• Blogs


  • Another 100 MW of grid-connected rooftop solar being tendered in India

    The drive towards rooftop PV deployment in India is marching on, with news of another large-scale rooftop tender underway within the country. Central Electronics Limited (CEL) is running the tender, which has tight tariff limits for the participating projects.

The basics of the tender are that it is for 100 MW of grid-connected rooftop solar to be installed on office buildings and railway stations under zonal railways. Projects can be a minimum size of 50 kw, while each individual bidder is limited to apply for projects within three states or for projects with combined capacities of 20 MW.



    Government enterprise Central Electronics Limited (CEL) is tendering the new rooftop capacity using the RESCO model for projects nationwide, with bidders given until March to apply, according to market analyst Mercom Capital.



    The drive towards rooftop PV deployment in India is marching on, with news of another large-scale rooftop tender underway within the country. Central Electronics Limited (CEL) is running the tender, which has tight tariff limits for the participating projects.

    The basics of the tender are that it is for 100 MW of grid-connected rooftop solar to be installed on office buildings and railway stations under zonal railways. Projects can be a minimum size of 50 kw, while each individual bidder is limited to apply for projects within three states or for projects with combined capacities of 20 MW.

    The tariff paid for the electricity generated by the projects has been limited to Rs. 6.00 (US$0.087) per kWh, and Rs. 4.00 (US$0.058) per kWh in special category states and union territories. Interestingly, the tariff stream will then be levelized with a discounting rate of 11% year-over-year, while participants will have until 6 March 2017 to put together their bids in hope of winning the projects.

    This is the latest in a long line of significant solar rooftop tenders in India, as the country tries to encourage rooftop solar deployment in a bid to reach its ambitious goal of having 40 GW of rooftop solar installed by 2022. According to Mercom Capital’s India Solar Project Tracker, a total of 605 MW of rooftop solar has been installed in India, as of December 2016, so there is still a very long way to go to even get close to the eventual target.


  • Solar-powered roads for India?

    Solar-powered roads for India?

    Call it Utopian but the idea of having solar-powered roads in India is a truly appealing one. The reason is simple. The country, which has the second-largest road network in the world, is blessed with about 300 days of sunny weather and a government that is convinced about the potential of solar power and electric cars. In 2014, India’s Prime Minister Narendra Modi announced a goal to increase solar power capacity to 100 gigawatts (GW) by 2022. Moreover, it is encouraging the sale of electric cars in the country.

    On the flip side, India does not have enough electricity to even power all its cities, towns and villages. So even powering electric cars at charging stations is bound to pose a very big challenge. In this context, a solar-powered road that charges electric vehicles on the go does sound like a good idea.

    The proposition is definitely not outlandish. In fact, the world’s first solar highway was inaugrated in France, in the not-very-sunny village of Tourouvre au Perche in Normandy. The road was built by Colas, an Anglo-French construction company. According to a press statement, Colas teamed up with the French National Solar Energy Institute to develop the solar highway called Wattway, which is a kilometre long. The project is expected to be used by about 2,000 motorists a day.

    Wattway photovoltaic panels are directly applied to existing roads, highways, bike paths, parking areas, etc., without any civil engineering work and can safely bear vehicle traffic of all types, while producing electricity, claims Colas. Each panel contains 15-cm wide cells making up a very thin film of polycrystalline silicon that transforms solar energy into electricity. These extremely fragile photovoltaic (PV) cells are coated in a multilayer substrate composed of resins and polymers, translucent enough to allow sunlight to pass through, and resistant enough to withstand truck traffic.

    Colas claims that an average single home (not including heating) can do with a mere 20 m² of Wattway, while 100 m² of Wattway panels can provide enough power for an electric car to travel 100,000 km.

    Ségolène Royal, France’s minister of ecology and energy, announced last January that the government intends to pave 1,000 km of road with photovoltaic panels in the next five years, supplying power to millions of people.

