Life-time diamond membership option - Chess Forums - Page 4

Conflagration_Planet

Oct 21, 2010

0

#61

Windows-7_ wrote:

woodshover wrote:

Windows-7_ wrote:

woodshover wrote:

Windows-7_ wrote:

I'm basing my price estimate over this:

Lifetime from the time most can pay for it is about 70 years at most. 70 x $95.88=$6711.60 for lifetime. Given that Chess.com gives discounts for longer periods I would say $5000 is a reasonable price.

But more important is that longer subscriptions than 1 year are needed-chessgames.com gives out 2- and 3- year subscriptions.

Nobody is going to pay 5,000 for a life time membership. Nobody is going to be on this site for fifty years.

Another reason why Chess.com doesn't sell these.

(@Beester:Please take that down!)

No club or organanization bases their cost of a life time membership on what the next 50 years of an annual membership would cost. The next FEW years yes, but NEVER anywhere near fifty.

This is the reason why it isn't offered! This is why subscriptions are never longer than a few years! But Chess.com's subscriptions need to be longer!

Eric stated in one of these posts that people could have a life time membership for $599.00.

WindowsEnthusiast

Oct 21, 2010

0

#62

woodshover wrote:

Windows-7_ wrote:

woodshover wrote:

Windows-7_ wrote:

woodshover wrote:

Windows-7_ wrote:

I'm basing my price estimate over this:

Lifetime from the time most can pay for it is about 70 years at most. 70 x $95.88=$6711.60 for lifetime. Given that Chess.com gives discounts for longer periods I would say $5000 is a reasonable price.

But more important is that longer subscriptions than 1 year are needed-chessgames.com gives out 2- and 3- year subscriptions.

Nobody is going to pay 5,000 for a life time membership. Nobody is going to be on this site for fifty years.

Another reason why Chess.com doesn't sell these.

(@Beester:Please take that down!)

No club or organanization bases their cost of a life time membership on what the next 50 years of an annual membership would cost. The next FEW years yes, but NEVER anywhere near fifty.

This is the reason why it isn't offered! This is why subscriptions are never longer than a few years! But Chess.com's subscriptions need to be longer!

Eric stated in one of these posts that people could have a life time membership for $599.00.

Do you think he was serious? If he did it would be a new option on chess.com/membership.html .

ivandh

Oct 21, 2010

0

#63

Do I get a refund if I die?

Bugnotaur

Oct 21, 2010

0

#64

I get your refund if you die. This post powered by jhbchess!

Conflagration_Planet

Oct 21, 2010

0

#65

woodshover wrote:

http://www.dumdumpops.com/ This is the image that should be displyed beside a life time member's avatar.

Yes I think he was serious, and he should use this symbol for life time members.

NM ChessNetwork

Oct 22, 2010

0

#66

They already have this option. :)

WindowsEnthusiast

Oct 22, 2010

0

#67

woodshover wrote:

http://www.dumdumpops.com/ This is the image that should be displyed beside a life time member's avatar.

Yes I think he was serious, and he should use this symbol for life time members.

In no way should he use that!

Conflagration_Planet

Oct 22, 2010

0

#68

Windows-7_ wrote:

woodshover wrote:

http://www.dumdumpops.com/ This is the image that should be displayed beside a life time member's avatar.

Yes I think he was serious, and he should use this symbol for life time members.

In no way should he use that!

T first you said they should use it. The reason I don't think it's a good deal is because there isn't enough Chess Mentor to last near that long, and that was the main reason I got a diamond membership.

WindowsEnthusiast

Oct 22, 2010

0

#69

woodshover wrote:

Windows-7_ wrote:

woodshover wrote:

http://www.dumdumpops.com/ This is the image that should be displayed beside a life time member's avatar.

Yes I think he was serious, and he should use this symbol for life time members.

In no way should he use that!

T first you said they should use it. The reason I don't think it's a good deal is because there isn't enough Chess Mentor to last near that long, and that was the main reason I got a diamond membership.

I think Chess Mentor courses need to be made more often and w/o duplicate lessons! More diamond features!

Conflagration_Planet

Oct 22, 2010

0

#70

woodshover wrote:

http://www.dumdumpops.com/ This is the image that should be displayed beside a life time member's avatar.

