“We created this system that was essentially like a trust score on customers to get a better understanding of like, could we give this customer an instant refund?”

Jack Blumenfeld · Straight Talk with Mark Bouris · The 24-Year-Old Building a Billion-Dollar Empire to Fix Australia's Housing Crisis

Play from 9:55
9:55

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What was described

created a trust-score system (Reshop) to give instant refunds to customers, reducing refund processing time

Said nearby on the same subject

“Agents are good at reading rules and then interacting with different systems... we want to let the agent be intelligent, constrained from doing anything stupid, to refund or account for money according to contract rules.”
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Said on TBPN
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“I actually one time overheard someone talking badly about High Five Women and I refunded them a ticket that they had paid.”
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Said on My Aligned Purpose | Business Coaching for Female Entrepreneurs Ready to Attract High-Ticket Clients + Scale While Having Fun
How they work Share this moment
“You don’t pay unless the meeting actually gets scheduled… if the meeting doesn’t happen you’re refunded immediately”
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Said on Profiles in Risk
Business model $150 per appointment Share this moment
“Policy if either of those ladies were to miss a show the audience could get a refund… you didn’t have to watch it.”
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Said on Build or Break
Why it worked 1200-seat theater, ~100 audience members would have walked out Share this moment

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