Would you pay a small monthly fee for a marketing funnel to use?

[xeroc]

I agree ... the referral program will take it's time to fully deploy and "make sense" ... in the meantime there is money to be made as market maker

[fav]

Use the recurring payment feature and you'll get everyone on board. For less than $1 a day they can join your network? I'd get on it.

But not for $98 at once. So only with recurring payments would you have a good chance at getting people on it.

Bytemaster? Xeroc? What do you think?

this offer is for affiliate marketers, and I can assure you $98 one time is a very good price for a professional funnel.

I don't think this offer is useful for inexperienced or new people.

[luckybit]

Use the recurring payment feature and you'll get everyone on board. For less than $1 a day they can join your network? I'd get on it.

But not for $98 at once. So only with recurring payments would you have a good chance at getting people on it.

Bytemaster? Xeroc? What do you think?

[luckybit]

I think people will pay only if you can prove it works, by showing us some data, some a/b type testing, statistics, but in general we do need an information network.

Politicians collect data on demographics they serve and so should we, so if your funnels are data rich, provide us with actionable information, then yes I could see myself paying $98 for it at some point.

Information is very very important, and to have access to demographic information is valuable enough that people would pay for it and you could make plenty of money.

[fav]

any news on this? @bitmarket

[ubits]

Yes

[bytemaster]

We will work out a referral program for bitshares.org that will see to it you get rewarded downstream by forwarding the r=? args to the partner sites that the user eventually selects.

[tonyk]

There is way too much confusion and misinformation out there. 

1. Cryptonomex does not and never will host any wallets for regulatory risk reasons (See Ripple Labs).  That has been stated from day one.
2.  Partners such as CCEDK, Banx, and Bunker will host wallets and register users.  They will share with us 50% of any income they get.
3.  Partners can choose what percent they want to share with affiliates.  Affiliates do not host wallets, they provide links such as  "openledger.com?r=bitmarket".   
4. When openledger (OL) registers an account they define the split between OL and the Affiliate.   Half of OL's share is given to CNX.  If OL does not take a any cut, then CNX does not get a cut.
5. Different affiliates can have different deals based upon volume.   Someone who makes one referral may get a 50% cut.  Someone who makes 1000 referrals may get a 75% cut.   The cut is entirely in the control of OL, BANX, etc.

ok, and who will provide the wallets on october 13th? this is the part i don't understand.

do i understand it correct as i upgrade my existing wallet name "shentist" the fees are burned???

Referral income from the upgrade is allocated to the committee-account which is controlled by elected members and all transactions have a two week hold for stakeholders to review and/or vote out the committee members that approve it.   In other words, the funds are available to grow BTS.   This was the easiest approach that didn't involve special-casing nor burning.

What is the role of bitshares.org? So no wallet will be accessible on bitshares.org - just links to partner sites where the wallet can be found? Will bitshares.org 'owner'  - whoever that is - receive the referral fee to these wallets based on the deal they cut with the wallet providers, and then CMX get half of the wallet providers revenue (so if I was referring a user to bitshares.org it would actually not benefit me whatsoever)?

Interesting question. Maybe the fee should go (the site should refer with the ID for)  to the same committee-account  mentioned above by BM.

[edit]
Ideally of course the site should  catch the referrer ID and dynamically insert it in its own outgoing links to the wallets .Have no idea if this is possible technically but sounds like it should be.
[edit2] oops.too slow. BM posted pretty much the same thing.

[mint chocolate chip]

There is way too much confusion and misinformation out there. 

1. Cryptonomex does not and never will host any wallets for regulatory risk reasons (See Ripple Labs).  That has been stated from day one.
2.  Partners such as CCEDK, Banx, and Bunker will host wallets and register users.  They will share with us 50% of any income they get.
3.  Partners can choose what percent they want to share with affiliates.  Affiliates do not host wallets, they provide links such as  "openledger.com?r=bitmarket".   
4. When openledger (OL) registers an account they define the split between OL and the Affiliate.   Half of OL's share is given to CNX.  If OL does not take a any cut, then CNX does not get a cut.
5. Different affiliates can have different deals based upon volume.   Someone who makes one referral may get a 50% cut.  Someone who makes 1000 referrals may get a 75% cut.   The cut is entirely in the control of OL, BANX, etc.

ok, and who will provide the wallets on october 13th? this is the part i don't understand.

do i understand it correct as i upgrade my existing wallet name "shentist" the fees are burned???

Referral income from the upgrade is allocated to the committee-account which is controlled by elected members and all transactions have a two week hold for stakeholders to review and/or vote out the committee members that approve it.   In other words, the funds are available to grow BTS.   This was the easiest approach that didn't involve special-casing nor burning.

