3 ms·
The payment scheme is what interests me most. I can't even try it out and I'm seriously considering paying this guy a couple of dollars. This is highly irratio
by jeremymims 17y ago
The payment scheme is what interests me most. I can't even try it out and I'm seriously considering paying this guy a couple of dollars.
This is highly irrational behavior on my part considering there are dozens of free "social bookmarking" sites out there that certainly accomplish my very limited social bookmarking goals.
It reminds me of old carnival shows (or any nightclub with a line outside). Pay money to get inside. No preview up front. You're paying for exclusivity, mystery, and reputation instead of features.
Additionally, people who pay money for something often feel the need to justify the purchase to themselves and others. This will generally increase their happiness with the product and irrationally cause them to stick with the product through technical difficulties and feature shortages (humans are terrible at evaluating sunk costs). And because they have emotionally and financially invested in the company, there's a larger chance they will recommend this website to their friends, thus creating higher switching costs for themselves.
I'm interested to see how this pricing experiment turns out.