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Too many flaws in the model and no marketing gives it very little chance of success
I'm here...watching the evolution of the posters on this board. Most of you have changed your tune, except for my old buddy mwito. Hoping for a pump for you guys.
Nope. It's VERY telling information and I would be all over David on this piece of info if I were a shareholder.
VERY eye opening.....hmmm
Your October traffic estimations. These are only estimates but they are considerably accurate.
http://siteanalytics.compete.com/netsavingslink.com/
Who gives a rat's patoot!!?? I've been waiting for this since last year.
finally!!!!!!!
Buy what!? The programmers at Groupon could whip up a site like netsavingslink in a couple days. There's nothing proprietary to buy.
Guys, I want you all to get your money back and make some, but I don't think many of you understand the deal site industry.
True
I don't own your stock....got sucked into this daily soap opera on this board and love all the characters in this drama. It's been my daily getaway for a while....a guilty pleasure.
I'm the same..
Yep, but I completely understand why they do. It's scary to be in the situation that many of them are in. Been there and know the feeling all too well.
Absolutely correct. In a BK, the free trading shareholders are almost always wiped completely out. All you get is a nice write off for you tax returns.
I meant the model of selling to groups was not easy to duplicate, not building the site. Yes, the site is not hard to duplicate.
NSAV IS NOT EASILY DUPLICATED!
The system is fully thought out, and any company wishing to do so would have to hire or contract with a large sales force which would meet with prospects one on one. NSAV is paying theirs with large commissions.
It may not be easy to duplicate this model because the model is difficult for anyone to pull off. Has he signed a group yet?
In theory, absolutely. Probable? Not so much. There would have to be a very unique value proposition to the media company. Proprietary technology, exclusive contracts (or deals), sales infrastructure, etc.
The problem is that any large media company can replicate a deal link site in a few weeks using the internal tech staff that most of these giants already have in place to manage their present web properties.
I'm not saying that NSAV can't make money. It ABSOLUTELY can make money on commissions IF it gets consumers to the site. Question is...how many consumers can it get without advertising or have a very viral component to it. What I AM saying is that a partnership with a large media company that will give NSAV free pub is highly unlikely without the value propositions I mentioned above.
Of course, these are my opinions but they are based on real life experiences.
Of course, but they have become sort of "media platforms" like radio stations, tv stations, newspapers etc, except they distribute user generated content while the other mediums distribute produced content that people want to consume. Usually entertainment or educational content.
Because it's a platform that allows people to submit user-generated content that they then share with their friends/family. If that content is catchy enough, more people share it with their friends because it's entertaining. That's how they grew the site. It grew virally in much the same way Facebook grew. The key for both of these as well as Twitter is that they are USER GENERATED, not company generated. Now, they grew so much virally, that they have become "media" themselves and can now charge people to advertise on them. Furthermore, advertisers even promote them in the their own TV ads on on their websites. You always see Facebook/Twitter/YouTube logos on TV ads now.
The is NO comparison between YouTube and NSAV or any other deal site for that matter.
Agreed. That was a questionable post for sure.
Familyguy, I considered you one of the most realistic and level headed Pro-NSAV guys on this board. I hope that you didn't purposely leave out the March date and change the ticker from CXLT or whatever to NSAV. That would not be cool if that's the case. I'll give you the benefit of the doubt.
true
Actually, they do exist. http://mirador-consulting.com/
Looks like they were started in 2001 or 2002.
How are the memberships free to the affiliates to give away to their members? Do they have to pay for them if they want to give them away for free? Someone has to pay for memberships or what's the point of having them? If affiliates need to sell the membership to their people, they will have the same problem that nsav has trying to sell it to the public.
Many things seem good in theory but still hard to execute once you get in the trenches.
My question would be....did you guys know that this was the intended marketing model before you invested?
It's an unneeded barrier to entry if you say most people will not have to pay it anyway. Why have it? You push away someone that lands on the site immediately.
Well good luck to you all. The scary thing for you guys is that 2 months ago it was all about the mommy bloggers. That seemed to be the end all be all. It seems now the focus has changed to groups because the mommy blogger thing seems to not be working that well or at all.
Since it seems he will not budge on traditional methods of marketing, EVERYTHING is riding on selling memberships to groups.
