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-   -   GIANT Opportunity for Experienced CAMS Veteran & High Traffic Site Owner - New company forming! (https://gfy.com/showthread.php?t=1023547)

Ethersync 05-23-2011 05:32 AM

Avoid this deal like the plague. Check Adam's history here to get a taste of why.

will76 05-23-2011 08:11 AM

Quote:

Originally Posted by lagcam (Post 18159051)
Will makes some very good points about the obstacles facing a new site, but the reality is that the single biggest problem a new or growing website will encounter will be the working capital requirement.

On average, I have physically received into my accounts the revenue from only 2 or 3 of the 15 or 16 days in the period before I have to pay them out which means that the better we do, the more I have to fund from my reserves.

Now I know somebody (probably Mitch) will reply that the answer to that is simple. Get a merchant account with daily payouts, but that is not always as easy to do as it is to say when you are neither a US National or based in US.

Yeap, that's once you actually launched the site and are seeing success... I guess I left that part out because most people don't make it that far :winkwink: and have so many hurdles before that they need to get past. It would be a "good" bad problem. If that happens then at least you know you have made it and are making money, at worst someone would just have to go back to their investor, show them sales and success and ask for more money to cover the short fall to carry them to the next processor payment. But i agree it is something you need to include in the budget from day one.

The working capital problem gets compounded 1000x more if someone wants to offer an affiliate program that pays PPS for a cam site. They would need a huge amount of money to float that plus working capital.

Adam X 05-23-2011 10:10 AM

Quote:

Originally Posted by Ethersync (Post 18159465)
Avoid this deal like the plague. Check Adam's history here to get a taste of why.

You're thinking of that Joe guy who ripped me off.. hence my reason not to call someone a partner so fast anymore. He scammed a lot of people on here apparently... Don't confuse me with the guy who had a thread all to himself called gfy scammer. There are honest, hardworking people on this board but I'll not trust so easily due to that episode.

At any rate, my history is fine, been in biz for 14 years and that little glitch won't darken my day any longer than it did, what a year ago?

cams2chat 05-23-2011 12:11 PM

If a cam site takes off it will run cash flow negative over an extended period with processor lag. I am not sure that even daily payouts will help and I would avoid PPS until you are 2000% sure you have a good fraud team in place. You either need to be hands on or have a team to be hands on 24/7..... and it costs.

There is no such thing as cam software that does not need development. It may not be what the member or model sees but software to screen various parts of what is going on from account photos to galleries to member buys and member spends. If someone wants to see Lassie in a room you better have a keyword logger that finds it and you stop it before it happens....underage and unregistered models same.

2257 from non western countries are not easy and need people to screen and verify them as well as being structured in a manner that meets the law. If you use first world models then you may need to underwrite a minimum earn on a growing site and it cost.

So far this month I have more than 1200 active studios earning money. I dont have any studios myself so all models work for those studios. The accounts department is another expense and with changes to payment instructions and paying studios and affiliates its a large cost.

To sum it up....you need cash, you need to be able to multitask and you need to be able to juggle the pieces and keep them all in the air. Anyone that can do this and has experience doesnt need the money and can do it themselves. If your software is so hot find someone who can do it...take some upfront and some backend and let them do it.

xNetworx 05-23-2011 04:08 PM

Quote:

Originally Posted by cams2chat (Post 18160377)
So far this month I have more than 1200 active studios earning money.

:pimp:pimp:pimp:pimp

will76 05-23-2011 10:12 PM

1200 studios or 1200 chat host??? 1200 studios is a lot of studios.

lagcam 05-23-2011 10:36 PM

Quote:

Originally Posted by cams2chat (Post 18160377)
If a cam site takes off it will run cash flow negative over an extended period with processor lag. I am not sure that even daily payouts will help and I would avoid PPS until you are 2000% sure you have a good fraud team in place. You either need to be hands on or have a team to be hands on 24/7..... and it costs.

There is no such thing as cam software that does not need development. It may not be what the member or model sees but software to screen various parts of what is going on from account photos to galleries to member buys and member spends. If someone wants to see Lassie in a room you better have a keyword logger that finds it and you stop it before it happens....underage and unregistered models same.

2257 from non western countries are not easy and need people to screen and verify them as well as being structured in a manner that meets the law. If you use first world models then you may need to underwrite a minimum earn on a growing site and it cost.

