Discussion of article "How to make $1,000,000 off algorithmic trading? Use MQL5.com services!" - page 4
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If you really want us to believe that money can be generated by algo makers using Freelance and Signals service of your site, please show some faces.
On the contrary, by putting out this plug a viewer will get a feeling that business is going down because of poor model.
Jobs placed for freelancers attract anonymous persons claiming to possess qualifications to do a job. There is no way of finding their previous work or how reliable they can be.
Strictly, if you make it compulsory for a freelancer to produce a video of showing prototype, finished indicator or EA working, order should not be placed.
This will attract people who are confident of their competence and skills and filter out coders who are looking for ideas to generate signals.
If you make a survey, it will surprise you to know that at least 90% of coders have done or doing the job not to make money for their time or labour but to get ideas to generate quick money.
Coders have been led to the garden path by motivated market noise that quick money can be made by coding algos.
Strongly believing in such talk, 90% of coders have collected ideas and have put their savings and have heavily lost.
Freelance service is being used by coders looking for ideas for their own use rather than to really sell their labout.
How can you explain the unrealistic prices they accept to do a job?
The charts with the sellers earnings are true and I can confirm that.
I don't understand what the quality of developers has to do with the fact that some of them are making good money?
I disagree with your claim that there is no way of finding out how good or reliable a developer is, when I used the Freelance service for the first few times, I always checked the number of jobs done by the coder and the rating.
I never went for the cheaper one, something that many people do around here and then complain about the quality of the finished product.
If you choose a developer with 5000 completed jobs and 4.98/5 rating, you will not be disappointed, but if you go for the one with 3 jobs and 3/5 rating you are playing with fire, in my humble opinion.
I also disagree with your opinion that Freelancers are only doing this for finding trading ideas and strategies and then they lose their money over them, this is really naive to think.
As for the great difference in offered prices in the Freelance section, there is a simple answer to this, we live in a world where $30 is a tip in New York or Oslo, but a week's salary in Pakistan or India, so it is perfectly logical that a developer asking for $30 for a job, when someone else would ask 10 times that.
To make a million you need some sort of GRAMOTHY accounting of sales, what we have now half does not work, and for a year of using finteza so nothing has changed, it seems that the service is stalled....
Under the GRAMOTH accounting you need at least:
1 - Analyse the sources of traffic to your products
2 - To see conversion rates, bounce rates, visitor time on page and more....
None of this is there.
Let's have a discussion with the Administrators? But highly doubt they will read this post.....
Read some of the comments from buyers....
People are willing to step on the rake repeatedly. Perhaps it is right that they are not prevented from doing so. Perhaps someone needs to go through such a painful path.
I even thought that maybe the sellers of slag (just about slag, not all the robots in the Market) are doing good - educating the average person.
This has long grown into a law, all people coming to the market for money to step on the rake, some on dozens, some on hundreds and there is such a
the path is painful for everyone one hundred per cent of the time, it's a reflex.
The more people like that, the more opportunity there is for sellers to make a lot of money.
I remember before about 13 years ago we sold pseudograil on foreign sites offered for 2 thousand quid and more than 1800 people bought it in less than half a year.
Now this opportunity has grown much more, but there are more competitors too.
To make a million you need some sort of GRAMOTHY sales accounting, what we have now is half does not work, and for a year of using finteza so nothing has changed, it seems that the service is stalled....
Under GRAMOTHY accounting you need at least:
1 - Analysing the sources of traffic to your products
2 - See conversion rates, bounce rates, visitor time on page and more....
None of this is there.
Let's have a discussion with the Admins, shall we? But highly doubt they will read this post.....
We will most likely expand the activity/interest statistics for each product.
Fintez has everything (it's a great and powerful service), but not everything makes sense to show the product owner.
Within individual pages, it doesn't make sense to talk about characteristics like abandonment and visitor time. There is a good search engine influence on inbound traffic to the marketplace section, but 50% goes to the headings. Search itself is 90% determined by our SEO efforts across the site. The influence of the authors' own efforts on search engine rankings is secondary.
