Sunday, September 9, 2007

FUD

The Internet affiliation model has unique characteristics, so I learn, as I am exposed to that for the first time.

Beside some very large affiliates, who run a pretty large scale operation, most of the affiliates are small shops, mostly run by the owner. That's how they make their living and some (or maybe many) are doing very well.

Most of the small, mid size affiliates are online marketing experts and as such they are not dependant on technology but on specific/unique marketing knowledge that brings them traffic and results.

We have introduced a unique affiliation model based on a Multiple CPA (MCPA) model. This model became feasible as we have developed the technology (our desktop client) and it supporting backend. We offer affiliates to promote our client to players and share part of our CPA revenue.

While we see a tremendous interest (we have 300 affiliates who pre-registered and 60 who became official B4Playing ones since we open our system 5 days ago) I see a lot of FUD and especially in some forms. Fear, Uncertainty and Doubt. Well, this is typical when a novel idea is introduced and it is intensify when it effects a one man shop (where you cannot share views and responsibilities with others).

We are here to resolve the number one problem of any affiliate. Through our client they "own" the user for the first time and they travel with him and keep accumulating CPA whenever the user moves from one property to another or adds a new property. We believe that as we make progress the FUD effect will be eliminate.

One of the affiliates (mid size) who signed up 5 days ago brought us so far 22 users. One user opened accounts in 4 different Poker rooms and the other one opened accounts in 3 poker rooms. This specific affiliate has earned 7 CPA fees. This is exactly what the MCPA model is all about. Seems that our unique chart with scheduled poker tournaments is appealing to players.



Itay

Tuesday, September 4, 2007

Buying Media

Yesterday we have launched our official beta product. Now we officially turn from being a development company to an Internet marketing company. While there are many ways to market over the internet this short blog shares with you our activity as per buying media.

We have searched and interview quite a lot of Internet Media companies and have selected few. A specific budget was allocated to each one and a targeted cost per user (who downloaded the B4Playing client) was set. We are testing various methods:

Textual advertizing
Pay Per Click (keyword search)
Banners campaign

We have selected 2 different countries for each media company and have provided them with translated material.





At our backend we have developed a sophisticated tracking system. Each media company and each campaign is monitored separately and we can analyze and compare the performance of each one of them. Yes, the media companies track the performance themselves (and we even installed some pixel tracking code) but it is always better to own your own tools and do the analysis in-house.

Next week I will write a new blog and share with you some of our statistics.

Stephen
Media Manager

Monday, September 3, 2007

Poker Tournaments

We have conducted a non scientific survey among some of our 800 beta testers and found that the most used feature is the online Poker Tournament list. Poker players were not exposed, so far, to a comprehensive, sort able list of scheduled poker tournaments on their desktop. Users were very surprised to find out that 43000 tournaments are available for the month of September.



While bonuses list are mostly stable, Poker tournaments schedule is dynamic by nature. The fact that players can go to an extensive chart, select the poker tournaments they want to play and ask the system to remind just before the tournament starts is a very useful feature; say most of the players we talked to.

As we add additional poker rooms to our list we will see the list of the poker tournaments growing. I predict that we will present a list of 100,000 tournaments for the month of December.

Who said you cannot have fun at work?

Itay

Wednesday, August 29, 2007

Humor Break

Hi all,

Couldn’t resist bringing you this video from youtube of Miss Teen USA 2007 - South Carolina answering a question…

Hope you had fun!

Itay

Monday, August 27, 2007

Welcome Harvey

I am very pleased to share with you the fact that Harvey Binnes has just joined our team here at B4Playing. We have searched for an experienced Affiliate Manager to run our innovative Multiple CPA (MCPA) Affiliate Program for few months now. Harvey, after taking a serious look at our offering and business outlook, found us as the most promising venture in our space.

We are projecting a stellar growth and we need individuals with vast experience and strategic thinking. Harvey is definitely one of the best! Being one of the first employees at IOG (Now Party) and was in the initial group of CWC, Harvey brings a lot of experience. I have worked with Harvey in the past and found him as a very pleasant partner and a very professional individual.

Welcome Harvey.

Itay

Wednesday, August 22, 2007

Startup Founders Don't Sleep

As I'm writing this, it's 1:34 A.M. on a Tuesday. I'm working right now, and my guess is most people aren't.

It's not that I'm not tired – I am. It's not that I can't sleep – I can. I'm working at 1:34 in the morning because that's what I do. I'm a startup Founder, and I don't sleep.

