But since I plan on keep updating it, I've planned to increase price every time I hit a certain content volume.
What do you think about this strategy? Does it make sense?
Ads here
]]>Ads here
]]>Basically it acts as a load balancer and spreads out your subscriptions across different payment gateways in the back end.
So instead of putting all your subscribers on Stripe or PayPal, it puts some of them on 2Checkout and Authorize.net as well.
It's very unlikely that all your payment gateways will ban you at once.
If you're serious about building a robust and sustainable business online, platform diversification is a must.
Going all-in on anything is hardly necessary and rarely smart, so do it right from the start.
Ads here
]]>It's a small price to pay.
💰 "Sports always have a positive impact on the body and mind, but cycling is the only activity that allows me to completely clear my head. When I'm on the bike, I think about NOTHING except the road and my heart rate. It's really something very special to me!" —Thomas
Thomas doesn't go out to eat much. He prefers cooking. He says it saves him a ton of money — he picked it up when he was low on cash — and he really enjoys it.
Ads here
]]>And if you'd like to be featured as a guest in a future interview for this series, let me know in the comments!
Ads here
]]>💰 "Money is a tool, not your lifeblood. Don't get emotionally attached to it just because of the effort it took to make it." —Calin
You can follow Calin's journey on LinkedIn and X, or check out contrast.studio.
Please note that the above are opinions. This is meant for informational purposes only. It is not intended to be financial advice.
And if you'd like to be featured as a guest in a future interview for this series, let me know in the comments!
Ads here
]]>https://chat.openai.com/g/g-ZK8zdSiQT-solvo
If you want to adjust your discount rate, just ask the chat to change the rate. It makes it quite easy to see how money spent is worth so much more than money invested.
Anyway, enjoy. Let me know if you have questions, or suggestions, or whatever. Have a great weekend!
Ads here
]]>💰 "With this, the budgeting is essentially "forced" because I only get $300 in my personal card a week. That's all. If I spend it all, it will get declined until the next Friday when I get the next $300. Same principles for groceries and dates. Savings is at a different bank so it's not so easy to do a quick transfer if the Central Bank is running low." —Verdi
Verdi has big ambitions money-wise, but he also has his reservations.
💰 "Having lots of money is actually a very difficult position to be in. It requires more discipline to be a good steward of those funds. It also exposes you to a greater level of temptation that reveals the ugliest part of your character." —Verdi
Ads here
]]>As a designer himself, he's outsourcing development for Kyugo, and that costs him $1200/mo, which isn't bad.
As for his personal costs:
So he's totally self-funded, thanks to his design agency. He's not opposed to investment. In fact, he was looking for an angel investor in the beginning, but the terms he received were unrealistic — the investor insisted that he relocate to another country and bring on a co-founder.
💰 "My main goal was to put the idea out there. Make it happen, make it a reality. So I was ok with “burning” money on it, just to make it happen. I set a budget that I would allow myself to lose in order to release Kyugo." —Tom
Ads here
]]>You can find Martin at martinlasek.com or check out WishKit.
Please note that the above are opinions. This is meant for informational purposes only. It is not intended to be financial advice.
And if you'd like to be featured as a guest in a future interview for this series, let me know in the comments!
Ads here
]]>💰 "Life shouldn’t be about suffering. If you know buying something will make you happy, just buy it. It keeps your motivation high and helps you enjoy life." —Alexander
So he doesn't budget every dollar or track his spending granularly. He only has a vague idea of how much he should be spending.
Instead, he has multiple "backup reserves" for when things go wrong.
He has $15k that keeps in his savings that he only uses in case of an emergency. Another backup is liquidating his stocks. He admits it's not an ideal backup, but it's there if he needs it.
Ads here
]]>And if you'd like to be featured as a guest in a future interview for this series, let me know in the comments!
Ads here
]]>He doesn't have any debt and pays off his credit cards in full every month. He also pays them off early if he notices that the balance is over a couple of thousand dollars in total.
Keeping them near a zero balance and paying them off monthly decreases credit utilization and boosts his credit score, which gives him more leeway if he ever chooses to get a loan.
Ben keeps business and personal funds separate for legal liability reasons, as well as to make accounting easier.
He formed a holding company as an LLC which is ideal for him because he's experimenting with several business ideas and LLC paperwork is costly (in more than money). When a new product is expected to make money in the near future, he sets up a DBA (doing business as) under the LLC.
