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19th September - News

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MarcdeKoning - Administrator
Traffic Value: $468,983.12758 Netherlands
83 like this post 2 people
19/09/2016 20:45
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IMPORTANT UPDATE:

There's been a lot of things that we discussed while i've been at the slovenian office (I'm still gonna be here for another 5 days in which we're gonna dive in deeper in a lot of the topics that i'll be talking about in this update).

This news topic will give you an image of the main direction of the business for the foreseeable future.

It's extremely important that you take the time to read this update and ask questions where needed.

--

There's a lot of big projects that we want to dive into that will severely increase the income we generate, the traffic we reach/get, the number of markets we'll be in and the overall value of the company.

We're gonna create a temporary project funding page on My Traffic Value to fund our next big project.
This is what we're aiming to do more often in the future once we finish our quest to legalizing every aspect of this business and once we build the new MTV platform.
This first project that we'll be funding will be a big step towards realizing that goal.

The following is just an example, we haven't got any final figures yet, but it's important to understand how we want to approach the funding of big, future projects:

Let's say that we want to build a project that needs $100.000,- to be fully funded so that it can be operational, marketed and generate income.

We'd put the project on our "project funding" page and allow you to invest into it to receive a part of the profit.
It would show:

-What the money will be spent on
-At what date we'd launch the project
-How many % of the profits gets shared between the backers of the product
-What the time period is that those profits will be shared with the backers (3 years, 5 years, 10 years)
-OPTIONALLY: What kind of back up mechanism is in place in case the project doesn't generate the backers a profit within the portrayed time frame
-A forecast of the profits you could realistically expect
-The amount of times profits will be shared (Weekly, monthly, quarterly etc)
-The risks


Once we get the required funding for the project we will close the funding process (Perhaps we can allow over funding in a number of projects if marketing it more would likely result in a bigger profit) and start building it.

What will be the first product that we're gonna be funding this way?

"MoneyMyGame".

The build, the licensing and the marketing.

For those of you who have been around for a long time, moneymygame is not something new.
We've talked about it for a long time but we were aiming to build it once we'd see progress in our legalizing part.
As that moment is now, the time is here to build MoneyMyGame.

MoneyMyGame is an all round, standalone casino that will host all of our current games and more.
It will be the platform that allows all methods of payment, will have tons of competitions, tournaments, bonuses on everything you can think of (Deposits, birthdays, random events etc), will offer occasional free spins and much, much more.
For this casino we're gonna hire a number of marketers (At least 1 full time one) which will be constantly trained and judged on their overall performance.

It should be a no brainer for all of you who know about the performance of PlayPerfectMoneyGames (Around $7000/month with just 1 processor, little marketing) that this is gonna be a huge money maker if we manage it correctly, hire a full time marketing staff and focus on expanding it over time.

Now we haven't discussed the specifics yet (We will discuss it as much as possible in the next 5 days in person, but that isn't a guarantee that we'll get to a full picture within that short period) but this project will require a considerable amount of funding.
Especially as we want to tweak our current games a little bit so they become "packages/scripts" that you can easily transfer to any website just by dragging and dropping it. MORE INFO ABOUT THIS PART FURTHER DOWN IN THIS POST!


I am sure that we can come up with the funding of this project, including licensing and marketing, which will make it so much easier to build the new MTV platform once we're at the final stage of our full legalization.

--

Today we've talked about my basic idea for the upcoming new MTV platform.
It's supposed to be a very easy to understand, clean and basic platform that is simply the place for you to invest, manage your investments, stay updated of the news and the profits we generated.

During the next few days we'll discuss this further, but the actual build of the new platform will not happen anytime soon.

--

We have an advertiser who shows interest in our Targeted Advertising-product.
He's willing to buy US-targeted advertising in bulk if we can come up with a more attractive price.
As we noticed that our TA product is far from perfect yet (In terms of pricing/opting out of either normal views or banner views) we've decided that we're gonna tweak the product a little and make it more affordable.
This will open us up to many other advertisers as well.

We will make it very attractive for those that buy in bulk and we're gonna put our current marketer (The one promoting BMF, PBG and PPMG) to work to contact big advertisers/platforms and portray/offer them the advertising options we got at hand.
Instead of passively waiting for advertisers to come to us we'll use a more assertive method to get our advertising options the proper attention it deserves.

Our advertising products are of a high quality but do not get the required exposure among big advertisers, let's change that!
It's the easiest method for us to generate a lot of money with our current products.

--

The forecast of this month's Amazon bill is about $7500.
Compared to our previous monthly costs of $11000 this is a big cut in our expenses.

The projections for next month are around $6000-$6500, which means that we've cut our bill by 45% without having to pay anything upfront.

David and other programmers did an amazing job!

--

We're currently discussing a bitcoin faucet app that is both unique/attractive and profitable.
Once we have a final structure we'll inform you about it.