Startup Founders don't sleep because the work of a startup is never done. Many years from now, when this startup idea turns into a big company with lots of managers and bureaucracy, then I can sleep. As it stands now, there's too much work to do.

My Only Hurdle is Me

Unlike a big company -- where my extra hours really only benefit the company itself, in a startup, these hours benefit me directly. Every extra hour I put in, every extra step that I take, converts my vision into a reality that much faster. In many ways, the only hurdle to my growth is me.

The extra hours I put in tonight working on our marketing plan means our marketing team will get our next ad campaign launched a week earlier. That means our customers will show up a week sooner. That means we'll get paid faster. That means we'll be able to hire more people and increase our marketing spend more quickly. We'll get bigger, faster.

I could go to sleep now, or I could stay up and accelerate my vision by a week. I think I'll stay up.

My Competition Sleeps

I surely hope my competition likes to sleep. Heck, I hope the Founder I'm competing with is a total narcoleptic.

When he wakes up from a great night's rest and hops in the shower to get ready, I'll already be two hours into my day. By the time he gets around to reviewing his calendar for the day, I'll be half way through my task list and setting my goals for tomorrow.

When he clocks out at 5:30 to go home and have dinner, I'll be ordering lunch and blowing past my task list for the second day a little bit early. And while he's watching late night television and dozing off, I'll be already working on the next plan for tomorrow.

Sleep tight, buddy. You're about to have plenty of time to rest.

I Stay Up for Everyone Else

I know that even the most motivated team members of a startup company have other things to do. While I'm totally infatuated with a vision to build a great company, they are more infatuated with their own lives and goals. Fair enough.
So I need to lose a little sleep for them, too.

I need to stay up later to make sure we're thinking of all the possible opportunities for our sales team. I need to review our balance sheet one more time to see if we can squeeze some additional capital out of our bank. I need to think way ahead of our team to ensure our strategy remains aggressive.

By the time my team wakes up in the morning they'll have some new ideas for this week. But I'll have new ideas for next week, the week after, and the week after that. I stay awake because if I'm not spending more time and energy on our growth, no one else will.

The Market Won't Let Me Sleep

Of course I could nod off for a while. I could decide that it's time to slow down and take a rest. My friends have been saying I'm working too hard, I've got permanent circles under my eyes, and I haven't taken a vacation in far too long.
Yet every time I try to slow down and rest, something keeps waking me back up. It's like an alarm clock attached to my senses. It's called “The Market”, and the damn thing won't let me sleep a wink!

The Market is a constant reminder that every time I want to slow down and relax, there is someone else out there who won't. That alarm clock in my head isn't the ringing of a bell, it's the loss of a big contract to a competitor. It's my EVP that just got hired away to a faster growing company. It's the new competitive product that's sweeter than ours.

The Market will move as quickly as guys like me will push it. Like Gordon Gekko said in Wall Street – “Money never sleeps!” – so neither do I.

I'll Sleep When I’m Dead

This self-instigated sleep deprivation can end right now. I can get off this hamster wheel and leave it all behind me. I can go back to getting nine hours of sleep, relaxing on the weekends, and playing it safe.

But that's not what I'm built to do. I'm a startup Founder, and I don't sleep, I build. If I stop now, there will be someone else to replace me – maybe you. So I'll be staying up now and sleeping when I'm dead.

As for you? Sleep tight.

Discuss this article with Wil in the Go BIG Forums.

Wil Schroter is the Founder and CEO of the Go BIG Network, the largest network of startup companies and entrepreneurs at www.goBIGnetwork.com. He is also the author of the new book “Go BIG or Go HOME”

Tuesday, August 21, 2007

5 days after beta launch

We have launched our beta product on Aug 15th as planned. Have recruited 371 users in the first 5 days and it fits our targets. The feedback is very positive. We get bug reports, suggestion for minor changes and additional feature requests. This is exactly what we have looked for during the beta testing and prior to our official release on September 3rd. We are looking into having up to 1000 users prior to going live with the released product just to make sure that the system is reliable enough to handle large traffic.

While we are recruiting affiliates (we have 245 registered by now) we are finalizing the affiliation system so that we will be able to provide with the support expected from us.

On a different front we develop relationship and resolve technical issues with additional properties and we will get them up as we progress.

Looking forward to serving the players', the affiliates' and the properties' communities.

Itay