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In case anyone is wondering, the site he is referring to is: http://www.wordchamp.com/lingua2/Home.do http://www.wordchamp.com/lingua2/Home.do Articles like th
by steveridout 13y ago
In case anyone is wondering, the site he is referring to is: http://www.wordchamp.com/lingua2/Home.do http://www.wordchamp.com/lingua2/Home.do
Articles like this scare me. I've been working for 8 months full time now on a bootstrapped website for learning vocabulary via reading (http://readlang.com http://readlang.com). I've been advised a few times that it's extremely hard to make money with this kind of site but for now I'm ploughing ahead anyway. Reading this gives me pause for thought but as long as I've getting good feedback I'm happy to keep going and see where it might lead.
Even in the worst case though, I hope that I wouldn't ever need to shut down the site, and that it could at least pay for it's hosting costs and be automated to keep running with minimal maintenance.
- djt 13y agoI would encourage you to start charging customers or to find another monetisation strategy for it, unless youre getting mmassive traction you arent a aquisition target and if its nice but free then it may never make money.
- steveridout 13y agoIt's still early days and I'm more focused on growing the user base right now. Saying that, since last month I put a daily cap on phrase translations for free users and a 'Readlang Supporter' plan at $10 / year for unlimited translations and to support development through the beta period. So far I've had 13 payments, a total of $130, which I'm pretty happy with since a) the user base is currently small (about 500 signed up since I added the payment option), b) it's validation that people are willing to pay for the service, and c) I've got a lot of ideas for improving it in future.