What is the role of bitshares.org? So no wallet will be accessible on bitshares.org - just links to partner sites where the wallet can be found? Will bitshares.org 'owner'  - whoever that is - receive the referral fee to these wallets based on the deal they cut with the wallet providers, and then CMX get half of the wallet providers revenue (so if I was referring a user to bitshares.org it would actually not benefit me whatsoever)?

[bytemaster]

There is way too much confusion and misinformation out there. 

1. Cryptonomex does not and never will host any wallets for regulatory risk reasons (See Ripple Labs).  That has been stated from day one.
2.  Partners such as CCEDK, Banx, and Bunker will host wallets and register users.  They will share with us 50% of any income they get.
3.  Partners can choose what percent they want to share with affiliates.  Affiliates do not host wallets, they provide links such as  "openledger.com?r=bitmarket".   
4. When openledger (OL) registers an account they define the split between OL and the Affiliate.   Half of OL's share is given to CNX.  If OL does not take a any cut, then CNX does not get a cut.
5. Different affiliates can have different deals based upon volume.   Someone who makes one referral may get a 50% cut.  Someone who makes 1000 referrals may get a 75% cut.   The cut is entirely in the control of OL, BANX, etc.

ok, and who will provide the wallets on october 13th? this is the part i don't understand.

do i understand it correct as i upgrade my existing wallet name "shentist" the fees are burned???

Referral income from the upgrade is allocated to the committee-account which is controlled by elected members and all transactions have a two week hold for stakeholders to review and/or vote out the committee members that approve it.   In other words, the funds are available to grow BTS.   This was the easiest approach that didn't involve special-casing nor burning.

[tonyk]

There is way too much confusion and misinformation out there. 

1. Cryptonomex does not and never will host any wallets for regulatory risk reasons (See Ripple Labs).  That has been stated from day one.
2.  Partners such as CCEDK, Banx, and Bunker will host wallets and register users.  They will share with us 50% of any income they get.
3.  Partners can choose what percent they want to share with affiliates.  Affiliates do not host wallets, they provide links such as  "openledger.com?r=bitmarket".   
4. When openledger (OL) registers an account they define the split between OL and the Affiliate.   Half of OL's share is given to CNX.  If OL does not take a any cut, then CNX does not get a cut.
5. Different affiliates can have different deals based upon volume.   Someone who makes one referral may get a 50% cut.  Someone who makes 1000 referrals may get a 75% cut.   The cut is entirely in the control of OL, BANX, etc.

ok, and who will provide the wallets on october 13th? this is the part i don't understand.

There will be a desktop wallet, so you can run it yourself .This is one of the changes since the original announcement.

[Shentist]

There is way too much confusion and misinformation out there. 

1. Cryptonomex does not and never will host any wallets for regulatory risk reasons (See Ripple Labs).  That has been stated from day one.
2.  Partners such as CCEDK, Banx, and Bunker will host wallets and register users.  They will share with us 50% of any income they get.
3.  Partners can choose what percent they want to share with affiliates.  Affiliates do not host wallets, they provide links such as  "openledger.com?r=bitmarket".   
4. When openledger (OL) registers an account they define the split between OL and the Affiliate.   Half of OL's share is given to CNX.  If OL does not take a any cut, then CNX does not get a cut.
5. Different affiliates can have different deals based upon volume.   Someone who makes one referral may get a 50% cut.  Someone who makes 1000 referrals may get a 75% cut.   The cut is entirely in the control of OL, BANX, etc.

ok, and who will provide the wallets on october 13th? this is the part i don't understand.

do i understand it correct as i upgrade my existing wallet name "shentist" the fees are burned???

[bytemaster]

There is way too much confusion and misinformation out there. 

1. Cryptonomex does not and never will host any wallets for regulatory risk reasons (See Ripple Labs).  That has been stated from day one.
2.  Partners such as CCEDK, Banx, and Bunker will host wallets and register users.  They will share with us 50% of any income they get.
3.  Partners can choose what percent they want to share with affiliates.  Affiliates do not host wallets, they provide links such as  "openledger.com?r=bitmarket".   
4. When openledger (OL) registers an account they define the split between OL and the Affiliate.   Half of OL's share is given to CNX.  If OL does not take a any cut, then CNX does not get a cut.
5. Different affiliates can have different deals based upon volume.   Someone who makes one referral may get a 50% cut.  Someone who makes 1000 referrals may get a 75% cut.   The cut is entirely in the control of OL, BANX, etc.