    However, it was the Netherlands that built the first solar road--a bike path--in 2014. Other companies in the fray for solar roadways include German startup, Solmove, that aims to bring solar panels to German roads, and Idaho-based Solar Roadways Inc., which has received three rounds of U.S. government funding (plus $2 million in venture capital) to test its technology, according to a 22 December report by National Geographic .

    Exciting as solar roadways may sound, there are many challenges on that path. For one, a little above 60% of Indian roads are paved. Second, the cost of building a solar roadway is exorbitant—just a kilometre of the Normandy road, for instance, cost around 5 million Euros. Third, while the Sun is undoubtedly the greatest sustainable energy source on earth, the problem is the low efficiency—80% of installed PV panels worldwide have a performance of 15% or lower. Fourth, solar panels can be stolen in India. Last, but not the least, Indian municipalities suffer from a lack of coordination when it comes to incessantly digging up roads.

    To be fair, India has explored the utility of solar roofs. After setting up canal solar power projects, scientists at the Gujarat Energy Research and Management Institute (GERMI), in April 2013, proposed a pilot solar power project at a Gujarat state highway. But nothing much was heard about the project after that.

    That said, as prices continue to fall, solar energy is increasingly becoming an economical energy choice for homeowners and businesses. A 28 January, 2016, note by Peter Harrop, chairman of research firm IDTechEx Ltd., points out that while “installing photovoltaics in roads seems a daft idea at first...a closer look reveals that most of the problems are easily overcome...”

    Harrop concludes: “At IDTechEx we do not see solar roads replacing power stations: do that with a field full of solar panels not transmission and maintenance over long distances. However, they could be excellent for dynamic (in-motion) charging of electric vehicles possibly coupled with roadside wind turbines or tethered multicopters providing Airborne Wind Energy, AWE in the new jargon.”

    Leslie D'Monte

    Read more...


  • Are you ready for a Smart Meter?

    Hey guys,

    In this blog post, I wanted to draw your attention to smart metering. 

    If you’ve heard a lot about “smart meters” lately, here’s the deal… A smart meter is a digital device that replaces your analog (dial) electric
    meter. A technician doesn’t need to come to your house to read your meter: the information about how much electric you’ve used is reported directly back to the electric company for billing. A smart meter also permits the electric company to activate or deactivate service without dispatching a technician, which saves time and money (for the electric company, of course).

    A smart meter also tells the electric company when you’re using power, for how long, and exactly how you’re using it. Every appliance or electrical device, from your refrigerator to your cell phone charger to your laptop, gives off a different power signature that permits the electric company to identify it.


    This can be handy when it comes to detecting crimes — everything from running a meth lab out of your basement to running a  technician web server without proper permits. 

    Smart meters, if used in a constructive fashion, can pioneer an age of efficient usage and statistics. It can help give info about which appliance is drawing the most juice in your home and whether its justified, whether you might be able to reduce it or not. 

    But, it also has a flip side. It could also, theoretically, be used for marketing purposes. Imagine a world where your electric company, just like your bank and Facebook, gathers information about your daily habits to sell to its marketing partners who can then bombard you with sales messages.

    Check out a great start-up working on this space through this MIT Technology Review article by @David Talbot -> https://www.technologyreview.com/s/601881/find-out-which-appliance-is-sucking-all-your-power/

    See you guys in my next blog with something new, until then

    ciao from @Karthik Raman


  • [ Getting Started ] Why should I sell on GotBolted?

    GotBolted is envisaged to be a revolution in online product and delivery business. It encompasses not one, not two, but more than 8 unique core functionalities and features that sets it as a apart in this crowded space. 

    GotBolted is an unlikely, but a true business partner and friend for you which will support you through every step of the way and help in you in achieving your business goals. But unlike a regular partner, GB gives you all the power you need without charging you a dime.


