Quote:
Originally Posted by will76
You guys do deal with a lot of complete noobs and the success rate has to be low because of that. I can't image the amount of bullshit you have to put up with...
...The only way to avoid most of that is to go over everything with them ad nauseum, every thing that is hard, how most people fail etc... so they know 100% what they are getting themselves into.
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We really do. Please see below:
Quote:
Originally Posted by frottage
After I told you I would not renew my license with you due to the inability to make a profit in two years,
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Steve:
Your ability to make profit or not has nothing to do with our software. LiveCamNetwork is essentially an accounting program. It can only count what you put into it.
Actual PROFIT comes from managing your content, your traffic, your sales and your money, all of which we tried very hard to help you with, and all of it you completely ignored.
Here is a small sample of what you did wrong.
First, here is your traffic for 2010:
As you can see, you had a total of 233,592 unique visitors for the year. This is on the low side, but it might be ok if the traffic was TARGETED, which it was not. Despite the name of your domain, "liveCOLLEGEGIRLS.com" (great name), you hired 48 year old ladies such as Jasmine. This is ok for MBASE because many of her customers came from Southern Charms (another one of our customers) which is how she made money.
For 2010, you had 120 purchases, $7017.85 in sales, $899.80 in Chargebacks. 49 of the 120 Purchases on your website were made by YOU as "Punchcard"
This put your conversion rate at a terrible 1 in 3290 uniques.
Your chargeback rate was also very high at 12:82%. We told you many times that you have to keep your chargeback rate under 1%. Even though you ignored this advice too, we let you stay on.
As for not turning a profit, we cannot be responsible for how you spend your own money. In 2010, you purchased $3838.55 USD, video chatting with your own girls and other girls on the network:
Next, there is all the money you gave to customers that your chat models were sending to your website:
When a customer makes a purchase on any website using CCBill or other processor, you have to allow time for "settlement" to occur. Settlement is a nice way of saying actually getting the money in your hands, and to use the build-in accounting system of LiveCamNetwork to pay your models on a schedule.
In July 2010 you admitted to us that you were not following any schedule, and that you were actually paying some EU models in advance because "they needed the money". (omg..!) Anyway, Tracy, who manages all of the CCBill details for including payouts, went out of her way to post a detailed explanation of how it works for you on August 11th. Here are a couple of screenshots:
Your model Jasmine also chose to ring-in on the conversation (for which she had no business participating in)
Now of course Jasmine is a newbie so her post can be excused, but you have no excuse Steve. We warned you that you were making lots of mistakes. Any profits you earned were squandered or misspent by you, while some of your models simply ignored customers altogether.