Promote Feathercoin with Feathercoins

Hello guys and gals,

My company is a very large high volume CAN-Spam compliant email marketing company. I am considering running valid and accurate email promotions to quickly and rapidly grow feathercoin beyond all other alt coins and potentially skyrocket it’s adoption beyond bitcoin.

If I do this, I want to do it for feathercoins, all payments for this “service” (obviously personal greed is a factor). Would take place in feathercoin. I would offer community packages starting with 10,000 feathercoin to promote it to 100,000 people.

I believe the most interested parties will be the largest holders of feathercoin as a long term thing and possibly a foundation.

Thoughts? Think it’s a good idea?

We generate millions of USD annually doing the same type of promotions for everyday services.

Bests,
CT

mirrax

Yawn…

So you dont like Spam? ;D

svennand

Personally i would not wanna pay someone to spam innocent users.
I guess that was mirrax conclusion to ;)

zerodrama

[quote name=“ctt” post=“35495” timestamp=“1385071090”]
So you dont like Spam? ;D
[/quote]

How’s that song go:
The Safety Spam

We have ham if we want to
We have lettuce on the side
'Cause your friends don’t spam and if they don’t spam
Well they’re sure friends of mine
I say, we can eat where we want to
A place where we can always hide
We can act like we eat everything not nailed down
Leave the spam chunks far behind
And we can eat

Look, if your emails are opt-in and actually enable both sender and receiver to actually do business, that’s fine.

Kevlar

Math time!

1 FTC = 0.14 USD. 10,000 FTC = $1,400.00
100,000 contacts / $1,400.00 = $0.014 per contact.

That’s easily twice as expensive as every other email marketing service I’ve ever used, and 100x more expensive than a roll your own solution using Amazon SES or something similar, which costs $0.10 per thousand, or $0.0001 per contact. All you need is the list, which is a one time purchase cost. Most services also offer some sort of tracking and analytics. I’m guessing you’ve not heard that you’re expected to offer a discount for paying in crypto-currencies?

And if your goal is to skyrocket Feathercoin beyond Bitcoin, 100,000 emails targeting consumers isn’t going to change much when you realize that less than 1% are likely to convert. It’s business adoption that is needed, so people can spend their FTC, not more people holding onto it in hopes it’ll go up on the exchanges some day.

You said that the most interested parties will be large holders of Feathercoin, but if they’re already holding Feathercoin, then they’re already converts, and you’re preaching to the choir. That same $1,400 could be spent paying a developer to innovate on new features, which would eventually make the news cycle, and we’d get free publicity AND increased utility.

Finally, unlike a traditional business, there’s no sales cycle, so there’s no return on conversion, making $1,400 a lot for any individual to put fourth with no real hope of ever seeing a return.

Kevlar,

Your math is “almost” correct.

You forgot a few key/important aspects.

[b]“All you need is the list, which is a one time purchase cost.”[/b] - Not true in the least, if you could purchase data I mail, that would be of the quality I mail you are looking at spending $0.35 per record * 100,000 is going to be $35,000 in list acquisition costs. That’s if you can find it to purchase, odds are you won’t be able to.

Then assuming you had the money to purchase this data, anyone who knows email would also know that Amazon AWS does not work to Inbox.

To Inbox you need a top tier email service provider up your cost to 10x the .10 you quoted and go to $1 per 1000 with a reputable ESP service such as IContact.

Now you are talking about $1000 in mailing costs for Inboxing 100,000 users on top of your one time list acquisition cost of $35,000.

There is a big difference between your fictitious numbers and my real world numbers.

I am in the mailing business, I know what it costs and what it takes to see an impact from my mailings.

To answer your final question, why would I do it at a loss? I can just keep promoting the same stuff I do day in and day out simply buy Feathercoins with the proceeds. (Not hurting for business.)

