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Suggestion for kickstarting Paidverts

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fraser
Traffic Value: $10,524.3446 Australia
3 like this post 0 people
26/09/2018 23:58
This is a variation on a previous suggestion I got shot down for, but I still think has some merit.  

Yesterday the total amount wagered on Coinflip was 20,843,719 (the equivalent of $10,421).  I have not checked, but let's assume that is something like an average day.

I believe coinflip has a 3% house edge, so 625,311 (or $312).  It is a simple, popular and very effective product.

Let's say you gave it a 4% house edge.  This would be 833,748 (or $416.87), or approximately $100 a day.

I'm sure some people would not like that the house was taking more and would stop playing.  Would this be significant?  I think not.  In fact, I believe that after a couple of months hardly anyone would remember.

So we now have $100 a day (in BAP) 7 days a week.  How to use it.  Here's a few suggestions.

1. burn the BAP, reduce the debt and slowly increase the value of adverts.  Effective, but not exciting for the users.

2. Daily lottery. Any (active) member of Paidverts could randomly be selected to win 200,000 (or whatever the 1% was that day).  This definitely attracts new users.

3. Daily lottery of RP holders.  You have 1 entry for every RP you hold.  This skews in favour of the big holders.  Personally I hold a lot of RPs and would like this, but think it would build resentment in the smaller users who would rarely win.  It would however encourage people to buy RPs.

4. Daily lottery of anyone buying any non-debt producing ad product.

5. Daily lottery for referrers.  1 ticket for each new user you refer.

These are just the first things I can come up with.  Imagine the excitement a website that gave away $100 every day would build.

You could even have a YouTube channel with Marc doing the daily live draw, which once a big enough audience tuned in to watch would recoup much of the prize via ad revenue.

EDIT: Actually...thinking about it...you could easily have a different use for each day of the week. i.e. Monday - Burn the BAP, Tuesday - Active Member Lottery, Wednesday - Advertiser Lottery etc etc.  It'd be easy to them promote all of these exciting dailys event via the social channels and encourage users to engage in all areas of the business.
mio2815
Traffic Value: $32,608.39303 Germany
1 like this post 0 people
27/09/2018 06:56
If you want to help to reduce the BAP's. Use the RP market. Trade up, buy RP's say at 5 and sell them at 6. This way everyone profits. The seller and buyer get what they want, you make a little profit and PV could reduce the amount of BAP by 5% on every buy and sell.

That way you help to reduce the total number of BAP´s without pissing off our customers. (because that's what gamblers are, customers)
fraser
Traffic Value: $10,524.3446 Australia
0 like this post 0 people
27/09/2018 23:16
Firstly, I do use the BAP market and I also play coinflip now and again, but you know who else are customers?  advertisers, advert clickers, referrers, RP holders.

Currently paidverts is stagnating...actually it's going backwards.  Users are dropping and ads are falling.  Doing nothing is not the answer.
Alee2305
Traffic Value: $3,186.92538 Argentina
0 like this post 0 people
27/09/2018 23:28
Anyone know how many BAP's are in circulation?
fraser
Traffic Value: $10,524.3446 Australia
1 like this post 0 people
27/09/2018 23:42
Total BAP: 1022175024 (+2.26MIL)
Active BAP: 796697368 (+3.69MIL)


Courtesy of @druth8x as of 3rd September
druth8x
Traffic Value: $22,417.44153 United States
0 like this post 0 people
28/09/2018 00:14
It's been stable like that as well.
Alee2305
Traffic Value: $3,186.92538 Argentina
0 like this post 0 people
28/09/2018 00:30
yes, its stable but so many people don't "invest" in PV because daily ads value.

I think if burn some BAPS and increase daily ads value, more people will be interested

For me, its the same because i don't have problem decrease ads if is necessary
druth8x
Traffic Value: $22,417.44153 United States
1 like this post 0 people
28/09/2018 00:50
If you don't know it's gamblers that buy a huge bulk of our BAP Ads.

So, when 10% drop every month or whatever I don't have exact numbers and it does ebb and flow, Ad size will drop.

What we need to do, as far as Advertising goes is do a better job of promoting the nonBAP products.

OFC, that still means that users need something to sell.

And, one thing my mom does not like aboutthis industry a large part of what we advertise is just trying to get refferalsso we just get refferal chains at all the sites, and very few are actually advertising products

We can't even entertain Coke etc but we should be able to get AmazonEbay type store sellers and if you have a car you should be able to find a buyer, if you are looking for a babysitter, etc.

It's not easy, it takes a lot of work, but the reward would be very beneficial.
igetpaid
Traffic Value: $316.45405 Germany
1 like this post 0 people
28/09/2018 11:19
And you don't have to change the Hosue Edge just on CoinFlip, I haven't researched in the Game revenues, but when you change the top 5 Games to 0.2% (worse/better) house edge. Then it might end up in $50 a day maybe, but this would still be an awesome daily giveaway. 

At first, I didn't like the idea, but this can be a really interesting project that is definitely worth looking into!
dguy
Traffic Value: $15,993.01608 Canada
2 like this post 0 people
28/09/2018 17:26
How about the site put the rotate 4 all ptp page in the spare ad inventory rotation. Then PV can build up a referral base that will be making revenue for us plus we can make revenue from R4A that we can put directly on paid ads
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