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Wed 30th July - Daily News

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Jo
Traffic Value: $8,649,585.93592 Spain
2 like this post 0 people
30/07/2014 14:29
Why do you need an account milestone to buy advertising?
Is 155% of your purchase not enough?

Is an extra ~10% paid via milestones really going to be the difference between you investing & not at all?

I don't think so.
shinee_red
Traffic Value: $219.55896 Philippines
1 like this post 0 people
30/07/2014 14:31
ps; Ignore If the Suggestion isn't good...cwy
Brainy
Traffic Value: $1,095,877.628 Canada
4 like this post 0 people
30/07/2014 14:44
Hey Jo,

I wrote this post 1 week ago, but I don't think you read it.
Since you're talking about BAP debt reduction today, it makes sens that I repost it.


I got an idea about activation ads to lower the BAP you give for free.

First of all, I think the current activation ads should be split in two kinds.

The first one would be a single which give no BAP at all, but works as the activation ad.

Then, the others would be the free BAP ads.

So, everybody would have one Activation ad only. It would spend the ad credit faster and it's (imo) a clearer system.

This way, every big user (as me) would not click the BAP ads, but only the activation ad, so PV would give less free BAP's.

Another feature could be that PV just don't give free BAP's at all to members who reached a specific BAP group.

For example, I think the 12k+ group could be the bottom limit where PV doesn't give free BAP's anymore. I don't think people would whine a lot since 12k+ BAP group usually earn $0.10+/daily.

You could apply this rule to 24k+ BAP group if you think it's better.


I think the BAP debt would reduce significantly from these two add-ons. What do you think??
And you can't increase the BAP taxe more than 100/day really, so this idea could help a lot.
Brainy
Traffic Value: $1,095,877.628 Canada
2 like this post 0 people
30/07/2014 14:50
Also, if you're going to remove the BAP milestones, could you at least give us a deadline to reach our current milestones?

For example, I should get my 1 million BAP reward for buying $5,000 Adpack in about 2 days. It would suck that I lose the reward when I'm at 95% of achieving it.
Jo
Traffic Value: $8,649,585.93592 Spain
3 like this post 0 people
30/07/2014 14:59
I have added $71k in costs to PV; which is a bit of an estimation based on our current liquidity. It includes:

- Programming Bills
- Hosting & DDOS
- 5 Weeks Carlos & Jo Salaries
- Bit of random marketing last week
- SSL purchases, new server purchases etc
And the big one:
- Result Supplements! (~$50k or so)

The result supplements is an interesting one... As it's not entirely a cost. It's just a temporary lapse in our liquidity. As remember, PV has a whole bunch of FT250 investments and nearly 2million shares to sell. As soon as it sells those; it's good, everyone at PV is fully repaid... But to get the business rolling in the short term, and especially whilst the share price is flat; we're providing an advance on the part of the results. To keep everything ticking over nicely; and guaranteed grow the business. Whilst the debt gets cleared in the background.

But its not like a ponzi that's digging itself into a hole or anything... we're pushing up the business. The bigger we push it, the more insignificant the supplements become to the new revenue / scale.... And the growth created helps the investments mature more quickly... So it's all a positive spiral, that generates guaranteed growth, and pays itself off in the process.

And including these supplements as a cost, fills in the gap in the system that we've created via giving away too much BAP...
So now if we can plug that BAP leak, and turn it into a revenue; we've got a big business; that's on track to naturally clearing it's own debt anyway. Plus it's got a mountain of investments in the process of maturing to carry it forwards along with the usual actiivty / growth and legitimate advertising revenues we pull in as we develop PV further.

So PV is snowballing really nicely... As soon as the website issues stop inhibiting growth. We'll be rocketing along. We've added 10k members in a week; we'll be at 250k within the next few months I think. And then even a $1/day average purchase per user; is mega money / crazy turnover. And $50k invested now to achieve that scale; is peanuts and a very wortwhile investment.
Jo
Traffic Value: $8,649,585.93592 Spain
2 like this post 0 people
30/07/2014 15:02
Brainy... the task is in the programming queue. Complete your milestone before it's deployed. And you're good. No idea when that'll be; sooner the better! Every day we delay is another $1500.

