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81 sats \ 31 replies \ @davidw 4 Jan \ on: SN Foundry #01 - A spot for Territory Founders meta
Dropping another 100k tomorrow. Anyone found any promising revenue generating models for their territories?
I'll try to continue posting good quality content related to the ~Agora territory. I was lucky enough to ow share efforts with @AG and @AG0RA... can't believe it's less than two weeks ago when it was born!
I'd not expect it to be sustainable any time soon (I mean rewards reaping for the cost) especially when keeping the fees so low to invite people to un-dusting items and make space in filled garages.
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@bitcoinplebdev with the ~dev territory started really well. he should teach us about engagement!
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Thanks! I do think it's a pretty easy territory to get up and running since there's already quite a few devs and dev-curious folks on SN
Even still I wonder what kind of formats will be engaging and useful for people in the medium to longterm for ~devs it could easily just become a shameless hackernews crossposting dumpster and I dont want that, I want to curate a feed of stories/advice/tools/memes that I would genuinely love to see and engage with everyday as a dev
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this is how i am feeling with my ~earth baby right now. Don't foresee much profitability immediately, just want it to be here to grow and see what comes of it.
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I'm just sticking to the idea. Provide spaces, encourage daily interactions and discussion, have a few themed threads going throughout the week alongside the dailys. I got a couple ideas but so far, it's been pretty slow.
I made (see also butchered) a SN ~Music logo so that's in the territory description. (Doubt anyone reads those). Could do with the ability to pin posts ideally.
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The new logo does yeah 😜 thanks to GR. My 2minute MSPaint job was an eyesore haha 😅
I certainly have not, but I didn't expect to yet. I think this is a long term project. I hope we will grow along with SN as it gradually becomes a major social media site. I have been very hands off with my territories, trying to allow them to evolve naturally. That might be a mistake if they just sit there. If we get a nice juicy sell the ETF news dip maybe I'll buy them outright.
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I’ve also tried to let the territory evolve naturally and not make them arbitrarily expensive. But definitely think I could engage more and review the recent feed more frequently each day.
Some great resources that were posted got missed by me, with just 10sats or less.
I also want to find a way to encourage people to include more detail when posting links. Without providing a rigid structure. Really helps provide context for people as to whether to click, and the key takeaways, but might be more a personal preference. Seems to have worked for my sat-stack to date.
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Also fwiw, I spend at least an hour per day in
recent. Not that we should expect other founders to do this, but I do it first thing in the morning, usually immediately upon waking, then check back consistently throughout the day (probably at least 5 times) with one more serious pass before I go to bed lol.I do this mostly to satisfy expectations, and set a floor, on how posts are received. At some point enough good stuff is in recent that other people will be drawn to wading through it themselves (and get rewarded for zapping the good stuff). Stackers usually catch all the good stuff before I do these days, but I still scrape it regularly out of habit.
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Absolutely agree. I try my best to always sort by recent. Imagine you're the boss of a business... Go interact with your customers at every opportunity. Be a face not a faceless entity. Build relationships and people will come to you.
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I'm with you on the naked link stuff.
There's a couple posts here and there which are just a link and done. But I don't want to discourage users from using the space. But I'd rather they said something about that link, why they liked it for example. Share thoughts start discussion. Perhaps I could switch off the link only posts and kinda force people's hands to post as a discussion.
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I am going to attempt a crowd sourced beginner bitcoin resources mega post along the lines of yours. I think that you in particular, because it was such a good post, but all of us to a lesser extent too, will benefit from the ability to pin posts. That will change the feel of territories. Also, a more robust, more visible territories landing page that can be edited easily and zapped would be game changing.
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fwiw it took SN 8 months to get to 200k sats/mo. Historically, absent ~jobs, the lionsshare of revenue has come from boost/ads/donations. Hopefully we can introduce an
ad post type among other revenue generating things soon.I'd guess we'll see our first profitable territory sooner than 8 months.
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Not every product or service listing is an advert. Adverts are expensive and perform better when you find a niche audience interested in your product. Adverts can relate to any audience or subject.
As an advertiser do you:
- only want to advertise to a bunch of general people amongst all the Facebook marketplace listings
- or do you also want to advertise to very specific audiences who have searched for a particular niche, product or service?
Most likely you’d favour the latter (2) but the former (1) will still generate ad listings and conversions also.
~Agora will be just fine. People would still want to pay a bunch of sats to rank at the top of all the organic listings people are checking-out.
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I will be putting together a post shortly for SN Foundry that will recap the financials for the first 30 days of my territory. I have been tracking it daily since territories launched. Rev will be way offside but Rev plus Earn will likely have covered my 100k for the month. I will be happy if that's the case. If I can cover the cost of the territory from rev plus earn that means that even though the territory can't sustain itself, I can sustain it through SN resources only.