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Auctions to buy & sell social media accounts

Discussion in 'Social Networking Sites' started by stephane05, Nov 3, 2016.

  1. stephane05

    stephane05 Registered Member

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    I've been involved in IM for some time now have come to the conclusion that it's basically all about asset management. See, I come from the traditional investment industry where everything is given a value regardless of relevances and noticed that the internet doesn't yet do this.

    I'm from the opinion that the internet is a freeing agent but I recognize that the direction of modern economics is going to become yet further entrenched in our lives. Despite us finding tools to freedom (such as free information) we are becoming more burdened by the monopolistic buraucracy of our economic system (that damn 1%). The internet and the economy are currently merging giving birth to a new asset class in investing.

    The digital asset.

    This can be a website, social media page, account, group, forum account or really any form of authority online. Like all our information, this is really valuable. Building a portfolio of assets that reinforce each other harmoniously is how you become successful at growing your wealth through digital asset management.

    Most of us on BHW know this and have built or are building this in order to earn an income. In order for the internet economy to grow, it needs to penetrate new markets. People need to be able to transact more openly and efficiently in digital assets.

    The reason someone like me can even do IM is because of Wordpress. Being able to buy assets rather than only building them will attract a whole new type of money/consumer. Non traditional IM money. So, like normal people and institutions investing in the internet economy/infrastructure. Being able to teach IM is very valuable right now.

    Anyhow, I'm building said auction marketplace in order to unlock these opportunities (and the marketplace itself). One of such opportunities would be approaching social media account holders soliciting them to buy their account then selling it at auction (on a more established market). The more you formalize a marketplace/transactions the more efficient the market becomes.

    It's still a work in progress and I am open to collaborate with others who may have complementary skills, personalities, businesses ect.

    PM me if you're interested in any of this
     
  2. Asif WILSON Khan

    Asif WILSON Khan Executive VIP Jr. VIP

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    The problem is that users don't actually own their social media accounts and most of the sites have ToS's that prohibit the selling of accounts.
    Where they find accounts have been sold, those accounts usually end up being banned.

    So effectively you will need stop the social media sites joining your site and you won't be able to advertise the account name for fear of it being banned so you will probably rely on metrics which can be faked (eg no. likes, no. followers etc)
    It would be hard to identify genuine accounts from fake accounts and you will end up with people shouting scam and charging back UNLESS you personally verify each and every account.

    People have tried it in the past.

    [​IMG]



    EDIT: all those accounts you have listed on your site could easily be banned.
     
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  3. stephane05

    stephane05 Registered Member

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    That is indeed the obstacle. It's to find a way to present the auction in a way to authenticate the account without fully giving it's identity. Maybe a bitcoin paywall to see the URL? or members only see URL?
     
  4. stephane05

    stephane05 Registered Member

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    What I'm saying is that yes, this is a current known issue but it doesn't take away the fact that the formalization or these transactions is an inevitability. Demand is there ... plus adding economic incentive to social media can change the game