Hope that clears it up. ;)

@svennand - “innocent users” you act as if this is a pump and dump, the spam wouldn’t do anything more than tell them to look at feathercoin and understand it.
What they do from that point forward is their own choice entirely.

Anyway, you guys appear to have your theories on it and I have mine.

Further, $1400 in programming gets you little to nothing of value. I have tried it at all levels (from India to Local talent) and have an in house guy that makes $120,000 per year.

Getting anything out of $1400 is almost impossible in the programming world, let alone “newsworthy”.

mnstrcck

CTT,

I think your approach to this has tinged a few dissonant notes with the community. Let me explain:

For the most part, many initiatives taken here are usually done on an individual level [although groups do form sometimes to produce specific products/services/tools, and bounties do occur from time to time]. They sometimes involve a call to action to the community, and it’s at that time that members step in to help in any way they can. By coming on here with a business minded proposal, you establish yourself as an outsider whose only real interest is to make money. Many of us here volunteer our time, without any compensation, as our unified goal is essentially the same - to push Feathercoin forward.

My suggestion would be to use that community driven spirit we have created to your advantage. Are you a holder of FTC? If you are, then utilizing your knowledge and expertise on your own initiative [with or without community involvement] will directly benefit you based on the success of the steps you take. Not only that, but you will be able to gain our trust and respect, and depending on how you foresee yourself involved in the crypto-scene, you might even profit from it directly - when users take advantage of your services for FTC.

As I like to say sometimes, one hand always washes the other. Maybe we can restart on a fresh footing and try this over? The ball is in your court.

zerodrama

To simplify monstrcck’s point:
We’re all drivers here. Bikes, cars, flying saucers, buses we all drive something.

Nothing wrong with wanting to make money. But there isn’t a consumer / producer divide here. This might sound altruistic. It’s not. If I want something, I build it. If someone else uses it, I lose nothing. Sure there’s more competition, but that’s a result of the nature of fiat. It’s not a natural limit.

Its a good point moon, I sort of assume (wrongly) that anyone heavily supporting feathercoin is either heavily mining it (or has been) or is already heavily invested. I suppose both assumptions could be very far off. :) Anyway I plan to help the cause in any respect, I do have a stake already.

zerodrama

ctt, we have some projects you may want to help with.

I’m all ears, message me if it’s private.

Kevlar

[quote name=“ctt” post=“35567” timestamp=“1385096584”]
Its a good point moon, I sort of assume (wrongly) that anyone heavily supporting feathercoin is either heavily mining it (or has been) or is already heavily invested. I suppose both assumptions could be very far off. :) Anyway I plan to help the cause in any respect, I do have a stake already.
[/quote]

I can see why you might make that assumption but it’s not true.

Most people heavily supporting Feathercoin are in fact invested in it in other ways. Some people mine, but many don’t. Most people can’t afford to be ‘heavily invested’ in it monetarily. Instead they find other ways to invest in it, like building services for it, or experimenting with the technology. Some members have developed and run a wallet service. Others run mining pools. Some focus on the code development, and others do technical analysis of the charts. Some are just here for the conversation.

Feathercoin is a technology and a community. Most people are here for one or the other, and while several are making money off it, many aren’t.

chrisj

As a rule I am not in favour of this kind of shot gun approach. I am a big fan of [url=https://en.wikipedia.org/wiki/Permission_marketing]permission marketing[/url] and believe that marketing is really about leadership. I don’t know how one could send out emails to that many people and still keep the message tailored and relevant to each individual without abusing their time. Time is wealth. We all have the same number of hours in a day. When we steal one another’s time it erodes trust in the long run and we become known for it and it harms our reputation.

So I can see why some companies go for this as it may yield short term results but since most people here are in it for the long run and profit is not the goal for most I would say this may not get a lot of traction.

I am all for raising awareness of Feathercoin in other ways though and [url=https://twitter.com/Feathercoin]our Twitter[/url] is getting closer to 2,000 followers most of whom are quality people found on the #Bitcoin and other finance related hashtags.