[38PTSWarrior]

“clap, clap, clap clap clap clap“

[mint chocolate chip]

Where is the wallet access, because doesn't the wallet provider take a cut? For example, if it is on bitshares.org, would you be funneling to bitshares.org and thus we would end up with only the 50/50 commission?

No commissions split others.   BM/Cryptonomex will host wallets and not take a cut.

BIG ROUND OF APPLAUSE for CMX!!!

[BunkerChainLabs-DataSecurityNode]

Well I just learned that all upgrade fees form 1.0 to 2.0 go to the network now and so I have lost my revenue model and thus my incentive to create such a funnel

Max,  if your revenue model depended upon getting upgrade fees from EXISTING users then that would be a relatively small market.   If every forum member who has posted in the
past 3 months were to sign up through your funnel it would only represent a one-time revenue of perhaps $100,000 that will vest over a year.  That is not a long-term business play. 

All NEW users who signup and then upgrade will be paid to you.    So if you signup a new account (pay the account registration fee) and then they upgrade to LTM then you get $80. 

I hope that clarifies things for you.  After all, we designed the referral program based upon your ideas.  I would hate to think that we did something with the design that undermines your plans.

With that said... Max I don't see any reason why you can't just roll out as planned, since the only objection was initially to capture the conversion of all existing members here. Clearly the opportunity to create new users is far far far greater and will yield the multiples you are seeking.

Or is there something I missed in your OP on the reasoning behind changing the plan?

[bitmarket]

Well I just learned that all upgrade fees form 1.0 to 2.0 go to the network now and so I have lost my revenue model and thus my incentive to create such a funnel

Max,  if your revenue model depended upon getting upgrade fees from EXISTING users then that would be a relatively small market.   If every forum member who has posted in the
past 3 months were to sign up through your funnel it would only represent a one-time revenue of perhaps $100,000 that will vest over a year.  That is not a long-term business play. 

All NEW users who signup and then upgrade will be paid to you.    So if you signup a new account (pay the account registration fee) and then they upgrade to LTM then you get $80. 

I hope that clarifies things for you.  After all, we designed the referral program based upon your ideas.  I would hate to think that we did something with the design that undermines your plans.

There are two costs I must cover. 
1. Upfront costs (relatively large) - Time, energy, video production, opportunity cost
2. Ongoing (relatively small) -  Just hosting fees and a little split testing. I like giving as much to the referrer as possible so I don't want to take anymore than 10% from that.  (The theory/hope is that higher incentives brings volume which makes up for it.)

Btw, 3 months is a lot more exciting for the referrer which is obviously good.  I hope it is enough to preserve the referral system.

[bitmarket]

Where is the wallet access, because doesn't the wallet provider take a cut? For example, if it is on bitshares.org, would you be funneling to bitshares.org and thus we would end up with only the 50/50 commission?

No commissions split others.   BM/Cryptonomex will host wallets and not take a cut.

[fav]

Well I just learned that all upgrade fees form 1.0 to 2.0 go to the network now and so I have lost my revenue model and thus my incentive to create such a funnel

Max,  if your revenue model depended upon getting upgrade fees from EXISTING users then that would be a relatively small market.   If every forum member who has posted in the
past 3 months were to sign up through your funnel it would only represent a one-time revenue of perhaps $100,000 that will vest over a year.  That is not a long-term business play. 

All NEW users who signup and then upgrade will be paid to you.    So if you signup a new account (pay the account registration fee) and then they upgrade to LTM then you get $80. 

I hope that clarifies things for you.  After all, we designed the referral program based upon your ideas.  I would hate to think that we did something with the design that undermines your plans.

1y vesting will be the starting number?
Slightly disappointed - I remember talks about 3 mo. Hope this is a vote-able parameter as well.

I thought it was lowered to 3 or 2 months? wasn't that part of a hangout recently?

[bytemaster]

Well I just learned that all upgrade fees form 1.0 to 2.0 go to the network now and so I have lost my revenue model and thus my incentive to create such a funnel

Max,  if your revenue model depended upon getting upgrade fees from EXISTING users then that would be a relatively small market.   If every forum member who has posted in the
past 3 months were to sign up through your funnel it would only represent a one-time revenue of perhaps $100,000 that will vest over a year.  That is not a long-term business play. 

All NEW users who signup and then upgrade will be paid to you.    So if you signup a new account (pay the account registration fee) and then they upgrade to LTM then you get $80. 

I hope that clarifies things for you.  After all, we designed the referral program based upon your ideas.  I would hate to think that we did something with the design that undermines your plans.

1y vesting will be the starting number?
Slightly disappointed - I remember talks about 3 mo. Hope this is a vote-able parameter as well.

