As we approach the end of the first year I thought it would be a good idea to provide you with an update on our progress at TycoonGamer.com as one of my key objectives was to create a sense of ownership amongst the community. This is an honest appraisal of the sites performance so far set out a bit like an annual report (although hopefully with a lot less confusing numbers!).
Expenses this year were hosting, vbulletin license and the cost of the domain (which was kindly donated by Jon from URL-Mart.com) although there will be an ongoing cost of renewing the domain in future years. The only source of income was through limited advertising on the site.
Advertising ($6 @ 0.571) £3.42
Hosting (£11.75 x 12 months) £141
Forum License £43.76
Net Profit / (Loss) (£181.34)
These losses are not sustainable in the long term as they are expected to grow significantly as the site gets bigger as more webspace and bandwidth would be required.
TycoonGamer now has over 600 registered members, an increase of about 250 members in the past 6 months. Less than half of these new members has actually posted a message in the forums and this is something that must be addressed. A measure of our success next year will be converting more of our registered users into regularly visitors and contributors to the site.
Less than 600 new threads have been created during the year and this might partly explain why new members are reluctant to make their first post.
2006 Scorecard Objectives
The site should be operating at a monthly profit by the end of the year
2000 registered users
75% of registered users should contribute at least one post to the forums
Increase community involvement in future decision making
The foundations of TycoonGamer.com have now been put in place and it is now time for the site to grow its community throughout the next year. I would welcome any feedback on what you think of the story so far and any ideas that you think might help us achieve our objectives next year.