    GB is the first in many categories

    First to have a integrated product and service approach to sales

    There are three options to running your business on GotBolted. The first is, you can list yourself as a Seller. It is not necessary for you to be a dealer to register yourself as a seller. Whether you are a dealer, a distributor or a manufacturer, you are equally welcome. The site has been created to welcome the entire ecosystem of small and large business enterprises in the form of dealers, distributors and manufacturers to buy and sell goods through a single window.  Having the manufacturer, distributor and dealer on the same platform helps in multi-various ways. If you are a dealer, you will automatically be directed to a distributor


    I will highlight the core benefits to you as a seller or service provider.
    1] Inventory management is 100%, systematic & efficient, even taking care of warranty and service issues post sales. Customers can quickly request for service or AMC at defined charges. To know more on Inventory Management click here

    2] If you are a dealer you can easily restock. We have created a quick and efficient way to restock by clicking here. The "Quick Purchase" link will only appear on your home page on the header area, if you are a dealer or a distributor, not otherwise. So would be required to login for it to appear, else it will remain hidden on the home screen. Since all product flow is established, stock keeping is minimal & just-in-time. To know more on Quick Purchaser click here

    3] We have also incorporated an efficient MIS (Management Information System). The software will guide you through to the exact inventory that needs to be kept in stock. It also analyses global sales data to suggest to you what is the intended sales that you can expect, what is the expected profitability, considers sales vs profitability to give you a ideal stocking ratio. All you need to do is just follow to tool to boost sales and increase profitability. Detailed performance reports are an in-built functionality. To do this post registration, login to you seller panel. You will find the MIS reporting section at the bottom of the page. To know more about features of the MIS reporting system click here

    4] No MOQ required. To highlight value of having no Minimum Order Quantity when stocking, take the example of a dealer of LED TVs. The dealer knows that Brand A gives him a better profit, but the distributor of the brand requires the dealer to purchase an MOQ of x quantity. The dealer knows that he would be hard-pressed to sell that quantity, but the distributor is unwilling to give the dealer the margin that the dealer expects unless he buys the quantity specified by the distributor. Now, that is no longer the case. The dealer can buy just one qty of the Brand A while enjoying the margins of the larger purchase. To top it, there is no question of false promises by the dealer of higher sales in the near future, no negotiations - just clear, quick business. 

    5] Product diversity is available with a couple of clicks. Do you want to now expand your business, venture in to new category sales but are not sure how to go about? Fret not, GBs intelligent platform will suggest to you recommended brands or categories similar to what you are already selling to organically grow your business. All you need to do is just follow the suggestions made by the platform and do as it says and you are all set. You are assured to have higher business volumes, bigger turnovers, larger profits. Oh the best of all, all news brands or categories come with the best discount (volume) pricing that you are enjoying for your current dealership brands. To do this post registration, login to you seller panel. Click on product catalog -> Add from existing catalog -> enter quantity & serial numbers -> Your DONE.

    6] Automatic invoicing and taxation eliminates the need for expensive accounting solutions including tally or the like and accountants. All this means lower operational costs and increased take home profits for you. Moreover, our MIS system also takes into consideration your expenses, target profitability that you expect and calculates and suggests to you sales volumes that will give you the result you expect. You can also expect detailed financial reporting highlighting all the not-so-subtle and subtler aspects of your business undertaking. To do this post registration, login to you seller panel. Click on Order Management.

    7] Payment collection and disbursal is easy, timely and assured. All you need to be is a serious player, who is committed to do ethical business and then - nothing should stop you. GotBolted is in the path of establishing a long-lasting trust and relationship between consumers and sellers/service providers. We encourage a 100% truthful and honest business practices. As long as you adhere to these standards, nothing should stop you from growing your business to greater heights. When your sale is complete, rest assured your payment is equally certain - in full and within the stipulated timeline as promised. We take quality of service, professionalism, seriousness and timely delivery with utmost importance and will encourage you to come on-board matching the mindset we have in order to do good business together. Settlements happen systematically on the specific time lines for all sales. To view the next settlement date, login to you seller panel. Click on product catalog -> Add from existing catalog -> enter quantity & serial numbers -> Your DONE.

