Billy McFarland is an interesting individual within the business world, mainly due to his age and to the service that he’s providing. While Billy is only 23 years old he has offered to both the business and consumer market an interesting service in the form of a social group that focuses primarily on the distribution of a particular card.
This card is made of metal and is known as Magnises, an interesting small device that helps business entrepreneurs and entertainment minded individuals take advantage of discounted prices on activities and events.
According to The Guardian, Billy McFarland’s goal is to provide the ability for individuals to save a lot of money during business meetings, something that becomes very costly, especially depending on the number of things that you do and the types of activities that you are included in. Services such as concerts, bars, restaurants and other such meeting places could become very costly very quickly.
Deciding to delve deep into this type of business situation Billy McFarland took the plunge and made the risky decision to drop out of college in order to pursue entrepreneurial dreams. McFarland finally decided to form his own company and started releasing the idea of Magnises not too long ago. Already the company has seen quite a deal of success, especially in the business world where social group members can save a lot of money on discounted items.
The way the card operates is the same way as a credit card; being used to paid for services rendered. The card is linked directly to a member’s bank account, and whenever the card is used to make a purchase the discounted price is automatically deducted from the overall price of whatever the member is paying for.
The service was a big deal to the business world, as mentioned before, as it allows customers and social group members to save a great deal of money and in doing so being able to pretend many more social activities and business-related endeavors.