Note: This is in no way what we are planning to do, or even thinking about. It's just me talking out loud, and thinking in terms of 'what if'...Could be a fascinating vision of the future though ;)
So it all started with an article that @achim03 did yesterday. And a little tidbit he mentioned in his article...
An innovative form for Membership sites
When you join a restricted member area you are often asked to leave your credit card information so that every month a certain amount can be deducted from your card. Now imagine that instead of asking for recurring payments, you ask for a one time membership fee. You take this fees and you power it up 100%. You delegate this stake and get a return on it. For every new member that you get, your stake and your return will grow. The more members you have, the bigger your daily income will be. No need for credit cards. No need for recurring payments. Just another way to build your business.
If you have been involved with online business for any amount of time, you'll know a few things;
But as a customer of these programs and services that are offered by the companies, the allure of 'a one time payment' is very attractive. We have more money coming out of our pocket every month as entrepreneurs then we'd like to admit...So paying for something once and getting access to it for life is...A no brainer.
But going back to the 'few points' that an online entrepreneur is aware of...It's all about the recurring subscription and having someone pay for something once, isn't the best strategy. Recurring income is the lifeblood of your online business.
Now people on the side of killing the inflation on the blockchain won't be fans of this. Personally, I think interest and desire for the token would be a better solution than killing inflation completely. And HBD to this day, confuses me as to why we even need it...But that's a debate for another time.
The point being, we HAVE a recurring....DAILY in fact...Income model built right into the blockchain. Hive Power!
Let's throw some numbers out there for fun and see what we come up with:
Bob's Online Business decides to implement this crazy new idea where customers pay for their product or service, on a one time fee of say....500 Hive. (Current exchange would be about 160 bucks)
They offer the service they provide is a 1 time fee of 1000 Hive , and their customer never has to pay for anything ever again. So far, the customer is VERY pleased....
But what about Bob?
Bob can't possibly create a sustainable business on a one time payment of 160 bucks...Unless....
Hive's current inflation is between 3-4%...So Bob's staked Hive gives him a return of 30-40 Hive per year. And it's paid daily over the course of the year...
Still....30-40 Hive a year isn't going to set the world on fire even if we 10x...But but but....Here's the online business model that we would place this on...
We shoot for a goal of 1000 paid customers!
Let's plug that into the equation and see what we get:
1000 Customers x 1000 Hive Each = 1 Million Hive
1,000,000 HIVE Staked Returns = Approx. 28,571 Hive Per Year at 3.5%
Now we're starting to see some returns come into Bob's account daily that isn't chump change. It's not going to make him wealthy, but he's still got the 1 million Hive, powered up. He can delegate it to create even more returns and who knows where the price of Hive will be in a year from now...
Sure there are a ton of variables. But it just makes you think....
Heck, you can even put an affiliate program into the daily Hive returns and pay out to your affiliates as well.
So many things to think about....
But again...This is just a crazy idea @achim03 spoke about that I've been thinking about for 24 hours now, non stop.
And hey, online entrepreneurs are always driven by the 'what if this works' question...What do you think?
Does this have legs?
Potential to change decade old industries?
And finally bring online entrepreneurs in droves to the blockchain?