If you’ve spoken to me or exchanged emails, you’ll know that I’m a pragmatist at heart. Having see the rise of the dotcoms and dot-crashes soon after, I’m certainly not in this application if the end result of facebook monetization is mere “hype”.
Talking to Jason Bailey, whom I’m helping to launch his $uperRewards FB monetization system, I’ve seen the applications and case studies of successful FB applications which are making $100,000 – $200,000 a month.
These applications are probably in the top 5% of Facebook applications that turn a profit and a huge profit at that…and the reality of any capitalist society is that you must benchmark yourself against benchmark yourself against the leaders, rather than the other 90% of Facebook developers who are merely scrambling to find two nickels to rub together…
A business must be able to generate positive cashflow and must be able to sustain a comfortable lifestyle for the application creators. Anything less and you’re running a charity.
Let’s break this down for a moment…
An “average” application might generate $10,000 to $15,000 a month, which could be fairly reasonable…until you break that $15,000 by 30 days, or $500 a day.
$15,000 a month or $500 a day, with an assumption of 50,000 daily active users means you are generating 1 cent per daily user…that’s pretty pathetic…
Instead, if you want to go big with Facebook Applications, you need to define your goal and reverse engineer the process.
I think $100,000 per month is a decent benchmark. (as a starting point…)
In the final part of our interview, Jason Bailey (AKA Chickenhole) and I discussed how to maximize your application’s profit potential by incorporating some tips during the development, marketing and monetization phases.
We talked about the criteria a successful FB App MUST incorporate to ensure that it takes on a life of its own through viral distribution.Â We also talked about how you get started, especially if you don’t have any programming skills.
If you are already developing a Facebook Application, you will want to know about the free application hosting with programming functions. This is especially critical because successful Facebook applications could have 500,000 or more daily active users a day.
A key indicator that a technology has reached maturity is when people are able to make full time incomes from it. In this case, Mark Zuckerberg’s Facebook social network has grown beyond just college kids, to include a development architecture where independent programmers can develop applications which ride on the Facebook platform.
Even better, Facebook applications and their developers are banking big, to the tune of a couple of hundred thousand dollars, and possibly even a million dollars in a week.
Enter the latest entrant, Facebook application $uper Rewards, spearheaded by Jason “Chickenhole” Bailey.
While Jason is one of the owners of CPA network Millnic Media, he has mentioned that $uper Rewards is independent of Millnic Media and will work other networks and merchants to expand it’s business opportunity.
What is $uper Rewards?
$uper Rewards functions as a “Facebook Application monetization widget” that Facebook Application developers can insert in their applications.
It’s based on a PHP architecture and provides access to more than 300 offers from about 12 different affiliate/CPA networks.
The $uper Rewards platform includes features like geo-targeting functions to provide geographically appropriate offers to the application users.
Jason Bailey “Chickenhole”
As Jason describes the service: “$R is a tool for any points/rewards based application which allows developers to easily manage incentivzable offers from dozens of CPA networks. This is a DEAD SIMPLE cut and paste solution that does 95% of the work associated with monetizing such an app for you.”
Among the key features of $uper Rewards:
Incentivizable Offers to cover EVERY COUNTRY on the planet
Over 30 Canada Specific offers
Over 25 UK specific offers
Some of the other features, include:
Geo Targeting management
Managing all of the creative
Maximizing revenue from each user, including customer support
Some of the Facebook Applications already incorporating $R include:
Some feedback from an early adopter: “$uperRewards rocks. We tried the main CPA networks – offerpal, cpalead etc etc. Right now $uperRewards is generating exactly 20 times the revenue per daily active user of the next best network we used.”
Compared to other comparable services, $R offers the highest (more…)