Privacy settings

We use a number of cookies on our website. Some are essential, while others help us improve our portal for you.

Privacy settings

Here is an overview of all the cookies we use. You can choose to accept whole categories or view more information and select only certain cookies.

Essential (6)

Essential cookies enable basic functions and are necessary for the website to function properly.

Statistics (3)

Statistics cookies collect information anonymously. This information helps us to understand how our visitors use our website.
If the statistics cookies are subsequently deselected, they will remain on the computer until the expiry date. However, they are neither updated nor evaluated.

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

Topic created on 07th Dec. 2017 | Page: 1 of 1 | Answers: 4 | Views: 1,943
Anonym

What "costs" or "brings" the forum

7th Dec. 2017, at 12:01 am CET#1
0 Likes

Nobody has liked this post so far
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 ?

This post has been translated automatically

Anonym

What "costs" or "brings" the forum

7th Dec. 2017, at 08:54 am CET#2
0 Likes

Nobody has liked this post so far
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

This post has been translated automatically

Daniel
Elite

What "costs" or "brings" the forum

7th Dec. 2017, at 11:21 am CET#3
0 Likes

Nobody has liked this post so far
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.

This post has been translated automatically

Anonym

What "costs" or "brings" the forum

7th Dec. 2017, at 11:23 am CET#4
0 Likes

Nobody has liked this post so far
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?

This post has been translated automatically

Daniel
Elite

What "costs" or "brings" the forum

7th Dec. 2017, at 12:24 pm CET#5
0 Likes

Nobody has liked this post so far
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

This post has been translated automatically

Hot Topics26th Dec. 2024 at 11:08 pm CET

Law
0
Online Casinos
0
Miscellaneous
0

GambleJoe Team

Profile picture of JulianJulian
Community-Manager / Complaint SpecialistProfile picture of CounterCounter
Software developerProfile picture of MatthiasMatthias
Project manager
Profile picture of DanielDaniel
Founder

Community Forum-Moderators

Members who assist the GJ team in moderating the forum.
Profile picture of AndreAndre
Profile picture of gamble1gamble1
Profile picture of Langhans_innenLanghans_innen
Profile picture of SaphiraSaphira
GambleJoe is aimed exclusively at user whose allowed to play legally with his current location in online casinos and does not violate the current law.
It is the responsibility of the user to inform himself about the current legal situation. Gambling is prohibited for children and adolescents under the age of 18.
GambleJoe is a registered trademark with the EUIPO of GJ International Ltd.
© 2012-2024 GambleJoe.com
✕

Forgotten your password?

Create a new password here

  • 1. Fill in the 3 fields carefully and click on the green button
  • 2. Check your email inbox for a message from GambleJoe
  • 3. Click on the confirmation link in the email and your new password will be active immediately