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I wouldn't ever consider building a product for consumers. Why? * Businesses are used to paying for services. * Businesses can typically make judgements abou
by bdunn 14y ago
I wouldn't ever consider building a product for consumers.
Why?
* Businesses are used to paying for services.
* Businesses can typically make judgements about the ROI of software (X saves Maggie 5 hours a week. That translates to $200 in pay. Sure, $100/mo is worth it.) Consumers can't.
* Businesses pay thousands of dollars a month for each person on staff. If you can eliminate the need for a position, a business will probably willingly pay 3 to 4 figures for your software.
- karamazov 14y agoI've never heard the term '3 figures' before :)
- StavrosK 14y agoDo you mean you haven't heard "three", or "figures"? Because you've definitely heard "six figures".
- hkmurakami 14y agoOne of those cases where you've heard "three" and "figures" but not "three figures" :P (I've probably heard it used only a few times in my life)
- StavrosK 14y agoOh, right. Same here, come to think of it. I wonder what other cliche phrases we can ruin.
- bdunn 14y agoAs in $XXX or $XXXX I'm also so focused on subscription revenue that I forgot to clarify that. Get a few $XXXX/month businesses and you'll have six figure annual revenue before you know it.