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Time tracking app Mite reveals numbers for first 20 months

blog.yo.lk

21–30 of 45 posts

Re: Time tracking app Mite reveals numbers for first 20 months

#21
post #14

Go team Kreuzberg. :-) (For non-Berliners, one of the boroughs of Berlin which has a handful of startups.)

I loved Kreuzberg when I stayed in Berlin for a month. Seriously considered moving to Berlin then. Hopefully will get to live there again for a summer month and decide.

Re: Time tracking app Mite reveals numbers for first 20 months

#22
Question for the thread -

  What are your thoughts on already having a product that people will pay for (and charging appropriately, direct selling to b2b markets) verses giving it away for free and monetize later?
Would this tactic impair because it confuses the value proposition, or benefit by spreading the business virally.

For example: https://www.yammer.com/about/pricing

Re: Time tracking app Mite reveals numbers for first 20 months

#23
post #20
post #18

Earlier quoted context omitted.

I was wondering... is it really worth it to have an API? Do you have many customers who use it? would those customers not be your customers if it weren't for the API? Thanks!

I can't prove that with numbers, but oh yes, we think the API is one of our key "success" points! One, the API helped us a great deal in terms of features / suporting different plattforms. Have a look: http://mite.yo.lk/en/platform/ – this is only possible because of our API, we couldn't have done that by ourselves, with a tiny team. Two, integrating 3rd party products helps to spread the word about your service, esp…

I guess that last question is pretty hard to answer, but from what you say I can tell there's a lot of value to your customers in the API, hence it looks likes it is worth it. Thank you for your reply and congratulations for your success, I hope you keep growing and being profitable!

Re: Time tracking app Mite reveals numbers for first 20 months

#25
post #24

I'm surprised the conversion rate fluctuates so much. Why such a drastic drop in conversion rate jn early January 09?

The drop corresponds to December '08. We think this occured simply because of the holiday season. When the trial expired, people weren't working => didn't read the email => didn't convert.

Another point: our numbers are so low, in general, please keep that in mind. Every little fluctuation looks like a big deal. But isn't, really.

Re: Time tracking app Mite reveals numbers for first 20 months

#26
post #20
post #18

Earlier quoted context omitted.

I was wondering... is it really worth it to have an API? Do you have many customers who use it? would those customers not be your customers if it weren't for the API? Thanks!

I can't prove that with numbers, but oh yes, we think the API is one of our key "success" points! One, the API helped us a great deal in terms of features / suporting different plattforms. Have a look: http://mite.yo.lk/en/platform/ – this is only possible because of our API, we couldn't have done that by ourselves, with a tiny team. Two, integrating 3rd party products helps to spread the word about your service, esp…

Hey Julias, you should join http://www.thesmallbusinessweb.com if you're looking to find a good group of people building the market through integrations. We'll be working on time tracking data standards later this year in fact.

P.S. You should integrate with FreshBooks. (Guess where I work :)

Re: Time tracking app Mite reveals numbers for first 20 months

#28
Tried out the app, but like all time tracking apps out there it fails to meet my extremely simple needs. Here is what a time tracking app should do to be fun to use (I would build one myself if I didn't sign a non-compete):

1) Don't require me to have clients, project, or tasks. Just allow freeform entry. If I don't want to assign time to a project, but just a client I should be able to.

2) Let me mark hours as billed! I don't want to have a project list that looks like, "Project 1a, Project 1b, Project 1c). It makes reporting messy.

3) Don't have New Project, New Client, etc. screens. Just create them when I enter it into the form.

4) Must have a good time tracker that I can start, close, and come back to later to submit.

Doesn't seem that hard to me. Freckle is the one that come closest, and their UI is subpar and they don't allow you to mark hours as billed.

Re: Time tracking app Mite reveals numbers for first 20 months

#29

Tried out the app, but like all time tracking apps out there it fails to meet my extremely simple needs. Here is what a time tracking app should do to be fun to use (I would build one myself if I didn't sign a non-compete): 1) Don't require me to have clients, project, or tasks. Just allow freeform entry. If I don't want to assign time to a project, but just a client I should be able to. 2) Let me mark hours as bille…

2) + 3) + 4): possible with mite. 1) client only isn't possible, but project only or service only. Sorry to hear you missed those existing features.

Re: Time tracking app Mite reveals numbers for first 20 months

#30
post #27

Thanks guys, those are interesting numbers. I'm surprised how little you charge for your app though. Have you considered increasing the price or offering more expensive options?

Interesting comment, thanks revorad. Did you realize the price is per user, not per account? We feel the price is in the higher middle-range, feels adequate to us. We're not cosidering to increase it at the moment.
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