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Rupert
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« Reply #90 on: July 29, 2012, 06:48:29 PM » |
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Yeah this. I'm sure the system will be fine etc, don't really fancy paying rake on my action am having no trouble buying or selling action as things are. Market size you are anticipating is actually tiny Sort of a cool idea dude but it will never work on the scale you'd like.
There is already chipmeup which has the backing of PokerNews/Tony G and I don't think it's all that successful and find it hard to imagine you topping them.
I think I'd rather just sell on Blonde tbh, seems much easier, and I'm one of your core demographic.
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Horneris
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« Reply #91 on: July 30, 2012, 12:32:50 AM » |
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You might aswell just do it on blonde for free
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The Camel
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« Reply #92 on: July 30, 2012, 01:08:14 AM » |
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Think you need to offer something blondepoker and 2+2 cannot.
Scammer insurance is something that springs to mind.
Obviously ridiculously risky and expensive though.
Maybe some sort of insurance though (ten times stake?)
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Congratulations to the 2012 League Champion - Stapleton Atheists
"Keith The Camel, a true champion!" - Brent Horner 30th December 2012
"I dont think you're a wanker Keith" David Nicholson 4th March 2013
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GreekStein
Hero Member
Hero Member
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Posts: 20912
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« Reply #93 on: July 30, 2012, 01:12:18 AM » |
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Think you need to offer something blondepoker and 2+2 cannot.
Scammer insurance is something that springs to mind.
Obviously ridiculously risky and expensive though.
Maybe some sort of insurance though (ten times stake?)
way too easy for Alex to get fucked over though |
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@GreekStein on twitter.
Retired Policeman, Part time troll.
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The Camel
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« Reply #94 on: July 30, 2012, 01:15:35 AM » |
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Think you need to offer something blondepoker and 2+2 cannot.
Scammer insurance is something that springs to mind.
Obviously ridiculously risky and expensive though.
Maybe some sort of insurance though (ten times stake?)
way too easy for Alex to get fucked over though Yep. Was just thinking out loud. Most people interested in buying/selling shares are already active and happy (ish) with what is out there already. Need something unique to lure them to Alex's site. |
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Congratulations to the 2012 League Champion - Stapleton Atheists
"Keith The Camel, a true champion!" - Brent Horner 30th December 2012
"I dont think you're a wanker Keith" David Nicholson 4th March 2013
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MANTIS01
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« Reply #95 on: July 30, 2012, 03:13:02 AM » |
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If you have low volume you need a high mark up, eg not many people buy ferraris but the dealer makes a score on each one. So doesn't seem viable to take a small % fee. Maybe if you have good players on board take action as the fee as a better +ev gamble in the short term. Prob would work as a business if attached to a big existing audience like facebook or twitter as a fun interactive 1% of friends thing. Not sure about the name and think poker bay sounds like a vegas casino or harbour in aussie soap, prefer Pokerstable.com, but that was taken. Pokerstable.co.uk was available though.
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Tikay - "He has a proven track record in business, he is articulate, intelligent, & presents his cases well"
Claw75 - "Mantis is not only a blonde legend he's also very easy on the eye"
Outragous76 - "a really nice certainly intelligent guy"
taximan007 & Girgy85 & Celtic & Laxie - <3 Mantis
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smashedagain
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« Reply #96 on: July 30, 2012, 12:22:34 PM » |
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Or you could keep backing winners like PJ
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[ ] ept title
[ ] wpt title
[ ] wsop braclet
[X] mickey mouse hoodies
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superwomble
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« Reply #97 on: July 30, 2012, 12:50:28 PM » |
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I can see a bank taking a dim view of all the transactions as well fwiw unless you get one of their tailored accounts which I am sure will include some kind of anal fee...
Which bank do you use? I'm staying clear of them! |
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ACE2M
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« Reply #98 on: July 30, 2012, 01:12:02 PM » |
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The market is way too small. You won't make enough money out of it to make it worth setting up or your time to run it.
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simonnatur
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« Reply #99 on: July 30, 2012, 02:37:49 PM » |
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I know this has been touched on earlier, but pretty sure you'll have the lawyers from Ebay on your case if you attempt to use the Pokerbay name for anything with an auction element. A quick google search turned up numerous instances of "xxxxbay" sites being hassled.
It seems to me the consensus on this site is that auctions produce poor value for buyers. Would a possible avenue to exploit this, be for you to sign up a stable of trusted "name" Pros who would be happy to be staked by you at say 1.5 average and then parcel up the action for sale to public by auction with 1.5 reserve and profit from any part sold in excess of 1.5 ?
It seems you'ld need multiple income streams to make this work, so a tie-in that drove traffic to an online site could be another consideration.
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Reluctant to race, came home in own time
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smashedagain
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« Reply #100 on: July 30, 2012, 03:34:12 PM » |
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Is the Firm still up and running?
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[ ] ept title
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[ ] wsop braclet
[X] mickey mouse hoodies
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iangascoigne
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« Reply #101 on: July 30, 2012, 05:33:51 PM » |
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Alex having read through the posts,who to be fair make up a reasonable sample of you target market it has confirmed the point we spoke about several months ago that I couldn't see how this could generate the required revenues to cover the set up costs.Coupled with the implementation challenges I would see this as a money pit with little chance of becoming a sustainable business.
This is not to be negative.I admire individuals who want to make things happen.UK PLC needs far more people with a positive attitude and a spirit of enterprise.However I really don't think this has legs.
Sorry if it is not the answer you were looking for but for what's it's worth that's my opinion.
You will have other ideas,opportunities and keep them flowing.To have a 'brains trust' like this site is also really value to get a sense check on any ideas etc.Good luck.
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Father of Ed and Alice, grandfather to Toby. That is enough for anyone. Twitter @IanGas
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millidonk
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« Reply #102 on: July 30, 2012, 05:39:17 PM » |
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Is the Firm still up and running?
Yea eBay is doing ok. |
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cambridgealex
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« Reply #103 on: July 30, 2012, 05:40:04 PM » |
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Thanks Ian, and everyone. A lot of very wise posts and yes, an invaluable resource so thanks to Blonde for allowing me to have this thread in the first place.
I've decided to not go through with the business and to look for other projects / keep my eyes peeled.
Thanks very much for all the advice.
Alex
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Poker goals:
[ ] 7 figure score
[X] 8 figure score
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MPOWER
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« Reply #104 on: July 30, 2012, 08:43:38 PM » |
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Thanks Ian, and everyone. A lot of very wise posts and yes, an invaluable resource so thanks to Blonde for allowing me to have this thread in the first place.
I've decided to not go through with the business and to look for other projects / keep my eyes peeled.
Thanks very much for all the advice.
Alex
TOP Post Alex. If GAS7 thinks it's nope then it's nope! keep the brain busy. Well done at the weekend. Regards M |
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