But as I said, we'll likely rebuild this system from scratch at some point in the future - at which point i'll consider your ideas... But right now; we have no programming time what so ever! So we can't really do ANYTHING. But deleting it; is a 10minute task and well worth it.
Brainy
Traffic Value: $1,095,877.628 Canada
1 like this post 0 people
30/07/2014 15:20
Alright, you're the boss.

But removing Free BAP from users with 12k+ BAP should only take a few minutes also.

There was 4,214 members with more than 12k BAP today.
You give 100 Free BAP for every member: 4,214 * 100 = 421,400 BAP = $210,70

So you could potentially save $210,70/day by removing those free BAPs.

Your choice.
tjtan0929
Traffic Value: $203,540.80977 Malaysia
2 like this post 0 people
30/07/2014 15:29
totally unwelcome policysad why not just only reduce the reward points instead of delete all the rewards of milestone...it hurt mostly people's desire
Lion1994
Traffic Value: $7.67815 Poland
0 like this post 1 people
30/07/2014 15:42
1) My idea is to enter 'Recycled Mode': http://www.mytrafficvalue.com/forum/brainstorm/recycling_mode.html
2) Reduction of costs for adfilter with 10$ to 5$, enter 'Delete Adfilter' (a function that removes adfilter automatically)
for the price of 1$: http://www.mytrafficvalue.com/forum/questions/adfilter.html
3) New idea with application (app) in the style PaidVerts: http://www.mytrafficvalue.com/forum/brainstorm/next_big_project.html
4) the Idea of distributing 100 BAP is quite fresh and interesting. If we get 8x 100 BAP, it will be an elegant solution smile
joe31800
Traffic Value: $6,016.01548 United States
1 like this post 0 people
30/07/2014 15:43
Jo,

I'm not disputing the cost of milestone awards is a debt maker, but milestones are also an ever-present incentive to "get that 2 more referrals" or "to buy $50 in ads instead of $10", etc.

The dangling carrot always motivates me to do more, sooner, to get to the next milestone.

I always thought it should have been a 2 tier system tho. New members get the free BAP ads to get them started. Then at a preset level ( either time, or total ad views etc., to be determined ), a set of more realistic and MODEST milestones would kick in and award the BAP instead of the free BAP ads.
 
As an example :

After you complete the FREE BAP level:

When you buy an ad pack, 3000 BAP are awarded, plus 200 BAP per $1 purchased goes into a "bucket". When you have purchased $100 of ads, you "TIP THE BUCKET" and you get the accumulated 20,000 BAP (total cost in FREE BAP to PV is only 10,000)

Next Level:

$1 ad pack gets you 2800 BAP each, plus 500 BAP into the bucket. then at $500 of ads purchased you "TIP THE BUCKET" and get the 250,000 BAP (total cost in FREE BAP is only 100,000)

Next Level:

$1 ad pack gets you 2500 BAP each, plus 1000 BAP into the bucket. then at $1000 of ads purchased you "TIP THE BUCKET" and get the 1,000,000 BAP (total cost in FREE BAP is only 400,000)

This level could then repeat or an even higher level could be created.

 
Its just an example, and the numbers can be tweaked after looking at the P&L of the idea, but basically, 2/3 of the milestone award is your own BAP. Also, a source of offset is the people who lose interest in the program and drop off, lose the BAP never awarded. You can even make a little bucket graphic showing your progress.

You can mix in things for referrals etc. It is also important to find the most profitable parts of PV/MTV and get those involved in the milestone program. 

I just think that yanking the milestones program with no real notice is kinda like a money grab and not fair to those who may be close to the next level. There should be a sunset date invoked that will give people a chance to finish things up. Who knows, it may create quite a spike.?
Thuru
Traffic Value: $1,909.96027 Netherlands
0 like this post 2 people
30/07/2014 15:58
A very good idea to remove milestones. However wait with that one or better two days so people can finish the current one if they are very nearbe.

Note that higher level members because they got more than hunderd ads daily, its logical that they skip or recycle the lowest ones, because no time to to them.

Other thing what i want suggest is increase the 18 hours to 24 hours so people have enough time to click.

Other idea is indeed introduce activation ads, what pay nothing, no bap and no money. This can also help a lot.
I have no problem with the 100 bap tax, maybe make it 75 bap tax, but 100 is also fine. On higher level you dont reallly care about that.

