Tuesday, July 29, 2008

Clutterme Labs

We've just released a truncated form of Clutterme embedding. This version allows you to directly embed your Clutterme page onto your website and it will overlay on top of any existing content.

Clutterme labs is also pretty neat because it allows you to edit your Clutterme content directly on your website. So it transforms your whitespace into an editable whitespace similar to Clutterme's. We thought this was pretty cool.

Thanks also to some back end overhaul Clutterme loads faster in Internet Explorer and as far as I can tell, Safari as well.

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Thursday, July 17, 2008

Bad Scam

One of the worst scams on the Internet are stuff known as 'My Luv Crush' and 'You're Perfect Match'. You enter your cell phone number, usually baited with some promise of calculating your love percentage and then confirm the PIN that is sent to you.

This enrolls you into a subscription that charges you $xx per text message or $xx per day. Either way, you end up paying through your nose, don't know how to cancel the subscription and by the time you get your first bill the damage is done - and you're probably still up the creek on how to cancel.

Luckily the Internet is also full of solutions. So if you read this, just txt the word 'STOP' in reply to one of the messages and they'll stop sending them to you. I hate these offers on the Internets and it's unfortunate that so many people are making so much money of these scams.

PLEASE DON'T FALL FOR THIS.

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Thursday, July 10, 2008

How much is a Facebook App Worth?

There are a lot of metrics that help valuate how much a website and Facebook app is worth. The two that matter to me if I was buying it are... how many links can I drive with it and how effectively can I market it.

First of all, let's say that a non focused click from a US user is worth $0.10. If I can drive 1000 clicks a day from my website/app then I'm getting around $36000 a year in value, assuming the traffic is stable and not growing.

If I had the cash I would buy a property like that for $72 000. $0.10 per click is a great price. I haven't been able to find anything on an ad network under $0.15 a click for US traffic.

As a rough estimate we used to drive around 1000 clicks from 10000 daily active users. You could probably push that to 1500 if you really tried, but 1000 clicks per 10k DAU is a good base.

Most apps have special themes like Vampires or Werewolves. To get the 1K for 10K you need to be a bit creative and do some ties-in like '9/10 werewolves use ____ website'. We've always used tie-ins and it's never terribly difficult to get a good idea.

More nefarious app owners use notifications and e-mails to reach dormant users. An e-mail to a user is at least worth $0.01. We've done tests and a 1% e-mail CTR is about standard. It's important to note that all e-mails make the user's inbox.

I'm saying that an empty Facebook application can be worth it for the e-mails. $0.01 an e-mail. Any active users it has is gravy.

So my floor valuation for any app would be $0.01 per install + $72000 for every 10 000 DAU. Anything at that price or lower I'd recommend a buy.

Wednesday, July 9, 2008

The number one question we get asked...

The number one question we get asked is 'what are you doing right now?'. Everyone asks this and rightfully so, because no one aside from ourselves knows what we're truly up to.

For the past year and a bit we've been working on Clutterme. Clutterme was originally intended to be a place where you could save your links (easily) and do a Google Search. Pretty much Google.com but with editable whitespace.

Things got a bit complicated when we started to add friends, picture uploading etc. Clutterme transformed into a way to make a webpage. On October 1st, 2008 we decided to launch Clutterme with around half the features we envisioned.

Believe it or not, a lot of people like, love and use Clutterme. We've maintained a steady flow of traffic over the past couple of months and we've done some minor updates here and there. Clutterme however is almost unchanged from the version we released in October.

So what have we been doing in the meantime? Well in mid October we decided to launch our first Facebook application. Yes, those very same things you (and I) loathe on Facebook. Applications have arguably ruined Facebook. We're complicit in the pillaging.

Our first application was called Fbook President, which has since been renamed to ePresident. The winner of the first official Facebook election on December 31st, 2007 got caught up in the hype and thought he WAS THE ACTUAL PRESIDENT OF FACEBOOK.

I'm not sure if he was being facetious or was just too overly enthusiastic but at some point 'the shit hit the fan'. Arash Darembarsh made radio shows, television appearances and even involved President Sarkozy's office all the while claiming he was the president of Facebook.

This of course is not true and when the hoax was revealed the blowback was even louder (and funnier) than the actual event. Needless to say we had to change our app's name and remove all reference to Facebook within that application.

While this was happening we quietly and not so quietly launched 22 other applications, some of them are beauty applications and others, like our personal favourite I'm With Stupid, are just for fun.

At one point our Facebook apps were pulling in a quarter million pageviews per day. If the traffic was anywhere other than Facebook we could have considered ourselves millionaires. Alas, in mid March the honeymoon ended and our traffic for the most part crashed.

Our apps are still valued at a couple hundred or perhaps tens of thousands of dollars. Here's the list of them for your perusal.

Aside from a few close personal relationships, WE HAD NO LIFE outside of our business during this time. It was horrible. One of the things I've now learned is that it's important to maintain personal friendships and relationships amidst work. You need to play.

In May 2008 we decided to start filing a patent on Clutterme. Making our patent took 4 solid weeks of work and the end result was a 100+ page provisional patent. One very valuable lesson we've learned during this time is that lawyers, given the chance, will screw you. It's up to you not to get screwed.

Aside from tidying up some lose ends on Clutterme and our Facebook apps June presented us with an opportunity for a fresh start. One of the lessons we've learned over the past 12 months is that the best way to make money is to have something to sell (duh).

We're quietly squirreling away, living off the remainder of our Facebook income with two strategic milestones which we hope to launch soon. Milestone #1 will help us get users and milestone #2 will involve getting money from our users.

The saga isn't over yet, this is our final gasp into making Clutterme webpage creator we've always envisioned it becoming.

Look for us also to be moving into our AMAZING OFFICE SPACE at Yonge and Eglinton and start off our 2nd year the the way our business was meant to be started.

To answer your other questions, yes we're making money, but are by no means rich.

Oh, and Facebook is changing the way user profiles appear on Facebook. This should get rid of the crappy application spam that litters user profile pages.

Friday, July 4, 2008

I just finished InHopeOfLove.com

Inspired by the success of Blackle I thought I'd try launching something similar aimed at our demographic. Hence the first (or maybe not, I haven't looked) female search engine.

Tell your female friends. It's pretty much the same as google but with a nicer picture and more feminine colors.

*Edit*: Early feedback from some Facebook friends is: the domain has got to go, the colors clash and one request to remove the picture of the hot girl on the homepage.

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