    8] Nearest-Point-of-Sale engine enables you to deliver goods to customers who are nearest to you. To think about it, flip it the other way around, customers see sellers starting from sellers with the required quantity and located closest to where they are.  The NPOS engine is very powerful in helping you avoid packaging costs, shipping costs and enables quick deliveries. What this means is that since deliveries theoretically can happen the same day, customers are more inclined to make the purchase, payment collection happens along with order booking, or immediately upon delivery in case of COD. To understand the power of tool visit here

    9] Preferred Seller can be added from your frequent sellers thus enabling a circle of trust between you and your counterpart. Nevertheless, consider the situation where you have a quick delivery to make and your preferred seller has run out of stock? No issues, you can select another seller closest to you who can deliver the required quantity within the expected timeline. Know more here

    10] Vertical Integration will ensure that if you are a dealer you will be able to only see distributors of the product. Likewise, if you are a distributor of the brand, you will only be able to see the manufacturer as a seller. A distributor who is not registered as a distributor of the brand will appear as a dealer of a product brand for which he is not a distributor. To know more about vertical integration, click here

    Registration Process

    During the registration process, the link to register is available on the top left of this window, or click here. You will be required to enter the type of seller you are. If you are distributor, select the Brand for which you are a dealer. If you are registered as a Manufacturer, your account is restricted to only sales to distributors.

    Hope you like whats created for you. Write to me at rk@gotbolted.com

    Will see you again,

    -Karthik Raman


  • [ Getting Started ] Who can sell on GotBolted?

    Anyone selling new and genuine products is welcome. In order to start selling, you need to have the following:

    1] PAN Card (Personal PAN for business type “Proprietorship” and Personal + Business PAN for business type as “Company”)
    2] VAT/TIN Number (not mandatory for books)
    3] Bank account and supporting KYC documents (Address Proof, and Cancelled cheque)
    4] Minimum of 10 unique products to sell

    If you are a distributor, you would also need to submit your brand authorization letter for the brands you are authorized to sell as a distributor.
    To know whats on offer for a seller, click here
    So what are you waiting for, register now. Register by clicking here. 


  • [ Getting Started ] How to sell on GotBolted?

    Selling on GotBolted is simple, easy & quick

    Add to Catalog

    1] Register yourself at www.gotbolted.com or by clicking here and activate your account.
    2] When you register as a dealer or distributor, a customer account is automatically created for you with the same login credentials that you registered with for your seller account.
    3] Login to your seller account
    4] Visit Catalog Menu on the left.
    5] Click on Add New Product. 
    6] Select Brand on the left column and enter a variable into the text box Search Product Based On Brand Selection
    7] If Search Product Based On Brand Selection is left empty then it will show you all products under that Brand
    8] Choose the products that you want to sell, enter the quantity and serial numbers and finish.

    Order Management
    1] To see new orders visit Order Management -> New Orders
    2] Once an order is received, pack the product and mark it as ‘Ready to Dispatch’ and deliver it to the customer within the promised SLA or Service Level Agreement timelines.
    3] Post delivery get the Unique Delivery Confirmation code sent to the customers mobile phone and enter it in the Order Management
    4] Once an order is successfully dispatched, GotBolted will settle your payment within 7-14 business days.  
    5] Customer will automatically get a copy of the invoice by mail.

    To know about what features are available for you as a seller visit here


  • [ Getting Started ] Can I offer both products and services?

    Yes, of course, ours is the only platform which allows you not only to sell products but also offer related or other services. And all this through a single login window.

    When you receive a new order, you will be intimated by mail. You can also process order in the Order Management -> New Order

    Same is the case when you receive a Service Request. You will receive an email notification and / or can also view your on-going service requests on your Seller panel here. 

    For services, you can interact with the customer through a vibrant chat medium, where you can ask the customer to furnish you further details before you send him an estimate. When you are ready with your quote, you can enter the labour charges in terms of hours to complete and BOQ for materials to the used to give him a cumulative costing figure.


  • [ Listing and Catalog ] Will I get charged for listing products on GotBolted?

    No. Listing of products on GotBolted.com is absolutely free. GotBolted does not charge anything for listing your catalogue online. You only pay a small commission for what you sell.


  • [ Pricing and Payments ] How and when will I get paid?

