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Deleted member 1227917
Guest
Hello guys,
I love discussing on how to make money as we can take ideas from this particular app and either replicate it or use the proof of concept in other areas on how we market things.
There is this app called "Lucky Goal" on the iOS Store.
Basically it's a free "casino app" - you get daily spins for free and you can cashout at $10.
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How does the app work?
You spin and you can win money essentially but cheap like $0.25 - $0.50 - $2. etc...
So I was like huh? How are they making money if they are giving away money - first thought might be advertisements - but there are no ads on the website.
Okay awesome, so I go ahead and spin and the first time spinning I won $2.
What they did right here is all psychology - they have me thinking the website is legit
and they boost my happiness up with the app
So this is where things get interesting....
After my spin it said "Come back in 24h" or "Get another free spin"
The free spin would be an ad or downloading an app (CPA/$$$$)
Okay cool so they make money off that - but how do they get people to keep doing it?
So I downloaded an app/completed the offer - Span and got another $0.50 in money.
Okay so now I'm very intrigued - my thought process is okay - they make money now so they are able to give out money but the profit margins must be low.
Further Research:
I read the reviews they are all AMAZING 4.5+ the reason is because people truly think they are earning money. So I read the reviews and found certain ones saying "Once you hit $8-$9 it's almost impossible to win" and someone else read "I've been spinning for 30+ days and still haven't been able to cashout but it's a really cool app though! Just Gotta get more lucky"
So this app did something very interesting - the app is clearly "legit" because it's all based on chance and people do earn money and etc... but what they did is they reduced the % if not made it impossible once you head close to the threshold to cashout.
Most of them is all psychological if people think the app is legit then they will keep doing it so you just have to keep boosting their satisfaction with the app eventually they'll give up after 30+ days but the reviews on the app are solid because people are dumb.
Very interesting honestly and anyone who I is in the business of making apps and marketing it can make a lot of money here.
My Thoughts w/ Spin on Twist:
My spin on the twist would be to:
- Add a way for people to share to their friends to "double their chances" of winning.
So make an algorithm that checks if they are below $5 give them $1 no matter what on their next spin this will make them think "sharing to their friends" actually works maybe a referral program added a well that gives you "an extra spin" per friend that signs up.
Their friends will download it because it's free and their friends will tell them it's legit because they just want the "referral" reward and it actually looks really legit.
- Another twist is to use post notification to tell them like "Hey complete an offer and get a chance to win $1000" and make a spinner with that notification that has maybe 2 $1000's in the spinner but make it impossible to win.
What do you guys think of this app?
Let me know - how else can we apply this to other marketing websites/make more money with our current ones.
I love discussing on how to make money as we can take ideas from this particular app and either replicate it or use the proof of concept in other areas on how we market things.
There is this app called "Lucky Goal" on the iOS Store.
Basically it's a free "casino app" - you get daily spins for free and you can cashout at $10.
------------------------------------------------------------------------------------
How does the app work?
You spin and you can win money essentially but cheap like $0.25 - $0.50 - $2. etc...
So I was like huh? How are they making money if they are giving away money - first thought might be advertisements - but there are no ads on the website.
Okay awesome, so I go ahead and spin and the first time spinning I won $2.
What they did right here is all psychology - they have me thinking the website is legit
and they boost my happiness up with the app
So this is where things get interesting....
After my spin it said "Come back in 24h" or "Get another free spin"
The free spin would be an ad or downloading an app (CPA/$$$$)
Okay cool so they make money off that - but how do they get people to keep doing it?
So I downloaded an app/completed the offer - Span and got another $0.50 in money.
Okay so now I'm very intrigued - my thought process is okay - they make money now so they are able to give out money but the profit margins must be low.
Further Research:
I read the reviews they are all AMAZING 4.5+ the reason is because people truly think they are earning money. So I read the reviews and found certain ones saying "Once you hit $8-$9 it's almost impossible to win" and someone else read "I've been spinning for 30+ days and still haven't been able to cashout but it's a really cool app though! Just Gotta get more lucky"
So this app did something very interesting - the app is clearly "legit" because it's all based on chance and people do earn money and etc... but what they did is they reduced the % if not made it impossible once you head close to the threshold to cashout.
Most of them is all psychological if people think the app is legit then they will keep doing it so you just have to keep boosting their satisfaction with the app eventually they'll give up after 30+ days but the reviews on the app are solid because people are dumb.
Very interesting honestly and anyone who I is in the business of making apps and marketing it can make a lot of money here.
My Thoughts w/ Spin on Twist:
My spin on the twist would be to:
- Add a way for people to share to their friends to "double their chances" of winning.
So make an algorithm that checks if they are below $5 give them $1 no matter what on their next spin this will make them think "sharing to their friends" actually works maybe a referral program added a well that gives you "an extra spin" per friend that signs up.
Their friends will download it because it's free and their friends will tell them it's legit because they just want the "referral" reward and it actually looks really legit.
- Another twist is to use post notification to tell them like "Hey complete an offer and get a chance to win $1000" and make a spinner with that notification that has maybe 2 $1000's in the spinner but make it impossible to win.
What do you guys think of this app?
Let me know - how else can we apply this to other marketing websites/make more money with our current ones.
Thankew
