GGR: GeoGlobal Resources Inc [was GEOG was BOWG] (2000 + )

Top 91. Oct 8, 2000 11:05 AM

» Slick - A "Groucho Marks" Club

I think the last club I joined was the " Group W Bench" when I got drafted ( minor in possession, and I was virtually innocent). So, I was very happy to start fresh, 30 years later, and away from those "father stabbers" in my reckless youth.

I'd be remiss if I didn't state how the tireless efforts of Kirk and Jen to keep this site on an even keel, is as important as the " thousand eyes" that keep all of us current with the financial markets on an on-going basis. Thanks---and thanks to all, that make this site strong...and hopefully one day a bit wealthier. But , as Hugs and Den have pointed out, money is hardly the prime motivator. Rather, pride in a " job well done" gets more of a nod. I too strongly believe this to be true, as an observer of human nature. FWIW in the my two cents category. (:>)

Slick

-- posted by Slick

Top 92. Oct 8, 2000 11:43 AM

» matttheduck - a model

i don't think there's much question, at least in my mind, about whether the investing-personal finance section of suite 101 is worthwhile. like dewam, i've visted other sections, but only once because they were little used with most posts weeks or months old. i also agree with the comments about this section being club-like. there are many enjoyable internet personalities and good comments and humor. where i get off the train, at least a little, is how you translate this experience into a money-maker. i can say that i would never pay to "belong" to suite 101, or for the "privilege" of posting here (not that i do much anyway) like silicon investor. gathering information on the internet is not that tough to do on one's own at present, and i expect the various search capabilities to become much better in years to come. this will always be available for "free." i also wouldn't pay a premium for assistance in finding and/or ordering merchandise. i try and use kirk's link for ordering from amazon as a recognition for his work here, but if i cost me one penny more to do so than ordering direct from amazon, i wouldn't do it.

perhaps there's some other method for turning a quarter million plus individuals into a profit center. aol's had a tough time doing it with 22 million and most of their profit comes from banner ad sales, which suite 101 eschews.

that's about all i can opine, given the generalities about the future of this site. if there are big profits in the future, the method for getting from here to there is way beyond my limited capabilities...which is why i continue to work for a living smile

-- posted by matttheduck

Top 93. Oct 8, 2000 12:57 PM

» Hugs - profit center

Trust you don't mind if I make a few comments on your post, Mr. Duck.

In regards to models, you say:
i don't think there's much question, at least in my mind, about whether the investing-personal finance section of suite 101 is worthwhile.

If one (or several) topics here at suite101 can be proven successful at building a "community" feel, then it is very likely that it is only a matter of time and exposure before either "more qualified editors" (if that is what is needed) or "more members" make more topics the "success" that this one is. The "successful" topics prove this "format" works.

i can say that i would never pay to "belong" to suite 101,

Nor would most. In fact, I think you've got it a "bit backwards." The revenue model calls for "revenue sharing," Matt. That means they'll be "paying you" to belong.

What a kick in the pants, eh?

and i expect the various search capabilities to become much better in years to come.

Hold onto your shorts, bud.

i also wouldn't pay a premium for assistance in finding and/or ordering merchandise

What if they paid you, oh, say 2 bits or so to just read and consider some "literature" on some products that you have indicated an interest in purchasing?

Why shouldn't they echew it, if AOL has already proven how darn difficult it is to do?

if there are big profits in the future, the method for getting from here to there is way beyond my limited capabilities

There's really only two ways for any business to increase profits.

1.) Increase gross revenues.
2.) Reduce expenses (or product costs.)

The revenues at this point are a "non-issue" here. The only consideration at this point is to examine what it takes to "keep the doors open" here. So... for the aggresively minded...

Take a good look around at what sort of revenue "numbers" per member any other web site needs to hit in order to "break even" or "put numbers on the bottom line."

Then, consider this...

Just out of curiousity, in light of the efficiency this place is run with, what color of number might you anticipate hitting the bottom line if each member here generated just $ 10 per year in gross revenues? Green or red?

What does AOL take in "per member" in a years time? Try comparing the two...

-- posted by Hugs

Top 94. Oct 8, 2000 1:19 PM

» Kirk - Per customer

at one time, C. Michael Armstrong felt a customer was worth paying about $3600 for. Now this is a customer that sends him about $500 a year in revenue but costs how much to install the infrastructure to put in cable TV?

I read that eTrade will pay about $450 to get a customer. Consider that now they will give you $300 just to open an account. I wonder how many open accounts and don't get addicted to day trading?

I got very invetested in direct marketing when I was first hired to write for Savvy investment newsletter. I am not sure if I was sold a bill of goods as an excuse for not paying me much, but I was told that Columbia Music House and BMG and many investment newsletters figure it takes two years of your subscription before they break even. That sounds like several hundred dollars to me.

-- posted by Kirk

Top 95. Oct 8, 2000 1:21 PM

» Hugs - P.S.

I'm quite sure (but it's a guess...) that there have been some number of times the the value of the bulk rate postage on the junk mail I have received in a months time, that I proceeded to throw out without ever opening, has been worth over 10 dollars.

Anybody that can't figure out how to make more that 10 dollars from a few advertiser's in a year's time by just getting me to even read and consider their stuff, really out to be taken out behind the woodshed and whipped.

-- posted by Hugs

Top 96. Oct 8, 2000 7:56 PM

» dewam - $300? O.K. Kirk where is the link

I signed up with e-trade for the $100, and they paid. I was happy. Now my wife and child would like to let them hold their money for six monthe for $300. Internet bullship, or not, where's the link. Den

-- posted by dewam

Top 97. Oct 8, 2000 8:12 PM

» Makena - E-Trade $300 or $450

Dewam, I hate to do this here but you seem like a decent guy so:

log into your existing etrade account with this for the $300:
https://trading.etrade.com/cgi-bin/gx.cgi/AppLogic+APCash60per10K?SC=JG7B322&PC=DepCashAward1

go here for the $100 for a new account, after which if the deal is still on you could get $300 more for making another deposit:
http://www.gomez.com/deals/industry.cfm?...

-- posted by Makena