My bad, we did discuss making it 3 months.  1 year was the initial design, but we will launch with 3 months.

[tonyk]

Well I just learned that all upgrade fees form 1.0 to 2.0 go to the network now and so I have lost my revenue model and thus my incentive to create such a funnel

Max,  if your revenue model depended upon getting upgrade fees from EXISTING users then that would be a relatively small market.   If every forum member who has posted in the
past 3 months were to sign up through your funnel it would only represent a one-time revenue of perhaps $100,000 that will vest over a year.  That is not a long-term business play. 

All NEW users who signup and then upgrade will be paid to you.    So if you signup a new account (pay the account registration fee) and then they upgrade to LTM then you get $80. 

I hope that clarifies things for you.  After all, we designed the referral program based upon your ideas.  I would hate to think that we did something with the design that undermines your plans.

1y vesting will be the starting number?
Slightly disappointed - I remember talks about 3 mo. Hope this is a vote-able parameter as well.

[bytemaster]

Well I just learned that all upgrade fees form 1.0 to 2.0 go to the network now and so I have lost my revenue model and thus my incentive to create such a funnel

Max,  if your revenue model depended upon getting upgrade fees from EXISTING users then that would be a relatively small market.   If every forum member who has posted in the
past 3 months were to sign up through your funnel it would only represent a one-time revenue of perhaps $100,000 that will vest over a year.  That is not a long-term business play. 

All NEW users who signup and then upgrade will be paid to you.    So if you signup a new account (pay the account registration fee) and then they upgrade to LTM then you get $80. 

I hope that clarifies things for you.  After all, we designed the referral program based upon your ideas.  I would hate to think that we did something with the design that undermines your plans.

[mint chocolate chip]

Where is the wallet access, because doesn't the wallet provider take a cut? For example, if it is on bitshares.org, would you be funneling to bitshares.org and thus we would end up with only the 50/50 commission?

[BunkerChainLabs-DataSecurityNode]

To answer your question in its current form.

No, I would not pay for that.

[fav]

why don't you just offer a referral split? should be possible, right?

i think he wants to get something in advance, because you will never know if this will work.

Max, what about this

- create an asset for your referrer business in bitshares
- sell the asset to people, hold the rest for yourself
- make a comitment that this asset will get xx% of all the collected fees like fee sharing etc.

this will give you money upfront ; you can set the value you think this is worth by yourself ; you can use the service for the marketers for free so the hurdle for everyone will be lower

i am not sure if we have so many profis here, but i think with this way you will find many people who will use and invest in this service.

great idea too... pay like 5-10% dividends on your networks net income every month, and take a cut from marketers as your profit. I'd be fine with 70% refshare for my work (bitshares.org only offers 50% through faucet for example)

[Shentist]

why don't you just offer a referral split? should be possible, right?

i think he wants to get something in advance, because you will never know if this will work.

Max, what about this

- create an asset for your referrer business in bitshares
- sell the asset to people, hold the rest for yourself
- make a comitment that this asset will get xx% of all the collected fees like fee sharing etc.

this will give you money upfront ; you can set the value you think this is worth by yourself ; you can use the service for the marketers for free so the hurdle for everyone will be lower

i am not sure if we have so many profis here, but i think with this way you will find many people who will use and invest in this service.

[fav]

why don't you just offer a referral split? should be possible, right?

Edit: if my own funnel fails, I'd totally buy in (for BitUSD)

[mike623317]

Yes, I like the sound of it Max.
Count me in.

[donkeypong]

I might pay it. But I'm not clear on how it would work for you financially. First of all, your post title asks about a small monthly fee, but in the post itself you seem to focus on the $97. I think you might get more business if you let people do either one. The small monthly fee would be a pain in the ass to administer, but I'm thinking you might get more takers if the threshold is lower than $97. Then there are people like me who would rather just pay the full amount and be done with it.

Presumably, someone would pay the $97 because they see a chance of earning much more from the referrals. Does that work out for you financially, given the referral fees? I guess my real question there is, do you need some greater scale (lots of people paying in) or is each user essentially self-supporting?

You could call it a membership fee (or something similarly plain) just so that no one in government believes you are running a Ponzi type scheme. I actually have a healthy respect for pyramid structures when it comes to referral fees; to my knowledge, no one has come up with a more powerful marketing reward system, as all the Amways of the world figured out and many Fortune 1000 companies emulated long ago. But you have to be careful that no one thinks you're running an unsustainable Ponzi scheme.

Could there be any play as far as creating a UIA or doing some crowdfunding to kick this off, to the point where you had a big enough pool of money to fund/incentivize x number of participants?