You are doing anyway a very good job Jo.
userek
Traffic Value: $3,774.29458 Poland
0 like this post 0 people
30/07/2014 16:14
Jo,

I think it's good step for us. I know that the vast majority won't agree(eg. me, cuz i didn't do a lot of milestones grin ) but it's inevitable...

I hope you will do your best and you will make PV better than it is now! smile

Greetings Jo!
kamil333
Traffic Value: $385,783.27887 Switzerland
0 like this post 0 people
30/07/2014 16:23
New bap settings are ok, now we can earn 75 points for free (100 -25 tax), then 100 points (200-100 tax) but with more work. Some people for sure will skip clicking on these, so results can be good.

Lower debt = higher earnings + longevity. So, if we can exaplain these changes well, for sure people will accept them.
dan1989
Traffic Value: $76,730.43625 Portugal
1 like this post 0 people
30/07/2014 16:36
IMO, it should be 200BAP-125BAP=75BAP.

I sure that there will be people clicking on all of the activation ads...
slosumo - Administrator
Traffic Value: $28,438.4426 Slovenia
1 like this post 0 people
30/07/2014 16:43
Ah if the new BAP's will change to 200/day then that'll be fine yes.
Lion1994
Traffic Value: $7.67815 Poland
0 like this post 1 people
30/07/2014 16:49
Jo, how you can extend mini upgrade and mega update for all users that have booked it because the last days were with simple games and slowtime hand, was not clicked advertising... smile
petget
Traffic Value: $479.57846 Bulgaria
2 like this post 0 people
30/07/2014 16:54
A very bad idea to remove milestones. This will be demotivate users to promote PaidVerts. Some have already spent money for this purpose.  
And this will be UNFAIR - some users already received their BAPs from milestones and will not bring them back. 


I have idea how to reduce debt - to remove the recycled Ads. Yesterday 298081 ads totalling $878.3035 in value were recycled. It could reduce 1,5-2 million BAps daily.
 
colasander
Traffic Value: $386,747.05153 Netherlands
13 like this post 0 people
30/07/2014 17:08
Jo, you are earning $450 of referral commissions per 48 hours and still paying yourself a salary?!?!? How about reducing your salary, that is also helping reducing OUR debt.
Aeorith
Traffic Value: $276.13346 Philippines
5 like this post 0 people
30/07/2014 17:21
Dear Jo,

I'd be fine with the milestones being taken away if you could retain the very last one:

"Refer 20+ friends, that view 25,000+ ads, and buy $2,500 ads, to receive 2,000,000 BAP"

From my point of view, some of the other milestones just have too high a reward for a little amount of work.

But this last milestone -- one I like to call 'Referral Milestone #3' --- has been the one that has motivated me the most to promote PaidVerts wherever I can; not just through online advertising, but even with word-of-mouth. 

Also, the last milestone can serve as an "ultimate reward" for users who strived (and achieved) this milestone, giving them that very great sense of satisfaction and achievement that cannot be felt with other milestones. Honestly, when I first achieved the 50,000 BAP and 200,000 BAP milestone, I felt it was too easy. But with this last milestone, I knew that I'd really treasure achieving it, 'cause the main stumblingblock is the $2500 required purchase of my referrals.

So if ever you decide to remove the milestone (and maybe it is inevitable), would you please consider retaining just the last one? I'd even be okay with you removing the 10M BAP one (Buy $50,000 worth of ads); it's just unachieveable, at least here in my country.

I hope you can take my opinion in your decision making. I'd really be the happiest man in the world if you remove the other milestones and just retain this one. angel
MarcdeKoning - Administrator
Traffic Value: $468,983.12758 Netherlands
3 like this post 0 people
30/07/2014 17:41
100 BAP a day is way too much.
Even i'm in the 360k group and we get like a dollar a day. Reinvesting gives 1.475
Then we got recycles, a laggy server which causes us to lose ads sometimes and the 100 BAP is 2.5 cents.

There will be no attraction for a free user what so ever to continue using our program.
Also removing the milestones I really do not like, i've spent at least 250$ promoting paidverts on other ptc´s and just when i´m about to reach my milestones (which ease the pain of affording so much to advertise) you're removing them.

Don't forget that it's really a ptc and that even freebies are actually putting in work and spreading the word and hard work needs to be rewarded.

I don't care you split the free BAP ads, I never clicked on them. (Except when my activation period was running low) It will scare away other big investors as well from clicking the tiny BAP ads which will cause less debt.
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