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Off topic & small talk: What "costs" or "brings" the forum

Topic created on 07th Dec. 2017 | Page: 1 of 1 | Answers: 4 | Views: 1,928
Anonym

What "costs" or "brings" the forum

7th Dec. 2017, at 12:01 am CET#1
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Hey Daniel,
i would be interested (if you want to disclose this info) what the forum costs you or maybe it even makes profit for some reason ?

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Anonym

What "costs" or "brings" the forum

7th Dec. 2017, at 08:54 am CET#2
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Dipson wrote on 07/12/2017 at 00:01: Hey Daniel,
i would be interested to know (if you want to disclose this info) what the forum costs you or maybe it even throws off profit for some reason ?

I would also find that interesting

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Daniel
Elite

What "costs" or "brings" the forum

7th Dec. 2017, at 11:21 am CET#3
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The forum costs time. And since it is a proprietary development that integrates perfectly into our existing system, development costs as well. Programmers & designers have to be paid. A full time developer costs between 25€ gross per hour (salaried) and as a freelancer between 50€ and 100€ per hour. If the forum took 300 hours of development time (estimated), then the forum has cost us about 7,500€ in addition to a lot of time.

What the forum brings financially is difficult to estimate. The forum directly flushes estimated hardly money into the cash, since so far few visitors come by the forum on the side. Forums also rank worse and worse in Google. I estimate that the forum currently accounts for about 5% of total revenues. The forum (from a purely economic point of view) is more about keeping visitors coming back.

You can't look at the forum alone, you have to look at the whole package and you have to look at it in the long term.

In my opinion you should not think too much about whether something directly brings in money or not. You should think about whether a forum brings something to the people. In the long run, the development costs come back in and from then on you earn money, but until then you have created something that helps people and you enjoy it.

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Anonym

What "costs" or "brings" the forum

7th Dec. 2017, at 11:23 am CET#4
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Daniel wrote on 07.12.2017 at 11:21: The forum costs time. And since it is an in-house development that integrates perfectly with our current system, development costs as well. Programmers & designers have to be paid, after all. A full time developer costs between 25€ gross per hour (salaried) and as a freelancer between 50€ and 100€ an hour. If the forum took 300 hours of development time (estimated), then the forum has cost us about 7,500€ in addition to a lot of time.

What the forum brings financially is difficult to estimate. The forum directly flushes estimated hardly money into the cash, since so far few visitors come by the forum on the side. Forums also rank worse and worse in Google. I estimate that the forum currently accounts for about 5% of total revenues. The forum (from a purely economic point of view) is more about keeping visitors coming back.

You can't look at the forum alone, you have to look at the whole package and you have to look at it in the long term.

In my opinion you should not think too much about whether something directly brings in money or not. You should think about whether a forum brings something to the people. In the long term, the development costs come back in and from then on you earn money, but until then you have created something that helps people and you enjoy yourself.

What is the income then? When people click on the linked casinos here and the user then deposits there?

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Daniel
Elite

What "costs" or "brings" the forum

7th Dec. 2017, at 12:24 pm CET#5
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Ronny1982 wrote on 07/12/2017 at 11:23 AM

With what then revenue is made? If here is clicked on the linked casinos and the user then deposits there?

Correct If a user clicks, signs up and deposits and converts at least 20€, then we get a one-time commission. There is also the model of revenue sharing, but we no longer use this, because we are more independent and flexible through the distribution of the one-time commission. In addition, it is also much easier to calculate. On revenue share it can happen (and this happens often) that a player wins high and you do not earn a cent in a casino for months, although you find comparatively many players there. This revenue share is also, if you do not get big winners, nowhere near as lucrative as you might imagine ...

I used to do revenue sharing (because it's standard), which would definitely be a bit better in the long run, but then you can't work the way we do because you lose part of the revenue in case of a dispute. In the past we have lost a lot of money because we had to remove casinos that were bad for the players and also for the long-term reputation of GambleJoe and so the cooperation was terminated. These situations occurred more often during the time when I was not in a good financial position, mainly due to gambling. It was a hard time and that was one of many reasons why I wanted to stop GambleJoe in 2015.

Funny story about revenue sharing: In the middle of 2014, a player with an initial Deposit of less than €50 won over €40,000 on my account at the sunmaker casino - he basically killed my account completely. the player did not come back even once after that. The funny thing is that the player (before I knew it) contacted me by email at that time. He was afraid that the prize would not be paid out (but the prize was transferred 3 days later). I advised the player to take the chance and stop gambling. I hope that he actually did it and that the money did not end up in other Online Casinos, casinos or in the worst case in gambling houses

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