Ads here
]]>Anyone has had good experiences with other payment platforms (not Stripe or 2Checkout) that they can share? We're applying to Paddle.com now. I think part of it is that we need to do some work to communicate our value prop better on the site though. Any feedback welcome.
Ads here
]]>You can find Frank on Twitter and LinkedIn, or check out Salesforge.ai.
Please note that the above are opinions. It is meant for information purposes only. It is not intended to be financial advice.
And if you'd like to be featured as a guest in a future interview for this series, let me know in the comments!
Ads here
]]>His mom doesn't really care about money. If she goes into a store, she'll probably come out with some random thing.
And somehow it works, though... probably because they keep their finances separate.
Angus identifies more with his dad's spending habits, as there isn't much that he wants to buy. And he's no stranger to cheap canned tuna.
You can find Angus on Twitter and check out Bank Statement Converter.
And if you'd like to be featured as a guest in a future interview for this series, let me know in the comments!
Ads here
]]>His main advice for fellow indie hackers?
💰 "Do not use credit cards to pay for your business unless you are 110% sure." —Andris
He used credit cards for a business once. It failed. Luckily, his limits weren't very high, so he was able to pay it off in a little under a year. But he knows of founders who weren't so lucky — some even had to move to a new country to find pay that could cover their debts.
You can find Andris on twitter and Github, or check out EmailEngine.
And if you'd like to be featured as a guest in a future interview for this series, let me know in the comments!
Ads here
]]>💰 "Keep things lean as all be, and focus on getting revenue before you spend on a fancy website. Build content marketing around your core avatar." —Javier
Javier uses the Personal Capital app for budgeting.
You can find Javier on LinkedIn, or check out Brandlyft, LeadDragon, White Label Chat GPT-3, and Formwise.
And if you'd like to be featured as a guest in a future interview for this series, let me know in the comments!
Ads here
]]>Jevon is building a following in the personal finance/real estate space. You can find him on Twitter @jevon800.
And if you'd like to be featured as a guest in a future interview for this series, let me know in the comments!
Ads here
]]>I was working out that you need to generate this amount of value per month to get to $100m in ARR
1,000 Enterprise customers: Price per month: $8,333 Value: $27,777 - $41,665 10,000 Medium-sized companies: Price per month: $833 Value: $2,777 - $4,165 100,000 Small businesses: Price per month: $83 Value: $277 - $415 1m Consumers or “prosumers”: Price per month: $8.33 Value: $27.77 - $41.65
Ads here
]]>I'm looking to connect with fellow IndieHackers who are actively considering their SaaS pricing strategies or have experience with regular testing. If you're willing to share your experiences or discuss pricing experiments, please feel free to DM me! I'm excited to learn from you and explore different perspectives.
Feel free to throw in any tips, advice, or resources you've found helpful in your journey on the thread too.!
Ads here
]]>For more detail: https://medium.com/@universTh32x21/the-mind-blowing-facts-about-income-levels-that-may-change-your-life-forever-df46c567ad1b
Ads here
]]>Ads here
]]>The post talks about creating a pricing model that's easy for users to understand by working backwards from a clear pricing page. They give a behind-the-scenes look at how their startup has updated their pricing page over time to boost conversion rates and LTV.
You can check out the blog post here: https://buttondown.email/blog/pricing-page-driven-development
If you're currently working on a pricing model for your product, I'd love to hear your thoughts! Did you start by envisioning your ideal pricing page, or did you approach it differently?
Ads here
]]>Ads here
]]>Ads here
]]>View full product catalog - https://airpitch.gumroad.com/
Ads here
]]>At the same time, my uncle keeps telling me that getting some experience under my belt will make it more likely that I succeed as an entrepreneur.
What do you think? Do I have to pay my dues and slog in menial positions as a student or employee before earning my freedom or can I hightail it straight to the Land Where Money Grows on Trees??
Ads here
]]>For context, pending more customer validation but I think a reasonable price point would be between $1000-$1500/mo paid annually. Would the best route for this to be gated, or something open to the public?
If there's not enough information to support the question, let me know and I'd be happy to provide more context. Thanks a ton for your insights/suggestions in advance
Ads here
]]>Ads here
]]>Ads here
]]>Pricing model:
Incremental pricing, based on the number of users. For example, the price starts at $10 and increases by $5 for every 10 customers.
For recurring payments:
Same thing, but if someone stops paying, others move on the list. For example, If I'm the 11th customer, I'm paying $15 per month. When someone who signed up before me leaves, I become 10th on the list and pay $10 from then on.