--

We'll also further discuss a final version of "BarterMyFunds widgets" and prepare those as soon as possible.

--

In the next few days we're writing an update email to send to our 2 million members to give them an update about what has been ongoing in the past month, why they should visit our websites and what is coming up soon.
This normally boosts our sales/deposits for a few days which means it's a smart, tactical move.

We want to get to a point at which we send at least 1 email per month to give everyone a full update of the developments during that month.

--

This project you'll surely like as well.
As I mentioned in the part about MoneyMyGame I want to make our games and other elements of the websites easy to drag and drop elsewhere.
We're planning to build a script store.

This script store will sell games, advertising tools, forums and basically everything else that we once built in the past.
The goal is to make it so easy that we can sell and install the scripts with as little effort as possible.
We will offer some follow up support/bug fixing where needed but overall it should turn into a cash cow that needs minimal input from our side once we've properly set it up.

--

Other big projects which we want to build in 2017:

A standalone advertising agency

This will sell advertising to advertisers on any of our websites/apps, but makes it much more accessible instead of being "hidden" on a ptc website.

A standalone Poker site

Poker will at first be a part of MoneyMyGame, but if the demand grows to a point at which it makes sense to turn it into a stand alone product we will make a website with various versions of poker.

Sublangua

A project we've been stalling for a while as it's hard to properly start as we never came up with the business model ourselves.
It needs a lot of reworking and proper thought in order to turn it into a profitable product.
But one way or another we're are gonna come up with a proper business plan to make it work.

--

I haven't talked about the project that we worked on and off on for the past 9 months.
This will be part of tomorrow's news.
jordy186
Traffic Value: $868.5955 Netherlands
4 like this post 0 people
19/09/2016 20:58
Verry interesting news. Thanks marc

Let's move forward !
dguy
Traffic Value: $15,993.01608 Canada
27 like this post 0 people
19/09/2016 21:11
If you are going to sell scripts then you should also offer hosting. Most won't need the full service but for the ones that do that can be a lucrative stream of cash flow.

Many have an idea and a dream but don't know the technical details. If you can offer that then you can sell dreams to people
vicura
Traffic Value: $4,969.3683 Spain
3 like this post 0 people
19/09/2016 21:16
I really like this change of direction of the company!
gugakip
Traffic Value: $739.34329 Belgium
4 like this post 0 people
19/09/2016 21:20
Maybe a stupid question, but will we keep the typical blue MTV colour? smile I like it a lot, it makes this site so easy to recognize. Or do we want to clean our image with something completely new? (As ar as our image is bad, we just have to pass some obstacles like every business)
il051
Traffic Value: $14,823.02214 Croatia (LOCAL Name: Hrvatska)
19 like this post 0 people
19/09/2016 21:20
Wow, great news!
I'm really glad that you decided to go with real crowd-funding, in which people would invest into specific projects, not in FBG in general. Depending on those projects' specifications, I'm sure you will attract many investors to take a part in them. That's the way to go!
Also, script store is another great idea. Our programmers have already made so many games/apps, some of them really attractive, that it would be really pitty not to spread them all around, wherever it's possible, for certain price, under certain licence agreement.
Bitcoin faucet, although I'm not using any, is highly popular and, I'm convinced, quite profitable product these days so go for it!
You were cutting Amazon expenses for months already, but you are still constantly doing it and I'm really glad to see how much money you saved to all of us.

It's really nice feeling to read these news, very positive changes are in front of us.

Marc&co, keep doing this great job and try not to be affected too much with this negativity that comes up from time to time. Majority of (silent) users appreciate your hard work and believe in you from the very beginning! 
dguy
Traffic Value: $15,993.01608 Canada
5 like this post 0 people
19/09/2016 21:20
And in selling dreams maybe offer consulting services on your script site. An hourly rate or a set fee for people with ideas that don't know how to implement it. You can have your team or maybe a programmer sit down and figure out if it is feasible and what kind of costs the person would be looking at
dguy
Traffic Value: $15,993.01608 Canada
10 like this post 0 people
19/09/2016 21:23
I agree Guga. The blue is a very calming color. Maybe they could set an option on the site settings to let us choose our background color or images....like bananas LOL
gugakip
Traffic Value: $739.34329 Belgium
8 like this post 0 people
19/09/2016 21:34
Would we sell the games for a one time fee or a monthly license? Or maybe a fee based on how much they used it? We'll have to make sure that others won't be able to sell our products when they have the source code. I guess the programmers thought about that as well, but a remider won't hurt anyone smile
carvalho17
Traffic Value: $28.3459 Brazil
12 like this post 0 people
19/09/2016 21:54
Did I read something about "FUNDED BY THE CROWD"? Is this real? We are oficially a crowd-funded company grin
casio8978 - Forum moderator
Traffic Value: $14,531.83197 Slovenia
1 like this post 0 people
19/09/2016 22:01
gugakip
"We'll have to make sure that others won't be able to sell our products when they have the source code."
Asking a good question smile
Hoppa61
Traffic Value: $73,032.40453 Netherlands
2 like this post 0 people
19/09/2016 22:04
Reading some good stuff here.

