amounted to 'you shouldn't have a house you can't afford'. They want us to be up to date on payments before we can look at any payment aid. Their answer is 'just pay it' as if that's not what we're trying to do.

I cannot take out a mortgage. I had been a student until recently and am currently looking for a job, any job. My mother is self-employed and her credit is a shitpile since she ignores it.

Should I try to get a personal loan of 10k to catch up on the mortgage? I know it's stupid, but I really don't know what else to do. My CCs are maxed out from helping my grandmother's medical expenses. I wasn't worried about this because I knew I was getting money from the house. My mother is trying to pawn the pink slip on her car, but they want her to have a job to show steady income. Her business makes enough to stay afloat, but waxes and wanes.

My mother, brother, and I are still living in the house. We cannot afford to move without the house selling. I don't know where to go next. I feel ill all the time from the stress of this.

Any advice is greatly appreciated. And feel free to ask anything; I'm happy to provide more details if needed.

This one isn't too bad. I bolded the plumbing part because I can't understand someone saying that. I guess everyone wants plastic now, except those can have even worse problems than copper. Copper is like one of the best pipes you can have for plumbing in your house, the place probably just had lovely plumbers install it and now she has leaks at joints.

BWM for grandma to go interest only.

Mantle
May 15, 2004

You mean GWM. Grandma got all of the benefits of owning and living a house but externalized the costs of ownership.

Residency Evil
Jul 28, 2003

4/5 godo... Schumi
Grandma, taking "you can't take it with you" to heart.

Lockback
Sep 3, 2006

All days are nights to see till I see thee; and nights bright days when dreams do show me thee.

Bird in a Blender posted:

https://www.reddit.com/r/personalfinance/comments/a1irzq/inherited_house_cant_pay_mortgage_might_lose/
Inherited house, can't pay mortgage, might lose house before it can sell. Need advice please.


This one isn't too bad. I bolded the plumbing part because I can't understand someone saying that. I guess everyone wants plastic now, except those can have even worse problems than copper. Copper is like one of the best pipes you can have for plumbing in your house, the place probably just had lovely plumbers install it and now she has leaks at joints.

BWM for grandma to go interest only.

This one is a good counter to the guy saying everyone should just pay interest only loans. I also think there's some burden to bear on the family who was living paycheck-to-paycheck, no life insurance, interest-only loan with an owner with a terminal condition. It really sucks, but there are many, many ways this could be avoided. Also, according to the comments the OP and her mother have not 1 clue how to handle the estate whatsoever, and the estate itself is just a trust written from LegalZoom.

Also, PEX is pretty baller, but thats mostly coming from someone who replaced iron pipes which suck worse than anything.

Dik Hz
Feb 22, 2004

Fun with Science

Krispy Wafer posted:

My kid's got 2700 followers and she's been approached twice to advertise clothing. Influencing is the least common denominator for marketing.

And just in case that's construed as a humblebrag I've got 8 followers and couldn't influence my way out of a paper bag.
Apparently you can influence your way out of a 6er, though.

DJCobol
May 16, 2003

CALL OF DUTY! :rock:
Grimey Drawer

BMan posted:

Booting up Mavis Beacon so I can improve my credit rating

Thread title please.

GoGoGadgetChris
Mar 18, 2010

i powder a
granite monument
in a soundless flash

showering the grass
with molten drops of
its gold inlay

sending smoking
chips of stone
skipping into the fog

Krispy Wafer posted:

My kid's got 2700 followers and she's been approached twice to advertise clothing. Influencing is the least common denominator for marketing.

And just in case that's construed as a humblebrag I've got 8 followers and couldn't influence my way out of a paper bag.

Bragging about your kid is literally the same as bragging about yourself. And saying "my kid's even more talented than I am!!" just makes it worse.

BOOOOOOO!

But fine, since you brought her up, what's the deal with your hot daughter? Gym/fitness influencer or more like bathrobe in a fancy hotel room #blessed?

