SteemDeals - A Steem Business Proposal with A Revenue Model
What is SteemDeals?
It's an idea that came to me while doing Christmas shopping - it would operate similar to the website slickdeals.net. SteemDeals has the potential to be a complementary application on the Steem Blockchain that offers value to SteemDeals' owners, posters, commenters, and voters.
What is Slickdeals?
Slickdeals.net is tangential to Reddit or Steemit in that anyone can post, those posts get voted on, and the best move to the top. Slickdeals is different, however, because it's strictly dedicated to finding great deals on products and services.
How would SteemDeals work?
Jane finds a great deal and shares it with the community in a post, for instance:
- A Chipotle B1G1 coupon she got in her email
- An awesome sale at gap.com
- A great price on a computer monitor from Newegg
- An unbeatable price on an ipad at Staples.
If other users agree that Jane shared valuable information, they upvote her post. Just like on Steemit, she gets paid for the upvotes.
John comes along and offers an additional suggestion. He can leave a comments like:
- "Check your AMEX offers, I was able to get an additional $25 statement credit with a $75 purchase."
- "Go through ebates to get an additional 12% cashback."
- "Apply this coupon I found for another $10 off."
If John provided helpful info, users upvote his comment and he earns STEEM.
The deals with the most upvotes become the most visible and SteemDeals' owners earn revenue from the companies offering the product.
- SteemDeals moderators come in and add SteemDeals' affiliate links to the most popular posts. Now, when users buy the products by clicking through these affiliate links, SteemDeals earns a commission on each purchase.
Let's recap - How does everyone involved benefit?
Owners/Investors
They can assign moderators to put affiliate links in the most popular posts.
For example: SteemDeals would sign up as a Groupon affiliate, and Groupon would give them affiliate links. When someone makes a purchase through one of these links, Groupon pays SteemDeals a percentage of the purchase.
Posters
They get upvotes when posting great deals. Just like on Steemit, when they get upvotes, they earn STEEM.
Voters
SteemDeals voters get the benefits of incredible prices on products and services they've been wanting. Want a cheap flight from Hong Kong to London? @knozaki2015 will probably find it for you. Need a new gaming computer at a great price? A new wardrobe? How about a security system? SteemDealers will find them.
Commenters
Just like posters, commenters can earn Steem by providing helpful, witty, or otherwise value-adding comments.
Let's see a real life example
A user finds a great deal on an iPad at Staples:
Another user adds a comment showing how people can turn it into an even better deal:
Someone else asks for clarification:
Yet another user answers that question:
And another user offers up an additional way to save money:
As you can see, all these comments are adding value to the conversation. Everyone involved in this conversation could be earning STEEM while getting an awesome deal on the iPad they've been wanting.
Call it SteemDeals, SteemyDeals, or something else altogether. If developed, I believe this would provide significant value to the Steem ecosystem. Unlike many other projects, this has a highly viable revenue model for the owners an investors. They won't have to rely on blog posts or witness votes to earn a profit from their Steem endeavour.
I love the idea! anything that betters the eco-system is a huge plus!
Thanks for the resteem!
SteemDeals sounds like a great idea. But I would drop the SteemyDeals,unless it was offering some other type of intimate Steemy exchange;D~
Ha, true. I was thinking in terms of a play on "Hot Deals".
Im not 100% but im pretty sure fat wallet forums was the original incarnation of this business model. It also offered its own loyalty program, where you could buy shit through their site and get cash back (like ebates, who later bought them out)
IMO, there is definitely a ton potential here (both as a commercial enterprise and as a potential onramp for new steemit users)... its actually the best steem -related idea ive heard yet.
I also agree with others itt that the whole steem-X where X is your idea format is becoming tired.
Really? I had no idea ebates bought fat wallet.
Yeah, like 6 or 7 years ago... its probably been a wholly owned subsidiary most of the time youve known about it.
Before they got bought out, they had basically a pretty similar program to ebates, but much less restrictive, and there were a bunch of ways you could cycle money on like cash back rewards cards and FWF to get what amounted to free money from them.
Ebates was already the worse CB program, and they got bought out by a big japanese conglomarate called rakuten a couple years ago, and rakuten basically took them from bad to worse.
Great idea where everyone seems to be benefiting! Thanks for the suggestions and let's roll!!! Namaste :)
Thanks! Everyone involved has to benefit in some way if you want a business or project to work.
People are so obsessed with a deal and there are a lot of people interested in curating these deals. A reward system tied to this with STEEM is a fantastic idea.
This definitely needs to be done!
Yeah, they really are obsessed with a deal! Over at slickdeals there are already many people posting and curating for free.
☆☆☆☆☆😎
Upvoted via Project Curie, resteemed and shared on Twitter. Great idea. :)
Thanks for the resteem and share!
This would be wildly successful! Great idea!
Thanks, it has a lot of potential!
Great the idea, but i'm begining to think that all steem related projects do not necesarily to have steem as prefix.
Are you against having it developed on the Steem blockchain? Or just saying it doesn't need it?
He's just saying the name doesn't have to be "SteemDeals". It could be "DealNation" or something similar. I tend to agree with the overuse of the term "Steem" in project names.
Ah thanks, I misread his comment and don't disagree with you two.
Would this not work by simply adding a topic and placing posts with good deals into that category? I believe that would be a great start. If it catches on, then perhaps an app could be developed. In the mean time, sharing great deals in it's own topic may bring awareness to your idea and attract the right person to create the app.
I don't know how to add a topic or if it must be done by a developer or programmer.
That could be a start. Although I don't think the current interface of Steemit is optimal for this kind of thing.
Youre right, but there's another way to do it. just blueskying here bear with me.
You come in with an affiliate account, and you make a post offering deals where steemit users get some portion of your affiliate commission back, plus some portion of the commissions from the post back.
So take like amazon. Affiliate commissions on amazon vary depending on the type of product, but average is somewhere int he 4-5% range... though some things like amazon type electronics (kindle, alexa, etc) its as much as 10.
So you have a steem exclusive rebates post, where you link featured products and anyone who clicks through, buys one, and gives you their refund information gets 50% of your affiliate commission as a refund, paid in steem, and you divvy up all the post rewards and distribute them according to steem-power of the buyer.
SO something like the big kindle that runs $200, you could offer ten bucks cash back just off the bat, in steem.
Plus, you can offer some amount of refund based on post rewards. And it could be significant if the posts started getting high powered support.
Even better if you pledged to power up all the affiliate commissions you keep. This way, 100% of affiliate commissions would go to buy steem, and have a postiive impact on price.
this would actually work really really well, even without any whale support, IMO.
Wow now i want to do this... were you calling dibs on the idea or can I run with it and break you off a piece.
Feel free to run with it. I'd be glad to collaborate with you if you want any input or ideas.