egmike
egmike on Hacker News
Just a thought, but maybe consider offering the ladies a bigger percentage? They're the ones doing the actual answering and you're taking 50%... Or, maybe increase the cost per question so that they get paid more (but still, you should probably give them a slightly bigger chunk).
Just a suggestion though, maybe $1 is enough.
Thanks for your response. I actually don't know how wealthy the group is/will be because I haven't actually figured out the target just yet. I have an idea of who the product will benefit, so I'll be trying to reach them and see how they like it. :)
I'll certainly be doing a/b testing, but could you elaborate a bit on interpreting the data correctly please? I know I shouldn't just look at the numbers, but I get the impression that you may have some specifics on interpreting the data that I'd love to hear.
Thanks for that, they'll definitely be additional plans! :)
It's more subtle than that: you need to discover what the current features are worth to people. You might be surprised to find that value is higher than what you would think, regardless of the number of features... As for the psychology of it, people are ok with paying less for something that used to cost more, but the opposite situation can create resentment.Very, very good points, thank you again! Wow, it looks like I've got some thinking to do.
Anyway, the gist of it was: at too low a price (e.g., $1, $2) people just don't bother getting out their credit card to pay for something.
Hmm... interesting. Thanks, I'll look into this.
Also a very good point, thank you for that! :)
Very good point, thank you. Yes, I'll definitely be testing the pricing, but since it's a new service I'm trying to avoid people not subscribing for silly reasons like "it's too cheap" or something.
Annual subscriptions are a good idea, thank you, and thanks for the references.
Thanks you two, that's good advice... and I'll definitely be offering multiple packages for premium usage. :)
Thanks for your response. Hmm... see, I used to think starting with the higher price was better, but now I think it definitely depends on the feature set at the beginning.
Right now I'm planning on launching it mainly as a Minimum Viable Product, so I'm thinking of starting at the lower price and raising it as features are added. I think that waiting to see if people buy at the higher price may take too long, since I'll be trying to validate whether people are willing to pay for the product at all.
For the yearly price, do you mean remove the monthly option entirely and replace it with the yearly option? Are people more likely to spend $24 or $36 upfront than $3/month? I was planning on offering a yearly option at a discount...
Posted by
egmike on Wednesday October 20, 2010 @01:08PM
from the ask-hn dept.
I'm looking at pricing for a new B2C-based SaaS, and I'm wondering if going with $2.95 or $3 per month would be considered "too cheap." Does anyone have any experience with this pricing that they'd care to share?The reason why I'm asking is because the first time I saw a $2.95/month price plan a few years ago, I thought to myself "that's too cheap, they must be skimping on something." It was...
Another option is Spreedly. They store the credit card information internally (they're DSS compliant), so that you can switch merchant accounts/gateways as needed. If you want to transfer out of Spreedly, they'll work with your new provider to get the CC data out to them (it has to be a secure exchange).
Good advice, thanks you two!
Interesting. Any other recommendations on how to secure regex's that take in user input in Ruby/Rails?
Posted by
egmike on Monday August 30, 2010 @12:06PM
from the self-post dept.
Hi all,<p>I've been trying to find a good merchant account for a Canada-based SaaS startup (the payments will be in US though). I plan on using a service like Spreedly as a gateway, but I'm not sure which merchant account to choose.<p>I was looking at BeanStream, but are there any other good/better ones that can be used from Canada?<p>One other thing is that the volume will be...
Interesting points. I'm leaning towards having PayPal as an option, but I don't think I'd use them as my main provider, at least not for long... Thank you both.
It certainly does help, thank you Ramit. Have you done any split testing to see if your conversions increase with PayPal though? Any thoughts/data on having PayPal as a secondary payment option, for those who prefer it?
Posted by
egmike on Sunday August 22, 2010 @07:52PM
from the ask-hn dept.
Hi all,I've been wondering about this for a while. It seems as though there are a lot of people out there who would prefer to use PayPal to pay for things online, either due to lack of a credit card, or because they already have a PayPal balance from selling things online, or even just because they feel PayPal is secure and/or familiar.I've searched the 37signals' website and blog for a reason,...