I think you guys may be good in the mid term if someone comes along and pumps the stock.....it just may be a long painful wait. When and if that happens....you should really consider reevaluating your position in this company.
I think the proper person could market this site effectively (minus the membership fee) and make a nice annual income for themselves and maybe a couple other people. Can it generate enough revenue to get the stock up to $1 and give this company a valuation of $200 million so that tons of investors make a living? I seriously doubt it. It COULD get to a dollar, but that's going to have to come from some serious penny letter touting. It happens all of the time.....just never stays at those prices when the touts stop and reality sets in.
Just the way I see it....
You are correct....a company CAN become successful without traditional advertising, but here's the difference.....those businesses tend to have their own branded products/services,
or in this industry, they have secured their own exclusive deals. That's their value proposition. NSAV is trying to succeed in a highly competitive market that is very cluttered with affiliate marketers. Unfortunately, without that traditional advertising to capture people, they are climbing a VERY steep uphill battle that I don't see them winning. And signing on huge groups like unions, radio/tv stations etc is full of obstacles that you can't even imagine. This is just my opinion, but I know the industry well because I'm in it.
I don't own this stock, but I follow this stock only because I stumbled upon it through a penny newsletter, as I'm in a couple of other pennies. This one grabbed my attention only because I am in the industry and follow all deal type sites as part of my continued research of what else is out there.
He needs to drop the member fee and promote the website to consumers if he wants to succeed.
I think he said it would be profitable
I correct myself....the $840 was up to 8/31 so that does not include the period of the hounds' release which was on 9/1 I believe.
Tell him good luck with that strategy. You can't rely on other "groups" to sell your product.....better yet....you can't rely on other groups to sell products that aren't even yours to begin with. The site is a middle man of middle men.
Your Q3 Financials just released.
http://secfilings.com/searchresultswide.aspx?link=2&filingid=8196684
"Operating Revenues
During the three and nine months ended August 31, 2011, the Company received $840 and $1,242 in commissions revenue, respectively, compared to no revenue in the same periods ended August 31, 2010."
Looks like they made $840 from unleashing the hounds.
Not saying he is a scam artist......but what makes a good scam artist is a person that doesn't sound like a scam artist. If he sounded like one, he wouldn't be a very good one.
So let me get this straight....it took shareholders from a message board to tell him that he needs SEO....and to even recommend one to him?? That's scary...VERY scary. He's JUST NOW going to sign one on....that should have been done when the site was being built. Any competent dot com CEO would know that. Sounds like NSAV needs not only SEO, but CEO too.
And he can forget about a Clear Channel-Living Social like deal. First off, that deal is an exclusive partnership. He will NEVER get in with Clear Channel.
Secondly, a radio station with one million listeners is a major radio station and will probably be owned by a large radio group that will also never do a deal like this with an unknown company that has nothing proprietary...no brand recognition, sales force, or significant database.
HE WILL NOT SECURE ANY RADIO DEAL LIKE THIS WITH ANY SIGNIFICANT STATION. I guarantee you he will not secure a deal with ANY media company that has one million listeners/viewers, etc. I doubt he can do it with one that reaches 50,000 listeners/viewers.
I won't sit here and say the guy is a scammer because I don't know him....but I CAN tell you this with conviction.....HE DOES NOT KNOW WHAT HE IS DOING IN THIS INDUSTRY.
I'd take my chances with an Internet start up with a unique idea that needs angel investors. I don't know what you invested but I'm sure you could have hired a web developer to create this site for less than your investment.
those business offer exclusive deals that they secure with a sales force and then spend millions marketing.........and they are still in a dog fight.
I believe none are stand alone public, but a couple of them are owned by larger public companies. For example, I believe RueLaLa is owned by ebay and MyHabit.com by Amazon. You also have companies like CBS that have deal programs on their radio and TV station websites in many markets. Then you have this bombshell today of the deal with Clear Channel and Living Social. This will give Groupon a run for it's money.
http://techcrunch.com/2011/10/18/clear-channel-and-livingsocial-team-up-to-bring-daily-deals-to-radio/
It's a VERY competitive space with A LOT of heavy hitters playing in it.
then you should be happy
you're wrong
Numbers worked fine for me. Didn't speak to anyone but didn't get a disconnected message either.
http://secfilings.com/searchresultswide.aspx?link=2&filingid=8191336
Delayed reporting financial statements....