[carpet ride]

So this is for driving consumers to the bitshares webwallet, could the offer potentially include other apps too?

[Murderistic]

Hi everyone,

I had intended to create a marketing funnel complete with email capture, info-education videos, and tracking.   It was going to be designed so all you had to do was drive traffic to a site with your referal link and you would get the commission.   

I was going to make it free to everyone as long as they made me your referrer when you upgraded from 1.0 to 2.0.   I was expecting to give away that and lots of other cool bonuses basically making it so irresistible that everyone would choose me as their referrer.  SInce it would cost you nothing over and above the upgrade fee to premium 2.0 member that many of you would most likely pay anyway, I figured I would make 50k-100k by creating this kick ass funnel for you guys to use.  I also thought I would throw in several hundred dollars of bonuses that more people would upgrade to the bitshares premium member as well.   I thought the plan was beautiful and a win/win/win

Well I just learned that all upgrade fees form 1.0 to 2.0 go to the network now and so I have lost my revenue model and thus my incentive to create such a funnel.   Bitshares has also lost a poster boy to show off to the crypto world of someone who can make serious money with the bitshares referral program quickly.

I also really like the idea of lots of traffic going into one channel because it makes split testing easy and the funnel learns quickly.  So what to do?

Well the only course of action I see is for people to pay for such a service.

So here is my offer to see if there is sufficient demand to warrant me building this funnel.

Would you pay a one time fee of $97 now for lifetime access to a marketing funnel as described above?  It would continually improve and I Would always be testing things.   You will get the full 80% comms from people you refer.   They will not have to pay the $97.  But they will get 70%, I will get 10%.   ie: they will get the same service as you by giving me a 10% cut on all future.  Actually maybe I will offer them the 97$ deal as well.

Because I know we have very nice and encouraging forum members, I know the tendency will be to say... hell yes I will pay. Just so you know this is not an anonymous forum.  If you say yes, I will expect you to pay so please only say yes if you are willing to me $97 for lifetime use of the funnel.  * Lifetime means as long as it is worth my time to run the funnel you get it for free.

I guess its a bit rude of me to ask you to pay for marketing funnel you have not yet seen, so all I can see is that I have two web business with over $1 million in sales for information products so I have some runs on the board.

Let me know if you are a yes?

Good question my friend.

[bitmarket]

Hi everyone,
edit:  confusing title.   By the time I finished writing the post I had changed my mind from a small monthly fee to a lifetime fee.  Sorry for the confusion.

I had intended to create a marketing funnel complete with email capture, info-education videos, and tracking.   It was going to be designed so all you had to do was drive traffic to a site with your referal link and you would get the commission.   

I was going to make it free to everyone as long as they made me your referrer when you upgraded from 1.0 to 2.0.   I was expecting to give away that and lots of other cool bonuses basically making it so irresistible that everyone would choose me as their referrer.  SInce it would cost you nothing over and above the upgrade fee to premium 2.0 member that many of you would most likely pay anyway, I figured I would make 50k-100k by creating this kick ass funnel for you guys to use.  I also thought I would throw in several hundred dollars of bonuses that more people would upgrade to the bitshares premium member as well.   I thought the plan was beautiful and a win/win/win

Well I just learned that all upgrade fees form 1.0 to 2.0 go to the network now and so I have lost my revenue model and thus my incentive to create such a funnel.   Bitshares has also lost a poster boy to show off to the crypto world of someone who can make serious money with the bitshares referral program quickly.

I also really like the idea of lots of traffic going into one channel because it makes split testing easy and the funnel learns quickly.  So what to do?

Well the only course of action I see is for people to pay for such a service.

So here is my offer to see if there is sufficient demand to warrant me building this funnel.

Would you pay a one time fee of $97 now for lifetime access to a marketing funnel as described above?  It would continually improve and I Would always be testing things.   You will get the full 80% comms from people you refer.   They will not have to pay the $97.  But they will get 70%, I will get 10%.   ie: they will get the same service as you by giving me a 10% cut on all future.  Actually maybe I will offer them the 97$ deal as well.

Because I know we have very nice and encouraging forum members, I know the tendency will be to say... hell yes I will pay. Just so you know this is not an anonymous forum.  If you say yes, I will expect you to pay so please only say yes if you are willing to me $97 for lifetime use of the funnel.  * Lifetime means as long as it is worth my time to run the funnel you get it for free.

I guess its a bit rude of me to ask you to pay for marketing funnel you have not yet seen, so all I can see is that I have two web business with over $1 million in sales for information products so I have some runs on the board.

Let me know if you are a yes?