Is it even possible to do something like this?
I'm thinking a lot about this pricing model. I would love to go into more details, but wanted to check first if it already exists 😇
Ads here
]]>I've had a few companies ask for better insight and transparency over their banks’ and payment provider payment fees.
I’d love to get your feedback on a new tool we’ve built to help with that: Fee Calculator (rebanknow.com/fee-calculator). It’s still an MVP, and your input will drive the next iteration of this!
Ads here
]]>What do indie hackers use for payments? Stripe / Square / Paypal / etc?
And in your own personal experience, what's the easiest to use? :)
Ads here
]]>Ads here
]]>What do you think?
Ads here
]]>I am presently developing a technology startup and was wondering how I might get a grant in Canada as a software startup.
Where should I submit my application? Can you provide me that helpful tip?
Ads here
]]>I haven’t registered a business. No VAT or company registration.
I am working on an app, TradePlan.io , is there any service provider that lets me accept payment to my personal account. Once things work out, I will for sure register the needed stuff.
FYI, I am based in India. So if there are any India based indie hacker who had used any payment gateway to measure the initial traction before they registered there startup, do let me know.
That said, any global solution is also acceptable. Thanks.
Ads here
]]>(I tried Stripe, but to accept payments in USD, they expect me to be registered)
Do other fellow Indian indie hackers have any recommendations and if I need to register, can you recommend how should I go about doing it so that it is easy on cost and compliance?
Ads here
]]>PayPal shares were down as much as 6% the Monday after the announcement, the stock is down over 60% on the year.
What do you think — was it an honest mistake, or a guilty retraction? Feel free to comment or vote in the poll below :)
Ads here
]]>Happy Friday everyone!
Ads here
]]>Ads here
]]>If so, what percentage of users choose PayPal over other payment methods e.g. credit cards?
I see there are some negative opinions about PayPal, what do Indie Makers think about it?
Ads here
]]>Ads here
]]>You can be fired without notice pretty much whenever.
Once you have paying customers you are in control of a much more stable income source.
It's the starting out that's risky.
What path do you choose?
Ads here
]]>Ads here
]]>Ads here
]]>Ads here
]]>We wanted to price the list items as packages for example. $10 for 12 posts in the app. Also when a user posts the item they can boost the item to be on top of the page which is another package $1.99 a day. How do we convince sellers to pay to list their items? Or should we ask to post the item for free and later focus on selling him to boost the item? Thanks
Ads here
]]>And Just like that my two month of time is saved by creating a service like this that no one will use. Thank you Indie Hacker community ❤️ .
UPDATE 2: changed the title.
Ads here
]]>Startup: https://founderscafe.io
Ads here
]]>Ads here
]]>I've recently launched the beta version of UI Coach 2.0 which is a platform that helps you practice UI design with features like: 💡 Project ideas 🎨 Color palettes ✒️ Font pairings and a huge curated list of award-winning and nominated website designs you can browse to get inspired https://www.uicoach.io I currently have around 1k daily active users and I'm working on growing that but I'm quite lost on how to monetize it, I'd love to keep it free because I want people from less privileged countries to be able to use it without worrying about a paywall, any suggestions?
Ads here
]]>Ads and Adtech still dominate online digital space. And it seems are invading into new areas more and more. I myself in the past 10 years have worked in television, influencer marketing, and newsletter advertising.
I'm noticing more and more ads, in everything. In every space. Beyond banner ads too. Branded content, influencer content, native ads, etc.
It just seems like the future holds more ads in more places, than today.
I want to ask you. I want to see beyond my bubble.
Do you think there will be more ads or less ads in the future?
Ads here
]]>Ads here
]]>What is the rationale for how you guys charge?
Ads here
]]>Once you have that, you can start designing a strategy to speed up your cash conversion cycle. If successful, your cash flow can be consistently positive and give you proper financial freedom. On that note: Ready, set, go, let the cash flow! 🤑
Ads here
]]>For your reference, here are some of the features that are currently available:
Ads here
]]>There’s one underlying factor that is common for all three services of ours, and you may have already noticed it. It’s that when deciding on pricing, we always start with what we know & with what we can predict/control. In the case of BotMeNot – there’s actually not much that we can predict.
Ads here
]]>Ads here
]]>Ads here
]]>And now the founders of the startups can choose whichever path suits them and their ambitions best, be it bootstrapping, VC funding and everything in between.
