Wednesday, April 18, 2012

How long will it take?

How long will it take to make my bot business profitable? Is there something I need to do to make the growth faster?

The answer to these questions is not unique, but surely there is a common "path" in all the successful case. Firstly, starting from zero, you will need one to two months to gain a bit of popularity and drive some customers to your shop. Most probably during the first days you will see zero trades, simply because your bot will be unknown and your collection will be small.

You will need to patience a little bit more, since it usually take 5-6 months for a bot to grow a decent collection. As I discussed many times in the past, the collection is the key factor that drives customers to your shop, even more than prices, and unfortunately a collection cannot be growth from zero in just a few weeks. Indeed, once you are there, your bot will be doing fine and it will self-sustain.

To make the growth faster, here you are some tips:
- during the first months, regularly put some tixs in your collection, say 100 every week
- choose a good name for your chain, something can be recognized as a chain, such as "StarBot1,StarBot2,StarBot3" or "StarBlueBot","StarRedBot","StarWhiteBot"...
- put a contact email in your welcome message: someone will probably write you and, in any case, it's always a good practice to offer a public "interface"
- run the bot 24/7, on a good and fast computer

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