A marketing idea? Whitepaper? Strategy? request? Either way I think its is gold.

[Globally Distributed]

Bitcoin grew without MLM help.  Don't forget the world is about to go through a cataclysmic economic implosion.....BitShares simply needs to be there with its products when it does
Hopefully having maintained it's core principals and unblemished trust.

Bingo.

Mining was basically redistributed MLM, now not so much as the barriers to entry are too high

[merlin0113]

Almost perfect suggestion in OP. BUT, pls aviod making too much code-level changes to make this happen. Unless we are ok to do bitshares in a way as a company rather than crypto currency.

来自我的 M040 上的 Tapatalk

[Ben Mason]

Anyone have forum moderator privileges?  We should make a new Marketing Subforum names "Pyramid and MLM schemes" and then move this thread there!

Ha!  I needed that....tired eyes.

[Ander]

Anyone have forum moderator privileges?  We should make a new Marketing Subforum names "Pyramid and MLM schemes" and then move this thread there!

[Ander]

Do you have any examples of successful businesses that have started MLM and weened off of it without the stigma of Amway, Mary Kay, Avon, etc.?

Not quite MLM, but the accounting company that I use gave me an Amazon voucher for referring a new customer. I thought it was great. This is their great landing page that explains why I would want to benefit from a referral scheme: http://www.crunch.co.uk/client-referral-scheme/

I dont see why this idea is so controversial.

Yep thats a great plan. 

Its not controversial because it didnt require you to spend $20 to become an "Amazon Pyramid Club Participant^TM", and then require your friend to pay $20 to become a participant as well, of which they gave you $6, and then gave some of the rest to people above you in the ladder.

[bobmaloney]

Do you have any examples of successful businesses that have started MLM and weened off of it without the stigma of Amway, Mary Kay, Avon, etc.?

Not quite MLM, but the accounting company that I use gave me an Amazon voucher for referring a new customer. I thought it was great: http://www.crunch.co.uk/client-referral-scheme/

I dont see why this idea is so controversial.

First, there is a world of difference between referrals and MLM.

Second, crypto already suffers from the pyramid/closed economy perception.

Who hasn't dealt with this problem when describing Bitcoin to friends/family/acquaintances?

Last, have you ever had a friend or family pitch MLM wares? (It's a rhetorical question, I hope you understand my jest.)

[speedy]

Do you have any examples of successful businesses that have started MLM and weened off of it without the stigma of Amway, Mary Kay, Avon, etc.?

Not quite MLM, but the accounting company that I use gave me an Amazon voucher for referring a new customer. I thought it was great. This is their great landing page that explains why I would want to benefit from a referral scheme: http://www.crunch.co.uk/client-referral-scheme/

I dont see why this idea is so controversial.

[bobmaloney]

Bitcoin grew without MLM help.  Don't forget the world is about to go through a cataclysmic economic implosion.....BitShares simply needs to be there with its products when it does
Hopefully having maintained it's core principals and unblemished trust.

Bingo.

[bobmaloney]

let's see some facts:

https://faucet.bitshares.org/refscoreboard

Referrers in total around 1500. in total. all our combined and track-able marketing/advertising efforts up to this point. Let's say 25% were real users. how many of those 25% stayed? let's assume 5% (probably a lot less)

Total users: ~20

No matter how great this product is, it won't grow without help. Apart from new active/inactive users, marketer will bring entrepreneurs and merchants with them.

The question/fear I have is:

Do we trade immediate MLM-driven adoption for long term stigma and lower long-run number of users we are likely to see once that MLM label sticks?

Can you convince us that the fear is irrational or at least very unlikely?

Do you have any examples of successful businesses that have started MLM and weened off of it without the stigma of Amway, Mary Kay, Avon, etc.?

[speedy]

BTS is already supposed to be a system where you buy in as an early investor by purchasing BTS, and then you get a dividend from market trading fees, in the form of having BTS be burned. 

But under the new proposed system, instead of encouraging people to buy $20 of BTS and supporting the share price, they are instead asked to put that $20 into a pyramid scheme operating within BTS.  Hilarious!  Its a way to dilute the potential revenues of BTS holders, thus making BTS worth less, in order to reward early participants in the new scheme.

This proposal says instead of taking all of the transaction fees as profit for the shareholders, give some of it back as a reward to those who refer new customers. What's so pyramid schemey about that?

[Ben Mason]

let's see some facts:

https://faucet.bitshares.org/refscoreboard

Referrers in total around 1500. in total. all our combined and track-able marketing/advertising efforts up to this point. Let's say 25% were real users. how many of those 25% stayed? let's assume 5% (probably a lot less)

Total users: ~20

No matter how great this product is, it won't grow without help. Apart from new active/inactive users, marketer will bring entrepreneurs and merchants with them.

Bitcoin grew without MLM help.  Don't forget the world is about to go through a cataclysmic economic implosion.....BitShares simply needs to be there with its products when it does Hopefully having maintained it's core principals and unblemished trust.

[Ander]

2. We get called scammers and MLM'ers all the time now by some retarded bitcoiners.

"People already think we are scammers.  Lets make them correct, and give them even more ammunition!"

6. This is not an act of desperation in anyway.  One way or another bitshares will have a multi billion dollar market cap because the product is that good. It can change lives for better and by a lot.   The question is... What is the most effective way to get the word out.

Its totally an act of desperation, and everyone in the crypto-verse will also see it as an act of desperation.

7. Quote from world famous marketer Jay Abraham.  "If your marketing doesn't make you uncomfortable you are doing it wrong"

"If your marketing plan doesn't betray the principles of what your company was founded on, and cause half your community members to leave in revolt, you are doing it wrong?"

[Globally Distributed]

The referral program would be wildly successful if it were incentivized by transaction fees. This is key to harnessing both multi level and single level referrals.  And on top of that, it is very analogous to mining, although, immensely more useful.

Sorry this made the idea click for myself, so I repeated it 

[Ander]

BTS is already supposed to be a system where you buy in as an early investor by purchasing BTS, and then you get a dividend from market trading fees, in the form of having BTS be burned. 

But under the new proposed system, instead of encouraging people to buy $20 of BTS and supporting the share price, they are instead asked to put that $20 into a pyramid scheme operating within BTS.  Hilarious!  Its a way to dilute the potential revenues of BTS holders, thus making BTS worth less, in order to reward early participants in the new scheme.

[Ben Mason]

by the way

best discussion in a while

agreed