Read more here: Bootstrapping, Venture Capital and the space in the middle
Also, check out our partial acquisition marketplace
Ads here
]]>Ads here
]]>Ads here
]]>🙏🏻🙏🏻🙏🏻
Ads here
]]>Thank you!! 🚀
Ads here
]]>Do you use Stripe for its huge number of features or Paddle because it handles your taxes? Do you prefer a platform like Gumroad or Shopify to take payments? Do your customers prefer PayPal or is crypto more their thing?
And what do you sell? (SaaS, digital products, physical products...)
Ads here
]]>Imagine you were going to start a side-hustle today to make money and potentially quit your job in the future.
Curious to hear your thoughts on this! I'm thinking about starting a new side-hustle, and the ones I've done previously were not too successful financially. So I'd love to hear how other people would go about it and learn from you.
Ads here
]]>This post is part of an article I published on Medium. Check it out to read more about investing on the stock market as a founder, planning your retirement and learning about other founders opinion on the subject.
Ads here
]]>Ads here
]]>Compound Journal is an end-of-day daily journaling app that's designed to mirror what a conversation between two people might look like.
"How was your day?"
"What did you do today?"
Then followed by a prompt that ask you to reflect back on your day.
This project has been a lot of fun to work on. Of course, completely bootstrapped up to this point with zero dollars spent on any marketing or services.
Up to this point the only money that we have spent has been on the landing page hosting costs.
If people are interested I can outline our tech stack and how we have managed to get this project off the ground with spending almost next to $0.00
If you'd like check out the app feel free to download it and start a free trial! The yearly subscription is only $19.99 (monthly is $2.99).
Ads here
]]>I have had it running for a while now with some initial customers using a placeholder price of $5/month.
I am changing this to a tiered price model (at least two tiers) where the higher priced tiers increase the count and frequency of the security tests. I intend to offer a 10% discount for annual subscriptions.
I am interested in your thoughts regarding how many tiers I should have and what they should be priced at or how I would determine a good pricing model. I am also wondering about your thoughts on charging a penny or a dollar less than some ideal price (e.g. $59 instead of $60).
Ads here
]]>Share your project and your pricing and let's see whether people think you should be charging more!
After you tell us about your project, be sure to drop into someone else's comment and leave some feedback!
Thanks, everyone! 🙏🏻
Ads here
]]>Always go with annual contracts /subscriptions🎆 • Annuals see oh so much lower Churn! • 1️⃣ purchasing decision per year vs. 12
"Freemium is a Samurai sword: unless you’re a master at using it, you can cut your arm off" • Don't do Freemium until you get the value metric right • Freemium is an acquisition model, NOT part of your pricing!
How to Freemium: ⛔Set the limits from early-on 🙈Monitor your product usage and test changes to make users convert 🎁 Offer free trial for your paid plans 📢Notify users about limits and offer seamless upgrade 💸Identify hot users- let Sales team work
Is Freemium for you? 🤔 If you know the answer to those questions, then YES!
Ads here
]]>What's been your experiencing with hiding/displaying your pricing?
Ads here
]]>I'm wondering if that is the normal flow, or is it typically done where you can invite as many people as you want, and as they join the team your seat quantity is raised automatically. So if I invite 10 people I'm being billed for 10 people, without having to go to my billing page and manually raise my seats to 10.
I just want to follow expectations for how businesses are used to doing this.
Ads here
]]>I'm not sure if Indie Hacker put rel="dofollow" on their links but I'm planning to link back to your website on the article.
I'm looking for the following information: -Your best advice for founders regarding money management/personal finances? -A mistake you did that they should not repeat. -Why personal finance is important and how that helped you? -Your name, your work title, and your website.
Ads here
]]>Looking for reliable payment processing software for your online store? Check out our list of the 10 best eCommerce payment processing tools. Depending on where your business is located, the products you sell, and your gross margins, one or more of these options might be a good fit.
https://databox.com/best-ecommerce-payment-processing-tools
Ads here
]]>I don't know a lot of fellow bootstrappers but the few I do know had not heard of this grant. As such I thought I would dedicate my first Indie Hackers post about this initiatives. I hope other Indie Hackers are successful in their application.
Good luck!
Ads here
]]>If you liked this post, you can follow me on Twitter or IH 😊
This is an extraction of my answer to @yousaiditchewie 's original post.
Ads here
]]>I’m order to try and retain their business I want to equip my subscriptions to accommodate international currencies. The problem is, I don’t see a way to “automatically” accept in any supported currency.
