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So they want a guaranteed 5% conversion rate and it costs them $2M per year for 2M users. Let's be generous and assume 10% are active users -- their costs are
by foobarbazetc 16y ago
So they want a guaranteed 5% conversion rate and it costs them $2M per year for 2M users.
Let's be generous and assume 10% are active users -- their costs are $10/active user/year.
We can see why no one has bought this business.
And I have no idea what they're spending $2M/year on.
- daemin 16y agoThe $2 million would most likely be spent on salaries, therefore if they wanted to run it as a premium service they'd need to fire everyone but 2-3 people (developer, business, systems) and keep it going minimally like that.