As you say, time for a couple of questions.

How do you see the RP's in this picture (and the pay-off of the FTQ)?
Moving the games out of MTV to MoneyMyGame where the investors of MMG will get their share. Then MTV needs to cover its costs.

It seems that it will take longer before people holding shares will benefit from it.
Once it will grow as expected, that should catch up, I imagine.

Or will the new investments cover MTV's costs also, or just the development part?

And also, does this proposition mean that it will take longer to pay-off the FTQ?
gugakip
Traffic Value: $739.34329 Belgium
1 like this post 0 people
19/09/2016 22:22
Maybe I have an idea to prevent future BMF hacks. I guess I miss something, so please correct me if I make a mistake:

When bartering, the total amount of money in all the payment processors combined, stays nearly constant and should increase slightly by our fees. If we could make some kind of calculator that would count the total money in all payment accounts, we could protect ourself.

For example: when the amount of money goes below 90% of the total which was set by the programmers, we stop bartering instantly. This way we have a small buffer for cryptocurrencies to rise or fall a bit before blocking instant transactions.

Not sure if it would be possible and could work. If this is useful and is best kept secret, feel free to edit this post to avoid hackers reading this.
kain3610
Traffic Value: $100.66699 Venezuela
8 like this post 0 people
19/09/2016 22:51
I don't know... I just have a good feeling about this company...
piro00
Traffic Value: $3,781.28667 Argentina
9 like this post 0 people
19/09/2016 23:14
Marc! Just... IDK what to say, those are AWESOME news!

Long Live MTV!
vecors
Traffic Value: $2,173.146 Portugal
21 like this post 0 people
19/09/2016 23:58
Great news indeed and we all knew that Marc visit to Slovenian office could only mean great brainstorming and news like these. 

Looking forward for those RP`s to go up!

BOUGHT: 42 Royalty Positions for $0.1218 (this means $42 bucks soon cool)

luxadm1
Traffic Value: $1,190.2111 Russian Federation
10 like this post 0 people
20/09/2016 00:11
BOUGHT: 50K Royalty Positions for $150 (this means $250 bucks soon)
fraser
Traffic Value: $11,569.46477 Australia
4 like this post 0 people
20/09/2016 00:25
Nice update Marc.  Great work from you and the team.

Just thinking about the FTQ.

I realise this is debt and doesn't give you the cash to fund these crowd-funded projects, but is there any way that users could transfer (if they wanted to) what is owed to them via the FTQ to hold a share in these projects.

This might clear the the FTQ quicker, build the projects quicker and increase dividends quicker.
druth8x
Traffic Value: $22,417.44153 United States
7 like this post 0 people
20/09/2016 02:05
Correct me if I'm wrong:
I think all current sources of funding for Site/FTQ/Div will remain.
Any Crowd funded Projects, will pay for the part of the"site" that works on it (which means they don't need to be fully paid via normal funds) have part of the profits go to the crowd investors, but also part of it go to the FTQ/Dividends, and quite possibly, as needed "site" unrelated to the product as well.

Meaning, If PPMG was a crowd funded Project and was incurring $7000 monthly profits, the parts of the site aka Staff/Host/Marketing needed for the project is what the crowd funds and not all $7000 goes to the Crowd Funders. The % is yet to be determined. However, I'm sure that they will try to make it attractive enough, esp since they can't guarantee "$7000", might as well keep some for RP Dividends and as needed, some for other expenses/backup funds. In fact, some for PV Ad Issues.
________________________________
This is the kind of update that I was waiting for.

As you can see, I haven't sold my RP's/BAP. I have trust in all of FBG.
If any of that "upsetness" at us was directed my way, it was clearly a misunderstanding on both ends. It is always my intent to post for the good of the company. Constructive Criticism if needed, IMO.
kingptc
Traffic Value: $2,018.34414 Lithuania
7 like this post 0 people
20/09/2016 04:55
WOW WOW, really great news. To allow members to fund new projects is great idea, I dont know how well funding will go, but I really hope that members will back up those projects. Great move.

The news I specially like is "Script store" I personally always looking for new projects and this kind of store will open new possibilities for me to build much more advanced projects o mine. I will be constant client of this store, this I can guaranteesmile I am waiting for this the most, probably many more people too I am sure. Hope there will be available some modifications purchases or orders to make those scripts a little different for some clients as after hundred people will buy them, clones will spread over the internet, so it would be nice to have them slightly modified in order to stand out from the crowd(would be paid services)
(just hope so)   angel

Anyway, really great news. Now everyone really can see that you heard peoples requests.
Thank you for all of this.
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