FAUXTON
Jun 2, 2005

spero che tu stia bene

:yikes:

canyoneer
Sep 13, 2005


I only have canyoneyes for you

GoGoGadgetChris posted:

Bragging about your kid is literally the same as bragging about yourself. And saying "my kid's even more talented than I am!!" just makes it worse.

BOOOOOOO!

But fine, since you brought her up, what's the deal with your hot daughter? Gym/fitness influencer or more like bathrobe in a fancy hotel room #blessed?

Mr Epstein I believe you're violating your probation

metallicaeg
Nov 28, 2005

Evil Red Wings Owner Wario Lemieux Steals Stanley Cup

GoGoGadgetChris posted:

Bragging about your kid is literally the same as bragging about yourself. And saying "my kid's even more talented than I am!!" just makes it worse.

BOOOOOOO!

But fine, since you brought her up, what's the deal with your hot daughter? Gym/fitness influencer or more like bathrobe in a fancy hotel room #blessed?

looking like a snack in that @fashionnova

Krispy Wafer
Jul 26, 2002

I shouted out "Free the exposed 67"
But they stood on my hair and told me I was fat

Grimey Drawer

GoGoGadgetChris posted:

Bragging about your kid is literally the same as bragging about yourself. And saying "my kid's even more talented than I am!!" just makes it worse.

BOOOOOOO!

But fine, since you brought her up, what's the deal with your hot daughter? Gym/fitness influencer or more like bathrobe in a fancy hotel room #blessed?

Eh. The discussion was about influencers and I was showing how little you have to do before people offer you free poo poo. And maybe she isn't hot. Maybe she has a really cute dog and it's doggy wear companies calling her up. If I eat a prob I eat a prob.

Like the guy whose spent millions on influencers through his job. That isn't a humblebrag. It's interesting and sheds light on the economics of it all.

GoGoGadgetChris
Mar 18, 2010

i powder a
granite monument
in a soundless flash

showering the grass
with molten drops of
its gold inlay

sending smoking
chips of stone
skipping into the fog

Krispy Wafer posted:

Eh. The discussion was about influencers and I was showing how little you have to do before people offer you free poo poo. And maybe she isn't hot. Maybe she has a really cute dog and it's doggy wear companies calling her up. If I eat a prob I eat a prob.

Like the guy whose spent millions on influencers through his job. That isn't a humblebrag. It's interesting and sheds light on the economics of it all.

That's fair. And yeah I really want to hear more about Influencer Millions Guy. If I'm remembering his username correctly, I think his previous employer was Online Poker?

Also sorry if your daughter is a minor and I sounded like a pedophile!!!

therobit
Aug 19, 2008

I've been tryin' to speak with you for a long time

Bird in a Blender posted:

I'm assuming that few million is just part of a much larger advertising budget? Is there any way to determine how much influence these people even have?

Anyway, moving away from "influencers" who all refer to themselves as influencers.

https://www.reddit.com/r/personalfinance/comments/a1irzq/inherited_house_cant_pay_mortgage_might_lose/
Inherited house, can't pay mortgage, might lose house before it can sell. Need advice please.


This one isn't too bad. I bolded the plumbing part because I can't understand someone saying that. I guess everyone wants plastic now, except those can have even worse problems than copper. Copper is like one of the best pipes you can have for plumbing in your house, the place probably just had lovely plumbers install it and now she has leaks at joints.

BWM for grandma to go interest only.

They don't foreclose after 2 missed payments.

Vox Nihili
May 28, 2008

GoGoGadgetChris posted:

Bragging about your kid is literally the same as bragging about yourself. And saying "my kid's even more talented than I am!!" just makes it worse.

BOOOOOOO!

But fine, since you brought her up, what's the deal with your hot daughter? Gym/fitness influencer or more like bathrobe in a fancy hotel room #blessed?

GGGC strikes again!

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ADBOT LOVES YOU

baquerd
Jul 2, 2007

by FactsAreUseless
Just going to leave it here that you can buy 2700 followers for less than $100, maybe $150 if you insist they are real and American.

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