    The payment will be made directly to your bank account through NEFT transactions on the 14th and 28th of every month 7 days after product receipt by the customer. The actual payment period will vary depending on how long you have been selling at GotBolted, your customer ratings and number of orders fulfilled.


  • [ Pricing and Payments ] Pricing

    GotBolted takes the sole responsibility of setting the price online based on the competitive pricing, best value for customers, marketing and promotion considerations and other factors which will be solely GotBolteds responsibility. As a Seller you will not have any role to play in price determination.


    Pricing consists of two parts, 

    1] The Market price which is the price the customer pays to buy the product and 

    2] The Settlement Price which is the amount dispatched to you upon successful completion of the sale.

    Our system is intertwined into a robust lifelong cashback loop. Under this cashback system, whether it is the End-customer (B2C) or B2B customer ( dealer / distributor ) will have to pay the market price upfront. The lower rate will comeback to him or her as cashback.

    As cashback accumulates, the B2C or B2B customer can use his cashback amount for further purchases or can immediately have it credited to his attached bank account on his Wallet Page. The bank details need to be filled only once. See the screenshot of the image below. The cashback happens in two modes, Purchaser Cashback and Referral Cashback. To know more about how the cashback system work, visit our cashback blog here ( Purchaser Cashback ) and here ( Referral Cashback ).


    Settlement Price

    The settlement price is established by the manufacturer of the product. The manufacturer decides what is the settlement price that is needed to be paid to a dealer when he sells his product to the retailer ( in this case GotBolted ), what is the settlement price that is needed to be paid to the distributor when he sells a product to the dealer and what is the settlement price that the manufacturer expects when he sells the product to the distributor.


    Having said that all categories of customers ( end-customer or bulk-customer ) pay the same market price during purchase. This may sound counter-intuitive, but the margin amount over and above the settlement prices receivable by GotBolted is in turn given back to the buyer as Purchaser Cashback. 

    Infact, if the bulk-customers level is Diamond 2, then he receives more than 90% of the margin as cashback. What this means is that he is essentially buying at the distributor price. Refer to the Purchase Cashback link here to understand more.


    You can request for cashback payout at anytime by click on the REQUEST PAY CASHBACK link on the My Wallets page. The bank details need to be entered only once and is stored. Settlement happens through instant transfer the next working day.



    Incase you wish to keep the amount with us, you will earn a very lucrative interest of 10% p.a. with effective interest calculation happening on a daily basis. Visit this blog post to know more.


  • [ Know More ] Inventory Management

    1. Inventory management is 100%, systematic & efficient, even taking care of warranty and service issues post sales. Customers can quickly request for service or AMC at defined charges.


  • [ Know More ] Quick Purchaser

    1. If you are a dealer you can easily restock. We have created a quick and efficient way to restock by clicking here. The "Quick Purchase" link will only appear on your home page on the header area, if you are a dealer or a distributor, not otherwise. So would be required to login for it to appear, else it will remain hidden on the home screen. Since all product flow is established, stock keeping is minimal & just-in-time.

    2. No MOQ required. To highlight value of having no Minimum Order Quantity when stocking, take the example of a dealer of LED TVs. The dealer knows that Brand A gives him a better profit, but the distributor of the brand requires the dealer to purchase an MOQ of x quantity. The dealer knows that he would be hard-pressed to sell that quantity, but the distributor is unwilling to give the dealer the margin that the dealer expects unless he buys the quantity specified by the distributor. Now, that is no longer the case. The dealer can buy just one qty of the Brand A while enjoying the margins of the larger purchase. To top it, there is no question of false promises by the dealer of higher sales in the near future, no negotiations - just clear, quick business. 

    3. Product diversity is available with a couple of clicks. Do you want to now expand your business, venture in to new category sales but are not sure how to go about? Fret not, GBs intelligent platform will suggest to you recommended brands or categories similar to what you are already selling to organically grow your business. All you need to do is just follow the suggestions made by the platform and do as it says and you are all set. You are assured to have higher business volumes, bigger turnovers, larger profits. Oh the best of all, all news brands or categories come with the best discount (volume) pricing that you are enjoying for your current dealership brands. To do this post registration, login to you seller panel. Click on product catalog -> Add from existing catalog -> enter quantity & serial numbers -> Your DONE.


