Posts by digitalscience

4505 posts Love & Light
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digitalscience says

I think most investors knew it wasn’t exactly a legitimate company, but with gains of over 20 000% I think a lot of investors jumped onto the bang wagon to make a quick buck – that’s if they pulled out quicker enough before the SEC suspended trading :D

4505 posts Love & Light
  • Elite Author
  • Sold between 250 000 and 1 000 000 dollars
  • Has been a member for 7-8 years
  • Author had a File in an Envato Bundle
  • Most Wanted Bounty Winner
  • Interviewed on the Envato Notes blog
  • South Africa
+3 more
digitalscience says

I think the video should have titles so we know who’s who.. for example I think the person sitting on the steps is from ThemeFusion? right? and I’m pretty sure that’s Adrien playing chess :D otherwise not too sure who the rest are

4505 posts Love & Light
  • Elite Author
  • Sold between 250 000 and 1 000 000 dollars
  • Has been a member for 7-8 years
  • Author had a File in an Envato Bundle
  • Most Wanted Bounty Winner
  • Interviewed on the Envato Notes blog
  • South Africa
+3 more
digitalscience says

Exactly , I love a joke as much as the next guy. But not at other peoples expense.

I think the backers all know it’s a joke though so they’re willingly giving their money away for a laugh.

The reason why it’s a success is not the product but the idea, it captures peoples imagination and they want to be part of it, which is why it out performs other legitimate campaigns. So I think he’s quite deserving of the attention it’s getting.

4505 posts Love & Light
  • Elite Author
  • Sold between 250 000 and 1 000 000 dollars
  • Has been a member for 7-8 years
  • Author had a File in an Envato Bundle
  • Most Wanted Bounty Winner
  • Interviewed on the Envato Notes blog
  • South Africa
+3 more
digitalscience says

Congrats! welcome to the Plutonium club 8)

4505 posts Love & Light
  • Elite Author
  • Sold between 250 000 and 1 000 000 dollars
  • Has been a member for 7-8 years
  • Author had a File in an Envato Bundle
  • Most Wanted Bounty Winner
  • Interviewed on the Envato Notes blog
  • South Africa
+3 more
digitalscience says

Classic pump and dump.. the crash is going to spectacular :D

4505 posts Love & Light
  • Elite Author
  • Sold between 250 000 and 1 000 000 dollars
  • Has been a member for 7-8 years
  • Author had a File in an Envato Bundle
  • Most Wanted Bounty Winner
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digitalscience says

I think Envato’s put itself into a bad position, it was already a marketplace which sold themes at relatively cheap prices, and over time themes are now bundled with multiple components which makes these items even more ridiculously good value for money and as a result Envato is becoming less of an innovative creative site, but more of “value for money” type of site. This forces authors to be less innovative and creative and focus more on features and value just to stay competitive.

It’s also becoming less easier for single authors to compete and it now takes a team of several authors to put in the hours to build these themes, and also not to mention the support needed with these elaborate feature packed items.

Envato seems to have it’s head in the clouds still and thinks this is not really an issue, but if you read forums and reviews outside of Envato it paints a different picture about Envato, and that it is really ruining the theme industry as a whole with their quantity over quality standards.

And authors have been complaining here about these topics for years, yet no significant changes happen. It almost feels like ThemeForest has been abandoned in terms of major improvements, I feel it’s reached it’s peak and it’s all down hill for here. The focus is really on other start ups like Envato Studio and the next big idea. Envato just wants to keep expanding and extend its reach as far into the creative industry as it can, but it’s starting to spread itself out too thinly, it’s not listening to what authors want or buyers either, it’s no longer a fair competitive environment anymore, it’s difficult to navigate content, the search is poor and eventually the bubble is going to burst and other marketplaces will close that gap which Envato is not filling right now.

4505 posts Love & Light
  • Elite Author
  • Sold between 250 000 and 1 000 000 dollars
  • Has been a member for 7-8 years
  • Author had a File in an Envato Bundle
  • Most Wanted Bounty Winner
  • Interviewed on the Envato Notes blog
  • South Africa
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digitalscience says

Promoting something does not directly translate to sales afaik. Running an advert does not mean someone will click to buy unfortunately :D

Ofcourse not for every click ;) but it’s a numbers game, the more people see the banner, the more chance it will translate into sales. If we take the total number of the 15 top authors sales for last month on PhotoDune which is 13596 and then double that for roughly all the sales in total for a month – lets say that figure is 30 000 sales, from the advertising after purchase if just 1% result in a sale for a particular WordPress author, that is an additional 300 sales per month.

4505 posts Love & Light
  • Elite Author
  • Sold between 250 000 and 1 000 000 dollars
  • Has been a member for 7-8 years
  • Author had a File in an Envato Bundle
  • Most Wanted Bounty Winner
  • Interviewed on the Envato Notes blog
  • South Africa
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digitalscience says

^ I think we tend to confuse “best items” with “top sales” – I guess it’s a psychological thing that more sales means the best item. It’s like saying Katy Perry and Lady Gaga are the best musicians in the world because they make the most record sales.

The top 5 items in each category are on the same level as items in the top 20, but obviously if Envato is always promoting the top 5, they will stay top 5. I’m not saying those items don’t deserve to be there, what I’m saying is we need a more fair system to cross promote files so that we have a more fair and competitive environment. With a fair system, if those top 5 items are deserving to be at the top, they will stay there.. if not other files will take their place.

CodeCayon is different to ThemeForest, because it’s a component site – and ThemeForest is selling complete packages, even with several components included – which means customers on TF can get everything they need from 1 purchase, but on CC they might need to buy several items. So we can’t really compare how CC and TF work as it’s like comparing apples and oranges. My issue is specifically with the monopoly effect on TF which is more exaggerated than other marketplaces.

4505 posts Love & Light
  • Elite Author
  • Sold between 250 000 and 1 000 000 dollars
  • Has been a member for 7-8 years
  • Author had a File in an Envato Bundle
  • Most Wanted Bounty Winner
  • Interviewed on the Envato Notes blog
  • South Africa
+3 more
digitalscience says

I think you’re missing the point amris… if Envato keeps promoting the top 5 items in particular categories, then they will always stay at top 5. It won’t matter from now on how good a file is, they will never be able to get enough exposure to compete with top 5 items. And the more new files sell, the more they promote top 5 items.. it’s a self perpetuating loop hole – which makes the top 5 only stronger and stronger as the years progress. This is why we end up with an exponential sale effect – the data doesn’t lie.

4505 posts Love & Light
  • Elite Author
  • Sold between 250 000 and 1 000 000 dollars
  • Has been a member for 7-8 years
  • Author had a File in an Envato Bundle
  • Most Wanted Bounty Winner
  • Interviewed on the Envato Notes blog
  • South Africa
+3 more
digitalscience says

Based on the curve of the graph.. Envato could cut exposure by 50% on the top 5 files, and increase exposure to the whole community which qualify to be promoted, and it would still not effect those in the top 5, they will still stay above the rest – but everyone else will see a boost in sales. If we keep promoting the top 5, they will stay top 5 – forever :D

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