Yes I think he was serious, and he should use this symbol for life time members.

WindowsEnthusiast

Oct 22, 2010

0

#71

woodshover wrote:

http://www.dumdumpops.com/ This is the image that should be displayed beside a life time member's avatar.

Yes I think he was serious, and he should use this symbol for life time members.

He isn't serious at all. Life-time diamond members should just get a bigger diamond or something-the lolly-pops thingie is humiliating.

-X-

Oct 22, 2010

0

#72

Windows-7_ wrote:

woodshover wrote:

http://www.dumdumpops.com/ This is the image that should be displayed beside a life time member's avatar.

Yes I think he was serious, and he should use this symbol for life time members.

He isn't serious at all. Life-time diamond members should just get a bigger diamond or something-the lolly-pops thingie is humiliating.

waffles?

Conflagration_Planet

Oct 22, 2010

0

#73

He's serious.

WindowsEnthusiast

Oct 22, 2010

0

#74

woodshover wrote:

He's serious.

Prove it.

Conflagration_Planet

Oct 22, 2010

0

#75

Prove he wasn't. He came on here, and made the offer, and didn't say he was kidding. He was serious.

NoManner

Oct 22, 2010

0

#76

The amount should be much less than the estimates here. You have to calculate these sort of things using time-value of money. $95.88 per year. Let's just make a random guess at interest (say 6%). Let's say your lifetime membership is estimated at 20 years.

Annuity = $95.88 per month

Number of periods (n)= 20

rate (r)= 6%

PV(Annuity) = Annuity/r * [(1-1/(1+r)^n)]

= 95.88 / 0.06 * [(1-1/1.06^20)]

is about $1,100

The $599 is actually a really fantastic deal

Conflagration_Planet

Oct 22, 2010

0

#77

NoManner wrote:

The amount should be much less than the estimates here. You have to calculate these sort of things using time-value of money. $95.88 per year. Let's just make a random guess at interest (say 6%). Let's say your lifetime membership is estimated at 20 years.

Annuity = $95.88 per month

Number of periods (n)= 20

rate (r)= 6%

PV(Annuity) = Annuity/r * [(1-1/(1+r)^n)]

= 95.88 / 0.06 * [(1-1/1.06^20)]

is about $1,100

The $599 is actually a really fantastic deal

Then take advantage of it.

NoManner

Oct 22, 2010

0

#78

woodshover wrote:

NoManner wrote:

The amount should be much less than the estimates here. You have to calculate these sort of things using time-value of money. $95.88 per year. Let's just make a random guess at interest (say 6%). Let's say your lifetime membership is estimated at 20 years.

Annuity = $95.88 per month

Number of periods (n)= 20

rate (r)= 6%

PV(Annuity) = Annuity/r * [(1-1/(1+r)^n)]

= 95.88 / 0.06 * [(1-1/1.06^20)]

is about $1,100

The $599 is actually a really fantastic deal

Then take advantage of it.

Nice logic. You don't know it but these sort of calculations are really important. How about actually trying to learn something instead of leaving useless comments?

Conflagration_Planet

Oct 22, 2010

0

#79

NoManner wrote:

woodshover wrote:

NoManner wrote:

The amount should be much less than the estimates here. You have to calculate these sort of things using time-value of money. $95.88 per year. Let's just make a random guess at interest (say 6%). Let's say your lifetime membership is estimated at 20 years.

Annuity = $95.88 per month

Number of periods (n)= 20

rate (r)= 6%

PV(Annuity) = Annuity/r * [(1-1/(1+r)^n)]

= 95.88 / 0.06 * [(1-1/1.06^20)]

is about $1,100

The $599 is actually a really fantastic deal

Then take advantage of it.

Nice logic. You don't know it but these sort of calculations are really important. How about actually trying to learn something instead of leaving useless comments?

I know a lot of country clubs don't do it that way. Just one for example, charged $4800.00 per year, yet offered a life time membership for $20,000. That's just one example. I'm a member of a gym that is $20.00 a month, yet offers a life time membership for $499.00. Life time memberships have to offer BIG discounts or people won't take advantage of them. Hell would freeze over before anybody paid $1100.00, and anybody with a brain would know it.

horsehead

Oct 22, 2010

0

#80

I suppose that depends on how old a person would be.