Simona
April 7, 2016, 11:31am
3
Hey Rob,
Hope I can help you out with your question. The student program is aimed at getting more students involved with 3D printing by offering them a 25% discount on 3D Hubs orders.
How does it work?
We match the 25% discount on our fee - that goes in this way from 12.5% to 9.3% - and chip in an exclusive Student Badge for your Hub Profile + an extensive Student Marketing Campaign in order to increase awareness and drive students to participating Hubs.
If you want to join the program please let me know at simona[at]3dhubs.com
Cheers,
Simona
3 Likes
So let me get this straight
Not in the student program:
-the Hub receives 87.50 euro.
In the student program:
Can you confirm my calculations?
i would assume the 9.3% is taken after discount?
100 - 25
= 75 x 9.3%
= 69.75?
Let’s see:
Total Order Value:
100 - (25% [student discount] * 100) = 75
3D Hubs Fee:
12.5% [3D Hubs fee] * 75% [25% off the fee] = 9.375%
Hub Receives:
Total Order Value - 3D Hubs Fee =
75 - (9.375% * 75) = 67.97
4 Likes
So the only benefit of the student program for the hubs is:maybe a little bit more orders
Isn’t it wise to add some more benefits to these hubs? So for example the 12.5% fee is also reduced to 9.3% on other orders?much much much more (show me the numbers )
Simona
April 8, 2016, 7:45am
8
Hi Rob,
From the launch of 2 weeks ago, we saw an increase of +50% of student orders for Hubs signing up in the program. We hope to do even better since:
- You’ll also receive digital marketing material (pictures to use on Facebook and Twitter, poster graphic, flyers graphic) that you can share within your network
Also if you’d be unhappy with the program, you can leave it anytime you want.
@Filemon , I am happy with the discount arrangement but I have another concern…
If I promote the student discount through social media etc how to a give the customer a link that will go directly to my hub? Correct me if I am wrong but don’t customers have to go though the student page and hence the main order page where all the other hubs are listed? I then hope that they choose my hub even though I sent them there?
If I give the link… https://www.3dhubs.com/leicester/hubs/steelman/3dprint then they won’t be able to add a discount code?
I believe this is the same on all these types of promotion on 3D Hubs?
Jep, that’s the idea, to bring in a lot more orders
1 Like
This is correct and a limitation of our current system unfortunately.
However, a clear benefit of the program is that the amount of Hubs participating is limited. So, in your area, it’s save to assume you always rank on top, or at least in the top 3. A good percentage, I expect >70%, of students in your area landing in the checkout will end at your Hub
@Filemon I’d really love to give a referral to the student program that goes directly to my hub. Can we make this happen?
2 Likes
I have gotten a few student orders under the new program and am only netting 66.5% of the total order compared to the usual 85%. I am happy to give this program a shot but I’m not sure its quite worth it.
I am located in the middle between 3 different universities and the bulk of my orders has come from students already. So its hard to figure out whether the new orders are due to the new program. The difference however between the usual 85% to 66.5% is quite a large chunk especially when doing large 10 hours prints.
Its also hard to justify opting out of the new program as i would lose most of my customer base since the original “15% off student program” has been discontinued. So its now a choice between getting no student orders whatsoever or earning 66.5% of the revenue and get one or two thirds of the student orders in comparison to the old program where i still had 2/3 of the student orders but got to keep 85%.
2 Likes
JATMN
April 19, 2016, 4:11pm
14
I thought 3dhubs was taking the hit… wasn’t that originally how it was explained? earning barely more than half the order total is quite a hit… especially if your running barely above costs.
the old program with the 15% off 3dhubs took the hit. But the new opt in program, the hub takes the hit.
It was explained to me as 3D Hubs takes the hit but now I understand what is happening and I have just lost $40 on an order
If I were I hub I would opt out I will most likely do this once I finish this order.
3D Hubs: It’s cool if you want to do this I even greatly appreciate it, but don’t make the Hubs take a big hit it makes it hard to be in the business.
Jacob
JATMN
December 1, 2016, 11:09pm
17
$40!? What the heck? What was the order value??
3dpGeek
December 1, 2016, 11:16pm
18
It’s not just the hub that takes the hit 3D Hubs also looses some itself. It’s the price you for joining the student program which is optional
It is $120 after the $40 hit and 3D Hubs percentage which takes out another $18.
I know the feeling. I get mostly student orders where i am located and feel the burn. I ofcourse want to support the students but it comes to about 34% after 3d hubs takes their cut. I would be fine loosing 25% if it includes the 3d hubs fee because the hub hit is much larger than 3dhubs hit.
This is my first student order on the platform (I mostly work with Goverment, inventors and other adults) and I promoted it a bunch at my school and I think I would be much more incentivized if 3D Hubs brought down their service fee across all orders once you give discounts to students which I saw was a suggestion above which would definitely make me stay in the program. I also want to add that when students need to bring something they need to print a lot which means that Hubs now have a Huge hit every time when it comes to students