So far this month I have more than 1200 active studios earning money. I dont have any studios myself so all models work for those studios. The accounts department is another expense and with changes to payment instructions and paying studios and affiliates its a large cost.

To sum it up....you need cash, you need to be able to multitask and you need to be able to juggle the pieces and keep them all in the air. Anyone that can do this and has experience doesnt need the money and can do it themselves. If your software is so hot find someone who can do it...take some upfront and some backend and let them do it.

This thread should be essential reading for anybody thinking of starting a cam site from scratch.

I have also looked at a lot of camsite softwares and I too have yet to see one that was capable of efficiently managing a site without a lot of back end modification.

If you don't know what you are doing you will be an easy target and as cams2chat indicates, with cam sites you will live or die not on how many whistles and bells your front end has, but how many backend and operational holes you failed to plug, and how many frauds you failed to detect.

And if you nail that down, there is still that ongoing working capital requirement so make sure you don't blow all your money on set up and traffic.

lagcam 05-23-2011 10:38 PM

Quote:

Originally Posted by will76 (Post 18161814)
1200 studios or 1200 chat host??? 1200 studios is a lot of studios.

He means 1200 studios. They have between 500 and 600 performers online 24/7.

cams2chat (and associated sites) is a very big and very well run business.

Adam X 05-23-2011 10:39 PM

A lot of excellent advice and experience in here. Good to see some of you doing well.

LeRoy 05-23-2011 10:43 PM

Yep

People hit me up all the time.

"I got this cam idea and its fucking huge" After a few months I never hear from them again.

The cam biz aint for little boys. Go big or go home!

will76 05-23-2011 10:47 PM

Quote:

Originally Posted by lagcam (Post 18161864)
He means 1200 studios. They have between 500 and 600 performers online 24/7.

cams2chat (and associated sites) is a very big and very well run business.

that's a lot of studios. From looking at his sites it appears they are all asians, that's a lot of asian girls.

lagcam 05-23-2011 10:55 PM

Quote:

Originally Posted by LeRoy (Post 18161870)
Yep

People hit me up all the time.

"I got this cam idea and its fucking huge" After a few months I never hear from them again.

The cam biz aint for little boys. Go big or go home!

This is not true. Small sites can be profitable also if you know what you are doing.

Aiming big and throwing money at something new is not the answer. If the basics are not right you will fail.

If you don't have a lot of money, you need to do things slower but you can still succeed if you offer something different to the others and of course a little luck helps also :)

LeRoy 05-23-2011 11:13 PM

Quote:

Originally Posted by lagcam (Post 18161880)
This is not true. Small sites can be profitable also if you know what you are doing.

Aiming big and throwing money at something new is not the answer. If the basics are not right you will fail.

If you don't have a lot of money, you need to do things slower but you can still succeed if you offer something different to the others and of course a little luck helps also :)

Just so were on the same page? Whats big and whats small for you?

cams2chat 05-23-2011 11:18 PM

Quote:

Originally Posted by will76 (Post 18161814)
1200 studios or 1200 chat host??? 1200 studios is a lot of studios.

Studios..... 1235 as of yesterday... have not checked today

lagcam 05-23-2011 11:19 PM

Quote:

Originally Posted by LeRoy (Post 18161896)
Just so were on the same page? Whats big and whats small for you?

I am small :)

Adam X 05-23-2011 11:19 PM

Quote:

Originally Posted by LeRoy (Post 18161870)
Yep

People hit me up all the time.

"I got this cam idea and its fucking huge" After a few months I never hear from them again.

The cam biz aint for little boys. Go big or go home!


Or any idea for that matter.. people always rambling off ideas they never see to fruition.. most of mine I build out, not all did extremely well, some.. but thats another thread about proper marketing.. as for going big.. couldn't agree more.. but starting small can lead to big.. I honestly said I wouldn't do this unless it was very well-funded and/or partnered up appropriately traffic-wise... with capital for op costs including talented staff.

LeRoy 05-23-2011 11:25 PM

Quote:

Originally Posted by lagcam (Post 18161899)
I am small :)

This thread is about "GIANT"

You're a successful cam site no doubt. But we're talkin giant here.

@ Adam.. just keep at it and you'll find the right team for this project.

lagcam 05-23-2011 11:29 PM

No leroy, this thread is about dreams of being giant. In any case I thought you were an affiliate rep rather than the owner of DTI Cash?