  • [ Know More ] Management Information System

    1. We have also incorporated an efficient MIS (Management Information System). The software will guide you through to the exact inventory that needs to be kept in stock. It also analyses global sales data to suggest to you what is the intended sales that you can expect, what is the expected profitability, considers sales vs profitability to give you a ideal stocking ratio. All you need to do is just follow to tool to boost sales and increase profitability. Detailed performance reports are an in-built functionality. To do this post registration, login to you seller panel. You will find the MIS reporting section at the bottom of the page.


  • [ Know More ] Nearest-Point-of-Sale

    1. Nearest-Point-of-Sale engine enables you to deliver goods to customers who are nearest to you. To think about it, flip it the other way around, customers see sellers starting from sellers with the required quantity and located closest to where they are.  The NPOS engine is very powerful in helping you avoid packaging costs, shipping costs and enables quick deliveries. What this means is that since deliveries theoretically can happen the same day, customers are more inclined to make the purchase, payment collection happens along with order booking, or immediately upon delivery in case of COD. 


  • [ Know More ] Preferred Sellers

    1. Preferred Seller can be added from your frequent sellers thus enabling a circle of trust between you and your counterpart. Nevertheless, consider the situation where you have a quick delivery to make and your preferred seller has run out of stock? No issues, you can select another seller closest to you who can deliver the required quantity within the expected timeline.


  • [ Know More ] Vertically Integrated

    1. Vertical Integration will ensure that if you are a dealer you will be able to only see distributors of the product. Likewise, if you are a distributor of the brand, you will only be able to see the manufacturer as a seller. A distributor who is not registered as a distributor of the brand will appear as a dealer of a product brand for which he is not a distributor. 


  • [ Getting Started ] Do I earn an Interest on Cashback amount in wallet ?

    Yes, absolutely, you guessed right. For the amount you hold in your wallet, you receive 10% per annum interest payout, with interest calculation on the closing balance ever day. Interest amount is accumulated and credited on the end of every month.

    Refer to the image below. Interest accumulated as on date is highlighted in blue. As you can also note from the image and interest is credited as a deposit to the tune of Rs. 30.46 on the 31-Dec-2016 and Rs 12.72 on the 30-Nov-2016






  • [ Listing and Catalog ] When can I start selling?

    After all the required documents have been verified and your seller profile is complete, you can start listing your products and start selling. We urge you to upload all the required documents in full, with clearly visible images and text to avoid incumbent delays in processing your application and granting approval to sell.


  • [ CashBack ] What is Purchaser Cashback?

    Purchaser Cashback 

    is the cashback you get when you make a purchase. 


    Our system is intertwined into a robust lifelong cashback loop. Under this cashback system, whether it is the End-customer (B2C) or B2B customer ( dealer / distributor ) will have to pay the market price upfront. The lower rate will comeback to him or her as cashback.

    As cashback accumulates, the B2C or B2B customer can use his cashback amount for further purchases or can immediately have it credited to his attached bank account on his Wallet Page. The bank details need to be filled only once. See the screenshot of the image below. The cashback happens in two modes, Purchaser Cashback and Referral Cashback.


    Cashback system is not fixed but dependent on product sold and the margin available for GotBolted from the sale of that product and your purchase level ( Bronze, Copper, Silver, Gold, Platinum, Diamond ).

    The primary driver on the amount of Cashback you receive is your Purchase Level. If you are a Bronze 1 level then there is a 60:40 split on the margins that GotBolted makes. What this means is that 16% of the margin made during the sale goes back to the customer and 24% goes to his or her referral as cashback. 

    As your purchase level increases to Diamond 2 the split is 5:95. This means that whatever margin is earned more than 90% comes back to you as cashback.


