I’m beginning to think that this business is similar to having any other financial portfolio–diversification is a good idea. I’ve generally gone exclusively rev share now for over a year in the biz, but I’m beginning to think that it wouldn’t be a bad idea to have a few CPA deals as well as a few rev share deals–to sort of smooth out some of the volatility, as it were.
It’s also been mentioned many times before that putting all of your eggs in one basket is a bad idea, because if the program goes south, or your earnings one month go south, it’s like starting all over again. I work very closely with maybe 3 or 4 sponsors, but that’s not nearly enough to achieve the kind of diversification I need in order to have a smooth income level each month.
Envy–I’d also be interested in knowing what kind of ratio of RMP’s (real money players) you’re seeing each month in comparison to the 200 players you’re signing up. (More from curiosity than anything else.) The number of RMP’s you’re seeing is going to have a big effect on your earnings. I’m seeing a ratio of 1 RMP for every 7-8 TP’s (total players). And my average player value over the time period I’ve promoted them has been close to $200 over time.
As far as Party Poker goes, I definitely recommend rev share. Same with Absolute and Ultimate Bet. Their retention is just awesome, and as War pointed out, long term revenue streams are great to have.