Am I wrong there?

cams2chat 05-23-2011 11:31 PM

Quote:

Originally Posted by lagcam (Post 18161880)
This is not true. Small sites can be profitable also if you know what you are doing.

Aiming big and throwing money at something new is not the answer. If the basics are not right you will fail.

If you don't have a lot of money, you need to do things slower but you can still succeed if you offer something different to the others and of course a little luck helps also :)

Small sites can be even more profitable than large sites as costs are easier to control. I have seen so many piss money away by thinking bif when they could have had a nice earn on a smaller scale.

LeRoy 05-24-2011 08:46 AM

Quote:

Originally Posted by lagcam (Post 18161908)
No leroy, this thread is about dreams of being giant. In any case I thought you were an affiliate rep rather than the owner of DTI Cash?

Am I wrong there?

You're right, I'm just an affiliate rep. I think OP is past the dream part. This has a chance IMO

adultmobile 05-24-2011 10:43 AM

Oh some asian cam sites I know well, wrote here.

I can gossip here that some cam script vendors joked with me about 99% of their customers being wanna-be cam pimp's, often former customers, who will invest $3k to $7k in the software, contact the models they know (from paying them per minute before), then having no $$ for advertising or clue how to run it all. So 99% of the sales of those cam script vendor is from licenses of sites that will fail, where 1% it is sites who stay up, that's actual gossip from talking them, not a joke. The cam script vendor know the guy ill fail but he sell the license and that's fine, if the cam site fail (as it should) that's not the fault of cam script vendor :)

I agree with the million dollar cash to start a cam site, this was said in another thread time ago. Maybe it is possible with $500,000 but needs be smart really and to pre-own something (software, customers list or else) to cheat a little.
Consider you need to have sales of $3k to $5k per day to keep a cam site up barely with 20-30 (not all philipino or colombian) models online (at same time, so db of few 100's) and happy. If you want 200 happy (from db of 1000+) calculate 5-10 times the sales, and so on. Running a cam site is like run a bank, move lots $$ and make a small % on it.

When you start a site it have zero customer and 20-30 models who will write in forums after few datys that your site has no traffic and it sucks (whatever your software is good and you pay then big %), so the first weeks you need to spend like $10,000 a day in adverts to keep some reputation, and it will convert worst then developed big sites, so it will be a big money burning for a while, no way you make profit at start.
Note that you cna't hope in traffic from affiliates, they'll stick with big cam sites at the start, so you'll have to buy brute force with dollars to traffic agencies and brokers.
As someone said, most new cam sites consume all the advertising money before to reach the critical mass - and without such a minimum, the models quit and the members too, it is a disaster, unlikely photo sites where the content do not "quit" your pages and keeps there... in cam sites it is same as your member area gets deleted, formatted.

About hire the cam guru who is experienced in all areas, these are who run cam sites today and so not available really, why a cam guru should be unemployed or without an own cam site, I wonder?
I would then consider merge and acquisition, so to buy one or two small cam sites and hire its mini-me cam guru's & models / users db's to consolidate into a bigger cam site, this would retain (inherit) contacts and proven stuff and people into the venture, and customers base.

Lately a few failed cam programs was acquired either by streamray or myfreecams, now you go to their url's and brings to streamray and myfreecams, and their customers and models moved there too, as possible. Well this is not the case wel talk about, it is the old big site who eat the small ones, we talk of new one who eat small ones for a new big site... but well, there's not many small cam sites who are so active despite small, and for example I would not sell or merge my site with others (as mine site goes well, why I should share?), same could be for others, so the choice of merge & acquisition may be small - and probably best ones was already purchased by i.e. streamray, mfc etc.

Said so, there's no one (that I know of) putting 1+ million in a new cam site in past 2 years - I know of some $100k people (who did not succeeded imho), so it could be if someone actually put such money and buy also 1 or 2 small cam sites to consolidate, it could kick ass, or alternatively will burn 1+ million making good biz for advertising sellers and a few models for a while.

JustDaveXxx 05-24-2011 01:35 PM

Wow some great Cam advice and really good business advice regarding partnerships. I learned that stuff the hard way 15 years ago. Partners with equal say or input suck!! Silent money partners with zero say or your own money are the only ways to go.:2 cents:




Good luck Adam, I know things will work out for you.:thumbsup


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