PeopleString Social Network 10-QPeopleString Social Network QR Code Quarterly Report PeopleString Corp. released their 10-Q quarterly report on May 21, 2012 and the managements discussion and analysis regarding the social networking operations are revealing. About PeopleString The incentive based social network allows users to aggregate their combined business, personal, and social communications into a user-friendly online portal. In addition to the functional benefit users then earn incentives through their online and offline activities of their own personal social network. Since January 2011 the insta-portal has provided means for users to incorporate their favorite sites onto their PeopleString homepage. This was intended to keep users interfacing with the PeopleString social networking service. Increased traffic and page views through the service of course means increased advertising and affiliate revenue to be shared among the PeopleString members. Additional marketing platforms were introduced throughout 2011 and included PeopleDeals and Marketplace The PeopleDeals platform allows businesses to easily use social networking tools effective between businesses and customers in hopes of increasing their brands awareness, loyalty, and ultimately sales. The marketing agreement with Cameo Stars provides consulting and marketing services to the PeopleStrings ShareitUp platform. What is critical for the PeopleString social network to succeed is an ever growing user base. This is necessary not only to increase the incentive based social networking revenue but also to attract even more advertisers and market affiliations. This would be expected to increase advertising revenues. What I've seen in my own down-line is no doubt similar to the overall PeopleString social networking dilemma. It's always nice to greet a new member who joins as as first time user but to succeed that user needs to be retained - become a repeat user of the social network. And, ideally, that user would provide referrals for even more new members. Unfortunately that is not typical. New signups are not difficult however service retention is problematic. This may be what is, in part, responsible for the dismal net losses experienced by the PeopleString Corp. and documented in their quarterly report earnings accounting operations. PeopleString management has indicated that funding is presently insufficient and documented in the quarterly report at $193,365 (as of March 13, 2012). to maintain a minimum level of operations for the next 12 months. While they do intend to continue services and operations of PeopleString offerings it's likely that the expenses of sales and marketing, advertising expenses, and general operations costs will increase consequent to Peoplestring promotions. If funds remain insufficient then it's possible additional debt financing, equity funding or money borrowed from banking institutions will be sought to fund PeopleString operations. Bankruptcy protection is another consideration if Peoplestring fails to obtain adequate additional financing. PeopleString Forecast Who knows what the future holds but as a PeopleString member I am concerned. I enjoy the PeopleString services. Aside from trickling earnings for using a service I would use even if there were no financial incentive (specifically the recall email and consolidation of my business, personal, and social communications through the instaportal technology) I'll admit some hesitation in aggressive recruiting efforts. Aggressively obtaining referrals for a floundering dot com isn't exactly the most constructive use of time however at the same time - it's in everyone's best interest to do so if we are to enjoy the services and earnings doing what we already do. The present quarterly report financial condition of PeopleString Corporation does raise some red flags in that regard. The decreasing PLPE.OB stock value also appears a warning indicator. With all the recent talk of social networking in the news perhaps the fizzle of the Facebook IPO is responsible for some of the blame; it's possible that once this stabilizes then the PeopleString incentive based social network will take trend in a positive direction as well. Let's hope the next PeopleString quarterly report reveals more inspiring figures.
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If you found a dollar on the street would you pick it up? How about a $0.50 piece, quarter, dime, or nickel! Chances are most of you would. There is something inherently pleasing about finding money - however small, and claiming it as your own.
Have you taken coins from your pockets at the end of the day and thrown them into a water jug, piggy bank, or coffee can for a year and tallied the amount you've accumulated at the end of that year? The results are surprising aren't they? The two examples above are how you should be thinking about your Peoplestring earnings; especially those with no or small downlines. The few cents, $0.50, dollar or whatever you've earned for a particular day certainly don't sound to be that much. However, what did you actually have to do in order to make it? Basically nothing. You're doing what you already do on the internet anyway. I'm astonished at the sheer number of people who cry foul because PeopleString isn't earning them $1000/mo. As with any endeavor, the more work you put into it then the more reward you can potentially reap. Using PeopleString is no different. For the average, casual user People String is like finding coins everyday - and as long as you use it - then you are assured of earnings. For the business minded and those wanting to put in the effort to build a considerable downline and develop PeopleString as an social marketing enterprise then the components are in place for that as well. Casual or business minded alike have the same zero start up costs - and that to me is what is significant about this program. Internet marketers will try and convince you that the road to riches on the internet is a paved electronically guided superhighway and certainly, for a select few lottery winners - it is. For the rest of us - it's a constant battle of trial and error, avoiding one scam after another from sometimes the same internet gurus allegedly making the big bucks. Rest assured however that for the most part, they're making the big bucks offering you "secrets" that never earned them, or likely anyone, else a dime. Even if you've thought Google Adsense, Amazon, or Ebay stores are sure things, think again. Websites monetized to earn through the search engines are extremely volatile methods of online earnings and getting any to earn is no small task - and rarely without cost. At a minimum you have domain registration (generally $8 to $20/yr for most .com, .org and .net domains), and website hosting ($4 to $10/mo) fees - and you're still not in business. You still need a well designed site with original, unique content. Sure, you can do it yourself - if you know or willing to learn how (now think how long that is going to take). If you buy one - add that cost into the mix (earning sites generally sell for about 10- to 12 times the cost of monthly revenue). So, want to buy a site earning $500/mo? No problem, you can buy it at auction (if you're lucky) for about $6,000. Sounds good until the next Google search algorithm knocks it out of the rankings two months after it's transferred to you. Now you're stuck with a site not earning you anything. By and large, sites with significant traffic and earnings through the search engines aren't making money unless they're on the first page of those search engines. And if you think getting or keeping a site on the first page is an easy task then you're already set - start your business offering this to others because it is not easy and it is not cheap! What I'm getting at is that there are no quick, easy paths to internet wealth. PeopleString isn't offering a get rich quick method. It does however provide anyone (even casual users) with a reliable, steady way to toss coins daily into your coffee can, piggy bank, or water jug. There are no start up costs to regain - no domain, website hosting or maintenance fees. There is no credit card information required. You don't have to struggle and figure out how to get anything to work in order to pay you. Earnings are immediate and the premise is easy - use the internet portal for your daily computing activities and you will earn. You're doing these things anyway and believe me - these coins add up! Get your share today! Sign up on PeopleString and I will guide you every step of the way. |
PeopleString Features and Tips
These basic PeopleString features and tips may prove useful for the general user of PeopleString. Archives
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