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I was wondering if it would be profitable to run a faucet. I'd imagine you'd get most revenue through ad revenue, but does someone have first hand experience running a faucet?
If someone has, did you make any profit or were you mainly doing it because it was a fun project to try out?

Faucet is still very lucrative today, you actually generates money through cpm and cpc ads but your success depends on the number of people that you registered.

Yes, Faucets are still very profitable today. You win money just by the amount of traffic it generates. Thus, you can add even more value just by adding advertisements and signing partnerships.
Many faucets advertise with their referral links, turning this into another source of income as well.

Oh cool, I had no idea, my first thought was that if there was any profit, it wold be pretty small.

Are there any open source faucet scripts out there maybe?

I just started my faucet (http://coinables.website) recently and it has not been profitable. The problem is that there are so many faucets you have to do something different to stand out and generate traffic.  The one I just completed has high payouts, a dice game and a referral bonus.  The traffic has been great, but I'm keeping ads to a very minimum so currently losing money. But that's not uncommon for new ventures.
If you try to start a faucet and put your payouts low and load your page with ads so that you instantly start making a profit, you can almost guarantee users will go elsewhere and along with it your ad revenue. It's a bit of a balancing act.  Good luck!

There are many free open source for faucets just search the development section of this forum or simply search google for it.

It's basically hard these days , there is too much competitors on this area & Freebitco.in and Moonbit.co.in are the most known and famous .
So what you should take in consideration is that your faucet should give the highest payout around and in the same time nothing too big otherwise you won't be making any profit , You should also build your own using Blockchain.info or BlockTrail.com API instead of using Microwallet or FaucetBox and simillar websites because people like something simple and don't like to use third party websites . one more thing that if you want profit you should ask people to disable their Adblock .
If you do all that then you will more then likely get shitload of traffic . for Advertising I don't think you should pay because you are giving away free money so just make a topic on Bitcointalk and sumbit it on Reddit from time to time and you should be fine .


That was earning money part , now so you don't lose as I said you need custom coded faucet and add many features on AdminPanel for example detecting IP's and stuff so you ban people who claim using several accounts because you should know that some people make multiple accounts and even using BOTS .

I took some minutes to access and look at your faucet website and I discovered that it is not properly monetized.

Not at all. I run a faucet (http://www. shamrock-faucet.com (http:// shamrock-faucet.com)) and the ROI is very low, some months it barely even pays for itself. You're better off finding a job which pays in BTC

Your website http://shamrock-faucet.com is monetized through a CPC network and how much cpc do you earn on that forex trading adverts.
Try to include a cpm network and see more results.

"properly monetized"

I looked through a lot of faucets, and they are disgusting with pop-ups and so many ads it gives me a headache. My site is geared towards the customers and not padding my pockets by putting up so many ads that the site is nearly un-usable.

I have to say that I agree with you, your faucet looks very clean without any ugly, obtrusive ads. I'm wondering if it would be possible to have the best of both worlds, a clean looking faucet, but still profitable through advertising in a non-obtrusive way.

Thanks enternalgloom. That's my plan, I'd like to create a better faucet experience for the user but not go broke at the same time. I don't know if can, but I plan to find out ;)

What CPM advertising network would you recommend? Thanks for pointing that out.

I have a couple domains that can be faucet related if you wanna buy haha

https://bitcointalk.org/index.php?topic=1146660.0

Thanks for the offer, but no. I'd want to choose my own domain for sure :)

If you want to be successful with this, start out with some of your own money to bump the payouts. You will have to come in with a above average payout, to gain a big user base. Once a established user base has grown, you can
get better advertisement income to substitute or replace your funding.

So at the start, you will be losing money, but as your faucet grow bigger, you will start to break even, and then start to make up the loss, and only then show a profit. The faucet scene is a science of maths.  ;)  

Integrating one - or several - RSS news feeds to auto post to the faucet in a sidebar could attract more visitors too. Or at least get them to stick around longer to improve your ad rates.

