(PRWEB) December 22, 2004
The Regift Network has been designed to help people get rid of those unwanted gifts. Ideally they can exchange the gifts for either something that they can keep themselves or possibly regift it to a loved one.
"Regifting isn't the wave of the future, it's certainly not even a new phenomena, we've simply made it simpler and more acceptable by expanding your "gift-giving circle" to include everyone on the internet. We enable individuals to trade a gift for something they really want to get, or regift to a friend or family member", states Erik Bowman, interim-President of Regift Network., "We started out by creating a web site that enables trading gifts and then expanded to selling with our "Buy Now" option or auctioning off gifts to other members based upon user feedback in our original testing."
Cardinal Regift Rules
1) No Fruitcakes (or other perishable items)
2) Make sure you don't regift someone with a present you originally received from them.
3) Items should be in original packaging
4) Items should not be refurbished as these items tend to be labeled as such.
5) Items must be like-new and fully functional
Disclaimer: The Regift Network Operating Rules are not enforced as some individuals may appreciate fruitcake, refurbished and/or defective items, however full disclosure is required. If complaints are made against you, your account will be flagged.
Regift Network is offering a free $10 Gift Certificate that gift givers may include with gifts and holiday cards that will allow the recipient to list any gift for free and include a free featured item upgrade. To get your free Gift certificate visit them online at http://www.regift.net . (*Free Certificates will be available on December 15th, 2004) So now you can forget the Gift Receipt and include a gift certificate for the Regift Network for free!
Have you exhausted your gift giving circle? Are you finally out of people to recycle that gift to that has been in you closet since last year? Regifting is a way to recycle unwanted presents by passing them on to other people. The Regift Network lets you trade for something you really want.
At its core, The Regift Network is full featured auction software program that enables individuals to exchange unwanted gifts. They can exchange these gifts for other gifts (trade), for a fixed price or via an auction model where interested individuals simply bid on the gift.
The Regift Network powers multiple web sites including WeddingRegift.com, HolidayRegift.com, ChristmasRegift.com. Each of these sites target specific types of gifts although a single registration at any of these sites and you can access all of them.
"Duplicate Wedding Gifts -- how many toasters does one couple need? Now you can Regift it at WeddingRegift.com"
Facts About Regifting
Nearly a third of shoppers (31%) have regifted at least one or more times. On average, those who do Regift have done so three times. Women are more likely to Regift than men (60% vs. 40%).
Shoppers with higher household incomes are more likely to Regift. Nearly two in five (39%) of those with household incomes of more than $75,000 say they Regift compared to nearly one in four (23%) of those who report household incomes of $25,000 or less.
Those past the Rockies are less likely to keep what they receive: 38% of consumers in the West admit to Regifting. This compares to consumers in the South (34%), Northeast (29%) and North Central states (21%). Source: American Express
About Regift Network
Regift Network has been in development since June of 2004 and is scheduled to be launched on January 1, 2005. It was the brain child of Erik Bowman, Managing Partner at BMGI Ventures. Regift Network is a highly targeted auction software solution that provides individuals with a way to trade unwanted gifts for gifts that they can either keep for themselves or regift to someone in their gift giving circle. Regift Network's powerful software will also be marketed to Retail Merchants as a co-branded solution that will add functionality to their web site as well as cut down on the number of gift returns so prevalent after the holiday season.
Company Contact Information
Regift Network, 2512 Artesia Blvd, Suite 120, Redondo Beach, CA 90278
Toll Free: (877) 2-REGIFT
Phone (310) 802-6734
Fax (310) 802-6735
About BMGI Ventures
Founded in 2000, BMGI Ventures is in the business of taking business and product ideas from concept to profitability. We do this in a few different ways including direct investment, incubation, joint ventures and partnerships. Although we occasionally do invest in unsolicited ventures, the majority of our business comes through professional referrals from trusted parties. We tend to work best in the process automation arena, regardless of industry and we always attempt to leverage existing investments in order to reduce overhead. Recent investments include Vertical Answer (http://www.verticalanswer.com), Healthistics (http://www.healthistics.com) and AccountWell (http://www.accountwell.com).