So what about credit cards and bank accounts that have no annual fees (essentially free to use)? I suppose your money is the product being sold (in terms of interest) in this case.
“Envy consists in seeing things never in themselves, but only in their relations. If you desire glory, you may envy Napoleon, but Napoleon envied Caesar, Caesar envied Alexander, and Alexander, I daresay, envied Hercules, who never existed.”
If the majority of your revenue was from the small & medium accounts, why not just create a single plan, remove the lower plans entirely? Why continue with the personal plan if that resulted in higher turnover and less desirable customers?
Because the two smallest plans, while having high turnover, have also ultimately generated 65% of our revenue. So at this point, they're still a very important part of our customer base.
As far as only offering one plan, it simply doesn't make sense for us. Our costs go up based on the amount of usage, so it makes sense for the price to go up for customers who use more resources.
There's also a psychological aspect. Although I don't think it's as important on the lower end, as opposed to the people who believe they're actually being somewhat frugal by not choosing the (often mostly superfluous) "deluxe* version.
If you really wanted to follow your favorite service provider, wouldn't you just friend them on facebook or follow them on twitter? The relationship is already there, so wouldn't reviews be unnecessary?
I know many hair stylists, and since they only rent seats usually at places, they are pretty familiar with their clients. They already friend on facebook, follow on twitter, or have email addresses and phone numbers.
Agree with the reviews. Also its sort of hard to trust the reviews from people that chose to follow you, meaning they already have a good relationship with the provider. This already puts their review into question.
I'm not really friends with my hair cutter but i do hate when they leave and next guy just has to learn all over again how to avoid making me look like a soldier.
We promised Ed Nacional we would never publicly release the rate but I can say that the the majority of the $5K was spent on both the brand identity and URL.
While I was going through the process of selecting a designer, I went through a very long list of portfolios and selected Ed who was an up-and-coming designer at the time. He's much more expensive today as his portfolio and design skills have matured.
refreshing to see definitive idea selection and validation stages in your process. too much of the if-you-ship-it-they-will-come ideology on hn.
does the $5k price tag factor in the value of time you and your partner spent on this project? at the minimum you had to live somewhere and eat something...
I was hoping to learn where the 5K was spent as well and looking at the level of work http://ednacional.com/ does I would bet most of that money went there.
I wouldn't say it was a total failure. You learned something, and you can always reuse code (such as the 700 lines for credit card payments) for other projects.
This works if you need to give friends or family access, but what about taking it one step further by using a finger print scan + security PIN? Trying to fiddle with your phone from your pocket and opening an app or sending a text message can be just as cumbersome as looking for your keys.
I think what he meant was that you have to consider a hefty tax burden come April 15 because, as a contractor, you don't get taxes taken out of your paycheck. This is where having a good accountant and knowing what expenses you can deduct comes in (to reduce your taxable income).
If for nothing else, you should have a business just so you can claim more expenses and reduce the amount you have to pay Uncle Sam (from my understanding, all you need to have is a profit motive -- not necessarily profits).