Yeah I figure, you'd need to set aside at least a couple BTC's for the first weeks/months.
Another thing I was wondering is if it would be a good idea to require people to make an account on you faucet before they can use it?

I just planned to start faucet with faucetbox & gradually go for custom script with earning, just in 2 days thousands of visitors came for claim, I immediately need google adsense, But don't know if they approve my site or not, as it is one week old domain only.
 

Do you have a youtube and an older domain laying around? You can register for adsense on your youtube account and then connect an older domain for approval. Once approved you can put ads on any site as long as you add it to your adsense admin/dashboard without further approval.

People hate creating accounts for anything, even if it is free money... :)

That is the reason, I don't have old domain, Is it I have to wait 6 months to get adsense approval now, then it is too bad, as I am not able to see any good site for earning through my faucet.

Why do you only want to use Adsense? Adsense is ppc when you can have ppv? Like many people would click the adds right? No, instead the following would be more intrested;

- Placing adds with referal links to casino's and so
- Placing adds with referal links to other faucet (a faucet list)
- Selling adds space for btc on it (i forgot the name of the website)
- Social Media (Add twitter, facebook and sell messages/tweets)
- YouTube (Make a youtube video thats shows you get free bitcoins)
- Make your own faucet script, so you can control the outcome, make one with a jackpot like 1/1000 will win jackpot of 0.01 btc or something like that

I own some prime domains for a faucet imo, if anyone is interested in making one perhaps. I just cannot handle the tech side.

I prefer to running faucet rotator, which you don't need to deposit your money and you still earn from reff commision and ads network.

 Why not combine the two?

 We are aiming at creating a faucet AND another faucet rotator which will have our faucet at first and move along for hundreds of other faucets.

Thanks for giving this tips, but this is all headache for new user like me & it will take lot of time & I always have to search for new advertisers or affiliate program.

If I get adsense then all headache is of adsense & they always having new advertisers to show for my faucet users.

True, im in this business for a long time now so i know my why. Might even create a new faucet script that fits my wishes =] (Just because i could not find any online that matches it).

Its simple, if you want to play it simple and might not even break even (depends on the domain name and your skills aswell) then use Adsense, if you want make some more add a faucet list + refferal links and banners on your page and you might gain some money

If you can manage it, why not, but it's need to more effort for manage both.
i'm sure your coins will be circulation for refund faucet balance.

I really need to start catching up on learning web development.  This could be an easy project for me to work on, on the side...if I only knew where to start.

It is easy

1) Create a randomizer that picks a random price (or do one prize like 0.00001 btc or something)
2) Connect to the blockain api (easyest way) to transfer bitcoins from your account to theres
3) Signup for some refferal casinos and place the ads on your website

I take that with a faucet rotator you are only collecting from referrals. You do not have to give out any satoshi to visitors but you do not make anything on ads?

True this is an option aswell, just iframe faucets =] Something like this

http://imagedrop.nl/users/public/v887bitcoin-rotator-template-1w72.jpg

I think it's too risky to run a typical faucets nowadays. Well, I mean... it is hard to calculate the amount of Bitcoin you're giving out and what you're earning for ads. Thus, I created BitRevenues. A service which share it revenues to its users. I will be earning at least 0.01 BTC every time a round ended. There's no need to do mass calculation to find out if you get a profit. You just need to predict when will a round end and minus it from the hosting and domain fees - the result is your profit. :).

I wouldn't say running a faucet is risky, the initial investment you'd have to make to have one up and running is actually pretty low, if you could build the faucet yourself.

Well. I agree that the initial investment we have to make is very low. However, the problem is the calculation part. Whereas, you need to calculate every now a then so as to make sure you will not give out more satoshi than you make.

This is easy, just put all the giveaways in a database en sum them up month by month and compare them with your add income :)

Yeah this is how I had planned to do it. Do you have any idea of the popularity of faucets nowadays?

I have no idea, that is why i want to try it myself someday, to many projects =]

You need a lot of traffic in orderfor it to become profitable. Good luck with it!

Yeah same here, this seemed like something I could get done quickly, but the more I look into it, the more time I reckon I need :)