    CASHBACK SPLIT ON GB MARGINS


    GotBolted

    Customer

    Referral

    Bronze 1

    60%

    16%

    24%

    Bronze 2

    55%

    20.25%

    24.75%

    Copper 1

    50%

    25%

    25%

    Copper 2

    45%

    30.25%

    24.75%

    Silver 1

    40%

    36%

    24%

    Silver 2

    35%

    42.25%

    22.75%

    Gold 1

    30%

    49%

    21%

    Gold 2

    25%

    56.25%

    18.75%

    Platinum 1

    20%

    64%

    16%

    Platinum 2

    15%

    72.25%

    12.75%

    Diamond 1

    10%

    81%

    9%

    Diamond 2

    5%

    90.25%

    4.75%


    This cashback system is applicable not only for the end-customer but also bulk-customers. As your purchase level increases from Bronze 1 to Diamond 2 you can expect to get the lowest possible price on anything you buy on GotBolted.com. By lowest price, I mean, if you are an end-customer then it would be nearing the dealer price, if you are a dealer then it would be close to the distributor price and if you are a distributor then it would be close to the manufacturer price.

    The levels are based on whether you are a end-customer or bulk-customer. To find out how much you need to purchase to reach a certain level, pls visit the My Wallet page. The cumulative Purchase Amount is mentioned right below the Purchase Levels. The Purchase Level requirements may change over time, so be sure to keep a track of it.

    Note: GotBolted takes the sole responsibility of setting the price online based on the competitive pricing, best value for customers, marketing and promotion considerations and other factors which will be solely GotBolteds responsibility. As a Seller you will not have any role to play in price determination.




  • [ CashBack ] What is Referral Cashback?

    Referral Cashback 

    is the cashback you get when your referral makes a purchase. 


    Our system is intertwined into a robust lifelong cashback loop. Under this cashback system, whether it is the End-customer (B2C) or B2B customer ( dealer / distributor ) will have to pay the market price upfront. The lower rate will comeback to him or her as cashback.

    As cashback accumulates, the B2C or B2B customer can use his cashback amount for further purchases or can immediately have it credited to his attached bank account on his Wallet Page. The bank details need to be filled only once. See the screenshot of the image below. The cashback happens in two modes, Purchaser Cashback and Referral Cashback.


    Cashback system is not fixed but dependent on product sold and the margin available for GotBolted from the sale of that product and your purchase level ( Bronze, Copper, Silver, Gold, Platinum, Diamond ).

    The primary driver on the amount of Cashback you receive is your Purchase Level. If you are a Bronze 1 level then there is a 60:40 split on the margins that GotBolted makes. What this means is that 16% of the margin made during the sale goes back to the customer and 24% goes to his or her referral as cashback. 

    As your purchase level increases to Diamond 2 the split is 5:95. This means that whatever margin is earned more than 90% comes back to you as cashback.


    CASHBACK SPLIT ON GB MARGINS


    GotBolted

    Customer

    Referral

    Bronze 1

    60%

    16%

    24%

    Bronze 2

    55%

    20.25%

    24.75%

    Copper 1

    50%

    25%

    25%

    Copper 2

    45%

    30.25%

    24.75%

    Silver 1

    40%

    36%

    24%

    Silver 2

    35%

    42.25%

    22.75%

    Gold 1

    30%

    49%

    21%

    Gold 2

    25%

    56.25%

    18.75%

    Platinum 1

    20%

    64%

    16%

    Platinum 2

    15%

    72.25%

    12.75%

    Diamond 1

    10%

    81%

    9%

    Diamond 2

    5%

    90.25%

    4.75%


    This cashback system is applicable not only for the end-customer but also bulk-customers. To know more about Purchaser Cashback click here.


    The levels are based on whether you are a end-customer or bulk-customer. To find out how much you need to purchase to reach a certain level, pls visit the My Wallet page. The cumulative Purchase Amount is mentioned right below the Purchase Levels. The Purchase Level requirements may change over time, so be sure to keep a track of it.

    Note: GotBolted takes the sole responsibility of setting the price online based on the competitive pricing, best value for customers, marketing and promotion considerations and other factors which will be solely GotBolteds responsibility. As a Seller you will not have any role to play in price determination.