Samson Motors eNewsletter 8-25-2011
We realized recently that we are under-utilizing a vast resource. You! After the last eNewsletter and the earlier progress report talking about engine testing, we received quite a few leads on new engine developments to consider as we move forward with the program. Thank you to all who contributed!
This led to the conclusion that many of you have been following our progress, wish us success, and are willing to do something about it. Okay, then, let’s take this a step further. We would like to get a new ‘game’ going with the people following our progress. We can’t pay you each a salary, but another option is to let it be known what we feel you could do that would be helpful, and reward that production with prizes as compensation. The prizes include money, discounts, special editions of kits, custom interiors, and much more. Here is how you can help:
Refer someone for a Switchblade Deposit and receive a sales commission as a Field Promoter. You would work with one of our sales staff, who would be the one to service the person and make sure their purchase experience is the best we can make it. A Field Promoter simply introduces people to the Switchblade and gets them to contact us regarding a Deposit toward future purchase. To claim your reward, you must let Samson know before your person contacts us. Send an email todcampbell@samsonsky.com or phone (530) 878-4808. The reward can be taken one of two ways:
1. As the new Depositor completes the paperwork and does his Deposit, you can be rewarded with 50% of all sales commissions from that sale with no further work needed.
2. Alternatively, instead of taking a cash commission, you can be credited on your Switchblade kit with double the cash commission you would have received. Thirteen deposits submitted and your credit account would exceed $60,000.
Place a Deposit in the next two weeksand receive 5% off the kit price. This does not apply to engine or avionics, but the kit itself. This will help boost Deposit numbers and show investors the depth of our business market. Since this has a time limit for the discount, Field Promoters can use this to help convince Depositors that now is the time to come on board. If you are a current Depositor, you will automatically be credited with 5% off for being an early bird. This discount will be valid until the end of September 9, 2011.
Fully pay for your Switchblade in advance. Depositors who pre-pay for their Switchblade kit during the next 30 days will get the price fixed at $60,000 regardless of final price (or 10% off the kit price if the final price is lower than $60,000), and you will receive a special Founder commemorative interiors package. This collector’s item will be designed by our staff designer, who was the chief designer for Nissan/Australia and is a highly talented individual. All who pre-pay will be able to vote for their favorite interior design, and the winning design will be offered to all pre-paid Switchblades. Depending on how many people participate in this, there may be a choice of two or more designs that will be offered to those who pre-pay. This offer will be valid until the end of September 25, 2011.
Refer someone as an investor and receive a finder’s fee. We have been busy lining up the needed funds for first flight and beyond, and are ready for the sprint to the finish line. We are in discussion with several who would like to fund us, but waiting to see which one funds is never successful. Through experience, we know that now is the time do DOUBLE the amount of people we talk to. So, if any of you have friends, family, or associates who might just be interested in helping the next evolution in transportation get into production, now would be a good time to let them know about us. Even if they have looked at it before, we have a greatly improved business plan including an impressive executive team. To make it easy, I have attached a summary of the opportunity so you can easily pass this along to your prospects. Samson will present a full business plan to each investor who expresses an interest.
According to Security & Exchange Commission rules, we cannot publicly announce our funding opportunity. The same would apply to you. No one can post it for public view on boards, broad emails to strangers, etc. Again, please call or email in advance so we know where it came from, and can then provide the Finder’s Fee.
Our minimum investment is $30,000 USD. The Finder’s Fee can be taken one of two ways:
1. As a thank you for referring to us someone who invests, we can give a cash Finder’s Fee of 5% of the investment received. As an example, for an investment received of $100,000 you would be given a cash thank you of $5,000. For an investment of $1,000,000 you would receive $50,000.
2. If you would rather take a percentage off your Switchblade kit, you can put down a deposit, and take double whatever the Finder’s fee would have been in cash, as a credit towards your Switchblade kit final price. As an example, if you bring one person at $100,000, you would receive a $10,000 credit towards your final kit price.
This game runs until we have finished our full funding ($7M), which could be very soon. We will, of course, keep you informed.
The bottom line is that we are ready to fly, and we want to line up the finances so we don’t get knocked off our ‘stride’ getting the business up and running. You can help, if you feel comfortable doing so, by introducing us to potential investors. Even if they don’t invest, just the action of talking to many people is what it takes to successfully raise money. Did you know that Walt Disney was told ‘no’ by 302 bankers before he was able to find funding for his first Disney theme park? The person who invented copiers went through the same process, with many hundreds of rejections before one said ‘yes’, and the copier then became the indispensable business tool it is today.
Let me know who you’ve got and how it is going. The more communication the better. We have a really big target ($7M for Switchblade full program or $1.5M for flying prototype). We are hoping to finish this off in the next month and then we will have a firm timeline to first flight. The Samson home team and I are glad for anything you can do to help make this happen.
Contact Info:
Sam Bousfield
(530) 878-4808
sbousfield@samsonsky.com
