Would it be smart to...
Tsmith10803
04-10-2006 21:04:28
Start a freebie website? They look like a lot of fun, and I have a lot of time and effort to put into it. I know how the whole system works, and I know what people look for in a good website, and I understand how to make it all happen. The thing I'm asking is, would it be wise with all the sites out there already? I would do it mainly for the fun, not so much for the profit, so the $ per ref would be quite high. I would also make a lot of promos and if I had a site, give out random prizes to people. Anyone think it's a good idea? Please let me know how you guys feel about that
ilanbg
04-10-2006 21:05:46
You better have a lot of capital; do you have $5,000 to potentially lose if something goes wrong?
Tsmith10803
04-10-2006 21:07:20
Not quite 5k, but I do have a couple thousand I'd be willing to risk. I guess I should wait to have more capital?
ilanbg
04-10-2006 21:36:06
With this many freesites out you may have less people completing the site at first, so that may be enough.
You need enough to ship out all the gifts for the first month, until you're reimbursed by the offer completions. If you can do that and afford hosting and coding and such, go for it.
Tsmith10803
04-10-2006 21:44:26
I'm not worried about it so much financially as I am about users. There are so many sites out there already, I'm worried that if I made one, mine would just get lost in the bunch like so many others lisighli
ilanbg
04-10-2006 21:55:36
But most of the others suck. YGF started out like all the others, but with its promotions and consistent user satisfaction it has quickly grown into a trusted network.
FreeEnterprize Joe
04-10-2006 22:00:15
If you need a good script, I run a freebie site that offer freebie scripts for just 3 OOD completions... D
I kid I kid, but who knows....
Tsmith10803
04-10-2006 22:02:05
as a user myself, idc about script, but what about you guys, do you think custom scripts or generic scripts really matter?
granted it would be good for us, but i suggest that the overall net profit of the site, though not your primary motivator, should be a motivator. Without the desire for $ you will get weighed down by the grind of it all and it will not be fun anymore -> not as much time on the site -> user dissatisfaction -> collapse of site.
VrExe
05-10-2006 05:58:40
that's what kind of happened to Reward Bull, they started great but people started to hate them because of downfall of the customer support.
The first thing you need to do if you want to start a company is research. From the looks of it, you need to do alot because you said earlier you don't know about scripts and such.
custom scripts matter because of features and such. If you compare RAFs to any other scripts, you will quickly find RAFs as the worst because of lack of features.
By generic, if you mean using it the way it is, then no. You will find that people will not think highly of your site. Not that they will avoid but just not think of your site over the others. Hence, get lost behind the other sites.
To recap
1. Research background information of this industry
2. Do a careful mathematical buisness formulas
3. Choose the right script for you
You may want to additionally get a web designer to make you a custom look of your site. If you want, I can help you with that part. I have done a few of the network sites including GiftsInnovations and another network's site which will debut in about a week.
www.Points4Rewards.com
05-10-2006 11:20:07
[quoteeb3a5c3329="VrExe"]that's what kind of happened to Reward Bull, they started great but people started to hate them because of downfall of the customer support.
The first thing you need to do if you want to start a company is research. From the looks of it, you need to do alot because you said earlier you don't know about scripts and such.
custom scripts matter because of features and such. If you compare RAFs to any other scripts, you will quickly find RAFs as the worst because of lack of features.
By generic, if you mean using it the way it is, then no. You will find that people will not think highly of your site. Not that they will avoid but just not think of your site over the others. Hence, get lost behind the other sites.
To recap
1. Research background information of this industry
2. Do a careful mathematical buisness formulas
3. Choose the right script for you
You may want to additionally get a web designer to make you a custom look of your site. If you want, I can help you with that part. I have done a few of the network sites including GiftsInnovations and another network's site which will debut in about a week.[/quoteeb3a5c3329]
Indeed, Very Good Advice, also look fo a good web hosting service.
YourGiftsFree
05-10-2006 12:06:58
[quoteae0dec1b76="ilanbg"]But most of the others suck. [bae0dec1b76]YGF started out like all the others, but with its promotions and consistent user satisfaction it has quickly grown into a trusted network[/bae0dec1b76].[/quoteae0dec1b76]
Very true. I pushed and pushed and pushed! This is how I got to where I am today!
Killer722
05-10-2006 12:09:07
[quote2d9eb5b39a="YourGiftsFree"][quote2d9eb5b39a="ilanbg"]But most of the others suck. [b2d9eb5b39a]YGF started out like all the others, but with its promotions and consistent user satisfaction it has quickly grown into a trusted network[/b2d9eb5b39a].[/quote2d9eb5b39a]
Very true. I pushed and pushed and pushed! This is how I gave birth to my third daughter![/quote2d9eb5b39a]
Corrected ;)
On topic If you start a good site, I'll probably do it. I'm always one of the first to test new sites.
Tsmith10803
05-10-2006 12:44:19
I'm thinking of making a site, I'll be doing a lot of research tonight, I'll also, if I seriously start thinking of opening a site, look for the best items to offer, and for sure give Paypal as an option, because I almost always do that on freebie sites. But yea, I'll do research for it tonight
VrExe
05-10-2006 13:07:43
One thing I have as a fair warning to you is the paypal option.
