Post
Topic
Board Project Development
Re: BitCams.com
by
Jessy Kang
on 23/06/2011, 16:23:30 UTC
Jessy is a female name

Thanks:-) The rest was just... depressing LOL

As I'm thinking about future opportunities, this concept of moat needs to be burned into my mind lest I waste another 2 months of work.  Thanks for the reminder.

Check out Rework by 37 Signals, pretty much the best book for anyone starting a business. Best business book I ever read.

A savvy businessman could have taken all the cash flowing in and created a rock solid site and then been THE online exchange to beat in the coming years.  I suspect it will be the same for Bitcoins and porn.

Bitcoin is actually not suitable for traditional porn membership sites. With competitive affiliate percentages a lot of sites don't actually get in the black on a new member in the first month.

The bread and butter of membership sites- the absolute lifeblood is recurring billing. Without all those guys who signup, then forget to cancel most sites would not be profitable. With Bitcoins low adoption rate, dropping it in as a payment option for a little buzz and SE traffic is fine- but if it ever caught on and became a significant portion of signups it would cannibalize recurring charges and bankrupt the site. It would really only be practical setting it as Bitcoin for three month membership- we do that with money orders, but it's a tough sell.

Sites that allow you to purchase a single video clip (clips4sale) still have a following- but mostly for hard to find fetish footage you can't get for free. Static content is a very, very tough market to break into these days and not one I'd recommend.

There are certianly opportunities with crypto-currency, but they will probably be realized by people who work within their existing skill set.