Referral traffic to specific products is negligible, only a few authors put such links. So the traffic is 95% from appstore.
What affects the success of products:
We use a variety of analytics from both Fintechs and third-party machine learning packages to improve site services.
For example, building trajectories of user movements to purchase products shows constant loops of returns/returns within:
It turns out that a seller's personal profile is not just interesting to buyers, but is clearly the most important characteristic influencing a purchase. This makes sense - many buyers check out a seller's status, ratings and professionalism.
Therefore, it is critical for sellers to work on their image and make sure to translate both their profile and products. Not forgetting about graphic design as well.
We've already done a lot of analysis, experimented since last autumn, put together a work plan and got started:
We'll think about upgrading seller statistics. It's time to strengthen it.
We use a variety of analytics from both Fintechs and third-party machine learning packages to improve site services.
Optimisation only to increase sales? I often see complaints and demands for refunds. Is your policy self-regulation?
Fintez has everything(it's a great and powerful service), but not everything makes sense to show the product owner.
Yes Finteza is a very cool thing, the fact that Adblock does not cut it is a huge plus, especially liked the sales funnels, simple and clear ...
But there is no integration with the market, I worked with finteza, I liked it, but there is still a lot of room for improvement...
We will likely expand the activity/interest statistics for each product.
Fintez has everything (it's a great and powerful service), but it doesn't make sense to show everything to the product owner.
Within individual pages, it doesn't make sense to talk about characteristics like abandonment and visitor time. There is a good search engine influence on inbound traffic to the marketplace section, but 50% goes to the headings. Search itself is 90% determined by our SEO efforts across the site. The influence of the authors' own efforts on search engine rankings is secondary.
Referral traffic to specific products is negligible, only a few authors put such links. So the traffic is 95% from appstore.
It turned out that the seller's personal profile is not just interesting to buyers, but is clearly the most important characteristic influencing the purchase. This makes sense - many buyers check out a seller's status, ratings and professionalism.
Therefore, it is critical for sellers to work on their image and make sure to translate both their profile and products. Not forgetting about graphic design as well.
We've already done a lot of analysis, experimented since last autumn, put together a work plan and got started:
We'll think about upgrading seller statistics. It's time to strengthen it.
Interesting effort.
Everything seems to be right. But not many people understand it.
I am a retired Wall Street journalist.
Faceless people can earn money. Whatever you say is right.
If you can't show the faces, then everybody can draw own conclusions.
I have drawn mine.
Thank you.
Happy thoughts.
Optimisation only to increase sales? I often see complaints and demands for refunds. Is your policy self-regulation?
We optimise both the number of sales and total revenue.
Claims cannot be avoided in any action. We actively incentivise salespeople to work on trust.
As I pointed out above, salesperson profile/trust is the most important metric affecting sales.
Well, and I'll say it again - it's strange to hope for sales when the seller has only Russian (or one of 7) description of profile and products. The site is in 7 languages. Here even the presence of the English version is not enough.
Strictly, if you make it compulsory for a freelancer to produce a video of showing prototype, finished indicator or EA working, order should not be placed.
This will attract people who are confident of their competence and skills and filter out coders who are looking for ideas to generate signals.
That is amongst the most ridiculous suggestions that I have ever read!
Do you honestly believe that the coder should code the EA or indicator before an agreement is reached and the funds locked?
The customer could have 10 different coders working on the code and definitely at least 9 of them will be wasting their time as they are never going to be paid for the work.
If you make a survey, it will surprise you to know that at least 90% of coders have done or doing the job not to make money for their time or labour but to get ideas to generate quick money.
Absolute rubbish! Please quote your source.
Where did you get 90% from? You must have just plucked it from the air. I have never seen anything about such a statistic.
Please do not just think of a number and then post it as if it is fact.
Freelance service is being used by coders looking for ideas for their own use rather than to really sell their labout.
How can you explain the unrealistic prices they accept to do a job?