what do you think?

b3ncor5a · 07-12-08, 11:02 AM

i'd really appreciate any feedback from you on this one.I'll make it as simple as possible.
A mate of mine is in the process of setting up a website that has 10 offers (probably more eventually) that are all free and take no more than a couple of minutes.For each offer you complete you will get a prize draw entry for something like a ps3/360 ect. . and maybe every friend you refer you get a percentage of their draws too.
Would you use it?
What prizes would you like to see? (1st prize and 10 runners up)
any other ideas/comments for it?
thanks alot
ben

mcgrou · 07-12-08, 11:11 AM

I'd enter, If the offers really were free and the site didn't look "dodgy". i.e. if it was approved by eXceem, or another respectable site...

b3ncor5a · 07-12-08, 11:16 AM

Quote:

Originally Posted by mcgrou

I'd enter, If the offers really were free and the site didn't look "dodgy". i.e. if it was approved by eXceem, or another respectable site...

offers will be 100% free and will be things like signin up to a survey site or newsletter.In regards to been approved by exceem i think it may take alot of work and doubt it would be possible straight away.Thanks for the feedback.

1halfsingh · 07-12-08, 11:58 AM

hmmm, in principle it sounds like a good idea. I'm just not to clear how it would start initially.

Basically if these are free offers for newsletters etc as you say, then the money your mate is going to receive will be pretty low. So you would need a lot of people to complete offers to make it a viable business plan.

Also, how would he be able to set a date for the draw, without being able to guarantee he can cover the costs of the gift? It could be risky, as he might not have hardly any offers completed before he needs to send a gift out, and on the flip-side people won't want to enter a draw if they have no idea when it will take place.

It could work if you said there was , for example, a limit of 1000 entries into a draw, the more offers you complete, the more entries you get into that particular draw etc. Thus he can wait until the places have all been filled, and then knows he will at least cover his costs. People will be at the same time be driven to give themselves a better chance than others and this could all work in his favour.

As with all things like this it'll come down to promotion, he'll need to throw all his resources into getting as many people to sign up at the beginning to establish a customer base.

mcgrou · 07-12-08, 01:17 PM

Quote:

Originally Posted by 1halfsingh

hmmm, in principle it sounds like a good idea. I'm just not to clear how it would start initially.

Basically if these are free offers for newsletters etc as you say, then the money your mate is going to receive will be pretty low. So you would need a lot of people to complete offers to make it a viable business plan.

Also, how would he be able to set a date for the draw, without being able to guarantee he can cover the costs of the gift? It could be risky, as he might not have hardly any offers completed before he needs to send a gift out, and on the flip-side people won't want to enter a draw if they have no idea when it will take place.

It could work if you said there was , for example, a limit of 1000 entries into a draw, the more offers you complete, the more entries you get into that particular draw etc. Thus he can wait until the places have all been filled, and then knows he will at least cover his costs. People will be at the same time be driven to give themselves a better chance than others and this could all work in his favour.

As with all things like this it'll come down to promotion, he'll need to throw all his resources into getting as many people to sign up at the beginning to establish a customer base.

I agree with that ^^

b3ncor5a · 08-12-08, 06:36 AM

Quote:

Originally Posted by 1halfsingh

hmmm, in principle it sounds like a good idea. I'm just not to clear how it would start initially.

Basically if these are free offers for newsletters etc as you say, then the money your mate is going to receive will be pretty low. So you would need a lot of people to complete offers to make it a viable business plan.

Also, how would he be able to set a date for the draw, without being able to guarantee he can cover the costs of the gift? It could be risky, as he might not have hardly any offers completed before he needs to send a gift out, and on the flip-side people won't want to enter a draw if they have no idea when it will take place.

It could work if you said there was , for example, a limit of 1000 entries into a draw, the more offers you complete, the more entries you get into that particular draw etc. Thus he can wait until the places have all been filled, and then knows he will at least cover his costs. People will be at the same time be driven to give themselves a better chance than others and this could all work in his favour.

As with all things like this it'll come down to promotion, he'll need to throw all his resources into getting as many people to sign up at the beginning to establish a customer base.

thanks for the support and there's some really good points made there.

I've had a look into the pay rate for most offers that will be there and they vary between anything from 25p-1.20.So far there are around 50 offers in mind so i believe doing 10 or maybe 15 for the first draw and adding to it from there,(sound like a good idea?)

in regards to the second point im thinking its just a fingers crossed kind of thing and if thing don't go to plan to add the extra offers for the people who have done the rest.I made a point about this and its a risk he's willing to take the risk and do it as a 2 week or a month to get the entries in.

The 1000 entries per draw does sound like something worth considering and i'll make a point of that.Does 10 in 1000 (1 in 100) sound like a reasonable chance? saying that i suppose the refer a friend for a percentage of their draws would make the chances alot higher.

in regards to the last part,the promotion is going to be a real tough thing really as it won't have SEO and needs to start attracting many many visitors from scratch.I think classifieds and forums are going to have to be the main thing for this because things like adsense could me more cost than its worth.

many thanks for pointing all this out to me,i really appreciate it.
I think with all the work im putting in i'll have to nick his idea and do it myself

thanks for the support everyone

dannyo · 08-12-08, 07:38 AM

Sounds like myoffers.co.uk

I did that a couple of times but you just get that much spam from the advertisers its annoying and i cant imagine ever winning for the amount of time you have to put in. After doing it for one month i gave up.

