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204 sats \ 5 replies \ @Public_N_M_E 16 Jan \ on: Random Thoughts On Territories meta
Daaamn sigs you been milking these over.
On collaboration, I think inter-territory collaboration is great, GR and myself have been working on ideas for collaborative posts, but the facility to crosspost effectively is a limiting factor.
Sub territories I really remain very torn on... I can see there benefits and uses in some cases and in others I think it'd be a hard sell.
Using music as the example, it's a broad subject covering a range of topics. There's a territory for hip-hop. But that's music, surely that topic and it's posts (and it's revenue) should be in the Music Territory?? (Not really imo). Does the person who created the territory first (and manages to retain it) just automatically have the rights over everything that could be related to that topic? It's truly a difficult problem to solve. Using the example of a band, could you imagine if K-pop fans of black pink or BTS started generating income for me in music via a sub-territory? I'd probably be able to retire early, but it is their work and in a pow mindset, they've sewn the seeds, they get to eat the produce. I'm not entirely sure where I stand on sub-territories but I do think it needs to be handled very diplomatically.
As for marketing and promotions, you're right, well outside of my expertise but for any successful business you gotta have good PR and marketing. I mentioned before on a post that you need to be a CEO with a face, not some faceless entity. Engage with your "customers" because that's effectively what they are. You are providing a service, and in the service industry, reputation is everything.
I love the idea of being able to sell the pinned post space to someone as a sort of promoted spot. But this can be achieved with boosts without needing to pay the territory owner. I'd envisaged using pinning on my daily discussion threads so that the current days thread is the top post in hot/recent/top in the territory. Otherwise, sometimes they can get lost.
@siggy47 it says "milking these over" it's supposed to say "mulling these over" but auto correct decided to make me wear the dunce cap and the clown makeup. 🤣
Always proof read your stuff kids! Learn from me 🤣
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I thought it was a @DarthCoin reference! Man am I relieved. For what it's worth, I've been forgetting to proofread lately too.
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Not this time. But I might try to subtly drop DC references wherever I can now.
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Lots of good stuff here. I'm starting to feel that with all the good ideas in the world, averaging 3333 a day in fees just to break even will still be tough, if not impossible. I see pinning as useful for an intro page, as well as rewarding really good posts. For instance, someone did an excellent general post about dog ownership which I would love to keep permanently pinned.
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Territory fees are a tough one aswell. Drop em too low and you'll get a bunch of waste territories. They need to be that right balance of affordable, sustainable but also prohibitive enough so as to not flood SN with pop-up territories. Perhaps a sliding model would be more appropriate, and yes have a high start up cost like 100ksats. But from then on, the bill is a percentage of revenue generated by the territory. As it stands SN rewards pool gets 50% daily. Perhaps a fee of say 20% of overall territory income per month? This is just numbers plucked from the sky. It's not too similar for brick and mortar rents. Larger businesses require more space (and generate larger incomes) their tax is higher and their rental is higher for a larger space. For a small business occupying a small portion of that real estate, the rent would be smaller. It's like renting an office rather than paying for the whole office block.
My own posts aside. As it stands in music I'd see 2-3 daily threads from various names. I'd have to make the posting fees 1666 per post to break even. All that's going to do is create a ghost town of zero posts because no one will pay that to make their post.
I'm curious as to how fees are going to adjust and adapt (if at all). But 100k deposit for a at best so far 3k return per month... That's not smart investing that's sunk cost and chasing losses.
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