Wednesday, March 11, 2015

BuyMyStats Bling Features 3D Logo and Vibrant Colors

Do you process data for a living? Or how about for school projects? If so, then you can relate to the work performed at the late startup BuyMyStats. Now part of history, the firm paved the way for bespoke statistical processing firms worldwide.

Such innovation was before its time; the public could not believe the value proposition. You may nonetheless acquire these rare BuyMyStats-branded items. Believe that!

BuyMyStats 3D-Logo Thermoplastic Thermos (BPA Free)

Stay hydrated while working on statistics by drinking from this BuyMyStats thermos.

BuyMyStats 3D-Logo Polypropylene Mouse Pad

Keep your hand steady during intense statistical work by resting your computer mouse on this sturdy, stylish BuyMyStats pad.

Where's BuyMyStats Now?

Gone, but not forgotten. Dead. Dormant.

The BuyMyStats business model was, in fact, profitable. I made $400 from word-of-mouth alone and spent only $100: $90 in my own billable time to code business logic into the website, as well as to test it for unexpected behaviors; and $10 for the domain registration.

The problem was that its market was not scalable, which meant I hit maximum profit right away. There weren't any additional willing customers! And I'm too busy with manual labor and other projects to live comfortably enough to just donate my time; won't happen!

The Woes of Market Limits

Although demand for statistical processing contractors sky-rocketed unsustainably in early 2013, slowed growth reveals that opportunity has peaked.

Why are statisticians resorting to non-institutional, work-at-home gigs if their skills are allegedly in such demand? Shouldn't they have a salaried job somewhere? Something's wrong.

By that measure, I'm no longer surprised BuyMyStats never took off. A post-mortem reveals the doomed startup's inability to penetrate the statistical processing control (SPC) market was mostly because that market was very slim at the outset.

Without a substantive corporate market, the remaining opportunities were as illusory and fleeting as the purported college wage premium. The unfruitful SPC penetration plan yielded to a strategy of guerrilla marketing towards (predominantly poor) graduate students.

When your primary consumers live on student loans, your business is in for a rough ride! A marked lack of social capital troubled the proprietor because there were far too few interpersonal network nodes willing to vouch for the veracity of BuyMyStats' quality.

How many doctoral candidates and undergraduates would trust a total stranger to work on their most critical homework assignments, even for a relative steal at several hundred dollars per set of related analyses?

Even if more than a handful, there was no way for BuyMyStats to profitably outreach to such consumers, beyond playing a solid SEO strategy and hoping they happened to Google "help for statistical analysis" or similar search phrase. That was the chronic hindrance to success.

A Merciful End for a Stillborn Startup

The decision to exit as BuyMyStats manager was made much more easily when its domain host discontinued service! "Excessive mail" was the official reason the domain host gave when claiming BuyMyStats violated the shared server farm's terms of service.

I chose to not re-launch the statistical service because it’s no longer a directly monetizable service. (Neither are my anti-university propaganda websites, but their continued existence helps people save time and money by persuading them to forgo the university experience.)

The namesake website is maintained by someone else as a no-frills blog that simply lists definitions of statistical terms and brief explanations of which tests to use when and how. In other words, the current BuyMyStats website -- of which I'm not affiliated -- mimics content you can find on practically hundreds of other websites.

By contrast, the BuyMyStats service was one-of-a-kind. That was for a reason! Two, actually: Not enough of a market; and difficulty in developing new markets.

Why the Service Remains Offline

To perpetuate BuyMyStats would send a mixed message because most potential clients -- people who need statistical processing services -- are "highly" educated in the sense of sacrificing years of practical work experience to instead devote themselves to spending months at a time on studying something of no interest to most of the population.

Those who stand to benefit from statistical processing are therefore in the minority and difficult to source as referred customers or "leads" unless you've an ongoing institutional affiliation.

With that said, there are many more under-employed college graduates who are unable to enter the field of data analytics than are actual data analysts or so-called "data scientists." They have also been turned away from related jobs, such as associate professor opportunities.

That's why most aspiring data analysts are frustrated in their (predominantly futile) attempts to enter the industry and be on the organizational payroll. Citizen journalism often exploits open data sources, but chances are slim to none they'll have any insight that could reasonably be monetized.

This goes full circle to the mission of the University Accountability Movement: To hold state-funded and other public universities accountable not merely for graduation and retention rates (which tend to cause grade inflation) but also for occupational outcomes of alumni job seekers within 1 year of degree conferral.

For insightful details about how BuyMyStats in particular went under, you can read about the BuyMyStats legacy

…Which Is Indirectly Monetizable

The good news is that although the website might be long gone, you can grab these BuyMyStats nostalgia items! Make your hipster friends jealous by wearing apparel emblazoned with obscure ecommerce site BuyMyStats.

They will ask, with a sense of awe, how you snagged some merch not found among even the most voracious collector of Silicon Valley paraphernalia! Your cool reply is that they may get their fix at the BuyMyStats online catalog.

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