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Congrats on the launch, and certainly a space that needs better software. However to echo the other comments: what is your revenue plan? Looks like everything i
by forgingahead 5y ago
Congrats on the launch, and certainly a space that needs better software. However to echo the other comments: what is your revenue plan? Looks like everything is free right now.
I have seen this model used in other large countries like Indonesia whereby the core product is provided free to merchants to juice adoption. This is of course subsidised by the VC funding. But what is the eventual monetisation plan?
Maybe this demographic of "customers" don't think about this, but if the product is free now, and later if you try to charge, what happens if you have lots of churn? And so to avoid that, revenue has to come from other methods, such as maybe selling customer data?
Would be interesting to hear your thoughts on this.
- adityadsr5 5y agoThanks so much! We want to make the mobile version free to use and charge them for web access currently $15 per user per year. Also there is a transaction charge we collect on the payments made through Swipe. That's another revenue stream. These are the 2 revenue streams we have on our mind right now :).