1:1000 means for every 1000 draws you enter do you should get at least 1 win. You would need to do 10,000 offers to get it. Personally i would have given up by about 50.

Its a good idea but i dont think it will catch on

1halfsingh · 08-12-08, 11:00 AM

Ok, so why not just add a large amount of offers from the beginning?

If you had more offers to complete on the site, you give customers the idea that they have more control over their chances of winning.

Also, why not go for a smaller value gift initially. Say if you first offered an Ipod Touch 8gb or something. Then your initial outlay would only be ~£160. Coupled with more offers this could help to bridge the gap between your costs and revenue, and imo the Ipod would be the most desirable gift you could get for that price.

What I would be concerned about is the spam that some people may get from signing up, as this will deter them from completing more offers in the future and also from referring their friends.

IMO this is an exhausted way of making money though. It's far too competitive, as there are sooo many sites which are using this concept.

Why not just market it as a way of getting amazon vouchers or something?
Then you could say "complete 10 quick offers and get £5 amazon vouchers". If you carefully select the offers you have on your site then you can guarantee some profit, and it also gives you the opportunity to 'screen' the offers, and select the ones which have less spam emails.

You could call it tenminutevouchers.co.uk or something...

Anyone else want some business advice?

feel free to rep

07-12-08, 11:02 AM	#1
b3ncor5a iPod Nano 1GB Join Date: Nov 2008 Posts: 94	what do you think? i'd really appreciate any feedback from you on this one.I'll make it as simple as possible. A mate of mine is in the process of setting up a website that has 10 offers (probably more eventually) that are all free and take no more than a couple of minutes.For each offer you complete you will get a prize draw entry for something like a ps3/360 ect. . and maybe every friend you refer you get a percentage of their draws too. Would you use it? What prizes would you like to see? (1st prize and 10 runners up) any other ideas/comments for it? thanks alot ben

07-12-08, 11:11 AM	#2
mcgrou - - - - - - - Join Date: Jul 2008 Location: - Posts: 5,156	I'd enter, If the offers really were free and the site didn't look "dodgy". i.e. if it was approved by eXceem, or another respectable site... __________________ Spoiler Warning: If you are reading this then this warning is for you. Every word you read of this useless fine print is another second off your life. Don't you have other things to do? Is your life so empty that you honestly can't think of a better way to spend these moments? Or are you so impressed with authority that you give respect and credence to all that claim it? Do you read everything you're supposed to read? Do you think every thing you're supposed to think? Buy what you're told to want? Get out of your apartment. Meet a member of the opposite sex. Stop the excessive shopping and masturbation. Quit your job. Start a fight. Prove you're alive. If you don't claim your humanity you will become a statistic. You have been warned - Tyler

08-12-08, 07:38 AM	#7
dannyo iPod 20gb Join Date: Aug 2008 Location: Nottinghamshire Posts: 754	Sounds like myoffers.co.uk I did that a couple of times but you just get that much spam from the advertisers its annoying and i cant imagine ever winning for the amount of time you have to put in. After doing it for one month i gave up. 1:1000 means for every 1000 draws you enter do you should get at least 1 win. You would need to do 10,000 offers to get it. Personally i would have given up by about 50. Its a good idea but i dont think it will catch on __________________ Free iPad 3 PS3 ID - Protege1212 - add me at your peril!!

07-12-08, 11:58 AM	#4
1halfsingh iPod 20gb Join Date: Nov 2007 Location: Gravesend, Kent Posts: 751	hmmm, in principle it sounds like a good idea. I'm just not to clear how it would start initially. Basically if these are free offers for newsletters etc as you say, then the money your mate is going to receive will be pretty low. So you would need a lot of people to complete offers to make it a viable business plan. Also, how would he be able to set a date for the draw, without being able to guarantee he can cover the costs of the gift? It could be risky, as he might not have hardly any offers completed before he needs to send a gift out, and on the flip-side people won't want to enter a draw if they have no idea when it will take place. It could work if you said there was , for example, a limit of 1000 entries into a draw, the more offers you complete, the more entries you get into that particular draw etc. Thus he can wait until the places have all been filled, and then knows he will at least cover his costs. People will be at the same time be driven to give themselves a better chance than others and this could all work in his favour. As with all things like this it'll come down to promotion, he'll need to throw all his resources into getting as many people to sign up at the beginning to establish a customer base.

08-12-08, 11:00 AM	#8
1halfsingh iPod 20gb Join Date: Nov 2007 Location: Gravesend, Kent Posts: 751	Ok, so why not just add a large amount of offers from the beginning? If you had more offers to complete on the site, you give customers the idea that they have more control over their chances of winning. Also, why not go for a smaller value gift initially. Say if you first offered an Ipod Touch 8gb or something. Then your initial outlay would only be ~£160. Coupled with more offers this could help to bridge the gap between your costs and revenue, and imo the Ipod would be the most desirable gift you could get for that price. What I would be concerned about is the spam that some people may get from signing up, as this will deter them from completing more offers in the future and also from referring their friends. IMO this is an exhausted way of making money though. It's far too competitive, as there are sooo many sites which are using this concept. Why not just market it as a way of getting amazon vouchers or something? Then you could say "complete 10 quick offers and get £5 amazon vouchers". If you carefully select the offers you have on your site then you can guarantee some profit, and it also gives you the opportunity to 'screen' the offers, and select the ones which have less spam emails. You could call it tenminutevouchers.co.uk or something... Anyone else want some business advice? feel free to rep