What are best practices for Stripe subscriptions with many different currencies? Do I need to make a new product for each currency, then make a new sales page for each currency?
I know this has to be a problem someone here has solved. Any help is appreciated!
Ads here
]]>What was the primary goal / outcome you were solving for with your pricing & packaging at this initial stage of your business, and why?
I've worked in a number of different contexts — brand new businesses, growth stage startups, and established enterprises — but am curious about learning from others' approaches and experiences as well. Thanks!
Ads here
]]>What has been your experience with monthly and yearly subscriptions?
Ads here
]]>Open to change prices and to more ideas, but what do you think could be the right model? Single ad pricing or block pricing?
Ads here
]]>I'll send the results to anyone who fills out this form.
Find out if you're overpaying or not:
Ads here
]]>I was thinking this could be an interesting pricing model as it allows users to still get the "annual" discount but pay monthly.
Also monthly pricing forces you to provide value the whole time. If someone churns after 6 months it is useful information. But if they already paid and just stop using the product you don't really know until the annual renewal comes up which delays that feedback loop.
Has anyone seen or used this pricing model and have any thoughts?
Ads here
]]>So tell us:
Ads here
]]>I think most of our paying customers would have happily paid double. What about you?
Ads here
]]>Do you have any thoughts on which would be better? Or any better ideas in general?
thanks
Ads here
]]>Nearly half (47%) of U.S. consumers say they’re frustrated by the growing number of subscriptions and services (source)
Please, let me be your customer. I love and support many apps. Just stop with the subscriptions.
P.S. As an indiehacker, I totally see why subscriptions are appealing. But, see if there’s a compromise out there with your customers. Understand their perspective, and you’ll make better products too. I invite you to join me in the comments section.
EDIT: Great comments! Loving the discussion. I’ll respond to everyone this evening. EDIT 2: Thanks everyone! We have more than a hundred comments and votes in the poll. I read a lot of great insights and learned a lot.
Ads here
]]>Ads here
]]>What I like about CC-upfront trials is that -- apart from its much higher conversion rate -- it adds to your MRR right away, you know there's an impending invoice coming your way, assuming they don't churn.
If your value proposition is strong enough, potential customers will not be put away by the credit card requirement, and you're also more likely to attract serious buyers instead of freeloaders.
How do you run your free trials?
Credit card upfront, no credit card upfront, low-cost free trial (e.g. $1), no free trial, or a combination thereof?
Ads here
]]>Revenue went up 20%. Users started talking to me, even if they weren't converting to paid. I began to understand who my users were and what they wanted from me, and what would make them convert.
I cannot recommend CC gating your free trials enough. It puts everything into neat little compartments. People signing up? Good, they're finding you. Putting their CC down for a trial? Good, you have a compelling value prop. Converting from trial? Good, you delivered on that prop.
I wanted to wait until my product was "in a better position." It is now in a better position, only because I asked for CC up front. Don't make the mistakes I made. If you're struggling to get traction, try this for a month. If you're not really getting customers anyways, what do you have to lose?
Ads here
]]>Ads here
]]>It's a tedious and very frustrating process that requires anything that a start-up opposes to:
Wanna learn how to handle Taxes properly in your SaaS business? Wanna 10x certain processes, without trial and error?
Learn everything you will ever need for your SaaS Taxes here
Ads here
]]>User Segment. You need to figure out who your users are. What is their goal by using your product? How much are they willing to pay for it? How much is the CAC? What's their LTV?
Valued Features. You need to figure out the key features they want, this would help you design the pricing tier.
PS: Make sure to grow with your users, the more value they receive, the more money you earn.
Happy to hear what's your thought.
Ads here
]]>We're now thinking, let's just ditch the trial. What's people's thoughts/experience with this? Maybe we could help conversions by offering a demo (before or after sign up)?
Ads here
]]>I'm still in that early growth phase where I'm trying to build up an audience, but I've added a BuyMeACoffee link to the site to see if anyone finds enough value to consider donating.
I'm wondering if this is even worth my time, or should I focus on just offering this service for Free and maybe look into other monetization ideas like:
I don't want to cheapen my product, but I also don't want to spend too much time working for free on things.
What should I do?
Ads here
]]>🙏🏽Wow, still here! Thank you for that🙏🏽 If interested in pricing, I’d love to share some more. I can roast your pricing too!
I post one tip per day on Twitter. (Following back🤞🏾)
Ads here
]]>[1] https://www.outlinersoftware.com/topics/viewt/9705/
Ads here
]]>