Seems like paypal likes to limit alot of Freebie site owner's paypal account. When it happens, you can get out by writing the right letter. If you write a wrong letter, they will say that their decision is final and won't discuss any further.
Kerms was one of the paypal locked victim but he was able to get out of it by writing a letter which he won't share with the other victims.
Just telling you that you should be prepared for that as well if you are planning on providing paypal as an option.
Tsmith10803
05-10-2006 13:55:53
Yea, I'm also thinking of running a lot of promos, so I'm going to save money, I want to start my site if I make one with a 'bang'
WhyPayItsFree
06-10-2006 08:41:39
SpeedyFreebies got his paypal closed and wrote a letter but paypal didn't open his account again.. I wonder what kerms wrote..
dmorris68
06-10-2006 11:49:12
FusionCash also got their PayPal account restored, it wasn't just Kerms.
You just have to convince them that freebie sites are NOT pyramid, Ponzi, or matrix schemes, which is what they're claiming when they shut these sites down.
JayxDirect
06-10-2006 13:14:25
[quoteabb07480a0="dmorris68"]FusionCash also got their PayPal account restored, it wasn't just Kerms.
[babb07480a0]
You just have to convince them that freebie sites are NOT pyramid, Ponzi, or matrix schemes, which is what they're claiming when they shut these sites down.[/babb07480a0][/quoteabb07480a0]
Not as easy as it sounds though. Paypal are a bunch of numskulls who reply with the same response over and over, even after you clearly explained the workings of your/these site(s).
WhyPayItsFree
06-10-2006 13:21:20
Dmorris,
Can you pl. tell what exactly you told them to convience them that it is nothing illegal. ?
doylnea
06-10-2006 13:33:13
[quote1689dfb7c8="g-agarwal"]Dmorris,
Can you pl. tell what exactly you told them to convience them that it is nothing illegal. ?[/quote1689dfb7c8]
Dmorris had nothiing to do with FusionCash regaining control of their Payapl account.
That said, YOU (or the site owner) need to make a clear distinction between a ponzi pyramid scheme, and the free-site business model. No one here is going to do the work for you, but a clear distinction made between the two models of business would be a good place to start.
WhyPayItsFree
06-10-2006 14:35:34
To make the distinction, I would have to find out about pyramid/ponzi schemes... i will do that.
Daggoth
06-10-2006 17:04:46
A deciding factor in many sites for me is their payout ratio. Average is $35/ref, but to get a high amount of people instantly, make it at least $40/ref like YGF. The higher it is, the probable chance of getting more users. With that said, your net profit will go down dramatically, and you could start losing money when someone completes a site.
YourGiftsFree
06-10-2006 17:22:01
[quote73c87edda0="Daggoth"]A deciding factor in many sites for me is their payout ratio. Average is $35/ref, but to get a high amount of people instantly, make it at least $40/ref like YGF. The higher it is, the probable chance of getting more users. With that said, your net profit will go down dramatically, [b73c87edda0]and you could start losing money when someone completes a site.[/b73c87edda0][/quote73c87edda0]
At 40/ref, not necessarily
KnightTrader
06-10-2006 20:21:28
If you can ship out gifts before geting advertiser check, Also need to find a Niche and stick to it. be different somehow. ;/
Tsmith10803
06-10-2006 21:37:21
Yea, the thing is that I'm not sure I'd be able to afford shipping gifts before I got the advertisers check cry
Darkside
07-10-2006 05:10:43
I next to never complete sites launched on a forum. I know others share this feeling with me.
Daggoth
07-10-2006 05:30:09
[quoteeb1f94bd8f="Tsmith10803"]Yea, the thing is that I'm not sure I'd be able to afford shipping gifts before I got the advertisers check cry[/quoteeb1f94bd8f]
Well, when you first start, you will have an extremely small userbase, especially with all these other small sites coming out, so I am guessing it would take $3,000 capital at most for your first month, depending on your payout ratio.
YourGiftsFree
07-10-2006 06:58:30
[quotecc74e8dc76="Daggoth"][quotecc74e8dc76="Tsmith10803"]Yea, the thing is that I'm not sure I'd be able to afford shipping gifts before I got the advertisers check cry[/quotecc74e8dc76]
Well, when you first start, you will have an extremely small userbase, especially with all these other small sites coming out, so I am guessing it would take $3,000 capital at most for your first month, depending on your payout ratio.[/quotecc74e8dc76]
Daggoth is giving great advice. To make your userbase grow, just offer great CS and make you site known. Run some promos!
WhyPayItsFree
22-10-2006 11:41:55
Well, I did some research on these ponzi schemes and was able to find some differences
Any links which explain how they work.. ?
WhyPayItsFree
29-10-2006 14:55:59
Did all site owners get account closed once or limited ?
bruman
29-10-2006 15:29:56
You have to be different if you want to make it.
DIABLO
29-10-2006 16:17:50
$3,000 to start a site? The RewardzNetwork owners used $8,000 or so in the first month. It depends if your going to ship out some gifts early or wait until you get paid from the advertisers though, if you're going to wait then you don't need much, if not then you need tons.