Here’s my take on Bitcoin:
If you give $5000 to any of these people, who do you think will spend it most wisely:
1: A 6-year-old child. 2: A 14-year-old teen. 3: A 25-year-old adult. 4: A 60-year-old senior citizen.
My point is that most people would naturally invest more money in something known to be safe, with many years behind it and a positive reputation to back it up, as opposed to something relatively new and experimental. On the other hand, all the big names and trusted options in Investing were once new and experimental, and the quality of their service earned them the success they have today.
My advice to anyone considering Bitcoin would be:
If the water isn’t clear as crystal, you should examine it first before jumping in.
People sometimes complain about threads like these, but not when they hit the big numbers themselves.
Obviously you’re doing something right if an item of yours was featured. Congratulations!
Oddly enough, I’m just 1 away from 300 of my own.
I know, it took just 3 hours for two of my sounds to be rejected. How great is that?
But seriously, I wonder what’s up for reviewing to go this quickly.
Brian Tracy often mentions what he calls the “80-20 Rule” or the “Plato Principle.” In this case, it would mean that 80% of your sales will come from 20% of the items in your portfolio. Take the items in the top 20% of your portfolio and see if you can find something they have in common that causes them to outperform the rest.
The track needs some serious work. The harmonies and even fundamental bass notes you are using don’t work. Timing on a ton of the notes is off. The saxophone sounds terrible.
If you can elaborate on what the author can to do fix what you’re describing as problems, it’d be a lot more helpful to the author.
I can think of at least two ways it would benefit not just the buyers, but authors and Envato itself as well.
1: Ability to use their items as many times as they want without having to renew each license.
2: Peace of mind, knowing that what they buy is what they keep, along with being able to save them for later use.
1: Multi-use licenses can be added as an option, in addition to single-use licenses, but at a higher price. This means that buyers will have more flexibility to buy a single-use Regular license, a single-use Extended license, or a multi-use version of both.
Since buyers like to get the biggest bang for their buck, it only makes sense for them to buy items with a long time perspective in mind.
2: Increases sales and more profitability from portfolios. If buyers see the option of multi-use licenses, they will be more likely to buy packs of songs and sound effects, in addition to more extended licenses. When people buy either these days, they would like to be able to use them over and over again with the peace of mind that they can keep what they bought.
1: Reduced sales resistance and Buyer’s Remorse.
The fact that Audiojungle currently offers only single-use licenses is a liability to the company and everyone that operates under it, including the authors and the buyers. Having the multi-use option will make shopping on Audiojungle much more convenient and cost-efficient. People will invest more money into the Marketplaces when they know that their items will last them a long time.
2: Increased growth as a result of removing a competitive disadvantage.
Seriously, multi-use licenses are in supremely high demand here on Audiojungle and on other branches as well. Single-use only licenses is causing the community and the corporation a lot of problems and frustration. Multi-use licenses will give referrers another key reason to bring in more people.
As for the pricing, it can work like this:
Make each multi-use license 2x that of the single-use licenses. A $10 music track under a regular license costs $50 under an extended license. But even with the extended license, the buyer can only use it once before it expires.
With a multi-use Extended license, the song would cost $100, but if the buyer wants to use the song 10 times, instead of having to pay $500 total for each single use, the buyer only has to pay a fraction of that and can use it without any constraints on how many times it can be used. The buyer saves $400 and the author earns twice what he would earn from an extended single-use license.
As a sound designer, the only reason I don’t buy packs and packs of sounds from other Audiojungle authors is because I can only use them once. After that, they’re useless without first having to go back and buy all the licenses over again.
How many buyers actually come back to buy a 2nd license, anyhow? Wouldn’t it be easier for everybody if nobody had to do that? It would make life so much easier for people, especially for a sound designer, and I’d actually buy some sounds from here!
The number 1 thing that stops me from buying anything on Envato is the fact that I can only use it once. If that changes, then I’ll be grabbing all the sound libraries I can get because I really need them, especially at this stage of my career.
Envato, do yourself and everyone else a favor and bring in multi-use licenses. The demand is there now, more than ever. Do it as soon as you can; make it a priority. There is so much to be gained from this and you definitely won’t lose much if you do. All you’re doing is adding a couple extra licenses with the same basic terms as the single-use versions, but with one key difference:
Buyers will not have to worry about being sued by somebody because they accidentally used an item one too many times.
Audiojunglers, buyers and authors, brothers and sisters, whoever’s in favor of using multi-use licenses, say AYE!
(And don’t you dare say a word if you’re not :P)